Slide 1: GTN Limited FY22 Results Presentation
GTN Limited FY22 Results Presentation 25 August 2022
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 18 A Additional financial information 20
Slide 4: Overview
Section 01 Overview
Slide 5: Overview: FY22 Key Highlights
Overview GTN’s FY22 Adjusted EBITDA increased 22% compared to FY21 due to 12% increase in Group revenue Key Highlights FY22 revenue increased 12% compared to FY21 • Revenue increased in all four of Group’s markets A$m(4) FY22 FY21 % Difference • Revenue increased in both local currency and AUD in
Slide 6: GTN's global advertising platform
GTN’s global advertising platform GTN’s global advertising platform is a combination of established, market leading businesses and large newer market opportunities ATN CTN UKTN BTN FY2022 Revenue A$m 78.1 26.8 46.0 9.2 FY2021 Revenue A$m 68.5 24.2 44.4 6.2 FY22 vs FY21 14.0% 10.7% 3.6% 47.4% Number
Slide 7: Group financial performance
Section 02 Group financial performance
Slide 8: Key drivers of financial performance
Key drivers of financial performance Adjusted EBITDA increased 22% to $17.1m due to 12% revenue increase Commentary GTN Group revenue Revenue increased 12% compared to FY21 +11.7% GTN • Revenue increase driven by strong performance across all markets • Revenue increased in both local currency and
Slide 9: Strong liquidity position
Strong liquidity position Net cash (cash less debt balances) of $1.2 million Historical balance sheet Summary cash flow 30 June 2022 30 June 2021 Current Assets $’000 $’000 Cash and cash equivalents 34,844 49,376 FY22 FY21 Trade and other receivables 37,751 31,003 $Am Current tax assets 4,086 4,894
Slide 10: Financial performance by operating segment
Section 03 Financial performance by operating segment
Slide 11: ATN
ATN ATN posted strong revenue increase (+14%) for FY 2022 ATN revenue performance Commentary ATN revenue increased by 14.0% as business continues to rebound +14.0% from the impact of the COVID-19 pandemic Radio spots inventory and number of spots sold both increased compared to FY21 78.1 68.5 •
Slide 12: CTN
CTN CTN revenue increased 11% in AUD and 6% in local currency compared to FY21 despite revenue declining in 1H FY22 compared to 1H FY21 CTN revenue performance (AUD) CTN revenue performance (CAD) +10.7% +6.1% 26.8 24.6 24.2 23.2 FY21 FY22 FY21 FY22 Commentary CTN revenue increased in both AUD and
Slide 13: UKTN
UKTN UKTN increased revenue in both AUD and local currency compared to FY21 UKTN revenue performance (AUD) UKTN revenue performance (GBP) +3.6% +1.8% 46.0 25.1 24.6 44.4 FY21 FY22 FY21 FY22 UKTN KPIs Commentary UKTN revenue increased for a second consecutive year FY22 FY21 % chg • FY22 revenue inc
Slide 14: BTN
BTN BTN revenue increased 47% in AUD and 39% in local currency to once again become GTN’s fastest-growing market BTN revenue performance (AUD) BTN revenue performance (BRL) +39.1% +47.4% 34.8 9.2 25.0 6.2 FY21 FY22 FY21 FY22 Commentary FY22 revenue increased 47% (+39% in BRL) compared to FY21 BTN
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 maintaining business infrastructure, maximising revenue and effectively managing operating expenses while exploring additional growth opportunities Maintain affiliate networks • We believe that a continued focus on strong products is key
Slide 17: GTN Operating Strategy (continued)
GTN Operating Strategy (continued) New business opportunity - Aerial drone light shows Commenced operating aerial drone light shows during 2H FY22 • Drone light shows involve the operation of many drones simultaneously to create images that are viewed by audiences in a manner similar to traditiona
Slide 18: Capital Management
Capital Management Company reduced outstanding debt $20 million in FY22 ($30 million over past two fiscal years) At 30 June 2022, GTN held cash balances of $34.8m with net cash after the debt of $1.2M Debt facility has reverted to original terms after pandemic-related modifications • Distributio
Slide 19: Update on trading
Section 05 Update on trading
Slide 20: GTN Trading Update – July & August 2022
GTN Trading Update – July & August 2022 Revenue for July and August this fiscal year has outperformed July and August 2021 to date July 2022 revenue increased ~6% compared to July 2021 • Increase led by Australia segment (~+32%) and Brazil (~+16% in BRL) • UK revenue decrease (~(11)% in GBP) • Due
Slide 21: Appendix A: Additional financial information
Appendix A Additional financial information
Slide 22: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax ($m) (1) FY2022 FY2021 Profit before income tax 5.2 1.4 Depreciation and amortisation 10.6 10.8 Finance costs 1.3 2.0 Interest on bank deposit
Slide 23: 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