Slide 1: FY24 Results Presentation
GTN Limited FY24 Results Presentation Release Date 27th August
Slide 2: Today's Presenters
Today’s Presenters Peter Tonagh Brent Henley Vic Lorusso Chairman Global CFO CEO, ATN 2
Slide 3: Sections
Sections 01 GTN company overview and business model 4 02 Key business highlights 8 03 Group nancial performance 12 04 Financial performance by operating segment 15 05 Operating model and capital management 20 06 Trading update 23 A Additional nancial information 25 B ATN gives back 27 3
Slide 4: GTN Company Overview and Business Model
Section 01 GTN Company Overview and Business Model 4
Slide 5: GTN Company Overview
GTN Company Overview CTN UKTN ATN BTN GTN currently operates in Australia, Canada, the United GTN is one of the largest suppliers of tra c information reports to radio Kingdom and Brazil, four of the 10 largest advertising markets stations in its operating geographies. In exchange for providing thes
Slide 6: GTN's advertising platform provides advertisers with high impact campaigns
GTN’s advertising platform provides advertisers with high impact campaigns because advertisements are ideally placed during peak audience times and are aired frequently across large audiences. GTN’s advertisements are short in duration, adjacent to engaging information reports and are often read liv
Slide 7: Business Model
Business Model Advertising spots Bundle of adverstising spots Cash compensation Revenue Broadcasters Market leading content Advertisers 7
Slide 8: Key Business Highlights
Section 02 Key Business Highlights 8
Slide 9: EBITDA increased 15%
GTN’s FY24 Adjusted EBITDA increased 15% compared to FY23 due to revenue growth and cost management Revenue Adj. EBITDA NPAT EPS $184.2m $22.3m $5.7m $0.028 FY24 revenue increased 4% compared to FY23 Strong revenue increases in Brazil (+42%) and UK (+21%) FY24 Adjusted EBITDA increased 15% due to re
Slide 10: FY24 NPAT of $5.7m increased 115% compared to FY23
FY24 NPAT of $5.7m increased 115% compared to FY23 NPATA of $10.2 million increased 42% compared to FY23 Strong liquidity position with net cash of $23.6 million Net free cash ow before nancing, tax and dividends $26.6 million Repaid an additional $16 million in bank debt during FY24, reducing debt
Slide 11: Established, market leading businesses and large newer market opportunities
GTN’s global advertising platform is a combination of established, market leading businesses and large newer market opportunities ATN CTN UKTN BTN FY2024 Revenue A$m 85.8 30.5 51.0 16.9 FY2023 Revenue A$m 88.6 34.2 42.4 11.9 FY24 vs FY23 (3.1)% (10.7)% 20.5% 42.0% Number of Radio Stations # 152 109
Slide 12: Group Financial Performance
Section 03 Group Financial Performance 12
Slide 13: Adjusted EBITDA increased 15% to $22.3m
Adjusted EBITDA increased 15% to $22.3m due to revenue growth and effective cost management GTN Group Revenue FY23 177.0 +4.1% FY24 184.2 GTN Group Adjusted EBITDA FY23 19.3 +15.4% FY24 22.3 GTN Group NPATA FY23 7.2 +41.6% FY24 10.2 Commentary: Group revenue increased 4% compared to FY23 Revenue inc
Slide 14: Strong Liquidity Position
Historical balance sheet 2024 2023 - $’000 $’000 Assets Strong Liquidity Position Current Cash and cash equivalents 31,556 30,606 Trade and other receivables 39,181 41,194 Current tax asset 2,440 4,385 Other current assets 5,564 4,938 Net Cash (cash less Bank debt) of $23.6 million Current assets No
Slide 15: Financial Performance by Operating Segment
Section 04 Financial Performance by Operating Segment 15
Slide 16: ATN
ATN segment Adjusted EBITDA improved 20% ATN to $21.4m AUD compared to FY23 ATN revenue performance FY23 88.6 (3.1)% FY24 85.8 ATN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 1080 1102 (2.0)% Radio sell-out rate (%) (2) 60% 56% +4% points Average radio spot rate (AUD) (3) 125 132 (5.3)% C
Slide 17: BTN
BTN BTN posted a robust 42% increase in revenue The largest increase of the Group BTN revenue performance (AUD) 11.9 FY23 +42.0% FY24 16.9 BTN revenue performance (BRL) 41.3 FY23 +33.0% FY24 55.2 BTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 555 495 12.1% Radio sell-out rate (%) (2) 54%
Slide 18: CTN
CTN had a challenging FY24 CTN with revenue decreasing 12% in local currency and 10.7% in AUD compared to FY23 CTN revenue performance (AUD) FY23 34.2 (10.7)% FY24 30.5 CTN revenue performance (CAD) FY23 30.8 (12.0)% FY24 27.1 CTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 639 667 (4.2)%
Slide 19: UKTN
UKTN UKTN Segment Adjusted EBITDA improved 52% to $3.4m AUD compared to FY23 UKTN revenue performance (AUD) FY23 42.4 +20.5% FY24 51.0 UKTN revenue performance (GBP) FY23 23.7 +12.2% FY24 26.6 UKTN KPIs FY24 FY23 % chg Radio spots inventory ('000s) (1) 22,824 20,582 28.9% Radio sell-out rate (%) (2)
Slide 20: Operating Model and Capital Management
Section 05 Operating Model and Capital Management 20
Slide 21: GTN Operating Model
Management continues to focus on maintaining business infrastructure, maximising revenue and effectively managing operating expenses while exploring growth opportunities GTN Operating Model GTN Operating Model Maintain a liate networks Continue to focus on delivering results for our advertising clie
Slide 22: Capital Management
Capital Management Company intends to return capital to shareholders in form of dividends and share buybacks while maintaining low leverage As of 30 June 2024, GTN held cash balances of $31.6m with Company announced new share buyback program starting 29 net cash of $23.6M ($20 million after includin
Slide 23: Trading Update
Section 06 Trading Update 23
Slide 24: Revenue for July and August is pacing ahead of the same period in FY24
Revenue for July and August is pacing ahead of the same period in FY24 July/August 2024 revenue greater than 10% ahead of July/August Commenced expansion into new regions in Brazil, 2023 internally funded by sale of redundant helicopter asset Australia, Brazil and the UK are delivering solid growth
Slide 25: Additional financial information
Appendix A Additional nancial information 25
Slide 26: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA, and Adjusted EBITDA to Pro t before income tax ($m) (1) FY2024 FY2023 Profit before income tax 7.5 5.5 Depreciation and amortisation 13.3 12.3 Finance costs 1.5 1.8 Interest on bank deposits
Slide 27: ATN gives back
Appendix B ATN gives back 27
Slide 28: ATN Gives Back
ATN Gives Back Sia j oe) THE WA oO P/NNAGLE UR ,, BREAST [nly trae ttt FOUNDATION >N 1) CANCER HeartKids TRIALS ou Children’s Hospitals Foundation
Slide 29: 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