Results 2006
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The leading European entertainment network Agenda ● HY 2011 RESULTS ○ Business Review ○ Strategy update RTL Group Half year highlights 2011 EBITA MARGIN REPORTED EBITA 20.2% REVENUE continuing operations EUR 2.75 billion EUR 557 million CASH CONVERSION 96% NET CASH POSITION Portfolio strengthened: Strong audience shares EUR 973 million acquisition of minorities; in major markets creation of new family of GERMANY, FRANCE, NET RESULT channels; step into Asia NETHERLANDS EUR 324 million > Improved profitability against difficult comparatives 2 Agenda ○ HY 2011 results ● BUSINESS REVIEW ○ Strategy update Germany & France Results 2011 NET ADVERTISING MARKET DEVELOPMENT (in %) NET ADVERTISING MARKET DEVELOPMENT (in %) HY 2011 vs 2010 HY 2011 vs 2010 Market RTL P7S1 Market M6 TF1 0,4 5,3 0,2 2,5 -0,9 -0,4 AUDIENCE SHARE 14-49 (in %) AUDIENCE SHARE – FAMILY OF CHANNELS HOUSEWIVES <50 ALL DAY (in %) +0.6pp +0.9 -0.1 -1.7 35,0 35,3 34,4 33,6 33,2 32,9 32,9 33,1 32,2 31,8 6.7pp 30,1 21,3 29,7 18,3 29,0 29,3 29,0 30,3 29,4 29,4 28,6 -1.2pp 2003 2004 2005 2006 2007 2008 2009 2010 2011 Groupe M6 TF1 Group France Television Source: RTL Group estimates, Nielsen, delta versus YTD September 2010 Source: RTL Group estimates, Médiamétrie, delta versus YTD September 2010 Groupe M6 : M6 and W9: TF1 Group : TF1, TMC and NT1: France TV : Fr2-4 4 FremantleMedia Half year Results 2011 KEY FACTS 2011 KEY FINANCIALS (in EUR million) ● Continues to produce the highest rated 621 entertainment shows around the world 596 o In the US, season ten of American Idol was once again the most watched prime time entertainment series o ROS ROS In the UK, series five of Britain’s Got Talent was the 11.6% 15.1% highest rated entertainment show so far this year o In Germany season eight of the local version of Idols was yet again a ratings success o In Australia the third series of Masterchef is the number one show to date on Network TEN 90 ● Growth in revenue driven by new acquisitions 72 with EBITA margin suffering due to continued pressure on margins and difficult comparatives HY 2011 HY 2010 Revenue EBITA 5 FremantleMedia is known for… 6 …but FremantleMedia also has a global expertise in other parts of the value chain Drama Sponsors Live Event Online Social hip Networks Licensing 7 FremantleMedia’s evolution TV Production and 21st Century Rights Company Entertainment Company Distribution TV Production Kids Distribution Branded Ent. Home Licensing Licensing Video Gaming idea Home Live Video Events Digital Retail TBA 8 Netherlands & Belgium Results 2011 NET TV ADVERTISING MARKET DEVELOPMENT (in %) NET TV ADVERTISING MARKET DEVELOPMENT (in %) HY 2011 vs 2010 HY 2011 vs 2010 Market RTL SBS Market RTL RTBF 21,6 5,6 4,3 8,1 6,5 -0,4 Source : RTL Group estimates TV AUDIENCE SHARE – FAMILY OF CHANNELS TV AUDIENCE SHARE – FAMILY OF CHANNELS +2.9 -1.2 -3.9 -1.2 -1.8 +0.4 +0.3 34,5 37,3 25,6 27,1 23,1 373 318 16,8 158 5,6 20 RTL SBS Ned 1-3 RTL Belgium Pubcaster AB Group French Channels Source : RTL Group estimates, 20-49, PRIMETIME (in % ) : delta versus YTD September 2010 Source : RTL Group estimates, shoppers 18-54, PRIMETIME (in % ) : delta versus YTD September 2010 9 Agenda ○ Q1 2011 results ○ Business Review ● STRATEGY UPDATE RTL Group excercises put option which leads to unwind of all Dutch radio assets from RTL Nederland Situation after RTL Group excercises Sanoma and Talpa acquire SBS Broadcasting put option with Talpa Sanoma Talpa RTL Group Sanoma Talpa RTL Group 67% 33% 26% 74% 67% 33% 100% 100% SBS NL RTL NL RTL NL+ Holding SBS NL Radio Group Digital 100% 100% • RTL Group becomes 100 per cent RTL NL+ RTL Radio shareholder of RTL NL’s TV and Digital Digital Group assets • Talpa becomes 100% shareholder of all radio assets 11 Acquisition of Cable Channels in Hungary Strategic Rational THREE PART ACTION PLAN 1 Actions Cleans up shareholding • Currently IKO Telkom holds 31%, RTL 69% Acquire • Media law changes enables gain of full control 31% 2 Allows implementation of multichannel strategy Create • RTL Klub needs family of channels in highly family of fragmented and fragmenting market channels 3 2nd revenue stream from cable operators Aim : • RTL bouquet becomes even more attractive to distribution competing digital platforms (cable, DTH, Sat, IPTV) fee 12 Acquisition of Cable Channels in Hungary Fragmentation in the Hungarian TV market TG 18-49, all day, in %, Q1 22,4 2 main commercial channels RTL = 40% of all day audience share Klub TV2 17,7 4 mid-sized channels M1 Viasat3 Film+ Cool = 17% of all day audience share (PSB) 80+ small channels Discov- 4,7 Disney Turner UPC Viasat … 4,6 = each less then 2.5% audience ery 4,1 share 3,4 2,1 1,8 1,7 1,6 1,3 1,1 1,1 1,0 0,9 0,9 0,9 0,9 0,9 0,8 0,7 0,7 0,7 0,6 0,5 0,5 0,5 0,5 0,5 0,4 0,4 0,4 0,4 0,4 0,4 0,4 0,4 0,3 0,3 0,3 0,3 0,3 0,3 0,3 0,30,3 F+ Hír M1 M2 TV2 ATV AXN Cool HBO VIVA Zone… Duna Fem3 Story4 Disney Prizma Duna II… Duna Sport1 Sport2 Viasat6 Viasat 3 Nóta TV Nóta Minimax Sorozat+ DigiSport Universal RTL Klub RTL Movies24 Spektrum Discovery Nat. Geo. Nat. Sport Klub Sport Com.Cent. TV Paprika Disc.Travel Eurosport2 Boomerang Muzsika TV Muzsika Disc.Invest. Nickelodeon Life Network Life Filmmúzeum Cartoon Net. Disc. Science Disc. Animal Planet Nat Geo Wild Nat Geo Hungarian TV market highly fragmented 13 Acquisition of Cable Channels in Hungary Development of Advertising Spend in the UK and Hungary UK ADVERTISING SPEND 2001 -2010 HUNGARY ADVERTISING SPEND 2009-2018 (E) TERRESTRIAL VS. MULTI-CHANNEL TERRESTRIAL VS. MULTI-CHANNEL EUR 152m EUR -38m 84,2% 81.1%79,4% 76,4% 83,5% 73,0% 81.1% 69,8% 78,4% 66,8% EUR 114m 76,9% 75,0% 64,0% 70,4% 62,0%60.9% 67,2% 64,6% 61,6%60.9% 38,4%39.1% 38,0%39.1% 35,4% 36,0% 32,8% 33,2% 29,6% 30,2% 25,0% 27,0% 23,1% 23,6% 18.9%21,6% 20,6% 16,5% 15,8% 18.9% 8 years 8 years 01 02 03 04 05 06 07 08 09 10 09 10 11 12 13 14 15 16 17 18 Multi-Channel Terrestrial Multi-channel Terrestrial Hungarian market shows similar development to the UK 14 Hungary: Acquisition of 7 Cable Channels & 31 per cent stake in M-RTL Description #1 PAY-TV CHANNEL PROVIDER IN HUNGARY . Cool TV: #3 cable channel; young- Reflektor: celebrity Sorozat: series channel, skewing general entertainment, channel, launched in launched in 2008 launched in 2004 2008 Prizma: entertainment Film+: #1 movie channel and #2 Film+2: sister channel channel, launched 2008 overall cable channel, launched in to Film+, launched in Muzsika: music channel, 2004 2008 launched in 2009 Combined audience share of 10.1% (+2.0 pp yoy) Significant growth potential through smaller channels Highly profitable operation Possibility to generate subscription fees for RTL Klub High level of synergies between main channel and cable channels 15 Croatia: Buy-out of Remaining Minority Shareholder 2003 2010 2011 After change in media law, In 2011, RTL Group acquires RTL Group establishes RTLH RTL Group bought out remaining 26%-stake from RTLwith Group local establishespartners severalRTL shareholders Group buy upour until Agrokor and Atlantic RTLH with local partners Prodrvaka2010 Pinta RTL RTL Group 25% Splitska Group Agrokor 8% 13% RTL Group 33% 8% 74% Prodrvaka 13% 100% 13% Atlantic 13% Agrokor Atlantic Timing for buy-out good as… (1) Croatian Competition Authority put pressure on Agrokor (2) Price negotiated reasonable 16 Future Opportunities EXPAND FOOTPRINT IN ASIA 17 The leading European entertainment network .