Slide 1: The leading European entertainment network
The leading European entertainment network GROUP
Slide 2: Agenda
Agenda 1 2 3 4 2014 Quarter 1 2014 Group Business Outlook highlights financials segments 2014 2
Slide 3: Good start into 2014
1 2 3 4 5 Good start into 2014 € 1,313 million Revenue 112 % Cash conversion rate 14.8% EBITA Margin € 194 million Reported EBITA continuing operations € 92 million Net profit 3
Slide 4: Agenda
Agenda 1 2 3 4 2014 Quarter 1 2014 Group Business Outlook highlights financials segments 2014 4
Slide 5: Review of results 31 March 2014: Revenue & EBITA
1 2 3 4 5 Review of results 31 March 2014 Revenue & EBITA Per 3 months to 3 months to 3 months to cent In € million March 2014 March 2013 * March 2013 change Revenue 1,313 1,317 1,329 (0.3) Underlying revenue 1,306 1,317 1,329 (0.8) Operating cost base 1,131 1,121 1,130 0.9 Reported EBITA 194 207 20
Slide 6: Review of results 31 March 2014: EBITA to net profit bridge
1 2 3 4 5 Review of results 31 March 2014 EBITA to net profit bridge Per 3 months to 3 months to cent In € million March 2014 March 2013 change Reported EBITA 194 207 (6.3) Reversal of impairment of investments accounted for using the equity method; amortisation and impairment of fair value (2) 11 a
Slide 7: Review of results 31 March 2014: Cash Flow statement
1 2 3 4 5 Review of results 31 March 2014 Cash Flow statement 3 months to 3 months to In € million March 2014 March 2013 * Net cash flow from operating activities 205 337 Add: Income tax paid 50 25 Less: Acquisition of assets, net (37) (9) Equals: Reported free cash flow (FCF) 218 353 Acquisition of
Slide 8: Agenda
Agenda 1 2 3 4 2014 Quarter 1 2014 Group Business Outlook highlights financials segments 2014 8
Slide 9: Mediengruppe RTL Deutschland: Maintaining audience share lead
1 2 3 4 5 Mediengruppe RTL Deutschland Maintaining audience share lead FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %) 14 – 59 (in %) -0.8 +0.3 +0.3 -0.2 +0.1 -1.1 14.2 32.4 32.6 31.5 31.3 9.6 30.6 8.5 8.8 8.4 30.3 6.7 RTL 27.4 26.9 26.0 25.5 25.2 25.2 RTL Sat 1 Pro 7 ZDF ARD Vox P7S1 -0.1 +/-0 -0.1 +0
Slide 10: Mediengruppe RTL Deutschland: Stable EBITA
1 2 3 4 5 Mediengruppe RTL Deutschland Stable EBITA NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2014 vs. Q1 2013 (in %) REVENUE EBITA -0.9% 29.6% ROS 29.8% MG RTL Market Deutschland 453 449 +/-0% +/-0 % 134 134 -2.0% 2013 2014 2013 2014 Source: RTL Group estimates, MG RTL
Slide 11: Groupe M6: Stable audience share performance
1 2 3 4 5 Groupe M6 Stable audience share performance FAMILY OF CHANNELS BY CHANNEL Housewives <50, all day (in %) Housewives <50 all day (in %) +/-0 -1.3 +0.2 +0.2 34.1 33.3 33.0 32.6 32.2 32.0 Groupe 24.3 TF1 16.0 10.0 4.7 21.5 21.2 21.0 20.9 20.5 20.4 Groupe M6 TF1 France 2 France 3 M6 -0.5 +0.8
Slide 12: Groupe M6: Continued difficult market conditions
1 2 3 4 5 Groupe M6 Continued difficult market conditions NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2014 vs. Q1 2013 (in %) REVENUE EBITA -0.3% 17.3% ROS 12.4% Market M6 TF1 0.3 347 346 -28.3% < -2.0 -1.8 60 43 2013 2014 2013 2014 M6 and TF1 as reported 12
Slide 13: RTL Nederland: Nearly stable audience share
1 2 3 4 5 RTL Nederland Nearly stable audience share FAMILY OF CHANNELS BY CHANNEL 20 – 49, Primetime (in %) 20 – 49, Primetime (in %) 35.2 -0.4 +3.5 +0.7 -3.0 +0.7 33.5 33.0 19.4 32.9 RTL 17.9 32.3 31.7 9.1 29.1 5.3 5.2 27.3 26.8 28.3 25.3 25.3 RTL 4 Ned 1 SBS 6 Ned 3 RTL 5 26.8 24.0 Pubcast. 22.8
Slide 14: RTL Nederland: Revenue and EBITA growth
1 2 3 4 5 RTL Nederland Revenue and EBITA growth NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2014 vs. Q1 2013 (in %) REVENUE EBITA +8.9% 4.4% ROS 6.1% Market RTL Nederland 98 6.8 +50.0% 5.5 90 6 4 2013 2014 2013 2014 Source: RTL Group estimates (spot) 14
Slide 15: FremantleMedia: Higher revenue and stable EBITA
1 2 3 4 5 FremantleMedia Higher revenue and stable EBITA KEY FINANCIALS REVENUE BRIDGE 2013 – 2014 (in € million) (in € million) REVENUE EBITA 29 (22) 313 301 (7) 12 313 3.3% ROS 2.9% 301 FX European North Asia, LatAM impact production America & Other & Licensing 10 9 2013 2014 2013 2014 2013 2014 1
Slide 16: Agenda
Agenda 1 2 3 4 2014 5 Quarter 1 2014 Group Business Outlook Strategy highlights financials segments 2014 update 16
Slide 17: RTL Group: Outlook for 2014 confirmed
1 2 3 4 2014 RTL Group Outlook for 2014 confirmed RTL Group expects its total revenue and EBITA to be broadly stable, at constant 1 scope and exchange rates, providing the European debt recovery continues RTL Group’s operating cash conversion rate, historically close to 100 per cent, 2 is not expect
Slide 18: 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 19: Review of results 31 March 2014: Net interest
1 2 3 4 5 Review of results 31 March 2014 Net interest 3 months to 3 months to In € million March 2014 March 2013 Total net interest expense (9) (3) Of which: IAS 19 related interest expense (2) (2) Tax related net interest (expense) (3) - Other discount effects (2) (2) Net interest income/(expense)
Slide 20: Review of results 31 March 2014: Financial results
1 2 3 4 Review of results 31 March 2014 Financial results 3 months to 3 months to In € million March 2014 March 2013 Financial results other than interest (2) 1 Of which: Swap points (1) - Net gain on financial instruments at fair value through income - 2 statement Net gain and impairment on availab
Slide 21: The leading European entertainment network
The leading European entertainment network GROUP