Investor Presentation June 2009 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Safe Harbour Statement
This presentation contains written or oral forward-looking statements, including those relating to our capital needs, business strategy, expectations and intentions. Statements that use the terms “believe”, “anticipate”, “expect”, “plan”, “target”, “prospect”, “estimate”, “intend” and similar expressions of a future or forward-looking nature identify forward-looking statements for purposes of the U.S. federal securities laws or otherwise. For these statements and all other forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy or are otherwise beyond our control and some of which might not even be anticipated. Forward-looking statements reflect our current views with respect to future events and because our business is subject to such risks and uncertainties, actual results, our strategic plan, financial position, results of operations and cash flows could differ materially from those described in or contemplated by the forward-looking statements. Important factors that contribute to such risks include, but are not limited to, the effect of the credit crisis and economic downturn in our markets as well as in the United States and Western Europe; decreases in television advertising spending and the rate of development of the advertising markets in the countries in which we operate; the impact of any additional investments we make in our Bulgaria, Croatia and Ukraine operations; our effectiveness in implementing our strategic plan for our Ukraine operations or our Bulgaria operations; the successful completion of our private placement transaction with an affiliate of Time Warner Inc.; our ability to make future investments in television broadcast operations; our ability to develop and implement strategies regarding sales and multi- channel distribution; changes in the political and regulatory environments where we operate and application of relevant laws and regulations; the timely renewal of broadcasting licenses and our ability to obtain additional frequencies and licenses; and our ability to acquire necessary programming and attract audiences. For a more detailed description of these uncertainties and other features, please see the “Risk Factors” section in our most recent Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date on when they were made and we undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.
Non-GAAP Financial Measures CME reports its financial results in accordance with generally accepted accounting principles in the United States (“GAAP”). However, management believes that certain non-GAAP performance measures, used in managing the business, may provide meaningful information about underlying trends in our business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, CME’s reported results prepared in accordance with GAAP. In our presentations for each of our segments we do not reconcile Segment net revenues and Segment EBITDA that are provided in local currency to their US GAAP equivalents as the US GAAP amounts included in our financial statements are expressed in US$.
2 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 We are the leading CEE broadcaster
Market, audience and brand leadership
Strong local content
Eighteen networks in seven markets
Growing internet presence
Sound balance sheet and liquidity
Strong medium-term growth expectations
15 years of experience in the region
Pan-regional portfolio
Proxy for consumer spending growth Established market Transparency of NASDAQ and Prague listings Developing market
3 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 We are leaders in our core markets1
Leadership charts for four of our leading markets 1 January – 31 March 2009 Czech Republic - 15-54 Romania - 18-49 Urban Slovakia - 12+ Slovenia - 18-49 Time Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun 06:00 06:30 07:00 07:30 08:00 08:30 09:00 09:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 13:30 14:00 14:30 15:00 15:30 16:00 16:30 17:00 17:30 18:00 18:30 19:00 19:30 20:00 20:30 21:00 21:30 22:00 22:30 23:00 23:30 00:00
NOVA Group CT Pro TV SA Kanal D Markíza JOJ Group POP TV + Kanal A SLO1 + SLO2
Intact Group Realitatea Media STV Sources: ATO Mediaresearch, TNS-AGB INTL, PMT/TNS SK, AGB Nielsen Media Research 4 1Core markets: Czech Republic, Romania, Slovak Republic, Slovenia and Croatia WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Local content drives station leadership
In core markets1, our leading stations have over 50% local prime time content
Our stations produced 28,000 Top 20 shows in the Czech Republic - All channels March 2009 hours of fiction, news, public No. Show Channel Share (15-54) Rating (15-54) 1 Ordinace v r ůžové zahrad ě 2 (local fiction)* NOVA 54.78 21.5 affairs and entertainment in 2 Medvídek (movie) NOVA 58.35 21.5 3 Televizní noviny (News)* NOVA 63.94 21.0 2008. 4 Sportovní noviny (sports news)* NOVA 61.83 20.5 5Výměna manželek (reality show)* NOVA 46.33 18.5 6Počasí (weather news)* NOVA 54.32 18.1 We develop and produce original 7 Comeback (local fiction)* NOVA 50.40 17.8 drama, sitcoms, soaps, 8Kameňák 3 (movie) NOVA 49.37 16.2 9Strěpiny (Local curent affairs)* NOVA 47.61 16.2 telenovelas and TV movies. 10 Pán domu (comedy action movie) NOVA 45.65 15.8 11 Next (movie) NOVA 46.22 15.5 12 Vikěnd (current affairs)* NOVA 45.24 15.4 Our local content outperforms 13 Kame ňák (movie) NOVA 48.05 15.0 14 Mission Impossible 3 (movie) NOVA 43.21 14.8 acquired programming and 15 Proč bychom se netopili (movie) ČT1 37.60 14.7 16 Kame ňák (movie) NOVA 47.39 14.6 strengthens our library. 17 Ďáblova lest (movie) ČT1 33.87 14.1 18 Kriminálka New York (series) NOVA 43.25 13.0 19 Druhá šance (reality show)* NOVA 39.56 12.4 20 Ulice (local fiction)* NOVA 46.39 12.1 Source: ATO Mediaresearch. For daily and weekly shows the audience shares and ratings are averages for the whole month. * Produced by TV Nova
1 Czech Republic, Romania, Slovakia and Slovenia and Croatia 5 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Leadership generates strong power ratios
2008 All Day Audience Share and Revenue1 Share
1.9x 1.9x
1.7x 2.3x
1.6x
1.4x
Audience Share x Power Ratio = Revenue Share
Sources: Audience share data: Croatia, AGB Nielsen Media Research; Czech Republic, ATO Mediaresearch; Slovak Republic, PMT/TNS SK ; Slovenia, Peoplemeters AGB Media Services; Romania, Peoplemeters Taylor Nelson Sofres and Ukraine, Peoplemeters GFK USM. Revenue share: CME Segment Revenue data and CME estimate of Segment market size. 1 Advertising revenues including spot revenue and sponsorship.
6 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 We are growing leadership in internet
1.8 million average daily unique users at end of March 2009 - 102% growth since 2008 1.6 million video downloads and streaming at end of March 2009, 73% growth year on year Collaboration with Microsoft in Slovenia and Croatia to cross-promote our websites Bulgarian operations became first in the market to launch live sport streaming, driving traffic Leadership in Romania and Slovenia in terms of unique users
Acquisition of Launch of Catch up TV All CME Jyxo and Blog.cz in Czech Republic
Launch of tn.cz Romanian news websites drive traffic
Holiday period Unique users (m) Unique users
2008 2009 Source: Gemius 7 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 TV is a stronger advertising medium in our markets
Breakdown of total advertising spend in 2008
Other Internet Radio Outdoor Print TV 100%
80%
60%
40%
20%
0% Romania Slovenia Bulgaria Croatia Slovak Czech Ukraine CME Western Source: Group M At December 31, 2008 exchange rates Republic Republic countries Europe Western Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK. 8 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Advertising intensity is still low
Total advertising spend / GDP in 2008
0.8%
0.7%
0.6%
0.5%
0.4%
0.3%
0.2%
0.1%
0.0% Slovenia Romania Slovak Czech Croatia Ukraine Bulgaria CME Western
Source: CME estimates, Group M, Global Insight Republic Republic countries Europe At December 31, 2008 exchange rates Western Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK 9 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Ad spend per capita has significant growth headroom
Total advertising spend per capita in 2008
300 $290.9
250
200
150 $108.2 100 $83.8 $88.5 $73.0 $46.7 50 $36.3 $43.6 $22.5
0 Ukraine Romania Bulgaria Croatia Slovak Slovenia Czech CME Western Republic Republic countries Europe Source: CME estimates, Group M, Global Insight At December 31, 2008 exchange rates 10 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Increase in high-end ads fuels growth
Pro TV, Acasa, TV Nova, Studio UK TV Pro Cinema, Pop TV, TV2, Advertiser Portfolio Nova Sport, TV Markíza Nova TV 1+1, Market Sport.ro, Kanal A Ring TV Nova Cinema Kino MTV Romania
Slovak Czech Slovenia Bulgaria Romania (EU) Republic Croatia Ukraine Republic (EU) (EU) (EU) (EU) Finance, Automotive, Entertainment, 49% 29% 22% 37% 29% 38% 11% 29% Media, Leisure, Travel, Transport & Distribution Food, Telecoms, Cosmetics, Toiletries, 43% 63% 77% 62% 69% 60% 84% 48% Household & Cleaners
8% Other 8% 1% 1% 2% 2% 5% 23%
100% 100% 100% 100% 100% 100% 100% 100%
Source: UK TV Market World Advertising Research Center (Marketing Pocketbook) and CME estimates (2008).
11 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 East/West structural disparities support convergence
TV advertising spending indices 2001-2008
Eastern Europe
Western Europe
Source: Group M At actual rates 1 Original stations comprise operations in Romania, Slovak Republic, Slovenia and Ukraine. CAGR = Compound Annual Growth Rate Eastern Europe: Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Slovak Republic, Slovenia and Turkey Western Europe: Austria, Belgium, Denmark, Finland, France, Ireland, Italy, Portugal, Spain, Sweden, UK 12 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 2009
13 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Riding out the storm
Business conditions in our markets in 2009 and 2010 will be harsh.
We believe the ad spend decline will bottom between Q3 2009 and Q1 2010.
The fundamentals supporting strong medium-term growth are unchanged.
We have the liquidity strength to sustain our core strengths.
Our leading assets will leverage growth when the markets rebound.
14 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Our goals for 2009 are clear
Maintain audience share leadership while reducing costs
Maximize and diversify revenue sources
Content Management Advertising Subscription Internet Distribution services
Sustain liquidity security
Ukraine, Review Reduce Time Warner Bulgaria revolving costs and Equity funding facilities capex solution
15 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 In a difficult Q1 we focused on our key tasks
Tasks Results
Improve liquidity Time Warner agreed investment of US$ 241m
Address funding issues of Ukraine and Various options under review Bulgaria
Increased prime time audience share in most Maintain leadership in core markets1 core markets between 1 – 2 percentage points
Stimulate ad spending by adjusting Increased advertising market share in all core sales policy markets between 1 – 4%
10% local currency cost reduction (excluding Reduce operating costs and capex Bulgaria); US$ 16m reduction in capex (67%)
New central function in place; 30% full year Restructure the corporate functions cost savings estimated
16 1 Core markets: Czech Republic, Romania, Slovak Republic, Slovenia, Croatia All comparisons are year on year WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Time Warner strategic partnership secures our liquidity
On 23rd March 2009, Time Warner and CME announced the investment of US$ 241.5m in CME by Time Warner. The market responded very positively to this announcement.
Benefits of CME – Time Warner Partnership
Will strengthen CME’s liquidity, expanding our operational and financial options
Will bring new resources for channel development – a key component of CME’s broadcasting strategy
Will complement CME’s content strengths
17 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Our strategy capitalizes on our strengths
Position to maximize growth when markets recover
18 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Q&A
19 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 What are your markets?
2008 Macro Czech Romania Slovak Slovenia Bulgaria1 Croatia Ukraine Data Republic (EU) (EU) Republic (EU) (EU) (EU)
Population 10.2m 21.3m 5.4m 2.0m 7.6m 4.6m 45.9m TV Ad Market $490m - $500m $465m - $475m $210m - $215m $100m - $105m $175 - $185m $155m - $165m $450m - $460m Size GDP/Capita $22,575 $8,983 $17,994 $27,864 $6,154 $13,491 $3,928
Segment Revenue by geography (2008) Segment EBITDA by geography (2008)
Bulgaria (3%) Croatia (2%) Ukraine (12%) Corporate (17%)
Net Revenue EBITDA US$1,019.9m US$296.9m
Source: CME estimates and Global Insight. 1 TV2 and Ring TV in Bulgaria were acquired in August 2008.
20 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Who are your advertising clients?
Czech Republic Slovak Republic Bulgaria (EU) Croatia Romania (EU) Slovenia (EU) Ukraine (EU) (EU)
31% 32% 29% 26% 36% 28% 36% Advertising clients 2008 Advertising Revenue share of TopRevenue share 10 Emergence of new advertising categories and local advertisers will drive future growth 21 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 How high are your costs?
2008 Cash opex per thousand viewers in US$’000
2,000
1,500 US$ 1,000
500
0 CME CME CME CME CME CME TF1 ProSieben ITV Ukraine Romania Czech R. Croatia Slovak R. Slovenia Sat1
Data calculated by CME based on 2008 all day ratings for each station and total broadcasting operating expenses (Revenue – EBITDA). Source: Bloomberg, CME, company annual reports. 22 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Why is your multichannel strategy important?
Our main network in each market supports profitable thematic channels
Mass Existing Content Cross Cross audience infrastructure optimisation promotion selling
Multichannel penetration is increasing as new technologies develop
5 2 2 1 3
2 1 Multichannel penetration % Multichannel penetration
No. of CME channels Source: Mediametrie / Eurodata TV Worldwide 23 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 What does the multichannel environment look like?
Major Distribution Subscribers Channels Monthly cost Penetration4 2008 Platforms Method ‘0001 available2 US$3 DTH Cable DTT BulSatCom DTH 120 40 6 16% 60% - Bulgaria CableTel Cable 320 92 12 Digi TV DTH 60 47 15 36% 16% - Croatia B.Net Cable 770 60 15 UPC Direct DTH 150 150 43 Czech Digi TV DTH 240 46 16 CS Link DTH 200 27 125 (one off fee) 15% 23% 6% Republic UPC C.R. Cable 267 40 19 Telefonica O2 Cable 62 61 28 Digi TV DTH 600 77 6 Max TV DTH 100 500 9 Focus Sat DTH 120 54 7 Romania Dolce TV DTH 400 76 6 14% 67% - Boom TV DTH 100 95 5 UPC Romania Cable 1,222 107 10 RDS-RCS Cable 1,202 72 8 UPC Direct DTH 22 42 19 Digi TV DTH 297 55 14 29% 43% - Slovakia Skylink DTH 80 76 145 (one off fee) UPC Slovakia Cable 262 31 7 Total TV DTH 9 26 25 17% 65% - Slovenia UPC Telemach Cable 150 90 26 NTV-Plus DTH 50 100 35 Ukraine MTG DTH Newly launched 60 10 4% 32% - VoliaCable Cable 900 164 10
Source: Informa and Platform Company data. 1 As at end 2007. 2 As at April 2008. 3 Basic package, as at April 2008. 4 Penetration of TV households.
24 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 When will you have to renew broadcast licenses?
Broadcast license renewals
Czech Slovak Bulgaria Croatia Romania Slovenia Ukraine Republic Republic
History of Analogue Analogue License All licenses Analogue Analogue Analogue 15 renewals & license license expires in renewed on license licenses expire hour license renewal expires in expires in 2025. rolling expires in in 2012. (including process 2010. 2010. Nova Sport basis. 2019. Digital licenses prime time) May be License license obtained. expires in extended for expected to expires in 2016. up to an be tendered 2020. Analogue off- additional 15 on renewal. Nova Cinema prime license years. satellite expires in license 2014. expires in 2019
Ownership of broadcast 80% 100% 100% 95% 100% 100% 100% license
25 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Are there any regulatory changes affecting your business?
New EU Directive PreviouslyPreviously
Commercial breaks Allowed every 30 mins Once every 45 minutes for during news, films, programs >45 minutes children’s programming or TV films
Ad breaks At least 20 minutes Allowed at any interval for all other programs
Product placement Some permitted on TV Banned shows
Member states must implement by end of 2009
26 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Station Review Broadcast operations 27 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Czech Republic TV Nova, Nova Cinema, and Nova Sport 28 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Czech Republic
TV Nova, Nova Cinema and Nova Sport
Nova Audience Share 2008 Statistics TV Nova Nova Sport Cinema January – March 2009
1 2 Launched: 1994 2007 2002 Ownership: 100% 100% 100% CT2 5% TV Nova Licence expiry: 2025 2019 2020 CT1 46% 18% Technical reach: 97% 21% 14% Free-to-Air, Cable, Cable & Distribution method: Satellite & Satellite & Satellite Digital Digital Others 12% Hours broadcast daily 24 16 24
Locally produced content: 38% 1% 3% (% of broadcast time) TV Prima 17% Nova Cinema 2% Prime-time locally produced content: 57% 3% 4% (% of broadcast time) Source: ATO Mediaresearch Prime Time Audience Target Group 15-54 Local audience ratings agency ATO Mediaresearch
Source: CME 1 Acquired by CME in May 2005. 2 Acquired by CME in September 2005.
29 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Czech Republic
Prime Time Audience Share Trends 15-54 2008 2009
Source: ATO – Mediaresearch
Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (CZK m) 1,185.4 1,443.6 (18%) 6,395.5 5,582.1 15% EBITDA (CZK m) 548.9 744.7 (26%) 3,638.0 3,142.9 16% Net revenues (USD m) 55.5 85.4 (35%) 374.1 278.8 34% EBITDA (USD m) 25.6 44.2 (42%) 212.6 157.4 35% EBITDA Margin % 46% 52% 57% 56%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
30 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Romania Pro TV, Acasa, Pro Cinema, Sport.ro, MTV Romania and Pro TV International 31 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Romania
Pro TV, Acasa, Pro Cinema, Sport.ro and MTV Romania
Pro MTV Audience Share 2008 Statistics PRO TV Acasa Sport.ro Cinema Romania2 January – March 2009
Launched: 1995 1998 2004 2003 2002 Ownership: 95% 95% 95% 95% 95% Pro TV 21% License expiry: 2009-2018 Others 36.5% Technical reach: 99% 90% 75% 64% 56% Free-to-Air, Cable & Cable & Cable & Cable & Distribution method: Satellite & Acasa Satellite Satellite Satellite Satellite Cable 10% Sport.ro Hours broadcast daily: 24 24 24 24 24 1.4% Pro Cinema Locally produced content: 48% 42% 21% 43% 55% 1.7% (% of broadcast time) Kanal D MTV 6% Antena 1 0.4% Prime-time locally produced Prima TV TVR 1 13% content (% of broadcast 51% 34% 1% 56% 46% 7% 3% time):
Local audience ratings TNS-AGB INTL Source: TNS-AGB INTL agency: Prime Time Audience Target Group 18-49 Urban
1 Acquired by CME in March 2007 and re-launched as Sport.ro in April 2007. 2 License for MTV Romania acquired in December 2007. Source: CME.
32 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Romania
Prime Time Audience Share Trends 18-49 Urban
2008 2009
Source: GfK Romania
Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (RON m) 115.9 141.2 (18%) 686.3 519.6 32% EBITDA (RON m) 25.1 57.5 (56%) 281.4 225.6 25% Net revenues (USD m) 35.6 57.8 (38%) 273.3 215.0 27% EBITDA (USD m) 7.5 23.6 (68%) 112.5 93.6 20% EBITDA Margin % 21% 41% 41% 44%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
33 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovak Republic TV Markíza and Nova Sport 34 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovak Republic
TV Markíza
Audience Share 2008 Statistics TV Markíza January – March 2009
Launched: 1996
Ownership: 100% Markíza Others 33% 23% Licence expiry: 2019
Technical reach: 99%
Distribution method: Free-to-Air
Hours broadcast daily 24 TV JOJ Locally produced content: STV 1 27% 22% 18% (% of broadcast time) STV 2 4% Prime-time locally produced content: 56% (% of broadcast time) Source: PMT / TNS SK Local audience ratings agency PMT / TNS SK Prime Time Audience Target Group 12+
Source: CME. .
35 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovak Republic
Prime Time Audience Share Trends 12+ 2008 2009
Source: PMT /TNS SK
Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (EUR m) 15.8 19.0 (17%) 2,824.7 2,676.7 6% EBITDA (EUR m) 3.1 6.7 (54%) 1,108.4 1,011.4 10% Net revenues (USD m) 20.5 26.2 (22%) 132.4 110.2 20% EBITDA (USD m) 4.0 9.4 (58%) 51.5 42.0 23% EBITDA Margin % 19% 36% 39% 38%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
36 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovenia POP TV and Kanal A 37 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovenia
POP TV and Kanal A
Audience Share 2008 Statistics POP TV Kanal A January – March 2009
Launched: 1995 19911
POP TV Ownership: 100% 100% Others 32% 21% Licence expiry: 2012 2012
Technical reach: 96% 94%
Distribution method: Free-to-Air & Cable Free-to-Air & Cable TV3 6% Hours broadcast daily 24 24 KANAL A SLO 2 14% Locally produced content: 6% 32% 35% TV PIKA2 (% of broadcast time) SLO 1 20% 1% Prime-time locally produced content: 52% 11% (% of broadcast time) Source: AGB Nielsen Media Research Local audience ratings agency AGB Nielsen Media Research Prime Time Audience Target Group 18-49
1 Kanal A was acquired by CME in October 2000. 2 We own a 20% interest in TV Pika. Source: CME. 38 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Slovenia
Prime Time Audience Share Trends 18-49
2008 2009
Source: AGB Nielsen Media Research Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (EUR m) 9.5 10.9 (12%) 51.8 48.8 6% EBITDA (EUR m) 2.3 3.1 (26%) 16.8 17.2 (2%) Net revenues (USD m) 12.4 16.5 (25%) 76.0 67.6 12% EBITDA (USD m) 2.9 4.7 (37%) 24.6 24.2 2% EBITDA Margin % 24% 28% 32% 36%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
39 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Croatia Nova TV 40 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Croatia
Nova TV
Audience Share 2008 Statistics Nova TV January – March 2009
1 Launched: 2000 Others Nova TV 9% 26% Ownership: 100%
Licence expiry: 2010
Technical reach: 89% RTL Distribution method: Free-to-Air, Satellite & Cable 29%
Hours broadcast daily 22 HTV1 23% Locally produced content: 35% (% of broadcast time) HTV2 13% Prime-time locally produced content: 54% (% of broadcast time) Source: AGB Nielsen Media Research Local audience ratings agency AGB Nielsen Media Research Prime Time Audience Target Group 18-49
Source: CME 1 Nova TV was acquired in July 2004.
41 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Croatia
Prime Time Audience Share Trends 18-49
2008 2009
Source: AGB Nielsen Media Research Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (HRK m) 57.3 54.5 5% 266.5 199.7 33% EBITDA (HRK m) 1.6 (12.7) - (16.2) (70.2) 77% Net revenues (USD m) 10.1 11.4 (12%) 54.1 36.9 47% EBITDA (USD m) 0.2 (2.6) - (3.5) (13.8) 75% EBITDA Margin % 2% (23%) (6%) (37%)
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
42 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Ukraine STUDIO 1+1, STUDIO 1+1 International and KINO 43 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Ukraine
STUDIO 1+1, and KINO
Audience Share 2008 Statistics STUDIO 1+1 KINO January – March 2009
1 Launched: 1997 1993 2 Studio 1+1 Ownership: 100% 100% 13% 2016 Kino (15 hours prime) 1% Licence expiry: 2010 - 2016 Others 2014 34% (9 hours off prime) Inter Technical reach: 99% 53% 16%
Free-to-Air, Distribution method: Free-to-Air & Cable Satellite & Cable Hours broadcast daily 24 24 Novy Kanal Locally produced content: 12% 56% 17% (% of broadcast time) Channel Ukraine ICTV 7% 10% STV Prime-time locally produced content: 35% 27% 9% (% of broadcast time) Source: GFK USM Local audience ratings agency GFK USM Prime Time Audience Target Group 18-54
1 CME acquired 100% of KINO in February 2009. 2 CME acquired 100% of Studio 1+1 in 2008. Source: CME
44 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Ukraine
Prime Time Audience Share Trends 18-54 (Population 50K+) 2008 2009
Source: Peoplemeters GFK USM
Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (UAH m) 39.9 119.9 (67%) 523.3 640.5 (18%) EBITDA (UAH m) (96.9) (12.6) (669%) (206.3) 121.2 - Net revenues 4.9 23.8 (79%) 99.3 126.8 (22%) EBITDA (12.0) (2.5) (379%) (33.2) 24.0 - EBITDA Margin % (246%) (11%) (33%) 19%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
45 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Bulgaria Ring TV and TV2 46 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Bulgaria
TV2 and Ring TV
Audience Share 2008 Statistics TV2 Ring TV January – March 2009
Launched: 20071 19981 TV2 Ring TV 2% 0%
Ownership: 80% 80% Others Channel 1 18% 10%
Licence expiry: 2010 Diemas channels 4% Technical reach: 80% 59%
Free-to-Air, Satellite Satellite & Cable Distribution method: & Cable bTV 41% Hours broadcast daily 24 24 Nova TV Locally produced content: 25% 46% 8% (% of broadcast time) Prime-time locally produced content: 30% 37% (% of broadcast time) Source: TNS Bulgaria Prime Time Audience Target Group 18-49 Local audience ratings agency TNS Bulgaria
Source: CME 1 TV 2 and Ring TV were acquired in August 2008.
47 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Bulgaria
Prime Time Audience Share Trends 18-49 Urban 2008 2009
Source: TNS Bulgaria
Three months ended 31 March Full year ended 31 December Broadcast Operations 2009 2008 Growth % 2008 2007 Growth % Net revenues (BGN m) 0.9 - - 1.8 - - EBITDA (BGN m) (10.0) - - (14.6) - - Net revenues (USD m) 0.6 - - 1.3 - - EBITDA (USD m) (6.7) - - (10.1) - - EBITDA Margin % - - (807%) -
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our form 10-K for the year ended December 31, 2008.
48 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Financial Review Historical Financials 49 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Segment Results for the Quarter
Q1 Segment Analysis – Net Revenues and EBITDA (US$ Millions) US$ millions Net Revenues EBITDA (Broadcast & Non- Like for like Like for like 2009 2008 Growth % 1 2009 2008 Growth % 1 broadcast) growth growth Czech Republic 56.1 85.6 (34%) (17%) 24.9 43.9 (43%) (28%) Romania 35.7 58.0 (38%) (18%) 7.1 23.4 (69%) (59%) Slovak Republic2 20.6 26.2 (22%) (17%) 3.7 9.1 (59%) (56%) Slovenia 13.1 18.0 (27%) (15%) 3.0 4.3 (31%) (18%) Croatia 10.2 11.5 (12%) 6% 0.0 (2.7) 98% 98% Sub-total 135.7 199.3 (32%) (16%) 38.7 78.0 (50%) (37%) Ukraine3 4.9 23.7 (79%) (79%) (12.3) (2.7) (356%) (356%) Bulgaria 0.6 - - - (6.7) - - - Sub-total 141.2 223.0 (37%) (24%) 19.7 75.3 (74%) (55%) Corporate - - - - (4.2) (9.8) 57% 57% Total 141.2 223.0 (37%) (24%) 15.5 65.5 (76%) (55%) Total EBITDA Margin4 11% 29% Represented By: Broadcast Operations 139.4 221.0 21.6 76.8 Non-Broadcast Operations 1.8 2.0 (1.9) (1.5) Corporate - - (4.2) (9.8)
1 The percentage movements displayed for Sub-totals are represented on a Like for Like basis, which reflects the impact of applying the current period average exchange rates to the prior period revenues and costs. It eliminates the impact of acquisitions and disposals. 2 Slovak Republic has used the EUR as its functional currency since January 1, 2009. Prior to that, its functional currency was the SKK. Slovak Republic local currency growth is calculated using the Q1 2008 results converted from SKK into EUR at the fixed conversion rate of 30.126, which is the rate at which the SKK was converted to EUR when Slovakia adopted the Euro on January 1, 2009. 3 Ukraine has used the UAH as its functional currency since January 1, 2009. Prior to that, its functional currency was the USD. Ukraine local currency growth is calculated using the Q1 2008 results converted from USD to UAH at the average rate for Q1 2008. 4 Ratio of EBITDA to Net Revenues.
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009. 50 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Full Year Segment Results Full year Segment Analysis – Net Revenues and EBITDA (US$ Millions)
US$ millions Net Revenues EBITDA Growth Local Currency Growth Local Currency 2008 2007 2008 2007 (Broadcast & Non-broadcast) % Growth1 % Growth1 Czech Republic 376.6 279.2 35% 15% 208.7 156.5 33% 14% Romania2 274.6 215.4 27% 32% 111.8 93.1 20% 24% Slovak Republic 132.7 110.6 20% 5% 50.2 41.5 21% 8% Slovenia 80.7 69.7 16% 9% 25.4 22.8 12% 7% Croatia 54.7 37.2 47% 36% (5.4) (13.9) 61% 65% Sub-total 919.3 712.1 29% 390.7 300.0 30% Ukraine (STUDIO 1+1) 96.7 125.3 (23%) (23%) (33.0) 27.0 - (222%) Ukraine (KINO, CITI3) 2.7 1.5 80% 80% (1.8) (3.5) 48% 48% Bulgaria 1.3 - - - (10.2) - - - Sub-total 1,020.0 838.9 22% 345.7 323.5 7% Corporate - - - - (48.8) (54.6) 10% - Total 1,020.0 838.9 22% 296.9 268.9 10% EBITDA Margin4 29% 32% Represented By: Broadcast Operations 1,010.4 835.3 354.4 327.4 Non-Broadcast Operations 9.6 3.6 (8.7) (3.9) Corporate - - (48.8) (54.6) 1 Local currency refers to the local functional currency for accounting purposes. 2 Romania has used the RON as its functional currency since January 1, 2008. Prior to that, its functional currency was the USD. Romania local currency growth is calculated by converting USD into RON at the average rate for the year ended December, 2007 and comparing it to 2008 RON. 3We sold our interest in the CITI channel in February 2009 and therefore the results of the CITI channel have been treated as discontinued operations in the financial statements for all periods presented. 4Ratio of EBITDA to Net Revenues. The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008.
51 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Q1 2009 Key financial measures
P&L (US$ m) Q1 2009 Q1 2008 Cash Flow (US$ m) Q1 2009 Q1 2008 Operating income before (2.7) 45.5 22.5 84.6 Cash flow from operations impairment charge
Non-cash impairment charge (81.8) - Capital expenditure (7.8) (23.7)
Operating (loss)/income (84.5) 45.5 Free cash flow 14.7 60.9
Net Debt (US$ m) At Mar 31 Dec 31 Liquidity (US$ m) At Mar 31 At Dec 31 2009 2008 2009 2008 Gross Debt1 (1,314.4) (1,109.8) Cash 306.6 107.4
Cash 306.6 107.4 Undrawn facilities 32.4 307.0
Net Debt (1,007.8) (1,002.4) Liquidity 339.0 414.4
1 Gross Debt includes Convertible Notes at the repayment value of US$ 475m rather than at the balance sheet value of US$ 383m 52 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Summary Financial Results
Summary Consolidated Income Statement (US$ Millions)
Quarter ended 31 March Full year ended 31 December US$ millions 2009 2008 2008 2007 Net revenues 141.2 223.0 1,020.0 838.9 Operating costs 29.4 33.0 145.2 116.9 Cost of programming 74.9 94.1 438.2 327.2 Depreciation and amortisation 17.8 19.8 87.0 57.6 Selling, general and administrative costs 21.8 30.6 140.6 126.7 Impairment charge 81.8 - 336.8 - Operating (loss) / income (84.5) 45.5 (127.8) 210.5 Net interest expense (20.7) (13.0) (58.5) (49.3) Foreign currency gain / (loss), Change in FV of derivatives 45.4 (27.7) (31.5) (38.1) Non-operating income 0.1 0.6 2.6 7.9 Income tax credit / (expense) 13.0 10.3 (34.5) (20.8) Minority interest in income of consolidated subsidiaries - - (2.1) (17.2) Net (loss) income from continuing operations (46.7) 15.7 (251.8) 93.0 Discontinued operations (0.2) (0.8) (3.7) (4.4) Net income attributable to noncontrolling interests 2.5 (0.5) - - Net (loss) / income attributable to CME Ltd. (44.4) 14.4 (255.5) 88.6
Please refer to our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008 for the full financial statements and related notes and disclosures.
53 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Summary Financial Results
Summary Consolidated Balance Sheet (US$ Millions)
US$ millions As at 31 March 2009 As at 31 December 2008 Current assets 642.2 494.7 Non-Current assets 1,682.3 1,911.9 Total assets 2,324.5 2,406.6 Current liabilities 242.5 228.7 Non-current liabilities 1,244.8 1,079.5 Total liabilities 1,487.3 1,308.2 Shareholders' equity 836.6 1,095.3 Noncontrolling interests 0.6 3.1 Total liabilities & shareholders' equity 2,324.5 2,406.6
Cash & cash equivalents 306.6 107.4
Senior Debt, credit facilities and capital lease obligations (1,314.3) (1,109.8)
Net Debt (1,007.7) (1,002.4)
Cash and cash equivalents 306.6 107.4 Undrawn committed facilities 32.4 307.0 Liquidity 339.0 414.4
Please refer to our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008 for the full financial statements and related notes and disclosures.
54 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Summary Financial Results
Summary Cash Flow (US$ Millions)
Quarter ended 31 March Full year ended 31 December US$ millions 2009 2008 2008 2007
Net cash generated from continuing operating activities 22.5 84.6 135.6 106.7
Net cash used in continuing investing activities (29.9) (23.6) (588.8) (235.9)
Net cash received from continuing financing activities 224.8 398.2 444.6 135.5
Net cash used in discontinued operations – operating activities (1.3) (2.3) (5.4) (7.5)
Impact of exchange rate fluctuations (17.0) (5.2) (21.4) (1.9)
Net increase in cash and cash equivalents 199.1 451.7 (35.4) (3.1)
Operating cash flow less capex 14.7 60.9 56.9 26.8
Please refer to our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008 for the full financial statements and related notes and disclosures.
55 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Equity structure as at March 31, 2009
Quoted on NASDAQ & Prague Stock Exchange 85% value 36,024,273* 36% voting CME Stock included Class A in MSCI & Russell 1000 Indices
Ronald Lauder and 50.3% Lauder Family 15% value Voted by Ronald Lauder 6,312,839 64% voting under voting agreement
Class B Apax Partners 49.7%
Total shares issued and outstanding 42,337,112 Options to purchase shares 1,425,917 Total shares issued plus options to purchase 43,763,029
* Includes 4,775,227 unregistered shares held by PPF and Igor Kolomoisky
56 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Pro forma equity structure following Time Warner
58% value Quoted on NASDAQ & 36,024,273* 23% voting Prague Stock Exchange
24% value Voted by Ronald Lauder Time Warner 14,500,000 9% voting under voting agreement Class A 82% value Total 50,524,273 32% voting
Ronald Lauder and 50.3% Lauder Family 11% value 6,312,839 Voted by Ronald Lauder 40% voting under voting agreement Apax Partners 49.7% 7% value Voted by Ronald Lauder Time Warner 4,500,000 28% voting under voting agreement Class B
18% value Total 10,812,839 68% voting
Total shares issued and outstanding 61,337,112 Options to purchase shares 1,425,917 Total shares issued plus options to purchase 62,763,029
* Includes 4,775,227 unregistered shares held by PPF and Igor Kolomoisky 57 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Indebtedness as at March 31, 2009
USD millions LC1 millions Source Drawn Undrawn Total facility Total facility LC Maturity Corporate: EBRD revolving loan agreement 199.7 - 199.7 150 EUR 2009-2011 Senior notes - fixed 326.0 - 326.0 245 EUR 2012 Senior Convertible Notes 475.0 - 475.0 475 USD 2013 Senior notes - floating 199.7 - 199.7 150 EUR 2014 Station level: Slovenia 34.9 - 34.9 26.3 EUR 2009-2010 Czech Republic 70.5 14.6 85.1 1,750.0 CZK 2010 Cash pool 0.2 - 0.2 0.2 USD N/A
Unused overdraft facilities - 17.8 17.8 Total 1,306.0 32.4 1,338.4 Lease Obligations 4.6 Currency Agreements 3.8 Total Debt (Consolidated)2 1,314.4 Less: Unrestricted Cash (306.6) Net Debt 1,007.8 Weighted average interest rate 5.65%
1 LC: local currency 2 Total Debt includes Convertible Notes at the repayment value of US$ 475m rather than at the balance sheet value of US$ 383m
58 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Pro forma indebtedness following Time Warner investment
USD millions LC1 millions Source Drawn Undrawn Total facility Total facility LC Maturity Corporate: EBRD revolving loan agreement 199.7 - 199.7 150 EUR 2009-2011 Senior notes - fixed 326.0 - 326.0 245 EUR 2012 Senior Convertible Notes 475.0 - 475.0 475 USD 2013 Senior notes - floating 199.7 - 199.7 150 EUR 2014 Station level: Slovenia 34.9 - 34.9 26.3 EUR 2009-2010 Czech Republic 70.5 14.6 85.1 1,750.0 CZK 2010 Cash pool 0.2 - 0.2 0.2 USD N/A
Unused overdraft facilities - 17.8 17.8 Total 1,306.0 32.4 1,338.4 Lease Obligations 4.6 Currency Agreements 3.8 Total Debt (Consolidated)2,3 1,314.4 Less: Unrestricted Cash3,4 (546.6) Net Debt 767.8 Weighted average interest rate 5.65%
1 LC: local currency 2 Total Debt includes Convertible Notes at the repayment value of US$ 475m rather than at the balance sheet value of US$ 383m 3 Assumes no changes to cash or debt. 4 Assumes net proceeds of approximately US$ 240 m .
59 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 US GAAP Reconciliation
Net Revenues Reconciliation (US$ Millions)
Three months Full year US$ Millions ended 31 March ended 31 December
2009 2008 2008 2007
All Stations:
Net Revenues - Broadcast Operations 139.4 221.0 1,010.4 835.3 Net Revenues - Non-Broadcast Operations 1.8 2.0 9.6 3.6 Net Revenues - Corporate - - - -
Net Revenues 141.2 223.0 1,020.0 838.9
Reconciliation to Consolidated Statement of Operations:
Consolidated Net Revenues 141.2 223.0 1,020.0 838.9
Net Revenues 141.2 223.0 1,020.0 838.9
Please refer to our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008 for the full financial statements and related notes and disclosures.
60 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 US GAAP Reconciliation
EBITDA Reconciliation (US$ Millions)
Three months Full year ended 31 March ended 31 December US$ Millions
2009 2008 2008 2007
All Stations:
EBITDA - Broadcast Operations 21.6 76.8 354.4 327.4 EBITDA - Non-Broadcast Operations (1.9) (1.5) (8.7) (3.9) EBITDA - Corporate (4.2) (9.8) (48.8) (54.6) EBITDA 15.5 65.5 296.9 268.9
Reconciliation to Consolidated Statement of Operations:
Operating (loss) / income (84.5) 45.5 (127.8) 210.5
Depreciation/amortization/impairment 100.0 20.0 424.7 58.4
EBITDA 15.5 65.5 296.9 268.9
Please refer to our Form 10-Q for the period ended March 31, 2009 and our Form 10-K for the year ended December 31, 2008 for the full financial statements and related notes and disclosures.
61 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Appendix
62 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 CME Management Team
Adrian Wallace Marijan Sarbu Macmillan Jurenec President and Chief Operating Officer Chief Financial Officer Regional Director
Over 25 years film and media Over 20 years of media industry 15 years TV experience experience experience Founder partner of Tele59/POP Founded MediaPro Group, the largest Formerly CFO EMI's Virgin Sector / TV media group in Romania Latin American / South East Asian Directs Adriatic Region for CME CME’s founding partner in Romania regions and VP Finance EMI Recorded Music Division
Mark Daniel Romana Wyllie Penn Tomasova
Vice President General Counsel Vice President Corporate Corporate Finance Communications Extensive media and emerging Extensive experience in finance market experience Over 10 years of experience in and accounting Worked with Mayer, Brown & marketing and communications Formerly Finance Director for Platt, in New York, Tashkent, Formerly managing communications Asia and Eastern Europe for Uzbekistan and London and investor relations in PPF, United Biscuits Contactel and Czech Telecom MBA from University of Chicago
63 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 CME Board
Alfred W Ronald S Herbert A Charles R Herbert Bruce Langer * Lauder Granath * Frank * Kloiber * Maggin * Director, Chairman of Non Executive Vice Chairman, Chairman of Director, Chairman of Director, and member Director, Chairman of Audit Committee and Chairman Nominating Committee and Related Party Transactions of Nominating Compensation member of Compensation Committee and member of Committee and Related member of Nominating Committee International businessman Committee and Related Audit Committee and Party Transactions Committee and Related and member of Committee and President of the Party Transactions Compensation Committee Party Transactions Nominating Committee Jewish National Fund. Committee Committee Chairman and majority Dedicated to long term, Non-executive member of the Currently a Principal of the free market investment in shareholder of Tele München H.A.M Media group, an Chairman Emeritus, ESPN, and board of Mittal Steel Galati Former CFO of Solvadis, a Eastern Europe Group international investment Senior Content Advisor, Callahan Former Vice President of the subsidiary of the German Serving on the board of the and advisory firm Associates International European Bank for group MG Technologies. Bavarian Film Funding specializing in the Serving on the board of Veronis, Reconstruction and Independent consultant in Organization, Chairman of the entertainment and Suhler & Associates, Fund III Development financial and organizational Board of CineMedia Film AG, areas communications CinemaxX AG and ATV+ industriesarial
Igor Ann Christian Eric Frank Duco Olaf Kolomoisky Mather * Stahl Zinterhofer Ehmer Sickinghe * Olafsson Director Director Director, Member of Audit Director Director Director Director Committee and International businessman Related Party Partner at Apax Partners Partner at Apollo Currently with Apax Chief Executive Officer Executive Vice President with diversified interests Transactions Committee from 1999 leading media Management, L.P. Partners, London and Managing Director of Time Warner both in CIS and worldwide group Former member of the Previously with of Telenet. Founder and former Controlling shareholder of Formerly Executive Vice Formerly with Bain and Co. Corporate Finance Highbridge Hedge fund 20 years experience in President and Chief PrivatBank, one of the President, Chief Financial MBA from INSEAD Department at Morgan MBA from Harvard the technology and Executive Officer of largest Ukrainian banks Officer, Company Secretary Stanley Dean Witter & media industry Sony Entertainment Major shareholder and for Pixar Co. Member of the Board of Interactive, Inc. member of the Supervisory Former Vice President and Directors of Zenitel NV Board of Ukrnafta, the Chief Financial Officer at largest Ukrainian oil and Village Roadshow pictures natural gas company Serving on the Board of Google as Chairwoman of Audit Committee * Directors determined as independent by the CME Board
64 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321 Contacts
Prague Office
Kříženeckého nám. 1078/5 152 00 Prague 5 – Barrandov Czech Republic
Romana Tomasova [email protected] Vice President Corporate Communications
Telephone +420 242 465 525
65 WorldReginfo - 0bdeb891-c7ab-4274-8336-e1376f04b321