LionTree Investment Banking Pitch Book

Saturn Projected Financials ($mm) Revenue Build Networks % Growth Distribution % Growth Animation % Growth Other Total Revenue % Growth EBITDA (Pre-SBC) % Growth % Margin 2015A 1,324 354 25 nm (3) 1,700 462 27.1% LionTree Source: Per Saturn management Fiscal Year Ended December 31, 2017E 2018E 2016E 1,389 4.9% 315 (10.9%) nm (4) 1,700 0.0% 490 6.2% 28.8% 1,484 6.8% 311 (1.3%) nm (7) 1,789 5.2% 543 10.7% 30.3% 1,561 5.2% 311 0.1% nm (5) 1,868 4.4% 612 12.9% 32.8% 2019E 1,623 4.0% 311 0.0% nm (5) 1,930 3.3% 633 3.3% 32.8% 2020E 1,688 4.0% 311 0.0% nm (5) 1,995 3.4% 654 3.4% 32.8% '15A-'20E CAGR 5.0% (2.5%) 3.3% 7.2% 10

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