Nine Entertainment Co. Holdings Limited · ASX:NEC
Nine Entertainment — Shareholder Meeting (November 2018)
23 slides from Nine Entertainment's shareholder meeting presentation, Nov 14, 2018
Slide 1: Annual General Meeting November 2018
ANNUAL GENERAL MEETING NOVEMBER 14 - 2018
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer of its businesses. Forward looking statements can achievement or reasonableness of any forward looking This document is a presentation of general generally be identified by the use of forward looking statements, forecast financial information or other background infor
Slide 3: Chairman's Address
C H AI R M AN ’ S AD D R E S S Peter Costello, AC 3
Slide 4: CEO Address
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Slide 5: Momentum Across All Businesses
MOMENTUM ACROSS ALL BUSINESSES Group Group EBITDA DPS Net Debt Revenue +25% to 10.0 CPS $121m +6% $257m $M FY18 FY17 VARIANCE Revenue1 1,318.2 1,237.8 +6% Group EBITDA1 257.2 205.6 +25% EBIT1 220.5 170.3 +29% Net Profit After Tax 1 156.7 123.6 +27% Statutory Net Profit/(Loss) 209.7 (203.4) Nm Basic
Slide 6: Improvement Across the Board
IMPROVEMENT ACROSS THE BOARD $M FY18 FY17 VARIANCE Television Revenue Television 1,152.4 1,080.4 +7% Revenue up 7% • Metro FTA market up 2.5% • 38.6% share of Metro FTA market, +2.9pts Digital 165.8 154.7 +7% • 23% growth in premium revenues Corporate 0.0 2.7 - Costs up 1% • Adjusted for spectrum fe
Slide 7: Stan. Subscribers at 1.2m
STAN. SUBSCRIBERS AT 1.2M • Australia’s leading local SVOD player, with c1.2m active subscribers • Revenue growth of 72%, to $97m in FY18, with costs up 23% • Built a business of scale in a new category in just three years, driven by a competitive content line-up • Strategic partnerships with studio
Slide 8: INE
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Slide 9: Combined Nine / Fairfax: Leading Media Brands, Scale and Digital Businesses
A COMBINED NINE / FAIRFAX WILL HAVE LEADING MEDIA BRANDS, SCALE AND A PORTFOLIO OF HIGH GROWTH DIGITAL BUSINESSES LARGE SCALE BRANDS IN DIGITAL AND PUBLISHING ADVERTISING AND DATA REVENUE DRIVING MASS AUDIENCE LEADING TELEVISION AND RADIO BROADCASTERS DESTINATION FOR PROPERTY CLASSIFIEDS, HOME OWNER
Slide 10: Four Principal Business Units
FOUR PRINCIPAL BUSINESS UNITS Broadcasting Domain On Demand Publishing • Re-positioned TV • Significant opportunity • Two early cycle growth • Reaches 8.1m business with earnings given market share and assets – 9Now and Stan. Australians each day momentum current state-based with annual revenue of e
Slide 11: Formal Business
F O R M AL BUSINESS 11
Slide 12: Item 1. Financial Report
ITEM 1. FINANCIAL REPORT To receive and consider the Financial Report of the Company for the year ended 30 June 2018, 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 ANNUAL MEETING NOVEMBER 201
Slide 13: Resolution 1. Adoption of the Remuneration Report
RESOLUTION 1. ADOPTION OF THE REMUNERATON REPORT To consider and, if thought fit, pass the Resolution as a non-binding resolution: “To adopt the Remuneration Report for the year ended 30 June 2018 as set out in the Annual Report.” Notes: The Board recommends that shareholders vote IN FAVOUR of Resol
Slide 14: Resolution 1. Adoption of the Remuneration Report
RESOLUTION 1. ADOPTION OF THE REMUNERATON REPORT Proxy Count Number Percentage For 609,593,388 99.69% Against 1,701,126 0.28% Open 208,065 0.03% Open Proxies held by Board 176,885 0.03% 14 % defined as % of Total Valid Available Votes, total may not add due to rounding ANNUAL MEETING NOVEMBER 2018
Slide 15: Resolution 2. Re-election of Ms Catherine West as a Director
RESOLUTION 2. 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 Ms Catherine West, who retires in accordance with clause 26.10 of the Constitution and offers herself for re-election, as a Director.” Note: The B
Slide 16: Resolution 2. Re-election of Ms Catherine West as a Director
RESOLUTION 2. RE-ELECTION OF MS CATHERINE WEST AS A DIRECTOR Proxy Count Number Percentage For 610,572,865 99.80% Against 1,027,970 0.17% Open 216,524 0.04% Open Proxies held by Board 185,344 0.03% % defined as % of Total Valid Available Votes, total may not add due to rounding ANNUAL MEETING NOVEMB
Slide 17: Resolution 3. Grant of 2019 Performance Rights to the CEO
RESOLUTION 3. GRANT OF 2019 PERFORMANCE RIGHTS TO THE CEO To consider and, if thought fit, pass the Resolution as an ordinary resolution: “To approve for all purposes the grant of 584,795 performance rights to the Chief Executive Officer, Mr Hugh Marks, as described in the Explanatory Statement.’” N
Slide 18: Resolution 3. Grant of 2019 Performance Rights to the CEO
RESOLUTION 3. GRANT OF 2019 PERFORMANCE RIGHTS TO THE CEO Proxy Count Number Percentage For 609,613,300 99.64% Against 2,005,340 0.33% Open 207,578 0.03% Open Proxies held by Board 176,398 0.03% % defined as % of Total Valid Available Votes, total may not add due to rounding ANNUAL MEETING NOVEMBER
Slide 19: Resolution 4. Grant of Financial Assistance by Fairfax Media and Pedestrian Group
RESOLUTION 4. GRANT OF FINANCIAL ASSISTANCE BY FAIRFAX MEDIA AND PEDESTRIAN GROUP To consider and, if thought fit, pass the Resolution as a special resolution: “That, for the purpose of section 260B(2) of the Corporations Act and for all other purposes, the Company approves the grant of financial as
Slide 20: Resolution 4. Grant of Financial Assistance by Fairfax Media and Pedestrian Group
RESOLUTION 4. GRANT OF FINANCIAL ASSISTANCE BY FAIRFAX MEDIA AND PEDESTRIAN GROUP Proxy Count Number Percentage For 611,128,164 99.92% Against 256,706 0.04% Open 246,004 0.04% Open Proxies held by Board 214,824 0.04% % defined as % of Total Valid Available Votes, total may not add due to rounding AN
Slide 21: Summary of Proxy Positions
SUMMARY OF PROXY POSITIONS Resolution 1 Resolution 2 Resolution 3 Resolution 4 Proxy Count Remuneration Report Catherine West 2019 Perf. Rights Financial assistance For 99.69% 99.80% 99.64% 99.92% Against 0.28% 0.17% 0.33% 0.04% Open 0.03% 0.04% 0.03% 0.04% Open Proxies held by Board 0.03% 0.03% 0.0
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