Arn Media Limited · ASX:A1N
Arn Media — Shareholder Meeting (May 2024)
18 slides from Arn Media's shareholder meeting presentation, May 14, 2024
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 14 May 2024 1
Slide 2: Chairman's Address
For personal use only Chairman’s Address
Slide 3: Building Australia's most valuable audio entertainment company
Building Australia’s most valuable audio entertainment company For personal use only SCA Consortium • Consortium of ARN and Anchorage Capital Partners (ACP) proposal to acquire SCA launched in October 2023 proposal • Acquisition would create Australia’s most valuable audio led entertainment business
Slide 4: CEO's Address
For personal use only CEO’s Address
Slide 5: 2023 Financial Highlights
2023 Financial Highlights For personal use only Revenue1 Underlying EBITDA1,2 Underlying NPAT1,2 $334.3m $71.6m $29.5m - 1% - 13% - 22% Statutory NPAT1 Net Debt Dividend ($9.8m) $75.1m 3.6 cps - 95% + 23% FY23 – 7.1cps 1. Percentage change prepared on a pro forma basis, normalising the comparative p
Slide 6: Strong business performance across key metrics
Strong business performance across key metrics For personal use only • Stable broadcast radio market underpinned by population growth, increasing audiences, and multi-platform content Stable distribution industry • Incremental audience growth in digital audio streaming and podcasting • Increasing au
Slide 7: Cody Outdoor contract reset underway
Cody Outdoor Melbourne launch Regional synergies Digital Audio Cody Outdoor contract reset underway Secured iconic HK Tramways tram body contract For personal use only • Successful tenderer for iconic HK Tramways tram body contract; announced 22 February 2024. • 5-year term with multi-year extension
Slide 8: Cody Outdoor Melbourne launch: K&J Show
Cody Outdoor Melbourne launch Regional synergies Digital Audio K&J Show - the newest but KIIS1011 & KIIS1065 Audience Share most talked about show in Revenue Opportunities Melbourne For personal use only • Value of Melbourne radio market - $219m; Sydney value $200m 2013 2014 2015 2016 2017 2018 2019
Slide 9: Revenue upside from Regional Radio acquisition
Cody Outdoor Melbourne launch Regional synergies Digital Audio Revenue upside from Regional Radio acquisition For personal use only • 47 regional stations across Australia • Integration program complete Remaining Opportunity • Business continues to perform very strongly o FY23 Regional revenues +$4m
Slide 10: Digital audio providing incremental audience and revenues
Cody Outdoor Melbourne launch Regional synergies Digital Audio Digital audio providing incremental audience and revenues For personal use only • Acceleration of total digital audio market revenues mirroring listening growth and advertiser buying behaviours • Q423 market valued at ~$78m; +38% vs SQLY
Slide 11: Delivering global MarTech and AdTech Stack capability
Cody Outdoor Melbourne launch Regional synergies Digital Audio Delivering global MarTech and AdTech Stack capability Powering Audience Engagement, Targeting & Measurement For personal use only DISTRIBUTION INGEST TA R G E T I N G C R E AT I V E MEASURE MESSAGING Customer Engagement Platform Customer
Slide 12: SCA Indicative Proposal
For personal use only SCA Indicative Proposal
Slide 13: Overview of ARN and New SCA post-transaction
Overview of ARN and New SCA post-transaction 10 metro FM stations in metro markets Regional network of 86 stations, plus 100% ownership of 2 Canberra stations For personal use only Majority of network is either KIIS or Triple M branded 100% ownership of scaled, fast-growing digital audio pla
Slide 14: Unique, attractive and actionable opportunity for ARN and SCA shareholders
Unique, attractive and actionable opportunity for ARN and SCA shareholders For personal use only 1 Proactively positioning for the future as the Australian media sector continues to evolve 2 Commercial rationale well-understood and confirmed by both parties 3 Unique opportunity to unlock immediat
Slide 15: Trading update
For personal use only Trading update
Slide 16: Trading Update
Trading Update ARN reiterates the following trading update provided on 13 May 2024: For personal use only April YTD total advertising revenues finished 1% ahead of the prior comparative period, delivering a consistent metro radio share, improved digital audio share, with revenues +40%, and regional
Slide 17: Disclaimer
Disclaimer This document has been prepared by ARN Media Limited (ARN Media) to provide general information about the activities of ARN Media and its subsidiaries at the time of release of this document. Unless specified otherwise, information in this document refers to the relevant financial period
Slide 18: ARN Media Limited
For personal use only ARN Media Limited / ABN 95 008 637 643