Caracol Television: Sustainability Report 2018 President Gonzalo Córdoba Mallarino

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Caracol Television: Sustainability Report 2018 President Gonzalo Córdoba Mallarino Caracol Television: Sustainability Report 2018 President Gonzalo Córdoba Mallarino Corporate Executive Vice President Rosa Emilia Fonseca Gómez Secretary General Jorge Martínez de León Vice President of Programming and Marketing Camilo Alberto Acuña Cubillos Vice President of Operations, News and Sports Luis Calle Arcela Vice President Radio Carlos Arturo Gallego Marulanda Vice President of Production and Content Darío Armando García Granados Commercial Vice President Mauricio Umaña Blanche Network Vice President Juana María Uribe Pachón Financial Vice President Rubén Darío Cárdenas Ortiz Digital Vice President Marcelo Liberini International Sales Vice President Lisette Osorio López Coordination José María Reyes Santo Domingo Sustainability and Synergies Manager Advisory Desarrollo Visible 1 Sustainability Report 2018, Caracol Television S.A. Design and layout Linca Publicidad Caracol Television S.A. Calle 103 # 69 B-43, Floresta Norte. GRI 102-3 Telephone (57) 1 6430430 Bogotá, D.C., Colombia April 2019 Scope and coverage of the Sustainability Report 2018 GRI 102-1, GRI 102-2 and GRI 102-45 • Corresponding to the period January 1 to December 31, 2018. • Covers information of Caracol Television S.A.1 and its businesses: open television channel, BLU Radio and Caracol Next. • The economic figures include the subsidiaries reported in the annual report to shareholders: Stock Models & Talent S.A.S., Caracol TV America Corp., Famosa S.A.S. and Radial Bogotá S.A., El Espectador and Cine Colombia. • The environmental figures cover the headquarters in La Floresta-Bogotá D.C. and the BLU Radio antennas are included in the carbon footprint. • It has been prepared in accordance with the Essential option of the GRI Standards. • It constitutes the Communication of Progress (CoP) for the United Nations Global Compact. Contacts for more information GRI 102-53 José María Reyes Santo Domingo Sustainability and Synergies Manager [email protected] Juliana Márquez Mancini Sustainability and Synergies Coordinator [email protected] Online inquiries for more information GRI 102-53 http://www.caracoltvcorporativo.com/ 1 Henceforth, we will refer to Caracol Television, the Firm, the Company or the Organization. 2 Sustainability Report 2018, Caracol Television S.A. Content We continue to bet on sustainable development Caracol Television Creation, production and dissemination of responsible and quality content Ensuring profitable and sustainable growth Promoting the development of Caracol Talent and their families Stimulating relationships of mutual growth with advertisers and suppliers Environmentally responsible lifestyles 3 Sustainability Report 2018, Caracol Television S.A. We continue to bet on sustainable development GRI 102-14 I am pleased to present to you the ninth sustainability report, which has not only become an exercise in transparency but also of internal reflection on the commitment we have made to sustainable development. We know that an integral perspective of the business and its social and environmental impact will allow us to move forward with the responsibilities that are part of our Sustainability Model. 2018 was a year of new achievements and challenges. We retain the preference of audiences and advertisers, and we maintained our leadership, which allowed us to continue Ensuring profitable and sustainable growth, to provide shareholders with a return on their investment and create value to other stakeholders. We carried out a comprehensive validation exercise of our framework for the Creation, production and dissemination of responsible and quality content, in which all the Vice Presidents responsible for the content participated in reflection sessions that they subsequently multiplied with their work teams. Likewise, at the citizen coexistence workgroup: prevention of gender violence, that we have been leading in recent years, we designed a campaign, hand in hand with the expert organizations that participate, that will be aired during 2019. We work tirelessly to strengthen the Development of Caracol Talent and their families. We progressed in the execution of the Annual Training Plan where creativity, innovation and leadership are protagonists; we strengthened compliance with the implementation of the Occupational Health and Safety Management System; and we offered novel wellness alternatives. We continue to ensure compliance and transparency in negotiations and cultivating relationships of Mutual growth with advertisers and suppliers, to go beyond the commercial sphere. With advertisers, we reinforced close ties and offer them innovative proposals, and with suppliers, in addition to prioritizing local purchases, we value the best way to cement positive synergies to prosper together while preventing negative social or environmental impacts. We know that it is of great relevance to encourage Environmentally responsible lifestyles to deal with scenarios such as climate change, and therefore, we measured our carbon footprint, we launched a strategy for the efficient management of solid waste, we carried out the sixth version of the Premio a la Protección del Medio Ambiente [Environmental Protection Award] in which we recognize programs focused on the conservation of marine or river areas, and we ran 585 commercial for conservation and environmental protection. The achievement of global ideals requires responsibility and local management. Therefore, we focus our efforts on goals set by initiatives such as the United Nations Global Compact of which we are signatories, as well as the Sustainable Development Goals and the Responsible Media Forum. This report reflects the determination and high commitment of the more than 2,000 people that are part of the Caracol Talent who once again I want to thank and invite to persist in the challenges that we have set for ourselves to continue being leaders as a media company, create more value beyond the financial results and become benchmarks for our contribution to society and the environment. GonZalo Córdoba Mallarino President, Caracol Television S.A. 4 Sustainability Report 2018, Caracol Television S.A. Caracol Television We are a media and entertainment company. In our portfolio, the quality of the content and innovation and cutting-edge technology play a leading role. GRI 102-2 and GRI 102-5 Shareholders GRI 102-5 0.02% 6.49% Valorem S.A. Valmiera Enterprises Corp. y Cia. SCA Other 93.49% Related companies • Caracol Television Inc, Television Equipment services Corp. • Stock Models & Talent S.A.S. • Caracol TV America Corp and Mambo LLC. • Caracol Television Inc through Caracol TV America Corp. • Caracol America Productions LLC. • Famous S.A.S, ICCK Net S.A.S in liquidation. • Radial Bogotá S.A. Caracol Television Brands GRI 102-2 Caracol Television: open television channel GRI 102-2, GRI 102-4 and GRI 102-6 • Noticias Caracol • Gol Caracol • Opinion / Documentaries • Cinema / Movies • Drama shows • Soap operas • Series • Children's • Contests • Humor 5 Sustainability Report 2018, Caracol Television S.A. • Sports • Reality shows • Magazine shows • Musical shows BLU Radio GRI 102-2, GRI 102-4 and GRI 102-6 We are a Colombian radio network, we are part of Caracol Television and we broadcasts since 2012. Our programming and our content are supported in variables such as youth, variety and opinion generation. Caracol Next GRI 102-2, GRI 102-4 and GRI 102-6 We are Caracol Television's digital business unit. We are leaders because of digital innovation and content generation. Among others, we have developed new web formats where series, drama and fiction show, tutorials, journalistic and documentary formats stand out. Vision In 2018, being the leading television, radio and digital company in Colombia, clearly differentiated from the competition, with the best talent in the market and recognized internationally as one of the three major entertainment brands in Spanish. Mission Moving our audiences daily with ground breaking, multiplatform content, generating value sustainably and responsibly for our customers, contributors and shareholders. Values GRI 102-16 • Professionalism • Respect • Dependability • Human development • Sustainability Main results in 2018 GRI 102-6 and GRI 102-7 • Total revenue: 755,126 (million Colombian Pesos) • EBITDA: 145,598 (million Colombian Pesos) • Total employees on payroll: 1,950 • 89% purchases from national suppliers • Commercials with messages for environmental conservation and protection: 585 • Number of times we run commercials about citizen coexistence: 422 6 Sustainability Report 2018, Caracol Television S.A. Direct Economic Value Generated and Distributed GRI 102-7 (Million Colombian Pesos) 2015 2016 2017 2018 Direct Economic Value Generated Income2 716,198 729,028 718,453 755,126 Economic Value Distributed Operating expenses3 313,185 338,945 312,335 334,519 Salaries and benefits of 119,766 131,111 151,256 165,406 employees4 Payments to capital providers5 89,286 77,447 85,373 88,782 Payments to governments6 140,848 135,966 119,223 125,744 Investments in communities7 4,898 5,691 4,874 5,772 Economic Value Distributed 667,983 689,161 673,061 720,223 (Total) Economic Value Retained: Direct Economic Value Generated - Distributed 48,215 39,867 45,392 34,903 Economic Value 8 Sustainability Model GRI 102-16 At Caracol Television we understand sustainable management as a way to do business, wherein our reason to exist, the values, mission, vision, and our actions, are focused on the creation of economic, social and environmental value, and in
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