Investor Presentation Second Quarter 2016 Forward looking statements - PowerPoint PPT Presentation

Investor Presentation Second Quarter 2016

Forward looking statements This presentation contains statements that constitute forward ‐ looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward ‐ looking statements include statements regarding the current intent, belief or expectations of our officers or management with respect to future developments, including such important matters as (1) our asset growth and financing plans, (2) trends affecting our financial condition or results of operations, (3) the impact of competition and regulations, (4) projected capital expenditures and (5) liquidity. Forward ‐ looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those described in forward ‐ looking statements included in this presentation as a result of various factors. These factors, many of which are beyond our control, include the actions of competitors, future global economic conditions, market conditions, changes in interest rates and foreign exchange rates, changes in legislation or regulations applicable to our business, operating and financial risks, the outcome of legal proceedings and the factors discussed under “Risk Factors” in our annual report on Form 20 ‐ F for the year ended December 31, 2015. The results in this presentation appear as they were originally reported in our financial statements. 2

Overview Content Cable Sky 3

Our Our Cor Core Businesses Businesses Content and Distribution Licensing Advertising Network Subscription & Syndication Four broadcast channels in 26 pay ‐ tv networks and 51 Univision royalties Mexico City complemented feeds in Mexico and globally Content licensing fees through affiliated stations Exports to 70+ countries Cable Sky* Video : 7.8 million subs Video : 4.2 million RGUs (1) Data : 3.3 million RGUs A leading DTH system in Voice : 2.1 million RGUs Mexico and C. America In Mexico In addition, Televisa has equity and warrants which upon its exercise and subject to any necessary approval from the Federal Communications Commission (“FCC”) in the United States, would represent approximately 36% on a fully diluted, as ‐ converted basis of the equity capital in Univision Holdings Inc. * In partnership with AT&T which owns 41.3% of Sky. (1) Revenue generating units 4

Revenue nue br break eakdown Consolidated net revenue US$5.3b (1) 2Q'16 LTM LTM 2Q'16 YoY YoY US$mm (2) growth (3) growth (3) 8% 38% Content 2,060 11.0% 3.3% 25% Advertising 1,327 2.1% ‐ 6.2% 4% Network Subsc. 239 34.7% 30.8% 22% 38% 9% Licensing and Synd. 494 25.2% 24.4% 32% Cable 1,747 12.9% 20.4% 22% Sky 1,202 18.1% 13.8% 32% 8% Other 469 7.8% ‐ 1.9% (1) As of LTM 2Q'16. Consolidated net sales include elimination of intersegment operations amounting to US$143.7 million. (2) Equivalent in US$ at the FX rate of 17.3334 Ps/US$. The average of rates published by Mexico’s Central Bank for LTM ending June 30, 2016. (3) 2Q'16 year over year and LTM growth in peso terms. 5 5

Oper Operating segm segmen ent inc income (1) (1) Net OSI (2) of US$2.0b LTM Margin 2Q'16 LTM YoY LTM 2% US$mm (3) growth (4) 2Q'16 40% Content 860 41.8% ‐ 1.6% 33% 40% 25% Sky 547 45.5% 10.3% 33% Cable 717 25.6% 41.0% 2% Other 41 2.5% 8.8% 25% (1) Operating Segment Income – OSI – is defined as operating income before depreciation and amortization, corporate expenses, and other expense net. (2) Net OSI is after corporate expenses. As of LTM ending June 30, 2016 Net OSI includes Corporate Expenses of US$123.0 million. (3) Equivalent in US$ at the FX rate of 17.3334 Ps/US$. The average of rates published by Mexico’s Central Bank for LTM ending June 30, 2016. (4) LTM year year over year growth in peso terms. 6 6

Ongoi Ongoing div diversific ification ion of of our our to top line line and and O. O.S.I. A CAGR of 10% and 9%, respectively, since 2007 Revenue by Business Segment OSI by Business Segment 40.0 100 80 30.0 60 Ps. Billion Ps. Billion 20.0 40 10.0 20 0 0.0 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM 2Q16 2Q16 Content Sky Cable Pub. & Other Content Sky Cable Pub. & Other Sky and Cable revenues have expanded at a CAGR of Rapid OSI expansion driven by Sky and Cable. • • 11.3% and 33.4%, respectively, since 2007. Potential for OSI to continue expanding as businesses • Content revenues have remained resilient in spite of many grow and margins expand. • regulatory and competitive challenges over the years. Diversified portfolio of assets provide additional sources • of growth. 7 Source: with information from Grupo Televisa's public filings.

Conservativ Conser tive balance balance shee sheet Capacity to continue supporting strategic initiatives Net Debt / EBITDA Ratio 2.0 Debt composition 1.8 1.6 1.6 1.5 1.4 1.3 Ps$, 1.2 1.1 35% 0.8 US$, 0.6 65% 0.4 0.1 0.0 Cash and equivalents ‐ 0.1 ‐ 0.2 ‐ 0.4 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM 2Q16 Ps$, Total debt* (2Q'16): Ps$126.3 billion 24% Cash and equiv.: Ps$63.9 billion Net debt: Ps$62.3 billion Average maturity: 16.3 years US$, 76% Moody’s Baa1 S&P BBB+ Fitch BBB+ * Includes capital lease obligations 8 Source: with information from Grupo Televisa's public filings.

Capit Capital expenditur penditures fue fueling ling gr growth th The capex profile has changed along with the Company Capex Total Televisa Revenue Generating Units 17.3 2,000 18.0 16.3 1,800 16.0 1,600 13.5 14.0 7.8 1,400 7.3 12.0 11.1 RGUs (millions) 1,200 US$ millions 9.5 6.6 10.0 1,000 7.9 8.0 6.0 800 6.3 5.2 6.0 4.0 4.8 600 4.1 3.0 9.5 3.6 9.0 4.0 400 2.0 6.9 1.8 1.6 5.1 4.4 2.0 200 3.9 3.3 2.8 2.4 2.0 0 0.0 (1) 2007 2008 2009 2010 2011 2012 2013 2014 2015 LTM 2007 2008 2009 2010 2011 2012 2013 2014 2015 2Q16 2Q16 Content Sky Cable RGUs Cable Subs Sky Since 2007, Televisa has invested close to US$8 billion in Through Sky and Cable, since 2007, Televisa has grown its • • customer premise equipment, upgrades to the network, RGUs close to five times. satellite capacity, and other capital expenditures driven by As of 2Q´16, Televisa reached over 17 million video, voice • growth. and data revenue generating units (1) During first quarter 2010, we booked US$147mm related to the new satellite IS ‐ 16, however US$111mm were payable in 2011. 9 Source: with information from Grupo Televisa's public filings.

The te The teleco com opportunity opportunity is is signific significan ant Just getting started Total Subscribers: 160.0 million Total Revenues: Ps.388.9 billion 2015 2015 4.3% 1.6% 3.0% 4.9% 3.4% 3.5% 1.2% 6.2% 5.6% 5.7% 5.4% 7.0% AMX AMX 16.4% TEF TEF 7.9% AT&T AT&T Otros Other Dish Dish Mega Mega 59.6% 63.9% TV ‐ Sky TV ‐ Sky TV ‐ Cable TV ‐ Cable 10 Source: with information from Grupo Televisa's public filings, companies’ filings, and internal estimates.

Ma Market et Highligh ghlights A diverse shareholder base Ownership by Geographic Region Public Market Highlights Unidentified, Azcárraga 11.8% Trust, 14.7%  Publicly traded in Mexico since 1991 and in the NYSE since 1993. Other, 5.5%  One of the 10 largest companies in Mexico based on market capitalization. Europe, 5.4%  Average daily traded value of approximately US$64 million (1Q’16).  Float of 85% of its total capital.  Coverage by 16 sell side analysts and research houses. North America, 62.6% Average turnover for top 30 institutional shareholders is • 35%. (as of 1Q’16) 83% of institutional shareholdings are in the form of ADRs • and 17% are in the form of CPOs. (as of 1Q’16) 11 Source: Ipreo and internal estimates.

Me Media and and Te Telco dynam dynamics ics – w – watching them them closely closely Important differences between Mexico or Televisa and the U.S. Size of the advertising market Allocation of advertising budgets Demand for pay television Transformational technologies Dependence on content with short life ‐ span 12

Size of Siz of the the adv advertising ertising ma market et The Mexican advertising market is undeveloped GDP vs. Ad Spend Per Capita Total Advertising Spend / GDP 600 1.80% 1.63% 1.61% United States 1.60% 500 1.40% Ad Spend Per Capita 2014 Australia 1.14% 400 UK 1.20% Canada 1.02% 0.97% 0.94% 1.00% Japan 0.84% 0.78% Germany 300 0.80% 0.68% 0.58% France 200 0.60% South Korea 0.48% Italy GLOBAL 0.40% Brazil 100 Spain Russia 0.20% China Mexico India 0 0.00% 0 10,000 20,000 30,000 40,000 50,000 GDP Per Capita (2014E) The level of advertising expenditures to GDP is very much Mexico´s total ad spend to GDP has been growing slowly • • but still has much room for improvement. determined by the level of economic development. Mexico has significant room for ad spend upside as GDP At 0.48%, it is less than that of Brazil, Argentina and Chile. • • per capita increases over time. 13 Source: MoffetNathanson, The World Bank, MAGNA Global, company reports, Zenith Ad Spend report and JP Morgan