Sky Network Television Ltd · NZX:SKT

Sky Network Television — Merger or Acquisition (July 2025)

11 slides from Sky Network Television's merger presentation, Jul 22, 2025

  1. Slide 1: Acceleration of growth strategy through the acquisition of Discovery NZ

    Sky Network Television Acceleration of growth strategy through the acquisition of Discovery NZ © SKY 2021

  2. Slide 2: Acquisition of Discovery NZ enables Sky to go further, faster

    Acquisition of Discovery NZ enables Sky to go further, faster ✓ Sky is uniquely positioned to realise this opportunity, which delivers a step change in its growth strategy ✓ Expected to deliver underlying incremental free cash flow in year one, and long-term sustainable EBITDA uplift from FY28 ✓ Str

  3. Slide 3: Acquisition Summary

    Acquisition Summary © SKY 2021

  4. Slide 4: Compelling strategic and financial rationale underpins the transaction

    Compelling strategic and financial rationale underpins the transaction Strategic Financial ✓ Creates significant audience presence, aligned with Sky’s ✓ Nominal cost acquisition of 100% of Discovery NZ for $1 ambition to be Aotearoa NZ’s most engaging and on a cash free, debt free basis essential me

  5. Slide 5: Sky is uniquely placed to realise this opportunity to accelerate its growth strategy

    Sky is uniquely placed to realise this opportunity to accelerate its growth strategy Transaction expected to deliver positive underlying free cash from FY26 ✓ DONE • Purchase price of $1 on a cash free, debt free basis • Pre-structuring provides: a clean balance sheet largely clear of long-term obli

  6. Slide 6: Strategic Rationale

    Strategic Rationale © SKY 2021

  7. Slide 7: Creates significant audience presence with powerful reach

    Creates significant audience presence with powerful reach • Lifts total combined audience reach to 2.2 million linear and 1.2 million digital viewers per week1 • Adds established and much-loved brands with complementary strengths in audience and content genres including local news and reality • Boos

  8. Slide 8: Delivers immediate Advertising scale and a strong market position

    Delivers immediate Advertising scale and a strong market position • A step change for our advertising ambitions, Revenue Share2 delivering immediate addressable audience scale that would be difficult to achieve organically • Increase in linear revenue share delivers scale in the largest TV category

  9. Slide 9: Expands Sky's reach to a more diverse audience

    Expands Sky’s reach to a more diverse audience • Significantly increased reach, to younger, Incremental weekly reach1 more diverse viewers, particularly in digital • Unlocks opportunities for cross-platform marketing and content windowing strategies to drive long-term margin growth • Delivers advant

  10. Slide 10: Summary of key deal terms

    Summary of key deal terms Key deal terms Transaction cost estimates: • Acquisition of 100% of Discovery NZ Limited for $1 on a cash free, debt free basis - Transaction fees: $3.0m • Balance sheet largely clean (property leases and certain content - Net integration costs1: $6.5m commitments cleared p

  11. Slide 11: 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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