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Titelmasterformat durch Klicken bearbeiten The power of television November 3, 2016 Q3 2016 IR Presentation

Titelmasterformat durch Klicken bearbeiten The power of television November 3, 2016 Q3 2016 – At a Glance Thomas Ebeling Chief Executive Officer

1 2 3 4 Q3 – At a Glance Key financials in Q3 2016 [Q3 2016 vs. Q3 2015; in EUR m] +15% Revenues 857 +13% Recurring EBITDA 202 +11% 87 Underlying net income | November 3, 2016 | | November 3, 2016 | 3 Continuing operations

1 2 3 4 Q3 – At a Glance Q3 2016: Group revenue growth driven by all segments Ext. segment revenues [in EUR m; growth rates in %] Digital Ventures & Content Production & Broadcasting German- Digital Entertainment speaking Commerce Global Sales +2% +23% +44% +34% [in EUR m] 472 465 181 125 99 100 80 74 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Q3 2015 Q3 2016 | November 3, 2016 | 4

1 2 3 4 Q3 – At a Glance Major operational highlights New and extended Launch of new linear Dynamic performance of acquired distribution deals online video platform companies TV TV VoD 1) + New minority investment in New leading Anchor assets in online price comparison subscription-based asset in Dating Health & Wellbeing | November 3, 2016 | 1) maxdome cooperation with Deutsche Bahn is a closed circuit service 5

1 2 3 4 Q3 – At a Glance 2018 Group revenue growth target and achievement by Q3 2016 2018 Group revenue and rec. EBITDA target 2018 segment revenue targets [in EUR m] [in EUR m] 4,506 3,631 2,356 2,301 2,188 1,926 1,172 1,145 983 745 655 563 470 447 328 227 108 95 ProSiebenSat.1 Group Rec. EBITDA Broadcasting German- Digital Entertainment Digital Ventures & Content Production & speaking Commerce Global Sales 59% 60% 70% 65% 51% 62% Degree of achievement 1) 63% 63% 63% 63% 63% 63% Pro-rata target Required CAGR by 2018 +10% +7% +2% +11% +30% +17% 2012 Q3 2016 (LTM) 2018 target | November 3, 2016 | 1) As of Q3 2016 6

1 2 3 4 Q3 – At a Glance We confirm our positive full-year guidance Group revenue growth to exceed +15% German TV ad market to grow 2% plus in 2016 P7S1 TV ad revenue growth slightly below market Digital Entertainment and Digital Ventures & Commerce with double-digit revenue growth Recurring EBITDA and underlying net income above prior year | November 3, 2016 | 7

Titelmasterformat durch Klicken bearbeiten The power of television November 3, 2016 Q3/9M 2016 – Financial Performance Dr. Gunnar Wiedenfels Chief Financial Officer

1 2 3 4 Q3/9M – Financial Performance Q3 2016: dynamic revenue and recurring EBITDA increase Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +15% +13% 857 900 300 747 202 178 600 200 100 300 0 0 Q3 2016 Q3 2015 Q3 2016 Q3 2015 Q3 2016: Recurring EBITDA margin of 24% | November 3, 2016 | Continuing operations 9

1 2 3 4 Q3/9M – Financial Performance Q3 2016: valuation effects recognized in the financial result adjusted in underlying net income Financial result Underlying net income [in EUR m] [in EUR m] >+100% +11% 25 100 87 79 80 0 60 -1 40 -25 20 -35 0 -50 Q3 2015 Q3 2016 Q3 2015 1) Q3 2016 | November 3, 2016 | Continuing operations; 1) Q3 2015: underlying net income restated due to retrospective adjustments of valuation effects of put-options and earn-out 10 liabilities

1 2 3 4 Q3/9M – Financial Performance 9M 2016: double-digit revenue and recurring EBITDA increase Consolidated revenues Recurring EBITDA [in EUR m] [in EUR m] +17% +10% 3,000 750 2,545 626 568 2,174 2,000 500 1,000 250 0 0 9M 2016 9M 2015 9M 2016 9M 2015 9M 2016: Recurring EBITDA margin of 25% | November 3, 2016 | Continuing operations 11

1 2 3 4 Q3/9M – Financial Performance 9M 2016: further high single-digit underlying net income growth Financial result Underlying net income [in EUR m] [in EUR m] +38% +8% 294 271 25 300 0 200 -25 -50 100 -50 -75 -69 0 -100 9M 2015 9M 2015 1) 9M 2016 9M 2016 Continuing operations; 1) 9M 2015: underlying net income restated due to retrospective adjustments of valuation effects of put-options and earn-out | November 3, 2016 | 12 liabilities

1 2 3 4 Q3/9M – Financial Performance Broadcasting German-speaking: continued positive development of revenue and profits External revenues and recurring EBITDA [in EUR m] Q3 Q3 9M 9M y-o-y y-o-y Comments 2016 2015 2016 2015 Q3 TV ad revenues reflect Ext. revenues 472 465 +2% 1,506 1,470 +2% sports events and strong prior year (Q3 2015: +5.2%). 9M TV ad revenues in line with TV advertising 424 423 +0% 1,374 1,352 +2% full-year guidance. Continued distribution revenue growth Distribution 30 26 +16% 90 80 +12% driven by HD, mobile/OTT. Solid margin development in Rec. EBITDA 147 137 +7% 479 460 +4% Q3 and 9M 2016 supported by internal revenue growth. | November 3, 2016 | Continuing operations, recurring EBITDA on entity basis 13

1 2 3 4 Q3/9M – Financial Performance Digital Entertainment: solid revenue growth marked by mix effects External revenues and recurring EBITDA [in EUR m] Q3 Q3 9M 9M y-o-y y-o-y Comments 2016 2015 2016 2015 Segment revenues benefiting Ext. revenues 99 80 +23% 304 228 +33% from dynamically growing AdVoD 70 38 +82% 198 ./. ./. AdVoD business with strong support from CDS/Studio71 PayVoD 21 17 +21% 61 ./. ./. and AdTech business. Continued solid growth of Adjacent 8 13 -39% 26 ./. ./. maxdome. Q3 2016 reflects deconsolidation of Games. Games 0 12 -100% 20 ./. ./. Q3/9M 2016 segment Rec. EBITDA 4 4 0% 19 23 -15% profitability burdened by Adjacent revenue decline. | November 3, 2016 | Continuing operations, recurring EBITDA on entity basis 14

1 2 3 4 Q3/9M – Financial Performance Digital Ventures & Commerce: overall dynamic revenue growth External revenues and recurring EBITDA [in EUR m] Q3 Q3 9M 9M y-o-y y-o-y Comments 2016 2015 2016 2015 Dynamic revenue increase Ext. revenues 181 125 +44% 483 293 +65% driven by double-digit organic Online Price Comparison 23 9 >+100% 74 ./. ./. segment revenue growth in Q3 and consolidation effects. Online Travel 92 65 +42% 233 ./. ./. Development of Seven- Ventures in Q3 reflects strong Lifestyle Commerce 37 18 +100% 85 ./. ./. prior-year comparable figures. SevenVentures 29 34 -13% 91 ./. ./. Double-digit rec. EBITDA Rec. EBITDA 40 35 +14% 105 81 +30% growth both in Q3 and 9M 2016. | November 3, 2016 | Continuing operations, recurring EBITDA on entity basis 15

1 2 3 4 Q3/9M – Financial Performance Content Production & Global Sales: significant improvement of revenues and profitability External revenues and recurring EBITDA [in EUR m] Q3 Q3 9M 9M y-o-y y-o-y Comments 2016 2015 2016 2015 Segment revenues benefiting from contribution of acquired Ext. revenues 100 74 +34% 240 174 +38% assets Karga7, Dorsey Pictures and 44 Blue as well as organic revenue growth particularly of US production Total revenues 111 92 +20% 284 216 +32% business. Meaningful improvement of Rec. EBITDA 11 5 >100% 27 10 >100% segment profitability in Q3 and 9M 2016. | November 3, 2016 | Continuing operations; recurring EBITDA on entity basis 16

1 2 3 4 Q3/9M – Financial Performance Q3/9M 2016: Group P&L – improvement of all key metrics Q3 2016 Q3 2015 Δ 9M 2016 9M 2015 Δ [in EUR m] Revenues 857 747 +15% 2,545 2,174 +17% Recurring EBITDA 202 178 +13% 626 568 +10% Non-recurring items -13 -11 +15% -18 -30 -40% EBITDA 188 166 +13% 608 538 +13% Depreciation and amortization -52 -35 +48% -138 -97 +43% Thereof PPA 1) -14 -7 +94% -39 -18 >+100% Operating result (EBIT) 137 131 +4% 470 441 +6% Financial result -35 -1 >+100% -69 -50 +38% Thereof interest result -19 -23 -15% -65 -63 +3% Thereof valuation effects 1) -9 28 ./. 7 22 -68% Earnings before tax (EBT) 102 130 -22% 401 392 +2% Net income 2) 68 73 -7% 271 252 +7% Underlying net income 3) 79 4) 271 4) 87 +11% 294 +8% Continuing operations; 1) Adjusted in underlying net income; 2) Result for the period attributable to shareholders of ProSiebenSat.1 Media SE; 3) | November 3, 2016 | Adjusted for valuation effects of Group Share Plan, PPA as well as valuation effects of at-equity investments, put-options and earn out liabilities and 17 financial assets; 4) Restated due to retrospective adjustment of valuation effects of put-options and earn-out liabilities

1 2 3 4 Q3/9M – Financial Performance Financial leverage at the end of Q3 2016 reflects M&A activity Net financial debt Net debt [in EUR m] 3,000 2.5x 2,500 2.2x 466 2,000 1,500 2,419 1,000 1,953 500 0 30/09/2015 Change 30/09/2016 Financial leverage | November 3, 2016 | Financial leverage: Net debt/LTM rec. EBITDA (LTM rec. EBITDA of EUR 983m (previous year: EUR 893m) for continuing operations) 18

1 2 3 4 Q3/9M – Financial Performance Financial outlook for 2016 >+15% Group revenue growth above prior year Recurring EBITDA above prior year Underlying net income 1.5x – 2.5x Financial leverage | November 3, 2016 | 19