RTL Group Annual Report 2006 Group RTL 24.6 Fully Consolidated Profit Centres Key Figures at a Glance RTL GROUP + 24.6 %
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Five year summary RTL Group e Frieden 45, boulevard Pierr g L-1543 Luxembour 201 T: +352 2486 5 2006 2005 2004 2003 2002 €m €m €m €m €m F: +352 2486 5139 www.rtlgroup.com Revenue 5,640 5,115 4,878 4,452 4,362 – of which net advertising sales 3,418 3,149 3,016 2,706 2,697 Other operating income 86 103 118 76 83 Annual Report 2006 Consumption of current programme rights (1,968)(1,788) (1,607) (1,501) (1,411) The leading European entertainment network Depreciation, amortisation and impairment (217)(219) (233) (335) (339) Other operating expense (2,764)(2,518) (2,495) (2,201) (2,305) Amortisation and impairment of goodwill and fair value adjustments on acquisitions of subsidiaries and joint ventures (14)(16)(13)(317)(298) Gain/(loss) from sale of subsidiaries, joint ventures and other investments 207 1 (18) 3 (5) Profi t from operating activities 970 678 630 177 87 Share of results of associates 72 63 42 (4) 34 Earnings before interest and taxes (“EBIT”) 1,042 741 672 173 121 Net interest income/(expense) 2 (11) (25) (35) (36) Financial results other than interest 33 2 (19) (20) (47) Profi t before taxes 1,077 732 628 118 38 Income tax income/(expense) 34 (116) (196) (95) (85) Profi t for the period 1,111 616 432 23 (47) Attributable to: RTL Group shareholders 890 537 366 14 (56) Minority interest 221 79 66 9 9 Profi t for the period 1,111 616 432 23 (47) How we created value in 2006 EBITA 851 758 709 487 424 Amortisation and impairment of goodwill and fair value adjustments on acquisitions of subsidiaries and joint ventures (14)(16)(13)(317)(298) Amortisation of fair value adjustments % on acquisitions of associates (2)(2) (6) – – EBITA Gain/(loss) from sale of subsidiaries, growth in joint ventures and other investments 207 1 (18) 3 (5) 2006 Earnings before interest and taxes (“EBIT”) 1,042 741 672 173 121 + Earnings per share (in €) – Basic 5.79 3.50 2.38 0.09 (0.37) .3 – Diluted 5.79 3.50 2.38 0.09 (0.37) 12 Ordinary dividend per share 1.20 1.05 0.95 0.80 0.70 % Extraordinary dividend per share 1.80 – – – – share price Dividends paid (€million) 464 163 146 123 107 performance Average number of full-time equivalent employees 8,788 8,771 8,221 7,465 7,414 2006 Net assets (€million) 6,161 5,348 4,862 4,2684,425 Net cash/(debt) (€million) 734 267 246 (298) (755) + RTL Group Annual Report Group 2006RTL 24.6 Fully consolidated profit centres Key figures at a glance RTL GROUP + 24.6 % DJ STOXX + 5.4 % 2006 share price performance INDEX = 100 2006 2005 2004 2003 2002 2006 2005 2004 2003 2002 Germany – Television and radio €m €m €m €m €m France – Radio €m €m €m €m €m Dividend per share 2002–2006 (¤) Revenue 1,965 1,858 1,826 1,877 1,847 Revenue 198 198 207 208 200 06 3.00 * * Of which ¤1.80 pro- EBITA 301 244 262 261 238 EBITA 33 37 43 41 33 posed extraordinary 05 1.05 dividend per share 04 0.95 2006 2005 2004* 2003 2002 2006 2005 2004 2003 2002 03 0.80 France – Television €m €m €m €m €m Belgium – Television and radio €m €m €m €m €m 02 0.70 + 185.7 % Revenue 1,410 1,270 1,145 570 451 Revenue 186 174 167 148 145 EBITA 249 229 207 100 80 EBITA 34 28 26 28 20 * ( ) Adjusted earnings per share 2002–2006 ¤ * M6 has been fully consolidated from February 2004 06 3.52 * Adjusted earnings per share represents the 05 2.96 net profi t for the period 2006 2005 2004 2003 2002 2006 2005 2004 2003 2002 FremantleMedia – Content €m €m €m €m €m Luxembourg – Television, radio and technical services €m €m €m €m €m 04 2.62 adjusted for amortisation of fair value adjust- 03 2.14 ments on acquisitions and impairment of Revenue 1,128 947 866 819 819 Revenue 79 110 125 - - 02 1.61 goodwill, gain or loss from sale of subsidiaries, EBITA 128 104 101 68 84 EBITA 3 16 5 - - + 18.9 % joint ventures and other investments, net of income tax expense Revenue 2002–2006 (¤million) and one-off tax effects 2006 2005* 2004 2003 2002 2006 2005 2004 2003 2002 06 5,640 UK – Television €m €m €m €m €m Croatia – Television €m €m €m €m €m 05 5,115 04 4,878 Revenue 466 370 276 250 259 Revenue 44 38 14 - - 03 4,452 EBITA (1) 36 18 9 (2) EBITA 0 (8) (19) - - 02 4,362 * Five has been fully consolidated from September 2005 + 10.3 % 2006 2005 2004 2003 2002 Netherlands – Television and radio €m €m €m €m €m EBITA 2002–2006 (¤million) Revenue per business segment 2006 (¤million) 06 851 TV 4,346 Revenue 350 358 338 327 324 05 758 Content 1,176 EBITA 70 46 39 25 (12) 04 709 Radio 240 03 487 Others 73 02 424 Eliminations (195) + 12.3 % Total 5,640 Equity 2002–2006 (¤million) EBITA per business segment 2006 (¤million) 06 6,161 TV 698 05 5,348 Content 131 04 4,862 Radio 51 03 4,268 Others (29) 02 4,425 Total 851 + 15.2 % Market capitalisation 2002–2006 (¤billion) Shareholding structure* 31 December 2006 (%) * excluding 0.76% which 06 13.1 is held collectively 05 10.5 Bertelsmann 89.8 as treasury stock by RTL RTL Group and one of 04 8.5 its subsidiaries Group 03 7.3 Public 10.2 02 4.4 + 24.6 % 000_Umschlag.indd0_Umschlag.indd Abs1:2Abs1:2 221.03.20071.03.2007 118:09:348:09:34 UhrUhr Mission statement RTL Group is a house RTL Group is... of excellent content and powerful brands, No. 1 in TV and Radio Broadcasting in Europe which is able to 38 TV channels and 29 radio stations in 10 countries deliver its content Each day, more than 200 million viewers all over Europe watch RTL Group’s television stations to all media platforms worldwide and to Global Leader in Content (Production and Rights) repeat its broadcasting More than 300 programmes in 22 countries Over 10,000 hours of programming per year success story in No. 1 primetime programmes for broadcasters in almost every major TV market in the world every country while fulfi lling its obligation Largest Independent Distribution Company Outside the US to society. Broadcasting rights for 19,000 programming hours in 150 countries worldwide 000_Stickerseite_RS.indd0_Stickerseite_RS.indd Abs2:2Abs2:2 221.03.20071.03.2007 110:54:380:54:38 UhrUhr Programme highlights 2006 Our recipe for success is simple – offering popular high-quality entertainment and Prison Break American Idol La Coupe du Monde Le Pirette Show information to all our The fi nal episode of season 1, followed Judge Randy Jackson says: “This is By broadcasting 31 matches of the 627,000 viewers watched the show by the fi rst episode in season 2, the greatest music talent show ever.” football World Cup, M6 achieved starring the Belgian comedian François made M6 the most watched channel And fellow jurist Paula Abdul new record audiences and Pirette on RTL-TVI in September 2006. that evening. The fi rst episode of calls the show a “cultural changed its image to a truly audiences. season 2 also drew the fourth highest phenomenon”. generalist channel. audience ever for M6. 335.65 m No. of viewers (fi nal show) .6 m No. of World Cup broadcasts 3311 in million De Journal CSI Szombat Esti Láz Wer wird Millionär Jornal Nacional Live Boxing RTL Télé Lëtzebuergs launched The latest series attracted up to 4.5 RTL Klub aired two series of this celebri- The quiz show with Günther Jauch Jornal Nacional was the leading daily Ren TV secured the exclusive live the 2006 season with a brand new, million viewers and an audience share of ty dancing show in 2006. Each series again proved a powerful audience news programme on Portuguese TV, broadcast rights for major boxing events state-of-the-art news studio. 18.8 per cent making it the most comprised seven episodes, favourite. Jauch also scores reaching an average audience featuring Russian champions popular transmission of the all of which scored excellent high ratings with the weekly share of 32.1 per cent. such as the “Russian Giant” US drama on the channel. audience ratings. magazine Stern TV. Nikolay Valuev. Apart from scoring high ratings, the Audience share 2006 559%9% Peak audience share 118.8%8.8% Average audience share 442.5%2.5% Quiz show NNo.1o.1 Daily TV news programme NNo.1o.1 fi ghts also boosted Ren TV’s NNewew target group: 12+ target group: 18–49 in Germany in Portugal brand considerably. Dancing on Ice Big Brother RTL aktuell Dresden Les grosses têtes Ice Age Entertainment formats are an important The third season was once again a huge In a survey conducted by Forsa, The two-part drama, produced by This afternoon show will soon celebrate Movies continue to provide a very part of RTL 4’s schedule. Over 1.7 success for the channel. The fi nal show RTL aktuell was declared the clear Teamworx and aired in March 2006 on its 30th anniversary. Featuring the popu- solid audience share for Antena 3 with million viewers watched Dutch of 2006 drew 72.5 per cent of favourite among young viewers, who German public broadcaster lar presenter Philippe Bouvard, Ice Age being the most popular and Belgium celebrities the target audience.