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Company presentation, last updated April 2019 · His nickname “The Naked Chef” dates back to...
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Company presentation, last updated April 2019 (FY 2018 figures)
Transcript of Company presentation, last updated April 2019 · His nickname “The Naked Chef” dates back to...
Company presentation, last updated April 2019 (FY 2018 figures)
2 April 2019 · Bertelsmann · Corporate Presentation
Bertelsmann SE & Co. KGaA
First-class media content, services and education offeringsMarket-leading positions in the core businesses of TV, books, magazines, music, services, print and education
International focusA globally operating company with 117,000 employees in some 50 countries
3 April 2019 · Bertelsmann · Corporate Presentation
Bertelsmann at a Glance
€17.7 billionGroup revenues
€2.6 billionOperating EBITDA
€1.1 billionGroup profit
117,220Employees
Media FundsServices Education
GüterslohHeadquarters
4 April 2019 · Bertelsmann · Corporate Presentation
The Executive Board
Markus DohleCEO of Penguin Random House
Immanuel HermreckChief Human Resources Officer of Bertelsmann
Thomas RabeChairman and CEO of Bertelsmannand CEO of RTL Group
Bernd HirschCFO of Bertelsmann
5 April 2019 · Bertelsmann · Corporate Presentation
Nicolas de TavernostChairman of the Executive Board of Groupe M6
Karin SchlautmannExecutive Vice PresidentCorporate Communicationsof Bertelsmann
Annabelle Yu Long CEO of Bertelsmann China Corporate Center and Managing Partner of Bertelsmann Asia Investments
Gail RebuckBoard Member Penguin Random House
Julia JäkelCEO of Gruner + Jahr
Hartwig MasuchCEO of BMG
Frank SchirrmeisterCEO of Arvato SCM Solutions
Kay KrafftCEO of Bertelsmann Education Group
The Group Management Committee (GMC)
Madeline McIntoshCEO of Penguin Random House U.S.
Shobhna MohnExecutive Vice President Growth Regions Strategyand Bertelsmann Investments
Rolf HellermannCEO of Arvato Financial Solutions
Bernd ReichartCEO of Mediengruppe RTL Deutschland
Das GMC is composed of the members of the Bertelsmann Executive Boardand select executives from the Bertelsmann Group.
6 April 2019 · Bertelsmann · Corporate Presentation
The Corporate Strategy –strategic framework
Four Strategic Priorities
Strengthening the Core
Digital Transformation
Growth Platforms
Growth Regions
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2
3
4
Target Portfolio
Higher Growth
More Digital
More International
More Diversified
Financial Performance
7 April 2019 · Bertelsmann · Corporate Presentation
What drives us
8 April 2019 · Bertelsmann · Corporate Presentation
RTL Group –A Leader across Broadcast, Content and Digital
Broadcast Content Digital
€6,505mRevenues
€1,402mOperating EBITDA
15,975Employees
LuxemburgHeadquarters
• 60 TV channels and 30 radio stations• RTL Television in Germany, M6 in France,
Antena 3 in Spain, RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary
• Fremantle is one of the biggest international developers and producers of a wide range of formats − Branches in 30 countries− Responsible for more than12,700 hours
of broadcast content per year− Sells more than 20,000 hours of
programming worldwide each year
• Leading European media company in online video
• 8 VOD platforms• Leading multi-platform networks
(BroadbandTV, StyleHaul, Divimove, United Screens)
• 300 YouTube channels from Fremantle• Generates >41 billion online video views
per month• SpotX: Leading technology platform for the
automated marketing of online video ads
9 April 2019 · Bertelsmann · Corporate Presentation
RTL Group –A Leader across Broadcast, Content and Digital
Broadcast Content Digital
10 April 2019 · Bertelsmann · Corporate Presentation
• More than 275 editorially independent imprints across six continents• More than 15,000 new books published worldwide per year• Sells more than 600 million copies in print, audio and digital formats annually• 481 titles on the “New York Times” bestseller lists in 2018, 69 of them at number one• More than 80 Nobel Prize laureates• Bertelsmann‘s stake: 75 percent (25 percent owned by Pearson plc)
• 40 imprints• About 200 new books published
monthly• More than 60 million copies in
print, audio and digital
Penguin Random House –The world’s leading trade book publisher
€3,424mRevenues
€528mOperating EBITDA
10,351Employees
New YorkHeadquarters
11 April 2019 · Bertelsmann · Corporate Presentation
Authors Bestseller Publishers
Penguin Random House –The world’s leading trade book publisher
Vorführender
Präsentationsnotizen
Authors: Left from top to bottom: Khaled Hosseini is an American writer and doctor of Tajik descent from Afghanistan. (“The Kite Runner”) Malcolm Gladwell is a Canadian journalist, author and business consultant. Gladwell is the author of two bestsellers: “The Tipping Point – How Little Things Can Make A Big Difference” and “Blink – The Power Of Thinking Without Thinking” Sir Ahmed Salman Rushdie is an Indian-British writer. He is one of the most important representatives of contemporary literature. He enriches his stories with elements from the world of fairy tales. Center from top to bottom: E. L. James achieved success with the “Shades of Grey” trilogy of erotic novels. Over 125 million copies of the trilogy have been sold worldwide. The first novel is regarded as the fastest-selling paperback ever, even ahead of the Harry Potter paperbacks. Ken Follett is a British writer who writes in the style of the classic thriller. (“The Pillars of the Earth”) Jamie Oliver is a British chef and cookbook author. His nickname “The Naked Chef” dates back to his first cooking show and alludes to the simple ingredients and preparation of his recipes. Right from top to bottom: Danielle Steel is an American writer. With more than 530 million books sold she is one of the world’s most successful writers in terms of sales figures. Toni Morrison is an American writer. She is one of the most important representatives of African-American literature and was awarded the 1993 Nobel Prize for Literature. Nora Roberts is an American writer. She is considered one of the world’s most successful romance authors.
12 April 2019 · Bertelsmann · Corporate Presentation
Gruner + Jahr –One of Europe’s Largest Magazine Publishers
• More than 500 magazines and digital offerings in more than 20 countries • G+J stands for independent, credible content of the highest quality• G +J products include brands such as “Stern,” “Geo,” “Brigitte,” “Essen & Trinken” ,“Schöner Wohnen” and “Barbara”• Territory, Germany’s largest communications agency for brand content, is a member of the G+J family• G+J owns 59.9 percent of Motor Presse Stuttgart, one of the largest special-interest magazine publishers in Europe
€1,440mRevenues
€140mOperating EBITDA
10,079Employees
HamburgHeadquarters
13 April 2019 · Bertelsmann · Corporate Presentation
Magazines Digital offerings Brands
Gruner + Jahr –One of Europe’s Largest Magazine Publishers
14 April 2019 · Bertelsmann · Corporate Presentation
• Management of Copyrights, recording and audiovisual rights in the Digital Age• Rights to more than three million songs and recordings• Represented in all major music markets• Numerous international and domestic artists signed
BMG –The world’s number 4 in music rights
€545mRevenues
€122mOperating EBITDA
834Employees
BerlinHeadquarters
15 April 2019 · Bertelsmann · Corporate Presentation
Artists (recording) Artists (publishing) Labels
BMG –The world’s number 4 in music rights
Vorführender
Präsentationsnotizen
Artists (recording): �Left from top to bottom: Janet Jackson Scorpions Iron Maiden Kylie Minogue �Middle from top to bottom: Bryan Ferry Jason Aldean Nickelback Blondie �Right from top to bottom: Backstreet Boys Nena Katie Melua Lenny Kravitz Artists (publishing): Left from top to bottom: MIA Rolling Stones Ringo Starr Bruno Mars Middle from top to bottom: Robbie Williams Jess Glynne Johnny Cash Roger Waters Right from top to bottom: Will I Am Nirvana John Legend David Bowie Labels: Left from top to bottom: BMG S-Curve Records Transatlantic Records Vagrant Records Middle from top to bottom: Infectious Records Mute Records Union Square Music Sanctuary Records Right from top to bottom: Rise Records BBR Music Group Trojan Records Skint Records
16 April 2019 · Bertelsmann · Corporate Presentation
Arvato –A leading international service provider
• Service portfolio: CRM services, supply chain management, financial services, IT services• Developed more than 70 online shops for numerous international fashion brands• 600 million customers serviced in customer loyalty systems• More than 1.1 billion parcels delivered a year• 1.6 million square meters of storage space are operated by Arvato SCM Solutions worldwide• 170 million online credit checks performed per year
€4.100mRevenues
€377mOperating EBITDA
67,464Employees
GüterslohHeadquarters
17 April 2019 · Bertelsmann · Corporate Presentation
Bertelsmann Printing Group –Europe’s Biggest Printing Group
• Produces books, magazines, catalogues, brochures and calendars• Gravure and offset printing plants in Germany and the UK and in the United States• Offers services in the fields of media creation, replication and digital marketing solutions• Together, Bertelsmann’s printing companies print about 1.6 million tons of paper a year• Around 2 million books produced daily• More than 3 billion brochures printed per year
€1,639mRevenues
€85mOperating EBITDA
8,245Employees
GüterslohHeadquarters
18 April 2019 · Bertelsmann · Corporate Presentation
Bertelsmann Education Group –Innovative online learning offers with global potential
€258mRevenues
€37mOperating EBITDA
2,033Employees
New YorkHeadquarters
• Education as a global growth market with high overlap to Bertelsmann competencies (Content and service expertise)• Bertelsmann Education Group focuses on vocational training in the health and technology sectors • Group unites various educational companies:
leading US provider of e-learning in the healthcare sector
Innovative e-learning provider with a focus on technology
Services for Universitiesin the United States
US College of Health Care Professions and Humanities
19 April 2019 · Bertelsmann · Corporate Presentation
• Four internationally active funds for participation in emerging digital start-ups and in growth regions• Investments in business areas of high relevance to Bertelsmann: digital media offers, services, e-commerce, Fintech, education• Investments of approx. €800m via funds since 2012; returns of more than €400m
Bertelsmann Investments –Global fund network with trend scouting function for the Group
Various investments in China, including NetEase Cloud Music
Strategic investments in India, including Pepperfry.com
Investments in several funds anddirectly invested companies, including Afferolab
Various investments in the US, including FloSports
>185shareholdings in innovative companies
60new investments in 2018
Beijing, New Delhi, São Paulo, New York
20 April 2019 · Bertelsmann · Corporate Presentation
Bertelsmann Management SE
(General Partner)
Bertelsmann SE & Co. KGaA
ExecutiveBoard
Foundations(Bertelsmann Stiftung,
Reinhard Mohn Stiftung, BVG-Stiftung)
The Mohn Family
BertelsmannVerwaltungs-gesellschaft
(BVG)
Management
80.9 %Capital
19.1 %Capital
100 %Control of
voting rights
Shareholder structure
Vorführender
Präsentationsnotizen
Bertelsmann SE & Co. KGaA is a privately held Kommanditgesellschaft auf Aktien (KGaA; partnership limited by shares). 80.9 percent of the capital shares in Bertelsmann SE & Co. KGaA are held indirectly by foundations (Bertelsmann Stiftung, Reinhard Mohn Stiftung, BVG-Stiftung), and 19.1 percent are held indirectly by the Mohn family. All voting rights at the General Meeting of Bertelsmann SE & Co. KGaA and Bertelsmann Management SE (general partner) are controlled by Bertelsmann Verwaltungsgesellschaft (BVG). The Mohn Family The Bertelsmann / Mohn Family is the founding family of the company. The publisher C. Bertelsmann Verlag was founded by Carl Bertelsmann in 1835; Reinhard Mohn, in the fifth generation of the founding family, took over the management of the company in 1947. Under his leadership Bertelsmann developed from a medium-sized printing and publishing company into one of the largest internationally active media companies. Reinhard Mohn transferred a large part of his capital share in Bertelsmann AG (now Bertelsmann SE & Co. KGaA) to the Bertelsmann Stiftung in 1993. Today, the Mohn Family owns 19.1 percent of the capital shares in Bertelsmann SE & Co. KGaA. Bertelsmann Verwaltungsgesellschaft mbH (BVG) BVG’s mandate is to ensure continuity in Bertelsmann SE & Co. KGaA’s development and to manage the shareholder interests of the non-profit Bertelsmann Foundations and of the Mohn family. BVG is committed to safeguarding, implementing and enhancing the corporate culture developed by Reinhard Mohn. BVG controls 100 percent of the voting rights in the annual general meeting of Bertelsmann SE & Co. KGaA, which it exercises for these purposes as well as 100 percent of the voting rights in the annual general meeting of Bertelsmann Management SE. The Bertelsmann Stiftung The Bertelsmann Stiftung is an independent, non-profit foundation which identifies social problem areas for which it develops and implements solutions. Its projects focus on education, economic and social affairs, health and international understanding. The Bertelsmann Stiftung was founded in 1977 by Reinhard Mohn, the former Chief Executive Officer and owner of the majority share of Bertelsmann, in order to continue the socio-political, cultural and social commitment of the founding family, Bertelsmann / Mohn, and to guarantee the continuity of Bertelsmann. Towards this purpose, Reinhard Mohn transferred a large part of the capital share in Bertelsmann AG (now Bertelsmann SE & Co. KGaA) to the Bertelsmann Stiftung in 1993.
21 Januar 2019 · Bertelsmann · Unternehmenspräsentation21 March 2019 · Bertelsmann · Corporate Presentation
Bertelsmann is engaged in a variety of cultural activities, both in Germany and internationally. Culture@Bertelsmann encompasses exhibitions, literary formats, concerts, and efforts to preserve Europe's cultural heritage. This commitment is closely linked to Bertelsmann's tradition and creative products.
Culture@Bertelsmann
• Bertelsmann restores and digitizes artefacts from 200 years of Italian opera history
• Most valuable privately owned music archive in the world
• Archivio for all: Organization of international exhibitions, support of Berliner Operngruppe for opera performances, archive holdings are freely accessible online
• Silent film festival hosted by Bertelsmann and UFA
• Inspires thousands of film fans in Berlin, Brussels, New York and Paris
• Bertelsmann sponsors the restoration of important silent films by the Murnau Foundation
• Cooperation with ARTE in Berlin
• Germany's most successful literary format • More than 2,700 discussions with authors to
date• Crowd puller at book fairs, including
international ones• Cooperation with ZDF, Deutschlandfunk Kultur,
and 3Sat
Exhibitions• Bau X Kunst – Construction Meets Art:
Exhibition of paintings by Christopher Lehmpfuhl in the “Unter den Linden” U-Bahn construction site, Berlin
• Last Folio: Photography exhibitions about the last remnants of historical Jewish culture in Slovakia; in Berlin, São Paulo
Vorführender
Präsentationsnotizen
Archivio Storico Ricordi: The Archivio Storico Ricordi in Milan, which has been part of Bertelsmann since 1994, documents 200 years of Italian opera history: thousands of original scores from more than 600 operas (including Verdi, Puccini and Donizetti), plus libretti, historical photographs, costume drawings, stage sets, and business letters. Bertelsmann is indexing, restoring and digitizing these treasures and opening the archive to a broad public, including with the Collezione Digitale, opera exhibitions around the world, and performances of rare operas. UFA Film Nights: With the UFA Film Nights, Bertelsmann and UFA have established a silent film festival that now attracts thousands in Berlin and Brussels, as well as in other big cities. It showcases famous films from a time when pictures had only just started moving, some of them restored and digitized with Bertelsmann funds. In Berlin, for example, the UFA Film Nights present cinema magic under the stars, against a spectacular backdrop and accompanied by live music, on three evenings every summer. The Blue Sofa: Is seen as a “gateway to fame” for writers at the book fairs in Frankfurt/Main and Leipzig. To date, more than 2,700 authors have taken a seat here to talk about their books, including Nobel laureates in literature and many other celebrities. Established 20 years ago with partners, today Bertelsmann’s partners are: ZDF, Deutschlandfunk Kultur, and 3sat.
22 Januar 2019 · Bertelsmann · Unternehmenspräsentation22 March 2019 · Bertelsmann · Corporate Presentation
Events@Bertelsmann
Once a year, Bertelsmann brings together politicians, writers, entertainers, film stars and other celebrities at its representative premises in Berlin for a world-class party. Hosts Thomas Rabe and Liz Mohn personally welcome every one of the 800 guests on the red carpet.
Every two years, Liz Mohn, founder and president of the German Stroke Foundation, hosts the Rosenball charity gala in Berlin. Many millions of euros have already been raised in this way to help combat strokes. Around 600 guests enjoy a glamorous evening with live shows, dancing, and a raffle.
Backup
24 April 2019 · Bertelsmann · Corporate Presentation
€1bn
Financial year 2018 – High organic revenue growth, EBITDA of €2.6bn, Group profit again above €1bn
Operating EBITDAin € m
Revenuesin € bn
2017 2018
17.2 17.7
2017
2,586
2018
2,636
Group profitin € m
Reported
Organic
+2.8%
+2.7%
2017 2018
1,198 1,104
1) Before exchange rate effects, portfolio effects and gains from major real estate disposals in financial year 2017
Reported
Like-for-like1)
-50
+112
25 April 2019 · Bertelsmann · Corporate Presentation
Group strategy –Major strategic moves of recent years
Merger Penguin/Random House2Relaunch of music business3Arvato realignment4CRM partnership with Saham5Education business ramp up6
Created world’s leading trade book publishing group
Built music business with revenues >€500m from scratch
Established 4 profitable and growing solution groups
Created CRM group with revenues of €1.2bn
Almost tripled expected portfolio valueFund activity in China7
Built highly profitable e-learning offering
“Total video“ investments1 Invested early into online video and ad tech
Established advertising, data and content alliancesStrategic alliances8 Bertelsmann Content Alliance
26 April 2019 · Bertelsmann · Corporate Presentation
Growth platforms – Revenues of around €6bn and organic growth of 10%, furthersignificant progress in 2018
Revenues, in € bn Highlights 2018
Numerous artist signingsand chart successes
Acquired US online educationprovider OnCourse Learning
Acquired insurance servicesprovider 3C Deutschland
Growth with customersfrom fashion, hightechand healthcare sectors
Growth platforms with organic growth of 10%
2011 2018
3.2
5.9
Investments>€5.0bn
FinancialSolutions
SCMSolutions
Digital
FinancialSolutions
SCMSolutions
Digital
27 April 2019 · Bertelsmann · Corporate Presentation
Growth regions –Expanded activities in BIC and other growth regions
189 participations at the end of 20181)
Invested around €800m since 20121)
Proceeds already in excess of €400m1)
1) All numbers including BDMI
Market entry SpotXin South East Asia
Expansion in Braziland South East Asia
Expansion in Brazil and China through local artist signings
New CRM group with relevant presence in growth regions
Udacity with growthin China and India
• 134 participations, 18 exits and10 IPOs overall
• 2018: 39 newand follow-on investments(e.g. NetEaseCloud Music, Keep)
• Invested into digital business models(education, media, e-commerce)
• 2018: 4 new and follow-on investments
• Built and expandededucation businesswith partnerCresceraInvestimentos
• 2018: acquiredmajority in Afferolab
Highlights 2018 (examples)
28 April 2019 · Bertelsmann · Corporate Presentation
Content spend of around€6bn per year
Provide brand safe reach
Build up own digital businesses and capabilities
Invest in premium content
Competitive environment – Strengthening content portfolio as one response tocompetition with global tech platforms
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3
2
Establish strategic alliances
Push for regulatory level playing field
Work with platforms
Cooperate across the Group
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Strengthen creativity and entrepreneurship8
