The leading European entertainment network

16 May 2013

Anke Schäferkordt, Co-CEOGuillaume de Posch, Co-CEOElmar Heggen, CFO

QUARTER 1RESULTS 2013

The leading European entertainment networkThe leading European entertainment network

Agenda

● Q1 HIGHLIGHTS

o Business Review

o Financial Review

o Business Outlook

2

REVENUE

€1.3 billion

REPORTED EBITA continuing operations

€207 million

CASH CONVERSION

164%EBITA MARGIN

15.6%NET RESULT€133 million

STRONG OPERATIONAL RESULTS COMBINED WITH EXCEPTIONAL CASH GENERATION

Quarter 1 highlights 2013

3

NET DEBT POSITION€278 million

The leading European entertainment networkThe leading European entertainment network

Agenda

o Q1 highlights

● BUSINESS REVIEW

o Financial Review

o Business Outlook

4

Note: P7S1 includes N24 up to 2010. 2011 and 2012 exclude Sixx

STRONG FINANCIAL AND OPERATIONAL PERFORMANCE

KEY FINANCIALS (in € million)AUDIENCE SHARE 14-59 (in %)

Mediengruppe RTL Deutschland

15.0

9.3 8.2

29.529.4

30.9 30.131.5 32.4 32.6

31.3 31.7

27.6 26.7 26.4 26.9 27.4 26.9 26.025.2

23.9

2005 2006 2007 2008 2009 2010 2011 2012 Q1 2013

5.67.8

5.2

43.843.3

46.4

43.543.9

43.7 44.4 43.9

43.4 43.1

39.2

41.6 41.4 41.4 40.8 41.4

2006 2007 2008 2009 2010 2011 2012 Q12013

AUDIENCE SHARE – FAMILY OF CHANNELS14-59 (in %)

RTL

P7S1

RTL Pro7Sat.1 VoxRTL II Kabel1

RTL

P7S1

SHARE OF NET ADVERTISING MARKET (in %)

-0.1+/-0+/-0 -0.8 -0.7 +0.3

Percentage point deviation vs FY 2012Source: GfK, ZAW and RTL Group estimates

x

5

456 461

109 134

ROS

23.9%

ROS

29.1%

Q1 2012 Q1 2013Q1 2012 Q1 2013

REVENUE EBITA

355 349

SOLID PERFORMANCE IN DIFFICULT MARKET CONDITIONS

16.0

25.6

9.84.5

44.1

M6 TF1 France 2 France 3 Others

NET TV ADVERTISING MARKET DEVELOPMENT

AUDIENCE SHARE – FAMILY OF CHANNELS

Groupe M6

20.332.4

18.2

Groupe M6 TF1 Group France Télévisions

AUDIENCE SHARE – MAIN CHANNELSQ1 2013 VS Q1 2012 (in %)

-10.8

-3.9

-13.0

63 60

KEY FINANCIALS (in € million)

M6 TF1Market

-0.9 -2.7+0.2

ROS

17.2%

ROS

17.7%

HOUSEWIVES <50 ALL DAY (in %)

HOUSEWIVES <50 ALL DAY (in %)

-1.0 -1.2 +2.6+0.1 -0.5

Percentage point deviation vs FY 2012

Source: Médiamétrie, housewives under 50, RTL Group estimatesGroupe M6: M6 and W9; TF1 Group: TF1, TMC and NT1; France TV: Fr2 – Fr5

x

Percentage point deviation vs FY 2012x

6

M6 and TF1: based on published information. Market : RTL Group estimates

Q1 2012 Q1 2013Q1 2012 Q1 2013

REVENUE EBITA

● Core franchises remain strongo Idols: 13th season confirmed

for US versionX Factor: 3rd season confirmed in US upfront by FoxGot Talent: continued high ratings on ITV1

● Worldwide presence

in production, distribution and digital

o Five year partnership with BBC to develop high quality children’s content

o New production label called Newman Street – focuson producing drama for British television

1310

OPERATIONAL PERFORMANCE IN LINE WITH EXPECTATIONS

FremantleMedia

KEY FACTS 2013 KEY FINANCIALS (in € million)

ROS

4.2%

ROS

3.3%

7

REVENUE EBITA

Q1 2012 Q1 2013 Q1 2012 Q1 2013

311 303

90 92

MARKET LEADERSHIP MAINTAINED

AUDIENCE SHARE – FAMILY OF CHANNELS

RTL Nederland

KEY FINANCIALS (in € million)

AUDIENCE SHARE: 20-49, PRIMETIME (in %)

19.8 14.4 8.4 4.5 5.6

RTL 4 NED 1 SBS 6 RTL 5 Net 5

+1.3 -1.4-3.0

32.2

20.726.7

RTL Nederland SBS Ned 1-3

-0.1 -2.4+0.7

-0.8 +0.9

Q1 2013 vs Q1 2012 (in %)

NET TV ADVERTISING MARKET DEVELOPMENT

-7.2-5.7

Market RTL Nederland

Percentage point deviation vs FY 2012x

Percentage point deviation vs FY 2012x Source: RTL Group estimates (spot and non-spot)

8

5 4

ROS

5.6%

ROS

4.3%

REVENUE EBITA

Q1 2012 Q1 2013 Q1 2012 Q1 2013

20-49, PRIMETIME (in %)

COST CONTROL OFFSETS WEAK TV ADVERTISING MARKET

54 51

12 12

NET TV ADVERTISING MARKET DEVELOPMENT

AUDIENCE SHARE – FAMILY OF CHANNELS

RTL Belgium

26.6

14.24.9 6.1 3.4

RTL-TVI La Une La Deux Club RTL Plug RTL

36.1

19.1

4.7

24.3

RTL Belgium Pubcaster AB 3 FrenchChannels

AUDIENCE SHARE: SHP 18-54, PRIMETIME (in %)

KEY FINANCIALS (in € million)

-0.2 +0.1+0.5 -1.1

-10.4 -11.9

-7.4

Market RTL Belgium RTBF

Q1 2013 VS Q1 2012 (in %)

-0.7 -0.9+1.5 +0.4

ROS

22.2%

ROS

23.5%

Percentage point deviation vs FY 2012

Source: Audimétrie

x

Percentage point deviation vs FY 2012x

9

REVENUE EBITA

Q1 2012 Q1 2013 Q1 2012 Q1 2013

Source: RTL Group estimates

+0.1

SHOPPERS 18-54, PRIMETIME (in %)

41 39

MARKET LEADERSHIP MAINTAINED

12.1

● Audience share of RTL family well ahead of commercial rivals

● Advertising market estimated to be down 1.8 per cent

RTL Radio (France)

KEY FACTS 2013 KEY FINANCIALS (in € million)

+0.6 -0.6 +/-0 -0.1 -0.3 -0.9 +0.8

15.0 +/-0p -0.2

AVERAGE AUDIENCE SHARE 2012 – 13+, 5-24H, MON – FRI (in %)

RTL Fun Radio

RTL2 NRJ Nostalgie ChérieFM

Rire &Chansons

Eur. 1 Virgin RFM FranceInter

FranceBleu

FranceInfo

RTL STATIONS NRJ GROUP LAGARDÈRE PUBCASTER

18.6 -0.5p+0.4p 20.0

+0.9

12.4

3.7 2.5

7.1

3.7 2.81.4

7.1

1.9 3.1

9.57.1

3.4

Percentage point deviation vs same period 2012x

10

3 2

ROS

7.3%

ROS

5.1%

Q1 2012 Q1 2013Q1 2012 Q1 2013

REVENUE EBITA

-0.1 -0.4 +/-0 -0.4+0.2

The leading European entertainment networkThe leading European entertainment network

Agenda

o Full-year highlights

o Business Review

● FINANCIAL REVIEW

o Business Outlook

11

Review of Results 31 March 2013, continuing operations (1/2)

In € million3 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)

3 months to

March 2013

3 months to

March 2012Per 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 earn-out arrangements

11 (12)

Gain from sale of subsidiaries, joint venturesand other investments and re-measurement to fair value

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

In € million

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

The leading European entertainment networkThe leading European entertainment network

Agenda

o Full-year highlights

o Business Review

o Financial Review

● BUSINESS OUTLOOK

15

Outlook

16

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 strategycovering broadcast, content and digital

The leading European entertainment network

16 May 2013

Anke Schäferkordt, Co-CEOGuillaume de Posch, Co-CEOElmar Heggen, CFO

QUARTER 1RESULTS 2013