Nine Entertainment Co. Holdings Limited · ASX:NEC
Nine Entertainment — Shareholder Meeting (November 2021)
27 slides from Nine Entertainment's shareholder meeting presentation, Nov 11, 2021
Slide 1: Nine Annual General Meeting Presentation
NINE ANNUAL GENERAL MEETING PRESENTATION 11 November 2021: Attached is a copy of the presentation to be given at the Nine Entertainment Co. (ASX:NEC) Annual General Meeting today. This announcement was authorised for lodgment by the Company Secretary of Nine (ASX: NEC). Further information: Nola Hod
Slide 2: 11 November 2021
11 NOVEMBER, 2021
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Forward looking statements can generally be identified by Nothing contained in this presentation nor any information This document is a presentation of general background the use of forward looking words such as, ‘expect’, made available to you is, or shall be relied
Slide 4: Peter Costello, AC - Chairman
PETER COSTELLO, AC CHAIRMAN 3
Slide 5: Mike Sneesby - Chief Executive Officer
MIKE SNEESBY CHIEF EXECUTIVE OFFICER 4
Slide 6: Group Results
GROUP RESULT S GROUP GROUP GROUP FY REVENUE EBITDA COSTS DIVIDEND $2,332M $565M $1,767M 10.5 CPS (+8%) (+43%) (~UNCH’D) (+3.5CPS) A$M FY21 FY20 VARIANCE REVENUE1 2,331.5 2,155.3 +8% GROUP EBITDA1 564.7 394.8 +43% EBIT1 415.6 249.1 +67% GROUP NPAT, PRE MINORITIES1 277.5 157.7 +76% GROUP NPAT, AFTER M
Slide 7: Divisional Results
DIVISONAL RESULTS Revenue1 contribution – FY21 FY21 BROADCAST PUBLISHING STAN DOMAIN CORPORATE ASSOCIATES INTERSEGMENT TOTAL $M REVENUE 1,242.6 504.5 311.8 286.6 2.3 - (16.3) 2,331.5 PCP 1,127.6 518.5 242.1 267.8 14.2 - (14.9) 2,155.3 % CHG +10% -3% +29% +7% -84% - +9% +8% EBITDA1 contribution – FY2
Slide 8: Digital Growth Continues
DIGITAL GROW TH CONTINUES EBITDA, $M REVENUE, $M 300 DIGITAL REVENUE 1000 +19% TO 39%1 OF GROUP REVENUE 900 250 800 700 200 600 150 500 DIGITAL EBITDA +41% TO 44%1 OF 400 GROUP EBITDA 100 300 200 50 100 0 0 FY19 FY20 FY21 Digital EBITDA Domain Digital EBITDA Total Digital revenue Digital includes 9N
Slide 9: The Block 2021
THE BLOCK 2021 9NOW ACCOUNTING FOR 18% AUDIENCE – 25-54s 1,600,000 1,400,000 9Now Audience 1,200,000 Up 59% Total People 1,000,000 800,000 600,000 400,000 200,000 0 Total People 25-54s Total People 25-54s 2020 2021 Metro Regional 9Now 8
Slide 10: TV Combined Has Reached an Inflexion Point
T V COMBINED HAS REACHED AN INFLEXION POINT REVENUE 2019 2020 2021 2022 2023 2024 2025 FTA BVOD 99
Slide 11: The Future of TV Is Total TV
THE FUTURE OF TV IS TOTAL TV ee ::SENOW HiGot H#iGem iLife HASH eee
Slide 12: Our Digital Plan Is Focussed on Creating Shareholder Value
OUR DIGITAL PLAN IS FOCUSSED ON CREATING SHAREHOLDER VALUE BROADCAST STREAMING PUBLISHING MARKETPLACES Accelerating growth of TV Combined with Growing ownership & Accelerating shift to Supporting broader incremental streaming audiences control of content digital reader revenues marketplace strategy
Slide 13: Trading Update
TRADING UPDATE FTA & RADIO 9Now Stan Publishing Domain FTA market conditions BVOD continues to grow Strong revenue Growth driven by Underlying property remain strong, despite more strongly momentum continues Subscription and market remains strong challenging comps Licensing Investment in entertainme
Slide 14: Formal Business
FORMAL BUSINESS ANNUAL GENERAL MEETING - 2021 13
Slide 15: Item 1. Financial Report
ITEM 1. FINANCIAL REPORT To receive and consider the Financial Report of the Company for the year ended 30 June 2021, together with the Directors’ Report and the Auditor’s Report as set out in the Annual Report. Note: There is no voting applicable to this item of business 14
Slide 16: Adoption of the Remuneration Report
RESOLUTION 1. ADOPTION OF THE REMUNERATON REPORT To consider and, if thought fit, pass the Resolution as a non-binding resolution: “That the Remuneration Report for the year ended 30 June 2021 as set out in the Annual Report be adopted.” Note: The vote on this Resolution is advisory only and does no
Slide 17: Adoption of the Remuneration Report - Vote Count
RESOLUTION 1. ADOPTION OF THE REMUNERATON REPORT Proxy & Direct Vote Count Number Percentage For 1,363,345,646 99.55% Against 5,375,210 0.39% Open 764,889 0.06% Open Proxies held by Board 530,411 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding 16
Slide 18: Re-election of Ms. Catherine West as a Director
RESOLUTION 2. RE-ELECTION OF MS. CATHERINE WEST AS A DIRECTOR To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To re-elect Ms. Catherine West, who retires in accordance with clause 26.10 of the Constitution and offers herself for re-election, as a Director.” Note: The
Slide 19: Re-election of Ms. Catherine West - Vote Count
RESOLUTION 2. RE-ELECTION OF MS. CATHERINE WEST AS A DIRECTOR Proxy & Direct Vote Count Number Percentage For 1,357,211,079 99.05% Against 12,193,684 0.89% Open 771,167 0.06% Open Proxies held by Board 536,889 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding 18
Slide 20: Election of Mr. Andrew Lancaster as a Director
RESOLUTION 3. ELECTION OF MR. ANDREW LANCASTER AS A DIRECTOR To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To elect Mr Andrew Lancaster, who was appointed a Director of the Company by the Board, and is required to seek election in accordance with clause 26.6 of the
Slide 21: Election of Mr. Andrew Lancaster - Vote Count
RESOLUTION 3. ELECTION OF MR. ANDREW LANCASTER AS A DIRECTOR Proxy & Direct Vote Count Number Percentage For 1,363,677,235 99.70% Against 3,294,311 0.24% Open 775,721 0.06% Open Proxies held by Board 546,443 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding 20
Slide 22: Grant 2021 Performance Rights to the CEO
RESOLUTION 4. GRANT 2021 PERFORMANCE RIGHTS TO THE CEO To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To approve for all purposes the grant of 261,038 performance rights to the Chief Executive Officer, Mr Mike Sneesby, as described in the Explanatory Statement.’” No
Slide 23: Grant 2021 Performance Rights - Vote Count
RESOLUTION 4. GRANT 2021 PERFORMANCE RIGHTS TO THE CEO Proxy & Direct Vote Count Number Percentage For 1,358,703,558 99.49% Against 6,284,529 0.46% Open 724,125 0.05% Open Proxies held by Board 507,486 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding 22
Slide 24: Grant 2022 Performance Rights to the CEO
RESOLUTION 5. GRANT 2022 PERFORMANCE RIGHTS TO THE CEO To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To approve for all purposes the grant of 628,817 performance rights to the Chief Executive Officer, Mr Mike Sneesby, as described in the Explanatory Statement.’” No
Slide 25: Grant 2022 Performance Rights - Vote Count
RESOLUTION 5. GRANT 2022 PERFORMANCE RIGHTS TO THE CEO Proxy & Direct Vote Count Number Percentage For 1,358,634,363 99.50% Against 6,129,802 0.45% Open 762,093 0.06% Open Proxies held by Board 529,122 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding 24
Slide 26: Summary of Proxy & Direct Vote Positions
SUMMARY OF PROXY & DIRECT VOTE POSITIONS RESOLUTION 1. RESOLUTION 2. RESOLUTION 3. RESOLUTION 4. RESOLUTION 5. PROXY & DIRECT VOTE COUNT REMUNERATION REPORT CATHERINE WEST ANDREW LANCASTER 2021 PERFORMANCE 2022 PERFORMANCE RIGHTS RIGHTS For 99.55% 99.05% 99.70% 99.49% 99.50% Against 0.39% 0.89% 0.24
Slide 27: Nine
Nine
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