Rtl Group S.a. · LUXSE:RTLL
Rtl — Non-Deal Roadshow (May 2015)
24 slides from Rtl's roadshow presentation, May 2015
Slide 1: RTL Group – Société Générale, USA, May 2015
RTL Group Société Générale, USA, May 13th-15th 2015
Slide 2: Agenda
Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 2
Slide 3: Highlights: Successful start into 2015
1 2 3 4 5 Highlights Successful start into 2015 € 1,308 million 110 % Revenue Cash conversion rate 14.8% EBITA Margin € 194 million € 106 million Reported EBITA Net profit 3
Slide 4: Agenda
Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 4
Slide 5: Review of results 31 March 2015 Revenue & EBITA
1 2 3 4 5 Review of results 31 March 2015 Revenue & EBITA 3 months to 3 months to Per cent In € million March 2015 March 2014* change Revenue 1,308 1,313 (0.4) Underlying revenue 1,236 1,252 (1.3) Operating cost base 1,152 1,134 +1.6 Reported EBITA 194 191 +1.6 Reported EBITA margin (%) 14.8 14.5 +0
Slide 6: Agenda
Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 6
Slide 7: Mediengruppe RTL Deutschland: Very strong performance in first quarter
1 2 3 4 5 Mediengruppe RTL Deutschland Very strong performance in first quarter NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2015 vs. Q1 2014 (in %) REVENUE EBITA EBITDA +8.0% 31.5% ROS 32.4% MG RTL Market Deutschland 485 9.5% 449 +14.2% +13.8% 4-5% 153 157 2014 2015 2015 2
Slide 8: Clear market leadership maintained…
1 2 3 4 5 Mediengruppe RTL Deutschland Clear market leadership maintained… FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), in Q1 2015 14 – 59 (in %) -1.5 +/-0 -0.4 -0.6 -0.2 -0.1 Others MG RTL 12.7 21.5% 9.6 8.4 7.8 8.3 10% line 29.0% 6.6 ARD-III 7.3% RTL Sat 1 ZDF ARD Pro 7 Vox ARD -0.1 -0.4 -0.2 +0.
Slide 9: …especially in main ad revenue generation slots
1 2 3 4 5 Mediengruppe RTL Deutschland …especially in main ad revenue generation slots FAMILY OF CHANNELS 14 – 59 (in %), in Q1 2015 ACCESS PRIME TIME PRIME TIME (17 – 20h) 14 – 59 (in %) (20 – 23h) 14 – 59 (in %) Others MG RTL +3.7 pp +5.1 pp 21.5% 29.0% 14.0 ARD-III 12.6 7.3% 8.9 8.9 ARD 7.8% 8.4%
Slide 10: Groupe M6: Solid performance - market showing some signs of recovery
1 2 3 4 5 Groupe M6 Solid performance - market showing some signs of recovery NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2015 vs. Q1 2014 (in %) REVENUE EBITA EBITDA -11.0% 13.3% ROS 25.6% Market M6 TF1 3.2 346 3.0 308 +2.5% +16.2% 0.6 79 41 2014 2015 2015 2015 Source: RT
Slide 11: FremantleMedia: Solid start into 2015
1 2 3 4 5 FremantleMedia Solid start into 2015 KEY FINANCIALS REVENUE BRIDGE 2014 – 2015 (in € million) (in € million) REVENUE EBITA 313 (28) 29 (23) 313 2.9% ROS 1.0% 4 295 295 RadicalMedia FX German film Phasing impact “Der Medicus” & other & scope 9 3 2014 2015 2014 2015 2014 2015 11
Slide 12: Other markets: Very mixed advertising market picture
1 2 3 4 5 Other markets Very mixed advertising market picture BELGIUM 50 NETHERLANDS 98 HUNGARY 21 Clear market leader Clear market leader Improved performance Lower EBITA in continued Lower EBITA in weak but uncertainty continues weak ad market 11 (3) on punitive ad tax 4 ad market FRENCH
Slide 13: Digital business: Strong growth – driven by newly acquired businesses
1 2 3 4 5 Digital business Strong growth – driven by newly acquired businesses ONLINE REVENUES Quarter 1 (in € million) Ad Non-Ad +66% 88 53 2014 2015 13
Slide 14: Agenda
Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 14
Slide 15: RTL Group Outlook for 2015
1 2 3 4 2015 5 RTL Group Outlook for 2015 No change to current guidance Total revenue and EBITA expected to be broadly stable reflecting mixed European advertising markets and consolidation effects Platform revenue is expected to grow strongly, and digital revenue will continue to grow by double-dig
Slide 16: Agenda
Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 16
Slide 17: Strategic focus for 2015
1 2 3 4 5 Strategic focus for 2015 A leader across broadcast, content and digital BEST IN BEST IN BEST IN TV ONLINE VIDEO MONETISATION Develop Grow Capture Must-See TV, globally in all digital growth counter fragmentation video segments and new business 17
Slide 18: Best in TV: Linear TV is still the dominant form of video consumption
1 2 3 4 5 Best in TV Linear TV is still the dominant form of video consumption Stable TV consumption in core markets Portfolio meeting fragmenting usage TV CONSUMPTION SHARE OF In minutes per day1) NON-LINEAR New linear VIEWING2) TV channels 223 Germany 221 9% 221 Linear France 212 OTT channels 200
Slide 19: Best in TV: Growth potential in Germany as print loses share
1 2 3 4 5 Best in TV Growth potential in Germany as print loses share TV’S AD SHARE IN MEDIA MIX 2014 41% 42% In % of total ad spend 29% 29% Growth 27% potential 24% GER NED UK FRA ESP USA Print ad share 39% 26% 18% 20% 20% 17% Print ad share -5pp -4pp -3pp -2pp -2pp -3pp development Source: Screen
Slide 20: MCN strategy: Strong presence across the whole value chain
1 2 3 4 5 MCN strategy Strong presence across the whole value chain FMM Broadcasters Aggregation MCN Vertical MCN Production Brands/Talent #3 Global MCN #1 Style Network European productions #1 French Comedy channel Style and music offers launched #1 European MCN #1 pre-school kids International pro
Slide 21: Advertising sales: SpotXchange adds technological capabilities
1 2 3 4 5 Advertising sales SpotXchange adds technological capabilities to RTL Group Leading video exchange expanding in Europe 4.5bn Ad decisions processed per day +600m Unique viewers New platform reached globally1) +240 partners Signed in 2014 BeNeLux Germany Northern Ireland Joint venture Office
Slide 22: Platform revenue: Growth opportunity for RTL Group
1 2 3 4 5 Platform revenue Growth opportunity for RTL Group NETWORK PLATFORM REVENUE RTL GROUP PLATFORM REVENUE as % of total revenue, 2014 In € million 22% +16% HD CAGR channels 220 Thematic channels 5% 90 VOD 1) US Broadcast RTL Group on managed platforms YoY +37% Growth +19% 2008 2014 1) Revenue
Slide 23: Strategic focus for 2015: A global leader across broadcast, content and digital
1 2 3 4 5 Strategic focus for 2015 A global leader across broadcast, content and digital IT’S ABOUT IT’S ABOUT IT’S ABOUT IT’S ABOUT CREATIVITY SALES DISTRIBUTION VIDEO Attracting top talent Multiscreen sales Platform revenues “Must-see content” Collaboration Balancing ad & pay VOD, MC
Slide 24: 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