Mediaset Espana Comunicacion S.A.

Investor Presentation • Jul 28, 2022

January – June Madrid, July 28th ²⁰²²

Q2 2022 Financials

Q2 2022 Financials
Million €	Q2 22	Q2 21	%
Total net revenues	227.2	239.6	(5.2%)
Total operating costs	155.5	178.1	(12.7%)
EBITDA	71.7	61.5	16.5%
EBITDA margin	31.6%	25.7%
EBIT	66.0	56.6	16.5%
EBIT margin	29.0%	23.6%		Source: Kantar Media
NET PROFIT	71.2	48.6	46.4%
EPS	0.23	0.16			Mediaset
Free Cash Flow	34.0	56.9	(38.2%)
Net cash position	366.4	156.7	133.8%	Others
			Source: Company Data
Results Presentation – H1 2022				Source: Infoadex

24H Total Individuals TV Audience Share and Commercial Target Apr.-Jun. Q2 22

H1 2022 Financials

H1 2022 Financials
Million € Total net revenues	H1 22 415.2	H1 21 423.6	% (2.0%)
Total operating costs	309.2	310.7	(0.5%)
EBITDA	106.0	112.8	(6.1%)
EBITDA margin	25.5%	26.6%
EBIT	95.8	103.8	(7.7%)
EBIT margin	23.1%	24.5%		Source: Kantar Media
NET PROFIT	95.0	85.4	11.2%
EPS	0.30	0.27
Free Cash Flow	114.0	141.4	(19.4%)	Mediaset
Net cash position	366.4	156.7	133.8%	Others
			Source: Company Data
Results Presentation – H1 2022				Source: Infoadex

24H Total Individuals TV Audience Share and Commercial Target Jan.-Jun. H1 22

Commercial Target includes individuals from 16 to 59 years old that live in areas with a population of more than 10,000 inhabitants and belong to all but the lowest socio-economic index.

Source: Kantar Media

Advertising market evolution 2022

Source Infoadex TV AD MARKET: -5.0% in H1 22

DIGITAL AD MARKET +7.5(*) IN H1 22

(*) Source Infoadex (search engines not included)

Commercial Policy H1 2022

Source: Company Data

Gross TV Advertising Revenues H1 2022

Other revenues evolution 2022

New shareholders structure

Outlook 2022

1. Leading in profitability, and an audience share which allows us to be advertising market share and price leaders

2. Cost flexibility, adapted to advertising market conditions, cinema activities and new digital projects

3. Complex macro outlook for 2022

4. Maintain strong financial position for taking potential business opportunities which may come

Results Presentation – H1 2022 5. Looking for new opportunities both digital and content production

Profit & Loss Accounts I

Profit & Loss Accounts I
EUR Mill.	H1 22	H1 21	Var%
Gross Advertising Revenues	385.8	406.1	(5.0%)
Mediaset España´s Media	368.6	395.3	(6.8%)
Third Party Media	17.3	10.8	60.5%
Commission	(17.4)	(18.4)	(5.1%)
Net Advertising Revenues	368.4	387.7	(5.0%)
Other Revenues	46.8	35.8	30.5%
	415.2	423.6	(2.0%)
Total Net Revenues Rights Amortisation	(58.4)	(40.4)	44.5%
Personnel	(63.2)	(61.1)	3.4%
Other Operating Costs	(187.5)	(209.1)	(10.3%)
	(309.2)	(310.7)	(0.5%)
Total Costs EBITDA	106.0	112.8	(6.1%)

Profit & Loss Accounts I I

Profit & Loss Accounts I I
EUR Mill.	H1 22	H1 21	Var%
EBITDA	106.0	112.8	(6.1%)
EBITDA Margin	25.5%	26.6%
Other Amortisations. Provisions	(5.9)	(4.6)	28.9%
Amortisation PPA	(4.3)	(4.5)	(4.4%)
EBIT	95.8	103.8	(7.7%)
EBIT Margin	23.1%	24.5%
Equity Cons. Results and Depr. Fin. Assets	1.7	1.8	(4.4%)
Financial results	20.2	4.4	-
Pre-tax Profit	117.8	110.0	7.1%
Income Taxes	(22.0)	(23.6)	(7.0%)
Minority Interests	(0.8)	(1.0)	(15.7%)
Net Profit	95.0	85.4	11.2%
			Source: Company Data

Advertising revenues by sector H1 2022

Source: Infoadex

Other

-

CAPEX Allocation

Results Presentation – H1 2022

Third Party Fiction Co Production/Distribution Tangible & Intagible Fixed Assets

Weight of In-house Contents

Balance Sheet I

Balance Sheet I
EUR Mill.	Jun. 22	Dec. 21
Financial	586.6	745.6
Fixed Asstes	202.5	210.7
Audiovisual rights	139.7	142.3
Third parties	80.8	62.2
Fiction	28.2	50.8
Co-production / Distribution	30.7	29.3
Tax Asset	48.6	49.6
TOTAL NON-CURRENT ASSETS	977.4	1,148.2
Current assets	237.1	267.0
Financial investments and cash	393.2	293.1
TOTAL CURRENT ASSETS	630.3	560.0
TOTAL ASSETS	1,607.8	1,708.2
		Source: Company Data
Presentation – H1 2022

Balance Sheet II

Balance Sheet II
EUR Mill. Jun. 22	Dec. 21
Shareholders`equity 1,233.5	1,275.5
Non-current provisions 11.9	12.8
Tax Liabilities 62.7	58.9
Financial Debt 25.4	25.4
Non Current Other Liabilities 20.4	48.2
TOTAL NON-CURRENT LIABILITIES 120.4	145.3
Current payables 246.9	252.9
Other current liabilities 5.6	33.2
Current financial liabilities 1.5	1.3
	287.5
TOTAL CURRENT LIABILITIES 253.9
TOTAL LIABILITIES 1,607.8	1,708.2

Cash Flow

Cash Flow
EUR Mill.	H1 22	H1 21	Var € mill.
Initial cash position	266.3	123.2	143.1
Operating free cash flow	114.0	141.4	(27.4)
Operating cash flow	147.9	144.6	3.3
Net Investments (rights & other)	(58.0)	(50.2)	(7.8)
Change in working capital	24.1	47.0	(22.9)
Change in Equity	0.0	(1.3)	1.3
Financial investments/disinvestments	(36.1)	(109.6)	73.5
Dividends received	23.0	5.2	17.8
Dividend payments	(0.9)	(1.5)	(0.6)
Own stock purchase	0.0	(0.7)	0.7
Net Cash Change	100.0	33.5	66.6
Final cash position	366.4	156.7	209.7
			Source: Company Data

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Mario Sacedo | Loreto Antón | Sarah Moon Ctra. de Fuencarral a Alcobendas 4 28049 Madrid +34 91 396 67 83 investors@mediaset.es Statements contained in this document. particularly the ones regarding any Mediaset España possible or assumed future performance. are or may be forward looking statements and in this respect they involve some risks and uncertainties. Mediaset España actual results and developments may differ materially from the ones expressed or implied by the above statements depending on a variety of factors. Any reference to past performance of Mediaset España shall not be taken as an indication of future performance. The content of this document is not. and shall not be considered as. an offer document or an offer or solicitation to subscribe for. buy or sell any stock. The shares of Mediaset España may not be offered or sold in the United States of America except pursuant to an effective registration statement under the U.S. Securities Act of 1933. as amended. or pursuant to a valid exemption from registration

Results Presentation – H1 2022