Agenda. Introduction. Business Review. Financial Review. Outlook

Transcription

1 results August 2008 Gerhard Zeiler & Elmar Heggen Interim

2 Agenda Introduction Business Review Financial Review Outlook

3 RTL Group Interim Highlights % -2.5% EUR 2.9 billion Reported EBITA EUR 502 million EBITA margin 17.5% up on constant exchange rate basis +1.6% Excellent results from RTL Deutschland and FremantleMedia Strong cash conversion: 95% Net Cash Position: EUR 588 million RTL Group reports another set of solid results

4 Agenda Introduction Business Review Financial Review Outlook

5 Profit Centre Mediengruppe RTL Deutschland Interim Results 2008 Audience share (14-49) in % RTL P7S , % % +29.0% HY 2008 HY 2008 HY 2007 EBITA 15.6 RTL Audience share (14-49) in % Sat Pro7 6.3 RTL II 7.3 Vox Kabel1 Share of net advertising market (%) HY RTL P7S1 Source: GfK, ZAW and RTL Group estimates

6 Profit Centre M6 Interim Results 2008 Audience share (housewives < 50) in % % % 21.3% M6 TF1 France 2 France 3 Others W9 (housewives < 50, May-June, in %) HY 2008 HY 2007 EBITA Advertising market (%) Net ad development HY 2008 vs. HY 2007 TF1 Market W9 TMC Gulli France 4 NT1 NRJ12 Virgin 17 M Source: Médiamétrie, RTL Group estimates

7 Profit Centre FremantleMedia Interim Results 2008 Key facts 2008 Currency effects (strong EUR) have negative impact on revenue and EBITA of EUR 43 million and EUR 7 million respectively Operational performs remains strong in three main markets of USA, UK and Germany % 15.1% Existing formats such as Idols and Got Talent continue to perform well. The game show Hole in the Wall has become FremantleMedia s fastest ever international roll-out having been sold to 22 countries already % 91 HY 2008 HY 2007 EBITA At constant FX

8 Profit Centre Five Interim Results 2008 Share of adult viewing (all day) in % Reported % 2.1% 0 5 BBC1 BBC2 ITV1 Ch 4 Five family Net advertising market (%) Net ad development HY 2008 vs. HY 2007 Net ad share Others HY 2008 EBITA HY % % Underlying * Market Five 1) HY 2007 HY ) Five HY 2008 EBITA HY ) Five family spot advertising revenue Source: BARB, ITC * Underlying results adjusted for start up losses, restructuring costs and at constant foreign exchange rates

9 Profit Centre Netherlands Interim Results 2008 Audience share (shp 20-49, primetime) in% Families of channels: % % % 33 RTL SBS Ned 1-3 HY 2008 HY 2007 EBITA Share of net advertising market (%) 1) Radio 538 audience share (20-49) and financials Market +4.1% % RTL SBS STER Talpa Others 29.5 HY 2007 HY 2008 Radio 538 Radio 3FM Q-Music Sky Radio HY 2008 EBITA 1) Source : RTL Group estimates

10 Profit Centre Belgium Interim Results 2008 Audience share (shp 18-54, primetime) in % 1) % % % RTL Belgium Pubcaster AB Group French Channels HY 2008 HY 2007 EBITA Underlying EBITA Net ad development (%) HY 2008 vs. HY 2007 Key facts 2008 Increased audience share despite impact of Euro 2008 championship EBITA down year on year mainly because of EUR 10 million profit on disposal recorded in 2007 Market RTL TVi RTBF Source: Audimetrie 1) CIM MDB South, TVi estimates

11 Profit Centre Radio France Interim Results 2008 Market Leadership!! Audience share April June 2008 (13+, 5-24h, Mon - Fri) in % p p p RTL Fun RTL2 NRJ NostalgieChérie Rire & Eur. 1 Virgin RFM France France France Radio FM Chansons Inter Bleu Info RTL Group stations NRJ Group Lagardère Pubcaster Other RMC Skyrock MFM Indep. Info x Deviation vs. Apr June 2007 Key facts 2008 RTL family maintains and increases audience market leadership best result since 2001 Advertising market share improved to 29.0 per cent, out-performing in a market estimated to be down 4% % +13.3% HY 2008 HY 2007 Reported EBITA up 13% at EUR 17 million EBITA 15.8% 15

12 Profit Centre RTL Televizija Interim Results 2008 Audience share (18-49, all day) in % RTL Televizija Nova HTV1 HTV HY 2008 HY 2007 EBITA Net ad development (%) HY 2008 vs. HY Market RTL HTV Nova 40.1 Share of net advertising market (%) 1) Market +8.3% RTL HTV Nova HY 2007 HY ) Source : RTL Group estimates

13 Profit Centre Antena 3 Interim Results 2008 Audience share (individuals) in % 100% view % % % 184 Antena 3 Telecinco TVE1 Cuatro La Sexta Net ad development (%) HY 2008 vs. HY 2007 HY 2008 HY 2007 EBITDA Group contribution % Market Antena 3 T5 TVE HY 2008 HY 2007 Source: Internal estimates

14 Profit Centre RTL Klub and REN TV Interim Results 2008 RTL Klub (Hungary) Audience share (18-49, primetime) in % Ren TV (Russia) Audience share (18-54, all day) in % RTL Klub TV2 M1 Ch1 Russia STS NTV TNT REN TV Key financials (in HUF million) 100% view % view 17, % 15, % +29.3% 3,836 2,966 5% % 6 HY 2008 HY 2007 EBITA HY 2008 HY 2007 EBITA

15 Agenda Introduction Business Review Financial Review Outlook

16 Review of results 30 June 2008 (1/2) In EUR million Half Year to June 2008 Half Year to June 2007 Per cent change 2,864 2, Reported EBITA Restructuring charges and similar (3) 6 Start-up losses (11) (14) Adjusted EBITA Reported EBITA margin (%) pp Adjusted EBITA margin (%)

17 Review of results 30 June 2008 (2/2) In EUR million Half Year to June 2008 Half Year to June 2007 Per cent change Reported EBITA Impairment of goodwill and amortisation of fair values (19) (129) Gain/Loss from sale of subsidiaries, joint ventures and other investments 7 96 Net financial income Income tax expense (124) (141) Profit for the period Attributable to: Minority Interest Profit for the year attributable to RTL Group shareholders Adjusted EPS

18 Cash flow statement as of 30 June 2008 In EUR million Net cash flow from operating activities Add: Income tax paid Less: Acquisition of assets, net Equals: Reported free cash flow (FCF) Acquisition of subsidiaries and JVs, net of cash acquired Disposal of subsidiaries and JVs, net of cash Other financial assets (deposit excluded), net Net interest received Income tax paid Dividends paid Cash generated Reported EBITA EBITA conversion (FCF/EBITA) Half Year to June (68) 478 (22) - (35) 24 (57) (842) (454) % Half Year to June (57) 493 (13) (118) (528) %

19 Agenda Highlights Business Review Financial Review Outlook

20 Outlook Visibility on Advertising Markets still low Cautious outlook given wider economic developments Confident to achieve profit targets for the full year

21 Interim results August 2008 Gerhard Zeiler & Elmar Heggen