Townsquare Media, Inc. · NYSE:TSQ

Townsquare Media — Investor Presentation (January 2015)

13 slides from Townsquare Media's investor presentation, Jan 20, 2015

  1. Slide 1: Local Diversified Media January 2015 Investor Presentation

    Local Diversified Media January 2015 Investor Presentation

  2. Slide 2: Forward-Looking Statements

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Forward-Looking Statements 1 This presentation contains, and our other communications may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the S

  3. Slide 3: Introduction to Townsquare Media

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Introduction to Townsquare Media Unique “Live & Local” Content Townsquare Everywhere – Integrated Media and Entertainment Platform National Scale, Hyper-Local Focus Small and Mid-Sized Market Strategy Multiple Growth Drivers Tr

  4. Slide 4: 311/66 ~500 325+ Radio Stations/Markets Live Events (1) Local Websites 8%+ ~30% >100% 2014

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 311/66 ~500 325+ Radio Stations/Markets Live Events (1) Local Websites 8%+ ~30% >100% 2014 Pro Forma Revenue Growth (2) $384 - $385 million / $98 - $99 million Pro Forma 2014 Revenue / Adjusted EBITDA (3) Non-Spot Revenue 2014

  5. Slide 5: We view small & mid-sized markets as optimal locations to execute our strategy

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 We view small & mid-sized markets as optimal locations in which to execute our strategy  Favorable competitive landscape  Lower economic volatility  Limited focus from larger media players Quasi-captive audience  #1 or #2

  6. Slide 6: Lower Economic Volatility in Small and Mid-Sized Markets

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207  Lower Economic Volatility in Small and Mid-Sized Markets  #1 or #2 Revenue Market Share in 65 of our 66 Markets  Strong Relationships with Local and Regional Advertisers  60 markets are home to four year universities  15

  7. Slide 7: Attractive Radio Industry Fundamentals

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Attractive Radio Industry Fundamentals Terrestrial Radio Remains a Highly Relevant Medium for Local Advertisers Engaged audience base Terrestrial radio reached ~91% of American consumers weekly in 2014 (1) Listenership is stabl

  8. Slide 8: Live Events Overview and Competitive Advantage

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Music 17% Non-Music 83% Selected Live Event Franchises Types of Live Events TSQ’s Competitive Advantage Overview  ~500 live events across 66 markets in 2014 ‒ Up from <50 live events in 2010 ‒ <2 events per station, per year 

  9. Slide 9: Acquisition track record and growth strategy

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207  Solid track record of integrating acquisitions ̶ Expanded radio station portfolio from 60 to 311 by completing 11 transactions since May 2010  Executed >15 acquisitions in the live events and digital sectors  Focus on asset

  10. Slide 10: Management Team

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 With Townsquare Since Background Steven Price Chairman & Chief Executive Officer  Co-founder  Co-Founder and Managing Director of FiveWire Media Ventures (“FiveWire”)  Prior to co-founding FiveWire, Mr. Price was a Senior Ma

  11. Slide 11: Townsquare Media Financial Snapshot

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Townsquare Media Financial Snapshot $384-$385 million / $98-$99 million 2014 PF Revenue / PF Adjusted EBITDA(1) Attractive Growth Substantial Scale ~25-26% 2014 PF Adjusted EBITDA Margin(1) Rapidly Diversifying ~30% 2014 Non-Sp

  12. Slide 12: Earnings Highlights: Q4 Preliminary Results

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Earnings Highlights: Q4 Preliminary Results ($ in Millions) Note: Pro forma for all material transactions. Represents Adjusted EBITDA excluding duplicative and non-recurring corporate expenses, defined as Direct Profit less cor

  13. Slide 13: Pro Forma Balance Sheet and Ownership

    Color Scheme 28 86 45 255 0 0 124 188 222 242 150 3 85 181 144 0 115 207 Pro Forma Balance Sheet and Ownership  ~$39 million liquidity ̶ $15 million undrawn revolver and ~$24 million cash  Weighted average cost of debt of 7.8% ̶ Refinancing opportunity for 9.0% Senior Unsecured Notes at first call

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