EFTA01457583.pdf

'Figure 3: VMS Model Summary m F C 1U0tUU101101 Viacom Inc. .;6 Model Summary 0 F Revenue 2011 2012 2013 1014 2014 3014 4014 2014 1015 2015 3015 4015 2015 2016 2017 Mecla Networks 9,145 9.194 9,656 2,541 2,375 2,591 2,664 10,171 2654 2,452 2,624 2,845 10576 10 947 11,384 Filmed Entertaernent 5923 4.820 4.282 681 601 856 1.357 3.725 720 650 775 1,275 3 429 3 443 3,498 Eliminations (154) (127) (144) (25) (32) (26) (30) (113) (30) (33) (30) (31) (124) (120) (125) Total Revenue 14,914 13.887 13,794 3,197 3.174 3.421 3.991 13.783 3.344 3.078 3,360 4,089 13,881 14390 14,767 Adi Oneratina Income Mec1a Networks 3,810 3.851 4058 1.104 939 1,112 1,077 4,232 1,094 892 1.095 1.173 4.254 4 534 4 683 Famed EntertaiwneM 332 316 218 (78) 7 52 209 190 (64) (2) 7 261 201 213 214 Corpram (288) (269) (334) (66) (741 (78) (79) (297) (71) (68) (77) (77) (293) (335) (315) Total MJ. Operating Income 3,864 3,931 3,842 803 872 1,068 1,207 4,126 869 822 1,026 1,367 4,162 4,441 4,682 Stock-based compensation (SBC) (128) (122) (128) (32) 131) (30) (29) (122) (26) 125) (31) (29) (111) (125) (133) Adi Operating Income (Ex SBC) 3,982 4 023 4.070 992 003 1.116 1 236 4 247 985 847 1 055 1 185 4 273 4 566 4 715 Ad). 0180A (.x-SBC) 4,253 4,259 4,307 1,051 955 1,168 1.290 4,484 1,040 904 1.109 1,439 4,492 4,780 4,931 Ad). Diluted EPS 53.78 54.21 54.88 51.18 $1.08 51.42 51.71 55.40 $1.29 51.16 51.48 51.96 55.90 56.69 57.39 unitheree Free cash Flow 2,778 2 660 3,331 378 626 666 1301 2.970 164 709 776 aso 2540 3,166 3,164 Leafed Free Cash Flom 2,502 2 381 3.020 278 524 560 1,196 2,558 57 598 668 787 2111 2,768 2.751 Per Diluted Share (WAVG) 54.21 54.43 56.10 $0 61 8118 1128 $2.80 55.81 50.14 $146 51.66 SI 95 $618 $7.10 57.68 &cell, Rates % Revenue Meda Networks 0.5% 50% 6.1% 6.4% 09% 8.3% 53% 44% 32% 1.3% 68% 4.0% 3.5% 40% Filmed Entertattvnent •186% •11.2% -302% •117% -261% 123% •130% 57% •207% 95% -60% -79% 1.0% 10% Eliminabons -175% 134% -54.5% -179% -235% 875% -215% 200% 31% 154% 33% 97% -32% 42% Total Revenue -0 9% -07% -39% 12% -74% 93% -0 1% 4.6% -30% -1.5% 25% 07% 29% 33% 3.4 Operating Warne Media Netnorke 1.2% 53% 81% 84% .30% 51% 43% .09% -50% -15% 89% 05% 68% 33% Filmed Entertannem 48% 410% -451% .887% 3333% .269% -128% -179% -1286% -875% 248% 59% 60% 04% Corp/Elm 4.6% 24.2% -19.5% -86% 6.8% -19.4% -11.1% 76% -81% -1.6% -25% -1.4% 4.5% 29% Total Acl. Operating Income 1.2% I1% 205% 30% 01% -05% 46% -01% -57% 57% 124% 09% 67% 32% Adj 013DA (ex-SBC) 0.1% 1.1% 188% 2.0% 48% -1.4% 36% 4_0% -53% 51% 11.5% 06% 6.4% 32% Ar Diluted EPS 11.4% 11.1% 30.1% 128% 99% 106% 15.3% 97% 70% 44% 147% 92% 118% 122% Unleerecl Free Case Flow 4.2% 252% -393% •188% •172% 74.8% -10.8% -56 5% 133% 166% 415% -145% 24 6% -0 1% (tared Free Cash Flom 4.8% 26 8% -494% -24 696 -23 1% 11 3% 453% -795% 14 1% 193% 442% -175% 311% -06% Per Diluted Share (WAVG) 52% 378% -432% •154% -132% 282% 48% •776% 26 1% 29 0% 405% -109% 37 1% 82% %an Osart* Bent CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117196 CONFIDENTIAL SDNY_GM_00263380 EFTA01457583