Sky Network Television Ltd · NZX:SKT
Sky Network Television — Merger or Acquisition (August 2025)
7 slides from Sky Network Television's merger presentation, Aug 1, 2025
Slide 1: Reconciliation of accounts following the acquisition of Discovery NZ Limited by Sky
Reconciliation of accounts Following the acquisition of Discovery NZ Limited by Sky 1 August 2025 © SKY 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Sky Network Television Limited and its group of companies (“the Company”) for informational purposes. This disclaimer applies to this document and the verbal or written comments of any person presenting it. Information in this presentation has been p
Slide 3: Information to assist investors in understanding Discovery NZ's underlying financial performance
Sky has provided the following information to assist investors in understanding the underlying financial performance of Discovery NZ (DNZ) Reconciliations1: Page: • DNZ 2024 reported financial result at a reported EBITDA level 3 • DNZ 2024 reported EBITDA level result to proforma EBITDA for 4 contin
Slide 4: Discovery NZ's 2024 result at a reported EBITDA level
Discovery NZ’s 2024 result at a reported EBITDA level $36.6m of reported costs in 2024 were either one-off or non-cash in nature 2024 STATUTORY LOSS TO 2024 EBITDA1 ($m) • One-off termination benefits regarding the closure of Newshub • Share-based compensation is a non- cash accounting entry related
Slide 5: Continuing operations EBITDA in 2025
Continuing operations EBITDA in 2025 Further improvement observed in 2025 reflecting ongoing operations post Newshub closure, exit of property leases, and impact of revised content agreements as part of the transaction with Sky FY24 EBITDA TO EBITDA OF CONTINUING OPERATIONS • 2024 employee costs are
Slide 6: At least $10m of potential incremental EBITDA by FY28
At least $10m of potential incremental EBITDA by FY28 Synergies across content, broadcast infrastructure and a number of overheads – to come from the combined Sky + DNZ cost base ASSUMED ONGOING INCREMENTAL GROUP EBITDA POST SYNERGIES1 ($m) • Incremental Group EBITDA reflects synergies across the co
Slide 7: 30 cent dividend target for FY26 not impacted
30 cent dividend target for FY26 not impacted Debt-free balance sheet and content rights clear of payables at completion provides free-cash flow benefit over the first 12-18 months FY26 PROFORMA UNDERLYING FREE CASH NET WORKING CAPITAL CASH FLOW BENEFIT IN FLOW IMPACT1 ($m) FIRST 12-18 MONTHS1 Conte
Sky Network Television — Merger or Acquisition (August 2025) on 6ix