ProSiebenSat. Capital Markets Day: Acce to New Markets with Strong Long-Term Grow Prospects

ProSiebenSat.1 Capital Markets Day:

Access to New Markets with Strong Long-Term Growth Prospects One billion euro in additional revenues by 2018 compared to 2012

2015 growth target also raised to EUR 800 million

Considerable earnings contribution from additional revenues

Greatest growth driver Digital & Adjacent to contribute around 30% to consolidated revenues in 2018

Outlook for 2013 and dividend policy confirmed

Munich, October 15, 2013. The ProSiebenSat.1 Group is continuing consistently on its course of growth. At its Capital Markets Day in Munich today, the Group is presenting new financial targets for the next five years. By 2018, the media group intends to increase its revenues from continuing operations by EUR 1 billion compared to 2012. All three segments - Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales - are to contribute to the positive development of revenues. At the same time, the company aims to generate a considerable earnings contribution from the additional revenues and thus to continue on its profitable course of growth. The ProSiebenSat.1 Group plans to increase recurring EBITDA on average by a mid-single-digit percentage every year until 2018 as well as to achieve an above-average increase in underlying net income.

Growth target for 2015 raised to EUR 800 million

On the basis of the good development of revenues so far, the Group is also raising its original revenue target for 2015 considerably. Compared to 2010, the Group now plans to increase its revenues from continuing operations by at least EUR 800 million to EUR 2.851 billion. This is EUR 200 million more than originally planned.

Thomas Ebeling, CEO of ProSiebenSat.1 Media AG: We are one of few companies in the media sector that clearly communicates its multi-year targets and thus demonstrates its strategy of increasing shareholder value. We are also setting ourselves ambitious targets for the future. By 2018, we want to generate additional revenues of EUR 1 billion compared to 2012.

ProSiebenSat.1 is clearly on track for success. In recent years, we have systematically secured access to new markets with strong long-term growth prospects. These include, for example, e-commerce and the market for online-video advertising and digital home entertainment. We recognized the potential of these fields at an early stage and were quick to establish our own brands. In this, we are benefitting above all from the reach of our strong free TV stations by using them to market our own offers. The linking of TV and our new business areas offers us opportunities for synergy and growth that other media companies do not have. We are thus driving forward ProSiebenSat.1s transformation into a broadcasting, digital entertainment & commerce powerhouse. The dynamic development of the digital industry will accelerate rapidly in the years to come. We are in an excellent position with our Group and will use it to generate further growth for ProSiebenSat.1.

Market leadership in the TV business is the foundation for digital growth

In the next years, the ProSiebenSat.1 Group will keep extending its lead in the TV market by expanding its station portfolio and distribution revenues. At the same time, the share of digital business in consolidated revenues is expected to rise to around 30% by 2018. The goal is to build on our portfolio of market-leading growth companies in rapidly expanding segments of the digital industry and to extend it internationally. For this purpose, as in 2013, the ProSiebenSat.1 Group wants to invest in further growth also in 2014.

Shareholders to share in profitable growth

ProSiebenSat.1 will continue to let its shareholders participate in future earnings growth appropriately. The company confirms its policy of distributing an annual dividend of between 80% and 90% of underlying net income. As a result, the media group expects the revenue and earnings growth targeted for 2018 to lead to a significant increase in shareholder returns.

Axel Salzmann, CFO of ProSiebenSat.1 Media AG: We are aiming to continuously improve operating earnings and achieve above-average net profit growth. We have the advantage of promoting our growth with our own media power. This releases cash flow that we can use for targeted investments and attractive dividends. At the same time, we want to maintain our target leverage factor of 1.5 to 2.5 based on the Groups ratio of net financial debt to recurring EBITDA and thereby maintain our solid and efficient balance sheet structure.

Outlook for 2013 confirmed

The ProSiebenSat.1 Group also confirms its outlook for 2013 at the Capital Markets Day. The Group still expects revenues to increase by a mid- to high-single-digit percentage for the year as a whole. Despite capital expenditure on its growth initiatives, the Group also expects higher recurring EBITDA and underlying net income in 2013 than in the previous year.

From 11.00am CET, you can follow all presentations from the Capital Markets Day 2013 live and download presentation material at our website www.ProSiebenSat1.com.

LINK:	http://en.prosiebensat1.com/en/newsroom/press-releases/press-lounge/pr...
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