November 2014

A unique entertainment groupPay-TV Nordic Free-TV emerging

marketsPay-TV

emerging marketsnice entertainment

& radioFree-TV

Scandinavia

Norway

Sweden

Denmark

Estonia

Lithuania

Czech Republic

Latvia

Bulgaria

Hungary

Tanzania

Ghana

2

MTG in brief: an integrated and diversified TV operator….

44%

47%

9%

Advertising Subscription Other

28%

41%

31%

Emerging Markets Pay-TV Nordic Free-TV Scandinavia

Revenue split by type (2013) Revenue split by segment (2013)

…with a strong content arm and a digital focus. In 143 countries & reach >150m people

3

Q3 2014 Highlights

• Sales: +12% at constant FX & 5% organic

• EBIT (excl. associates) up 32% to SEK 215m

• Combined Nordic free and pay-TVoperations grew sales & profits by 7% & 11% respectively

• Combined EM free and pay-TV operations grew sales but profits down due to exceptional comps in the Czech Rep.

• Nice, MTGx, MTG Radio - strong organic sales growth & profitable

• New Russian Mass Media Law enacted –evaluating actions to comply and preserve stakeholders’ interests

4

Group perfomance: Record Q3 salesdrive profitable growth

Sales growth (y-o-y) EBIT (SEKm) and EBIT margin (%)

0

5

10

15

20

25

0

100

200

300

400

500

600

2012Q4

2013Q1

2013Q2

2013Q3

2013Q4

2014Q1

2014Q2

2014Q3

EBIT excl associated income & one-off items EBIT margin

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Q42012

Q12013

Q22013

Q32013

Q42013

Q12014

Q22014

Q32014

Sales growth at constant fx Organic sales growth5

The story: A uniquebusiness model with a bright future

A successful track record (10 y)

• 11% Sales CAGR

• 18% Ebit CAGR

• 27% ROCE (ave)

A unique platform

• Integrated & diversified

• Platform agnostic

• Decentralized

A bright future

• Content rich

• At the forefront of innovation & technology

• Strong cash flow & balance sheet

6

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Headlinemessage

3 rows

Combined Nordic free & pay businesses continue to grow• primarily organic• transition from linear to online

advertising & subscription revenues

Return to profitable growth following investments in• Viaplay• Content rights• Olympics

Nordic broadcasting Reigniting growth

-2%

0%

2%

4%

6%

8%

10%

2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3

Y/Y sales growth

-40%

-30%

-20%

-10%

0%

10%

2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3

Y/Y EBIT growth

Content

Long term value creation, based on clear growth strategy

Digital Geo expansion

Growth + value creation

Cost focus & operational excellence8

Content remains king and we are the biggest buyer in town

879,470

481,800394,200

297,840236,520 210,240

0100,000200,000300,000400,000500,000600,000700,000800,000900,000

1,000,000

MTG RTL Bonnier Mediaset CME Pro7

Total number of broadcast hours (2013)

9

Long term partnerships with relevant content providers

10

24: Live another day: cross collaboration

Season 1-8 Available

Season 9 US Premiere

Exclusive Premiere

24 hour promotion

Available on Catch-up

1 Month Before US Premiere US Premiere 1 Day after US

Premiere1 Day Before Free-

TV Premiere1 Week after US Premiere

1 Day after Free-TV Premiere

Premiere on Free-TV

11

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A scale contentplayer

#1 in the Nordics

with EM footprint & global distribution

capability

12

We are well-positioned as we have the content you love

13

We are well-positioned as we have the TV you love

14

We are well-positioned as we have the sports you love

15

Summary

Established track record - profitable growth and good TSR

A unique model - integrated, diversified & platform agnostic

Clear strategic direction - know where to play & how to win

Content rich - in a world with rising video consumption

Strong balance sheet - and long term owners

Still challenges ahead - but have made significant investments to future proof our business

16

MTG Investor relationsFor further information

visit www.mtg.comTel: +46 (0) 73 699 2714

Email: investors @mtg.com