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Our investment case



   WE KNOW OUR SUBSCRIBERS

We know how to create, package and deliver the best local, international and sport content.

Our unique insights allow us to create comprehensive and compelling video entertainment services that resonate with our subscribers.

   WE HAVE A SOLID FOUNDATION TO

   SUPPORT SHAREHOLDER RETURNS

We have an experienced management team, established brands and invested infrastructure. This is underpinned by a sound balance sheet, solid operational execution and strong cash flow generation.

   WE ARE DRAWING ON GLOBAL

   PERSPECTIVES TO DRIVE

   LOCAL EXCELLENCE

Our broad subscriber base and extensive footprint allow us to better serve our customers by leveraging the benefits of economies of scale.

Our long-standing connections to global video entertainment industry participants, content suppliers and satellite providers, allow us to implement best practices in terms of content and technology.

Our deep local knowledge allows us to operate in diverse markets, across vast urban and rural territories, and varied demographics, while managing complex regulatory environments and solving unique local challenges.

   WE UNDERSTAND HOW TO REACH

   AND SERVE OUR CUSTOMERS

At the end of FY20, we served 19.5m subscribers in 50 markets across sub-Saharan Africa through our DStv, GOtv and Showmax brands. We provide video entertainment ‘anywhere, anytime’ by beaming a signal and/or streaming content to their preferred devices 24/7. Through Irdeto, we provide digital security solutions to protect content, applications and platforms around the world.

   WE HAVE A PROUD LEGACY AND

   AN EVEN MORE EXCITING FUTURE

The African continent, with its 1.1bn people, is our home.

Since the launch of our first service in 1985, we have provided a window into the world for our viewers and created, developed and shared their stories. A growing, increasingly urban middle-class with rising discretionary spend represents an addressable market of 47m paying video entertainment subscribers by 2023 and an attractive long-term opportunity for us.

Irdeto has a 50-year history of solving security problems. Its expertise in software security means Irdeto is uniquely positioned to help the world’s best video entertainment and connected industry service providers navigate their digital platform security challenges in an increasingly connected world.