Grupo Televisa B : Investor Presentation WebsiteFourth Quarter 2022

Investor

Presentation

Fourth Quarter and Full Year 2022

2

2022 Highlights

CONSOLIDATED	• On January 31, 2022, we closed the combination of our media, content, and production assets
		with TelevisaUnivision.
	• Excluding the content assets combined with TelevisaUnivision for the full year, Revenue grew
		by 2.2%, while Operating Segment Income ("OSI") decreased by 4.7%.
	• Excluding World Cup related costs amortized in 2022, OSI would have fallen by 1.5%.
	• Successfully passed 875 thousand homes with fiber-to-the-home ("FTTH"), achieving more
CABLE		than 18.7 million homes passed.
•	more than 15.9 million.
	Strong organic growth of more than 1.3 million Revenue Generating Units (RGUs), reaching

• Revenue growth of 0.8% and OSI decline of 1.9% with a margin of 41.1%.

• MSO revenue and OSI grew 2.5% and 2.6% respectively, translating into a 42.9% margin.

• Total RGUs of 6.9 million, with almost 1.3 million net disconnections of which 402 thousand are

SKY	related to the clean-up of our video subscriber base.
• Revenue and OSI fell by 7.7% and 24.6%, respectively, for a 31.5% margin.
• Excluding World Cup related costs amortized in 2022, OSI would have declined by 13.6%,
	translating into a 36.1% margin.
OTHER	• Robust growth at our Other Businesses segment driven by the economic reopening.
• Strong revenue and OSI growth of 67.2% and 186.8%, respectively, for a 23.0% margin.

Televisa 2022 Results

• 2022 Revenue (in Ps. Millions)

10%

27%

63%

• 2022 OSI1 (in Ps. Millions)

6%

23%

71%

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	Revenue	Y/Y
Cable	48,411.8	0.8%
Sky	20,339.0	(7.7)%
Other Businesses	7,338.8	67.2%
Cons. Net Sales 75,526.6	2.2%

	OSI1	Y/Y
Cable	19,902.8	(1.9)%
Sky	6,416.3	(24.6)%
Other Businesses	1,691.0	186.8%
Total OSI	28,010.1	(4.7)%

1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense.

4

4Q22 Highlights

CONSOLIDATED	• Revenue grew by 1.4%, while Operating Segment Income ("OSI") decreased by 9.9%.
	• Excluding World Cup related costs amortized in 4Q22, OSI would have fallen by 2.6%.
CABLE	• Fourth consecutive quarter with more than 300 thousand RGUs net-adds, with 327 thousand.
	• Revenue growth of 1.4% and OSI decline of 5.7% with a margin of 40.6%.
	• MSO revenue and OSI grew 0.9% and 1.0% respectively, translating into a 44.0% margin.
SKY	• Revenue and OSI fell by 8.1% and 37.6%, respectively, for a 23.3% margin.
• Excluding World Cup related costs amortized in the quarter, OSI would have declined by 8.2%,
	translating into a 34.7% margin.
OTHER	• Robust growth at our Other Businesses segment driven by the economic reopening.
	• Strong revenue and OSI growth of 53.6% and 109.9%, respectively, for a 24.9% margin.

Televisa 4Q22 Results

• 4Q 2022 Revenue (in Ps. Millions)

10%

26%

64%

• 4Q 2022 OSI1 (in Ps. Millions)

8%

17%

75%

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	Revenue	Y/Y
Cable	12,463.3	1.4%
Sky	4,936.6	(8.1)%
Other Businesses 2,002.3	53.6%
Cons. Net Sales	19,132.3	1.6%

	OSI1	Y/Y
Cable	5,059.3	(5.7)%
Sky	1,151.6	(37.6)%
Other Businesses	499.2	109.9%
Total OSI	6,710.1	(9.9)%

1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense.