6 August 2021 RTL Group Interim results H1/2021 Agenda 01 02 03 04 Highlights Financials Operations Strategy & Outlook RTL Group Interim results H1/2021 2 01 Highlights 3 Highlights ꟷ Rebound of TV advertising markets ꟷ Strong financial and operating performance ꟷ Higher TV advertising market shares in FR, NL, HU, CR ꟷ Streaming: paying subscribers +72% to more than 3 million ꟷ Fremantle revenue +29% ꟷ Major consolidation moves to build national cross-media champions ꟷ Further boost of Fremantle, targeting full-year revenue of €3bn by 2025 ꟷ Full-year outlook for 2021 raised 4 02 Financials 5 Significantly higher Group revenue, Adjusted EBITA, Group profit in € million Organic +21.5% growth Margin Change +13.7% 9.7% 16.0% x6 929 3,014 2,652 +87.2% 483 258 156 H1/2020 H1/2021 H1/2020 H1/2021 H1/2020 H1/2021 Group revenue Adjusted EBITA1 Group profit Note: 1. For definition, see slide 27 RTL Group Interim results H1/2021 6 Rebound to pre-crisis level 537 538 Organic growth, in % +2.1% Group 483 54 revenue -5.0% 13.7% in € million 3,173 3,014 2,652 -2.7% 35.8% -7.5% -4.2% 1,655 1,610 1,518 1,466 1,404 1,186 Q1/2019 Q1/2020 Q1/2021 Q2/2019 Q2/2020 Q2/2021 H1/2019 H1/2020 H1/2021 Adj. EBITA Streaming Adj. EBITA Adj. EBITA H1/2021 start-up before H1/2019 TV advertising revenue losses streaming H1/2021 vs. 2019 -15% +1% -7% vs. 2020 -9% +65% +21% Revenue growth in H1/2021 driven by significant Adjusted EBITA before streaming start-up momentum in Q2/2021 losses back at pre-crisis level RTL Group Interim results H1/2021 7 Record Group profit Per cent in € million H1/2021 H1/2020 change Adjusted EBITA 483 258 +87% Significant special items (12) (17) EBITA 471 241 +95% Re-measurement of earn-out arrangements and gain/(loss) from sale of subsidiaries, 766 88 other investments and re-measurement to fair value of pre-existing interest in acquiree Impairment of goodwill of subsidiaries, investments accounted for using the equity method, (7) (69) amortisation and impairment of fair value adjustments on acquisitions of subsidiaries Fair value measurement of investments (28) - Net financial income/(expense) 5 (19) Income tax expense (278) (85) Group profit 929 156 +>100% Group profit attributable to RTL Group shareholders 863 94 +>100% RTL Group Interim results H1/2021 8 Continued high Operating free cash flow in € million H1/2021 H1/2020 Net cash from operating activities 214 336 Add: Income tax paid 238 159 Less: Acquisition of assets, net (97) (100) Add: Transaction-related costs 31 - Equals: Operating free cash flow (FCF) 386 395 Acquisition/disposal of subsidiaries, net of cash acquired/disposed 370 27 Acquisition and disposal of other investments and financial assets, proceeds from the sale of investments accounted for using the equity method (8) (7) Net interest paid and other financial effects (19) (19) Transactions with non-controlling interests (32) (7) Income tax paid (238) (159) Dividends paid (568) (4) Cash generated (cash used) (109) 226 EBITA 471 241 Operating cash conversion rate (FCF/EBITA) 82% 164% RTL Group Interim results H1/2021 9 04 Operations 10 RTL Deutschland: Dynamic growth of TV Now Key financials Family of channels Highlights in € million Audience shares 14 to 59, H1/2021 Revenue Adjusted EBITA 20% 26.5% Margin 2.029 million paying subscribers on 30.06.2021 – +119% yoy Viewing time +51% vs. H1/2020 9.4% Others 23.9% 6.5% In three months among the Top 3 1,022 commercial channels in the target 904 10.6% Market group 14-49, ahead of Sat1 ARD-III 7.7% Leader Das Erste Full acquisition of Super RTL closed 9.4% 174 201 22.5% on 1 July 2021 ZDF P7S1 10.0% H1/2020 H1/2021 RTL Group Interim results H1/2021 11 Groupe M6: Adjusted EBITA up 78 per cent Key financials Family of channels Highlights in € million Audience shares Women < 50 responsible Revenue for purchases, H1/2021 Adjusted EBITA 23% 23.1% Margin High audience shares for main channel M6 15.1% Others 30.5% 8.0% Active users +16% in H1/2021 – service to be strengthened with more original content, themed channels and live 645 Strong #2 557 sports France 3 3.5% New agreement with Spotify: all 151 9.4% 33.5% Groupe TF1 85 podcasts from RTL, RTL 2, Fun Radio France 2 available on Spotify H1/2020 H1/2021 RTL Group Interim results H1/2021 12 RTL Nederland: Profit margin of 21 per cent Key financials Family of channels Highlights in € million Audience shares Adults 25 to 54, prime time, Revenue H1/2021 Adjusted EBITA 21% 33.1% Margin 1.016 million paying subscribers on 30.06.2021 – +21% yoy Others Viewing time +12% vs. H1/2020 16.4% New cooperation with T-Mobile 20.6% Market Leader 12.5% 253 Pubcaster 30.8% RTL 4: strong audience growth thanks 207 to formats such as De Verraders, Talpa TV 54 Lego Masters, Make Up Your Mind 2 19.7% H1/2020 H1/2021 RTL Group Interim results H1/2021 13 Fremantle: Creative successes boost revenue and Adjusted EBITA Key financials Highlights in € million Revenue Adjusted EBITA 7% Margin 909 707 Scripted Non-scripted Factual Shows & The Mosquito Coast, Exit, The Masked Singer, The Investigation American Idol, America‘s Got Talent, Documentaries Too Hot to Handle Arctic Drift, Day Zero, Veleno: The Town of Lost Children, 23 61 Angela Merkel – Frau Bundeskanzlerin H1/2020 H1/2021 RTL Group Interim results H1/2021 14 04 Strategy & Outlook 15 Strategy framework unchanged Core Growth Alliances & Partnerships Portfolio transformation Creativity & Communications People Entrepreneurship & Marketing Regulation Enabler RTL Group Interim results H1/2021 16 RTL – Europe‘s leading entertainment brand ꟷ Newly developed purpose, promise and brand principles ꟷ Multicoloured logo reflects the diversity of RTL‘s content and people ꟷ Roll-out starts with RTL Group and RTL Deutschland, followed by other RTL-branded units ꟷ TV Now to be rebranded to RTL+ in autumn 2021 RTL stands for positive entertainment, independent journalism, inspiration, energy and attitude. 17 Strategy update – Core Scale broadcasting businesses Value creation potential ꟷ Rationale: National media groups with scale and resources to compete with global tech platforms ~ €250-350m run-rate synergies ꟷ Content: Enhanced capabilities to invest in within 3 years after closing premium local content ~ €100-120m run-rate synergies ꟷ Tech & Data: Develop cutting-edge technology to be fully realised in 2025 in streaming and in addressable TV advertising €250m preliminary total cash proceeds – expected to close in Q4/2021 RTL Group Interim results H1/2021 18 Strategy update – Core Create German cross-media champion Transaction terms acquisition ꟷ Rationale: Cross-media champion with the scale, €230m price resources and creative power to compete with global tech platforms in Germany run-rate synergies ~ €100m to be fully realised in 2025 ꟷ Growth opportunities: Further boost of RTL+, the pro-forma leading German streaming service; partner of ~ €2.63bn revenue 2020 choice for Germany’s creative talent €496m pro-forma ꟷ Journalistic powerhouse: Joint editorial team Adjusted EBITA 2020 with more than 1,500 journalists RTL Group Interim results H1/2021 19 Consolidation moves in 2021 to unlock significant shareholder value Long-term Adjusted EBITA impact from synergies per year pro-forma 100% basis, in € million 510 €2.0bn to ~100 mid-point RTL Group shareholder €2.2bn value from synergies2 100-120 × RTL Group’s synergy shares in ÷ merged entities 250-350 155m RTL Group # outstanding shares 251 100 77 741 €13 to €15 Synergy value Groupe TF1 RTL NL RTL D Total RTL Group’s per share Groupe M6 Talpa G+J synergy share Note: 1. Thereof €49m per year as minority shareholder and the equivalent of €25m via the initial sale to Bouygues 2. NPV of post-tax RTL Group cashflows, range spans due to blended WACC of 8% to 7%, a ramp-up to full synergy achievement by 2025, 0% TGR RTL Group Interim results H1/2021 20 Strategy update – Growth Build national streaming champions Targets 20252 unchanged 1 +72% Paying subscribers 5m to 7m paying subscribers in million 3.04 1.02 1.77 0.90 > €500m streaming revenue Videoland 0.84 0.65 2.03 1.29 TV Now 0.780.93 ~ €350m content spend p.a. H1/2020 H1/2021 Key figures2 in € million break-even Adjusted EBITA Streaming revenue3 80 107 Content spend 48 85 Streaming start-up losses4 -9 -54 Notes: 1. As part of the new RTL branding, TV Now will rebrand to RTL+ in autumn 2021, 2. Refers to TV Now and Videoland combined, 3. Streaming revenue includes SVOD, TVOD and in-stream revenue from TV Now and Videoland/RTL XL, 4. Total of Adjusted EBITA from TV Now, Videoland/RTL XL, Salto and Bedrock as consolidated on RTL Group level. The Adjusted EBITA of TV Now and Videoland/RTL XL includes synergies with TV channels on business unit level RTL Group Interim results H1/2021 21 Strategy update – Growth Expand global content business New target 2025 ꟷ High-end factual: Grow high-end factual Total revenue Fremantle talent pool and production capabilities with in € million newly established global factual division ~3.0bn ~ x2 ꟷ Scale: Leverage global footprint and become preferred partner for global streamers ꟷ Acquisitions: Pursue targeted investments in 1.5bn production companies, talent and content 1 The three companies combined generate full-year revenue of around €0.3bn 2020 2025 Note: 1.