Q1 2016 Press Presentation | Page 1 | February 25, 2016 | May 3, - PowerPoint PPT Presentation

May 3, 2016 Q1 2016 Press Presentation | Page 1 | February 25, 2016 |

May 3, 2016 Q1 2016 At a Glance Thomas Ebeling Chief Executive Officer | Page 2 | February 25, 2016 |

1 2 3 4 Q1 2016 – At a Glance Key financials in Q1 2016 [Q1 2016 vs. Q1 2015; in EUR m] ✔ +22% Revenues 802 ✔ +12% Recurring EBITDA 170 ✔ +8% Underlying net income 76 | Page 3 | Page 3 | May 3, 2016 | | May 3, 2016 | Continuing operations

1 2 3 4 Q1 2016 – At a Glance Continued dynamic growth across all three business segments Broadcasting Content Production Digital & Adjacent German-speaking & Global Sales Digital Ventures & TV advertising Distribution Adjacent Entertainment Commerce Revenue growth vs. Q1 2015 +4% +14% +66% +110% -44% +5% +75% +38% +EUR 23m +EUR 103m +EUR 17m | Page 4 | Page 4 | May 3, 2016 | | May 3, 2016 | Continuing operations, external revenues.

1 2 3 4 Q1 2016 – At a Glance 2018 Group revenue growth target Rec. EBITDA growth target 2012-18 revenue growth target [in EUR m, degree of achievement] [in EUR m, degree of achievement] 57% 4,206 57% 66% 51% 67% 3,408 2,356 2,301 2,175 1,926 1,535 1,095 943 950 745 370 335 280 95 Group rec. EBITDA Broadcasting German- Digital & Adjacent Content Production & ProSiebenSat.1 Group speaking Global Sales 2018 revenue growth target +EUR 375m +EUR 1,200m +EUR 275m +EUR 1,850m Rec. EBITDA margin profile 2018E >30% 15-20% ≥10% ~26.0% Degree of achievement 2012 Q1 2016 (LTM) 2018 target | Page 5 | Page 5 | May 3, 2016 | | May 3, 2016 |

May 3, 2016 Q1 2016 Financial Performance Review Dr. Gunnar Wiedenfels Chief Financial Officer | Page 6 | February 25, 2016 |

1 2 3 4 Q1 2016 – Financial Performance Review Q1 2016: dynamic revenue and recurring EBITDA increase Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +22% +12% 1,000 200 170 802 153 655 150 500 100 50 0 0 Q1 2015 Q1 2016 Q1 2015 Q1 2016 Recurring EBITDA margin: 21% (-2%pts) | Page 7 | Page 7 | May 3, 2016 | | May 3, 2016 | Continuing operations

1 2 3 4 Q1 2016 – Financial Performance Review Q1 2016: Group revenue growth driven by all segments Key Group revenue growth drivers vs. PY [Q1 2016 external revenues; growth rates in %] Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales EUR 493m, +5% EUR 242m, +75% EUR 63m, +38% Digital Entertainment EUR 86m, +66% TV advertising EUR 454m, +4% Ventures & Commerce Red Arrow EUR 146m, +110% EUR 63m, +38% Distribution Adjacent EUR 29m, +14% EUR 9m, -44% | Page 8 | Page 8 | May 3, 2016 | | May 3, 2016 | Continuing operations

1 2 3 4 Q1 2016 – Financial Performance Review Q1 2016: high single-digit underlying net income growth Financial result Underlying net income [in EUR m] [in EUR m] -17% +8% 25 100 76 80 70 0 60 40 -25 -24 -28 20 -50 0 Q1 2015 Q1 2016 Q1 2015 Q1 2016 | Page 9 | Page 9 | May 3, 2016 | | May 3, 2016 | Continuing operations

1 2 3 4 Q1 2016 – Financial Performance Review Broadcasting German-speaking: continued solid revenue and recurring EBITDA improvement External revenues and recurring EBITDA [in EUR m] Q1 2016 Q1 2015 y-o-y Comments TV advertising business benefitted from Ext. revenues 493 471 +5% continued positive advertising environment and minor positive effect due to earlier Easter. TV advertising 454 437 +4% Distribution revenues again driven by continued strong demand for HD channels Distribution 29 26 +14% as well as increased mobile revenues. Rec. EBITDA increase almost in line with Rec. EBITDA 131 126 +4% revenue growth. | Page 10 | Page 10 | May 3, 2016 | | May 3, 2016 | Continuing operations; recurring EBITDA on entity basis.

1 2 3 4 Q1 2016 – Financial Performance Review Digital & Adjacent: successful acquisitions drive segment revenue and recurring EBITDA External revenues and recurring EBITDA [in EUR m] Q1 2016 Q1 2015 y-o-y Comments Dynamic revenue growth in Digital Ext. revenues 242 138 +75% Entertainment and Ventures & Commerce primarily driven by consolidation effects as Digital Entertainment 86 52 +66% well as strong growth of maxdome. Ventures & Commerce 146 70 +110% Adjacent affected by missing live events with former ProSieben host Stefan Raab Adjacent 9 17 -44% and slow-down in Live Entertainment. Rec. EBITDA increase below revenue Rec. EBITDA 35 27 +29% growth partly due to strong growth of lower-margin businesses. | Page 11 | Page 11 | May 3, 2016 | | May 3, 2016 | Continuing operations; recurring EBITDA on entity basis.

1 2 3 4 Q1 2016 – Financial Performance Review Content Production & Global Sales: continued double-digit revenue growth and notably improved profitability External revenues and recurring EBITDA [in EUR m] Q1 2016 Q1 2015 y-o-y Comments Continued solid revenue growth mainly driven by US production business as well Ext. revenues 63 46 +38% as Red Seven Entertainment. Positive consolidation effects from the acquisition of Karga Seven and Dorsey Pictures. Total revenues 76 56 +37% Solid rec. EBITDA margin well above prior Rec. EBITDA 5 1 >100% year. | Page 12 | Page 12 | May 3, 2016 | | May 3, 2016 | Continuing operations; recurring EBITDA on entity basis.

1 2 3 4 Q1 2016 – Financial Performance Review Q1 2016: Group P&L – improvement of all key metrics [in EUR m] Q1 2016 Q1 2015 Δ Revenues 802 655 +22% Recurring EBITDA 170 153 +12% Non-recurring items -9 -7 +25% Thereof M&A-related -3 -1 +127% EBITDA 162 146 +11% Depreciation and amortization -39 -29 +37% Thereof PPA -10 -4 >+100% Operating result (EBIT) 122 117 +5% Financial result -24 -28 -17% Thereof interest result -26 -21 +20% Earnings before tax (EBT) 99 89 +11% Net income 1) 66 61 +9% Underlying net income 76 70 +8% | Page 13 | Page 13 | May 3, 2016 | | May 3, 2016 | Continuing operations; 1) Result for the period attributable to shareholders of ProSiebenSat.1 Media SE.

1 2 3 4 Q1 2016 – Financial Performance Review Financial leverage at the end of Q1 2016 well inside target range of 1.5-2.5x net debt to recurring EBITDA Net debt Net financial debt [in EUR m] M&A spend to a large 26 2,500 2.1x 1.7x extent covered by strong 523 609 FCF generation from 2,000 operating activites of 342 >EUR 500m (LTM) 1,500 1,000 1,953 1,500 500 0 1) 31/03/2015 2014 M&A spend Other FCF before 31/03/2016 dividend M&A payment Financial leverage Financial leverage: Net debt/LTM rec. EBITDA (LTM rec. EBITDA of EUR 943m (previous year: EUR 860m) for continuing | Page 14 | Page 14 | May 3, 2016 | | May 3, 2016 | operations); 1) Mainly repayment of finance lease liabilities, dividend payments to non-controlling interests, payments for businesses without change in control and financing costs.

1 2 3 4 Q1 2016 – Financial Performance Review Financial outlook for 2016 >+10% Group revenue growth (in %) above prior year Recurring EBITDA above prior year Underlying net income 1.5x – 2.5x Financial leverage | Page 15 | Page 15 | May 3, 2016 | | May 3, 2016 |

May 3, 2016 Broadcasting German-speaking & Red Arrow Thomas Ebeling Chief Executive Officer | Page 16 | February 25, 2016 |

1 2 3 4 Broadcasting German-speaking & Red Arrow Germany with slower start while Austria performs strongly Audience share [in %] Q1 2016 Q1 2015 Germany 28.1% 28.9% (A 14-49) Austria 21.5% 23.5% (A 12-49) Switzerland 18.2% 18.3% (A 15-49) Basis for GER: All German TV households (GER+EU/German-speaking), A 14-49; Mon-Sun, 3-3 h; Source: AGF in cooperation with GfK / TV Scope / ProSiebenSat.1 TV Deutschland; Basis for A: A 12-49; Mon-Sun, 3-3 h, incl. P7 MAXX | Page 17 | Page 17 | May 3, 2016 | | May 3, 2016 | Austria and S1 Gold Austria (from Jul 15, 2014 onwards); Basis for CH: D-CH; A 15-49; Mon-Sun, 3-3 h, incl. PULS 8 (from Oct 08, 2015 onwards); Source: Mediapulse TV-Panel. Source: AGTT / GfK: Fernsehforschung / Evogenius Reporting.

1 2 3 4 Broadcasting German-speaking & Red Arrow We see an upward trend from February onwards … Audience share development Germany (A 14-49) [in %] +0.4 +1.1 28.8 28.4 27.3 January 2016 February 2016 March 2016 Basis: All German TV households (German-speaking), A 14-49, | Page 18 | Page 18 | May 3, 2016 | | May 3, 2016 | Mon-Sun, 3-3 h; Source: AGF in cooperation with GfK / TV Scope / ProSiebenSat.1 TV Deutschland.

1 2 3 4 Broadcasting German-speaking & Red Arrow … and maintain our leading position in the German market Audience share (A 14-49) 1) Share of advertising 2) [Q1 2016; in %] [Q1 2016; in %] ∆ ∆ +2.6 +8.9 %pts %pts 28.1 42.4 25.5 33.5 1) Basis: All German TV households (German-speaking), A 14-49, Mon-Sun, 3-3 h; RTL Mediengruppe w/o RTL II | Page 19 | Page 19 | May 3, 2016 | | May 3, 2016 | minority; Source: AGF in cooperation with GfK / TV Scope / ProSiebenSat.1 TV Deutschland. 2) Gross values; Source: Nielsen Media Research / SevenOne Media, Sales Steering & Market Insights.