Mauro Bonomi, CEO TEPAL 2017

Industry Trends Content Prices Content Costs Pay TV Subscribers

Operators Have Advantages … But Must Adjust Aim Bundling Opportunities Local Presence Access Network Premium and Local Content

Transform Pay TV Services Embrace Third-party Pay TV Service Operator’s Dilemma Transform Pay TV Services Embrace Third-party Pay TV Service Exit Pay TV Focus on Broadband

Minerva Silicon Valley Company with Global Presence Headquarters R&D Centers Sales & Support Silicon Valley Company with Global Presence Industry pioneer powering over 300 IPTV Deployments Worldwide Next-generation Video Services Management Platform

Our Value Proposition Compelling Subscriber Experience Complete Service Management Platform Lowest Migration Cost Preservation of Legacy Set-top Boxes Flexible Deployment Options Distributed Edge Architecture

Compelling Subscriber Experience Personalized Recommendations Unified Content Navigation and Federated Search Trending and Similar for Impulse Viewing Consistent Experience Across Devices Filters for Ease of Discovery

Complete Service Management Platform Back Office Edge Content Management Package Management Delivery Management VOD nDVR EPG Session Management Customer Management Device Management Clients Cloud Data Analytics Trending & Recommendations Ingest Manage Deliver Engage

Lowest Migration Cost Highly optimized native client Supports most legacy IPTV STBs Virtual STB client support Integration with Active Video’s platform Web Services client API’’s Integration with legacy Clients

Unique Distributed Edge Architecture Access Network Back Office CDN STB WAN or Internet Cable Modem Core Routers Gateway Cable Modem Scalability Responsiveness Flexibility Clients

Flexible Payment & Deployment Options Perpetual Licenses ✔️ Recurring Subscription Fees On Premise Deployment Cloud Deployment

Pay TV as a Service Combining Multitenancy and Edge PARTNER OPERATOR(S) Revenue Flow TV Subscription Fees Services Flow Edge Monthly Service Fees SUBSCRIBERS Programming Fees MASTER OPERATOR CONTENT PROVIDERS Multitenant Back Office

Minerva as a Carrier of Carriers’ Platform Minimum Subs 1M Any Region North America Infrastructure Cable STBs New Only Deployment Cloud Only

Status quo not sustainable Minerva as a key technology partner Summary Status quo not sustainable Minerva as a key technology partner Scale matters … new business models

Thank You 