Slide 1: Half-Year Results 2013
HALF-YEAR RESULTS 2013 Anke Schäferkordt & Guillaume de Posch, Co-CEOs Elmar Heggen, CFO Luxembourg, 22 August 2013 The leading European entertainment network
Slide 2: 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 3: Agenda
Agenda ● HALF-YEAR HIGHLIGHTS o Business Review o Financial Review o Business Outlook The leading European entertainment network 3
Slide 4: RTL Group with strong performance in first-half 2013
RTL Group with strong performance in first-half 2013 o Successful IPO at Frankfurt Stock Exchange o Strong interim results demonstrating resilience of diversified portfolio and business model o Significantly higher EBITA and net profit for the first half of 2013 despite tough economic environment o
Slide 5: Successful IPO
Successful IPO € 65.0 RTL Group vs DAX (30 April to 30 June 2013) +13.8% 63.0 61.0 59.0 57.0 +1.1% 55.0 o Largest EMEA IPO this year 53.0 51.0 o Largest media IPO since 2004 29 April 2013 14 May 2013 29 May 2013 13 June 2013 28 June 2013 RTL Group (Frankfurt) DAX (rebased) o SDAX inclusion from 24 J
Slide 6: Half-year highlights 2013
Half-year highlights 2013 REVENUE €2.8 billion REPORTED EBITA continuing operations €552 million EBITA MARGIN CASH CONVERSION INTERIM DIVIDEND NET RESULT 19.9% 120% €2.5 per share €418 million SECOND BEST FIRST-HALF EBITA; INTERIM DIVIDEND ANNOUNCED 6
Slide 7: Agenda: Business Review
Agenda o Half-year highlights ● BUSINESS REVIEW o Financial Review o Business Outlook The leading European entertainment network 7
Slide 8: Mediengruppe RTL Deutschland
Mediengruppe RTL Deutschland AUDIENCE SHARE – FAMILY OF CHANNELS SHARE OF NET ADVERTISING MARKET (in %) 14-59 (in %) 32.4 32.6 46.4 RTL 30.9 30.1 31.5 RTL 31.3 31.2 43.8 43.9 44.3 44.0 29.5 29.4 43.3 43.5 43.7 26.9 27.4 26.9 27.6 26.7 26.4 26.0 43.4 43.1 25.2 42.3 41.6 41.4 41.4 40.7 P7S1 24.5 P7S1
Slide 9: Groupe M6
Groupe M6 AUDIENCE SHARE – MAIN CHANNELS NET TV ADVERTISING MARKET DEVELOPMENT HOUSEWIVES <50 ALL DAY (in %) Q1 2013 VS Q1 2012 (in %) -1.5 -0.1 -1.0 -0.3 +2.9 Market M6 TF1 44.6 25.2 -2.3 15.8 10.0 4.4 -6.0 M6 TF1 France 2 France 3 Others -8.8 x Percentage point deviation vs HY 2012 M6 and TF1: bas
Slide 10: FremantleMedia
FremantleMedia KEY FACTS 2013 KEY FINANCIALS (in € million) REVENUE EBITA ● Core franchises remain strong o Idols: 12th season peak audience most watched entertainment show so far this year 720 671 o America’s Got Talent: launch show up 7 per cent on last season (7) 67 o Family Feud: best performanc
Slide 11: RTL Nederland
RTL Nederland HY AUDIENCE SHARE: 20-49, PRIMETIME (in %) NET TV ADVERTISING MARKET DEVELOPMENT HY 2013 vs HY 2012 (in %) +/- 0 -3.7 -0.8 -0.5 +1.0 Market RTL Nederland 18.9 14.5 8.5 5.2 5.3 -1.1 RTL 4 NED 1 SBS 6 RTL 5 Net 5 -5.6 x Percentage point deviation vs HY 2012 Source: RTL Group estimates (s
Slide 12: RTL Belgium
RTL Belgium AUDIENCE SHARE: SHP 18-54, PRIMETIME (in %) NET TV ADVERTISING MARKET DEVELOPMENT HY 2013 VS HY 2012 (in %) -1.0 +1.0 -1.2 +0.5 +0.3 Market RTL Belgium RTBF 26.6 14.2 5.0 6.2 4.1 RTL-TVI La Une La Deux Club RTL Plug RTL -7.5 -7.5 -9.8 x Percentage point deviation vs HY 2012 Source: RTL G
Slide 13: RTL Radio (France)
RTL Radio (France) AVERAGE AUDIENCE SHARE 2013 – 13+, 5-24H, MON – FRI (in %), APRIL-JUNE RTL STATIONS NRJ GROUP LAGARDÈRE PUBCASTER 18.5 +0.2p 16.3 +1.8p 12.1 -0.7p 19.5 -0.9p +0.4 -0.3 +0.1 +0.6 +0.7 +0.3 +0.2 -0.1 -0.2 -0.4 -1.2 +0.5 -0.2 12.0 9.3 7.6 7.3 6.8 3.5 4.2 2.9 2.9 3.4 3.0 1.6 1.9 RTL F
Slide 14: Others: Hungary, Croatia, Spain
Others: Hungary, Croatia, Spain KEY FINANCIALS, RTL Klub (in € million) KEY FINANCIALS, RTL Hrvatska (in € million) REVENUE EBITA REVENUE EBITA 17 15 45 45 ROS ROS 6.7% 11.1% 3 5 0 -4 HY 2012 HY 2013 HY 2012 HY 2013 HY 2012 HY 2013 HY 2012 HY 2013 KEY FACTS 2013 KEY FINANCIALS, Atresmedia (in € mill
Slide 15: Key developments 2013: delivering on our strategy (Broadcast)
Key developments 2013 : delivering on our strategy Broadcast +X % Secure JULY attractive RTL Television secures rights to German national team qualifiers for content Euro 2016 and World Cup 2018 Strengthen JULY family of RTL Hrvatska awarded licence for new kids channel in Croatia channels Enter hig
Slide 16: Key developments 2013: delivering on our strategy (Digital)
Key developments 2013 : delivering on our strategy Digital +X % JUNE Digital Acquisition of majority stake in Canadian company BBTV, Youtube’s 5th expansion largest multi-channel network (MCN) AUGUST Strengthen RTL Group acquires a 65% stake in “TEG”, the number 1 VOD offer Pay Video-On-Demand (Pay
Slide 17: Agenda: Financial Review
Agenda o Half-year highlights o Business Review ● FINANCIAL REVIEW o Business Outlook The leading European entertainment network 17
Slide 18: Review of Results June 2013 (1/2)
Review of Results 30 June 2013, continuing operations (1/2) Half-year to Half-year to Per cent In € million June 2013 June 2012 change REVENUE 2,779 2,815 -1.3 REPORTED EBITA 552 506 +9.1 Reported EBITA margin (%) 19.9 18.0 +1.9pp Net result attributable to RTL Group shareholders 418 274 +52.6 UNDER
Slide 19: Review of Results June 2013 (2/2)
Review of Results 30 June 2013, continuing operations (2/2) Half-year to Half-year to Per cent In € million June 2013 June 2012 change REPORTED EBITA 552 506 +9.1 Impairment of investment in associates and amortisation 67 (15) and impairment of fair value adjustments on acquisitions Gain / (Loss) fr
Slide 20: Cash Flow Statement as of June 2013
Cash Flow Statement as of 30 June 2013 In € million Half-year to Half-year to June 2013 June 2012 NET CASH FLOW FROM OPERATING ACTIVITIES 581 385 Add: Income tax paid 132 225 Less: Acquisition of assets, net (53) (87) Equals: Reported free cash flow (FCF) 660 523 Acquisition of subsidiaries and JVs,
Slide 21: Net debt & EBITDA as of June 2013
Net debt & EBITDA as of 30 June 2013 In € million Half-year to Full year to June 2013 December 2012 Gross financial debt (540) (29) Cash and cash equivalents 313 650 Deposit with majority shareholder - 426 Other 3 4 Net (debt) / cash position (224) 1,051 EBITDA 635 1,257 o Extraordinary interim divi
Slide 22: Agenda: Business Outlook
Agenda o Half-year highlights o Business Review o Financial Review ● BUSINESS OUTLOOK The leading European entertainment network 22
Slide 23: Outlook
Outlook The tough economic environment is not expected to ease over the remainder of the year Strong interim results with all profit indicators up demonstrate resilience of a diversified and balanced portfolio While visibility on the 4th quarter is limited, RTL Group expects a similar level of EBITA
Slide 24: Half-Year Results 2013
HALF-YEAR RESULTS 2013 Anke Schäferkordt & Guillaume de Posch, Co-CEOs Elmar Heggen, CFO Luxembourg, 22 August 2013 The leading European entertainment network
Slide 25: Appendix
Appendix The leading European entertainment network
Slide 26: Summary consolidated income statement
Summary consolidated income statement for the 3 months to 30 June €, m Q2 2013 Q2 2012 Revenue 1,450 1,493 EBITA 345 315 EBITA margin 23.8% 21.1% EBIT 401 311 Interest income 3 3 Interest expense (6) (7) Financial results other than interest 10 (35) Profit before taxes 408 272 Income tax expense (97
Slide 27: Revenue by Business Unit, continuing operations
Revenue by Business Unit, continuing operations €, m Q1 2013 Q2 2013 HY 2013 Q1 2012 Q2 2012 HY 2012 Mediengruppe RTL 461 483 944 456 477 933 Deutschland Groupe M6 349 349 698 355 356 711 Fremantle Media 303 368 671 311 409 720 RTL Nederland 92 122 214 90 118 208 RTL Belgium 51 54 105 54 54 108 Fren
Slide 28: EBITA by Business Unit, continuing operations
EBITA by Business Unit, continuing operations €, m Q1 2013 Q2 2013 HY 2013 Q1 2012 Q2 2012 HY 2012 Mediengruppe RTL 134 172 306 109 171 280 Deutschland Groupe M6 60 67 127 63 63 126 Fremantle Media 10 37 47 13 27 40 RTL Nederland 4 34 38 5 33 38 RTL Belgium 12 13 25 12 13 25 French Radio 2 11 13 3 1
Slide 29: IR calendar and contacts
IR calendar and contacts IR Calendar: 1 October 2013 : Analysts and Investor Day; Cologne 6 November 2013 : Quarter 3 IMS 6 March 2014 : Full year 2013 results announcement IR Contact details: Andrew Buckhurst : 00 352 2486 5074 : andrew.buckhurst@rtlgroup.com Philipp Klose : 00 352 2486 5075 : phil