Sky Network Television Ltd · NZX:SKT
Sky Network Television — Shareholder Meeting (November 2025)
31 slides from Sky Network Television's shareholder meeting presentation, Nov 21, 2025
Slide 1: 2025 Annual Meeting of Shareholders
2025 Annual Meeting of Shareholders 21 November 2025 © SKY 2021
Slide 2: Asking a question at the meeting
Asking a question at the meeting Questions may be submitted by selecting the Q&A icon on the right side of the screen Type your question in the space provided and then press ‘send’. Help: The same process can be used if you need help at any stage. A Computershare representative will respond to
Slide 3: Voting at the meeting
Voting at the meeting When voting is opened, the resolutions will be accessible by selecting the voting icon To vote simply select your voting direction from the options shown on the screen Your vote has been cast when the tick appears. To change your vote, select ‘Change Your Vote’ at any tim
Slide 4: Welcome
Welcome Access Like a 7 Never Before sky
Slide 5: Board and Executives
Board and Executives Philip Bowman Sophie Moloney Keith Smith Joan Withers Independent Chair Chief Executive Independent Deputy Chair Independent Director Mark Buckman Belinda Rowe Mike Darcey Andrew Hirst Kirstin Jones Independent Director Independent Director Independent Director Interim Chief Fin
Slide 6: Agenda
Agenda Chairman’s Address Chief Executive’s Address Formal Business - resolutions General Business - shareholder questions © SKY 2021
Slide 7: Chairman's Address
Chairman’s Address © SKY 2021
Slide 8: Successful execution of FY25 priorities
Successful execution of FY25 priorities Delivered solid financial results within updated guidance ranges despite a challenging economic climate Successful migration to the new satellite Positive conclusion to NZ Rugby/SANZAAR negotiations, securing a further five-year agreement on improved com
Slide 9: The acquisition of Discovery NZ represents a strong strategic fit
The acquisition of Discovery NZ represents a strong strategic fit that delivers: Increased reach to a Immediate scale in Strengthened larger, more diverse advertising position in digital audience Expanded digital Increased return on Strengthened multi- reach through high content investment platform
Slide 10: Strong focus on shareholder returns and disciplined capital management
Strong focus on shareholder returns and disciplined capital management Delivering Dividend Growth (cps) FY25 TSR At least 30.0 +36% 22.0 FY25 DIVIDEND FY26 DIVIDEND 19.0 GUIDANCE 7.3 15.0 +16% +36% PAYOUT RATIO NO DEBT FY22 FY23 FY24 FY25 FY26 60%–90% $100m Interim Final Guidance Of Free Cash1 Undra
Slide 11: Chief Executive's Address
Chief Executive’s Address © SKY 2021
Slide 12: FY25 financial results delivered within guidance
FY25 financial results delivered within guidance1 REVENUE (Adj2 ) EBITDA (Adj2) CAPEX (Adj2) $755.1m $148.5m $65.2m FY24: $766.7m -1.5% FY24: $153.0m -3.0% FY243: $78.4m -16.8% NPAT (Adj2) FREE CASH FLOW4 DIVIDEND $41.1m $24.8m 22.0cps FY24: $49.2m -16.5% FY24: $23.7m +4.6% FY24: 19.0cps +15.8% 1.Up
Slide 13: Share stories. Share possibilities. Share joy.
OUR PURPOSE Share stories. Share possibilities. Share joy. OUR AMBITION To be Aotearoa NZ’s most engaging and essential media company OUR STRATEGIC PATHWAYS Giving customers Meeting Giving customers content they customers the experience love where they are they expect Making Sky a Providing innovati
Slide 14: Delivery against three year targets (to FY26)
Delivery against three year targets (to FY26) Year 2 Year 1 3-Year FY26 Target FY251 FY24 status Revenue Growth 1-2% pa -1.5% +1.6% Programming Costs to Revenue % 47% - 49% 50.9% 51.1% EBITDA Margin 21% - 23% 19.7% 20.0% Capex to Revenue %2 7% - 9% 8.6% 10.2% Employee Engagement +14 pts +17p
Slide 15: Sky's powerful multi-platform strategy
Sky’s powerful multi-platform strategy 448k 409k 900k customers customers weekly reach 37% Digital Ads NEW SKY DIGITAL ON NEON, EXPERIENCE SKY SPORT NOW & SKY GO © SKY 2021 Source: Linear TV – Nielsen TAM, 05+, Ave weekly reach July 2024 – June 2025.
Slide 16: Discovery NZ supercharges our portfolio and reach
Discovery NZ supercharges our portfolio and reach 1.5M 1.3M 2.0M weekly reach weekly reach1 weekly reach1 Advertising ThreeNow Younger more scale (BVOD) diverse audience INCLUDING 25% FROM 14 CONSECUTIVE QUARTERS ACROSS Three & GROWING DIGITAL CATEGORY OF GROWTH MORE SO FOR ThreeNow © SKY 2021 Sourc
Slide 17: Your Home of the Olympics
YOUR HOME OF THE OLYMPICS sky |e
Slide 18: Slide 18
Slide 19: Entertainment re-imagined
Entertainment re-imagined Bringing together the best of global and local content, including Sky NZ Originals, Sky Sport and Three/ThreeNow STANDOUT HIT SKY NZ ORIGINALS SKY NZ ORIGINALS INSTANT APPOINTMENT IN FY25 CO-PRO WITH BEHIND THE SCENES FAN FAVOURITE VIEWING BBC SCOTLAND
Slide 20: FY26 Update: Guidance Unchanged
FY26 Update: Guidance Unchanged As expected, economic conditions have remained challenging, with continued pressure on revenue and added pressure on Neon subscriptions FY26 Guidance for Sky1, on a ‘stand alone’ basis, remains unchanged Trading conditions for Sky Free in the initial ‘stand-alon
Slide 21: FY26 priorities provide the runway to accelerate growth
FY26 priorities provide the runway to accelerate growth FY26 1. Grow crew engagement G Strategic Priorities 2. Supercharge new Sky Experience Accelerating 3. Deepen content engagement our growth from FY27 4. Accelerate advertising Successful Successful integration integration © SKY 2021
Slide 22: Formal Business
Formal Business © SKY 2021
Slide 23: Resolution 1
Resolution 1 That the Board be authorised to fix the auditor’s remuneration for the ensuing year. © SKY 2021
Slide 24: Resolution 2
Resolution 2 That Philip Bowman, who retires at the Annual Meeting and is eligible for re-election, be re-elected as a director of the Company. © SKY 2021
Slide 25: Resolution 3
Resolution 3 That Dame Joan Withers, who retires at the Annual Meeting and is eligible for re-election, be re-elected as a director of the Company. © SKY 2021
Slide 26: Resolution 4
Resolution 4 That Mark Buckman, who retires at the Annual Meeting and is eligible for re-election, be re-elected as a director of the Company. © SKY 2021
Slide 27: Resolution 5
Resolution 5 That the NZ Rugby Rights Transaction described in the explanatory notes to this Notice of Annual Meeting is approved for all purposes, including under and for the purposes of NZX Listing Rule 5.1.1(b) and section 129 of the Companies Act 1993. © SKY 2021
Slide 28: Proxy voting prior to the meeting
Proxy voting prior to the meeting RESOLUTION FOR DISCRETION AGAINST ABSTAIN % VOTED 98.0% 1.2% 0.7% n/a 63.1% 1. Auditor fees 85,100,852 1,069,275 635,901 28,210 98.6% 1.2% 0.2% n/a 63.1% 2. Re-elect Philip Bowman 85,575,232 1,075,341 156,507 31,293 98.5% 1.2% 0.3% n/a 63.1% 3. Re-elect Dame Joan Wi
Slide 29: General Business
General Business © SKY 2021
Slide 30: Thank you
Thank you © SKY 2021
Slide 31: Disclaimer
Disclaimer This presentation has been prepared by Sky Network Television Limited and its group of companies (“the Company”) for informational purposes. This disclaimer applies to this document and the verbal or written comments of any person presenting it. Information in this presentation has been p
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