Slide 1: Interim results Q1 2018 Analyst presentation
Interim results Q1 2018 Analyst presentation
Slide 2: Agenda
Agenda 1 2 3 4 2018 Q1 2018 Full-year Group Business 2016 highlights highlights financials update Outlook 2
Slide 3: Q1 2018 Highlights
Q1 2018 Highlights Good start into 2018 despite negative FX impact and one-off costs +0.8% € 1,416 million 112% Revenue Cash conversion EBITA Margin EBITDA Margin 19.3% 18.3 € 259 million -1.9% € 111 million EBITDA € 210 million -3.7% Net profit EBITA 3
Slide 4: Agenda
Agenda 1 2 3 4 2018 Q1 2018 Full-year Group Business 2016 highlights highlights financials update Outlook 4
Slide 5: Review of results March 2018: Revenue up despite negative FX
Review of results 31 March 2018 Revenue up despite negative FX; EBITDA and EBITA lower than last year Quarter to Quarter to Per cent In € million March 2018 March 2017 change Revenue 1,416 1,405 +0.8 Underlying revenue 1,438 1,401 +2.6 Operating cost base 1,219 1,207 +1.0 EBITDA 259 264 -1.9 EBITDA
Slide 6: Review of results: Net profit impacted by higher tax and prior year base
Review of results 31 March 2018 Net profit impacted by higher tax and prior year base Quarter to Quarter to Per cent In € million March 2018 March 2017 change EBITDA 259 264 -1.9 Depreciation, amortisation and impairment (52) (50) Re-measurement of earn-out arrangements - (1) Impairment of investmen
Slide 7: Review of results: High level of cash generation maintained
Review of results 31 March 2018 High level of cash generation maintained Quarter to Quarter to In € million March 2018 March 2017 Net cash flow from operating activities 237 220 Add: Income tax paid 42 55 Less: Acquisition of assets, net (43) (23) Equals: Reported free cash flow (FCF) 236 252 EBITA
Slide 8: Agenda
Agenda 1 2 3 4 2018 Q1 2018 Group Business highlights financials update Outlook 8
Slide 9: Mediengruppe RTL Deutschland
Mediengruppe RTL Deutschland Revenue up driven by growth in advertising FAMILY OF CHANNELS +1.5 to +2.5% 14 to 59, Q1 2018 MG RTL 28.3% KEY FINANCIALS TV ad market In € million REVENUE EBITDA Others 11.5% 23.5% 6.6% 534 519 Market 10.2% ARD-III leader 7.1% 167 169 8.3% ARD 23.8% 9.0% ZDF P7S1 2017 2
Slide 10: Groupe M6
Groupe M6 Good advertising revenue development; one-offs impact EBITDA FAMILY OF CHANNELS +1.7% Women < 50 responsible Groupe M6 21.6% KEY FINANCIALS TV ad market for purchases, Q1 2018 In € million REVENUE EBITDA Others 15.2% 33.7% 6.4% 360 360 Very well managed #2 77 76 France 3 4.4% 32.0% 8.3% Fr
Slide 11: RTL Nederland
RTL Nederland TV ad market shows positive development FAMILY OF CHANNELS KEY FINANCIALS +7.4% 25 to 54, Prime time, RTL Nederland 29.0% (in € million) TV ad market Q1 2018 REVENUE EBITDA Others 25.1% 17.5% 110 Clear 105 market 11.5% leader 26.3% 6 19.6% 1 Pubcaster Talpa TV 2017 2018 2017 2018 Sourc
Slide 12: FremantleMedia
FremantleMedia Revenue negatively impacted by FX: organic growth rate of +7% KEY FINANCIALS In € million REVENUE EBITDA Business update +19 (20) ITV drama, “Beecham House”, under development 271 +1 271 Acquisitions Net production growth FX “Charité” sold to Netflix 15 Slippage of “Picnic At 13
Slide 13: Digital
Digital Growth in video views and revenue continues VIDEO VIEWS RTL GROUP DIGITAL REVENUE In billion In € million +38.9% +7% 124.3 190 178 89.5 120 58.4 Q1 2016 Q1 2017 Q1 2018 Q1 2016 Q1 2017 Q1 2018 8.4% % of total RTL revenue 13.5% 13
Slide 14: Agenda
Agenda 1 2 3 4 2016 2018 Q1 2018 Group Business Outlook highlights financials update 2017 Outlook 14
Slide 15: RTL Group: Confirming outlook for 2018
RTL Group Confirming outlook for 2018 2018 Guidance – Growth Rates REVENUE OUTLOOK Revenue expected to grow In % and € million 1 moderately, predominantly driven by FremantleMedia and digital +2.5% Low 6,532 +5.0% High 6,692 EBITDA OUTLOOK In % and € million 1,464 EBITDA 2018 EBITDA expected to be 1
Slide 16: 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
Slide 17: Additional information: Revenue mix
Additional information Revenue mix RTL GROUP Q1 2018 REVENUE SPLIT In % Other1) 10.5 TV advertising Digital 13.5 Content €1.4 bn 49.7 16.4 Platform revenue 5.8 4.1 Radio advertising 1) Other include home shopping, merchandising, e-commerce, technical services... 17