Interim

results 200826 August 2008

Gerhard Zeiler &

Elmar Heggen

Agenda

● Introduction

○ Business Review

○ Financial Review

○ Outlook

RTL Group Interim Highlights 2008

RevenueEUR 2.9 billion

-0.9%

Reported EBITAEUR 502 million

-2.5%

EBITA margin17.5%

Revenue upon constant

exchange rate basis

Excellent results fromRTL Deutschland

and FremantleMedia

Strong cashconversion: 95%

Net Cash Position:EUR 588 million

► RTL Group reports another set of solid results

+1.6%

Agenda

○ Introduction

● Business Review

○ Financial Review

○ Outlook

Key financials (in EUR million)

Audience share (14-49) in %

Source: GfK, ZAW and RTL Group estimates

+29.0%

Profit Centre Mediengruppe RTL Deutschland –Interim Results 2008

15.6

10.7 11.8

30.4

31.832.7

32.131.4

28.9

30.6

30.3

33.6

32.232.9

33.2

29.330.3

29.429.0 29.4 29.0

2000 2001 2002 2003 2004 2005 2006 2007 HY2008

6.3 7.35.2

HY 2008 HY 2007

Audience share (14-49) in %

ROS21.4%

ROS17.2%

RTL

P7S1

RTL Pro7Sat.1 VoxRTL II Kabel1

40.7

42.9

45.2

43.3

45.8

44.443.7

39.6

40.8

43.743.8

43.6

44.645.0

43.143.443.744.4

2000 2001 2002 2003 2004 2005 2006 2007 HY2008

RTL

P7S1

1,021 981

218 169

Share of net advertising market (%)

Revenue EBITA

-0.4+0.1-0.6 +0.2 -0.1 -0.4

Key financials (in EUR million)

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

Source: Médiamétrie, RTL Group estimates

Profit Centre M6 – Interim Results 2008

17.731.0

13.2 7.923.9

M6 TF1 France 2 France 3 Others

Audience share (housewives < 50) in %

Net ad developmentHY 2008 vs. HY 2007

0.6

-3.6 -7.0

HY 2008 HY 2007

-29.1%

Advertising market (%)

ROS21.3%

ROS15.1%

Revenue EBITA

709 709

107 151

-4.3-0.9 -1.1 -0.9 +8.0

2.7 2.21.4 1.3 1.2 1.2 0.8

W9

TMC

Gulli

France

4

NT1NRJ1

2Virg

in 17

M6

TF1 Market

Profit Centre FremantleMedia – Interim Results 2008

Key facts 2008 Key financials (in EUR million)

603567

HY 2008 HY 2007

9197

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

Operational performs remains strong in three main markets of USA, UK and Germany

Existing formats such as Idols and Got Talent continue to perform well. The game show “Hole in the Wall” has become FremantleMedia’s fastest ever international roll-out having been sold to 22 countries already

+6.6%

ROS17.1% ROS

15.1%

Revenue EBITA

610

At constant FX

104

-1.9-1.0

Net advertising market (%)

9.0 8.9

HY 2007 HY 2008

Five

1) Five family spot advertising revenue Source: BARB, ITC

Profit Centre Five – Interim Results 2008

Net ad shareNet ad developmentHY 2008 vs. HY 2007

1)

Share of adult viewing (all day) in %

Market

19.7

8.45.38.1

22.6

34.8

BBC1 BBC2 ITV1 Ch 4 Fivefamily

Others

-0.8 -0.6 +0.1 +3.4-1.1-1.0 212242

0 5

Key financials (in EUR million)

Key financials (in EUR million)

Revenue EBITA

HY 2007HY 2008

243 242

11 15

ROS2.1%

ROS6.7%

ROS4.5%

Underlying *

HY 2007HY 2008

Revenue EBITA

Reported

ROS0.0%

Five

6.4

1)

* Underlying results adjusted for start up losses, restructuring costs and at constant foreign exchange rates

Key financials (in EUR million)

Share of net advertising market (%)1)

1) Source : RTL Group estimates

Profit Centre Netherlands – Interim Results 2008

10.311.812.917.3

Radio 538 Radio 3FM Q-Music Sky Radio

212

34

HY 2008

189

33

HY 2007

+3.0%

Radio 538 – audience share (20-49) and financials

Audience share (shp 20-49, primetime) in%

ROS17.5%

ROS16.0%

Revenue EBITA

30.825.7

30.5

RTL SBS Ned 1-3

Families of channels:

+1.1 +6.20.0

29.4

5.05.8

19.939.9

STERHY 2007 HY 2008

RTLSBS

Talpa

Market+4.1%

Others

5.138.6

29.5

26.8

+0.5 +0.1 +2.6 -0.8

31

13

HY 2008

Revenue EBITA

ROS41.9%

108

18

107

33

Key financials (in EUR million)

Net ad development (%)

Source: Audimetrie1) CIM MDB South, TVi estimates

Profit Centre Belgium – Interim Results 2008

HY 2008 HY 2007

Audience share (shp 18-54, primetime) in %1)

Key facts 2008

ROS30.8%

ROS16.7%

Revenue EBITA

Increased audience share despite impact of Euro 2008 championship

EBITA down year on year mainly because of EUR 10 million profit on disposal recorded in 2007

35.4

18.6

4.8

28.3

RTL Belgium Pubcaster AB Group FrenchChannels

+0.1 0.0+1.6 -0.1

-0.4 -0.5

2.4

Market RTL TVi RTBF

HY 2008 vs. HY 2007

23

Underlying EBITA

-45.5%

94

17

95

15

Profit Centre Radio France – Interim Results 2008

Key facts 2008

HY 2008 HY 2007

Key financials (in EUR million)

x Deviation vs. Apr – June 2007

ROS15.8%

ROS18.1%

RTL family maintains and increases audience market leadership – best result since 2001

Advertising market share improved to 29.0 per cent, out-performing in a market estimated to be down 4%

Reported EBITA up 13% at EUR 17 million Revenue EBITA

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

+0.1p -0.4p -1.3 +0.6p20.5 16.1 13.4 17.8

Audience share April – June 2008 (13+, 5-24h, Mon - Fri) in %

3.24.0

13.3

2.65.26.6

1.7 3.0

7.4

3.0 3.55.68.7

10.1

0.94.25.4

RTL Fun Radio

RTL2 NRJ NostalgieChérieFM

Rire &Chansons

Eur. 1 Virgin RFM FranceInter

FranceBleu

FranceInfo

RMC Info

Skyrock MFM Indep.

RTL Group stations NRJ Group Lagardère Pubcaster Other

Market

Leadership!!

+13.3%

Profit Centre RTL Televizija – Interim Results 2008

8.3 9.0

37.5

-7.0

Market RTL HTV Nova

2421

-1 -2HY 2008 HY 2007

Revenue EBITA

27.0 23.0 23.515.6

RTL Televizija Nova HTV1 HTV2

Net ad development (%)

Key financials (in EUR million)

Share of net advertising market (%)1)

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

HY 2008 vs. HY 2007

-0.8 -3.4+4.7 -1.9

40.2

34.4

25.439.9

40.1

20.0

HY 2007 HY 2008

Market+8.3%

HTVNova

RTL

1) Source : RTL Group estimates

Net ad development (%)

Profit Centre Antena 3 – Interim Results 2008

16.1 19.19.3 5.1

16.6

Antena 3 Telecinco TVE1 Cuatro La Sexta

Source: Internal estimates

HY 2008 vs. HY 2007

HY 2008 HY 2007

-19.6%

Key financials (in EUR million)

Key financials (in EUR million)Audience share (individuals) in %

ROS31.0%

ROS34.1%

Revenue EBITDA

100% view

148

477

-1.8 -0.8-1.3

-13.8

-2.5

-10.5

-4.1

Market Antena 3 T5 TVE

Group contribution

2316

HY 2008 HY 2007

-30.4%

+1.5 +1.7539

184

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

Key financials (in HUF million)

Profit Centre RTL Klub and REN TV –Interim Results 2008

19.315.8

8.913.6

8.45.2

Ch1 Russia STS NTV TNT REN TV

Key financials (in EUR million)

Audience share (18-49, primetime) in %

100% view

33.024.2

8.1

RTL Klub TV2 M1

-1.4 +0.9-2.1

17,310 15,246

3,836 2,966

ROS19.5%

ROS22.2%

HY 2007HY 2008

Revenue EBITA

+29.3%

RTL Klub (Hungary)

100% view

Ren TV (Russia)

63 60

3 6

HY 2008 HY 2007

+0.8 -0.1 -0.5 -0.8 +1.0 0.0

Revenue EBITA

ROS5%

ROS10.0%

Agenda

○ Introduction

○ Business Review

● Financial Review

○ Outlook

Review of results 30 June 2008 (1/2)

-18.118.1Adjusted EBITA margin (%)

-0.3pp17.817.5Reported EBITA margin (%)

-1.3523516Adjusted EBITA

(14)(11)Start-up losses

6(3)Restructuring charges and similar

-2.5515502Reported EBITA

-0.9

Per cent change

2,891

Half Year to June 2007

Revenue

In EUR million

Half Year to June 2008

2,864

Review of results 30 June 2008 (2/2)

In EUR million

Attributable to:

+9.2358391Profit for the period

1.93

290

68

(141)

17

96

(129)

515

Half Year to June 2007

(124)Income tax expense

+13.0

+16.6

-2.5

Per cent change

53Minority Interest

2.18Adjusted EPS

338Profit for the year attributable toRTL Group shareholders

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

25Net financial income

Half Year to June 2008

502Reported EBITA

(19)Impairment of goodwill and amortisation of fair values

Cash flow statement as of 30 June 2008

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

1-Disposal of subsidiaries and JVs, net of cash

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

1024Net interest received

(118)(57)Income tax paid

(528)(842)Dividends paid

92(454)Cash generated

515502Reported EBITA

96%95%EBITA conversion (FCF/EBITA)

493478Equals: Reported free cash flow (FCF)

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

11857Add: Income tax paid

432489Net cash flow from operating activities

Half Year to June 2007

Half Year to June 2008

In EUR million

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

Interim

results 200826 August 2008

Gerhard Zeiler &

Elmar Heggen