Sky Network Television Ltd · NZX:SKT

Sky Network Television — Shareholder Meeting (October 2009)

22 slides from Sky Network Television's shareholder meeting presentation, Oct 29, 2009

1. Slide 1: Sky Network Television Annual General Meeting 2009

   For personal use only SKY NETWORK TELEVISION ANNUAL GENERAL MEETING 2009

2. Slide 2: CEO John Fellet

   For personal use only CEO JOHN FELLET

3. Slide 3: Subscribers

   Subscribers For personal use only 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 UHF Satellite Wholesale My SKY

4. Slide 4: Total Net Gain

   Total Net Gain For personal use only 48,102 42,566 43,941 37,365 30,326 2005 2006 2007 2008 2009

5. Slide 5: Total Net Gain: SKY Net Gain and Fatso

   Total Net Gain For personal use only 5,380 31,985 30,326 2008 2009 SKY Net Gain Fatso

6. Slide 6: Year to Date Net Gain

   Year to Date For personal use only Net Gain 7,048 6,895 Wk 17 2009 Wk 17 2010 SKY Net Gain

7. Slide 7: Moving Annual Churn

   1/06/2009 1/02/2009 1/10/2008 1/06/2008 1/02/2008 1/10/2007 Moving Annual Churn 1/06/2007 1/02/2007 1/10/2006 1/06/2006 1/02/2006 1/10/2005 1/06/2005 1/02/2005 1/10/2004 1/06/2004 1/02/2004 1/10/2003 1/06/2003 1/02/2003 1/10/2002 1/06/2002 1/02/2002 1/10/2001 1/06/2001 1/02/2001 1/10/2000 1/06/2000

8. Slide 8: Monthly Churn

   For personal use only 0.50% 1.00% 1.50% 2.00% 2.50% Ju l Au g Se p O 2008 ct N ov De c Ja n 2009 Fe b M ar Monthly Churn Ap r 2010 M ay Ju n

9. Slide 9: Total Revenue

   Total Revenue For personal use only $NZ million $659 $692 $619 $549 $492 2005 2006 2007 2008 2009 Note: 2005 restated for merger & IFRS, Prime included from 2006

10. Slide 10: Total ARPU

    Total ARPU For personal use only $64.00 $62.10 $60.50 $58.30 $56.86 2005 2006 2007 2008 2009

11. Slide 11: Additional Outlets

    Additional Outlets For personal use only 103,974 84,770 100,000 73,751 75,000 58,309 49,669 50,000 25,000 0 2005 2006 2007 2008 2009 UHF Satellte

12. Slide 12: My Sky Subscribers

    My Sky Subscribers For personal use only 150,000 125,000 100,000 75,000 50,000 25,000 0 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 My Sky My Sky Hdi

13. Slide 13: Sept Quarter ARPU

    Sept Quarter ARPU For personal use only $66.51 $63.18 2009 2010

14. Slide 14: Advertising Revenue

    Advertising Revenue For personal use only $NZ million $23 $27 $22 $7 $40 $41 $40 $36 $36 2005 2006 2007 2008 2009 Year End 30 June SKY PRIME Note: 2005 restated for merger & IFRS, Prime included from 2006

15. Slide 15: Total Television Market Advertising Revenue

    Total Television Market Advertising Revenue For personal use only % Year on Year 4% -2% -7% -10% -16% -18% Jun 08 Qtr Sep 08 Qtr Dec 08 Qtr Mar 09 Qtr Jun 09 Qtr Sep 09 Qtr

16. Slide 16: Viewer hours generated by subscriber

    For personal use only D ec 1000 1200 1400 0 200 400 600 800 -0 M 2 ar -0 3 Ju n- 0 Se 3 p- 03 D ec -0 M 3 ar -0 4 Ju n- 04 Se p- 04 D ec -0 M 4 ar -0 5 Sport Ju n- 0 Se 5 p- 05 D ec -0 M 5 ar -0 6 Ju n- 06 Se p- Movies 06 D ec Source: Nielsen TV Ratings, All New Zealanders 5+/SKY TV -0 M 6 ar -0 7 J

17. Slide 17: Programming Costs % Revenue

    Programming Costs For personal use only % Revenue 34% 33% 32% 33% 32% 2005 2006 2007 2008 2009 Note: 2005 restated for merger & IFRS, Prime included from 2006

18. Slide 18: Net Profit/(Loss)

    Net Profit/(Loss) For personal use only $NZ million $74.5 $97.7 $88.1 $77.9 $60.2 2005 2006 2007 2008 2009 Note: 2005 restated for merger & IFRS, Prime included from 2006

19. Slide 19: Profit bridge 2008 to 2009 layered costs

    For personal use only 2008 PROFIT Depreciation studio 2008 PROFIT Marketing SKY Depreciation studio HD Marketing SKY HD OSB Vans HD Upgrade OSB Vans HD Upgrade HD Linking contracts HD Linking contracts Transponder Transponder MYSKY Decoders Layered Costs MYSKY Decoders Profit PROFIT 2009 Profit 2009

20. Slide 20: 2009 Operating Cashflow and its use

    For personal use only 2009 Operating Cashflow 204 Depreciation 2009 Operating Cashflow studio Marketing SKY 60 HD Dividends OSB Vans HD 60 Upgrade HD Capex HD Linking contracts Transponder Use of Operating Cashflow 2009 Profit

21. Slide 21: 2009/10 Guidance

    2009/10 Guidance For personal use only Analyst Consensus Forecasts FY09a FY10 RANGE MEAN EBITDA 261 275 – 296 285 NPAT 88 92 - 105 99 Sky’s guidance is within a reasonable range of analyst’s current mean forecasts.

22. Slide 22: Sky Network Television Annual General Meeting 2009

    For personal use only SKY NETWORK TELEVISION ANNUAL GENERAL MEETING 2009

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