Arn Media Limited · ASX:A1N
Arn Media — Shareholder Meeting (May 2020)
16 slides from Arn Media's shareholder meeting presentation, May 7, 2020
Slide 1: 2020 Annual General Meeting
2020 Annual General Meeting 7th May 2020 HT&E Limited ABN 95 008 637 643
Slide 2: Chairman's Address
Chairman’s Address
Slide 3: Strong position during unprecedented times
Strong position during unprecedented times • ARN delivered a market leading ratings performance in 2019 and was the overall #1 metropolitan network in the country Strengthen core • Derisked the business by extending key talent contracts in Sydney and Melbourne business • Developing unique digital an
Slide 4: CEO's Address
CEO’s Address
Slide 5: Response to COVID-19
Response to COVID-19 • Health and well being of staff is our top priority • Business Continuity Plans working well – Broadcasts unaffected – All staff able to work remotely – Developing project plan for staged return to work • Cost control measures taken to date amount to largely non-repeat operatio
Slide 6: Radio listening since outbreak of COVID-19
Radio listening since outbreak of COVID-19 • Radio listeners are spending more time with radio throughout COVID-19 lockdown restrictions – Breakfast up 20 mins – Workday up 1 hr 37 mins – Drive up 18 mins • Increased listening extending across 7 day week – +1 hr 6 mins Mon-Fri – + 36 mins Sat-Sun •
Slide 7: Deliver on strategy during COVID-19
Deliver on strategy during COVID-19 ARN Dynamic Audio launched #1 National Network in Surveys 1 and 2, 2020 March 2020 – highest ever month on record: • 1.2m Monthly Active Users (+24%) Shake-Me Interactive Audio launched • Over 3m hours listening to ARN stations • Avg. 1,200 daily registrations (+3
Slide 8: Launch of digital products to strengthen commercial offering
Launch of digital products to strengthen commercial offering • ARN has launched a world-first dynamic advertising technology that • The next evolution in audio advertising – interactive ‘Shake Me’ delivers more personalised and measurable campaigns for advertisers – technology. on Radio. • ARN gives
Slide 9: Statutory Results
Statutory Results • Revenue from continuing operations down 7% HT&E Reported Result (excluding Adshel in 2018) • Challenging, cyclical ad market in Australia; Political unrest in Hong A$ million 2019 20181 % change % change Kong reported ex AASB 16 Revenue from continuing operations 252.7 271.8 (7%)
Slide 10: ARN
ARN • First year total ad market decline since 2012; radio share unchanged A$ million 2019 20181,2 % change at 8.6% Radio 208.4 222.3 (6%) • ARN Radio revenue down 6% in line with Radio market decline for Digital & Other 14.9 13.2 13% 2019 Total revenue 223.3 235.5 (5%) • Radio market back 2.4% in H
Slide 11: Focus on core business
Focus on core business CONTENT DISTRIBUTION COMMERCIALISATION • Radio listening continues to grow (+22% • iHeartRadio licence extended to 2036 • New commercial strategy launched in H2 last 10 years) • Integration and cross-promotion across • Winning share • ARN highest reach ever in 2020 – 5.4m plat
Slide 12: Radio talent key to ratings success
Radio talent key to ratings success #1 Reach Sydney Momentum #1 Share #1 Share #1 Share 25-54 #2 Share #1 Reach Melbourne #1 Share AM #1 Reach AM 1,048,000 building with record Brisbane Adelaide Perth FM breakfast show 1,085,000 Brisbane Adelaide Reach in Sydney #1 Breakfast in 2019* #1 Breakfast Sh
Slide 13: Hong Kong Outdoor - Cody
Hong Kong Outdoor - Cody • Strong first half; well ahead of PY % Local currency A$ million 2019 20181,2 change % change • H2 revenues materially impacted by protests Roadside2 16.6 20.7 (20%) (26%) - Tram shelters down 24% Transit 8.3 10.1 (19%) (24%) - Western Harbour Tunnel up 7%, minimal impact f
Slide 14: Corporate Costs
Corporate Costs • FY cost savings driven by post-Adshel team restructure and office A$ million 2019 2018 % change downsizing during 2019. Salary and wages 4.1 5.0 (18%) Incentives provided for 1.0 3.0 (65%) • Lower incentive costs reflect FY19 performance; majority of cost Board costs 0.8 0.8 0% att
Slide 15: Trading Update
Trading Update ARN • ARN remains the #1 metropolitan radio network in Australia, with ratings success in 2019 and the first two surveys of 2020 now delivering consistent commercial share gains. • During Q1 ARN (-7.2%) outperformed the broader metro radio market (-12.4%) and gained market share. • Q2
Slide 16: Disclaimer
Disclaimer HT&E Limited (HT&E) does not accept any liability to any person, organisation or company for any loss or damage suffered as a result of reliance on this document. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, and are subje