EFTA01457582.pdf

1 May 2015 Entertainment Viacom Figure 1: VIAB F2O15 Actual vs. Estimates Viacom Inc. Actuals les Estimates F2Q15A F2Q15E AwE MUM w PV Revenues: Media Networks 2,452 2,479 -1.195 2,375 3.2% Filmed Entertainment 659 775 -15.0% 831 -20.7% Elims. (33) (30) 10.0% (32) am Total Revenue 3,078 3,224 -4.5% 3,174 -3.0% Adjusted 01: Media Networks 903 897 0.7% 939 -3.8% Filmed Entertainment 1 (21) -104.9% 7 -85.7% Corp & Elims. (82) (77) 6.8% f74) 10.8% Total AdJ. 01 822 800 2.8% 872 -5.7% Meda Networks Domestic Ad Revenue Growth -5.00% -4.91% (9) bps 2.00% (700) bps Domestic Affiliate Revenue Growth 5.00% 5.00% 11.00% (600) bps International Ad Revenue Growth 80.00% 60.0% 2,000bps 14.00% 6,600bps International Affiliate Revenue Growth -8.00% -6.00% (200) bps 10.00% (1.800) bps Adj. EPS $1.16 $1.07 81% $108 7.0% FCF 598 788 -24.1% 524 14.1% per Share $1.49 $1.94 -23.1% $1.18 26.4% Sam Dassche B_. Canon&pan Deutsche Bank Securities Inc. I'dge 3 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P 6(e) DB-SDNY-0117194 CONFIDENTIAL SDNY_GM_00263378 EFTA01457582