Slide 1: RTL Group Full-Year Results 2020
12 March 2021 RTL GROUP FULL-YEAR RESULTS 2020 Entertain. Inform. Entertain. Engage. Inform. Engage.
Slide 2: Agenda
AGENDA / HIGHLIGHTS / GROUP FINANCIALS / OPERATIONS / STRATEGY & OUTLOOK Let‘s Dance (RTL Television) Entertain. Inform. Engage.
Slide 3: Highlights
HIGHLIGHTS The Voice of Holland (RTL 4)
Slide 4: Resilience and Transformation
Highlights RESILIENCE AND TRANSFORMATION High audience ratings: Outperformance of 1 commercial competitors in GER, FR and NL Boost of streaming services: paying subscribers in 2 GER and NL up 52% to 2.19 million Resilient core business: more than 70% of revenue 3 decrease offset by cost savings on a
Slide 5: Group Financials
GROUP FINANCIALS La France a une incroyable Talent (M6) La France a une incroyable Talent (M6)
Slide 6: Key Financials
Group Financials KEY FINANCIALS Revenue Adjusted EBITA1 Profit for the year in € million in € million in € million Change -9.5% Margin 17.4% 14.2% 6,651 6,017 1,156 853 864 625 2019 2020 2019 2020 2019 2020 6 Note: 1. For definition, see page 25
Slide 7: Strong rebound of TV advertising in Q3 and Q4
Group Financials STRONG REBOUND OF TV ADVERTISING IN Q3 AND Q4 3% TV advertising revenue -6% -2% in %, change yoy -10% -40% Adjusted EBITA broadcasting businesses1 0.27 0.55 0.81 in € billion vs. prior year -0.25 +0.02 -0.24 Q1 Q2 Q3 Q4 Full year 7 Note: 1. Incl. Mediengruppe RTL Deutschland, Groupe
Slide 8: More than 70% of revenue decrease offset on a comparable basis
Group Financials MORE THAN 70% OF REVENUE DECREASE OFFSET ON A COMPARABLE BASIS In € million Compensation rate: 52% thereof programme costs1 43pp thereof personnel/other costs 9pp 1,156 On a comparable basis2: >70% 853 -634 +331 Adjusted EBITA 2019 Revenue Cost Adjusted EBITA 2020 decrease compensat
Slide 9: Active cash management leads to conversion rate of 123%
Group Financials ACTIVE CASH MANAGEMENT LEADS TO CONVERSION RATE OF 123% Full year to Full year to In € million December 2020 December 2019 Net cash from operating activities 933 1,055 Add: Income tax paid 248 334 Less: Acquisition of assets, net (176) (190) Equals: Operating free cash flow (FCF) 1,
Slide 10: Disposals of non-core assets lead to higher capital gains
Group Financials DISPOSALS OF NON-CORE ASSETS LEAD TO HIGHER CAPITAL GAINS Full year to Full year to In € million December 2020 December 2019 Adjusted EBITA 853 1,156 Significant special items1 (34) (17) EBITA 819 1,139 Gain/(loss) from sale of subsidiaries, other investments and re-measurement to f
Slide 11: Proposal in line with dividend policy
Group Financials PROPOSAL IN LINE WITH DIVIDEND POLICY Full year to In € million December 2020 Profit for the year attributable to RTL Group shareholders 492 Adjustments 71 Adjusted profit for the year attributable to RTL Group shareholders 563 from ordinary activities 466 from cash capital gains 97
Slide 12: Operations
OPERATIONS The Masked Singer (RTL 4)
Slide 13: Mediengruppe RTL Deutschland
Mediengruppe RTL Deutschland 70% OF REVENUE DECREASE OFFSET ON A COMPARABLE BASIS – SIGNIFICANT INVESTMENTS IN STREAMING AND AD-TECH Key financials Family of channels HIGHLIGHTS In € million Audience shares 14 to 59, FY 2020 Revenue Adjusted EBITA 27.5%1 Strong news ratings for RTL and NTV 10.2% Oth
Slide 14: Groupe M6
Groupe M6 REVENUE DECREASE LARGELY OFFSET, HIGHER MARGIN Key financials¹ Family of channels HIGHLIGHTS In € million Audience shares Women < 50 responsible Revenue for purchases, FY 2020 Adjusted EBITA 22.7% News shows with massive audience growth in 2020 14.4% Others 1,456 32.9% Launch of French 8.3
Slide 15: RTL Nederland: Significant gains in audience share
RTL Nederland SIGNIFICANT GAINS IN AUDIENCE SHARE Key financials Family of channels HIGHLIGHTS In € million Audience shares Adults 25 to 54, prime time, Revenue FY 2020 Adjusted EBITA 31.7% Main channel RTL 4 with significant audience share gains, driven by The Masked Singer, Lego Masters, Others Th
Slide 16: Fremantle: Creative successes across all genres
Fremantle CREATIVE SUCCESSES ACROSS ALL GENRES Key financials HIGHLIGHTS In € million Revenue Adjusted EBITA Strict safety protocols implemented – productions gradually resumed after first lockdowns: 1,793 54 dramas delivered 1,537 26 different gameshow formats aired working on the realisation of at
Slide 17: Strategy & Outlook
STRATEGY & OUTLOOK American Gods Season 3
Slide 18: Strategic framework unchanged: Core Growth Alliances+
Strategy STRATEGIC FRAMEWORK UNCHANGED CORE GROWTH ALLIANCES+ PORTFOLIO PARTNERSHIPS TRANSFORMATION CREATIVITY & PEOPLE COMMUNICATIONS & REGULATION ENTREPRENEURSHIP MARKETING ENABLER 18
Slide 19: Drivers for long-term portfolio transformation
Strategy DRIVERS FOR LONG-TERM PORTFOLIO TRANSFORMATION LINEAR NON-LINEAR CONTENT ◼ High-quality ad inventory ◼ Subscriber growth ◼ Global demand from TV networks/streamers and ◼ CPMs ◼ Viewing time increase across all genres ◼ Addressable TV ◼ ARPU ◼ Scripted and high-end documentaries ◼ Platform r
Slide 20: Higher reach in linear and non-linear
Strategy HIGHER REACH IN LINEAR AND NON-LINEAR Total viewing time of RTL Deutschland in million hours Linear1 -1% +4% 22,038 21,711 22,484 Non-linear2 +35% +21% 377 231 280 2018 2019 2020 Ninja Warrior (RTL Television) 20 1. AGF in cooperation with GFK, videoSCOPE 1.4, market standard: TV; incl. lin
Slide 21: Growth opportunity addressable TV
Strategy GROWTH OPPORTUNITY ADDRESSABLE TV TARGET 2025 Addressable TV revenue RTL Deutschland1 ◼ Combine value of TV and digital advertising: in € million >2002 Linear TV Addressable TV >70% p.a. ▪ Brand safety ▪ Behavioral data ▪ Mass reach + ▪ Real time ▪ Geo data <15 2020 2025 ◼ Attract new adver
Slide 22: Building national streaming champions
Strategy BUILDING NATIONAL STREAMING CHAMPIONS TARGETS 2025¹ Paying subscribers +52% in million UNCHANGED 2.19 1.44 0.90 0.65 1.29 5m to 7m paying subscribers 0.78 2019 2020 > €500m streaming revenue Key figures1 in € million ~ €350m content spend p.a. Revenue2 141 170 break-even adjusted EBITA Cont
Slide 23: Outlook 2021
RTL Group OUTLOOK 2021 The following outlook assumes that the economic recovery continues in 2021, in particular in Q2/2021, as current lockdown measures are gradually eased and vaccination programmes against Covid-19 progress. 2020 2021e Revenue €6,017m ~€6,200m Adjusted EBITA €853m ~€975m Streamin
Slide 24: #RTLRESULTS
#RTLRESULTS Entertain. Inform. Engage.
Slide 25: Definitions
DEFINITIONS Alternative performance measure Explanation Adjusted EBITA represents a recurring operating result and excludes significant special items. RTL Group management has established an “Adjusted EBITA” that neutralises the impacts of structural distortions for the sake of transparency to the r
Slide 26: Definitions
DEFINITIONS Alternative performance measure Explanation Operating cash conversion rate Operating cash conversion rate means operating free cash flow divided by EBITA. The net debt is the gross balance sheet financial debt adjusted for “Cash and cash equivalents”; cash pooling accounts receivable wit
Slide 27: Disclaimer
DISCLAIMER This pre sentatio n is not an offer or solici tatio n of an offer to bu y o r s ell s ecurities . It is furnishe d to you sol el y for you r i nformation an d us e a t this meeting. It c onta ins summary informatio n onl y and do es not p urpo rt to be compre h ensi ve o r complete , and