Slide 1: Full Year Results 2009
L L Y E A R FU 09 UL T S 2 0 RES h 2010 11 Marc eiler & Gerhard Z gen Elmar Heg The leading European entertainment network
Slide 2: Agenda: Introduction
Agenda ● INTRODUCTION ○ Cost Reduction and Audience Share Update ○ Business Review ○ Financial Review ○ Outlook The leading European entertainment network
Slide 3: RTL Group Highlights 2009
RTL Group Highlights 2009 Down Down 64 m 61 m EUR 3 EUR 1 EBITA MARGIN REVENUE REPORTED EBITA 14% EUR 5.4 billion EUR 755 million CASH CONVERSION 106% Audience share gains NET CASH POSITION UNDERLYING in major markets EUR 789 million COST SAVINGS GERMANY, FRANCE, EUR 371million NETHERLANDS DIVIDEND
Slide 4: Agenda: Cost Reduction and Audience Share Update
Agenda ○ Introduction ● COST REDUCTION AND AUDIENCE SHARE UPDATE ○ Business Review ○ Financial Review ○ Outlook The leading European entertainment network
Slide 5: RTL Group Highlights 2009: Underlying Cost Base
RTL Group Highlights 2009 UNDERLYING COST BASE (in EUR million) 371 million EUR cost saving 4,842 4,471 87% of lost underlying revenue compensated by cost savings 2008 adjusted 2009 adjusted cost base cost base Note : Cost bases adjusted for scope and restructuring related costs 4
Slide 6: Increasing Audience Shares, Despite Cost Reductions in Core TV Business
Increasing Audience Shares, Despite Cost Reductions in Core TV Business COST SAVING COMPENSATION AUDIENCE SHARE VAR. 2009 VS. 2008 REVENUE LOSS 2009 VAR. 2009 VS. 2008 -189m EUR -14% -226 m EUR 84% 34.4% +1.5p -36m EUR -7% -53m EUR 68% 21.6% +0.4p -41m EUR -14% -50m EUR 82% 32.3% +1.8p -65m GBP -19%
Slide 7: Agenda: Business Review
Agenda ○ Introduction ○ Cost Reduction and Audience Share Update ● BUSINESS REVIEW ○ Financial Review ○ Outlook The leading European entertainment network
Slide 8: Germany – Mediengruppe RTL Deutschland
Germany – Mediengruppe RTL Deutschland Full Year Results 2009 AUDIENCE SHARE 14-49 (in %) KEY FINANCIALS (in EUR million) RTL 2,020 1,732 ROS ROS 21.1% 20.5% P7S1 366 414 FY 2009 FY 2008 Revenue EBITA AUDIENCE SHARE 14-49 (in %) SHARE OF NET ADVERTISING MARKET (in %) +1.2 +/-0 +0.1 +0.1 +/-0 +0.6 RT
Slide 9: France – Groupe M6
France – Groupe M6 Full Year Results 2009 AUDIENCE SHARE – MAIN CHANNELS NET ADVERTISING MARKET (in %) HOUSEWIVES <50 ALL DAY (in %) FY 2009 VS. FY 2008 -0.3 -1.1 -0.3 -1.2 +2.9 Market M6 TF1 AUDIENCE SHARE – FAMILY OF CHANNELS KEY FINANCIALS (in EUR million) HOUSEWIVES <50 ALL DAY (in %) 1,377 1,35
Slide 10: FremantleMedia Full Year Results 2009
FremantleMedia Full Year Results 2009 KEY FACTS 2009 KEY FINANCIALS (in EUR million) ● Continues to produce top rated entertainment shows across the US, UK, Germany, Australia 1,203 1,183 and France o American Idol remained the country’s most watched prime time entertainment show for the fifth conse
Slide 11: UK Five Full Year Results 2009
UK Five Full Year Results 2009 SHARE OF ADULT VIEWING – ALL DAY (in %) NET ADVERTISING DEVELOPMENT (in %) FY 2009 VS. FY 2008 FIVE NET AD SHARE 1) -0.9 -0.4 -0.7 -0.8 -0.1 +2.9 IN LOCAL CURRENCY Market Five 1) 1) Five family spot advertising revenue < AUDIENCE SHARE - FAMILY OF CHANNELS KEY FINANCIA
Slide 12: Netherlands – RTL Nederland & Radio 538
Netherlands – RTL Nederland & Radio 538 Full Year Results 2009 AUDIENCE SHARE: SHP 20-49, PRIMETIME (in %) SHARE OF NET ADVERTISING MARKET (in %) FY 2009 FY 2008 Others Others +2.1 -1.9 +0.6 +0.3 -0.1 STER RTL STER RTL Ad market -10.7% SBS SBS Source : RTL Group estimates AUDIENCE SHARE – FAMILY OF
Slide 13: Belgium – RTL Belgium
Belgium – RTL Belgium Full Year Results 2009 AUDIENCE SHARE: SHP 18-54, PRIMETIME (in %)1) NET ADVERTISING DEVELOPMENT (in %) FY 2009 VS. FY 2008 +2.6 -0.2 -0.3 -0.3 Market RTLTVI RTBF AUDIENCE SHARE – FAMILY OF CHANNELS KEY FINANCIALS (in EUR million) 216 203 +2.9 -0.6 -0.3 -1.0 ROS 52 ROS 45 17.7%
Slide 14: France - RTL Radio Full Year Results 2009
France - RTL Radio Full Year Results 2009 AVERAGE AUDIENCE SHARE 2009 – 13+, 5-24H, MON – FRI (in %) RTL STATIONS NRJ GROUP LAGARDÈRE PUBCASTER OTHER 19.1 -0.7p 15.1 -0.8p 14.1 -0.1 19.2 +1.2p -0.6 +/-0 -0.1 -0.6 -0.3 +0.1 +/-0 +0.4 -0.3 -0.2 +0.9 +0.4 -0.1 +0.4 +/-0 -0.2 -0.1 12.4 10.1 9.8 8.3 5.6
Slide 15: Croatia - RTL Televizija
Croatia - RTL Televizija Full Year Results 2009 AUDIENCE SHARE: 18-49, ALL DAY (in %) KEY FINANCIALS (in EUR million) -0.2 +0.3 -0.7 -2.3 FY 2009 FY 2008 Revenue EBITA NET ADVERTISING DEVELOPMENT (in %) SHARE OF NET ADVERTISING MARKET (in %) FY 2009 VS. FY 2008 FY 2009 FY 2008 Market RTL HTV Nova No
Slide 16: Hungary – RTL Klub
Hungary – RTL Klub Full Year Results 2009 AUDIENCE SHARE: 18-49, PRIMETIME (in %) KEY FINANCIALS 100% VIEW (in HUF million) -1.9 -2.6 -2.0 +3.0 35,614 28,727 ROS ROS 17.4% 18.3% 6,524 5,006 FY 2009 FY 2008 Revenue EBIT NET ADVERTISING DEVELOPMENT (in %) GROUP CONTRIBUTION (in EUR million) FY 2009 VS
Slide 17: Greece – Alpha Media Group
Greece – Alpha Media Group Full Year Results 2009 AUDIENCE SHARE: 15-44, ALL DAY (in %) NET AD DEVELOPMENT (in %) +1.2 FY 2009 VS. FY 2008 -0.6 +0.9 +/-0 Market Alpha Mega Antenna Star Source : RTL Group estimates AUDIENCE SHARE: PRIMETIME (in %) KEY FINANCIALS (in EUR million) FIRST TIME FULL YEAR
Slide 18: Spain – Antena 3
Spain – Antena 3 Full Year Results 2009 AUDIENCE SHARE: 16-54 - ALL DAY (in %) KEY FINANCIALS 100% VIEW (in EUR million) -1.4 -3.9 +0.1 +0.1 +1.6 833 704 ROS ROS 11.5% 19.7% 81 164 FY 2009 FY 2008 Revenue EBITDA NET AD DEVELOPMENT (in %) GROUP CONTRIBUTION (in EUR million) FY 2009 vs. FY 2008 EBITA
Slide 19: Russia – Ren TV
Russia – Ren TV Full Year Results 2009 AUDIENCE SHARE: 18-54, ALL DAY (in %) KEY FINANCIALS 100% VIEW (in EUR million) -1.5 -1.4 +0.5 +0.1 +0.3 +0.4 133 ROS ROS 84 11.9% 17.3% 23 10 FY 2009 FY 2008 Revenue EBITA NET AD DEVELOPMENT (in %) GROUP CONTRIBUTION (in EUR million) FY 2009 VS FY 2008 - IN LO
Slide 20: Agenda: Financial Review
Agenda ○ Introduction o Cost Reduction and Audience Share Update o Business Review ● FINANCIAL REVIEW ○ Outlook The leading European entertainment network 19
Slide 21: Review of Results 31 December 2009 (1/2)
Review of Results 31 December 2009 (1/2) Full Year to Full Year to Per cent In EUR million December 2009 December 2008 change REVENUE 5,410 5,774 -6.3 REPORTED EBITA 755 916 -17.6 Restructuring charges 34 32 Start-up losses 46 23 ADJUSTED EBITA 835 971 -14.0 Reported EBITA margin (%) 14.0 15.9 -1.9p
Slide 22: Review of Results 31 December 2009 (2/2)
Review of Results 31 December 2009 (2/2) In EUR million Full Year to Full Year to Per cent December 2009 December 2008 change REPORTED EBITA 755 916 -17.6 Impairment of goodwill and amortisation and (247) (407) impairment of fair values Gain/(loss) from sale of subsidiaries, joint ventures - (9) and
Slide 23: Cash Flow Statement as of 31 December 2009
Cash Flow Statement as of 31 December 2009 In EUR million Full Year to Full Year to December 2009 December 2008 NET CASH FLOW FROM OPERATING ACTIVITIES 763 1,065 Add: Income tax paid 224 135 Less: Acquisition of assets, net (189) (158) Equals: Reported free cash flow (FCF) 798 1,042 Acquisition of s
Slide 24: Agenda: Outlook
Agenda ○ Introduction ○ Cost Reduction and Audience Share Update ○ Business Review ○ Financial Review ● OUTLOOK The leading European entertainment network
Slide 25: Outlook
Outlook ► Cautious outlook for advertising - not expecting quick recovery to previous levels ► Cost control measures continue ► Continue to invest in future growth areas 24