1

INTRODUCTION P. 3

PROGRAMMING P. 6

SPORTS P. 14

REACH AND AUDIENCE P. 16

BENEFITS & POLICIES P. 26

2

INTRODUCTION

3

OUTDOOR RECREATION & SPORTS

24/7 Pay TV Outdoor sports & recreation channel Launch in HD in 4th quarter 2015 French/German/English/Russian 400+ hours fresh programming per year 100+ million Europeans participate in outdoor sports Europeans spend 20 billion per year on outdoor gear Global adventure travel, growth market - 230 billion

4Source: Adventure Travel Trade Association (ATTA)

KEY POINTS

5

MANAGEMENT TEAM

Laurence Fox Hopper CEO / Co-Founder- 20 years media experience- founder & CEO of Nautical Channel Limited (distributed in 45 countries) until 2014- Skier, hiker, snow shoer, biker, runner, sailor, cross country trekker, camper, adventure traveller

Philippe Deleplace COO / Co-Founder- 20 years entertainment & media experience- COO at Cyber Press Publishing, Novovision, MotorsTV (distributed in 40 countries)- Deep sea diver, hiker, skier, mountain biker

PROGRAMMING

6

Bringing the world of outdoor sports & recreation to you!

7

Nature

Adventure

Recreation

SportsWater

Mountains

Countryside

Offroad

Snow

Ice

Climbing

Running

CyclingMountain biking

Skiing

Snow boarding

Scuba diving Kayaking

Camping

Stand Up Paddle

TrekkingKite surfing

Technology

Equipment

updatesRegional cuisine

8

Nature

Adventure

RecreationSports

Extreme Updates

Lifestyle

PROGRAMMING

PROGRAMMING

Bringing international outdoors sports & recreation to you Sports represent 45% of total programming

10% of sports is out of the ordinary extreme 55% Active lifestyle , travel, adventure, etc 25% original programming Bi-weekly clothing, equipment and sports updates 50% total programming mountain lifestyle & adventure accessible and

relevant to a wide range of viewers

9

EXCITING SHOWS AND SERIES WORLD SPORTS OUTDOOR REPLAY MOUNTAIN GOURMET RECREATIONAL VEHICLES ROUND UP TRAILS & TREKS BEST IN WORLD PACKING PARKS & PEAKS ACHES AND PAINS DOC JOHN PLUNGE TO YOUR DEPTH WALK TALK HANGING FROM CLIFFS MONDAY MOUNTAIN MADNESS BIKE VOYAGE OF DISCOVERY AMAZING HIKES IN HISTORY

10

11

Wild Descent New Zealand 261 km 4 days

Stand-Up Paddle world tour

Boulder Roubaix cycling (40% paved)

National Ultra Endurance Series (MTB)

Toughest climbs Tour de France/ Giro DItalia

Iron Man kids & adults

CISM world winter and summer military games

Cross country world Cup Queen of the

Dolomites

World Snow Shoe Championships

Frisbee world championship

Marathon of the Alps

Free Diving World Championships

SPORTS over 350 events

Cycling races Surf, stand up, kite

Mountain bikes Running. trail

Triathlon/Iron man Snow shoe championships

Ultimate Frisbee Mountain challenges

Alpine Extreme running Gliding / paragliding

Deep sea diving Winter bike, board, ski

Mountaineering

Cave exploration

Ultra marathons

Bungee Jumping 12

SPORTS / LIVE 35%

EXTREME SPORTS 10%

Backpacking all year Mountain discovery

Hike & History Destinations

Canyoning Survival

Winter wild Dog sledding

Rec vehicles Health Fitness Moun heroes

Clothing/Gear/T

echnology

TrekkingDrone video

Dive/Snorkel

World Update RE Regional foods & wines

Safety

Walk, run Active Travel Mountain Film

13

RECREATION & LIFESTYLE 40%

ADVENTURE 15%

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50%26%

11%

PROGRAMMING (PART OF 24/7 SCHEDULE)

SPORTS

LIFESTYLE

ADVENTURE

EXTREME SPORTS

Monday Tuesday Wednesday Thursday Friday Saturday Sunday

17.00 BIATHALONGLIDING OUTDOOR ICE HOCKEY WOMENS FITNESS ROLEX SPIRIT OF YACHTING MOUNTAIN GOURMET COLD WATER CLASSIC17.15

17.30 FAT BIKE RACE17.4518.00

TOP PARKS & PEAKS

MARATHON

HANGING OFF CLIFFS DOWNHILL SKI PLUNGE TO YOUR DEPTH BEACH VOLLEYBALL

RV WORLD18.1518.30

SNOWBOARD TRAILS & TREKS18.4519.00 WORLD OUTDOOR SPORTS REPLAY19.15 MARATHON DOWNHILL MOUNTAIN BIKE TRIATHALON IRON MAN MOUNTAIN BIKE FAT BIKE iINVITATIONAL BEST OF CYLcING SNOW SHOE RACE19.3019.45

MOUNTAIN MADNESS MONDAYARCTIC DOGSLED RACE FRISBEE WORLD

DANGER ON THE BEACHMEN ACTIVE FITENSS

ICE CLIMBING Health & Wellness ROUND-UP20.0020.15 OCEAN SURVIVOR ARCHERY CANOEING20.3020.45 WORLD OUTDOOT SPORTS REPLAY21.00

CAMPING IN WORLD OF DISCOVERY

Nutrition for Dummies KAYAKING OUTDOOR DISRUPT STAND UP PADDLE RECREATIONAL VEHICLES FAT BIKE MAHIKAN RACE 21.15

21.30 DISCOVERY TREK CREW ROW21.4522.00 WORLD OUTDOOR SPORTS REPLAY22.15 ROWING WORLD OF ATHLETIC SHOES CROSS COUNTRY ORIENTEERING OBSTACLE COURSE SURFER WORLD WILD RUNNING22.3022.45

MILITARY WINTER GAMES BASE JUMPING OUTDOOR GEAR WEEK FREE RIDE WORLD TOUR EXTREME CAMPING OUTDOOR SHOW EUROPEDANGER IN THE JUNGLE

23.0023.15 SURVIVAL TECH23.3023.45 WORLD OUTDOOR SPORTS & RECREATION REPLAY0.00 BIKE WORLD TOUR SNOW BOARD FREE RIDE OFF ROAD RACING FIITNESS TRAIL RUNNING NORDIC WALK0.150.30

Regional Cheeses, winnes & cuisine Ultra Trail du Montblanc MOUNTAIN MYSTERIESWEAR &TEAR

GLIDER WORLD IRON MAN WALK TALK0.451.00 RIPPLE EFFECT1.15

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GLOBAL STRATEGY

Production CompaniesEvent OrganizersIndustry / BrandsSports Associations

Production Acquisition UGC

Video ContentData Base

TechnologyMAMData MiningDigitalizationCloud

MCN/InternetMobile OTTPay TV

Brand Content

Social Marketing / Targeted communication / Interactivity / Content curation

Outdoor Enthusiasts / Communities

16

SPORTSLets get everyone outdoors!

17

Wild Descent New Zealand 261 km 4 days

Stand-Up Paddle world tour

Boulder Roubaix cycling (40% paved)

National Ultra Endurance Series (MTB)

Toughest climbs Tour de France/ Giro DItalia

Iron Man kids & adults

CISM world winter and summer military games

Cross country world Cup Queen of the

Dolomites

World Snow Shoe Championships

Frisbee world championship

Marathon of the Alps

Free Diving World Championships

LIVE SPORTS over 350 events

REACH & AUDIENCE

18

Bringing the outdoor audience to you!

Outdoor Sports & Recreation

Dynamically growing MASS market

European market for outdoor gear and equipment : 20 billion Euros Representing 20% of total sales of sports equipment Fastest growing sector - 4 x faster than other sports equipment Constant technological equipment innovation (Ski, snowboard, Kite

surf, Hiking poles, running shoes, energy replenishment, connected devices)

19(Source : NPD Group 2013 research covering 36 Europ ean countries)

20Strictly Private and Confidential

Outdoor Sports & RecreationEnormous MASS market

European market for outdoor gear and equipment : 20 billion Euros

21

Breakdown by country

(Source : NPD Group 2013 research covering 36 Europ ean countries)

38%

24%

23%

15%

Breakdown by activity

Hiking, Trekking, Camping

Others (diving, kayaking, trail running, climbing, paragliding, fishing, canyoning)

Winter sports

Mountain bike

Germany

Scandinavia

GB + Irl.France

CH + At

Russia

Italy

BeneluxOthers

25.7%

13.5%

13.4%12.2%

10.6%

6.3%

5.7%

4%8.6%

participants MASS MARKET

More than 100 million participants in Europe

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Outdoor Sports & Recreation

Example France:

20 million outdoor sports participants90% : several outdoor activities10 million : running15.5 million : cycling or mountain biking7.2 million : hiking

(Source : FIFAS 2013)

Competition Sports channels

23

Outdoor Sports / Recreation / Lifestyle non-live

Multi-thematic Mono-thematic

Main top league Live Sports

LEquipe 21Infosport +Sky Sports News

EurosportSky SportsBeing Sport1

ExtremeTrekRedbullFuel

HorseSailingMountainsHunting

GolfMotorsSoccer

Competition

Nothing comparable on TV

ONLY combined Outdoor sports and recreational activities that reach out to general public across many countries

International or national generalist sports channels broadcast only mainstream sports events (soccer, basketball, Olympic sports, etc..)

A couple of Extreme only sports channels Specialized channels are focused on very narrow niches (Motors, Golf, Sailing,

Horses, Hunting & Fishing) Nationally or regionally oriented and funded outdoor channels

24

EUROPEAN VIEWER PROFILE

Annual household income:

Less than 25,000 euro 18%25,000-50,000 euro 24%50,000-100,000 euro 31%More than 100,000 + 27%

40% of EU population play a sport at least once a week

65% of EU exercise at least once a week.

% play a sport at least once a week:Age 15-24 : 61%Age 25-39 : 44%Age 40-54 : 40%Age 50-69 : 33%

50% of married couples participate in a sport at least once a week60% involved in informal exercise - cycling, walking, dancing, gardening

Programming information and promotion Viewer feedback, content and interaction Feed to social networks Facebook, Twitter fan page YouTube network with channels for all activities Continuous outdoor sports news and events Reference for everyday outdoor sports activities

26

www.horizonsports.tv

Partnerships with outdoors press

Sponsorship of sports & other events

Activity on social networks

Partnerships with equipment & clothing manufacturers

Partnerships with mountain & sports associations

Partnership with local/ national organizations to promote active outdoors

Promote green & grey economy

27

MARKETING

Outdoor Forum, Germany

ISPO Munich, China

EuroBike, Germany

Freizeit Bolzano, Italy

Alpitec Bolzano, IT / China

The Outdoors Show, UK

Grand Ski Chambery France

Le Salon Du Randonneur France

Nordic Outdoor Gotheborg Sweden

Adventure sports Sao Paolo, Brazil

Tournatur - Germany 28

TRADE SHOWS

29

BENEFITS & POLICIESExpanding the OUTDOOR World!

Outdoor Sports & Recreation

Trendy, entertaining and relevant to mass participants

Growing Nature & environmentally sound vacations promoting sensitivity to environmental and sustainability issues

Free from urban stress healthy and nature oriented

Social and outdoor activities (family, friends)

Outdoors at forefront of development even for the disabled

Constant international growth despite economic crisis

Cutting-edge technology in outdoor equipment

Supported by European Commission policy (Nature & Sport EuroMeet)

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Only channel of its kind

Innovative and exciting channel for active and outdoor recreation & Sports enthusiasts

Live sports coverage

Unique relationship with massive outdoor community

Viewer participation & relevance

Incredibly large and growing demographic

Created by outdoor recreation & sports experts

Growing outdoor fitness and recreation participation

BENEFITS

40% of world participates in outdoor sports !

32

Broad appeal & mass market focus

Subscriber fee & advertising business model

Sports tier or extended tier positioning

Live Sports content

TV Everywhere rights

VOD, SVOD, Catch Up VOD available

Cross-marketing: local and national

POLICIES

40% of world participates in outdoor sports !