Nzme Limited · NZX:NZM
Nzme — Shareholder Meeting (June 2018)
24 slides from Nzme's shareholder meeting presentation, Jun 21, 2018
Slide 1: Annual Shareholders Meeting 21 June 2018
ANNUAL SHAREHOLDERS MEETING 21 JUNE 2018
Slide 2: Disclaimer
Disclaimer The information in this presentation is of a general nature and does not constitute financial product advice, investment advice or any recommendation. Nothing in this presentation constitutes legal, financial, tax or other advice. This presentation constitutes summary information only, an
Slide 3: Welcome
Welcome PETER CULLINANE Independent Chair 3
Slide 4: Agenda
Agenda 1. Chairperson’s address 2. Chief Executive Officer’s address 3. Ordinary resolutions 1. Re-election of Director – Carol Campbell 2. Election of Director – David Gibson 3. Election of Director – Barbara Chapman 4. Auditor’s remuneration 4. General business and shareholder discussion 4
Slide 5: A Leading New Zealand Media and Marketing Capabilities Company
CH INE SE A LEADING NZ HE RA CAPABILITIES LD .CO .NZ NEW ZEALAND MARKETPLACES EXPERIENTIAL MEDIA AND T DATA & CONTEN + CHAN RE NE INSIGHTS O LS DIGITAL C CLASSIFIEDS ENTERTAINMENT CREATIVE NEWS NATIVE PRINT RADIO BUSINESS CONTENT CONTENT CREATION ENT. SPORT EVENTS AUDIENCE TARGETING BRAND DIGITAL NZ
Slide 6: NZME FY17 Results Summary
NZME FY17 Results Summary Statutory NPAT1 Trading Revenue2 Trading EBITDA2 $20.9m $387.7m $66.2m 10.7cps 4% 2% Statutory Earnings Per Share FY16 Pro forma2 $404.7m FY16 Pro forma2 $67.2m Trading NPAT2 Trading Earnings Full Year Dividends Per Share2 Totalled3 $26.7m 13.6cps 9.5cps 4% 4% FY16 Pro form
Slide 7: NZME Board
NZME Board PETER CULLINANE CAROL CAMPBELL Independent Chair Independent Director DAVID GIBSON BARBARA CHAPMAN Independent Director Independent Director 7
Slide 8: NZME Executive Team
NZME Executive Team MICHAEL BOGGS SARAH JUDKINS LAURA MAXWELL MATT HEADLAND Chief Executive Officer Chief Strategy Officer & Chief Digital Officer Chief Commercial Officer Acting Chief Financial Officer SHAYNE CURRIE DEAN BUCHANAN MATTHEW WILSON ALLISON WHITNEY Managing Editor Group Director, Entert
Slide 9: Michael Boggs, Chief Executive Officer
MICHAEL BOGGS Chief Executive Officer 9
Slide 10: New Zealand 2017 General Election
LIVE New Zealand BROADCAST LEADERS' 2017 General DEBATES Election EXLPORE ELECTORATE RESULTS NZME’s Multi-Platform Pre-election campaign coverage: Election night live stream: Content · The PM Job Interview: Bill English and Jacinda Ardern grilled live by our panel Distribution Over 470k views across
Slide 11: NZME Reaches 3.2 Million New Zealanders
NZME REACHES AN IMPRESSIVE 3.2 MILLION NEW ZEALANDERS1 who read, watch, listen to or otherwise engage with our brands. NZME reaches: 2.6million 1.2million 0.7million in the North Island1 in Auckland1 in South Island1 2% YoY 2% YoY 2% YoY Our growing national and local presence allows us to offer adve
Slide 12: NZME Trading Result
NZME Trading Result NZME Trading FY17 FY16 Pro % Change Result1 ($m) forma1 Trading Revenue1 387.7 404.7 (4%) Other Income 3.7 4.0 (6%) Costs (325.3) (341.5) (5%) Trading EBITDA1 66.2 67.2 (2%) Trading NPAT1 Trading Earnings Full Year Dividends Per Share1 Totalled2 $26.7m 13.6cps 9.5cps 4% 4% FY16 P
Slide 13: NZME Print
TRADING REVENUE1 $221.3m • Newspaper of the Year in FY17 • Best Weekly Newspaper -7% vs FY16 • ‘Break the Silence’ youth suicide NZME campaign: Best Editorial Campaign NZ HERALD AVERAGE ISSUE READERSHIP +8% • Investigative Reporter Matt Nippert: Print Business Journalist of the Year and Winner of th
Slide 14: NZME Radio & Experiential
TRADING REVENUE1 $114.8m in FY17 2018 WINNERS -4% vs FY16 • Best Talk Presenters; T1 2018 NZME Radio Mike Hosking & Marcus Lush 2 RADIO SURVEY & Experiential • NZME total market share • Best Music Breakfast Show +2.0% since the & Best Digital Content start of 2017 • 5% share growth in Christchurch m
Slide 15: NZME Digital & e-Commerce
TRADING REVENUE1 $56.3m in FY17 • NZ Herald’s ‘Break the Silence’ +8% vs FY16 investigation: Second Place, Best Public Relations or Community Service Campaign NZME Digital & • nzherald.co.nz redesign: Third Place, Best Use of Mobile e-Commerce • ‘Discover More’: nzherald.co.nz relaunch AVERAGE UNIQU
Slide 16: Search for your property
Search for WE’RE your property ALL ABOUT under WHAT YOU DO. All things property 16
Slide 17: FY18 Strategic Plan
FY18 Strategic Plan Horizon 1: Optimising the Core Horizon 2: Beyond Advertising Horizon 3: Re-imagining Offsetting declines in Print Growing new revenue streams that Identifying opportunities to develop advertising with growth in Radio and leverage our audiences to generate new business models that
Slide 18: Ordinary Resolutions
\ mA a a Me ae tt tl ttl ule \ RESOLUTIONS
Slide 19: Ordinary Resolutions: Resolution 1
Ordinary Resolutions RESOLUTION 1 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 1: Re-election of Director It is hereby resolved, as an ordinary resolution, that Carol Campbell, who retires by rotation and is eligible for re-election, be re-elected as a Direc
Slide 20: Ordinary Resolutions: Resolution 2
Ordinary Resolutions RESOLUTION 2 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 2: Election of Director It is hereby resolved, as an ordinary resolution, that David Gibson, who joined the Board after the last Annual Shareholders’ Meeting, be elected as a Dire
Slide 21: Ordinary Resolutions: Resolution 3
Ordinary Resolutions RESOLUTION 3 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 3: Election of Director It is hereby resolved, as an ordinary resolution, that Barbara Chapman, who joined the Board after the last Annual Shareholders’ Meeting, be elected as a D
Slide 22: Ordinary Resolutions: Resolution 4
Ordinary Resolutions RESOLUTION 4 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 4: Auditor’s remuneration It is hereby resolved, as an ordinary resolution, that the Directors of NZME are authorised to fix the auditor’s remuneration. Proxies & postal For Again
Slide 23: Shareholder Discussion
Shareholder DISCUSSION 23
Slide 24: Thank You
We’ve been here before United in battle We’ve shared the battle We’ll be there We’ve heard that roar The NZ Herald, Newstalk ZB and Radio Sport The NZ Herald, Newstalk ZB and Radio Sport are joining forces are joining forces to bring you unbeatable to bring you unbeatable coverage of the upcoming Se