Rtl Group S.a. · LUXSE:RTLL

Rtl — H1 2016 Earnings Presentation

24 slides from Rtl's earnings presentation, Aug 25, 2016

1. Slide 1: January-June 2016

   January-June 2016 Luxembourg, 25 August 2016

2. Slide 2: Agenda

   Agenda 1 2 3 4 2016 Half-year Group Business Outlook 2016 2016 highlights financials update 2

3. Slide 3: Highlights

   Highlights Record interim operating results +3.2% € 2,878 million € 1.00 87% Revenue Cash conversion Interim dividend rate +8.6% 19.4% 20.2 EBITA Margin € 580 million € 341million Reported EBITA Net profit 3

4. Slide 4: Digital continues on its strong growth path

   Highlights Digital continues on its strong growth path VIDEO VIEWS RTL GROUP DIGITAL REVENUE In billion In € million Non-advertising 123.1 Advertising +20.5% 264 219 42.5 113 15.7 HY 2014 HY 2015 HY 2016 HY 2014 HY 2015 HY 2016 4.2% % of RTL Group revenue 9.2% Source: all internal figures 4

5. Slide 5: With platform revenue also growing

   Highlights With platform revenue also growing RTL GROUP PLATFORM REVENUE HD SUBSCRIBERS, GERMANY In € million1) In million HD channels +13.6% +17.5% 6.7 134 Thematic 5.7 channels 118 VOD on managed platforms HY 2015 HY 2016 HY 2015 HY 2016 1) Platform revenue defined as revenue generated across all

6. Slide 6: RTL Group's revenue mix is well diversified

   Highlights RTL Group’s revenue mix is well diversified RTL GROUP HY 2016 REVENUE SPLIT DEPENDENCY FROM TV ADVERTISING In % TV advertising Other diversification Other revenue 11.9 TV advertising Digital 9.2 51% Content 19.2 €2.9bn 50.6 4.6 56% Platform revenue 4.5 Radio advertising 6

7. Slide 7: Agenda

   Agenda 1 2 3 4 2016 Half-year Group Business Outlook 2016 2016 highlights financials update 7

8. Slide 8: Review of results: Revenue & EBITA up year-on-year

   Review of results 30 June 2016 Revenue & EBITA up year-on-year Half-year to Half-year to Per cent In € million June 2016 June 2015 change Revenue 2,878 2,788 +3.2 Underlying revenue 2,861 2,780 +2.9 Operating cost base 2,413 2,300 +4.9 Reported EBITA 580 534 +8.6 Reported EBITA margin (%) 20.2 19.2

9. Slide 9: Review of results: Higher tax charge results in lower net profit

   Review of results 30 June 2016 Higher tax charge results in lower net profit Half-year to Half-year to Per cent In € million June 2016 June 2015 change Reported EBITA 580 534 +8.6 Amortisation and impairment of fair value adjustments on acquisitions of (8) 2 subsidiaries Re-measurement of earn-out a

10. Slide 10: Review of results: Improved cash generation

    Review of results 30 June 2016 Improved cash generation Half-year to Half-year to In € million June 2016 June 2015 Net cash flow from operating activities 403 295 Add: Income tax paid 190 198 Less: Acquisition of assets, net (82) (97) Equals: Reported free cash flow (FCF) 511 396 Acquisition and dis

11. Slide 11: Agenda

    Agenda 1 2 3 4 2016 Half-year Group Business Outlook 2016 2016 highlights financials update 11

12. Slide 12: Mediengruppe RTL Deutschland: High audience shares and improved profitability

    Mediengruppe RTL Deutschland High audience shares and seventh year of improved profitability FAMILY OF CHANNELS 14 – 59, HY 2016 MG RTL 28.2% KEY FINANCIALS In € million REVENUE EBITA Others 12.3% 22.1% 6.6% +4.4% +5.5% 1,039 9.3% ARD-III 6.9% 995 362 343 ARD 8.7% 8.9% 25.2% ZDF P7S1 HY 2015 HY 2016

13. Slide 13: Mediengruppe RTL Deutschland: Strengthening leadership in key timeslots

    Mediengruppe RTL Deutschland With strengthening leadership in key timeslots FAMILY OF CHANNELS 14 – 59, HY 2016 MG RTL 28.2% ACCESS PRIME TIME PRIME TIME (17 – 20h) 14 – 59 (in %) (20 – 23h) 14 – 59 (in %) Others 12.2% 12.3% +4.2 pp +5.2 pp 22.2% 22.1% 6.6% 13.0 12.2 9.6% 9.3% ARD-III 7.3% 6.9% 8.0

14. Slide 14: Acquisition of Smartclip adds European scale and technology

    Mediengruppe RTL Deutschland Acquisition of Smartclip adds European scale and technology  Advanced multi-screen video Supply Side Platform (SSP), ad server & ad exchange  Strong publisher base (in Germany, Nordics, Italy and the Netherlands)  120 FTEs, headquartered in Hamburg with offices across

15. Slide 15: Groupe M6: Gaining audience share

    Groupe M6 Gaining audience share FAMILY OF CHANNELS Women < 50 responsible GROUPE M6 21.7% KEY FINANCIALS for purchases (in %), HY 2016 In € million REVENUE EBITA 15.8% Others +2.5% 34.6% 5.9% 648 632 +32.4% 139 105 France 3 3.7% 31.4% 8.6% France 2 Groupe TF1 HY 2015 HY 2016 HY 2015 HY 2016 Source:

16. Slide 16: RTL Nederland: Stable audience share with slight decrease in EBITA

    RTL Nederland Stable audience share with slight decrease in EBITA FAMILY OF CHANNELS 20 – 49, Primetime RTL Nederland 32.8% KEY FINANCIALS (in %), HY 2016 (in € million) REVENUE EBITA Others 21.7% 19.1% +4.4% 236 -3.7% 226 13.7% 27 26 25.3% 20.2% Pubcaster SBS HY 2015 HY 2016 HY 2015 HY 2016 Source:

17. Slide 17: Other markets: Varied performance across rest of operations

    Other markets Varied performance across rest of operations BELGIUM 104 HUNGARY 45  Clear market leader  EBITA down following  Stable revenue in weak one-offs last year 22 5 ad market FRENCH RADIO 84 CROATIA 19  #1 Radio in France  Revenue growth  Revenue and EBITA up out-performed market 11 0

18. Slide 18: FremantleMedia: Revenue impacted by lower growth in the US

    FremantleMedia Revenue impacted by lower growth in the US REVENUE BRIDGE HY2015 – HY2016 EBITA In € million In € million +10 (19) +21 (20) 637 (11) +7.1% 618 FX Effect of Production & Production & Phasing & other 30 timing of acquisitions volume changes in volume changes in changes and start-ups oth

19. Slide 19: FremantleMedia: Strategic talent and M&A deals

    FremantleMedia Strategic talent and M&A deals agreed over last 12 months Strategic priorities Deals already contributing IP DATE HOLDING # of IP Jan 2015 25% 2 Shows in funded development SCRIPTED Developing the pipeline Sep 2015 51% 3 Shows in production or funded development SCRIPTED Shows in prod

20. Slide 20: Multi-channel networks: Strong video view and revenue growth continues

    Multi-channel networks Strong video view and revenue growth continues #1 Global MCN #1 Fashion MCN #1 European MCN VIDEO VIEWS VIDEO VIEWS VIDEO VIEWS In billion In billion In billion +289% +63% +122% 90.6 11.6 10.0 7.1 23.3 4.5 HY 2015 HY 2016 HY 2015 HY 2016 HY 2015 HY 2016 Source: Internal figure

21. Slide 21: Ad-tech: Offering publishers 'Total Video' monetisation at scale

    Ad-tech Offering publishers ‘Total Video’ monetisation capabilities at scale Demand-side Ad- Supply Side Advertiser Publisher platform (DSP) server platform (SSP) Multi-screen delivery / ad-serving SSP / Yield optimisation Booking, reporting and forecasting tools 1,300 Addressable TV (Connected TV /

22. Slide 22: Agenda

    Agenda 1 2 3 4 2016 Half-year Group Business Outlook 2016 2016 highlights financials update 22

23. Slide 23: Outlook for 2016: raising EBITA guidance

    RTL Group Outlook for 2016: raising EBITA guidance Revenue expected to grow 1 moderately, in line with previous guidance Reported EBITA now expected to show slight growth – raised 2 guidance following strong H1 2016 23

24. Slide 24: Disclaimer

    Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is furnished to you solely for your information and use at this meeting. It contains summary information only and does not purport to be comprehensive or complete, and it is not intended to be (and

RTL Group — H1 2016 Earnings Presentation on 6ix