Investor Presentation

Fourth Quarter 2019 at a Glance

2019 Share of Revenue and OSI*

CABLE CONTENT A leading cable Advertising operator Four broadcast channels in in and affiliated stations Video throughout the country 4.3 millon RGUs Network Subscription 25 pay-tv networks Broadband 4.7 millon RGUs Licensing & Syndication 43% royalties, other 31% OSI* 39% Voice licensing fees, and exports % OSI* 3.6 millon RGUs to over 70 countries 33 Cable Content

22% OSI* SKY A leading DTH system in Mexico and broadband provider, also operating in Central America and the Dominican 20% Republic Sky Video: 7.4 millon RGUs Broadband: 386 thousand RGUs *Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense, net. For a RGUs: Revenue Generating Units. DTH: Direct to Home reconciliation of total operating segment income with consolidated operating income, see Note 25 to our year-end consolidated financial statements. 2 2019 Operating Highlights The transformation of Televisa continued in 2019 with many milestones

• Double digit growth in Revenue and Operating Segment Income • Reached 12.7 million Revenue Generating Units (RGUs)

• Solid operating metrics with low churn CABLE • Positioned IZZI as the premier aggregator of OTT offers

• Resumed growth in video RGUs with positive net adds each of

the last three quarters SKY • Continued building scale in the broadband business

• Launched new, innovative formats with great success • Reassigned resources and increased production values • Achieved strong viewership levels

CONTENT • Launched TUDN, a sports JV with Univision

3 2019 Consolidated Financial Results Steady Revenue and OSI1 growth, declining capital intensity

Revenue OSI1 Ps. in billions Ps. in billions

101.3 101.5 96.3 94.3 88.1 41.0 80.1 40.3 38.9 37.5 35.7 32.3 non-recurring licensing of certain rights of the World Cup

2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019

• Consolidated revenue growth of 3.0% and OSI1 growth of 5.4%* • Ongoing financial discipline with cost and expenses declining by Ps.579 million • Strong balance sheet: Net Debt to OSI1 of 2.3x and average maturity of 16.9 years

4 1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense. *Excludes the non-recurring licensing of certain rights of the World Cup 4Q’19 Consolidated Financial Results Fastest pace of growth in Operating Segment Income (OSI1) in five quarters Revenue OSI1 Ps. in billions Ps. in billions

28.0 27.3 26.7 26.0 24.0 25.0 11.1 10.9 10.4 9.9 9.9 10.2

4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 4Q´19 4Q'14 4Q'15 4Q'16 4Q'17 4Q´18 4Q´19

• Revenue and OSI1 growth of 4.7% and 6.6%, respectively • Stabilization of ad sales during the quarter, and US$101 million in Univision royalties • Cable added 115 thd. RGUs, a sequential improvement vs 3Q’19 • Sky added 67 thd. broadband RGUs and 17 thd. video RGUs 5 1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense. Cable: 12.7 million customer relationships Broadband and voice continue to be the main drivers of growth

Total RGUs RGU Mix Millions

• Added 811 thd. RGUs 12.7 11.8 18% 29% • Broadband market share 10.1 9.7 reached 24.4% 9.0 33% 6.9 37% • By year-end, reached 15.3 million homes passed

49% 34% • A telecom network of 140 thd. kilometers, 32% is 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 fiber

Video Data Voice Video Data Voice

6 Cable: Continues to grow at a steady pace After heavy investments in infrastructure, Operating Cash Flow (OCF2) keeps expanding Revenue OSI1 OCF2 Ps. in billions Ps. In billions Ps. in billions 41.7 5.3 17.8 36.2 3.9 15.3 33.0 3.0 31.9 14.0 13.2 28.5 11.4

20.9 7.9

-1.4

-4.3 -4.8

2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019

• In 2019, double digit growth in Revenue and in OSI1 of 15.1% and 16.3%, respectively • Organically, excluding Axtel acquisition in December 2018, OSI1 expanded by 11.4% • Operating Cash Flow (OCF2) reached Ps.5.3 billion, a y-o-y growth of 76.6%

7 1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense. 2Operating Cash Flow (OCF) is defined as Operating Segment Income minus capital expenditures in properties, plant and equipment Cable: 2020 Goals With our extensive infrastructure, we will continue to focus on:

• Growing our share of broadband further

• Resuming growth in video subscribers

CABLE • Strengthening position as aggregator of OTT offers

• Expanding Operating Cash Flow1

8 1Operating Cash Flow is defined as Operating Segment Income minus capital expenditures in properties, plant and equipment. Sky: Over 7 million customers Broadband has become an attractive ad-on to many pay TV households

Total Broadband RGUs RGUs Millions Thousands 386 • By year-end 2019, over 319 7.8 million combined 8.0 8.0 7.7 7.8 7.3 video and broadband 6.6 238 RGUs

165 • Added 294 thousand

92 broadband RGUs during the year

2014 2015 2016 2017 2018 2019 4Q´18 1Q´19 2Q´19 3Q´19 4Q´19

9 Sky: Transforming it into a telecom operator Pressure in margins has been necessary to build scale in broadband

Revenue OSI1 OCF2 Ps. in billions Ps. in billions Ps. in billions

22.2 21.9 22.0 21.3 19.3 9.9 10.1 9.8 17.5 6.3 9.0 9.1 5.9 8.2 5.3

3.5 3.7 3.1

2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019

• Operating Cash Flow (OCF2) reached Ps.5.3 billion • Capital expenditures have been strong to support foray into broadband

10 1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense. 2Operating Cash Flow (OCF) is defined as Operating Segment Income minus capital expenditures in properties, plant and equipment Sky: 2020 Goals With its more than 7 million pay-tv customers, Sky will continue to build a telecom presence:

• Offering attractive bundles

• Launching packages with faster speeds SKY • Targeting new markets within its footprint

• Launching new broadband services

11 Content Division: An unmatched audience reach We produce the content that people choose to watch on broadcast TV

Ratings % of Ratings % of Network Program (mm) Pop. Network Program (mm) Pop.

Televisa ¿Quien es la mascara? 8,219 6.5% CBS Big Bang Theory 13,381 4.1%

Televisa frente a ti 7,484 5.9% CBS NCIS 12,663 3.8%

Televisa Mi marido tiene más familia 7,195 5.7% NBC This Is Us 12,502 3.8%

Televisa La Voz Kids 6,810 5.4% NBC Agt Champions 12,394 3.8% Televisa Amar a muerte 6,273 5.0% NBC America's Got Talent 11,666 3.5% Televisa 6,253 4.9% NBC Chicago Fire 11,536 3.5% Televisa La Usurpadora 6,225 4.9% NBC Chicago Med 11,174 3.4% Televisa 3 6,085 4.8% NBC Chicago Pd 11,061 3.4%

Televisa Una Familia de Diez 2 6,055 4.8% NBC Manifest 10,913 3.3%

Televisa Pequeños Gigantes 5,900 4.7% FOX Masked Singer 10,676 3.2%

• Broadcast is a key form of entertainment in Mexico, above the U.S. as a % of population • In 2019, the top 10 programs in Mexico’s broadcast TV were produced and transmitted by us • These included three comedies, three game shows, three dramas, and one bio-epic • Our top production reached 60% more viewers* than the top production in the U.S. in 2019

12 Source for Mexico: National projection based on Nielsen IBOPE’s audience measurement of the 28 largest cities of Mexico. Sports not included in ranking. *As a percentage of total population. Source for US: Nielsen US national sample. Content: Multiple windows to choose from Televisa is a relevant participant in every platform

Four Broadcast Networks in Mexico

Exports (70+ countries)

25 Pay TV Networks

OTT & Digital

• We are in the unique position to choose how and where we monetize our content • Broadcast Television continues to be the most effective way to do so • We are expanding our expertise in Digital and OTT and gradually building scale 13 Content Division: A production powerhouse After a multi-year restructuring phase, business is stabilizing

Revenue OSI1 OCF2 Ps. in billions Ps. in billions Ps. in billions

39.23 36.7 34.9 34.8 34.3 34.0 13.1 12.1 3 15.5 11.9 13.1 14.6 14.7 14.93 10.8 10.6 12.8 12.6

2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019

• In 2019, revenue was down 4.6% mainly due to drop in government advertising • Core private sector ad revenue was down 1.8% due to macro uncertainty in 1H’19 • Strong performance of our content in Univision resulted in U.S.$389.1 million in Royalties • Operating Cash Flow (OCF2,4) was approximately in line with 2018

1Operating segment income (OSI) is defined as operating income before corporate expenses, depreciation and amortization, and other expense. 2Operating Cash Flow (OCF) is defined as Operating Segment Income minus capital expenditures in properties, plant and equipment 14 3Includes the non-recurring licensing of certain rights of the World Cup in Latin America in 2018 4Excluding the 2018 World Cup licensing revenue and the 2019 drop in government advertising Content: 2020 Goals Televisa will continue to focus on strengthening its content business

• Increasing the volume and quality of our original content

• Ongoing innovation in our formats and storylines

• Striving for strong ratings across CONTENT all genres

• Expanding the ways in which we monetize our content

15 Strong Balance Sheet

Weighted average dollar-denominated maturity: revenue Net debt to OSI ratio: USD is 20.6 years US$933 2.3 times Ps is 8.9 years million*

*Full Year 2018

Closest USD maturity Closest peso maturity US$600 Ps.10,000 million million in in 2025 2024

dollar-denominated costs and expenses 66% of debt in USD US$750 66% of debt in USD 34% of debt in Ps million* 34% of debt in Ps As of FY 2019, except otherwise 16 *Full Year 2018 indicated Sustainability: A key component in our strategy Our many sustainability efforts continue to be recognized around the world

2020 FTSE4Good Emerging Index 2020 FTSE4Good Emerging Latin America Index 2020 FTSE4Good BIVA Index 2020 Bloomberg Gender-Equality Index 1 2020 BMV/S&P IPC Sustentable (Sustainability Index) 2019 Dow Jones Sustainability Emerging Markets Index 2 2019 Dow Jones Sustainability MILA Pacific Alliance Index 2019 United Nations (UN) Global Compact3 2019 Environmental Quality Certificate 4 2019 Recertified with Norm ISO 14001:20155 2019 Socially Responsible Company Award6

1. One of only five Mexican companies. 2. One of only three Mexican companies. 3. The world’s largest corporate sustainability initiative. 4. Issued by federal 17 environmental entity for certain of our facilities. 5. Issued by a third party verification unit. 6. Recognized for the second time for our social responsibility programs. Televisa: A strong foundation Focused on building shareholder value

Our priorities: Fully integrated media and telecommunications across all our Unique market presence in its core businesses Innovation operations Diversified revenue base Growing cash flow Constant transformation of our Mexico’s second largest telecom network business model Largest producer of Spanish-language content Long standing commitment to sustainability Long term strategic Investment grade positioning One of the most liquid Mexican companies Focus on Cash Flow Publicly traded in NYSE since ‘93 and in Mexico since ‘91 generation

18 Disclaimer

This presentation contains forward-looking statements regarding the Company’s results and prospects. Actual results could differ materially from these statements. The forward- looking statements in this press release should be read in conjunction with the factors described in “Item 3. Key Information – Forward-Looking Statements” in the Company’s Annual Report on Form 20-F, which, among others, could cause actual results to differ materially from those contained In forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation may also contain non-IFRS financial measures. Please see description of these non-IFRS financial measures in this presentation and in the Company’s press release dated February 20, 2020, announcing the Company’s fourth quarter and full year 2019 results.

Investor Relations www.televisair.com + (52) 55 5261 2445 Av. Vasco de Quiroga 2000, A4. Col. Santa Fe 19 CP. 01210 Mexico City