Slides
Page 1
Investor Conference Call August 28, 2026 Rolf Hellermann, Member of the Executive Board and CFO of Bertelsmann Bertelsmann Interim Results 2026
Page 2
1 August 28, 2026 · Bertelsmann · Interim Results 2026 Investor Conference Call Interim results H1 2026 – Highlights and key topics Performance: Revenue of €9.3 billion | Organic growth of 5.1 percent | Improved EBITDA-margin | Higher Group profit Financial position: Leverage factor at 2.4x | Equity ratio of 47 percent | Commitment to prudent financial policy Strategy: Strong momentum on strategic growth priorities | Major milestones with Sky (DACH) and planned BMG/Concord combination Outlook 2026: Strong revenue and significant earnings growth | Accelerated growth through strategic initiatives 1. 2. 4. 5. Cash flow: Lower operating free cash flow due to higher investments in music rights | High level of investments maintained3.
Page 3
2 August 28, 2026 · Bertelsmann · Interim Results 2026 Investor Conference Call 201 292 H1 2025 H1 2026 Group key figures – Organic revenue growth of 5.1 percent, Operating EBITDA adjusted increased by 4.9 percent, Group profit above previous year H1 2025 H1 2026 9.1 9.3 Revenue in € billions Operating EBITDA adjusted Group profit Reported Organic +2.3% +5.1% H1 2025 H1 2026 1,249 1,311 in € millions EBITDA-margin 14.1%13.8% +45% Organic growth + €84 millions
Page 4
3 August 28, 2026 · Bertelsmann · Interim Results 2026 Investor Conference Call 1.402 H1 2025 Operating EBITDA adjusted in € millions H1 2026 Revenue in € billions EBITDA- margin Revenue growth Reported Organic +0.1% -6.4% +5.5% +2.3% +8.1% +4.9% +8.5% +7.3% -7.4% -5.4% +6.0% +6.6% +45.1% +61.0% 12%11% 11%11% 29%29% 18%17% 2%2% 41%40% Divisions H1 2026 – Revenue growth at Penguin Random House, BMG, Arvato Group, Education and BI 351 347 255 251 122 127 364 396 12 7 190 211 43 57 0.3 2.81) 3.1 2.9 2.3 2.4 0.4 0.4 2.1 2.2 0.5 0.5 0.5 0.5 0.3 0.5 13%15% 1) Excluding RTL Nederland 2) The business development of the venture capital organizations of Bertelsmann Investments is determined primarily on the basis of EBIT, which amounted to €122 million (H1 2025: -€98 million). 2) RTL NL