Rtl Group S.a. · LUXSE:RTLL

Rtl — 9M 2016 Earnings Presentation

25 slides from Rtl's earnings presentation, Nov 10, 2016

1. Slide 1: Analyst Presentation January – September 2016

   The leading European ANALYST PRESENTATION Entertainment network January – September 2016 Luxembourg, 1 10 November 2016

2. Slide 2: Agenda

   Agenda 1 2 3 4 2016 9 month Group Business Outlook 2016 2016 highlights financials segments 2

3. Slide 3: 9 months 2016: Good financial performance continues

   9 months 2016: Good financial performance continues € 4,230 +2.1% million revenue YoY growth 17.9% € 443 million net profit € 756 million +5.6% EBITA Margin reported EBITA YoY growth € 903 million +7.0% reported EBITDA YoY growth 3

4. Slide 4: Agenda

   Agenda 1 2 3 4 2016 9 month Group Business Outlook 2016 2016 highlights financials segments 4

5. Slide 5: Q3 2016: slightly weaker revenue & EBITA performance

   Review of results 30 September 2016 Q3 2015: slightly weaker revenue & EBITA performance 3 months to 3 months to Per cent In € million September 2016 September 2015 change Revenue 1,352 1,353 -0.1 Underlying revenue 1,341 1,353 -0.9 Operating cost base 1,194 1,184 +0.8 Reported EBITA 176 182 -3.3 Re

6. Slide 6: 9 months 2016: solid performance maintained

   Review of results 30 September 2016 9 months 2016: solid performance maintained 9 months to 9 months to Per cent In € million September 2015 September 2015 change Revenue 4,230 4,141 +2.1 Underlying revenue 4,201 4,132 +1.7 Operating cost base 3,607 3,484 +3.5 Reported EBITA 756 716 +5.6 Reported EB

7. Slide 7: 9 months 2016: bridge to net profit

   Review of results 30 September 2016 9 months 2016: bridge to net profit 9 months to 9 months to Per cent In € million September 2016 September 2015 change Reported EBITA 756 716 +5.6 Amortisation and impairment of fair value adjustments on acquisitions of (11) (2) subsidiaries Re-measurement of earn

8. Slide 8: 9 months 2016: cash conversion well above last year

   Review of results 30 September 2016 9 months 2016: cash conversion well above last year 9 months to 9 months to In € million September 2016 September 2015 Net cash flow from operating activities 625 481 Add: Income tax paid 222 210 Less: Acquisition of assets, net (142) (157) Equals: Reported free c

9. Slide 9: 9 months 2016: Net debt in line with target ratio

   Review of results 30 September 2016 9 months 2016: Net debt in line with target ratio 9 months to 12 months to In € million September 2016 December 2015 Gross financial debt (1,357) (1,129) Add back: Cash and cash equivalents 365 449 Other 4 10 Net financial debt (988) (670) EBITDA 903 1,360 9

10. Slide 10: Agenda

    Agenda 1 2 3 4 2016 9 month Group Business Outlook 2016 2016 highlights financials segments 10

11. Slide 11: Mediengruppe RTL Deutschland: Clear market leader in audience ratings

    Mediengruppe RTL Deutschland Clear market leader in audience ratings… FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), YTD 2016 14 – 59 (in %) -0.4 -1.0 -0.5 +1.1 +1.1 +0.1 Others MG RTL 11.9 22.3% 8.6 7.8 8.9 8.8 28.1% 6.6 ARD-III 6.8% RTL Sat 1 Pro 7 ZDF ARD Vox -0.4 -0.1 -0.2 +/-0 +/-0 +0.1 ARD 8.8%

12. Slide 12: Mediengruppe RTL Deutschland: confirmed with start of new season

    Mediengruppe RTL Deutschland …confirmed with start of new season FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), September & October 2016 14 – 59 (in %) -0.6 -0.6 -0.3 +0.1 -0.2 +0.7 Others MG RTL 12.1 23.9% 8.9 7.9 7.5 7.1 7.4 29.9% ARD-III RTL Sat 1 Pro 7 ZDF ARD Vox 6.8% -0.3 +/-0 -0.2 +0.1 +/-0 +/

13. Slide 13: Mediengruppe RTL Deutschland: Revenue growth drives EBITA performance

    Mediengruppe RTL Deutschland Revenue growth drives EBITA performance NET TV ADVERTISING KEY FINANCIALS MARKET GROWTH (in € million) (in %) REVENUE EBITA +2.4% 31.2% ROS 31.2% 1,501 +2.4% 1,466 +2.5-3.5% 457 468 2016 9 months 2015 9 months 2016 9 months 2015 9 months 2016 Source: RTL Group estimates,

14. Slide 14: Groupe M6: Increasing audience share for family of channels

    Groupe M6 Increasing audience share for family of channels FAMILY OF CHANNELS BY CHANNEL Women < 50 responsible for purchases (in %), YTD 2016 Women < 50 responsible for purchases (in %) -1.2 +1.0 -1.1 +/-0 GROUPE M6 22.3 16.2 Others 22.3% 8.8 33.6% 4.0 TF1 M6 Fr2 Fr3 +/-0 +/-0 -0.1 +0.3 +0.3 +0.4 4

15. Slide 15: Groupe M6: Advertising market remains slightly positive

    Groupe M6 Advertising market remains slightly positive NET TV ADVERTISING KEY FINANCIALS MARKET GROWTH (in € million) (in %) REVENUE EBITA +1.3% 15.1% ROS 19.0% 898 910 +1.0% +27.2% 2016 < 173 136 9 months 2015 9 months 2016 9 months 2015 9 months 2016 Source: RTL Group estimates 15

16. Slide 16: RTL Nederland: Solid audience performance in sports year

    RTL Nederland Solid audience performance in sports year FAMILY OF CHANNELS BY CHANNEL 20 – 49, Primetime (in %), YTD 2016 20 – 49, Primetime (in %) RTL Nederland -0.6 +3.4 +/-0 -0.3 -1.0 Others 17.7 18.1 22.1% 31.4% 9.1 4.7 5.0 RTL 4 Ned 1 SBS 6 Ned 3 Veronica -0.3 -0.4 +/-0 +0.1 +/-0 26.4% Pubcaste

17. Slide 17: RTL Nederland: Clear slow down in advertising market

    RTL Nederland Clear slow down in advertising market NET TV ADVERTISING KEY FINANCIALS MARKET GROWTH (in € million) (in %) REVENUE EBITA +4.8% 15.7% ROS 15.0% 347 +/-0% 2016 331 -5% -1% 52 52 9 months 2015 9 months 2016 9 months 2015 9 months 2016 Source: RTL Group estimates 17

18. Slide 18: Other markets 9 months 2016: mixed performance

    Other markets 9 months 2016: other territories report mixed performance BELGIUM 141 HUNGARY 71  Clear market leader  Revenue up due to platform  EBITA down due to higher fees 26 7 programme costs  No positive one-offs explain EBITA decline FRENCH RADIO 120 CROATIA 25  Strong audience  Revenue

19. Slide 19: FremantleMedia: Weaker quarter but on track to meet full year guidance

    FremantleMedia Weaker quarter but on track to meet full year guidance KEY FINANCIALS REVENUE BRIDGE (in € million) YTD 2015 – YTD 2016 (in € million) REVENUE EBITA -5.1% 1,014 +32 (35) 5.0% ROS 4.9% (23) 1,014 (26) 962 FX Effect of Production & Other 51 acquisitions 47 volume production & and start

20. Slide 20: Digital revenue 9 months 2016: strong growth

    Digital revenue 9 months 2016: Digital continues to show strong growth DIGITAL REVENUE, YTD September YoY revenue In € million growth +25% Ad +133% Non-Ad 430 344 +46% 180 +11% 2014 2015 2016 4.6% % of RTL Group revenue 10.2% 20

21. Slide 21: Agenda

    Agenda 1 2 3 4 2016 9 month Group Business Outlook 2016 2016 highlights financials segments 21

22. Slide 22: RTL Group: Outlook unchanged for 2016

    RTL Group Outlook unchanged for 2016 Revenue expected to grow 1 moderately Reported EBITA expected to 2 show slight growth 22

23. Slide 23: 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

24. Slide 24: RTL Group's revenue mix is well diversified

    Backup RTL Group’s revenue mix is well diversified RTL GROUP’S REVENUE SPLIT TO 30 SEPTEMBER 2016 DEPENDENCY FROM TV ADVERTISING In % TV advertising Other diversification Other revenue 11.2 TV advertising Digital 10.2 49% Content 20.5 €4.2bn 48.9 59% Platform revenue 4.8 4.4 Radio advertising 24

25. Slide 25: Analyst Presentation January – September 2016

    The leading European ANALYST PRESENTATION Entertainment network January – September 2016 Luxembourg, 25 10 November 2016

RTL Group — 9M 2016 Earnings Presentation on 6ix