Atresmedia Corporacion de Medios de Com. S.A.

Investor Presentation • Feb 27, 2025

ATRESMEDIA

FINANCIAL RESULTS FY24 + STRATEGIC OVERVIEW 2023-2026

1

FINANCIAL RESULTS FY24

HIGHLIGHTS FY24

+7.4%

2024: AN OUTSTANDING YEAR TOTAL REVENUES

AUDIENCE LEADERSHIP BACKED BY A POSITIVE AD MARKET

GROWTH IN ALL OUR DIVISIONS & DELIVERING SOLID MARGINS

EXCELLENT CASH POSITION & ATTRACTIVE SHAREHOLDER REMUNERATION

TV	26.4% Total individuals
DIGITAL	23.8 Mill users
RADIO	3.0 Mill/day
TOTAL AD	+4.2%
MARKET TV	+2.1%

RADIO

AUDIOVISUAL +4.5% +7.1% 1,018 M€(+4.8%) RADIO BEST SINCE 2019

EBITDA BEST SINCE 2019 178 M€

NET INCOME 120 M€

NET CASH POSITION 140 M€

OPERATIVE CASH FLOW/EBITDA

1x

DIVIDENDS PAID IN 2024 101 M€ (0.45 €/sh.)

+32%

Source: Kantar Media. Total Individuals 4+ 24h

Source: Kantar Media. Total Individuals 4+. PT

ATRESMEDIA RADIO LISTENERS EVOLUTION Thousands of listeners/day

		BEST SINCE 2021
		BEST SINCE 2015
MAS DE UNO con Carlos Alsina
Best audience ever: >1.6 Mill. listeners/day

6 FUENTE: ESTIMACIÓN INTERNA ENERO-JUNIO 2022. NACIONAL. Source: EGM Surveys Monday to Friday (,000) moving average

SPANISH ADVERTISING MARKET

Market in €mill % VAR YOY

HIGHLIGHTS FY24

+7.4%

2024: AN OUTSTANDING YEAR TOTAL REVENUES

AUDIENCE LEADERSHIP BACKED BY A POSITIVE AD MARKET

TV	26.4% Total individuals
DIGITAL	23.8 Mill users
RADIO	3.0 Mill/day
TOTAL AD MARKET	+4.2%
TV	+2.1%

RADIO

GROWTH IN ALL OUR DIVISIONS & DELIVERING SOLID MARGINS

1,018 M€(+4.8%)

EBITDA

BEST SINCE 2019

RADIO

BEST SINCE 2019

EXCELLENT CASH POSITION & ATTRACTIVE SHAREHOLDER REMUNERATION

NET CASH POSITION 140 M€

AUDIOVISUAL +4.5% OPERATIVE CASH FLOW/EBITDA

1x

178 M€ DIVIDENDS PAID IN 2024 101 M€ (0.45 €/sh.)

NET INCOME 120 M€ +32%

+7.1%

REVENUE, OPEX & EBITDA BY SEGMENT

In € mill

In € mill.

HIGHLIGHTS FY24

2024: AN OUTSTANDING YEAR TOTAL REVENUES

AUDIENCE LEADERSHIP BACKED BY A POSITIVE AD MARKET

GROWTH IN ALL OUR DIVISIONS & DELIVERING SOLID MARGINS

EXCELLENT CASH POSITION & ATTRACTIVE SHAREHOLDER REMUNERATION

TV	26.4% Total individuals
DIGITAL	23.8 Mill users
RADIO	3.0 Mill/day
TOTAL AD MARKET	+4.2%
TV	+2.1%
RADIO	+7.4%

1,018 M€(+4.8%) BEST SINCE 2019
AUDIOVISUAL	+4.5%
RADIO	+7.1%
EBITDA

BEST SINCE 2019

NET CASH POSITION 140 M€

OPERATIVE CASH FLOW/EBITDA

1x

178 M€ DIVIDENDS PAID IN 2024 101 M€ (0.45 €/sh.)

NET INCOME 120 M€ +32%

11

In € mill.

*Funds from Fever's stake sale: 58 M€

In € mill.

STRATEGIC OVERVIEW (2023-2026)

OUR AIM: LEADING DIGITAL PLATFORM FOR AUDIOVISUAL CONTENT IN SPANISH

1 CONSOLIDATING LEADERSHIP IN AUDIOVISUAL & RADIO

2024

BEST CONTENT LEADS TO…

…AUDIENCE LEADERSHIP

ATRESMEDIA & ANTENA 3: LEADING SPANISH AUDIENCES FOR LAST 3 YEARS

2024:

• PRIME TIME LEADER
• LEADER IN NEWS PROGRAMS
• BEST PLAYER IN FICTION & ENTERTAINMENT RADIO:

…UNIQUE COMMERCIAL POSITION

2024:

HIGHEST EVER PRICING POWER IN THE TV INDUSTRY ONGOING INNOVATION (ADDRESSABLE TV IN NEWS) PREMIUM PRICE IN ALL MEDIA

HIGHEST REVENUE PER LISTENER IN THE INDUSTRY CAGR REVENUE LAST 4 YEARS: +4%

MORE PRICING POWER

MORE TO COME 2025-2026

ENHANCING ADDRESSABLE TV

MAXIMIZING VALUE IN SOCIAL MEDIA

17

3 MAXIMIZING CONTENT EXPLOTATION CYCLE (360º STRATEGY)

MORE TO COME (2025-2026): EXTRACTING MAXIMUM VALUE TO 360º WINDOWING STRATEGY

4 CONTENT PRODUCTION POWERHOUSE

MORE TO COME (2025-2026):

NEW NAMES INTO THE PRODUCTION COMPANIES PORTFOLIO

ENLARGING IN-HOUSE PRODUCTION CAPACITY: HIGHER EFICIENCY AND SYNERGIES

CONTENT CREATION EXTENDED TO NEW PLATFORMS: DIGITAL NATIVE CONTENT (AC2ALITY) & ONDA CERO PODCASTS

5 DIVERSIFICATION 2.0 (MEDIA + CASH)

6 INTERNAL PROCESSES TRANSFORMATION

INCORPORATING READY-TO-IMPLEMENT ACTIONS FOR EFFICIENCY IMPROVEMENT (2024: 300 Actions identified of which 50% implemented or working in

progress)

NEW CORE SOFTWARE SYSTEMS

ERP: In operation by end 2025 Human Resources: 2023

AI APPLICATION INTO INTERNAL PROCESSES

(30 use cases: advertising inventory optimization, contextual advertising campaigns, Atresplayer recommendation system,…)

MORE TO COME (2025-2026): CONTINUING IN THE CORPORATE EFFICIENCY AS A PRIORITY

7 MAXIMIZING SHAREHOLDER'S RETURN In mill euros

DIVIDENDS PAID (Final 2023 + Interim 2024) 101 M€ (0.45 €/sh.) (Stock market + Divid.) ²⁰²⁴

11%

Dividend policy DIVIDEND YIELD TOTAL SHAREHOLDER RETURN

32%

Estimated Operating Cash Flow/ EBITDA

0.8x

Expected M&A • Digital • Content production

• Companies
• Live Experiences

80% PAY-OUT

• Other advertising platforms Exceptionally in 2024, >127% which includes cash-in from Fever's minor stake sale

MORE TO COME (2025-2026): CASH FLOW ALLOCATION TO M&A AND DIVIDENDS

GUIDANCE 2025

ATRESMEDIA_GUIDANCE 2025e

SPANISH AD MARKET

ATRESMEDIA TOTAL REVENUE

EBITDA MARGIN

SAME TREND

THAN IN 2024 LOW SINGLE DIGIT GROWTH

17-18%

NET FINANCIAL POSITION

50-75M€

FINAL DIVIDEND OF 2024 TO BE PAID IN JUNE 2025

(0.47 €/sh) 105 M€

INTERIM DIVIDEND OF 2025 TO BE DECIDED BY THE END OF 2025

ATRESMEDIA

Q&A

2 7 . 0 2 . 2 0 2 5

25