Slide 1: Half Year Results Presentation (ASX Release)
oOh!media Limited ABN 69 602 195 380 17 August 2026 ASX Release HALF YEAR RESULTS PRESENTATION oOh!media Limited (ASX:OML) (oOh!) attaches its 2026 Half Year presentation. This announcement has been authorised for release to the ASX by the Chief Executive Officer. *** Investor contacts Media contact
Slide 2: oOh!media 1H26 Results
ANZ’s #1 Out of Home company oOh!media 1H26 Results 17 August 2026
Slide 3: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander People.
Slide 4: Agenda
Agenda 1. 1H Overview 2. The power of Out of Home 3. Operational highlights 4. Financials James Taylor Chris Roberts 5. Outlook (CEO) (CFO) 6. Questions 3.
Slide 5: 1H26 Overview
1H26 Overview Scheme Implementation Agreement with I Squared for $1.70 1 • 100% premium to the undisturbed pre bid share price a strong endorsement of the company and management’s plans Out of Home (OOH) structural growth continues • Grew 6.3% in 1H26, again outpacing the broader media market2 • Rec
Slide 6: The power of Out of Home
The power of Out of Home Structural tailwinds continue driving strong growth in Out of Home (OOH) advertising, capturing a record 16.9% share of agency media for the 12 months ended June 30 20261 Out of Home continues to grow category share 25% • Fastest growing major media sector2 outpacing Televis
Slide 7: Operational highlights
Operational highlights
Slide 8: 1H26 operational highlights
1H26 operational highlights Growth platforms delivered Strategic execution Portfolio reshaped • The new MOVE audience • Operational excellence • Exited the reo business on measurement system live in March program delivered more than 30 June 2026, delivering 2026, lifting buying confidence $10m in an
Slide 9: Financials
Financials
Slide 10: 1H26 key financials
1H26 key financials Group revenue up 1% with earnings reflecting fixed rent investment ahead of revenue contribution KEY PERFORMANCE REPORTED METRICS VS PCP1 METRICS VS PCP1 Revenue Gross Profit 1% 1% $340.9m $228.0m Adjusted Gross Margin2 Opex (4.3ppts) 11% 37.5% $81.3m Adjusted Underlying EBITDA E
Slide 11: Australian revenue up 6%
Australian revenue up 6% Group revenue up 1%, with Australia offset by New Zealand oOh! delivered Australian revenue growth in line with the market in 1H26 • Billboards declined 2% to $117.5 million. The format most exposed to the softer % vs macro environment, with weaker advertiser demand across b
Slide 12: Adjusted underlying gross profit
Adjusted underlying gross profit Fixed rent from new tent pole contracts weighed on gross margin as new contract rents came ahead of their network benefit Rent from new contracts is the primary margin driver with 17.0 organic base facing competitive headwinds in a softer market • $21.5 million of in
Slide 13: Adjusted underlying earnings
Adjusted underlying earnings ADJUSTED P&L1 ($M) 1H26 1H25 Change2 1H26 margin pressure reflects step up in rents to Revenue 340.9 336.2 4.7 acquire tent pole leases and adverse product mix Cost of media sites and production (213.1) (195.6) (17.5) Gross profit 127.8 140.6 (12.8) • Gross margin decrea
Slide 14: Cashflow
Cashflow Cash flows1 ($M) 1H26 1H25 Change2 Significant operating cash flow conversion improvement Adjusted EBITDA 40.8 62.2 (21.4) • Strong cash conversion despite lower earnings, with operating cash flow Change in working capital 21.5 8.0 13.5 representing 98.1% of Adjusted EBITDA, up 21.1 percent
Slide 15: Outlook
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Slide 16: Outlook
Outlook • Australia 3Q26 media revenue pacing at +14% with Group +9% impacted by NZ • Over 100% of 3Q25 closing revenues already booked in Australia • Out of Home is expected to continue taking revenue share from other media sectors • CY26 capex is expected to be between $40 million and $50 million
Slide 17: Questions & Answers
Questions & Answers
Slide 18: Appendix
Appendix unmissable
Slide 19: Reported Profit & Loss
Reported Profit & Loss Reported P&L ($M) 1H26 1H25 Change • Reported gross profit margin of 66.9% was Revenue 340.9 336.2 4.7 down marginally by 0.2 ppts Cost of media sites and production (112.9) (110.6) (2.3) • Statutory EBITDA margin decreased 2.3 ppts Gross profit 228.0 225.6 2.4 to 43.2%. Gross
Slide 20: Balance Sheet
Balance Sheet Financial position remains strong with gearing of 1.0x, within target • Balance sheet strength with gearing at 1.0x within the target of 1.0x or less. Balance Sheet1 ($m) Jun-26 Dec-25 Change • Right of use assets and liabilities have Cash and cash equivalents 34.5 18.3 16.3 increased
Slide 21: Revenue
Revenue Growth driven by new contracts Transurban, Melbourne Metro Tunnel & Waverley Revenue increased by $4.7 million to $340.9 million Growth from new contracts more than offsets the $Millions impact of the New Zealand contract reset. Australia 0.6 0.6 1.7 • Billboards declined by $2.7 million. Tr
Slide 22: Adjusted operating expense bridge
Adjusted operating expense bridge $Millions 6.9 86.7 2.7 79.9 79.1 (1.8) (0.1) 1H25 CPI Performance Other 1H26 Underlying Non-Operating 1H26 related costs Items Differences in balances due to rounding 21.
Slide 23: Non-operating items
Non-operating items $Millions 0.8 7.4 0.5 1.4 4.1 0.5 Operational excellence Operational excellence Legacy systems Reo Cost associated with possible Non Operating items COGS Opex change of control transaction Differences in balances due to rounding Notes • Operational excellence costs of $0.5 millio
Slide 24: Reported NPAT to Adjusted NPAT reconciliation
Reported NPAT to Adjusted NPAT reconciliation Reported NPAT to Adjusted NPAT rec ($million) 1H26 1H25 Change Statutory NPAT (1.2) (11.3) 10.1 Less: AASB16 income and expense items Lease modification income (0.2) (0.1) (0.2) Fixed lease obligations (106.2) (90.8) (15.4) Depreciation 83.5 70.4 13.1 In
Slide 25: Adjusted vs reported results reconciliation
Adjusted vs reported results reconciliation • Revenue unaffected by AASB16 Adjusted vs Reported results rec 1H26 Adjusted 1H26 Reported Change ($million) • COGS reduced by $100.2 million due to the element of fixed rent not Revenue 340.9 340.9 0.0 captured in COGS under AASB16. These are recognised
Slide 26: Advertising category performance – SMI
Advertising category performance – SMI 1 SMI Agency Spend 1H26 Pacing vs 1H25 H126 SMI category share for Out of Home (20.0%) (10.0%) - 10.0% 20.0% 30.0% 40.0% 50.0% Retail Retail Insurance 9% Automotive Brand 7% Food, Produce & Dairy Automotive Brand Banking 40% 7% Government Restaurants Government
Slide 27: Financial information notice
Financial information notice oOh!’s Financial Statements for the interim period ended 30 June 2026 presented in accordance with Australian Accounting Standards. oOh!media has also chosen to include certain non-IFRS financial information. This information has been included to allow investors to relat
Slide 28: Financial information notice
Financial information notice This document is a presentation of general background information about the activities of Forward looking statements are provided as a general guide only, and should not be relied on oOh!media Limited (oOh!media or oOh!) current at the date of the presentation, 17 as an
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