Southern Cross Media Group Limited · ASX:SXL
Southern Cross Media — Shareholder Meeting (October 2011)
20 slides from Southern Cross Media's shareholder meeting presentation, Oct 25, 2011
Slide 1: 2011 Annual General Meeting ASX release
For personal use only Southern Cross Media Group Limited ABN 91 116 024 536 Level 2, 257 Clarendon Street Telephone +61 3 9252 1019 SOUTH MELBOURNE VIC 3205 Fax +61 3 9252 1270 AUSTRALIA Internet www.scmediagroup.com.au www.southerncrossaustereo.com.au 25 October 2011 ASX RELEASE / MEDIA RELEASE SOU
Slide 2: Southern Cross Media Group Annual General Meeting 2011
For personal use only SOUTHERN CROSS MEDIA GROUP ANNUAL GENERAL MEETING 2011
Slide 3: Agenda
AGENDA For personal use only 1. Chairman’s overview 2. CEO’s report 3. Formal business 4. Closure of meeting
Slide 4: SCMG Board & Management
SCMG BOARD & MANAGEMENT For personal use only SCMG Board SCMG Management Max Moore Wilton, Chairman Rhys Holleran, Chief Executive Officer Leon Pasternak, Deputy Chair Steve Kelly, Chief Financial Officer Tony Bell, Non-executive Director Louise Bolger, Company Secretary Chris de Boer, Non-executive
Slide 5: Chairman's Overview
For personal use only MAX MOORE-WILTON CHAIRMAN’S OVERVIEW
Slide 6: CEO's Report
For personal use only RHYS HOLLERAN CEO’S REPORT
Slide 7: Q1 Revenue
Q1 REVENUE For personal use only Q1 FY12 $000's Q1 FY11 $000's % change vs. PCP National Advertising 93,836 98,632 (4.9%) Local Advertising 70,790 71,155 (0.5%) Total Advertising 164,626 169,787 (3.0%) Other Revenue 12,203 12,007 1.6% Total Revenue 176,829 181,794 (2.7%) • Strong comparatives (PcP)
Slide 8: Q1 Revenue (con't)
Q1 REVENUE (con’t) For personal use only Regional Metro Television Radio Metro Radio Q1 FY12 Q1 FY11 % change Q1 FY12 Q1 FY11 % change Q1 FY12 Q1 FY11 % change $000's $000's vs. PCP $000's $000's vs. PCP $000's $000's vs. PCP National 37,956 41,483 (8.5%) 10,359 10,271 0.9% 45,521 46,878 (2.9%) Adve
Slide 9: Synergies
SYNERGIES For personal use only • Ahead of schedule • Now run rated at $9.6m of which $7.1m will be realised this financial year • At the top end of expectations • Currently at 64% of $15m upper end target • All relocations complete • Ratings remain strong in radio, Triple M results especially pleas
Slide 10: Debt & Trading Conditions
DEBT & TRADING CONDITIONS For personal use only • Net debt to 30 September reduced by a further $20m to $675m • Market is still short and visibility limited • We expect Q2 revenues to be flat • TV markets remain challenged • We are optimistic about our TV lineup in 2012 • We expect radio to remain s
Slide 11: Formal Business
For personal use only MAX MOORE-WILTON FORMAL BUSINESS
Slide 12: Proxies
PROXIES For personal use only • Proxies received for 484,435,257 shares • Number of shareholders 558 • Representing 68.64% of the company’s issued voting capital
Slide 13: Formal 1: Adoption of Remuneration Report
FORMAL BUSINESS For personal use only Resolution 1: Adoption of Remuneration Report That SCMGL adopt the Remuneration Report included in the SCMGL Directors’ Report for the financial year ended 30 June 2011.
Slide 14: Formal 2: Re-election of Chris de Boer
FORMAL BUSINESS For personal use only Resolution 2: Re-election of Chris de Boer as a Director That Chris de Boer be re-elected as a Director of SCMGL.
Slide 15: Formal 3: Re-election of Tony Bell
FORMAL BUSINESS For personal use only Resolution 3: Re-election of Tony Bell as a Director That Tony Bell be re-elected as a Director of SCMGL.
Slide 16: Formal 4: Election of Peter Harvie
FORMAL BUSINESS For personal use only Resolution 4: Election of Peter Harvie as a Director That Peter Harvie be elected as a Director of SCMGL.
Slide 17: Formal 5: Election of Marina Darling
FORMAL BUSINESS For personal use only Resolution 5: Election of Marina Darling as a Director That Marina Darling be elected as a Director of SCMGL.
Slide 18: Special 6: Increase in cap on annual Directors' Remuneration
SPECIAL BUSINESS For personal use only Resolution 6: Increase in cap on annual Directors’ Remuneration That, for the purposes of the Corporations Act and Listing Rule 10.17, for the purpose of article 10.9 of the Constitution, and for all other purposes, approval is given for the maximum amount or v
Slide 19: Special 7: Approval of financial assistance
SPECIAL BUSINESS For personal use only Resolution 7: Approval of financial assistance That, for the purposes of sections 260A and 260B(2) of the Corporations Act and for all other purposes, approval is given for each of the Acquired Companies, each a wholly owned subsidiary of the Company, to give f
Slide 20: Q&A
For personal use only Q&A
Southern Cross Media Group — Shareholder Meeting (October 2011) on 6ix