Press Presentation Q2/H1 2017

(1)

Q2/H1 2017

Press Presentation

August 3, 2017

(2)

At a glance

Thomas Ebeling

Chief Executive Officer

August 3, 2017

(3)

| August 3, 2017 |

Double-digit revenue growth in H1 2017

H1 2017 vs. H1 2016; in EUR m. 3

Revenues

Adjusted EBITDA

Adjusted net income

1,872 +11%

458 233

+8%

+9%

At a glance

(4)

| August 3, 2017 |

We are on track to reach our 2018 targets …

1) As of Q2 2017 LTM. 4

1,926 1,998 2,063 2,152 2,210 2,207 2,301

335 484 611 371 465 442 768 442 923 563

1,172

95 124 202

262 362 389

470 2012 2013 2014 2015 2016 Q2 2017

LTM 2018

2,356 2,605 2,876 3,261

3,799

75%

64%

77%

78%

Broadcasting German-speaking Digital Entertainment (since 2015)

Digital Ventures & Commerce (since 2015) Content Production & Global Sales

Digital & Adjacent (until 2014)

Degree of achievement

¹⁾

3,983

(required pro-rata

76%

target: 75%)

Target 2018:

EUR 4,506m

Latest portfolio measures

not yet reflected in 2018 CMD targets

Ext. segment and Group revenues

[in EUR m; FY 2012-Q2 2017 (LTM); 2018 target]

At a glance

(5)

| August 3, 2017 |

… and already generate 50% of revenues outside TV advertising

5

Q2 2017 LTM 3,983

2012 2,356

External revenues [in EUR m]

Non-TV advertising CAGR: +33%

TV advertising CAGR: +2%

CMD target achieved:

of Group revenues generated 50%

outside of traditional TV advertising business 50%

50%

23%

77%

At a glance

(6)

| August 3, 2017 |

We have built a portfolio of leading businesses in our new segments

Note: portfolio selection.

Jochen Schweizer acquisition subject to clearance by the responsible cartel authorities, closing envisaged in Q4 2017. 6 At a glance

Broadcasting

German-speaking Content Production

& Global Sales Digital Entertainment Digital Ventures & Commerce

55% 9% 11% 24%

Free TV #1 #1

AdVoD premium video sales

house

Top 3

Global multi- channel network

(MCN)

#1 #1

#2

#2 Top 10

Global independent production group

Since 2010 Since 2012 Since 2014

Share of Group

revenues Q2 2017

(7)

| August 3, 2017 |

We are the leading TV Group in Germany

Basis: all German TV households (German-speaking), A 14-49, Mon-Sun, 3-3 h, continued channels only; RTL Mediengruppe since June 2016 incl.

RTLplus, w/o RTL II minority. Source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland. 7 At a glance

28.7 29.0 27.1 25.1

Q2 2017

-0.3%

pts +2.0%

pts

2010

(8)

| August 3, 2017 |

We established an international content production powerhouse

1) Share of external revenues generated by US production entities, Q2 2017 LTM. 8

At a glance

19 production companies in 7 countries

of total CP&GS 73%

revenues coming

from US

¹⁾

(9)

| August 3, 2017 |

We built a leading global multi-channel network

Source: Studio71. 9

At a glance

Top3

global MCN

video views 7bn

per month

1,200

global

creators

(10)

| August 3, 2017 | 10

Demand side

platform Exchange/

marketplace Supply side

platform Ad server Sales house Publisher

Ad ve rtis er/ age ncy

+ mandates

Data management platform

At a glance

We created a leading proprietary AdTech stack in 24 months

(11)

| August 3, 2017 |

We built a portfolio of leading digital commerce assets in four years

Note: selected companies only; ext. revenue growth H1 2017 vs. H1 2016; in %. Jochen Schweizer acquisition subject to clearance by the responsible cartel authorities, closing envisaged in Q4 2017.

1) Pro forma view for Parship Elite Group. 2) mydays revenue growth. 11

Double-digit

revenue growth Single-digit

revenue growth

¹⁾

Double-digit

revenue growth

²⁾

Double-digit

revenue growth Double-digit

revenue growth

#2 #1 #1 #2 #1

At a glance

(12)

| August 3, 2017 |

We established powerful national and international partnerships

12 At a glance

European Media Alliance cooperations

Programmatic

Sales House (EBX) Joint online

video platform Studio71

co-investment Thematic

TV windows

US entertainment

cooperations German data

cooperation

Log-in partner alliance

First partner

(13)

| August 3, 2017 |

We continued our portfolio transformation in H1 2017

1) etraveli closing envisaged for early August 2017, deconsolidation envisaged in Q3 2017. 2) M4E: Media-for-Equity. Deal closed in July 2017; exit of selected assets only. 3) Note: leading experience platform in Germany, Switzerland and Austria; Jochen Schweizer acquisition subject to clearance by

the responsible cartel authorities, closing envisaged in Q4 2017. 13

At a glance

Exit of selected SevenVentures Media-for-Equity (M4E) investments ²⁾

Bolt-on acquisition of Jochen Schweizer to create leading experience platform ³⁾

Sale of etraveli after more than doubling its enterprise value (EV) ¹⁾

(14)

Financials

Dr. Jan Kemper

Chief Financial Officer

August 3, 2017

(15)

| August 3, 2017 |

Q2 2017: strong financial performance driven by non-TV advertising businesses

Financials

[in EUR m; growth in %]

Consolidated revenues

[in EUR m; growth in %]

Adjusted EBITDA

[in EUR m; growth in %]

Financial result

[in EUR m; growth in %]

Adjusted net income

Q2 2016 Q2 2017 Q2 2016 Q2 2017 Q2 2016 Q2 2017 Q2 2016 Q2 2017

Adjusted EBITDA margin: 28%

254 270

886 962

133 144

-10 -26

15

+9% +6% >+100% +9%

(16)

| August 3, 2017 |

H1 2017: first half also with strong financial performance

Financials

[in EUR m; growth in %]

Consolidated revenues

[in EUR m; growth in %]

Adjusted EBITDA

[in EUR m; growth in %]

Financial result

+11%

[in EUR m; growth in %]

Adjusted net income

+8% +9%

424 458

1,688 1,872 +10%

-34 -37

H1 2016 H1 2017 H1 2016 H1 2017 H1 2016 H1 2017 H1 2016 H1 2017

213 233

Adjusted EBITDA margin: 24%

16

(17)

| August 3, 2017 |

We confirm our 2017 financial outlook

Note: outlook reflecting all announced portfolio measures (disposal of etraveli and acquisition of Jochen Schweizer).

1) Based on adjusted net income. 17

Financial leverage ^1.5x-2.5x

Adjusted EBITDA above prior year

Adjusted net income above prior year

Group revenue growth at least high single-digit increase (%)

Dividend pay-out ratio ^80-90% ¹⁾

Financials

(18)

Q2 2017 focus topics

Thomas Ebeling

Chief Executive Officer

August 3, 2017

(19)

| August 3, 2017 |

Focus topics for today

19

5 1

3 Distribution update

AdTech and data initiatives

4 Advertising market

Portfolio management and M&A TV performance

2

1 | Portfolio management and M&A

(20)

| August 3, 2017 |

We pursue an active portfolio management strategy

Note: Jochen Schweizer acquisition subject to clearance by the responsible cartel authorities, closing envisaged in Q4 2017; etraveli closing envisaged

for early August 2017, deconsolidation envisaged in Q3 2017; exit of selected assets of SevenVentures M4E portfolio only: deal closed in July 2017. 20 1 | Portfolio management and M&A

Where we divest Where we invest

High TV responsiveness Significant synergies

Asset-light business model High omnichannel potential

Local hero potential

Not best owner anymore

Significant value creation opportunity

Jochen Schweizer

Online Travel strategic review etraveli sale

SevenVentures M4E portfolio exit ParshipElite Group

WindStar Medical

(21)

| August 3, 2017 |

Rationale and highlights

We are creating a leading online experience platform

Note: Jochen Schweizer subject to clearance by the responsible cartel authorities, closing envisaged in Q4 2017; source: P7S1 analysis. 21

Positive market dynamics with high single-digit growth expectations going forward

Complementary product portfolio and brand positioning

Majority acquisition at EV of EUR 108m

with attractive valuation of ~11x EV/EBITDA 2016

Cost savings and synergy potentials Strong digital capabilities

and omni-channel distribution network

+

Leading in emotional experiences

Leading in adrenalin experiences

(22)

| August 3, 2017 |

We more than doubled the enterprise value of etraveli since acquisition

Note: etraveli closing envisaged for early August 2017.

etraveli enterprise value development since acquisition

508

235 +116%

~2.2x

[in EUR m]

November 2015 June 2017

Sold to financial investor CVC in June 2017 at more than doubled EV

Combined purchasing power of our Travel vertical with suppliers leading to significant profitability increase

Acquired in November 2015 and significantly increased revenues while expanding

to now 50 countries (e.g., USA, China, India)

22 1 | Portfolio management and M&A

(23)

| August 3, 2017 |

Large part of M4E portfolio sold to leading US private equity fund Lexington Partners for mid double-digit million Euro amount

Lexington acquired majority stake in new fund

“Crosslantic Capital” with us as strategic partner with approximately 25% stake

IRR of around 30%, doubling our overall media and cash investments

We successfully sold parts of our SevenVentures M4E portfolio

Note: deal closed in July 2017. 23

(24)

| August 3, 2017 |

Focus topics for today

24

5 1

3 Distribution update

AdTech and data initiatives

4 Advertising market

Portfolio management and M&A TV performance

2

2 | TV performance

(25)

| August 3, 2017 |

TV consumption reflects aging of core target groups

1) Source: German Federal Statistical Office (“Statistisches Bundesamt“) 2015. 2) TV net reach Q2 2017 LTM. Source: AGF in cooperation with GfK.

3) Source: Viewtime Report, SevenOne Media/forsa 2015-2017. TV alternative: linear TV viewing on PC, laptop, tablet or smartphone via online stream,

recording or broadcast signal. 25

Target group A 14-49 Daily TV consumption

173 164

Q2 2017 12

Q2 2016

190 181

13 4 5

Target group A 14-69

-5%

2 | TV performance

TV classic TV alternative

³⁾

TV catch-up

222 219

9 Q2 2016

3 Q2 2017 235 232

9 3

-1%

Target group A 14-29

-5%

121 110

7 Q2 2017 7 144

16 137

19 Q2 2016

German population share

¹⁾

: 18%

[Ø daily TV viewing in minutes, rolling last 4 quarters]³⁾

German population share

¹⁾

: 44% German population share

¹⁾

: 72%

[Ø daily TV viewing in minutes, rolling last 4 quarters]³⁾ [Ø daily TV viewing in minutes, rolling last 4 quarters]³⁾

TV net reach

²⁾

: ~6m TV net reach

²⁾

: ~20m TV net reach

²⁾

: ~37m

(26)

| August 3, 2017 |

Increasing relevance of target group 50+ for advertisers

1) 50+; source: Statistisches Bundesamt (Destatis). 2) Generali Altersstudie 2017/IfD Allensbach; n=4.133. 3) Media Activity Guide 2017, SevenOne

Media/forsa. 4) SevenOne Media market research. 26

2 | TV performance

Growing share of total population ¹⁾

44% 628

EUR

High available income per month ²⁾

[Germany; 2015; 50+ years] Available income after fix costs such as rent and groceries [Germany; 2016; 65-85 years]

+4%pts

until 2030 +20%

vs. 2012

Effectiveness of TV advertising for brand awareness building and advertising recall in target group 50+ comparable to target group 14-49 ⁴⁾

349 minutes

+160min

vs. 14-49

Daily TV consumption

[Germany; Q1 2017; 50+ years]

High daily

TV usage ³⁾

(27)

| August 3, 2017 |

TV continues to dominate video viewing despite high PayVoD penetration

Basis: A 14-49; source: Viewtime Report SevenOne Media/forsa; 2015-2017. 27

Broadest user universe (A 14-49) Video consumption (A 14-49)

190 190 190 188 186 181

Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017

93 91 90 90 93 94

81

73 72 71

80 78

73

75 74 76

87 83

29 29 31 33

40 44

Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017

[Ø daily TV viewing in minutes, rolling last 4 quarters]

[in %; usage at least rarely or more often]

17 11 6 TV (incl. catch-up)

DVD/Blu-ray Free online video (excl. catch-up) PayVoD

44% PayVoD penetration only

translates to

~5% share of daily video consumption

TV consumption stable despite increasing broadest user universe of other

video services

2 | TV performance

(28)

| August 3, 2017 |

We maintain the leading position in the German TV market

1) Basis: all German TV households (German-speaking), A 14-49, Mon-Sun, 3-3 h, RTL Mediengruppe since June 2016 incl. RTLplus, w/o RTL II 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. 28

[Q2 2017; in %]

27.1 25.1

40.9 35.0

Audience share (A 14-49) Share of advertising (SoA)

+2.0% ∆

pts

+5.9% ∆

pts

2 | TV performance

(29)

| August 3, 2017 |

In line with previous years, H2 with exceedingly strong line up ahead

Basis: all German TV households (German-speaking), A 14-49 years, Mon-Sun, 3-3h; source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland.

Commissioned Licensed Branded windows

Schlag den Henssler (Q3 2017) House Rules

(H2 2017) The Martian

(Q3 2017) Honig im Kopf (H2 2017)

© Warner Bros.

The Voice of Germany

(Q4 2017) Duell um die Welt

(H2 2017) The Great Bake Off

(Q4 2017) Profiling Paris

(H2 2017) Navy CIS

(Q3 2017)

© TF1 International © CBS Broadcasting, Inc.

Up to 17.4%

Up to

23.3% Up to

14.5%

Up to 15.5%

Fo od & Drinks Ho me & Ga rde n Do it yours elf

Tra vel

Up to 13.5%

Scripps Networks Examples

**Get the F*ck out of my House (H2 2017)**

2 | TV performance

29

(30)

| August 3, 2017 |

Ratings Red Arrow formats [H1 2017; A 14-49]

²⁾

Red Arrow share of BCGS’s commissioned content spending [Q2 2017 LTM; in %]

¹⁾

Red Arrow ratings outperforming slot averages

Red Arrow’s share of our grid is growing and ratings are outperforming

1) As % of spendings in EUR; w/o non-fictional license, adjusted for timing effects. 2) Basis: all German TV households (German-speaking), A 14-49

years; source: AGF in cooperation with GfK/TV Scope/ProSiebenSat.1 TV Deutschland. 30

Push our “own your grid” strategy

+6% pts

Q2 2017 LTM 16%

Q2 2016 LTM 10%

2 | TV performance

111 Verrückte Viecher February 2017 Kiss Bang Love

February-March 2017

Knallerkerle April-May 2017

Hochzeit auf den ersten Blick:

Tatsächlich Liebe?!

April 2017

Up to 10.3%

Up to 15.4%

Up to

19.0% Up to

11.2%

(31)

| August 3, 2017 |

Focus topics for today

31

5 1

3 Distribution update

AdTech & Data initiatives

4 Advertising market

Portfolio management & M&A TV performance

2

3 | Distribution update

(32)

| August 3, 2017 |

7.6m HD subscribers in Q2 2017: well on track to reach 2018 target

1) HD penetration based on total TV households in Germany (39.6m); source: Astra TV Monitor; note: HD Free-to-air subscribers Germany shown, 32 paying subscriber figures as reported by platform partners (EoP; subject to subsequent adjustments by platform partners).

HD FTA subscriber development [in m]

1.6 9.2 6.7 7.6

4.9 5.7 3.7

1.8 Q2 2015 CMD

target 2018 Q2 2016

Q2 2014 Q2 2013

Q2 2012 Q2 2017

+0.9m

Q2 2016 vs.

+13%

4.5% 9.3% 12.4% 14.4% 16.9% 19.2% 23.2%

penetration HD

¹⁾

3 | Distribution update

(33)

| August 3, 2017 |

Focus topics for today

33

5 1

3 Distribution update

AdTech and data initiatives

4 Advertising market

Portfolio management and M&A TV performance

2

4 | Advertising market

(34)

| August 3, 2017 |

H1 2017 net TV ad market below PY, but positive expectations for H2

In our view, deviation of TV advertising revenues from underlying macro environment is non-structural and only temporary due to campaign shifts into H2 2017

2 P7S1 German-speaking TV advertising revenues in H1 2017 below TV advertising market due to seasonal share of advertising shifts by agencies and Parship internalization

3 Back-loaded growth in H2 2017 expected – September to December 2017 decisive for full year net TV advertising market growth

4 Current commitment levels are supporting back-loaded seasonality and low single-digit full-year TV ad market growth

5 Total net advertising market decreased slightly in H1 2017 mainly driven by Print – net TV advertising market also negative

1

34

(35)

| August 3, 2017 |

[estimate, in EUR bn] [estimate, in EUR bn]

Declining total ad market and TV ad market in H1 2017

1) Basis: Jan-Jun 2017, incl. YouTube, Facebook, search; source: Magna Global Forecast (June 2017), 7.1M estimate/SevenOne Media, Market

Insights. 35

Net ad market in H1 2017 ¹⁾

H1 2017 9.4

H1 2017 2.1

Total net ad market Net TV ad market

Reasons for declining TV ad market

Restrained marketing spending of advertisers

due to political uncertainties (e.g., Brexit and elections)

Decline reflects strong comparable figures in H1 2016 Declining total net advertising market in H1 2017 – even including Google and Facebook,

with print as a main driver

Development further affected by Parship internalization

(36)

| August 3, 2017 |

6 of top 10 industries increased TV budget, 7 of 10 increased TV ad share

Basis: H1 2017 (Jan-June), H1 2016 (Jan-June); source: Nielsen Media Research excl. “Media & Publishing” and “Other Advertising”. 36

Gross TV ad spendings of top 10 TV industries, Germany

H1 2016 vs. H1 2015

in EUR m H1 2017 vs. H1 2016 in EUR m Δ Share Δ TV in media mix

in EUR m

6.974 100.0%

Finance Beverages

Detergents Pharmacy Food Business Services Cosmetics & Toiletries

Telecommunication Motor Vehicles Trade & Shipment Total

594 -19

58 155 152 75

46 30 -28

-46

37 107 68 34 -47

-2 15

60 -3

-38 17

19 1.002 899 804 783 451 446 364 362 250 229

14.4%

12.9%

11.5%

11.2%

6.5%

6.4%

5.2%

3.6%

3.3%

+7.3%

+4.0%

-5.5%

-0.3%

+3.4%

-0.8%

-9.6%

+7.1%

+15.4%

+8.9%

+1.6%

+3.1%pts +0.8%pts -0.3%pts +3.1%pts +0.8%pts +0.7%pts -2.2%pts +3.3%pts -2.4%pts

+3.8%pts

+0.1%pts

(37)

| August 3, 2017 |

Back-loaded market development expected in H2 2017

Source: SevenOne Media own estimate; status as of July 21, 2017. 37

Market growth rate estimate 2017 [in %]

Market growth rate estimate 2016 [in %]

FY 2017 TV ad market outlook maintained at +1.5%

to +2.5%, with lower end of range perceived more likely

Industries with strong performance in July

e.g., motor & vehicles, beverages, home and garden FY 2017 outlook further underpinned

by positive advertiser commitments

Agencies also with confidence in H2 upside

H2 growth backed by all industry analysts estimates Decrease of political uncertainty after French election and further improving macros

Estimated 2017 German net TV ad market growth Comments

Q1 Q2 H1 H2

growth Ø

growth Ø growth Ø

growth Ø

(38)

| August 3, 2017 |

All German net TV ad market estimates for 2017 positive

Source: Warc International Ad Forecast 2017 (November 2016); ZenithOptimedia Advertising Expenditure Forecasts (June 2017); Magna Global

(Broadcast TV, June 2017); SevenOne Media own estimate. 1) Source: Magna Global (Broadcast TV, December 2016). 38

internal market estimate P7S1

+1.5%

+2.1%

+2.9% +1.5% to +2.5%

Increased from

previously 1.0%

¹⁾

(39)

| August 3, 2017 |

Sales outlook 2017

German net TV ad market growth of +1.5% to +2.5%, with lower end of range perceived more likely

1 P7S1 TV ad revenue growth relative to overall TV ad market subject to share catch-up effects in decisive months September to December

2 P7S1 performance expected to be in line with main competitor

3 Continued increase of TV share in gross media mix, net share expected stable

4 Scaling of addressable TV as top priority

5

39

(40)

| August 3, 2017 |

Focus topics for today

40

5 1

3 Distribution update

AdTech and data initiatives

4 Advertising market

Portfolio management and M&A TV performance

2

5 | AdTech and data initiatives

(41)

| August 3, 2017 |

Our AdTech & data initiatives are progressing

1) eCPM: effective Cost-per-Thousand (effective Cost-per-Mille) 41

Technology Data sources Products

P7S1 TV data

P7S1 Commerce data

Log-in partner alliance

PEP (Zalando coop) P7S1 Digital

Entertainment data Addressable TV SwitchIn

Sales

European Broadcaster Exchange (EBX)

Value creation levers for P7S1 Influence eCPM ¹⁾

on Digital & TV Drive video views/

page impressions Reduce customer

acquisition costs Offer direct

marketing services Increase conversion rates

New New

Smartstream.TV Int. ^New

(42)

| August 3, 2017 |

We have a unique position in data

42

None Best

Best

Digital Commerce data Usage-

weighted TV data

(43)

| August 3, 2017 |

New Log-in alliance partnership will strengthen our future ad business

Note: Initiative based on joint foundation – subject to approval of anti-trust authorities.

1) Estimated user base at launch. 43

Maximum convenience for users to register with one password across all partner sites

Transparent user privacy management in line with upcoming European ePrivacy data regulation

Further optimized individualization of advertising offerings and products

Initial reach of 45m users across all founding partners ¹⁾ Open for further partners – based on

open log-in standard

First partner

One login

angemeldet bleiben

(44)

| August 3, 2017 |

1:1 communication and targeting

Deutsche Bahn

WWF

Eurowings

Sony

Columbia

Heineken

Paramount

Kia

Weight Watchers

P7S1 already leading the market in addressable TV advertising

44

Addressable TV Example for successful SwitchIn campaigns

Interaction and online features Adserver connection provided

via own AdTech stack

campaigns 93

67 clients H1 2017

campaigns 34

24 clients H1 2016

(45)

| August 3, 2017 |

We are establishing a programmatic sales house with TF1 and Mediaset

45

European Broadcaster Exchange (EBX) Premium video ad inventory by local sales houses European Broadcaster Exchange (EBX) Joint Venture with equal shares

Start of a deeper strategic collaboration to compete with global competitors

Addressing the demand for brand-safe

environments and high quality international video campaigns at scale

Open model to attract other European media companies

Joint Venture to sell pan-European programmatic video advertising campaigns targeting additional advertising budgets

(46)

Outlook

Thomas Ebeling

Chief Executive Officer

August 3, 2017

(47)

| August 3, 2017 |

We confirm our revenue and earnings outlook for 2017

Note: outlook reflecting all announced portfolio measures; Jochen Schweizer acquisition subject to clearance by the responsible cartel authorities,

closing envisaged in Q4 2017; etraveli closing envisaged for early August 2017, deconsolidation envisaged in Q3 2017. 47

At least high single-digit Group revenue growth German TV ad market to grow +1.5% to +2.5%, with lower end of range perceived more likely

Digital portfolio with double-digit revenue growth

Adjusted EBITDA and adjusted net income above prior year P7S1 performance relative to overall TV ad market subject

to share catch-up effects in decisive months September to December

Outlook

(48)

| August 3, 2017 | 48

(49)

Backup August 3, 2017

(50)

| August 3, 2017 |

Q2/H1 2017 Group key metrics

1) Adjusted in adjusted net income. 2) Result for the period attributable to shareholders of ProSiebenSat.1 Media SE.

3) Adjusted for reconciling items. 4) After reclassification of cash and cash equivalents of eTRAVELi AB. 50

[in EUR m] Q2 2017 Q2 2016 Δ H1 2017 H1 2016 Δ

Revenues 962 886 +9% 1,872 1,688 +11%

Adjusted EBITDA 270 254 +6% 458 424 +8%

Reconciling items ¹⁾ -12 4 >100% -37 -5 >100%

EBITDA 258 258 +0% 421 420 +0%

Depreciation and amortization -53 -47 +14% -107 -86 +24%

Thereof PPA ¹⁾ -13 -15 -11% -27 -25 +8%

Operating result (EBIT) 205 211 -3% 314 333 -6%

Financial result -26 -10 n/a -37 -34 +10%

Thereof interest result -14 -23 -40% -36 -46 -22%

Thereof valuation effects ¹⁾ -13 17 n/a 1 15 -93%

Earnings before tax (EBT) 179 201 -11% 276 299 -8%

Net income ²⁾ 117 136 -14% 181 203 -11%

Adjusted net income ³⁾ 144 133 +9% 233 213 +9%

Net financial debt ⁴⁾ -2,425 -2,005 +21% -2,425 -2,005 +21%

Financial leverage ⁴⁾ 2.3x 2.1x +0.2x 2.3x 2.1x +0.2x

Financials

(51)

| August 3, 2017 |

Disclaimer

51

This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1") or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or ProSiebenSat.1 Group's financial position, business strategy, plans and objectives of management and future operations. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of ProSiebenSat.1 or ProSiebenSat.1 Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct.