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36Confidential | For Discussion Purposes SpringOwl's 99 Page Presentation On Turning Around Viacom

36Confidential | For Discussion Purposes Only |
5-Year Revenue 5-year EBITDA
-12%
5-Year OCF
2,644.0
2,498.0
3,083.0
2,597.0
2,313.0
2011 2012 2013 2014 FY2015 EST
5-Year OCF Trend
Why Such high Pay Given Viacom’s Under
Performance ?
36Note: As of 12/30/2015
Source: Company filings (10K)

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