QUARTER 1 RESULTS 2013 16 May 2013 Anke Schäferkordt, Co-CEO Guillaume de Posch, Co-CEO Elmar Heggen, CFO The leading European entertainment network
Agenda Q1 HIGHLIGHTS o Business Review o Financial Review o Business Outlook The leading European entertainment network 2
Quarter 1 highlights 2013 REVENUE 1.3 billion REPORTED EBITA continuing operations 207 million EBITA MARGIN 15.6% CASH CONVERSION 164% NET DEBT POSITION 278 million NET RESULT 133 million STRONG OPERATIONAL RESULTS COMBINED WITH EXCEPTIONAL CASH GENERATION 3
Agenda o Q1 highlights BUSINESS REVIEW o Financial Review o Business Outlook The leading European entertainment network 4
Mediengruppe RTL Deutschland AUDIENCE SHARE FAMILY OF CHANNELS 14-59 (in %) SHARE OF NET ADVERTISING MARKET (in %) 29.5 29.4 30.9 30.1 31.5 32.4 32.6 31.3 31.7 27.6 26.7 26.4 26.9 27.4 26.9 26.0 25.2 23.9 RTL P7S1 43.8 43.3 46.4 43.4 43.1 39.2 43.5 43.9 43.7 44.4 43.9 41.6 41.4 41.4 40.8 41.4 RTL P7S1 2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013 AUDIENCE SHARE 14-59 (in %) +/-0-0.8-0.7 +/-0 +0.3-0.1 2006 2007 2008 2009 2010 2011 2012 Q1 2013 Note: P7S1 includes N24 up to 2010. 2011 and 2012 exclude Sixx KEY FINANCIALS (in million) REVENUE 456 461 EBITA 15.0 9.3 8.2 5.6 7.8 5.2 23.9% 109 29.1% 134 x RTL Sat.1 Pro7 Percentage point deviation vs FY 2012 Source: GfK, ZAW and RTL Group estimates RTL II Vox Kabel1 Q1 2012 Q1 2013 Q1 2012 Q1 2013 STRONG FINANCIAL AND OPERATIONAL PERFORMANCE 5
Groupe M6 AUDIENCE SHARE MAIN CHANNELS HOUSEWIVES <50 ALL DAY (in %) -1.0 +0.1-1.2-0.5 +2.6 NET TV ADVERTISING MARKET DEVELOPMENT Q1 2013 VS Q1 2012 (in %) 16.0 25.6 9.8 4.5 44.1 Market M6-3.9 TF1 x M6 TF1 France 2 France 3 Others Percentage point deviation vs FY 2012-10.8-13.0 M6 and TF1: based on published information. Market : RTL Group estimates AUDIENCE SHARE FAMILY OF CHANNELS HOUSEWIVES <50 ALL DAY (in %) -0.9 +0.2-2.7 KEY FINANCIALS (in million) REVENUE EBITA 355 349 20.3 32.4 18.2 17.7% 17.2% Groupe M6 TF1 Group France Télévisions x Percentage point deviation vs FY 2012 Source: Médiamétrie, housewives under 50, RTL Group estimates Groupe M6: M6 and W9; TF1 Group: TF1, TMC and NT1; France TV: Fr2 Fr5 Q1 2012 Q1 2013 63 60 Q1 2012 Q1 2013 SOLID PERFORMANCE IN DIFFICULT MARKET CONDITIONS 6
FremantleMedia KEY FACTS 2013 KEY FINANCIALS (in million) REVENUE EBITA Core franchises remain strong o Idols: 13 th season confirmed for US version X Factor: 3 rd season confirmed in US upfront by Fox Got Talent: continued high ratings on ITV1 Worldwide presence in production, distribution and digital 311 303 4.2% 3.3% o Five year partnership with BBC to develop high quality children s content o New production label called Newman Street focus on producing drama for British television 13 10 Q1 2012 Q1 2013 Q1 2012 Q1 2013 OPERATIONAL PERFORMANCE IN LINE WITH EXPECTATIONS 7
RTL Nederland AUDIENCE SHARE: 20-49, PRIMETIME (in %) NET TV ADVERTISING MARKET DEVELOPMENT Q1 2013 vs Q1 2012 (in %) +1.3-3.0-0.8-1.4 +0.9 Market RTL Nederland 19.8 14.4 8.4 4.5 5.6 RTL 4 NED 1 SBS 6 RTL 5 Net 5-7.2-5.7 x Percentage point deviation vs FY 2012 Source: RTL Group estimates (spot and non-spot) AUDIENCE SHARE FAMILY OF CHANNELS 20-49, PRIMETIME (in %) -0.1 +0.7-2.4 KEY FINANCIALS (in million) REVENUE 90 92 5.6% EBITA 4.3% 32.2 20.7 26.7 5 4 x RTL Nederland SBS Ned 1-3 Percentage point deviation vs FY 2012 Q1 2012 Q1 2013 Q1 2012 Q1 2013 MARKET LEADERSHIP MAINTAINED 8
RTL Belgium AUDIENCE SHARE: SHP 18-54, PRIMETIME (in %) NET TV ADVERTISING MARKET DEVELOPMENT Q1 2013 VS Q1 2012 (in %) -0.7 +1.5-0.9 +0.4 +0.1 Market RTL Belgium RTBF 26.6 14.2 4.9 6.1 3.4 RTL-TVI La Une La Deux Club RTL Plug RTL -10.4-11.9-7.4 x Percentage point deviation vs FY 2012 AUDIENCE SHARE FAMILY OF CHANNELS -0.2 +0.5 +0.1-1.1 36.1 SHOPPERS 18-54, PRIMETIME (in %) 19.1 4.7 24.3 Source: RTL Group estimates KEY FINANCIALS (in million) REVENUE 54 51 22.2% EBITA 23.5% 12 12 RTL Belgium Pubcaster AB 3 French Channels x Percentage point deviation vs FY 2012 Source: Audimétrie Q1 2012 Q1 2013 Q1 2012 Q1 2013 COST CONTROL OFFSETS WEAK TV ADVERTISING MARKET 9
RTL Radio (France) AVERAGE AUDIENCE SHARE 2012 13+, 5-24H, MON FRI (in %) RTL STATIONS NRJ GROUP LAGARDÈRE PUBCASTER 18.6 +0.4p 15.0 +/-0p 12.1-0.2 20.0-0.5p +0.9 12.4-0.1-0.4 +0.6-0.6 +/-0 +/-0-0.1-0.3 +0.2-0.9 +0.8-0.4 7.1 7.1 9.5 7.1 3.7 2.5 3.7 2.8 1.4 1.9 3.1 3.4 x RTL Fun Radio RTL2 NRJ Nostalgie Chérie FM Percentage point deviation vs same period 2012 Rire & Chansons Eur. 1 Virgin RFM France Inter France Bleu France Info KEY FACTS 2013 KEY FINANCIALS (in million) REVENUE EBITA Audience share of RTL family well ahead of commercial rivals Advertising market estimated to be down 1.8 per cent 41 39 7.3% 5.1% 3 2 Q1 2012 Q1 2013 Q1 2012 Q1 2013 MARKET LEADERSHIP MAINTAINED 10
Agenda o Full-year highlights o Business Review FINANCIAL REVIEW o Business Outlook The leading European entertainment network 11
Review of Results 31 March 2013, continuing operations (1/2) In million 3 months to March 2013 3 months to March 2012 Per cent change REVENUE 1,329 1,322 +0.5 REPORTED EBITA 207 191 +8.4 Reported EBITA margin (%) 15.6 14.4 +1.2pp Net result attributable to RTL Group shareholders 133 112 +18.7 UNDERLYING REVENUE 1,329 1,322 +0.5 UNDERLYING EBITA 215 191 +12.5 12
Review of Results 31 March 2013, continuing operations (2/2) In million 3 months to March 2013 3 months to March 2012 Per cent change REPORTED EBITA 207 191 +8.4 Impairment of investment in associates and amortisation and impairment of fair value adjustments on acquisitions of subsidiaries and joint ventures and re-measurement of earnout arrangements Gain from sale of subsidiaries, joint ventures and other investments and re-measurement to fair value 11 (12) 1 - Net financial (expense) / income (2) 28 Income tax expense (61) (62) PROFIT FOR THE PERIOD CONTINUING OPERATIONS 156 145 LOSS FOR THE PERIOD DISCONTINUED OPERATIONS - (1) PROFIT FOR THE PERIOD 156 144 +8.3 Attributable to: Non controlling interests 23 32 RTL Group shareholders 133 112 +18.7 13
Cash Flow Statement as of 31 March 2013 In million 3 months to March 2013 3 months to March 2012 NET CASH FLOW FROM OPERATING ACTIVITIES 327 149 Add: Income tax paid 25 81 Less: Acquisition of assets, net (12) (35) Equals: Reported free cash flow (FCF) 340 195 Acquisition of subsidiaries and JVs, net of cash acquired (39) 1 Disposal of subsidiaries and JVs, net of cash - (2) Other financial assets (deposit excluded), net (1) 6 Net interest received / (paid) 12 (12) Income tax paid (25) (81) Dividends paid (1,613) (4) CASH GENERATED / (USED) (1,326) 103 REPORTED EBITA (CONTINUING AND DISCONTINUED) 207 187 EBITA CONVERSION (FCF/EBITA) 164% 104% 14
Agenda o Full-year highlights o Business Review o Financial Review BUSINESS OUTLOOK The leading European entertainment network 15
Outlook Economic conditions remain challenging and visibility extremely limited RTL Group will remain focused on its leadership positions and disciplined in cost management RTL Group will continue with long-term investment strategy covering broadcast, content and digital 16
QUARTER 1 RESULTS 2013 16 May 2013 Anke Schäferkordt, Co-CEO Guillaume de Posch, Co-CEO Elmar Heggen, CFO The leading European entertainment network