Rtl Group S.a. · LUXSE:RTLL
Rtl — Bank of America Merrill Lynch London, June 2017
19 slides from Rtl's conference presentation, Jun 7, 2017
Slide 1: BoAML London, June 7th 2017
BoAML London, June 7th 2017 Entertain. Inform. Engage.
Slide 2: Agenda
Agenda 1 2 3 2017 Q1 2017 Full-year Business Strategy & 2016 highlights highlights update Outlook 2
Slide 3: Q1 2017 Highlights
Q1 2017 Highlights Expected soft start into 2017 due to comp’s & absence of American Idol -1.9% € 1,405 million 116 % Revenue Cash conversion EBITA Margin EBITDA Margin 19.3% 18.8 € 264 million -8.3% € 137 million EBITDA € 218 million -4.8% Net profit EBITA 3
Slide 4: Q1 2017 Highlights: Growing non-advertising related revenue streams
Q1 2017 Highlights Growing non-advertising related revenue streams RTL GROUP Q1 2017 REVENUE SPLIT In % Other1) 10.8 TV advertising Digital 12.7 Content €1.4 bn 49.2 17.3 Platform revenue 5.9 4.1 Radio advertising 1) Other include home shopping, merchandising, e-commerce, technical services... 4
Slide 5: Agenda
Agenda 1 2 3 2017 Q1 2017 Full-year Business Strategy & 2016 highlights highlights update Outlook 5
Slide 6: Mediengruppe RTL Deutschland
Mediengruppe RTL Deutschland Improved audiences; revenue slightly up in slow start to ad market FAMILY OF CHANNELS MG RTL 29.3% KEY FINANCIALS Q1 2017 -1 to -2% 14 to 59, Jan-Apr 2017 TV ad market In € million Others REVENUE EBITDA 12.0% 23.1% 6.9% 526 Audience 515 10.4% ARD-III share 7.2% +0.2pp 7.
Slide 7: Groupe M6
Groupe M6 Strong advertising revenue; re-investments into grid FAMILY OF CHANNELS +2% Women < 50 responsible GROUPE M6 21.9% KEY FINANCIALS Q1 2017 TV ad market for purchases, Jan-Apr 2017 In € million REVENUE EBITDA 15.4% Others 34.5% 6.5% Audience 324 313 share +0.3pp 90 76 France 3 3.5% 32.2% 7.9
Slide 8: RTL Nederland
RTL Nederland TV ad market remains difficult FAMILY OF CHANNELS -5% 20 to 49, Prime time, RTL Nederland 32.1% KEY FINANCIALS Q1 2017 TV ad market Jan-Apr 2017 In € million REVENUE EBITDA Others 22.9% 18.3% 109 104 Clear market 13.8% leader 26.3% 3 18.7% 1 Pubcaster SBS 2016 2017 2016 2017 Source: SK
Slide 9: FremantleMedia: Absence of American Idol in Q1
FremantleMedia Absence of American Idol in Q1 : Q2 to benefit from American Gods KEY FINANCIALS Q1 2017 In € million REVENUE EBITDA Two new talent deals Others 5 US 340 26 production & gaming FX Acquisitions 274 (95) (2) 19 13 25% equity stakes both to develop scripted series 2016 2017 2016 2017
Slide 10: FremantleMedia: High-end scripted business is a growth driver
FremantleMedia High-end scripted business is a growth driver International Drama Deutschland 86 ~15% of revenue in 2017 vs. 2% in 2013 American Gods Kim Kong The Young Pope Dicte s3 Hard Sun Picnic Hanging Rock Dicte s2 Wentworth s4 No Offence s2 The Rain 1864 Dr Tinus Wentworth s3 No Offence s1 Le
Slide 11: FremantleMedia: M&A drives growth
FremantleMedia M&A drives growth, strengthens pipeline and delivers on three objectives 2. Continue push into Drama 1. Boost UK position Consolidating UK Position 3. Strengthen Non Scripted 11
Slide 12: Digital: Growth in video views and revenue continues
Digital Growth in video views and revenue continues VIDEO VIEWS RTL GROUP Q1 2017 DIGITAL REVENUE Q1 2017 In billion In € million Non-advertising +53% Advertising +48% 178 89.5 120 58.4 88 18.7 Q1 2015 Q1 2016 Q1 2017 Q1 2015 Q1 2016 Q1 2017 6.7% % of total RTL revenue 12.7% 12
Slide 13: Digital: ad-tech strategy
Digital : ad-tech strategy Goal: Covering the ‘Total TV’ advertising monetisation chain LINEAR NON-LINEAR TV / Set top boxes PC / Mobile Programmatic Cross-screen Over the Top Programmatic Household Online Video Optimisation Addressable TV linear TV level targeting (linear) RTL GROUP INVESTMENTS Sti
Slide 14: Overview of addressable advertising products in Total video
Digital : addressable advertising Overview of addressable advertising products in “Total video” LINEAR NON-LINEAR TV / Set top boxes PC / Mobile Household Programmatic Online Video Cross-screen Over the Top Programmatic level targeting On-demand Live OTT Optimisation Addressable TV linear TV (linear
Slide 15: Agenda
Agenda 1 3 2 4 3 2016 2017 Q1 2017 Business Strategy & Outlook highlights update 2017 Outlook 15
Slide 16: Continue to pursue our goals in 'Total Video'
RTL Group Strategy Continue to pursue our goals in ‘Total Video’ … LINEAR NON-LINEAR CONTENT TECH & DATA Total Total Total TV Video Video Video Maintain strength in Gain scale Ramp up Fremantle Grow ad-tech TV in online video business presence Nurture Expand Grow Scale 16
Slide 17: ...and have achieved notable results to date
RTL Group Strategy …and have achieved notable results to date LINEAR NON-LINEAR CONTENT TECH & DATA Total Total Total TV Video Video Video Achieved audience Grew global scale in Built new drama genre Growth in revenue success for M6 & VOX MCN business at FremantleMedia Combination RTL Ra
Slide 18: Confirming outlook for 2017
RTL Group Confirming outlook for 2017 Revenue expected to grow 1 moderately, predominantly driven by the Group’s digital businesses EBITDA (on a reported basis) 2 to be broadly stable 18
Slide 19: 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
RTL Group — Bank of America Merrill Lynch London, June 2017 on 6ix