Arn Media Limited · ASX:A1N
Arn Media — Shareholder Meeting (May 2023)
24 slides from Arn Media's shareholder meeting presentation, May 17, 2023
Slide 1: AGM Presentation & Trading Update
MARKET ANNOUNCEMENT AGM Presentation & Trading Update SYDNEY, 17 May 2023 – HT&E Limited [ASX: HT1] provides the attached copy of the AGM Presentation & Trading Update to be provided at the Company’s 2023 AGM, to be held today from 9am (AEST). Also being provided in a separate release are the Chairm
Slide 2: Creating Connections That Count
CREATING CONNECTIONS THAT COUNT 17 May
Slide 3: Chairman's Address
Chairman’s Address T 2023 AGM
Slide 4: Strong performance in a year of considerable change
Strong performance in a year • Core business maintained market leading position of considerable change • Transformational regional acquisition • Digital investments gaining traction towards profitability • Group revenues and EBITDA(1) up 53% • Non-cash impairment reflective of macro environment • Co
Slide 5: 2023 AGM
2) 2) o he x] To < ah 0 Lu U 2023 AGM
Slide 6: FY22 AGM Results Presentation
2023 FY22 AGM Results Presentation
Slide 7: FY22 highlights: radio, digital audio and regional
• Leading radio network; 8m nationally • Growing new digital audio formats • #1 podcast publisher in Australia • 54% growth in listeners over the past 3 years (2) • Digital Audio market – fastest growing digital market related to traditional content +30% (3) • Digital Audio revenue (including stream
Slide 8: Revenue up $119.9m (+53%); +5% on a pro forma basis
% change 2022 2021 % A$ million Pro forma Reported Restated2 Change Revenue before finance income 344.9 225.0 53% 5% Other income 3.4 0.7 >100% 96% • Revenue up $119.9m (+53%); +5% on a pro forma basis Share of associate profits 9.7 9.1 7% 7% • Continued momentum across regional network; +7% on stro
Slide 9: Leverage further improved following Soprano proceeds; now <0.5x
Reported Restated(2) Change A$ million Dec 2022 Dec 2021 $ • Leverage further improved following receipt of Soprano Cash and cash equivalents 23.9 257.1 (233.2) proceeds in March 2023; now <0.5x leverage Receivables 65.7 51.4 14.3 Assets held for sale 23.8 – 23.8 • Low capital intensive model for di
Slide 10: ARN's Vision and strategic approach
ARN’s Vision and strategic approach , \ To provide the most complete audio experience for listeners, and the most comprehensive audio solutions for advertisers Embrace digital - Generate strong returns from core broadcast radio Distribute content as widely as possible Build an integrated audio busin
Slide 11: Audiences growing; highest reach ever; radio margin improving to 33%
• Audiences growing; Highest reach ever A$ million 2022 2021 % 2021 % • Radio margin improving to 33% Change Pro change forma Pro forma • Low cap ex model • Radio resilient in challenging cyclical advertising cycle Radio 300.2 186.2 61% 286.5 5% Digital 14.6 9.4 56% 13.5 8% Total revenue 314.8 195.6
Slide 12: Enduring power of radio for listeners
AUDIO • Enduring power of radio for listeners; Growing 56% audiences TV 14% • Thrives on live content, real-time engagement and NEWS WEBSITES human connection 10% • Radio’s role is well understood by advertisers; SOCIAL MEDIA 11% Consistently 7-8% of total advertising OUTDOOR BILLBOARDS • Mass mediu
Slide 13: Podcasting is a mass medium
• Podcasting is a mass medium • Reaching 9.2m Australian podcast listeners every month • April of this year we reached 6.6 million combined listeners and 28.5 million monthly downloads • Brands eager to tap into engaged audiences • Dynamic ad insertion allows for personalisation; contextually releva
Slide 14: Radio 360 measurement system evolution
Commercial Radio & Audio is undergoing a major evolution of the measurement system used when trading radio. The new system, RADIO 360, is the result of a targeted investment over five years. It adds the streaming logs of the millions of devices streaming radio to the existing survey data of 60,000 p
Slide 15: Distributing content as widely as possible
Distributing content as widely as possible Platform agnostic content across as many platforms as possible so that our audiences can consume whenever, wherever they want Cy Reach diverse audiences er Woolworths (1) Maximise revenue potential (1) Ensure long term relevance
Slide 16: Enduring reach of broadcast radio; diversified regional revenue model
• Enduring reach of broadcast radio • Diversified revenue model in regional markets • The growth of DAB+ listening • Live streaming is an interactive, real-time experience • Podcasting is a mass market with on-demand, niche content • Music playlists offers global functionality with low cost investme
Slide 17: Podcast audience reach and revenue growth
14 120 Audience Reach (millions) 12 100 Revenue (millions) 10 80 8 60 6 40 4 2 20 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Podcast Audience Reach Podcast Revenue 300 250 A$ millions 200 150 100 50 0 2021 2022 2023 2024 2025 2026 Source: GfK Radio Survey S1-2 2023 vs S1-8 2017, p10+, SMB
Slide 18: ARN Media timeline 2017-2023
ARN Media 2020 2018 2022 bin) + Sold Conversant yoprane + Closed Gfinity + Settled Tax dispute + Extended iHR license - Acquired Grant Broadcasters * Sold Adshel + Launched * Sold Soprano \s))) iHeartRadio Podcast Australia 3 : rnmedi iHeart 2019 = at 2023 2017 2021 Embracing the world of audio and
Slide 19: Outlook
Outlook Ves We
Slide 20: Strong start to the ratings year with continued growth
ARN - ARN has had a strong start to the ratings year with continued growth in key 25-54 year old audiences across the first 2 surveys - Radio revenues(1) to the end of April finished back -5% - Excluding the impact of government spend in the prior year radio revenues would be back -2% yoy - Regional
Slide 21: FY22 AGM Results Presentation
2023 FY22 AGM Results Presentation
Slide 22: Important notice and disclaimer
This document has been prepared by HT&E Limited (HT&E) to provide general information about the activities of HT&E and its subsidiaries at the time of release of this document. Unless specified otherwise, information in this document refers to the relevant financial period covered by the document. T
Slide 23: Appendices
\ppendices RVG FY22 Results Presentation
Slide 24: Regional radio station listings
Darwin – MIX 104.9 FM/HOT 100.1 FM/TERRITORY FM Cairns – 4CA AM/STAR 102.7 FM Atherton – 4AM Innisfail – 4KZ/KOOL FM 98.3 Townsville – POWER 100.7/STAR 106.3 FM Whitsundays – STAR 90.7FM Mackay – 4MK AM/STAR 101.9 FM Rockhampton – 4CC/4RO AM Alice Springs – 8HA.SUN FM 96.9 Bundaberg – 4BU/HITZ FM 93