Slide 1: GTN Limited 1H17 Results Presentation
For personal use only GTN Limited 1H17 Results Presentation 28 February 2017
Slide 2: Contents
For personal use only Contents 01 Overview 3 02 Group financial performance 6 03 Update on growth strategy and outlook 14 A Additional financial information 17
Slide 3: Today's presenters
Today’s presenters For personal use only Bill Yde (Managing Director and CEO) Scott Cody (CFO and COO) 2
Slide 4: Overview
For personal use only Section Overview 01
Slide 5: Key highlights
Key highlights For personal use only GTN achieved positive revenue growth in each of its existing geographies while successfully completing the acquisition of Radiate Media Overview of key 1H17 highlights 1H17 results1 Revenue growth achieved in each of GTN’s core geographies (in local Actual Pro
Slide 6: GTN's global advertising platform
GTN’s global advertising platform For personal use only GTN’s global advertising platform is a combination of established, market leading businesses and large new market opportunities ATN CTN UKTN BTN USTN Population m 23.5 35.5 64.5 206.1 350.1 Years of operation # 20 11 8 5 1 Month FY 2016 Revenue
Slide 7: Group financial performance
For personal use only Section 02 Group financial performance
Slide 8: Key drivers of financial performance
Key drivers of financial performance For personal use only GTN achieved growth in all key financial metrics in 1H17 and is on track to deliver the FY17 forecast provided in the IPO prospectus (excl. USTN) Commentary GTN Group revenue Revenue growth of 12.3% driven by: 92.5 — Strong organic growth
Slide 9: ATN
ATN For personal use only ATN achieved strong revenue growth driven by an increase in spots inventory and spot rate ATN revenue performance Commentary ATN achieved revenue growth of 8.2% driven by: — An increase in available spots inventory — Increase in the radio spot rate 47.8 44.1 DMG and ARN
Slide 10: CTN
CTN For personal use only CTN achieved strong 1H17 revenue growth underpinned by improvements across all KPIs CTN revenue performance Commentary CTN achieved strong 1H17 revenue growth as it was able to monetize the enhancements to the network in the previous periods Revenue growth was underpinn
Slide 11: UKTN
UKTN For personal use only UKTN achieved 6.6% growth in local currency terms versus the previous comparable period, however was impacted by adverse movements in the GBP UKTN revenue performance Commentary UKTN revenue increased 6.6% in local currency terms, however was impacted by adverse movement
Slide 12: BTN
BTN For personal use only BTN achieved strong revenue growth underpinned by an increase in spots inventory and sell- out rate BTN revenue performance Commentary Strong revenue growth in Brazil driven by: — Significant increase in available spots inventory — Improvement in sell-out rate 5.1 Reven
Slide 13: USTN
USTN For personal use only USTN contributed one month of revenue to the 1H17 result following completion of the Radiate acquisition in December 2016 USTN revenue performance Commentary GTN closed the acquisition of Radiate Media in December 2016 and has realised one month of revenue from USTN — Re
Slide 14: Strong cash flow generation
Strong cash flow generation For personal use only GTN has maintained a strong liquidity position with net debt of $3.4 million including cash balances of $96.6 million Summary pro forma cash flow Commentary 1H17 1H16 GTN is focused on maintaining a strong liquidity position to support its growth A
Slide 15: Update on growth strategy and outlook
For personal use only Section 03 Update on growth strategy and outlook
Slide 16: Outlook for FY17
Outlook for FY17 For personal use only GTN is focused on executing its growth strategy in each jurisdiction, including the U.S. following the acquisition of Radiate Media Outlook for FY17 GTN reaffirms the FY17 forecast as per its IPO Prospectus excluding any impact of the Radiate Media acquisitio
Slide 17: U.S. expansion strategy
U.S. expansion strategy For personal use only Acquiring Radiate was the first step in executing GTN’s broader United States expansion strategy Two key priorities in maximising the US opportunity: A Increase audience Monetise the value of an enlarged network created via addition of CBS and other
Slide 18: Appendix A: Additional financial information
For personal use only Appendix A Additional financial information
Slide 19: Reconciliation of pro forma to statutory results
Reconciliation of pro forma to statutory results For personal use only Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax 1H FY2017 1H FY2016 ($m) Actual Pro Forma Profit before income tax 16.5 1.7 Depreciation and amortization (4.7) (11.9) Finance costs (2.7) (2.0) Interest on
Slide 20: Reconciliation of pro forma to statutory results
Reconciliation of pro forma to statutory results For personal use only Pro forma adjustments to the Statutory NPAT 1H FY 2016 ($m) Actual Statutory NPAT (7.0) IPO transaction costs expensed 1.1 Public company costs (0.4) Net interest adjustment 0.9 Unrealised foreign exchange (gains)/losses 7.5 Offe
Slide 21: Disclaimer and important information
Disclaimer and important information For personal use only 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. I