Operating and Financial Review for the Six Months Ended 31 December 2020
As the issuer of the €275,000,000 5.125% Senior Secured Notes due 2024 Operating and financial review for the six months ended 31 December 2020 Operating and financial review for the six months ended 31 December 2020 TABLE OF CONTENTS FORM AND CONTENT 3 ABOUT MEDIACO 3 MEDIACO GOVERNANCE 4 SIGNIFICANT EVENTS DURING THE SEMESTER 5 SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD 13 ISSUER STANDALONE UNAUDITED CONDENSED PROFIT & LOSS, BALANCE SHEET AND CASH FLOW STATEMENT 14 MANAGEMENT’S REVIEW OF THE UNAUDITED FINANCIAL STATEMENTS 15 NOTES KEY PERFORMANCE INDICATORS 20 SOCCER STANDALONE UNAUDITED CONDENSED PROFIT & LOSS, BALANCE SHEET AND CASH FLOW STATEMENT 27 2 Operating and financial review for the six months ended 31 December 2020 FORM AND CONTENT This financial report is based on the unaudited interim financial statements of ASR Media and Sponsorship S.p.A. (hereinafter "MediaCo" or “the Issuer”) as of and for the period ended 31 December 2020 (hereinafter also "the Report"), concerning operating performance for the first half of the 2020- 2021 financial year (hereinafter "the Half year” or "the Period"). The Report has been prepared in accordance with the Indenture dated August 8, 2019 (the “Indenture”), among, inter alios, the Issuer, AS Roma S.p.A. (“TeamCo”), Soccer Sas di Brand Management S.r.l. (“Soccer” or “Guarantor”), The Law Debenture Trust Corporation p.l.c., as trustee and legal representative of the Holders (mandatario con rappresentanza) under the Indenture, common representative (rappresentante comune) of the Holders pursuant to articles 2417 and 2418 of the Italian Civil Code and representative (rappresentante) pursuant to article 2414-bis, 3rd paragraph of the Italian Civil Code (the “Trustee”), Unione di Banche Italiane S.p.A., as security agent (the “Security Agent”), The Bank of New York Mellon, London Branch, as paying agent, and The Bank of New York Mellon SA/NV, Luxembourg Branch as transfer agent and registrar.
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