Interim Results 2008

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● Introduction

○ Business Review

○ Financial Review

○ Outlook RTL Group Interim Highlights 2008

-0.9% -2.5% Revenue Reported EBITA EBITA margin EUR 2.9 billion EUR 502 million 17.5%

.6% Strong cash Revenue up +1 Excellent results from RTL Deutschland conversion: 95% on constant and Net Cash Position: exchange rate basis FremantleMedia EUR 588 million

► RTL Group reports another set of solid results Agenda

○ Introduction

● Business Review

○ Financial Review

○ Outlook Profit Centre Mediengruppe RTL Deutschland – Interim Results 2008

Audience share (14-49) in % Key financials (in EUR million)

33.2 33.6 32.9 32.2 32.7 32.1 RTL ROS ROS 31.8 1,021 981 31.4 21.4% 30.6 17.2% 30.4 30.3 30.3 29.4 P7S1 29.3 29.0 29.0 +29.0% 29.4 28.9 218 169

2000 2001 2002 2003 2004 2005 2006 2007 HY HY 2008 HY 2007 2008 Revenue EBITA

Audience share (14-49) in % Share of net advertising market (%)

-0.6 +0.2 -0.1 +0.1 -0.4 -0.4 45.8 45.0 45.2 44.6 44.4 43.8 43.7 RTL 15.6 43.7 44.4 43.3 11.8 42.9 43.7 10.7 43.6 43.4 43.1 40.8 40.7 P7S1 39.6 7.3 6.3 5.2 2000 2001 2002 2003 2004 2005 2006 2007 HY 2008 RTL Sat.1 Pro7 RTL II Vox Kabel1

Source: GfK, ZAW and RTL Group estimates Profit Centre M6 – Interim Results 2008

Audience share (housewives < 50) in % Key financials (in EUR million)

-0.9 -4.3 -1.1 -0.9 +8.0 ROS 709 15.1% 709 ROS 31.0 21.3% 23.9 17.7 -29.1% 13.2 7.9 107 151

M6 TF1 France 2 France 3 Others HY 2008 HY 2007 Revenue EBITA

W9 (housewives < 50, May-June, in %) Advertising market (%)

Net ad development HY 2008 vs. HY 2007 2.7 2.2 1.4 1.3 1.2 1.2 0.8 0.6 TF1 Market M6 9 2 7 4 T1 W e J1 1 TMC Gulli N in nc g ra NR r F Vi -3.6 -7.0

Source: Médiamétrie, RTL Group estimates Profit Centre FremantleMedia – Interim Results 2008

Key facts 2008 Key financials (in EUR million)

610 Currency effects (strong EUR) have 603 567 negative impact on revenue and EBITA of EUR 43 million and EUR 7 million respectively

Operational performs remains strong in ROS three main markets of USA, UK and 17.1% ROS Germany 15.1% Existing formats such as Idols and Got Talent continue to perform well. The +6.6% game show “Hole in the Wall” has 104 become FremantleMedia’s fastest ever 97 international roll-out having been sold to 91 22 countries already

HY 2008 HY 2007

Revenue EBITA At constant FX Profit Centre Five – Interim Results 2008

R epo Share of adult viewing (all day) in % Key financials (in EUR million) rted

-0.8 -1.0 -0.6 -1.1 +0.1 +3.4 242 212 34.8

22.6 19.7 ROS ROS 0.0% 2.1% 6.4 8.1 8.4 5.3 0 5

HY 2008 HY 2007 BBC1BBC2ITV1Ch 4FiveOthers family Revenue EBITA Un der lyin Net advertising market (%) Key financials (in EUR million) g * Net ad development Net ad share HY 2008 vs. HY 2007 ROS ROS 2434.5% 242 6.7% 9.0 8.9

11 15 Market Five1)

HY 2007 HY 2008 HY 2008 HY 2007 -1.0 -1.9 1) Five Revenue EBITA

1) Five family spot advertising revenue * Underlying results adjusted for start up losses, Source: BARB, ITC restructuring costs and at constant foreign exchange rates Profit Centre Netherlands – Interim Results 2008

Audience share (shp 20-49, primetime) in% Key financials (in EUR million) Families of channels:

+1.1 0.0 +6.2 212 30.5 30.8 ROS 189 25.7 ROS 16.0% 17.5% +3.0% 34 33

HY 2008 HY 2007 RTL SBS Ned 1-3 Revenue EBITA

Share of net advertising market (%)1) Radio 538 – audience share (20-49) and financials

31 5.0 5.1 5.8 +0.5 +0.1 +2.6 -0.8 ROS 39.9 38.6 41.9% 19.9 26.8 17.3 13 12.9 Market 11.8 10.3 +4.1%

RTL 29.5 29.4 SBS Radio 538 Radio 3FM Q-Music Sky Radio STER HY 2008 Talpa HY 2007 HY 2008 Revenue EBITA Others

1) Source : RTL Group estimates Profit Centre Belgium – Interim Results 2008

Audience share (shp 18-54, primetime) in %1) Key financials (in EUR million)

+0.1 +1.6 0.0 -0.1 35.4 108 ROS 107 ROS 28.3 18.6 16.7% 30.8% -45.5% 33 4.8 18 23 RTL Belgium Pubcaster AB Group French HY 2008 HY 2007 Channels Revenue EBITA Underlying EBITA

Net ad development (%) Key facts 2008 HY 2008 vs. HY 2007 Increased audience share despite impact of Euro 2008 championship EBITA down year on year mainly 2.4 because of EUR 10 million profit on disposal recorded in 2007 -0.4 -0.5

Market RTL TVi RTBF

Source: Audimetrie 1) CIM MDB South, TVi estimates Profit Centre Radio France – Interim Results 2008

ket Mar !! ship Audience share April – June 2008 (13+, 5-24h, Mon - Fri) in % der Lea 20.5+0.1p 16.1-0.4p 13.4 -1.3 17.8 +0.6p 0.0 -0.2 +0.3 0.0 +0.1 -0.7 +0.2 -0.5 -0.2 -0.6 +0.5 +0.5 -0.4 +0.5 -0.1 -0.2 +0.1 13.3 10.1 7.4 8.7 6.6 5.2 5.6 5.4 4.0 3.5 4.2 3.2 2.6 1.7 3.0 3.0 0.9

RTL Fun RTL2 NRJ NostalgieChérie Rire & Eur. 1 Virgin RFM France France France RMC Skyrock MFM Indep. Radio FM Chansons Inter Bleu Info Info RTL Group stations NRJ Group Lagardère Pubcaster Other x Deviation vs. Apr – June 2007

Key facts 2008 Key financials (in EUR million)

RTL family maintains and increases ROS ROS 15.8% audience market leadership – best result 18.1% since 2001 94 95 Advertising market share improved to +13.3% 29.0 per cent, out-performing in a market 17 15 estimated to be down 4% HY 2008 HY 2007 Reported EBITA up 13% at EUR 17 million Revenue EBITA Profit Centre RTL Televizija – Interim Results 2008

Audience share (18-49, all day) in % Key financials (in EUR million)

-0.8 +4.7 -3.4 -1.9 24 21 27.0 23.0 23.5 15.6

-1 RTL Televizija Nova HTV1 HTV2 -2 HY 2008 HY 2007

Revenue EBITA

Net ad development (%) Share of net advertising market (%)1) HY 2008 vs. HY 2007 20.0 39.9 25.4 40.2 37.5 Market 8.3 9.0 -7.0 +8.3% 40.1 34.4 RTL HTV Market RTL HTV Nova Nova HY 2007 HY 2008

1) Source : RTL Group estimates Profit Centre Antena 3 – Interim Results 2008

10 0% v Audience share (individuals) in % Key financials (in EUR million) iew

-1.8 -1.3 -0.8 +1.5 +1.7 ROS ROS 31.0% 539 477 34.1% 16.1 19.1 16.6 9.3 -19.6% 5.1 148 184

Antena 3 Telecinco TVE1 Cuatro La Sexta HY 2008 HY 2007 Revenue EBITDA G ro up c Net ad development (%) Key financials (in EUR million) on tri bu tio HY 2008 vs. HY 2007 n

23 16 -30.4% -2.5 -4.1

-10.5 HY 2008 HY 2007 -13.8 Market Antena 3 T5 TVE

Source: Internal estimates Profit Centre RTL Klub and REN TV – Interim Results 2008

RTL Klub (Hungary) Ren TV (Russia)

Audience share (18-49, primetime) in % Audience share (18-54, all day) in %

-1.4 -2.1 +0.9 +0.8 -0.1 -0.5 -0.8 +1.0 0.0 19.3 33.0 15.8 24.2 13.6 8.9 8.4 8.1 5.2

RTL Klub TV2 M1 Ch1 Russia STS NTV TNT REN TV

Key financials (in HUF million) Key financials (in EUR million) 1 1 0 00 0% 63 % v 60 vi iew ew ROS 17,310 ROS 22.2% 15,246 ROS ROS 19.5% 5% 10.0% +29.3% 3,836 2,966 3 6

HY 2008 HY 2007 HY 2008 HY 2007 Revenue EBITA Revenue EBITA Agenda

○ Introduction

○ Business Review

● Financial Review

○ Outlook Review of results 30 June 2008 (1/2)

In EUR million Half Year to Half Year to Per cent June 2008 June 2007 change

Revenue 2,864 2,891 -0.9

Reported EBITA 502 515 -2.5

Restructuring charges and (3) 6 similar

Start-up losses (11) (14)

Adjusted EBITA 516 523 -1.3

Reported EBITA margin (%) 17.5 17.8 -0.3pp

Adjusted EBITA margin (%) 18.1 18.1 - Review of results 30 June 2008 (2/2)

In EUR million Half Year to Half Year to Per cent June 2008 June 2007 change

Reported EBITA 502 515 -2.5

Impairment of goodwill and amortisation (19) (129) of fair values

Gain/Loss from sale of subsidiaries, joint 7 96 ventures and other investments

Net financial income 25 17

Income tax expense (124) (141)

Profit for the period 391 358 +9.2

Attributable to:

Minority Interest 53 68

Profit for the year attributable to 338 290 +16.6 RTL Group shareholders

Adjusted EPS 2.18 1.93 +13.0 Cash flow statement as of 30 June 2008

In EUR million Half Year to Half Year to June 2008 June 2007

Net cash flow from operating activities 489 432

Add: Income tax paid 57 118

Less: Acquisition of assets, net (68) (57)

Equals: Reported free cash flow (FCF) 478 493

Acquisition of subsidiaries and JVs, net of cash acquired (22) (13)

Disposal of subsidiaries and JVs, net of cash - 1

Other financial assets (deposit excluded), net (35) 247

Net interest received 24 10

Income tax paid (57) (118)

Dividends paid (842) (528)

Cash generated (454) 92

Reported EBITA 502 515

EBITA conversion (FCF/EBITA) 95% 96% Agenda

○ Highlights

○ Business Review

○ Financial Review

○ Outlook Outlook

► Visibility on Advertising Markets still low ► Cautious outlook given wider economic developments ► Confident to achieve profit targets for the full year

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