Slide 1: Interim Results 2009
Interim u l ts 2 0 0 9 res 2009 t 26 Augus Zeiler & Gerhard ggen Elmar He
Slide 2: Agenda
Agenda ● Introduction ○ Business Review ○ Financial Review ○ Strategy update ○ Outlook
Slide 3: RTL Group Interim Highlights 2009
RTL Group Interim Highlights 2009 Down Down EUR 276 m EUR 184 m Revenue Reported EBITA EBITA margin EUR 2.6 billion EUR 318 million 12.3% Audience share gains Cash Underlying cost in major markets conversion: 98% savings Germany, France, Net Cash Position: EUR 198 million EUR 404 million Netherlands
Slide 4: RTL Group Interim Highlights 2009: Underlying cost base
RTL Group Interim Highlights 2009 Underlying cost base in EUR million Operating costs -15% Costs down EUR 198 million : 2,365 68% of underlying lost revenue -17% Operating costs 2,167 -11% Operating costs -13% Operating costs 2008 adjusted 2009 adjusted cost base cost base Note : Cost bases adjusted
Slide 5: Agenda: Business Review
Agenda ○ Introduction ● Business Review ○ Financial Review ○ Strategy update ○ Outlook
Slide 6: Mediengruppe RTL Deutschland – Interim Results 2009
Profit Centre Mediengruppe RTL Deutschland – Interim Results 2009 Audience share (14-49) in % Key financials (in EUR million) 33.6 34.2 1,010 33.2 32.9 ROS ROS 823 32.2 32.9 RTL 19.2% 21.0% 31.4 31.8 30.4 29.4 30.3 30.3 29.3 29.4 29.7 P7S1 -25.5% 212 29.3 158 29.0 29.0 2001 2002 2003 2004 2005 2006
Slide 7: M6 – Interim Results 2009
Profit Centre M6 – Interim Results 2009 Audience share (housewives < 50) in % Net advertising market Net ad development -0.2 -1.5 -0.3 -1.0 +3.0 HY 2009 vs. HY 2008 M6 TF1 Market 29.5 33.2 17.5 12.9 6.9 M6 TF1 France 2 France 3 Others -14.0 -18.5 -23.0 Audience share – family of channels Key financi
Slide 8: FremantleMedia – Interim Results 2009
Profit Centre FremantleMedia – Interim Results 2009 Key facts 2009 Key financials (in EUR million) Continues to produce top rated 570 567 entertainment shows across the US, UK, Germany, Australia and France Notable programme successes include the Got Talent and Idols formats with ROS this years
Slide 9: Five – Interim Results 2009
Profit Centre Five – Interim Results 2009 Share of adult viewing (all day) in % Net advertising market (%) -0.7 -0.3 -1.0 -0.5 -0.2 +2.7 Net ad development Net ad share HY 2009 vs. HY 2008 38.6 1) Market Five 22.0 8.9 18.5 7.9 7.8 8.0 5.1 -18.0 HY 2008 HY 2009 BBC1 BBC2 ITV1 Ch 4 Five Others -27.0 F
Slide 10: Netherlands – Interim Results 2009
Profit Centre Netherlands – Interim Results 2009 Audience share (shp 20-49, primetime) in% Share of net advertising market (%)1) 5.1 5.3 +2.7 -3.8 +1.0 +0.8 +0.2 38.6 39.9 26.8 23.3 17.4 Market 14.2 13.5 -11.6% 8.5 7.9 31.5 RTL 29.5 SBS STER RTL4 NED1 SBS6 Net5 RTL5 HY 2008 Others HY 2009 1) Source
Slide 11: Belgium – Interim Results 2009
Profit Centre Belgium – Interim Results 2009 Audience share (shp 18-54, primetime) in %1) Net ad development (%) +2.3 -0.9 -0.8 +0.3 HY 2009 vs. HY 2008 Market RTLTVI RTBF 28.2 11.6 5.3 7.1 -8.2 RTL TVI La Une La Deux Club RTL -9.6 -11.9 Audience share – family of channels Key financials (in EUR mil
Slide 12: Radio France – Interim Results 2009
Profit Centre Radio France – Interim Results 2009 Audience share April – June 2009 (13+, 5-24h, Mon - Fri) in % 19.2 -1.3p 14.6 -1.5p 14.0 +0.6 18.8 +1.0p -0.8 -0.1 -0.4 -1.0 -0.4 +0.2 -0.3 +0.6 -0.2 +0.2 +1.1 +/-0 -0.1 +0.6 +0.3 -0.3 +0.3 12.5 10.4 8.0 9.8 5.6 4.8 5.6 6.0 4.5 3.9 2.8 2.8 3.2 3.4 2.
Slide 13: RTL Televizija – Interim Results 2009
Profit Centre RTL Televizija – Interim Results 2009 Audience share (18-49, all day) in % Key financials (in EUR million) -0.5 -0.3 +0.8 -2.5 24 20 26.5 22.7 24.3 13.1 HY 2009 -1 RTL Televizija Nova HTV1 HTV2 -5 HY 2008 Revenue EBITA Source : RTL Group estimates Net ad development (%) Share of net ad
Slide 14: RTL Klub – Interim Results 2009
Profit Centre RTL Klub – Interim Results 2009 10 0% Audience share (18-49, primetime) in % Key financials (in HUF million) v ie w -3.0 -1.1 -2.5 ROS ROS 10.3% 17,310 22.2% 30.0 13,501 23.1 -63.7% 5.6 3,836 1,392 RTL Klub TV2 M1 HY 2009 HY 2008 Revenue EBIT Source: Internal estimates Gr ou p co Net a
Slide 15: Alpha Media – Interim Results 2009
Profit Centre Alpha Media – Interim Results 2009 Audience share (15-44, all day) in % Net ad development (%) HY 2009 vs. HY 2008 +1.3 -1.3 +2.0 -0.2 Market Alpha Mega Antenna Star 19.7 16.5 14.0 13.3 -17.9 Alpha Media Mega Antenna Star -22.7 -25.5 -27.3 -30.1 Source : RTL Group estimates Audience sh
Slide 16: Antena 3 – Interim Results 2009
Profit Centre Antena 3 – Interim Results 2009 10 0% Audience share (commercial target) in % Key financials (in EUR million) v ie w -0.6 -5.0 +0.5 +0.1 +2.2 ROS ROS 477 31.0% 16.1 15.4 365 13.1 11.5 12.6% 8.8 148 -68.9% 46 Antena 3 Telecinco TVE1 Cuatro La Sexta HY 2009 HY 2008 Revenue EBITDA Gr ou p
Slide 17: REN TV – Interim Results 2009
Profit Centre REN TV – Interim Results 2009 10 0% Audience share (18-54, all day) in % Key financials (in EUR million) v ie w -1.5 -1.7 +0.4 -0.3 +0.4 +0.9 ROS 63 5.0% 17.8 40 14.1 13.3 9.3 8.7 6.1 -1 3 HY 2009 HY 2008 Ch1 Russia STS NTV TNT REN TV Revenue EBITA Gr ou p co Net ad development (%) Key
Slide 18: Agenda: Financial Review
Agenda ○ Introduction ○ Business Review ● Financial Review ○ Strategy update ○ Outlook
Slide 19: Review Of Results 30 June 2009 (1/2)
Review Of Results 30 June 2009 (1/2) In EUR million Half Year to Half Year to Per cent June 2009 June 2008 change Revenue 2,588 2,864 -9.6 Reported EBITA 318 502 -36.7 Restructuring charges (20) (6) Start-up losses (35) (11) Adjusted EBITA 373 519 -28.1 Reported EBITA margin (%) 12.3 17.5 -5.2pp Adj
Slide 20: Review Of Results 30 June 2009 (2/2)
Review Of Results 30 June 2009 (2/2) In EUR million Half Year to Half Year to Per cent June 2009 June 2008 change Reported EBITA 318 502 -36.7 Impairment of goodwill and amortisation (234) (19) of fair values Gain/Loss from sale of subsidiaries, joint - 7 ventures and other investments Net financial
Slide 21: Cash Flow Statement as of 30 June 2009
Cash Flow Statement as of 30 June 2008 In EUR million Half Year to Half Year to June 2009 June 2008 Net cash flow from operating activities 237 489 Add: Income tax paid 160 57 Less: Acquisition of assets, net (86) (68) Equals: Reported free cash flow (FCF) 311 478 Acquisition of subsidiaries and JVs
Slide 22: Agenda: Strategy update
Agenda ○ Highlights ○ Business Review ○ Financial Review ○ Strategy update ○ Outlook
Slide 23: Increasing Audience Shares, despite Cost Reductions in core TV business
Increasing Audience Shares, despite Cost Reductions in core TV business Cost Saving Compensation Audience Share Var. 1st HY 09 vs. 08 Revenue Loss 1st HY 09 Var. 1st HY 09 vs. 08 - 97m EUR -15% -154 m EUR 63% 34.2% +1.5p - 48m EUR -17% -52m EUR 92% 20.6% +0.5p -17m EUR -11% -29m EUR 59% 32.7% +2.2p
Slide 24: Further Invest in Growth Areas
Further Invest in Growth Areas F GER ES Counter fragmentation: RTL Crime, Living, Neox/Nova: Digital TV W9: Passion: Leading 15 digital channels in No. 1 DTT channel Channels 2.2m subscribers DTT channels place and more to come All profitable GER F NL Catch-Up TV services Online Video Offerings avai
Slide 25: Agenda: Outlook
Agenda ○ Highlights ○ Business Review ○ Financial Review ○ Strategy update ○ Outlook
Slide 26: Outlook
Outlook ► Visibility on Advertising Markets still low – no significant change expected for remainder of 2009 ► Cost control measures continue
Slide 27: Interim Results 2009
Interim l ts 2 0 0 9 resu 2009 t 26 Augus er h ar d Zeiler & G ggen Elmar He