The leading European entertainment network

● HY 2011 RESULTS

○ Business Review

○ Strategy update

Agenda

RTL Group

Half year highlights 2011

Strong audience shares

in major markets

GERMANY, FRANCE,

NETHERLANDS

REVENUE

EUR 2.75 billion

REPORTED EBITA

continuing operations

EUR 557 million

Portfolio strengthened:

acquisition of minorities;

creation of new family of

channels; step into Asia

CASH CONVERSION

EBITA MARGIN

NET CASH POSITION

EUR 973 million

20.2%

NET RESULT

EUR 324 million

96%

> Improved profitability against difficult comparatives

2

○ HY 2011 results

● BUSINESS REVIEW

○ Strategy update

Agenda

NET ADVERTISING MARKET DEVELOPMENT (in % )

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

Germany & France

Results 2011

2,5 5,3

-0,9

M6 TF1 Market

4

AUDIENCE SHARE 14-49 (in %)

NET ADVERTISING MARKET DEVELOPMENT (in % ) HY 2011 vs 2010

-0,4

0,4 0,2

RTL P7S1 Market

33,2 32,9 32,2 31,8

33,6 32,9

34,4 35,0 35,3

29,0 29,4

30,3 29,4

29,0 29,3 30,1

29,7

28,6

2003 2004 2005 2006 2007 2008 2009 2010 2011

21,3

33,1

18,3

Groupe M6 TF1 Group France Television

AUDIENCE SHARE – FAMILY OF CHANNELS HOUSEWIVES <50 ALL DAY (in %)

Source: RTL Group estimates, Nielsen, delta versus YTD September 2010

+0.9 -0.1 -1.7

HY 2011 vs 2010

+0.6pp

-1.2pp

6.7pp

FremantleMedia

Half year Results 2011

KEY FACTS 2011 KEY FINANCIALS (in EUR million)

596 621

HY 2011 HY 2010

90 72

● Continues to produce the highest rated

entertainment shows around the world

o In the US, season ten of American Idol was once

again the most watched prime time entertainment series

o In the UK, series five of Britain’s Got Talent was the 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

● Growth in revenue driven by new acquisitions

with EBITA margin suffering due to continued

pressure on margins and difficult comparatives

Revenue EBITA

ROS

15.1%

ROS

11.6%

5

FremantleMedia is known for…

6

…but FremantleMedia also has a global expertise in other parts

of the value chain

Drama Live Event Online Social

Networks

Sponsors

hip

Licensing

7

Distribution

Home

Video Licensing

FremantleMedia’s evolution

idea

TV Production

Distribution

Digital

TBA Retail

Live

Events

Branded

Ent.

Gaming

Kids

Home

Video

Licensing

TV Production and

Rights Company

21st Century

Entertainment

Company

8

NET TV ADVERTISING MARKET DEVELOPMENT (in % )

Source : RTL Group estimates

Netherlands & Belgium

Results 2011

373 318

HY 2011 vs 2010

8,1

21,6

6,5

Market RTL SBS

9

NET TV ADVERTISING MARKET DEVELOPMENT (in % )

HY 2011 vs 2010

Market RTL RTBF

158

20

TV AUDIENCE SHARE – FAMILY OF CHANNELS

34,5

23,1 25,6

RTL SBS Ned 1-3

+2.9 -3.9 -1.2

Source : RTL Group estimates, 20-49, PRIMETIME (in % ) : delta versus YTD September 2010

TV AUDIENCE SHARE – FAMILY OF CHANNELS

37,3

16,8

5,6

27,1

RTL Belgium Pubcaster AB Group French Channels

Source : RTL Group estimates, shoppers 18-54, PRIMETIME (in % ) : delta versus YTD September 2010

-1.2 -1.8 +0.4 +0.3

4,3

5,6

-0,4

○ Q1 2011 results ○ Business Review ● STRATEGY UPDATE

Agenda

RTL Group excercises put option which leads to unwind

of all Dutch radio assets from RTL Nederland

Sanoma Talpa

RTL Radio Group

RTL Group

RTL NL Holding

SBS NL

RTL NL+ Digital

67% 33% 26% 74%

Sanoma Talpa RTL Group

RTL NL+ Digital

SBS NL

67% 33% 100%

100% 100%

Sanoma and Talpa acquire SBS Broadcasting Situation after RTL Group excercises

put option with Talpa

Radio Group

• RTL Group becomes 100 per cent

shareholder of RTL NL’s TV and Digital assets

• Talpa becomes 100% shareholder of all

radio assets

100%

11

Allows implementation of multichannel strategy

• RTL Klub needs family of channels in highly

fragmented and fragmenting market

2nd revenue stream from cable operators

• RTL bouquet becomes even more attractive to

competing digital platforms (cable, DTH, Sat, IPTV)

Acquisition of Cable Channels in Hungary

Strategic Rational

• Currently IKO Telkom holds 31%, RTL 69%

• Media law changes enables gain of full control

Cleans up shareholding

Actions 1

2

3

Acquire

31%

Aim :

distribution fee

Create

family of channels

THREE PART ACTION PLAN

12

Acquisition of Cable Channels in Hungary

Fragmentation in the Hungarian TV market

Hungarian TV market highly fragmented

22,4

17,7

4,7 4,6

4,1 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 0,3 0,3

RT

L K

lub

TV

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Via

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t 3

F+

Co

ol

M1

Sto

ry4

Dis

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y

Dis

co

ve

ry

Co

m.C

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t.

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N

Min

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Na

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Du

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Sp

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Un

ive

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VIV

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Ca

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Net.

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Sp

ort

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TV

Pa

prika

An

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et

AT

V

Eu

rosp

ort

2

HB

O

Pri

zm

a

Fe

m3

Film

mú

ze

um

Life N

etw

ork

Movie

s2

4

Muzsik

a T

V

Na

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eo

Wild

So

roza

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Sp

ort

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Bo

om

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ng

Dig

iSp

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Dis

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Dis

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rave

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Du

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Dis

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nvest.

Nic

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lod

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Sp

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Klu

b

Zo

ne

…

TG 18-49, all day, in %, Q1

2 main commercial channels

= 40% of all day audience share

RTL

Klub TV2

4 mid-sized channels

= 17% of all day audience share Viasat3 Film+ Cool M1

(PSB)

80+ small channels

= each less then 2.5% audience

share

Disney Discov-

ery Turner UPC Viasat …

13

16,5% 18.9%

21,6% 23,1%

25,0% 29,6%

32,8% 35,4%

38,4% 39.1%

83,5% 81.1%

78,4% 76,9% 75,0%

70,4% 67,2%

64,6% 61,6% 60.9%

01 02 03 04 05 06 07 08 09 10

Multi-Channel Terrestrial

8 years

Acquisition of Cable Channels in Hungary

Development of Advertising Spend in the UK and Hungary

Hungarian market shows similar development to the UK

UK ADVERTISING SPEND 2001 -2010

TERRESTRIAL VS. MULTI-CHANNEL

15,8% 18.9% 20,6%

23,6% 27,0% 30,2%

33,2% 36,0% 38,0% 39.1%

84,2% 81.1% 79,4%

76,4% 73,0%

69,8% 66,8%

64,0% 62,0% 60.9%

09 10 11 12 13 14 15 16 17 18

Multi-channel Terrestrial

8 years

EUR -38m EUR 152m

EUR 114m

HUNGARY ADVERTISING SPEND 2009-2018 (E)

TERRESTRIAL VS. MULTI-CHANNEL

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-

skewing general entertainment,

launched in 2004

Film+: #1 movie channel and #2

overall cable channel, launched in

2004

Film+2: sister channel

to Film+, launched in

2008

Reflektor: celebrity

channel, launched in

2008

Sorozat: series channel,

launched in 2008

Prizma: entertainment

channel, launched 2008

Muzsika: music channel,

launched in 2009

Highly profitable operation

Significant growth potential through smaller channels

Combined audience share of 10.1% (+2.0 pp yoy)

Possibility to generate subscription fees for RTL Klub

High level of synergies between main channel and cable

channels 15

RTL Group establishes

RTLH with local partners

Croatia: Buy-out of Remaining Minority Shareholder

RTL Group

100% Prodrvaka 8%

Splitska 8%

Pinta

25% RTL

Group

33%

13%

Agrokor 13% Atlantic

RTL Group buy our

Prodrvaka

RTL

Group

74% 13%

Agrokor

13% Atlantic

2003 2010 2011

RTL Group establishes RTLH

with local partners

In 2011, RTL Group acquires

remaining 26%-stake from Agrokor and Atlantic

After change in media law,

RTL Group bought out several shareholders up until

2010

(2) Price negotiated reasonable

(1) Croatian Competition Authority put pressure on Agrokor

Timing for buy-out good as…

16

Future Opportunities

EXPAND FOOTPRINT

IN ASIA

17

The leading European entertainment network