Southern Cross Media Group Limited · ASX:SXL
Southern Cross Media — Shareholder Meeting (October 2014)
19 slides from Southern Cross Media's shareholder meeting presentation, Oct 21, 2014
Slide 1: Chairman's Address to Shareholders and AGM Presentation
Southern Cross Media Group Limited For personal use only ABN 91 116 024 536 Level 2, 257 Clarendon Street Telephone +61 3 9252 1019 SOUTH MELBOURNE VIC 3205 Fax +61 3 9252 1270 AUSTRALIA Internet www.southerncrossaustereo.com.au 21 October 2014 ASX RELEASE / MEDIA RELEASE CHAIRMAN’S ADDRESS TO SHARE
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS The 2014 financial year continued the challenging trading conditions seen over the last few years in the advertising sector. The improvements in consumer sentiment following the federal election in September 2013 have proved shortlived, with sentiment returning to levels experienc
Slide 3: Chairman's Address (continued)
I am sad to report that we lost the services of our highly-regarded CFO, Stephen Kelly, in January of this year, after a battle with illness. Stephen served the group very effectively over a number of years from the acquisition and integration of Austereo through to the successful refinancing of our
Slide 4: Chairman's Address (trading update)
The Commonwealth Games has given our Local sales a good start to the year and are offsetting local sales challenges in Metro radio markets. Overall, local sales are flat at the end of the first quarter. National markets remain more challenging with both TV and Metro radio being impacted by what is a
Slide 5: Southern Cross Media Group Annual General Meeting 2014
For personal use only SOUTHERN CROSS MEDIA GROUP ANNUAL GENERAL MEETING 2014 1
Slide 6: Agenda
AGENDA For personal use only 1. Chairman’s overview 2. CEO’s report 3. Formal business 4. Closure of meeting 2
Slide 7: SCMG Board & Management
SCMG BOARD & MANAGEMENT For personal use only SCMG Board SCMG Management Max Moore Wilton, Chairman Rhys Holleran, Chief Executive Officer Leon Pasternak, Deputy Chairman Nick McKechnie, Chief Financial Officer Chris de Boer, Non-Executive Director Michael Carapiet, Non-Executive Director Jane Summe
Slide 8: Chairman's Overview
For personal use only CHAIRMAN’S OVERVIEW MAX MOORE-WILTON 4
Slide 9: CEO's Report
For personal use only CEO’S REPORT RHYS HOLLERAN 5
Slide 10: First Quarter FY15
FIRST QUARTER FY15 For personal use only • Challenging market conditions – cycling tough comparatives through July and August with improved market in September • National revenues challenging, local markets steady • Regional revenues down 6% • Metro revenues down 14% • Metro radio market share stabi
Slide 11: H1 FY15 Outlook
H1 FY15 OUTLOOK For personal use only • Revenue forecast to be marginally adverse to August guidance range • EBITDA decline results from high operating leverage Updated Guidance for H1 FY15 Vs. H1 FY14 H1 FY14 Revenue Down 7-8% $331.9m EBITDA Down 18-20% $105.1m 7
Slide 12: Formal Business
For personal use only FORMAL BUSINESS MAX MOORE-WILTON 8
Slide 13: Proxies
PROXIES For personal use only • Proxies received for 601,426,378 shares • Number of shareholders 468 • Representing 85.28% of the company’s issued voting capital 9
Slide 14: Resolution 1: Election of Robert Murray as a Director
FORMAL BUSINESS For personal use only Resolution 1: Election of Robert Murray as a Director That Robert Murray be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 596,866,906 3,229,022 285,225 1,330,450 % of Votes able to be cast 99.25% 0.53% N/A 0.22%
Slide 15: Resolution 2: Election of Kathy Gramp as a Director
FORMAL BUSINESS For personal use only Resolution 2: Election of Kathy Gramp as a Director That Kathy Gramp be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 596,843,533 3,251,138 285,225 1,331,707 % of Votes able to be cast 99.24% 0.54% N/A 0.22% 11
Slide 16: Resolution 3: Election of Glen Boreham as a Director
FORMAL BUSINESS For personal use only Resolution 3: Election of Glen Boreham as a Director That Glen Boreham be elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 599,375,011 712,486 285,225 1,338,881 % of Votes able to be cast 99.66% 0.12% N/A 0.22% 12
Slide 17: Resolution 4: Re-election of Leon Pasternak as a Director
FORMAL BUSINESS For personal use only Resolution 4: Re-election of Leon Pasternak as a Director That Leon Pasternak be re-elected as a Director of SCMGL Proxies Received For Against Abstain Open Proxies # of Votes cast 497,058,940 103,015,728 296,485 1,341,450 % of Votes able to be cast 82.66% 17.12
Slide 18: Resolution 5: Adoption of Remuneration Report
FORMAL BUSINESS For personal use only Resolution 5: Adoption of Remuneration Report That the Remuneration Report included in the SCMGL Directors’ Report for the financial year ended 30 June 2014 be adopted Proxies Received For Against Abstain Open Proxies # of Votes cast 588,757,733 10,777,688 426,8
Slide 19: Meeting Adjourned
For personal use only MEETING ADJOURNED 15
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