Slide 1: The leading European entertainment network
The leading European entertainment network
Slide 2: Agenda
Agenda ● INTRODUCTION o Business Review o Financial Review o Outlook The leading European entertainment network 2
Slide 3: RTL Group Full year highlights 2011
RTL Group Full year highlights 2011 EBITA MARGIN REVENUE REPORTED EBITA 19.7% continuing operations EUR 5.77 billion EUR 1.13 billion CASH CONVERSION 104% Portfolio changes: NET CASH POSITION Strong audience shares acquisition of minority EUR 1.2 billion in major markets stakes; unwind of Talpa GERM
Slide 4: Agenda
Agenda o Introduction ● BUSINESS REVIEW o Financial Review o Outlook The leading European entertainment network 4
Slide 5: Germany – Mediengruppe RTL Deutschland
Germany – Mediengruppe RTL Deutschland Full year Results 2011 AUDIENCE SHARE 14-49 (in %) KEY FINANCIALS (in EUR million) 1,912 1,892 ROS ROS RTL 27.7% 29.1% 529 551 P7S1 FY 2011 FY 2010 Revenue EBITA AUDIENCE SHARE 14-49 (in %) SHARE OF NET ADVERTISING MARKET (in %) +0.3 -0.1 +0.1 -0.4 -0.4 -0.1 RT
Slide 6: France – Groupe M6
France – Groupe M6 Full year Results 2011 AUDIENCE SHARE – MAIN CHANNELS NET TV ADVERTISING MARKET DEVELOPMENT HOUSEWIVES <50 ALL DAY (in %) FY 2011 VS. FY 2010 (in %) +0.7 -1.4 -1.1 -0.9 +2.7 Market M6 TF1 x Percentage point deviation vs. 2010 M6 & TF1 : main channels only AUDIENCE SHARE – FAMILY O
Slide 7: FremantleMedia Full year Results 2011
FremantleMedia Full year Results 2011 KEY FACTS 2011 KEY FINANCIALS (in EUR million) ● Continues to produce the highest rated 1,429 1,272 entertainment shows around the world o In the US, season ten of American Idol was once again the most watched prime time entertainment series o Newly launched in
Slide 8: Netherlands – RTL Nederland
Netherlands – RTL Nederland Full year Results 2011 AUDIENCE SHARE: 20-49, PRIMETIME (in %) NET TV ADVERTISING MARKET DEVELOPMENT FY 2011 vs FY 2010 (in %) +1.5 -2.9 -1.2 +0.3 -0.4 11.7 4.0 4.5 Market RTL SBS x Percentage point deviation vs. 2010 Source : RTL Group estimates (spot and non-spot) AUDIE
Slide 9: Belgium – RTL Belgium
Belgium – RTL Belgium Full year Results 2011 AUDIENCE SHARE: SHP 18-54, PRIMETIME (in %)1) NET TV ADVERTISING MARKET DEVELOPMENT FY 2011 VS. FY 2010 (in %) -0.4 -0.3 -1.0 +0.1 Market RTL Belgium RTBF x Percentage point deviation vs. 2010 AUDIENCE SHARE – FAMILY OF CHANNELS KEY FINANCIALS (in EUR mil
Slide 10: France – RTL Radio
France – RTL Radio Full year Results 2011 AVERAGE AUDIENCE SHARE 2011 – 13+, 5-24H, MON – FRI (in %) RTL STATIONS NRJ GROUP LAGARDÈRE PUBCASTER OTHER 19.2 -0.1p 14.5 -0.3p 12.6 -1.0p 19.7 +0.6p -0.3 +0.1 +0.1 +0.3 -0.2 -0.4 +/-0 -0.6 -0.3 -0.1 +0.3 +0.1 +0.2 +0.4 -0.2 -0.2 +0.3 12.1 11.5 9.8 7.5 6.2
Slide 11: Hungary – RTL Klub
Hungary – RTL Klub Full year Results 2011 AUDIENCE SHARE: 18-49, PRIMETIME (in %) KEY FINANCIALS 100% VIEW (in HUF million) +0.7 -3.3 -1.3 +3.9 ROS 28,863 ROS 27,508 15.5% 18.0% 4,252 5,198 FY 2011 FY 2010 x Percentage point deviation vs. 2010 Revenue EBITA NET TV ADVERTISING MARKET DEVELOPMENT KEY
Slide 12: Croatia – RTL Televizija
Croatia – RTL Televizija Full year Results 2011 AUDIENCE SHARE: 18-49, ALL DAY (in %) KEY FINANCIALS (in EUR million) +1.0 +3.0 -4.2 -2.7 FY 2011 FY 2010 x Percentage point deviation vs. 2010 Revenue EBITA NET TV ADVERTISING MARKET DEVELOPMENT SHARE OF NET ADVERTISING MARKET (in %) FY 2011 VS. FY 20
Slide 13: Spain – Grupo Antena 3
Spain – Grupo Antena 3 Full year Results 2011 AUDIENCE SHARE: 16-54 - ALL DAY (in %) KEY FINANCIALS +1.5 +2.2 -1.1 -1.4 +0.5 100% VIEW (in EUR million) ROS ROS 15.4% 19.4% FY 2011 FY 2010 x Percentage point deviation vs. 2010 Antena 3: Antena 3, Neox, Nova and Nitro: Mediaset Esp.: Telecinco, FDF, L
Slide 14: Agenda
Agenda o Introduction o Business Review ● FINANCIAL REVIEW o Outlook The leading European entertainment network 14
Slide 15: Review of Results December 2011, continuing operations (1/2)
Review of Results 31 December 2011, continuing operations (1/2) Full Year to Full Year to Per cent In EUR million December 2011 December 2010 change REVENUE 5,765 5,532 +4.2 REPORTED EBITA 1,134 1,132 +0.2 Restructuring & start-up losses - 7 ADJUSTED EBITA 1,134 1,139 -0.4 Reported EBITA margin (%)
Slide 16: Review of Results December 2011, continuing operations (2/2)
Review of Results 31 December 2011, continuing operations (2/2) Full Year to Full Year to Per cent In EUR million December 2011 December 2010 change REPORTED EBITA 1,134 1,132 +0.2 Impairment of investment in associates and amortisation (19) (13) and impairment of fair value adjustments on acquisiti
Slide 17: Cash Flow Statement as of December 2011
Cash Flow Statement as of 31 December 2011 In EUR million Full Year to Full Year to December December 2011 2010 NET CASH FLOW FROM OPERATING ACTIVITIES 1,044 1,130 Add: Income tax paid 287 293 Less: Acquisition of assets, net (177) (208) Equals: Reported free cash flow (FCF) 1,154 1,215 Acquisition
Slide 18: Agenda
Agenda o Introduction o Business Review o Financial Review ● OUTLOOK The leading European entertainment network 18
Slide 19: Outlook
Outlook > Currently seeing different developments across Europe > Current trading not as bad as feared but high degree of volatility and short-term bookings prevalent > RTL Group has repeatedly demonstrated that it can operate successfully in difficult economic environments 19