Rtl Group S.a. · LUXSE:RTLL
Rtl — Non-Deal Roadshow (October 2015)
27 slides from Rtl's roadshow presentation, Oct 8, 2015
Slide 1: RTL Group Toronto & Boston, Citi Group
RTL Group Toronto & Boston, Citi Group 8-9th October 2015
Slide 2: Agenda
Agenda 1 2 3 Half-year Group Business RTL Group’s 2015 highlights financials segments strengths & strategy 2
Slide 3: Strong financial performance: revenue, EBITA and net profit up
Strong financial performance: revenue, EBITA and net profit up € 2,788 +3.8% million revenue YoY growth € 1.00 Interim extraordinary dividend 19.2% € 534 million +3.3% EBITA Margin € million 351 reported EBITA YoY growth +73.8% € 628 million +2.6% net profit YoY growth reported EBITDA YoY growth 3
Slide 4: Agenda
Agenda 1 23 3 Half-year Group Business RTL Group’s 2015 highlights financials segments strengths & strategy 4
Slide 5: Clear market leader in audience ratings…
Mediengruppe RTL Deutschland Clear market leader in audience ratings… FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), YTD 2015 14 – 59 (in %) -0.5 +0.2 +0.1 -1.6 -1.5 -0.1 Others MG RTL 12,2 21,9% 9,6 8,4 7,8 7,8 28,5% 6,5 ARD-III 7,3% RTL Sat 1 Pro 7 ZDF ARD Vox -0.1 +/-0 +0.4 -0.1 +0.1 +/-0 ARD 7,8%
Slide 6: …but especially in access Prime Time…
Mediengruppe RTL Deutschland …but especially in access Prime Time….. FAMILY OF CHANNELS 14 – 59 (in %), Access PT YTD 2015 ACCESS PRIME TIME (17 – 20h) 14 – 59 (in %) Others MG RTL 3.9 pp 22,2% +0.6 29,1% 12,8 ARD-III 8,9 9,1% ARD 6,8% 7,4% 25,4% ZDF P7S1 RTL Sat 1 Source: AGF in cooperation with Gf
Slide 7: …and Prime Time, the main ad revenue generation slots
Mediengruppe RTL Deutschland …and Prime Time, the main ad revenue generation slots FAMILY OF CHANNELS 14 – 59 (in %), PrimeTime YTD 2015 PRIME TIME (20 – 23h) 14 – 59 (in %) Others MG RTL 18,6% 4.3 pp +0.4 27,5% 13,0 ARD-III 8,3% 8,7 ARD 10,8% 24,7% 10,1% ZDF P7S1 RTL Sat 1 Source: AGF in cooperatio
Slide 8: Good start into new season for main channel
Mediengruppe RTL Deutschland Good start into new season for main channel FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), September 2015 14 – 59 (in %) +0.7 -0.6 -0.9 -0.6 -0.3 -0.5 Others MG RTL 12,9 22,5% 9,4 +0.2 8,1 7,4 7,1 29,5% 6,7 ARD-III RTL Sat 1 Pro 7 ZDF ARD Vox 7,0% -0.3 -0.3 +0.1 +0.1 +0.2
Slide 9: Slight increase in audience share for family of channels
Groupe M6 Slight increase in audience share for family of channels FAMILY OF CHANNELS BY CHANNEL Women < 50 responsible for purchases (in %), YTD 2015 Women < 50 responsible for purchases (in %) -1.2 -0.4 -0.1 -0.3 GROUPE 23,5 M6 21,0% 15,2 Others +0.4 10,0 33,2% 4,0 TF1 M6 Fr2 Fr3 +/-0 +0.1 -0.1 +0
Slide 10: Family of channels continues growth
RTL Nederland Family of channels continues growth FAMILY OF CHANNELS BY CHANNEL 20 – 49, Primetime (in %), YTD 2015 20 – 49, Primetime (in %) RTL Nederland +0.7 -5.0 -0.1 +0.9 +0.5 +0.7 Others 18,3 14,7 23,0% 31,6% 8,8 6,2 6,2 RTL 4 Ned 1 SBS 6 Ned 3 Veronica +0.2 -0.3 +0.1 +0.1 +0.1 24,5% Pubcaster
Slide 11: Retransmission fees grow double digits
Retransmission fees grow double digits RTL GROUP PLATFORM REVENUE HD SUBSCRIBERS, GERMANY (in € million) (in million) HD 1 channels +18% +16% 118 Thematic 5,7 channels 5,4 100 4,9 VOD on managed 3 HY 2014 HY 2015 platforms HY 2014 2014 HY 2015 Platform revenue defined as revenue generated across all
Slide 12: FremantleMedia: More format development, drama and digital
FremantleMedia More format development, drama and digital €28m stable EBITA acquisition of a leading Italian producer +149% digital revenue America’s Got Talent, FremantleMedia North America 12
Slide 13: FremantleMedia: Push into scripted prime-time entertainment
FremantleMedia Push into scripted prime-time entertainment New acquisition New top production New development The Young Pope: Starring Jude Law, Deutschland 83: “Fresh and American Gods: TV serial adaptation Diane Keaton enjoyable” (New York Times) of best selling novel Leading Italian indepen
Slide 14: FremantleMedia: Boosted by recent M&A and talent deals
FremantleMedia Boosted by recent M&A and talent deals Development deals Recent acquisitions / investments Development deal with new Danish 25 % stake in new UK based 51% stake in new French based based production company Skylark production company with Simon scripted production company focusin
Slide 15: Agenda
Agenda 1 22 2 Half-year Group Business RTL Group’s 2015 highlights financials segments strengths & strategy 15
Slide 16: Media is in a state of constant evolution
Media is in a state of constant evolution Television Monetisation Remains highly profitable – video Multi-platform distribution leads to consumption increasingly across all converging media sales and platform screens fee opportunities BROADCAST Production & IP Digital Video New global hits are hard
Slide 17: Viewing time stable, but slight decline in young demo's
Viewing time stable, but slight decline in young demo’s TV viewing time in minutes per day1) Average daily time (incl. time shifting) Germany France US CAGR CAGR CAGR 223 221 10-14 212 221 10-14 292 282 10-14 Total -0.2% Total +1% Total -1% 219 E 15-24 E 14-29 158 E 15-34 146 142 124 -3% -2% 171 -6%
Slide 18: Our main channels invest heavily in local production
Our main channels invest heavily in local production Germany France Netherlands Local productions Acquired content In hours, in 2014 +4% -2% +11% +X% YoY growth 65% 70% 88% 91% 91% X New format launches 40 15 11 5 20 11 X New format launches above channel average +7% -7% +34% 54% 64% 76% 34 14 5 3 1
Slide 19: Measurement systems need to adapt to follow the audience
Measurement systems need to adapt to follow the audience Type of viewing Trend Data DE FR NL Overall linear viewing on TV set Linear TV Extended TV Panel With younger viewing Measurement Time-shifted Time shifted viewing within 7 days 4 days Starting 2016 Starting Catch-Up TV (7+days) 2015 Incl. IPT
Slide 20: Digital hub created to manage growth of video assets
Digital hub created to manage growth of video assets RTL DIGITAL HUB #2 MCN worldwide Fashion & beauty #1 MCN Video advertising Top5 platform European #1 MCN Pioneer in programmatic ad sales on linear TV * 51% shareholding in Divimove is held by FremantleMedia; RTL Group has a 17 per cent minority s
Slide 21: RTL Group is becoming a truly global online video powerhouse
RTL Group is becoming a truly global online video powerhouse VIDEO VIEWS RTL GROUP HY 2015 (in billion)2) European media company 1# in online video1) digital revenue, driven by +94% acquisitions and organic 42,5 growth of +33% YouTube channels managed 15,7 45,000 by world leading stack of MCNs 1,2 4
Slide 22: RTL Group has become a global leader on YouTube
RTL Group has become a global leader on YouTube COMSCORE MCN RANKING By video views, excl. music services1) #2 #1 #2 #5 #1 worldwide 2) in US #1 in #1 #2 #3 3) Europe #1 in #1 #2 #3 Germany 4) In June 2015 June 2014 June 2015 1) Content & ads, excl. mobile; 2) Aggregated pro-forma view of all MCN’s
Slide 23: Digital has become a key driver of top-line growth
Digital has become a key driver of RTL Group’s top-line growth DIGITAL REVENUE YoY growth In € million X2 219 +84% Ad Non-Ad 1) 103 113 +112% 1) +90% HY 2013 HY 2014 HY 2015 4% Share of total revenue 8% RTL Group to further grow its leading position in online video 1) Pro-forma 23
Slide 24: SpotX - impressive profitable growth path
SpotX - impressive profitable growth path Strong revenue growth Growing publisher base HY 2015 revenue growth, YoY1) Latest additions +100% YoY 4.2bn Ad decisions processed per day Live platform publishers 300+ +112% Growth of private market place usage ~100 New offices +4 In Amsterdam, Hamburg Belf
Slide 25: RTL Group's strategic focus
RTL Group’s strategic focus Strengthen & reinforce Improve & extend Reach and audience performance Sales and monetisation (ad/pay) BROADCAST Develop & innovate Broaden & intensify Broadcaster programming Digital capabilities (e.g. ad-tech) Invest & grow CONTENT DIGITAL Scale & expand FremantleMedia
Slide 26: 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 27: RTL Group Toronto & Boston, Citi Group
RTL Group Toronto & Boston, Citi Group 8-9th October 2015