Slide 1: RTL Group Interim results H1/2022
5 August 2022 RTL Group Interim results H1/2022
Slide 2: Agenda
Agenda 01 02 03 04 Highlights Financials Operations Strategy & Outlook RTL Group interim results 2022 2
Slide 3: 01 Highlights
01 Highlights 3
Slide 4: Highlights
Highlights ꟷ Solid operating and financial performance ꟷ Adjusted EBITA up despite more challenging macroeconomic conditions and higher streaming start-up losses ꟷ Higher TV audience shares in Germany and the Netherlands ꟷ Portfolio management: sale of RTL Belgium, RTL Croatia and VideoAmp completed
Slide 5: 02 Financials
02 Financials 5
Slide 6: Key financials
Key financials in € million Organic growth/ decrease -0.1% includes capital gains +8.7% Margin 16.0% 15.3% from the sale Change of SpotX 3,276 929 3,014 +3.7% 483 501 304 H1/2021 H1/2022 H1/2021 H1/2022 H1/2021 H1/2022 Group revenue Adjusted EBITA1 Group profit Note: 1. For definition, see slide 22
Slide 7: Quarterly development
Quarterly development in € million Group revenue +11% +6% +9% 1,562 1,714 3,276 1,404 1,610 3,014 Q1/2021 Q1/2022 Q2/2021 Q2/2022 H1/2021 H1/2022 TV advertising revenue development vs. 2021 +11% -3% +3% Adjusted EBITA 483 501 Before streaming start-up losses 537 575 Note: Revenue, TV advertising rev
Slide 8: Group profit
Group profit Per cent in € million H1/2022 H1/2021 change Adjusted EBITA 501 483 +4% Significant special items (23) (12) EBITA 478 471 +1% Impairment of goodwill of subsidiaries - - Amortisation and impairment of fair value adjustments on acquisitions of subsidiaries (18) (7) Impairment and reversal
Slide 9: Operating free cash flow
Operating free cash flow in € million H1/2022 H1/2021 Per cent change Net cash from operating activities 84 214 (61%) Adjusted by: Income taxes paid 170 238 Transaction-related costs 3 31 Acquisitions of and proceeds from sale of programme rights and other intangible and tangible assets (91) (97) Op
Slide 10: 03 Operations
03 Operations 10
Slide 11: RTL Deutschland
RTL Deutschland Key financials Family of channels Highlights in € million Audience shares 14 to 59, H1/2022 Revenue Adjusted EBITA 15% 27.3% 3.427 million paying subscribers Margin on 30 June 2022; +69% yoy +21.5% 9.5 1,242 H1/2022: Vox ranked 3rd among all Others 24.5 6.8 channels in Germany (14-49
Slide 12: Groupe M6
Groupe M6 Key financials Family of channels Highlights in € million Audience shares Women < 50 responsible Revenue Adjusted EBITA 22% for purchases, H1/2022 22.4% Margin M6: best audience share performance +2.9% during prime time in the past 10 years 645 664 14.4 Others -1.3% 31.5 8.0 151 149 New de
Slide 13: RTL Nederland
RTL Nederland Key financials Family of channels Highlights in € million Audience shares Adults 25 to 54, prime time, Revenue Adjusted EBITA 28% H1/2021 34.5% Margin 1.079 million paying subscribers on 30 June 2022; +6% yoy +19.8% Others 303 16.1 22.1 253 +59.3% 86 Market leadership 54 increased 12.4
Slide 14: Fremantle
Fremantle Key financials Highlights in € million Revenue Adjusted EBITA 6% Drama & film Five acquisitions and step-ups Margin The Shadow in my Eye, The Responder, Bang Bang Baby, completed in H1/2022: The King, Don Matteo +8.1% 983 909 -1.6% Entertainment American Idol, Britain’s Got Talent, Snowfla
Slide 15: 04 Strategy & Outlook
04 Strategy & Outlook 15
Slide 16: Strategy framework unchanged
Strategy framework unchanged Core Growth Alliances & Partnerships Portfolio transformation RTL AdAlliance Creativity & Communications & People Regulation Entrepreneurship Marketing Enabler RTL Group interim results 2022 16
Slide 17: Dynamic growth in streaming continues
Dynamic growth in streaming continues Targets by 2026 unchanged Paying subscribers Streaming revenue1 in million in € million +48% +21% paying subscribers 10m 4.51 130 1.08 107 3.05 Videoland 1.02 0.90 €1bn streaming revenue 3.43 0.65 RTL+ 2.03 0.78 ~ €600m content spend p.a. 30.06.2021 30.06.2022 H
Slide 18: Target structure
Target structure National cross-media champions Global content business Germany France The Netherlands Hungary Other businesses 100% 16% 70% 100% + + 100% Cross-country cooperation and competencies Target: Ad tech €3bn in revenue via organic growth and M&A by 2025 Streaming tech International ad sal
Slide 19: Outlook 2022
Outlook 2022 Key assumptions for 2022 outlook Markets Portfolio Business Softer than expected; lower TV advertising markets, in particular in Germany, due to FY/2022: Continued full consolidation of Continued strong audience performance external factors such as the war in Groupe M6 and RTL Nederland
Slide 20: Outlook 2022
Outlook 2022 2021 2022e old 2022e new1 Revenue €6.6bn ~€7.4bn €7.3bn to €7.5bn Adjusted EBITA €1,152m ~€1.15bn €1.05bn to €1.15bn Streaming €166m ~€0.25bn ~€0.25bn start-up losses ‘Adjusted EBITA before €1,318m ~€1.4bn €1.3bn to €1.4bn streaming start- up losses’ 20 Note: includes positive foreign e
Slide 21: #RTLresults
5 August 2022 #RTLresults
Slide 22: Definitions
Definitions Alternative performance measure Explanation Adjusted EBITA represents a recurring operating result and excludes significant special items. RTL Group management has established an ‘Adjusted EBITA’ that neutralises the impacts of structural distortions for the sake of transparency. Based o
Slide 23: Definitions
Definitions Alternative performance measure Explanation Significant special items exceeding the cumulative threshold of €5 million, need to be approved by management, and primarily consist of restructuring expenses or reversal of restructuring provisions and other special factors or distortions. The
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