European football club revenues have grown significantly across the board Market size (in revenue) Growth in every revenue stream(3) Indexed revenues for European football clubs by revenue stream (2012=100%) 190% Media rights Commercial Matchday ~EUR 10% 28.9bn(1) 175% 160% 2012-18 CAGR 145% 6% ~EUR 4.0bn(2) 130% 115% 4% As a leading football club, BVB will widely benefit 100% from its strong positioning across both markets 2012 2013 2014 2015 2016 2017 2018