Slide 1: Entertain. Inform. Engage.
Entertain. Inform. Engage.
Slide 2: Agenda
Agenda 1 2 3 4 2017 Q1 2017 Full-year Group Business 2016 highlights highlights financials update Outlook 2
Slide 3: Q1 2017 Highlights
Q1 2017 Highlights Soft start into 2017 given comp’s & non-renewal of American Idol -1.9% € 1,405 million 116 % Revenue Cash conversion EBITA Margin EBITDA Margin 19.3% 18.8 € 264 million -8.3% € 137 million EBITDA € 218 million -4.8% Net profit EBITA 3
Slide 4: Agenda
Agenda 1 2 3 4 2017 Q1 2017 Full-year Group Business 2016 highlights highlights financials update Outlook 4
Slide 5: Review of results March 2017: Revenue, EBITDA and EBITA lower
Review of results 31 March 2017 Revenue, EBITDA and EBITA at lower levels than previous year highs Quarter to Quarter to Per cent In € million March 2017 March 2016 change Revenue 1,405 1,432 -1.9 Underlying revenue 1,375 1,430 -3.9 Operating cost base 1,207 1,240 -2.7 EBITDA 264 288 -8.3 EBITDA mar
Slide 6: Review of results March 2017: Stable net profit
Review of results 31 March 2017 Stable net profit Quarter to Quarter to Per cent In € million March 2017 March 2016 change EBITDA 264 288 -8.3 Depreciation, amortisation and impairment (50) (63) Re-measurement of earn-out arrangements (1) - Re-measurement to fair value of pre-existing interest in ac
Slide 7: Review of results March 2017: High level of cash generation
Review of results 31 March 2017 High level of cash generation maintained Quarter to Quarter to In € million March 2017 March 2016 Net cash flow from operating activities 220 319 Add: Income tax paid 55 51 Less: Acquisition of assets, net (23) (26) Equals: Reported free cash flow (FCF) 252 344 EBITA
Slide 8: Agenda
Agenda 1 2 3 4 2017 Q1 2017 Group Business highlights financials update Outlook 8
Slide 9: Mediengruppe RTL Deutschland
Mediengruppe RTL Deutschland Improved audiences; revenue slightly up in slow start to ad market FAMILY OF CHANNELS -1 to -2% 14 to 59, Q1 2017 MG RTL 29.5% KEY FINANCIALS TV ad market In € million REVENUE EBITDA Others 12.2% 23.0% 7.0% 526 515 ARD-III Audience 10.3% 7.3% share up 7.6% 169 168 ARD 8.
Slide 10: Groupe M6
Groupe M6 Strong advertising revenue; re-investments into grid FAMILY OF CHANNELS +2% Women < 50 responsible GROUPE M6 22.2% KEY FINANCIALS TV ad market for purchases, Q1 2017 In € million REVENUE EBITDA 15.6% Others 34.3% 6.6% 324 Audience 313 share up 90 76 France 3 3.5% 32.3% 7.7% France 2 Groupe
Slide 11: RTL Nederland
RTL Nederland TV ad market remains difficult FAMILY OF CHANNELS KEY FINANCIALS -5% 20 to 49, Prime time, RTL Nederland 32.6% (in € million) TV ad market Q1 2017 REVENUE EBITDA Others 22.0% 18.4% 109 104 Clear market 14.2% leader 26.8% 3 18.6% 1 Pubcaster SBS 2016 2017 2016 2017 Source: SKO SBS: SBS6
Slide 12: FremantleMedia
FremantleMedia Revenue impacted by non-renewal of American Idol KEY FINANCIALS In € million REVENUE EBITDA Two new talent deals Others 5 US 340 26 production & gaming FX Acquisitions 274 (95) (2) 19 13 25% equity stakes both to develop scripted series 2016 2017 2016 2017 12
Slide 13: Digital
Digital Growth in video views and revenue continues VIDEO VIEWS RTL GROUP DIGITAL REVENUE In billion In € million Non-advertising +53% Advertising +48% 89.5 178 58.4 120 88 18.7 Q1 2015 Q1 2016 Q1 2017 Q1 2015 Q1 2016 Q1 2017 6.7% % of total RTL revenue 12.7% 13
Slide 14: Agenda
Agenda 1 2 3 4 2016 2017 Q1 2017 Group Business Outlook highlights financials update 2017 Outlook 14
Slide 15: Confirming outlook for 2017
RTL Group Confirming outlook for 2017 Revenue expected to grow 1 moderately, predominantly driven by the Group’s digital businesses EBITDA (on a reported basis) 2 to be broadly stable 15
Slide 16: 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
Slide 17: Additional information: Revenue mix
Additional information Revenue mix RTL GROUP Q1 2017 REVENUE SPLIT In % Other1) 10.8 TV advertising Digital 12.7 Content €1.4 bn 49.2 17.3 Platform revenue 5.9 4.1 Radio advertising 1) Other include home shopping, merchandising, e-commerce, technical services... 17