Nine Entertainment Co. Holdings Limited · ASX:NEC
Nine Entertainment — Shareholder Meeting (November 2024)
20 slides from Nine Entertainment's shareholder meeting presentation, Nov 7, 2024
Slide 1: Annual General Meeting 2024
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Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘predict’, Non-IFRS Financial Information This document is a presentation of general background information ‘plan’, ‘propose’, ‘will’, ‘believe’, ‘forecast’, ‘estimate’, ‘target’ and The Company has
Slide 3: Catherine West, Chair
Catherine West Chair Nine
Slide 4: Matt Stanton, Acting Chief Executive Officer
Matt Stanton Acting Chief Executive Officer
Slide 5: Nine’s Group Strategy
5 Nine’s Group Strategy Scale & Diversification INTEGRATED CONTENT AUDIENCE PLATFORM DATA Creating Australia’s Best Content & integrating our Data & Audience Platforms GROWTH Maximising Monetisation across multiple revenue Advertising Subscriptions Distribution & Licensing Transactions models Suppor
Slide 6: Group Results – Growth in Digital & Subscription, offset by weaker advertising market
6 Group Results – Growth in Digital & Subscription, offset by weaker advertising market Group Revenue Group EBITDA Group EBITDA Margin FY Dividend $2.6B $517M 19.8% 8.5 CPS (-3%) (-12%) (-2.1 pts) (11cps last year) A$M FY24 FY23 VARIANCE REVENUE1 2,619.4 2,694.6 (3%) GROUP EBITDA1 517.4 591.2 (12%)
Slide 7: Growth in subscription and licensing revenue, to more than 30% of total
7 Growth in subscription and licensing revenue, to more than 30% of total1 Strong cross platform Strong subscriber performance at both Publishing & Stan audience results Lower costs1 in FY24, with a further Further opportunities from $50m-plus of underlying cost out Commitment to cultural reform mar
Slide 8: Nine’s integrated audience platform comes to life in Paris
8 Nine’s integrated audience platform comes to life in Paris Total TV Total Publishing Total Audio Stan/Stan Sport 5000 hours of content (up from 300 hours in 2012) National reach of 19.5m people Daily average national TTV reach of 9.9m 9Now providing 16% incremental reach More than 50% increase in
Slide 9: Trading Update
9 Trading Update Total Television Stan Publishing Domain Audio Nine leads the Metro FTA and BVOD in Strong subscriber performance Ongoing strength in digital Digital revenue growth of 9% Nine’s Q1 Audio revenues up the key demographics, underpinned by from Stan in Q1, with better-than- audiences and
Slide 10: Formal Business
Formal Business Annual General Meeting 2024
Slide 11: Item One: Financial Report
11 Item One Financial Report To receive and consider the Financial Report of the Company for the year ended 30 June 2024, together with the Directors’ Report and the Auditor’s Report as set out in the Annual Report. Note: There is no voting applicable to this item of business
Slide 12: Resolution One: Adoption of the Remuneration Report
12 Resolution One Adoption of the Remuneration Report To consider and, if thought fit, pass the Resolution as a non-binding resolution: “That the Remuneration Report for the year ended 30 June 2024 as set out in the Annual Report be adopted.” Note: The vote on this Resolution is advisory only and do
Slide 13: Resolution One: Adoption of the Remuneration Report
13 Resolution One Adoption of the Remuneration Report Proxy & Direct Vote Count Number Percentage For 686,897,202 62.51% Against 411,132,582 37.41% Open 835,812 0.08% Open Proxies held by Board 554,974 0.05% % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 14: Resolution Two: Re-election of Ms. Catherine West as a Director
14 Resolution Two Re-election of Ms. Catherine West as a Director To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To re-elect Catherine West who retires in accordance with clause 26.10 of the Constitution and offers herself for re-election, as a Director.” Note: The
Slide 15: Resolution Two: Re-election of Ms. Catherine West as a Director
15 Resolution Two Re-election of Ms. Catherine West as a Director Proxy & Direct Vote Count Number Percentage For 909,801,716 82.81% Against 188,003,015 17.11% Open 848,153 0.08% Open Proxies held by Board 565,817 0.05% % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 16: Resolution Three: Re-election of Mr. Andrew Lancaster as a Director
16 Resolution Three Re-election of Mr. Andrew Lancaster as a Director To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To re-elect Catherine West who retires in accordance with clause 26.10 of the Constitution and offers himself for re-election, as a Director.” Note:
Slide 17: Resolution Three: Election of Mr Andrew Lancaster as a Director
17 Resolution Three Election of Mr Andrew Lancaster as a Director Proxy & Direct Vote Count Number Percentage For 1007,168,243 91.68% Against 90,519,457 8.24% Open 851,889 0.08% Open Proxies held by Board 569,553 0.05% % defined as % of Total Valid Available Votes, total may not add due to rounding
Slide 18: Summary of Proxy and Direct Vote Positions
18 Summary of Proxy and Direct Vote Positions RESOLUTION 1. RESOLUTION 2. RESOLUTION 3. PROXY & DIRECT VOTE COUNT REMUNERATION REPORT CATHERINE WEST ANDREW LANCASTER For 62.51% 82.81% 91.68% Against 37.41% 17.11% 8.24% Open 0.08% 0.08% 0.08% Open Proxies held by Board 0.05% 0.05% 0.05% % defined as
Slide 19: Australia Belongs Here.
19 We shape culture by sparking conversations, challenging perspectives, and entertaining communities. We bring people together by celebrating the big occasions and connecting the everyday moments. Australia Belongs Here.
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