Investor Presentation November 2009 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a 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 “may”, “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 timing and sustainability of any stabilization and economic recovery in the markets in which we operate; the timing and impact of any additional investments we make in our Bulgaria and Ukraine operations; our effectiveness in implementing our strategic plan for our Ukraine operations or our Bulgaria operations; 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. Please see the Financial Review section of this presentation for a reconciliation to the most directly comparable GAAP financial measures. With respect to our segment financial information, we do not reconcile Segment net revenues and Segment EBITDA that are provided in local currency to their GAAP equivalents as the GAAP amounts included in our financial statements are expressed in US$.
2 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a We are the leading CEE broadcaster
. Market, audience and brand leadership
. Strong local content
. Twenty one television stations in seven markets
. Growing internet presence
. Solid medium-term organic growth expectations
. 15 years of leadership in the region
. Pan-regional portfolio
. Proxy for consumer spending growth
. Transparency of NASDAQ and Prague Stock Exchange listings
Core market Developing market
3 3 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a A new business model
Three operational divisions
Internet Broadcasting Content
Five revenue sources
Advertising Content Internet Sale of revenue Subscription product revenue management sales services
4 4 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a We are leaders in our core markets
Leadership charts for four of our core markets 1 January – 30 September 2009
Czech Republic - 15-54 Romania - 18-49 Urban Slovak Republic - 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
Nova Group CT Group Prima group Pro TV SA Intact Group Markíza JOJ Group STV 1.POP TV+Kanal A 1.SLO1 +SLO2
Sources: ATO Mediaresearch, TNS-AGB INTL, PMT/TNS SK
5 Core markets: Czech Republic, Romania, Slovak Republic, Slovenia and Croatia WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Local content drives station leadership
In our core markets, our leading stations have over 50% local prime time content
Top 20 shows in the Czech Republic - all channels September 2009 No. Title Channel Rating (15-54) Share (15-54) . Our stations produced 1,101 hours of TV 1 Ordinace v růžové zahradě 2 (series)* NOVA 21.0 56.24 fiction and 2,102 hours of reality and 2 Televizní noviny (news)* NOVA 19.4 68.68 3 Sportovní noviny (sports news)* NOVA 18.4 61.39 entertainment programming in 2009. 4 Česko Slovenská SuperStar (entertainment)* NOVA 18.3 49.92 5Počasí (weather)* NOVA 17.2 56.47 . We develop and produce original drama, 6Marečku, podejte mi pero! (comedy movie) NOVA 16.9 51.67 7Střepiny (current affairs)* NOVA 16.1 50.88 sitcoms, soaps, telenovelas and TV 8 Šifra mistra Leonarda (Da Vinci Code movie) NOVA 15.9 53.31 movies. 9 Asterix a Olympijské hry (comedy movie) NOVA 14.8 43.78 10 Víkend (current affairs)* NOVA 14.7 50.32 . Our local content outperforms acquired 11 Kriminálka Las Vegas (CSI Las Vegas) NOVA 13.6 49.21 12 Comeback (sitcom)* NOVA 13.5 39.50 programming and strengthens our library. 13 Kriminálka Miami (CSI Miami) NOVA 13.0 46.05 14 Hříšný tanec (Dirty Dancing movie) NOVA 12.0 48.08 15 Jen trošku štěstí (Just My Luck movie) NOVA 11.9 40.48 16 Daredevil (action movie) NOVA 11.7 42.33 17 Vyprávěj (series) ČT1 11.5 30.61 18 Strážce (The Sentinel movie) NOVA 11.5 38.83 19 Máma XXXL (Mother XXXL documentary) NOVA 11.4 49.79 20 Bekyně mniška (comedy movie) ČT1 11.0 27.10
Source: ATO Mediaresearch. For daily and weekly shows the audience shares and ratings are averages for the whole month. * Produced by TV Nova
6 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a … we focused on our mission: maintaining brand leadership
2009 Forecast All Day Audience Share and Market1 Share in core markets
1.7x 2.0x 2.0x 2.0x 1.6x
#1 #1 #1 #1 #2
Audience Share x Power Ratio = Market 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 and Peoplemeters Taylor Nelson Sofres. Revenue share: CME Segment Revenue data and CME estimates of market size. 1 Advertising revenues include spot revenues and sponsorship. 7 7 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a We have built the foundation for leadership in Internet
% 2% +46 +12
Legend: Daily Unique Visitors, Daily Video downloads
8 Source: CME WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a TV and Internet will be the winners from advertising spend growth
TV continues to have the broadest reach and capture the highest share of advertisers’ marketing budgets
9 9 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Ad spend per capita has significant growth headroom
Total advertising spend per capita in 2009
Source: CME estimates and GroupM Western Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK At average exchange rates for the year to September 30,2009
10 10 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Increase in high-end advertising fuels growth
TV Nova, Pro TV, Acasa, Pop TV, Nova Sport, Pro Cinema, TV Markíza, Studio Pro.BG, Advertiser Portfolio Kanal A, Nova TV Nova Cinema, Sport.ro, Doma2 1+1, Kino Ring.bg TV Pika3 MTV Czech1 MTV Romania
Slovak UK TV Czech Slovenia Bulgaria Romania (EU) Republic Croatia Ukraine Market Republic (EU) (EU) (EU) (EU) Finance, Automotive, Entertainment, 49% Media, Leisure, 29% 22% 37% 29% 38% 11% 29% Travel, Transport & Distribution Food, Telecoms, Cosmetics, 43% Toiletries, Household 63% 77% 62% 69% 60% 84% 48% & Cleaning products
8% Other 8% 1% 1% 2% 2% 5% 23%
100% Total 100% 100% 100% 100% 100% 100% 100%
Source: UK TV Market World Advertising Research Center (Marketing Pocketbook) and CME estimates (2008). 1 MTV Czech was launched November 2009 2 Doma was launched August 2009 3 11 We increased our ownership interest to 100% in September 2009 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Czech RepublicQ3 2009
Czech Republic TV stations: WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a In Q3 our markets reset at a new starting point
. GDP and advertising spend decline in our markets exceeded any forecast made at the beginning of 2009. . TV ad spending reset 30% lower than in 2008 to the level of 2007 and in some Crisis countries to the level of 2006. . We expected our markets to reach the bottom in Q3. We are there. . Our Q3 results reflect this resetting of the markets. . On October 15 we gave full year guidance for consolidated EBITDA of US$ 60 – 70 million.
. Facing the crisis, we have sought to protect our main values - brands, people and 2009 has been key products. the most . We strengthened our audience share in all core markets. . We increased market share in all core markets. difficult year in . We brought in strong partners who share our vision. CME history . We improved our liquidity by controlling operating costs, capex and refinancing US$ 545.5 million of debt. . We redefined CME as a vertically integrated media company.
Our markets are at the bottom. We learned a lot. 2010 We have built stronger positions than our competitors. Looking forward to 2010 and beyond when our markets return to growth, we believe in our ability to outperform.
13 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a GDP recovery should start in 2010 ….
GDP outlook
-15% -10% -5% 0% 5% 10%
Czech
Romania
Slovakia
Slovenia
Croatia
Ukraine
Bulgaria
2010 forecast 2009 forecast
14 1414 Source: CME estimates based on analyst consensus WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a … and advertising markets should follow
TV 2009 TV 2010 Internet 2009 Internet 2010 Forecast Forecast Forecast Forecast
Czech (23%) 6% 10% 15%
Romania (28%) 6% (13%) 32%
Slovakia (27%) 4% 0% 30%
Slovenia (20%) 4% (6%) 26%
Croatia (15%) 2% 10% 24%
Ukraine (30%) 19% 1% 39%
Bulgaria (25%) 5% (11%) 24%
15 15 15 Source: CME estimates in local currency WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Our strategy – create value in times of crisis
And stick to our priorities . Bring Ukraine and Bulgaria to break-even fast . Expand the multi-channel operating model We will base our future on our strengths . Integrate MediaPro Entertainment and grow
. People our content division . Brands . Double New Media traffic and increase . Low cost operational expertise revenues
. Audience leadership . Fuel our growth through disciplined organic . Market leadership expansion and partnerships
. Local content . Deliver positive free cash flow after interest . Growing New Media platform and taxes from core markets
. Maintain adequate liquidity . Deleverage
In 2010 we are prepared for recovery but we remain prudent
16 16 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a QuestionsCzech and RepublicAnswers
Czech Republic TV stations: WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a What are your markets?
Czech Republic Slovak Republic Bulgaria2 2008 Macro Data Romania (EU) Slovenia (EU) Croatia Ukraine (EU) (EU) (EU) Population 10.2m 21.3m 5.4m 2.0m 4.6m 45.9m 7.6m GDP/Capita $22,575 $8,983 $17,994 $27,864 $13,491 $3,928 $6,154 TV Ad Market Size 2008 $490m - $500m $465m - $475m $210m - $215m $100m - $105m $155m - $165m $450m - $460m $175 - $185m Forecast TV ad market decline in 2009 1 - 23% - 28% - 27% - 20% - 15% - 30% - 25%
Revenue by geography (2008) EBITDA by geography (2008)
Bulgaria Bulgaria (3%) Slovenia Croatia (2%) 0% Ukraine (12%) 9% Corporate (17%)
Net Revenue EBITDA US$1,019.9m US$296.9m
Source: CME estimates and Global Insight. 1 Local currency decline forecasted as at October 2009 2Pro.bg and Ring.bg were acquired in August 2008. 18 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a How do your markets compare to Western Europe?
Product prices are the same, advertising is cheap
CME countries: US$ 9.35 CME countries: US$ 14.46 UK and Germany: US$ 8.95 UK and Germany: US$ 14.61
$88.6 90 TV advertising spending per capita 2008 80
70
60 Opportunity: $51.4 $48.8 CME average 50 converges towards $39.4 Western European
US$ average 40 $35.5
30 $24.2 $22.0 $21.5 20 $9.9 10
0 Slovenia Czech Slovakia Croatia Bulgaria Romania Ukraine CME Western Republic Countries Europe1 Source: GroupM and CME estimates 1 Western Europe includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, The Netherlands, 19 Norway, Portugal, Spain, Sweden, Switzerland and the UK. WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a 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%
1 1 2 Advertising clients 2008 Advertising 3 Revenue share of Top 10 share of Revenue A shift towards new and under-represented advertising categories will drive future growth 1 MTV Czech was launched November 2009 2 Doma was launched August 2009 3 We increased our ownership interest to 100% in September 2009 20 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Why is your multichannel strategy important?
Our main station in each market supports profitable thematic channels
Mass Existing Content Cross Cross audience infrastructure optimisation promotion selling
6 100% 2 80% 3 2 4
60% 3 1 40%
Multichannel penetration % penetration Multichannel 20%
0% 1 2 Romania Bulgaria Slovenia Slovak Republic Czech Republic Ukraine Croatia No. of CME channels Source: CME estimates 1 Pro TV International is broadcast by satellite outside Romania 21 2 Studio 1+1 International is broadcast by satellite outside Ukraine WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a What does the multichannel environment look like?
Multichannel penetration is increasing as new technologies develop
Major Distribution Subscribers Channels Monthly cost Penetration 20082 Platforms Method ‘0001 available1 US$1 DTH Cable DTT BulSatCom DTH 350 50 7 22% 46% 1% Bulgaria CableTel Cable 220 70 13
Digi TV DTH 60 30 13 6% 11% 5% Croatia B.Net Cable 105 25 13
UPC Direct DTH 120 30 40 Czech Digi TV DTH Not published 37 15 SkyLink DTH 600 19 117 (one off fee) 19% 23% 12% Republic UPC C.R. Cable 681 16 12 FCATV Cable 45 17 11
Digi TV DTH 1,000 42 5 Focus Sat DTH 150 40 7 Dolce TV DTH 700 59 7 Romania Boom TV DTH 210 40 14 22% 70% - Akta DTH 75 43 9 UPC Romania Cable 1,000 42 10 RDS-RCS Cable 1,300 45 8
UPC Direct DTH 30 100+ 19 Digi TV DTH 299 46 14 18% 46% 2% Slovakia Skylink DTH 99 7 8 UPC Slovakia Cable 18 63 16
Total TV DTH 20 32 23 2% 45% 2% Slovenia UPC Telemach Cable 150 50 23
Volya DTH 150 36 5 Ukraine Viasat DTH 15 50 8 12% 29% - VoliaCable Cable 400 39 3
22 Source: Platform Company data. 1 Data collected May 2009. 2 CME estimates, primary source penetration of TV households. WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a What is broadband penetration in your markets?
Broadband penetration estimates in CME markets to 2013
Source: Forrester
23 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a When will you have to renew broadcast licenses? Broadcast license renewals
Slovak Bulgaria Croatia Czech Republic Romania Slovenia Ukraine Republic
History of .Analogue .Analogue .TV Nova .All licenses .TV Markíza .Analogue .Studio 1+1 renewals & license expires license expires terrestrial renewed on analogue licenses expire in analogue 15- renewal in 2025. in 2010. license expires rolling basis. license expires 2012. hour license process .Must-carry .License in 2025. in 2019. .Digital licenses (including prime digital license expected to be .Nova Sport .DOMA digital obtained. time) expires in obtained. tendered on cable/satellite license does 2016. renewal. license expires not expire. .Analogue off- in 2020. prime license .Nova Cinema expires in 2014. satellite license .Kino analogue expires in 2019 and satellite – digital license licenses expire obtained. 2010-1016 .MTV Czech satellite license expires 2021
Ownership of broadcast 80% 100% 100% 95% 100% 100% 100% license
24 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a 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 Allowed at any interval At 20 minute intervals for all for all other programs programs
Product placement Prohibited unless Not regulated specifically permitted by Member State
Member States must implement by end of 2009
25 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Station Review BroadcastCzech Republic operations
Czech Republic TV stations: WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Czech Republic WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Czech Republic
TV Nova, Nova Cinema and Nova Sport
Nova Audience Share 2008 Statistics TV Nova Nova Sport MTV Czech Cinema January – September 2009
Launched: 19941 2007 20022 2002 CT2
5% TV Nova Ownership: 100% 100% 100% 100% CT1 46% Licence expiry: 2025 2019 2020 2021 17%
Technical reach: 97% 38% 21% 23% Free-to-Air, Cable, Satellite Cable & Cable, Satellite Distribution method: Satellite & & Digital Satellite & IPTV Others Digital 14% Hours broadcast daily 24 16 24 24
Locally produced content: 38% 1% 3% N/A TV Prima (% of broadcast time) 16% Nova Cinema Prime-time locally produced content: Nova Sport 2% 57% 3% 4% N/A (% 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.
28 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Czech Republic
Prime Time Audience Share Trends 15-54 2008 2009 Audience share % share Audience
Week Source: ATO – Mediaresearch Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (CZK m) 937.4 1,171.9 (20%) 3,507.0 4,410.0 (20%) EBITDA (CZK m) 340.5 543.9 (39%) 1,657.4 2,443.3 (33%) Net revenues (USD m) 52.7 71.8 (27%) 178.9 269.2 (34%) EBITDA (USD m) 19.2 33.0 (42%) 84.0 149.3 (44%) EBITDA Margin % 36% 46% 47% 55%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 29 29 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Romania WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Romania
Pro TV, Acasa, Pro Cinema, Sport.ro, MTV Romania and Pro TV International1
Pro MTV Audience Share 2008 Statistics PRO TV Acasa Sport.ro2 Cinema Romania3 January – September 2009 Launched: 1995 1998 2004 2003 2002 Pro TV Ownership: 95% 95% 95% 95% 95% 20% License expiry: 2010-2018 Others 38% Technical reach: 99% 90% 75% 64% 56% Acasa Free-to-Air, Cable & Cable & Cable & Cable & 9% Distribution method: Satellite & Satellite Satellite Satellite Satellite Cable
Hours broadcast daily: 24 24 24 24 24 Sport.ro 2% Locally produced content: 48% 42% 21% 43% 55% Pro Cinema (% of broadcast time) 2% MTV Prime-time locally produced Kanal D 1% 51% 34% 1% 56% 46% 5% Antena 1 TVR 1 content (% of broadcast time): Prima TV 12% 4% 7%
Local audience ratings agency: TNS-AGB INTL Source: TNS-AGB INTL Prime Time Audience Target Group 18-49 Urban
1 Pro TV International is distributed by satellite outside Romania. 2 Acquired by CME in March 2007 and re-launched as Sport.ro in April 2007. 3 License for MTV Romania acquired in December 2007. Source: CME. 31 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Romania Prime Time Audience Share Trends 18-49 Urban 2008 2009 Audience share % share Audience
Week Source: GfK Romania Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (RON m) 105.9 140.6 (25%) 370.8 467.6 (21%) EBITDA (RON m) 22.3 48.9 (54%) 95.4 195.9 (51%) Net revenues (USD m) 35.9 59.0 (39%) 120.0 196.1 (39%) EBITDA (USD m) 7.6 20.4 (63%) 30.8 82.2 (62%) EBITDA Margin % 21% 35% 26% 42%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 32 32 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovak Republic WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovak Republic
TV Markíza and Doma
Audience Share 2008 Statistics TV Markíza Doma January – September 2009
Launched: 1996 2009 Markíza Ownership: 100% 100% Others 33% 24% Licence expiry: 2019 N/A
Technical reach: 99% 50%
Distribution method: Free-to-Air Cable & Satellite
Hours broadcast daily 24 24 Doma 0.1% Locally produced content: TV JOJ 27% N/A 22% (% of broadcast time) STV 1 STV 2 17% Prime-time locally produced content: 56% N/A 4% (% of broadcast time) Source: PMT / TNS SK Local audience ratings agency PMT / TNS SK Prime Time Audience Target Group 12+
Source: CME. .
34 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovak Republic Prime Time Audience Share Trends 12+ 2008 2009 Audience share % share Audience
Week Source: PMT /TNS SK Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (EUR m) 13.3 16.7 (20%) 49.5 60.3 (18%) EBITDA (EUR m) (1.5) 4.3 (135%) 5.9 20.5 (71%) Net revenues (USD m) 19.1 24.7 (23%) 67.5 88.0 (23%) EBITDA (USD m) (2.1) 6.3 (134%) 7.7 29.8 (74%) EBITDA Margin % (11%) 25% 11% 34%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 35 35 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovenia WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovenia
POP TV, Kanal A and TV Pika
Audience Share 2008 Statistics POP TV Kanal A TV Pika January – September 2009
Launched: 1995 19911 19982
POP TV Ownership: 100% 100% 100% Others 22% 32%
Licence expiry: 2012 2012 N/A
Technical reach: 96% 94% 66% TV3 7% Distribution method: Free-to-Air & Cable Free-to-Air & Cable Cable & Satellite
SLO 2 Hours broadcast daily 24 24 24 7%
Locally produced content: 32% 35% - KANAL A (% of broadcast time) SLO 1 14% 17% TV PIKA2 Prime-time locally produced content: 1% 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 increased our ownership interest to 100% in September 2009. Source: CME. 37 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Slovenia Prime Time Audience Share Trends 18-49 2008 2009 Audience share % share Audience
Week Source: AGB Nielsen Media Research Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (EUR m) 7.4 8.8 (17%) 30.4 35.7 (15%) EBITDA (EUR m) (0.8) 1.0 (178%) 6.5 11.2 (42%) Net revenues (USD m) 10.5 13.2 (20%) 41.4 54.6 (24%) EBITDA (USD m) (1.1) 1.5 (178%) 8.6 17.2 (50%) EBITDA Margin % (11%) 11% 21% 32%
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 38 38 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Croatia WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Croatia
Nova TV
Audience Share 2008 Statistics Nova TV January – September 2009
Launched: 20001 Others 10% Nova TV Ownership: 100% 26%
Licence expiry: 2010
Technical reach: 89% RTL 28% Distribution method: Free-to-Air, Satellite & Cable
Hours broadcast daily 22 HTV1 Locally produced content: 21% 35% (% of broadcast time) HTV2 Prime-time locally produced content: 15% 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.
40 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Croatia
Prime Time Audience Share Trends 18-49 2008 2009 Audience share % share Audience
Week Source: AGB Nielsen Media Research Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (HRK m) 34.6 40.2 (14%) 167.3 178.0 (6%) EBITDA (HRK m) (16.3) (21.7) 25% (1.0) (24.3) 96% Net revenues (USD m) 6.8 8.4 (20%) 30.8 37.7 (18%) EBITDA (USD m) (3.2) (4.5) 30% (0.4) (5.0) 92% EBITDA Margin % (47%) (54%) (1%) (13%)
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 41 41 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Ukraine WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Ukraine
STUDIO 1+1, KINO and Studio 1+1 International1
Audience Share 2008 Statistics STUDIO 1+1 KINO January – September 2009 Launched: 1997 19932 Studio 1+1 Ownership: 100%3 100% 12% Kino 1% 2016 (15 hours prime) Others TET Licence expiry: 2010 - 2016 2014 32% 2% (9 hours off prime)
Technical reach: 99% 53% Inter Free-to-Air, Satellite & 15% Distribution method: Free-to-Air & Cable Cable Hours broadcast daily 24 24 Locally produced content: 56% 17% Novy Kanal (% of broadcast time) Channel Ukraine 11% 8% STV ICTV Prime-time locally produced content: 35% 27% 11% 9% (% of broadcast time) Source: GFK USM Local audience ratings agency GFK USM Prime Time Audience Target Group 18-54
1 Studio 1+1 International is distributed by satellite outside Ukraine. 2 CME increased its ownership to 100% in February 2009. 3 CME increased its ownership to 100% of Studio 1+1 in October 2008. Source: CME
43 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Ukraine
Prime Time Audience Share Trends 18-54 (Population 50K+) 2008 2009 Audience share % share Audience
Week Source: Peoplemeters GFK USM Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (UAH m) 51.6 100.4 (49%) 117.1 373.8 (69%) EBITDA (UAH m) (95.3) (22.8) (159%) (318.5) (59.6) Nm1 Net revenues (USD m) 6.2 20.7 (70%) 14.3 75.4 (81%) EBITDA (USD m) (11.5) (7.6) (52%) (39.5) (12.3) (221%) EBITDA Margin % (185%) (37%) (277%) (16%)
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 1 Number not meaningful 44 44 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Bulgaria WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Bulgaria
Pro.BG and Ring.BG
Audience Share 2008 Statistics Pro.BG Ring.BG January – September 2009
Launched: 20071 19981 Pro.bg Ring.bg 3% 1% Others Ownership: 80% 80% Channel 1 17% 10% Licence expiry: 2025 Diemas channels Technical reach: 80% 59% 5%
Free-to-Air, Satellite & Satellite & Cable Distribution method: Cable
Hours broadcast daily 24 24 bTV 38% Locally produced content: 46% 8% (% of broadcast time) Nova TV 26% Prime-time locally produced content: 30% 37% (% of broadcast time) Source: TNS Bulgaria Local audience ratings agency TNS Bulgaria Prime Time Audience Target Group 18-49 Urban
Source: CME 1 Pro.BG (formerly TV2) and Ring.BG (formerly Ring TV) were acquired in August 2008.
46 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Bulgaria Prime Time Audience Share Trends 18-49 Urban 2008 2009 Audience share % share Audience
Week Source: TNS Bulgaria Three months ended 30 September Nine months ended 30 September Broadcast Operations 2009 2008 Growth % 2009 2008 Growth % Net revenues (BGN m) 1.3 0.6 104% 3.4 0.6 Nm1 EBITDA (BGN m) (16.6) (4.0) Nm1 (41.5) (4.0) Nm1 Net revenues (USD m) 0.9 0.5 100% 2.4 0.5 Nm1 EBITDA (USD m) (12.2) (3.0) Nm1 (29.4) (3.0) Nm1 EBITDA Margin % Nm1 Nm1 Nm1 Nm1
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 1 Number not meaningful 47 47 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Financial Review CzechHistorical Republic Financials
Czech Republic TV stations: WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Segment Results for the Quarter Q3 Segment Analysis – Net Revenues and EBITDA (US$ Millions) US$ millions Net Revenues EBITDA
Like-for-Like Like-for-Like (Broadcast & Non- Q3 2009 Q3 2008 Growth % 1 Q3 2009 Q3 2008 Growth % 1 broadcast) Growth Growth Czech Republic 53.8 72.6 (26%) (19%) 17.8 31.4 (43%) (39%) Romania 36.1 59.3 (39%) (25%) 6.6 20.1 (67%) (59%) Slovak Republic2 19.3 24.8 (22%) (19%) (2.7) 5.8 (146%) (146%) Slovenia 11.3 14.2 (21%) (17%) (1.2) 2.2 (155%) (154%) Croatia 6.8 8.5 (19%) (14%) (3.6) (5.4) 33% 28% Sub-total 127.3 179.4 (29%) (20%) 16.9 54.1 (69%) (55%) Ukraine3 6.3 20.7 (70%) (47%) (11.8) (7.8) (52%) (143%) Bulgaria 0.9 0.5 99% 102% (12.4) (3.1) (298%) Nm5 Sub-total 134.5 200.6 (33%) (22%) (7.3) 43.2 (117%) (118%) Central - - - - (7.1) (11.6) 39% 34% Total 134.5 200.6 (33%) (22%) (14.4) 31.6 (145%) (148%) Total EBITDA Margin4 (11%) 16% Represented By: Broadcast Operations 132.2 198.4 (33%) (22%) (3.4) 46.0 (107%) (108%) Non-Broadcast Operations 2.3 2.2 7% 18% (3.9) (2.8) (40%) (59%) Central - - - (7.1) (11.6) 39% 34%
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 by converting the Q3 2008 results from SKK into EUR at the average Q3 2008 rate and then translating the implied EUR figures into USD at the average Q3 2009 rate. 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 Q3 2008 results converted from USD to UAH at the average rate for Q3 2008. 4 Ratio of EBITDA to Net Revenues. 5 Number not meaningful.
The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. 49 49 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Segment Results for the year to September 30, 2009
YTD Segment Analysis – Net Revenues and EBITDA (US$ Millions) US$ millions Net Revenues EBITDA
Like-for-Like Like-for-Like (Broadcast & Non- 2009 2008 Growth % 1 2009 2008 Growth % 1 broadcast) growth growth Czech Republic 181.5 270.7 (33%) (20%) 81.2 146.4 (45%) (33%) Romania 120.6 197.1 (39%) (21%) 29.2 81.8 (64%) (54%) Slovak Republic2 68.1 88.1 (23%) (14%) 6.7 28.9 (77%) (74%) Slovenia 43.7 58.4 (25%) (16%) 9.1 17.4 (48%) (41%) Croatia 31.2 38.2 (18%) (6%) (1.4) (6.4) 79% 77% Sub-total 445.1 652.5 (32%) (18%) 124.8 268.1 (53%) (43%) Ukraine3 14.4 75.5 (81%) (69%) (40.1) (12.9) (211%) Nm5 Bulgaria 2.4 0.4 Nm5 Nm5 (29.7) (3.1) Nm5 Nm5 Sub-total 461.9 728.4 (37%) (22%) 55.0 252.1 (78%) (74%) Central - - - - (24.2) (35.0) 31% 28% Total 461.9 728.4 (37%) (22%) 30.8 217.1 (86%) (83%) Total EBITDA Margin4 7% 30% Represented By: Broadcast Operations 455.4 721.5 (37%) (22%) 61.9 258.3 (76%) (71%) Non-Broadcast Operations 6.5 6.9 (6%) 10% (6.9) (6.2) (13%) (33%) Central - - - - (24.2) (35.0) 31% 27%
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 by converting the 3Q YTD 2008 results from SKK into EUR at the average 3Q YTD 2008 rate and then translating the implied EUR figures into USD at the average 3Q YTD 2009 rate. 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 3Q YTD 2008 results converted from USD to UAH at the average rate for 3Q YTD 2008. 4 Ratio of EBITDA to Net Revenues. 5 Number not meaningful. 50 50The percentage growth and EBITDA margin figures have been derived from data included in our Form 10-Q for the period ended September 30, 2009. WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Full Year Segment Results
Full year Segment Analysis – Net Revenues and EBITDA (US$ Millions) Net Revenues EBITDA US$ millions Growth Like-for-Like Growth Like-for-Like 2008 2007 2008 2007 (Broadcast & Non-broadcast) % Growth1 % Growth1 Czech Republic 376.6 279.2 35% 15% 208.7 156.5 33% 15% Romania2 274.6 215.4 27% - 111.8 93.1 20% - Slovak Republic 132.7 110.6 20% 5% 50.2 41.5 21% 8% Slovenia 80.7 69.7 16% 10% 25.4 22.8 12% 9% Croatia 54.7 37.2 47% 36% (5.4) (13.9) 61% 64% Sub-total 919.3 712.1 29% 390.7 300.0 30% Ukraine 99.4 126.8 (22%) - (34.8) 23.5 - - 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 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 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-K for the year ended December 31, 2008.
51 51 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Year to date key financial measures
P&L (US$ m) Q3 YTD Q3 YTD Cash Flow (US$ m) Q3 YTD Q3 YTD 2009 2008 2009 2008 Operating (loss) / income before (24.4) 151.4 Cash flow from operations (22.4) 172.2 impairment charge Non-cash impairment charge (81.8) - Capital expenditure (33.7) (59.2)
Operating income (106.2) 151.4 Free Cash Flow (56.1) 113.0
Net Debt (US$ m) At Sep 30 At Dec 31 Liquidity (US$ m) At Sep 30 At Dec 31 2009 2008 2009 2008 Gross Debt1 (1,475.1) (1,109.8) Cash2 523.1 107.4
Cash 523.1 107.4 Undrawn facilities 37.0 307.0
Net Debt (952.0) (1,002.4) Liquidity 560.1 414.4
1 Gross debt includes Convertible Notes and 2009 Notes which mature in 2016 at full face value, not the accounting value, which reduces the amount of debt by $76 million to reflect the equity value implicit in the Convertible Notes and the original issue discount in the 2009 Notes. 52 522 Does not include $100 million investment by Igor Kolomoisky. The Ukraine transaction is expected to close in Q4 09. WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Summary Financial Results
Summary Consolidated Income Statement (US$ Millions)
Nine months ended 30 September US$ millions 2009 2008 Net revenues 461.9 728.4 Operating costs 96.8 108.2 Cost of programming 259.1 307.2 Depreciation and amortisation 54.3 65.1 Selling, general and administrative costs 76.1 96.5 Impairment charge 81.8 - Operating (loss) / income (106.2) 151.4 Net interest expense (68.9) (51.6) Foreign currency gain / (loss), Change in FV of derivatives 109.2 (19.3) Non-operating income 0.4 1.6 Income tax credit / (provision) 16.6 (19.5) Net (loss) / income from continuing operations (48.9) 62.6 Discontinued operations (0.2) (2.5) Net income attributable to noncontrolling interests 7.2 (1.5) Net (loss) / income attributable to CME Ltd. (41.9) 58.6
Please refer to our Form 10-Q for the period ended September 30, 2009 for the full financial statements and related notes and disclosures.
53 53 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Summary Financial Results
Summary Consolidated Balance Sheet (US$ Millions)
US$ millions As at 30 September 2009 As at 31 December 2008 Current assets 1,172.8 494.8 Non-Current assets 1,994.3 1,911.8 3,167.1 Total assets 2,406.6
Current liabilities 494.5 228.7 Non-current liabilities 1456.4 1,079.5 Total liabilities 1,950.9 1,308.2 Shareholders' equity 1,222.8 1,095.3 Noncontrolling interests (6.6) 3.1 Total liabilities & shareholders' equity 3,167.1 2,406.6
Cash & cash equivalents 523.1 107.4
Senior Debt, credit facilities and capital lease obligations1 (1,475.1) (1,109.8)
Net Debt (952.0) (1,002.4)
Cash and cash equivalents 523.1 107.4 Undrawn committed facilities 37.0 307.0 Liquidity 560.1 414.4
Please refer to our Form 10-Q for the period ended September 30, 2009 for the full financial statements and related notes and disclosures. 1 Senior debt includes Convertible Notes and 2009 Notes which mature in 2016 at full face value, not the accounting value, which reduces the 54 54amount of debt by $76 million to reflect the equity value implicit in the Convertible Notes and the original issue discount in the 2009 Notes. WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Summary Financial Results
Summary Cash Flow (US$ Millions)
Nine months ended Nine months ended US$ millions 30 September 2009 30 September 2008
Net cash generated from continuing operating activities (22.4) 172.2
Net cash used in continuing investing activities (65.9) (458.6)
Net cash received from continuing financing activities 492.0 386.1
Net cash used in discontinued operations – operating activities (1.3) (3.2)
Net cash used in discontinued operations – investing activities - (0.5)
Impact of exchange rate fluctuations 13.3 (13.2)
Net increase in cash and cash equivalents 415.7 82.8
Operating cash flow less capex (56.1) 113.0
Please refer to our Form 10-Q for the year ended September 30, 2009 for the full financial statements and related notes and disclosures.
55 55 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Equity structure at September 30, 2009
58% value 36,024,2731 Public Float 23% voting
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% 2 Lauder Family 11% value 6,312,839 Voted by Ronald Lauder as 40% voting general partner Apax Partners2 49.7% 7% value Voted by Ronald Lauder Time Warner 4,500,000
Class B 28% voting under voting agreement
18% value Total 10,812,839 68% voting
Total shares issued and outstanding 61,337,112 Options to purchase shares 1,875,750 Total shares issued plus options to purchase 63,212,862
1 Includes 4,775,227 unregistered shares held by PPF and Igor Kolomoisky. 2 Shares currently held in CME Holdco L.P. which is being dissolved. On dissolution of the partnership, the assets of the partnership will be distributed among the partners. Please see note 14 to our financial statements in our Form 10-Q filed on October 27, 2009 for additional information. 56 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Indebtedness as at September 30, 2009
USD millions Total Facility Source Drawn Undrawn Total facility (LC1 millions) LC Maturity Corporate: Convertible Notes 475.0 - 475.0 475 USD 2013 2007 Notes 219.6 - 219.6 150 EUR 2014 2009 Notes 644.3 - 644.3 440 EUR 2016 Cash pool - 14.6 14.6 10 EUR N/A Station level: Slovenia 32.9 - 32.9 22.5 EUR 2009-2010 Czech Republic 84.5 17.5 102.0 1,750.0 CZK 2010 Slovakia - 4.9 4.9 3.3 EUR N/A
Total 1,456.3 37.0 1,493.3 Lease Obligations 4.5 Currency Agreements 14.3 Total Debt (Consolidated)2 1,475.1 Less: Unrestricted Cash (523.1) Net Debt 952.0 Weighted average interest rate of gross debt 7.03%
1 LC: local currency 2 Senior debt includes Convertible Notes and 2009 Notes which mature in 2016 at full face value, not the accounting value, which reduces the amount of debt by $76 million to reflect the equity value implicit in the Convertible Notes and the original issue discount in the 2009 Notes. 57 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Full Year 2009 Guidance
% Like for like US$ m 2009 2008 % Change change Core Operations Revenues 670 - 675 919 (27%) (19%)
Core Operations Costs 475 528 (10%) (1%)
Core Operations EBITDA 195 - 200 391 (48%) – (50%) (43%) – (45%)
Developing Operations Revenues 32 - 35 101 (65%) – (68%) (47%) – (52%)
Developing Operations Costs 129 - 131 146 (10%) - (12%) 26% – 28%
Developing Operations EBITDA (94) – (99) (45) (108%) – (120%) (161%) – (175%)
Consolidated Revenues 702 - 710 1,020 (30%) – (31%) (21%) – (22%)
Segment Costs 604 - 606 674 (10%) 4% – 5%
Central Costs 36 49 (27%) (27%)
Consolidated EBITDA 60 - 70 297 (76%) – (80%) (74%) – (78%)
58 58 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a US GAAP Reconciliation
Net Revenues Reconciliation (US$ Millions)
Three months ended Nine months ended US$ Millions 30 September 30 September
2009 2008 2009 2008
All Stations:
Net Revenues - Broadcast Operations 132.2 198.4 455.4 721.5 Net Revenues - Non-Broadcast Operations 2.3 2.2 6.5 6.9 Net Revenues - Central - - - -
Net Revenues 134.5 200.6 461.9 728.4
Reconciliation to Consolidated Statement of Operations:
Consolidated Net Revenues 134.5 200.6 461.9 728.4
Net Revenues 134.5 200.6 461.9 728.4
Please refer to our Form 10-Q for the period ended September 30, 2009 for the full financial statements and related notes and disclosure.
59 59 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a US GAAP Reconciliation
EBITDA Reconciliation (US$ Millions)
Three months ended Nine months ended 30 September 30 September US$ Millions
2009 2008 2009 2008
All Stations:
EBITDA - Broadcast Operations (3.4) 46.0 61.9 258.3 EBITDA - Non-Broadcast Operations (3.9) (2.8) (6.9) (6.2) EBITDA - Central (7.1) (11.6) (24.2) (35.0) EBITDA (14.4) 31.6 30.8 217.1
Reconciliation to Consolidated Statement of Operations:
Operating (loss) / income (33.5) 7.2 (106.2) 151.4
Depreciation/amortization/impairment 19.1 24.4 137.0 65.7
EBITDA (14.4) 31.6 30.8 217.1
Please refer to our Form 10-Q for the period ended September 30, 2009 for the full financial statements and related notes and disclosure.
60 60 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a US GAAP Reconciliation
Full Year 2009 Guidance Reconciliation (US$ Millions)
US$ Millions Revenues EBITDA
2009 2008 2009 2008
Core operations 670-675 919 195-200 391
Developing operations 32-36 101 (94) – (99) (45)
Central - - (36) (49)
Total 702-711 1,020 60-70 297
We do not present a reconciliation of anticipated EBITDA to the US GAAP result for the year ended December 31, 2009 because we have a significant amount of debt that is denominated in Euros, and consequently our net earnings are subject to inherently unpredictable and potentially material foreign currency gains and losses. For a full reconciliation of EBITDA for the year ended December 31, 2008 to the nearest US GAAP result see Note 19 to the financial statements included in our Current Report on Form 8-K filed on July 6, 2009.
61 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Appendix Czech Republic
Czech Republic TV stations: WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a CME Management Team
Adrian Charles R Marijan Petr Sarbu Frank Jurenec Dvořak President and Chief Executive Officer Chief Financial Officer Senior Vice President Internet Senior Vice President Broadcasting
. General Director of TV Nova, .Over thirty years of . Member of CME Board from . 15 years TV experience Czech Republic since 2003 film and media 2001 to June 2009 . Founder partner of Tele59/POP TV . Former Executive Board Member of experience . Thirty years experience in . Directs Adriatic Region for CME PPF, responsible for media and .CME’s founding financial services sector banking acquisitions partner in Romania . Former First Vice President of EBRD
Anthony Mark Daniel Romana Chhoy Wyllie Penn Tomasova Senior Vice President Vice President General Counsel Vice President Corporate Strategic Planning & Operations Corporate Finance Communications
. 5 years media and emerging market . Senior executive positions in . Extensive media and emerging .Senior executive of CME since 2005 experience CME since 2000 market experience .Over 15 years experience in investor . Formerly with Ernst & Young and . Over 20 years experience in . Worked with Mayer, Brown & relations and communications in telco, Arthur Andersen in London and accounting and finance in Platt, in New York, Tashkent, financial services and media in Adelaide, managing a number of emerging markets Uzbekistan and London emerging markets complex and large advisory projects
63 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a CME Board
Ronald S Herbert A Alfred W Bruce Michael Lauder Granath * Langer * Maggin * Del Nin Non-Executive Chairman Vice Chairman, Chairman of the Director, Chairman of the Director, Chairman of the Director Corporate Audit Committee and Compensation Committee . International businessman Governance/Nominating member of the Corporate and member of the .Senior Vice President of and President of the Jewish International and Corporate Committee and the Related Governance/Nominating Corporate National Fund. Strategy at Time Warner Inc. Party Transactions Committee Committee and the Related Governance/Nominating .Formerly Senior Vice . Dedicated to long term, free market investment in and member of the Party Transactions Committee and the Audit President, Business Eastern Europe Compensation Committee Committee Committee Development at New Line Cinema. .Chairman Emeritus, ESPN, and . Former CFO of Solvadis, a .Currently a Principal of the H.A.M Senior Content Advisor, Callahan subsidiary of the German group Media group, an international Associates International MG Technologies. investment and advisory firm .Serving on the board of Veronis, . Independent consultant in specializing in the entertainment Suhler & Associates, Fund III financial and organizational and communications industries areas
Eric Igor Duco Caryn Seidman- Parm Paul Zinterhofer Kolomoisky Sickinghe * Becker* Sandhu Cappuccio Director Director Director, member of the Director, member of the Director Director Related Party Transactions Audit Committee . Partner at Apollo . International businessman with Committee .Chief Executive Officer of .Executive Vice President and Management, L.P. diversified interests both in CIS and .Founder of Arience Capital Unitymedia General Counsel of Time . Former member of the worldwide .Chief Executive Officer and .Formerly partner at Glenview .Member of the Executive Warner Inc. Committee of Cable Europe, the .Formerly a partner at the Corporate Finance . Controlling shareholder of Managing Director of Telenet. Capital Management Department at Morgan PrivatBank, one of the largest .20 years experience in the European Cable Washington, D.C., office of Communications Association Kirkland & Ellis Stanley Dean Witter & Co. Ukrainian banks technology and media industry .Board member of the . Major shareholder and member of .Member of the Board of the Supervisory Board of Ukrnafta, Directors of Zenitel NV Association of German Cable the largest Ukrainian oil and natural Operators gas company 64 * Directors determined as independent by the CME Board WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a Contacts
Prague Office
Kříženeckého nám. 1078/5 152 00 Prague 5 – Barrandov Czech Republic
Romana Tomasova [email protected] Vice President Corporate Communications
Telephone +420 242 465 524
65 WorldReginfo - bcb825d3-6958-425a-849c-7679980a557a