Rtl Group S.a. · LUXSE:RTLL
Rtl — Q1 2015 Earnings Presentation
17 slides from Rtl's earnings presentation, 2015
Slide 1: Quarter 1 2015
Quarter 1 2015
Slide 2: Agenda
Agenda 1 2 3 4 2015 Quarter 1 Group Business Outlook 2015 highlights financials segments 2015 2
Slide 3: Highlights: Successful start into 2015
1 2 3 4 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 Quarter 1 Group Business Outlook 2015 highlights financials segments 2015 4
Slide 5: Review of results 31 March 2015: Revenue & EBITA
1 2 3 4 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 +0.3
Slide 6: Review of results 31 March 2015: EBITA to net profit bridge
1 2 3 4 Review of results 31 March 2015 EBITA to net profit bridge 3 months to 3 months to Per cent In € million March 2015 March 2014* change Reported EBITA 194 191 +1.6 Impairment of investments accounted for using the equity method and amortisation and impairment of fair value adjustments on acqu
Slide 7: Review of results 31 March 2015: Cash Flow statement
1 2 3 4 Review of results 31 March 2015 Cash Flow statement 3 months to 3 months to In € million March 2015 March 2014* Net cash flow from operating activities 208 205 Add: Income tax paid 64 50 Less: Acquisition of assets, net (58) (37) Equals: Reported free cash flow (FCF) 214 218 Acquisition and
Slide 8: Agenda
Agenda 1 2 3 4 2015 Quarter 1 Group Business Outlook 2015 highlights financials segments 2015 8
Slide 9: Mediengruppe RTL Deutschland: Very strong performance in first quarter
1 2 3 4 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 201
Slide 10: Mediengruppe RTL Deutschland: Clear market leadership maintained
1 2 3 4 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 +0.4
Slide 11: Mediengruppe RTL Deutschland: main ad revenue generation slots
1 2 3 4 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% 2
Slide 12: Groupe M6: Solid performance - market showing signs of recovery
1 2 3 4 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: RTL
Slide 13: FremantleMedia: Solid start into 2015
1 2 3 4 FremantleMedia Solid start into 2015 KEY FINANCIALS REVENUE BRIDGE 2014 – 2015 (in € million) (in € million) REVENUE EBITA -5.8% 29 (28) 313 (23) 295 2.9% ROS 1.0% 4 313 295 FX RadicalMedia impact German film Phasing “Der Medicus” & other & scope 9 3 2014 2015 2014 2015 2014 2015 13
Slide 14: Digital business: Strong growth driven by acquired businesses
1 2 3 4 Digital business Strong growth – driven by newly acquired businesses ONLINE REVENUES Quarter 1 (in € million)1) Ad Non-Ad +66% 88 53 2014 2015 1) Consolidated view 14
Slide 15: Agenda
Agenda 1 2 3 4 2015 Quarter 1 Group Business Outlook 2015 highlights financials segments 2015 15
Slide 16: RTL Group Outlook for 2015
1 2 3 4 2015 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-digit
Slide 17: 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