PRESENTATION TO ANALYSTS & INVESTORS ATRESMEDIA MADRID, DECEMBER 4, 2018
SPEAKER Ignacio Corrales General Manager Atresmedia Studios December 4, 2018 Atresmedia Presentation to investors 2
ATRESMEDIA STUDIOS 01. WHY? 02. WHAT? 03. HOW? 04. WHAT FOR? December 4, 2018 Atresmedia Presentation to investors 3
01 WHY? December 4, 2018 Atresmedia Presentation to investors 4
01 WHY? - KNOW HOW ATRESMEDIA TV: IN-HOUSE PRODUCTION IS OUR CORE BUSINESS In-house vs external production In broadcasting hours 2017 In-house production by type of content In production hours 2017 25% External 36% 28% Entertainment 75% In-house 64% 55% 17% Scripted News & Current affaires Weighted average for all 6 channels* *based on audience per channel December 4, 2018 Atresmedia Presentation to investors 5
01 WHY? - KNOW HOW SERIES ATRESMEDIA, THE JEWEL OF THE CROWN >25 years of experience >100 series produced >7,500 episodes December 4, 2018 Atresmedia Presentation to investors 6
01 WHY? - KNOW HOW ATRESMEDIA CINEMA, KEY PLAYER IN FEATURE FILMS >15 years of experience >160 films produced > 335 mill invested to date December 4, 2018 Atresmedia Presentation to investors 7
01 WHY? - KNOW HOW INTERNATIONAL SALES SUPPORTED BY TOP QUALITY CONTENTS Gran Hotel (113 countries) Mar de plástico (71 countries) El Tiempo entre costuras (56 countries) 1 st Spanish series in Japan (NHK) El Secreto de Puente Viejo (53 countries) 5 years leading fiction in Canale 5 (Italia) in afternoon and PT slots La casa de papel Most watched non-english series in Netflix ever First International Emmy Award for a Spanish series ever Velvet (112 countries) Vis a Vis 1 st Spanish series in UK (channel 4) Available in Netflix December 4, 2018 Atresmedia Presentation to investors 8
01 WHY? - KNOW HOW ATRESMEDIA INTERNATIONAL, THE LARGEST OFFSHORE NETWORK AMONG EUROPEAN COMMERCIAL BROADCASTER S Subscribers In millions 55 > 30 countries USA 11% Europe 4% 17 Mexico 26% Latam 59% 1 4 >100 operators 1996 2004 2013 2018e December 4, 2018 Atresmedia Presentation to investors 9
01 WHY? - HIGH DEMAND HIGH LOCAL AND INTERNATIONAL DEMAND FOR TV CONTENT December 4, 2018 Atresmedia Presentation to investors 10
01 WHY? ATRESMEDIA WHY? International brand recognition Proven Know-how & Expertise High local and international demand for TV content Global-oriented explotation December 4, 2018 Atresmedia Presentation to investors 11
02 WHAT? December 4, 2018 Atresmedia Presentation to investors 12
02 WHAT? A brand new company (2018), 100% Atresmedia Scaled content production company Oriented to national and international third-party players December 4, 2018 Atresmedia Presentation to investors 13
02 WHAT? Creative Team In-house External International Business Team Ignacio Corrales Managing Director Direct reporting to CEO Production Team Atresmedia s backoffice December 4, 2018 Atresmedia Presentation to investors 14
03 HOW? December 4, 2018 Atresmedia Presentation to investors 15
03 HOW? -CONTENT CREATION INTERNAL CONTENT CREATION 3RD PARTIES Know how & Expertise Briefing R+D Screenwriters Producers December 4, 2018 Atresmedia Presentation to investors 16
03 HOW? -CONTENT EXPLOTATION CONTENT EXPLOTATION COMMISIONING Originals IP: No Margins: ~10% Potential clients: Movistar +, Netflix, Amazon, HBO, Apple, CO-PRODUCTION Multiplatform (OTT, Broadcaster, International Sales, ) IP: Yes Margins: ~10-15% Potential markets: Europe Latam RoW December 4, 2018 Atresmedia Presentation to investors 17
03 HOW? Commisioning: Example EL EMBARCADERO Format: 16 X 50 Producted by: Atresmedia Studios & Vancouver Media Premiere: Q1 2019
03 HOW? Coproduction: Example PEQUEÑAS COINCIDENCIAS Format: 8 X 50 Producted by: Atresmedia Studios Co-production Premiere: Nov 2018
03 HOW? And more to come: 2019? + Originals + Co-productions + Talent + Markets
03 HOW? POTENTIAL MARKETS AND CUSTOMERS SPAIN LATAM EUROPE ASIA (FR, IT, GER, UK & NORDICS) M+ Amazon Netflix HBO Atresmedia Telemundo Televisa Viacom Turner Fox Broadcasters Producers Distributors OTT Distributors December 4, 2018 Atresmedia Presentation to investors 21
03 HOW? -CLEAR SYNERGIES WITH THE GROUP SYNERGIES December 4, 2018 Atresmedia Presentation to investors 22
04 HOW? Room to grow in unscripted: HOW? An Atresmedia Studios division Large experience in unscripted content for inhouse and external production
04 WHAT FOR? December 4, 2018 Atresmedia Presentation to investors 24
04 WHAT FOR? REVENUES DIVERSIFICATION LOW RISK ASSUMPTION Keeping up with market trends New business line IP creation & explotation Group synergies Talent retention Enlarging our core business December 4, 2018 Atresmedia Presentation to investors 25
04 WHAT FOR? Our mid-term goal: 3-4 series/year (scripted) Expand our client base (international approach) Minimum Margin: ~ 10% Enter in projects on unscripted