Rtl Group S.a. · LUXSE:RTLL
Rtl — Non-Deal Roadshow (March 2014)
34 slides from Rtl's roadshow presentation, March 2014
Slide 1: The leading European entertainment network
The leading European entertainment network I0|2 Deutsche Bank US roadshow, March 2014
Slide 2: Full-year 2013 highlights
1 2 3 4 2014 5 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update 2
Slide 3: Revenue, EBITA and cash conversion highlights
1 2 3 4 5 Revenue Cash conversion rate YoY growth: EBITA Margin YoY growth: +6.9% +45.7% Reported EBITA continuing operations Net profit 3
Slide 4: Largest European media IPO, profit up, high cash generation
1 2 3 4 5 Largest European media IPO* All profit indicators up High cash generation Increase of EBITA YoY Total dividends stock price**: growth: for 2013: May Jul Sep Nov Dec per share 2013 2013 2013 2013 2013 More efficient capital structure, Higher EBITA margin and Enabling attractive dividend inc
Slide 5: Full-year financials
1 2 3 4 2014 5 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update 5
Slide 6: Full-year to December 2013 results
1 2 3 4 5 Full-year to Full-year to Per cent In € million December 2013 December 2012 change Revenue 5,889 5,998 (1.8) Underlying revenue 5,914 5,998 (1.4) Operating cost base 4,830 4,992 (3.2) Reported EBITA 1,152 1,078 +6.9 Reported EBITA margin (%) 19.6 18.0 +1.6pp Reported EBITDA 1,338 1,257 +6.
Slide 7: Adjusted net result and dividend
1 2 3 4 5 Full-year to In € million December 2013 Profit for the year attributable to RTL Group shareholders 870 Adjustments for: Reversal of Atresmedia impairment (72) Non-cash gain on redevelopment of land, Luxembourg (19) Gain on sale of non-monetary assets (49) Adjusted net result 730 Ordinary d
Slide 8: Ordinary and extraordinary dividends
1 2 3 4 5 Extraordinary interim dividend Proposed dividends reflect strong cash flow Paid in September 2013 as well as future investment plans Ordinary dividend Ordinary dividend in line with Proposed, to be paid in May 2014 RTL Group’s payout policy Extraordinary dividend ensures conservative net E
Slide 9: Segments
1 2 3 4 2014 5 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update 9
Slide 10: Family of channels Germany audience shares
1 2 3 4 5 FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %) 14 – 59 (in %) -1.1 -0.6 -0.1 -0.2 -0.5 -0.1 32.6 13.9 32.4 31.5 31.3 9.5 30.6 8.8 8.5 8.0 30.1 7.4 RTL 26.9 27.4 26.9 26.0 25.2 25.2 RTL Sat 1 Pro 7 ZDF ARD Vox P7S1 +0.2 +/-0 -0.1 +0.2 +/-0 +0.5 5.8 5.3 1.7 1.0 1.0 0.9 2008 2009 2010 2011 2012
Slide 11: Mediengruppe RTL Deutschland net TV advertising
1 2 3 4 5 NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) FY 2013 vs. FY 2012 (in %) REVENUE EBITA +1.1% 29.3% ROS 31.1% 1,982 2,003 + 2.2% +7.1% +1.0 to 2.0% 622 581 Market MG RTL 2012 2013 2012 2013 Deutschland Source: RTL Group estimates, MG RTL De including RTL II and Super R
Slide 12: Family of channels France audience shares
1 2 3 4 5 FAMILY OF CHANNELS BY CHANNEL Housewives <50, all day (in %) Housewives <50 all day (in %) -0.8 -0.3 -1.0 -0.5 34.1 32.9 33.3 33.0 32.6 25.2 32.2 Groupe TF1 16.2 10.0 4.5 21.5 21.2 21.0 20.0 20.5 20.4 Groupe M6 TF1 France 2 France 3 M6 -0.2 +1.3 -0.3 +0.2 +0.8 4.0 3.7 3.7 2.9 0.8 2008 2009
Slide 13: Groupe M6 net TV advertising
1 2 3 4 5 NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) FY 2013 vs. FY 2012 (in %) REVENUE EBITA -0.3% 16.1% ROS 15.0% Market M6 TF1 1,387 1,383 -0.6 -7.6% < -4.0 224 207 -5.0 2012 2013 2012 2013 M6 and TF1 as reported 13
Slide 14: Family of channels Netherlands audience shares
1 2 3 4 5 FAMILY OF CHANNELS BY CHANNEL 20 – 49, Primetime (in %) 20 – 49, Primetime (in %) 35.2 +0.4 -3.8 -0.8 +0.3 +0.1 33.5 18.9 32.9 RTL 32.3 31.7 13.6 30.1 8.4 8.1 29.1 6.0 28.3 29.3 27.3 25.3 25.3 RTL 4 Ned 1 SBS 6 Ned 3 RTL 5 26.9 26.8 24.0 Pubcast. 22.8 +/-0 +0.3 +0.8 -0.2 +0.4 20.0 20.0 6.2
Slide 15: RTL Nederland net TV advertising
1 2 3 4 5 NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) FY 2013 vs. FY 2012 (in %) REVENUE EBITA +5.6% 22.5% ROS 22.6% Market RTL Nederland 455 +/-0 431 +6.2% 103 97 -3.0 2012 2013 2012 2013 Source: RTL Group estimates (spot and non-spot) 15
Slide 16: FremantleMedia key financials and revenue bridge
1 2 3 4 5 KEY FINANCIALS REVENUE BRIDGE 2012 – 2013 (in € million) (in € million) REVENUE EBITA 1,711 1,711 51 81 1,533 43 3 1,533 8.1% ROS 8.9% Negative European Branded Other FX production entertainment & licensing 138 136 2012 2013 2012 2013 2012 2013 16
Slide 17: Outlook 2014
1 2 3 4 2014 5 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update 17
Slide 18: 2014 outlook
1 2 3 4 2014 5 RTL Group expects its total revenue and EBITA to be broadly stable, at constant scope and exchange rates, providing the European debt recovery continues RTL Group’s operating cash conversion rate, historically close to 100 per cent, is not expected to change significantly For the full
Slide 19: Strategy update
1 2 3 4 2014 5 Full-year Group Business Outlook 2014 Strategy 2013 highlights financials segments update Broadcast Content Digital 19
Slide 20: Broadcast, Content, Digital
1 2 3 4 5 BROADCAST CONTENT DIGITAL #1 or #2 in 8 European countries #1 global TV entertainment content Leading European media company Leading broadcaster: producer in online video 55 TV channels and 27 radio stations 8,500 hours of programming; Strong online sales houses Distribution into 200+ terr
Slide 21: Broadcast: strengthen family of channels
1 2 3 4 5 BROADCAST Newly launched channels growing above expectations Strengthen family of channels Retransmission fees have become significant profit contributors in Germany, Grow France, Netherlands, Belgium and Hungary non-ad business #1 or #2 in 8 European countries Leading broadcaster: RTL CBS
Slide 22: Broadcast strategic priorities
1 2 3 4 5 Invest in top content Grow new channels Expand footprint in high growth markets Grow second revenue stream 22
Slide 23: Broadcast, Content, Digital
1 2 3 4 5 BROADCAST CONTENT DIGITAL #1 or #2 in 8 European countries #1 global TV entertainment content Leading European media company Leading broadcaster: producer in online video 55 TV channels and 27 radio stations 8,500 hours of programming; Strong online sales houses Distribution into 200+ terr
Slide 24: Content: maintain leading position
1 2 3 4 5 CONTENT CONTENT Resizing of resources concluded Initiatives to drive format development in place Maintain leading position Acquisition strengthens drama production Rebalance portfolio #1 global TV entertainment content producer Growth of online revenues by 62% YoY Deepen 8,500 hours Invest
Slide 25: Content strategic priorities
1 2 3 4 5 Maintain core business Diversify portfolio Grow and develop the network Build a scalable digital business 25
Slide 26: Broadcast, Content, Digital
1 2 3 4 5 BROADCAST CONTENT DIGITAL #1 or #2 in 8 European countries #1 global TV entertainment content Leading European media company Leading broadcaster: producer in online video 55 TV channels and 27 radio stations 8,500+ hours of programming; Strong online sales houses Distribution into 200+ ter
Slide 27: Digital: grow online ad and non-ad business
1 2 3 4 5 DIGITAL DIGITAL Increase of total online revenues +26% YoY* Online revenues Online video advertising revenues +31% YoY in 2013 Grow online ad and non-ad business Europe’s #1 media company in online video Expand Generating 2.2bn monthly video views** non-linear services Leading European med
Slide 28: Strong growth in video views, top 10 global player
1 2 3 4 5 Strategic focus Strong growth Top 10 global player* VIDEO VIEWS RTL GROUP # COMPANY Catch-up Full year (in billion) 1 Google / YouTube VOD TV services 2 Facebook +143% 3 AOL (including Adap.TV) 4 VEVO 16.8 5 DAILYMOTION Web New content originals production 6 RTL Group (restated)** 6.9 7 Ma
Slide 29: Catch-up and VOD services by market
1 2 3 4 5 Ad funded Pay 7 day ad-funded catch-up TV service with pay features Germany like pre-TV, series passes and archive Roll out to managed platforms and HBBTV Catch-up TV service under unified brand 6play France Extension of 6play with new channels in preparation RTL XL offering for all RTL ch
Slide 30: BroadbandTV: #3 MCN on YouTube
1 2 3 4 5 15 THOUSAND+ 120 MILLION+ #3 MCN Channels Channel subscribers On YouTube worldwide VIDEO VIEWS OF BROADBANDTV In billion CAGR +117% 11.0 1.3 0.5 2009 2011 2013 Full-year view, incl. non-monetized views Ranking by unique viewers, excl. music services; RTL Group investment in June 2013 Comsc
Slide 31: Digital strategic priorities
1 2 3 4 5 Grow online business Expand non-linear services Develop multi-channel network business Strengthen online advertising sales capabilities 31
Slide 32: 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 should not
Slide 33: EBIT to EBITDA reconciliation
Full-year to Full-year to In € million December 2013 December 2012 Reported EBIT 1,206 979 Add back: Impairment of investments in associates (68) 82 (Gain)/Loss from sale of subsidiaries, other investments and re- (5) 9 measurement to fair value of pre-existing interest in acquiree Amortisation and
Slide 34: The leading European entertainment network
The leading European entertainment network I0|2 Deutsche Bank US roadshow, March 2014