Société Générale US Roadshow

RTL Group Société Générale, USA, May 13th-15th 2015 Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 2 1 2 3 4 5 Highlights Successful start into 2015 € 1,308 million 110 % Revenue Cash conversion rate 14.8% EBITA Margin € 194 million € 106 million Reported EBITA Net profit 3 Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 4 1 2 3 4 5 Review of results 31 March 2015 Revenue & EBITA 3 months to 3 months to Per cent In € million March 2015 March 2014* change Revenue 1,308 1,313 (0.4) Underlying revenue 1,236 1,252 (1.3) Operating cost base 1,152 1,134 +1.6 Reported EBITA 194 191 +1.6 Reported EBITA margin (%) 14.8 14.5 +0.3pp Reported EBITDA 247 246 +0.4 Reported EBITDA margin (%) 18.9 18.7 +0.2pp Net (debt)/cash (452) 249 - * - restated for impact of IFRIC 21 5 Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 6 1 2 3 4 5 Mediengruppe RTL Deutschland Very strong performance in first quarter NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2015 vs. Q1 2014 (in %) REVENUE EBITA EBITDA +8.0% 31.5% ROS 32.4% MG RTL Market Deutschland 485 9.5% 449 +14.2% +13.8% 4 - 5 % 153 157 2014 2015 2015 2015 Source: RTL Group estimates MG RTL De including RTL II and Super RTL 7 1 2 3 4 5 Mediengruppe RTL Deutschland Clear market leadership maintained… FAMILY OF CHANNELS BY CHANNEL 14 – 59 (in %), in Q1 2015 14 – 59 (in %) -1.5 +/-0 -0.4 -0.6 -0.2 -0.1 Others MG RTL 12.7 9.6 21.5% 8.4 8.3 10% line 29.0% 7.8 6.6 ARD-III 7.3% RTL Sat 1 ZDF ARD Pro 7 Vox ARD 7.8% -0.1 -0.4 -0.2 +0.4 +/-0 +/-0 5.4 4.8 8.4% 26.0% 1.8 ZDF P7S1 1.4 1.1 1.0 RTL II Kabel 1 S. RTL RTL Nitro Sixx N-TV Source: AGF in cooperation with GfK X Percentage point deviation vs. Q1 2014 Note: MG RTL De including RTL II and Super RTL 8 1 2 3 4 5 Mediengruppe RTL Deutschland …especially in main ad revenue generation slots FAMILY OF CHANNELS 14 – 59 (in %), in Q1 2015 ACCESS PRIME TIME PRIME TIME (17 – 20h) 14 – 59 (in %) (20 – 23h) 14 – 59 (in %) Others MG RTL +3.7 pp +5.1 pp 21.5% 29.0% 14.0 ARD-III 12.6 7.3% 8.9 8.9 ARD 7.8% 8.4% 26.0% ZDF P7S1 RTL Sat 1 RTL Sat 1 Source: AGF in cooperation with GfK Note: MG RTL De including RTL II and Super RTL 9 1 2 3 4 5 Groupe M6 Solid performance - market showing some signs of recovery NET TV ADVERTISING KEY FINANCIALS MARKET DEVELOPMENT (in € million) Q1 2015 vs. Q1 2014 (in %) REVENUE EBITA EBITDA -11.0% 13.3% ROS 25.6% Market M6 TF1 346 3.0 3.2 308 +2.5% +16.2% 0.6 79 41 2014 2015 2015 2015 Source: RTL Group estimates Groupe M6 and TF1 as reported 10 1 2 3 4 5 FremantleMedia Solid start into 2015 KEY FINANCIALS REVENUE BRIDGE 2014 – 2015 (in € million) (in € million) REVENUE EBITA 313 (28) 29 (23) 313 2.9% ROS 1.0% 4 295 295 RadicalMedia FX German film Phasing impact “Der Medicus” & other & scope 9 3 2014 2015 2014 2015 2014 2015 11 1 2 3 4 5 Other markets Very mixed advertising market picture BELGIUM 50 NETHERLANDS 98 HUNGARY 21 . Clear market leader . Clear market leader . Improved performance . Lower EBITA in continued 11 . Lower EBITA in weak (3) but uncertainty continues 4 weak ad market ad market on punitive ad tax FRENCH RADIO 35 CROATIA 7 . #1 Radio in France . Stable revenue and . Weak revenue and (1) EBITA (1) EBITA SPAIN 232 RTL CBS . Strong rebound Asia Entertainment Network in TV ad market continues 34 . Expanded to 4 new countries in 2014, currently reaching a total of 16 markets EBITDA Revenue EBITA, in € million 12 1 2 3 4 5 Digital business Strong growth – driven by newly acquired businesses ONLINE REVENUES Quarter 1 (in € million) Ad Non-Ad +66% 88 53 2014 2015 13 Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 14 1 2 3 4 2015 5 RTL Group Outlook for 2015 No change to current guidance Total revenue and EBITA expected to be broadly stable reflecting mixed European advertising markets and consolidation effects Platform revenue is expected to grow strongly, and digital revenue will continue to grow by double-digit growth rates 15 Agenda 1 2 3 4 2015 5 Quarter 1 Group Business Outlook Strategy 2015 highlights financials segments 2015 update 16 1 2 3 4 5 Strategic focus for 2015 A leader across broadcast, content and digital BEST IN BEST IN BEST IN TV ONLINE VIDEO MONETISATION Develop Grow Capture Must-See TV, globally in all digital growth counter fragmentation video segments and new business 17 1 2 3 4 5 Best in TV Linear TV is still the dominant form of video consumption Stable TV consumption in core markets Portfolio meeting fragmenting usage TV CONSUMPTION SHARE OF In minutes per day1) NON-LINEAR New linear VIEWING2) TV channels 223 Germany 221 9% 221 Linear France 212 OTT channels 200 10% 191 NL Non-linear 7% offers 2010 2011 2012 2013 2014 1) GER: 3+ GfK; FR: 4+ Médiamétrie; NL 6+ SKO; includes live TV and DVR recorded viewing 2) RTL Group estimate based on IHS 2013 figures; non-linear viewing share of total video consumption (Traditional TV + online video) 18 1 2 3 4 5 Best in TV Growth potential in Germany as print loses share 42% TV’S AD SHARE IN MEDIA MIX 2014 41% In % of total ad spend 29% 29% Growth 27% potential 24% GER NED UK FRA ESP USA Print ad share 39% 26% 18% 20% 20% 17% Print ad share -5pp -4pp -3pp -2pp -2pp -3pp development Source: Screen Digest 2014 19 1 2 3 4 5 MCN strategy Strong presence across the whole value chain FMM Broadcasters Aggregation MCN Vertical MCN Production Brands/Talent #3 Global MCN #1 Style Network European productions #1 French Comedy channel Style and music offers launched #1 European MCN #1 pre-school kids International productions Dutch MCN with BBTV as tech provider … International content brands German comedy channel launched (on- & off-YT) A truly global network More depth in verticals More original content More value creation 20 1 2 3 4 5 Advertising sales SpotXchange adds technological capabilities to RTL Group Leading video exchange expanding in Europe Ad decisions 4.5bn processed per day +600m Unique viewers New platform reached globally1) +240 partners Signed in 2014 BeNeLux Germany Northern Ireland Joint venture Office opening, strategic Tech hub opened with RTL Nederland partnership with in Belfast Countries Netzathleten Media +190 reached 1) per month 21 1 2 3 4 5 Platform revenue Growth opportunity for RTL Group NETWORK PLATFORM REVENUE RTL GROUP PLATFORM REVENUE as % of total revenue, 2014 In € million 22% +16% HD CAGR channels 220 Thematic channels 5% 90 VOD US Broadcast RTL Group1) on managed platforms YoY +37% Growth +19% 2008 2014 1) Revenue excluding FremantleMedia 22 1 2 3 4 5 Strategic focus for 2015 A global leader across broadcast, content and digital IT’S ABOUT IT’S ABOUT IT’S ABOUT IT’S ABOUT CREATIVITY SALES DISTRIBUTION VIDEO Attracting top talent Multiscreen sales Platform revenues “Must-see content” Collaboration Balancing ad & pay VOD, MCNs & brands Global digital reach Invest in Long-term Enhance global Develop and capabilities & approach, presence and experiment profitable growth capture reach synergize 23 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 should not be used as) the sole basis of any analysis or other evaluation. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein. By accepting this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of RTL Group S.A. (the "Company”) and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company’s business. This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes,” “expects,” “predicts,” “intends,” “projects,” “plans,” “estimates,” “aims,” “foresees,” “anticipates,” “targets,” “will,” “would,” “could” and similar expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are uncertain and subject to risks and uncertainty because they relate to events and depend upon future circumstances that may or may not occur, many of which are beyond the Company’s control.

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