Slide 1: GTN Limited FY21 Results Presentation
GTN Limited FY21 Results Presentation 26 August 2021
Slide 2: Today's presenters
Today’s presenters Bill Yde (CEO and founder) Scott Cody (CFO and COO) 1
Slide 3: Contents
Contents 01 Overview 3 02 Group financial performance 6 03 Financial performance by operating segment 9 04 Update on operating strategy and capital management 14 05 Update on trading 17 A Additional financial information 19
Slide 4: Overview
Section 01 Overview
Slide 5: Overview
Overview GTN’s FY21 Adjusted EBITDA only decreased slightly compared to FY20 despite an 11% drop in revenue due to the continuing impact of the COVID-19 pandemic Key Highlights FY21 revenue decreased 11% due to COVID-19 pandemic — Revenue increased 85% in 4Q FY21 compared to 4Q FY20 which was the
Slide 6: GTN's global advertising platform
GTN’s global advertising platform GTN’s global advertising platform is a combination of established, market leading businesses and large new market opportunities ATN CTN UKTN BTN FY2021 Revenue A$m 68.5 24.2 44.4 6.2 FY2020 Revenue A$m 79.0 27.0 42.6 12.4 FY21vs FY20 (13.3)% (10.2)% 4.4% (50.1)% Num
Slide 7: Group financial performance
Section 02 Group financial performance
Slide 8: Key drivers of financial performance
Key drivers of financial performance Despite a $17.6m revenue decrease, Adjusted EBITDA only declined by $0.2 million or 2% Commentary GTN Group revenue Revenue decrease driven primarily by continued impact of COVID-19 pandemic GTN (10.9)% — Revenue impacted by lockdowns and virus flare-ups across
Slide 9: Strong liquidity position
Strong liquidity position Net debt (debt less cash balances) of $3.8 million. Total Gearing to Adjusted EBITDA of 0.27x. Historical balance sheet Summary cash flow 30 June 2021 30 June 2020 Current Assets $’000 $’000 Cash and cash equivalents 49,376 57,040 Trade and other receivables 31,003 19,910 F
Slide 10: Financial performance by operating segment
Section 03 Financial performance by operating segment
Slide 11: ATN
ATN ATN revenue decreased as the Melbourne lockdown had a negative impact on 1H FY21 revenue ATN revenue performance Commentary ATN revenue declined by 13.3% primarily due to continuing impact of (13.3)% the COVID-19 pandemic — 4Q FY21 revenue increased $8.7m (+75%) compared to 4Q FY20 79.0 — 2H F
Slide 12: CTN
CTN CTN revenue declined only 4.5% in local currency compared to FY21 despite largest market (Toronto) being in lockdown entire 2H FY21 CTN revenue performance (AUD) CTN revenue performance (CAD) (10.2)% (4.5)% 27.0 24.3 24.2 23.2 FY20 FY21 FY20 FY21 Commentary CTN revenue decreased in both AUD an
Slide 13: UKTN
UKTN UKTN increased revenue in both local currency and AUD despite significant lockdowns during 2H FY21 UKTN revenue performance (AUD) UKTN revenue performance (GBP) +4.4% +8.7% 44.4 24.6 42.6 22.7 FY20 FY21 FY20 FY21 UKTN KPIs Commentary UKTN revenue increased despite lockdowns related to COVID-1
Slide 14: BTN
BTN BTN revenue negatively affected by severe impact of COVID-19. Despite ongoing struggle with the pandemic, 4Q FY21 revenue increased substantially compared to 4Q FY20. BTN revenue performance (AUD) BTN revenue performance (BRL) (32.3)% (50.1)% 36.9 12.4 25.0 6.2 FY20 FY21 FY20 FY21 Commentary F
Slide 15: Update on operating strategy and capital management
Section 04 Update on operating strategy and capital management
Slide 16: GTN Operating Strategy
GTN Operating Strategy Management continues to be focused on conserving cash while maintaining business infrastructure and maximizing revenue in the ongoing challenging environment of the COVID-19 pandemic Maintain affiliate networks and sales management and staffs —We believe that continuing to h
Slide 17: Capital Management
Capital Management Company conserving cash due to ongoing global uncertainty surrounding COVID-19 pandemic Completed amendment to debt facility in December 2020 —Financial covenants revised to reflect impact of pandemic on Group’s operations —Anticipate that the Group will continue to remain in co
Slide 18: Update on trading
Section 05 Update on trading
Slide 19: GTN Trading Update – July & August 2021
GTN Trading Update – July & August 2021 Revenue for July and August this fiscal year has outperformed July and August 2020 by a significant margin July 2021 revenue increased sharply (+26%) compared to July 2020 —All Group’s regions ahead of July 2020 revenue in local currency and AUD August 202
Slide 20: Additional financial information
Appendix A Additional financial information
Slide 21: 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 Profit (loss) before income tax ($m) (1) FY2021 FY2020 Profit (loss) before income tax 1.4 (0.6) Depreciation and amortization 10.8 11.8 Finance costs 2.0 2.9 Interest
Slide 22: 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