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Investor Investor Presentation Presentation First quarter 2019 As of Third Quarter 2019 Disclaimer This press release contains forward-looking statements regarding the Company’s results and prospects. Actual results could differ materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in “Item 3. Key Information – Forward-Looking Statements” in the Company’s Annual Report on Form 20-F, which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 2 SNAPSHOT: Our Core Businesses Share of Consolidated Revenue LTM 3Q19 CONTENT CABLE A leading cable operator in Mexico Advertising Four broadcast channels Video: 4.3 million RGUs * Video in Mexico City and Broadband: 4.7 million RGUs affiliated stations Voice: 3.5 million RGUs throughout the country * Revenue generating units Voz Network Subscription 38% 26 pay-tv networks and 33% 74 feeds in Mexico and CABLE globally CONTENT Licensing & Syndication WiFi SKY Univision royalties, other licensing fees, and exports to over 75 20% CONTENT countries SKY SKY A leading DTH system in Mexico and broadband provider, also operating in Central America and the Dominican Republic Video: 7.4 million RGUs Broadband: 319 thousand RGUs Source: Grupo Televisa's public filings 3 SNAPSHOT: Highlights o Ps.100 billion in consolidated revenue in LTM 3Q19 o Consolidated Operating Segment Income (“OSI”) of Ps.41 billion in LTM 3Q19 o Investment grade. Average debt maturity over 17.3 years. Net-debt-to-OSI of 2.3x o Declining Capital Expenditures-to-Sales ratio from 27.6% in 2016 to 18.9% in LTM 3Q19 o 20.2 mm revenue generating units (RGUs) contributing with 65.3% of Consolidated OSI in LTM 3Q19 o Fastest growing broadband provider in the country in terms of new customers o Content production powerhouse. During the third quarter the top 10 watched programs were produced and transmitted by Televisa o Two thirds of Televisa’s equity is in the hands of institutional investors, mostly U.S. based o Publicly traded in the NYSE since 1993 and in the Mexican Stock Exchange since 1991 4 DEFINING TRENDS I. Highlights 3Q’19 II. Diversified revenue streams III. Growing operating cash flow IV. Untapped opportunities in growth markets V. Strong balance sheet 5 Highlights 3Q’19 Consolidated o Consolidated Sales and Consolidated Operating Segment Income, excluding the non-recurring licensing of certain rights of the World Cup in Latin America in 2018, increased 7.3% and 10.8%, respectively. Cable o Sales and Operating Segment Income grew 14.7%, both, reaching a margin of 42.4%. o Sales and Operating Segment Income in the MSO business grew 16.8% and 16.1%, respectively, adding 126 thousand RGUs. o Excluding the Axtel acquisition last year, organic top line growth in the MSO business was 9.7%. Sky o Sky added 19 thousand video RGUs. Broadband RGUs reached 319 thousand after the addition of 81 thousand RGUs. o Revenue and Operating Segment Income were negatively impacted by the difficult year-over-year comparison given the loss of video RGUs following the World Cup. Content o Our new series “La Usurpadora” delivered the highest ratings during the 9:30 p.m. time slot in our flagship channel, since September 2017. o Content Sales and Operating Segment Income, excluding the non-recurring licensing of certain rights of the World Cup in Latin America in 2018, were relatively flat. o Core private sector advertising revenue was up by 5.1%. Source: Grupo Televisa's public filings 6 Highlights 3Q’19 Consolidated Revenue Consolidated OSI Non-recurring licensing effect Ps. in billions Ps. in billions 10.8 0.6 1.01.0 25.8 10.0 9.6 9.7 23.7 24.0 9.3 22.8 22.3 8.3 19.8 8.0 18.8 7.5 17.4 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 Consolidated Sales, excluding non- Consolidated Operating Segment recurring licensing revenue, increased Income, excluding non-recurring licensing 7.3%. revenue, increased 10.8%. Source: Grupo Televisa's public filings 7 Highlights 3Q’19 o Ps. in billions Cable Revenue Strong top line growth: 15.3% CAGR* from 2013 in LTM 3Q’19 10.6 9.2 o OSI margins have expanded rapidly, reaching 42.9% 8.2 8.3 7.3 in LTM 3Q’19, up from 35.8% in 2013 5.3 o During 3Q’19 total net adds were 126 thousand, 3.9 4.4 year-over-year growth in RGUs was 14.3% Net Adds ('000) 4Q18 1Q19 2Q19 3Q19 Video 6 -9 11 -42 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 Broadband 81 89 73 19 Telephony 229 205 202 149 RGU Net Adds 316 285 286 126 Cable O.S.I. Ps. in billions 4.5 o After an important decline in capex, the Cable 3.9 segment is now free cash flow positive 3.4 3.5 3.0 o Over 15.0 million homes passed, of which more than 90% can receive broadband speeds of 100 2.0 Mbps 1.4 1.5 o Our Enterprise business has posted five consecutive quarters of growth, with revenues 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 expanding at a rate of 5.9% in 3Q’19. *Compound Annual Growth Rate Source: Grupo Televisa's public filings 8 Highlights 3Q’19 o As of 3Q’19, more than 7.7 million RGUs in Mexico Sky Revenue and Central America Ps. in billions 5.5 5.4 5.4 5.3 o 4.9 Second consecutive quarter growing video 4.5 subscribers, adding more than 19 thousand RGUs 4.1 3.7 o Revenue reached Ps.21.4 billion in LTM 3Q´19, contributing with 20.3% of consolidated revenue o OSI Margins have remained solid for more than 10 years, in spite of strong competition 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 o In 2018 we launched broadband services under the Blue Telecomm brand. In 3Q’19 we added 80.6 thousand broadband RGUs, reaching a total of 319 Ps. in billions Sky O.S.I. thousand 2.7 2.5 2.6 2.3 2.4 2.1 1.9 1.7 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 Source: Grupo Televisa's public filings 9 Highlights 3Q’19 Content Revenue o We are the leading producer of Spanish language Ps. in billions content in the world. Non-recurring licensing effect 8.8 8.6 8.7 8.7 o As of 3Q’19, excluding the non-recurring licensing 8.3 8.5 8.0 1.0 8.7 revenue, Content Revenue decreased 0.5% and OSI increased 0.1%. o Advertising sales decreased by 5.2%. The decline was mostly driven by lower government advertising revenue. Excluding the effect of the 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 World Cup, core private sector advertising revenue was up by 5.1%. Content O.S.I Ps. in billions o We continue updating our content offering: Non-recurring licensing effect • We are remaking some of Televisa’s most 4.2 4.4 4.0 4.0 iconic dramas with updated formats. 3.6 • We launched the second drama of The Dream 3.1 0.6 3.1 3.1 Factory Project, called Cuna de Lobos. The first one, La Usurpadora, achieved record ratings. • We launched The Masked Singer with great success. 3Q'12 3Q'13 3Q'14 3Q'15 3Q'16 3Q'17 3Q'18 3Q'19 Source: Grupo Televisa's public filings 10 Highlights 3Q’19 o #1 Morning, afternoon and prime time channel in Mexico FTA TV o Most watched shows (Mo-Fri): La Usurpadora, La Rosa de Guadalupe y Sin Miedo a la (Ch.2)Las Verdad 2 Estrellas o #1 Comedy Shows: Vecinos (Mo-Fri) / Una Familia de Diez 2 (Sun) o #1 Magazine show: Cuéntamelo Ya & Hoy oTelevisa’s Channel 2 and Channel 5 have as much audience as all pay TV channels Kids combined oMost successful animated content vs Free to air and Pay TV Channels o#1 morning newscasts with Despierta and Al aire con Paola News o#1 night newscast with En punto con Denise Maerker o8 out of 10 most watched soccer matches in local league Sports oMost watched night soccer show: Contacto Deportivo & Not. Televisa Deportes (Mo-Fri) / La Jugada (Sun) Movies oSome of the most successful movies in Free to air Television: No se aceptan devoluciones (Las Estrellas), Shrek 2 (Canal 5) y Nosotros los Nobles (Las Estrellas) oMost watched channel among women: Tlnovelas Televisa o#1 most watched movie network: De Película Networks o#1 most watched comedy channel: Distrito Comedia 11 DEFINING TRENDS I. Highlights 3Q’19 II. Diversified revenue streams III. Growing operating cash flow IV. Untapped opportunities in growth markets V. Strong balance sheet 12 DIVERSIFIED REVENUE STREAMS A strong position in our three core businesses Cable Revenue Sky Revenue Content Revenue Ps.