Gtn Ltd. · ASX:GTN
Gtn — Shareholder Meeting (November 2024)
27 slides from Gtn's shareholder meeting presentation, Nov 22, 2024
Slide 1: AGM Presentation
GTN Limited AGM Presentation Release Date 22nd November 2024
Slide 2: Sections
Sections 01 Chair’s Address – Peter Tonagh 5 02 CEO Address – Vic Lorusso 6 03 Management Address – Brent Henley 8 04 Formal Business – Peter Tonagh 19 A Reconciliation of Financial Information 25 2
Slide 3: Today's Presenters
Today’s Presenters Peter Tonagh Brent Henley Vic Lorusso Chairman Global CFO CEO, ATN 3
Slide 4: Our Board of Directors
Our Board of Directors Peter Tonagh David Ryan AO Corinna Keller Craig Coleman Alexandra Baker (“Alexi”) Chairman Director Director Director Director Experience as a C-suite Over 40 years of experience in Currently working with Bloomberg Craig is an experienced senior Alexi is a director and executi
Slide 5: Chair's Address Peter Tonagh
Section 01 Chair’s Address Peter Tonagh 5
Slide 6: ATN CEO Address Vic Lorusso
Section 02 ATN CEO Address Vic Lorusso 6
Slide 7: Australian Traffic Network rebrands after three decades
GETS ATTENTION @Mumbrella— estovsi- ever Jobe | Mo =) Australian Traffic Network rebrands after three decades
Slide 8: Management Address Brent Henley
Section 03 Management Address Brent Henley 8
Slide 9: GTN's FY24 Adjusted EBITDA increased 15%
GTN’s FY24 Adjusted EBITDA increased 15% compared to FY23 due to revenue growth and cost management Revenue Adj. EBITDA NPAT EPS $184.2m $22.3m $5.7m $0.028 FY24 revenue increased 4% compared to FY23 Strong revenue increases in Brazil (+42%) and UK (+21%) FY24 Adjusted EBITDA increased 15% due to re
Slide 10: FY24 NPAT of $5.7m increased 115%
FY24 NPAT of $5.7m increased 115% compared to FY23 NPATA of $10.2 million increased 42% compared to FY23 Strong liquidity position with net cash of $23.6 million Net free cash ow before nancing, tax and dividends $26.6 million Repaid an additional $16 million in bank debt during FY24, reducing debt
Slide 11: Strong Liquidity Position
Historical balance sheet 2024 2023 - $’000 $’000 Assets Strong Liquidity Position Current Cash and cash equivalents 31,556 30,606 Trade and other receivables 39,181 41,194 Current tax asset 2,440 4,385 Other current assets 5,564 4,938 Net Cash (cash less Bank debt) of $23.6 million Current assets No
Slide 12: GTN's global advertising platform
GTN’s global advertising platform is a combination of established, market leading businesses and large newer market opportunities ATN CTN UKTN BTN FY2024 Revenue A$m 85.8 30.5 51.0 16.9 FY2023 Revenue A$m 88.6 34.2 42.4 11.9 FY24 vs FY23 (3.1)% (10.7)% 20.5% 42.0% Number of Radio Stations # 152 109
Slide 13: ATN
ATN segment Adjusted EBITDA improved 20% ATN to $21.4m AUD compared to FY23 ATN revenue performance FY23 88.6 (3.1)% FY24 85.8 ATN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 1080 1102 (2.0)% Radio sell-out rate (%) (2) 60% 56% +4% points Average radio spot rate (AUD) (3) 125 132 (5.3)% C
Slide 14: BTN
BTN BTN posted a robust 42% increase in revenue The largest increase of the Group BTN revenue performance (AUD) 11.9 FY23 +42.0% FY24 16.9 BTN revenue performance (BRL) 41.3 FY23 +33.0% FY24 55.2 BTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 555 495 12.1% Radio sell-out rate (%) (2) 54%
Slide 15: CTN
CTN had a challenging FY24 CTN with revenue decreasing 12% in local currency and 10.7% in AUD compared to FY23 CTN revenue performance (AUD) FY23 34.2 (10.7)% FY24 30.5 CTN revenue performance (CAD) FY23 30.8 (12.0)% FY24 27.1 CTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 639 667 (4.2)%
Slide 16: UKTN
UKTN UKTN Segment Adjusted EBITDA improved 52% to $3.4m AUD compared to FY23 UKTN revenue performance (AUD) FY23 42.4 +20.5% FY24 51.0 UKTN revenue performance (GBP) FY23 23.7 +12.2% FY24 26.6 UKTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 22,824 20,582 28.9% Radio sell-out rate (%) (2)
Slide 17: Capital Management
Capital Management Company intends to return capital to shareholders in form of dividends and share buybacks while maintaining low leverage As of 30 June 2024, GTN held cash balances of $31.6m with Company announced new share buyback program starting 29 net cash of $23.6M ($20 million after includin
Slide 18: Revenue for Jul - Oct FY25 is pacing ahead of the comparable period
Revenue for Jul - Oct FY25 is pacing ahead of the comparable period in FY24 Challenging market in October and it’s continuing in November Jul - Oct FY25 revenue greater than 5% ahead of the comparable Commenced expansion into new regions in Brazil, period in FY24 Florianopolis and Recife, internally
Slide 19: Formal Business Peter Tonagh
Section 04 Formal Business Peter Tonagh 19
Slide 20: Consideration of Reports
Consideration of Reports To receive and consider the Financial Report, the Directors’ Report and the Independent Auditor’s Report of the Company for the nancial year ended 30 June 2024 20
Slide 21: Questions and Comments
Questions and Comments GTN
Slide 22: Resolution - Election of Director Craig Coleman
Resolution 1 - Election of Director Craig Coleman To consider and, if thought t, pass the following as an ordinary resolution of the Company: “That Craig Coleman, who retires in accordance with clause 10.3(b)(iii) of the Company’s Constitution and being eligible for election, is elected as a Directo
Slide 23: Resolution - Remuneration Report
Resolution 2 - Remuneration Report To consider and, if thought t, pass the following as a non-binding ordinary resolution of the Company: “That the Company’s Remuneration Report for the nancial year ended 30 June 2024, be adopted.” Votes have been received in respect of the resolution as follows: Fo
Slide 24: Questions and Comments
Questions and Comments GTN
Slide 25: Appendix A Reconciliation of financial information
Appendix A Reconciliation of nancial information 25
Slide 26: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA, and Adjusted EBITDA to Pro t before income tax ($m) (1) FY2024 FY2023 Profit before income tax 7.5 5.5 Depreciation and amortisation 13.3 12.3 Finance costs 1.5 1.8 Interest on bank deposits
Slide 27: Disclaimer and important information
Disclaimer and important information The information contained in this document is general background information about GTN Limited (ACN 606 841 801) (the “Company”) and its activities as at the date of this document. It is in summary form and does not purport to be complete. It should be read in co