Gtn Ltd. · ASX:GTN
Gtn — Shareholder Meeting (November 2017)
22 slides from Gtn's shareholder meeting presentation, Nov 8, 2017
Slide 1: GTN Limited AGM Presentation November 2017
GTN Limited AGM Presentation November 2017
Slide 2: Contents
Contents 01 Chairman’s Address – Robert Loewenthal 4 02 CEO’s address – Bill Yde 5 03 Formal Business – Robert Loewenthal 14
Slide 3: Today's presenters
Today’s presenters Robert Loewenthal (Chairman) Bill Yde (Managing Director and CEO) 2
Slide 4: Our Board of Directors
Our Board of Directors Robert Loewenthal William Yde III (“Bill”) Mark Anderson David Ryan AO Chairman Managing Director and CEO Director Director — Over 10 years of experience in the — Over 33 years of experience in the — Over 15 years of experience in the — Over 40 years of experience in radio ind
Slide 5: Chairman's Address – Robert Loewenthal
Section 01 Chairman’s Address – Robert Loewenthal
Slide 6: CEO's address – Bill Yde
Section 02 CEO’s address – Bill Yde
Slide 7: FY2017 recap – Financial information
FY2017 recap – Financial information GTN’s FY2017 results exceeded Prospectus forecast excluding the impact of its USTN operations Key Highlights FY17 results (Ex-USTN) exceeded Prospectus forecast(1) FY17 FY17 FY17 FY17 Statutory FY17 Statutory — Adjusted EBITDA of $28.9 million ($48.9 million ex
Slide 8: FY2017 recap – Revenue drivers
FY2017 recap – Revenue drivers GTN group revenue (ex USTN) exceeded FY17 Prospectus forecast by $1.2m ( +0.7%) and grew by +7.5% on FY16 GTN revenue profile Commentary 213.6 Revenue result driven by growth across GTN’s original markets in local currency with Revenue Ex-USTN Australia, Brazil and C
Slide 9: FY2017 recap - Earnings drivers
FY2017 recap - Earnings drivers GTN group Adjusted EBITDA (ex USTN) exceeded FY17 Prospectus forecast by $3.2m (+7.0%). FY17 NPATA (ex USTN) was $32.5m, exceeding Prospectus forecast by ~$6.8m (+26.3%) GTN Adjusted EBITDA profile Commentary 60 Lower operating expenses due to foreign currency diffe
Slide 10: FY2017 recap – KPIs
FY2017 recap – KPIs GTN’s FY17 revenue result was underpinned by positive operating results across key geographies GTN operational KPIs (by geographic segment) FY2017 Actual FY2017 Prospectus vs. FY2016 vs. Prospectus Australia (ATN) Radio spots inventory ('000s)(1) 866 761 9.8% 13.8% Radio sell-out
Slide 11: Trading update – Revenue performance by segment through October 2017
Trading update – Revenue performance by segment through October 2017 GTN revenue increased 1.5% ex-USTN. Increase across all markets except United Kingdom. 2Q18 revenue currently pacing stronger than 1Q18. ATN revenue (A$m) CTN revenue (A$m) 31.2 9.7 30.8 9.5 YTD Oct 16 YTD Oct 17 YTD Oct 16 YTD Oct
Slide 12: United States (USTN)
United States (USTN) United States contributed Revenue of $23.6 million through October 2017 Commentary Progress against key priorities Revenue of $23.6m through October 2017 Increase audience — Revenue ramp slower than anticipated — Current weekly audience of 164m radio listeners — Revenue impa
Slide 13: GTN growth strategy and outlook for FY18
GTN growth strategy and outlook for FY18 GTN original markets continue to be very attractive: — Outstanding station affiliate line-ups with large audience reach — Effective, well-regarded product for advertisers — Highly skilled, experienced sales staff — Well run broadcast operations USTN has s
Slide 14: Formal Business – Robert Loewenthal
Section 03 Formal Business – Robert Loewenthal
Slide 15: Consideration of Reports
Consideration of Reports To receive and consider the Financial Report, the Directors’ Report and the Independent Auditor’s Report of the Company for the financial year ended 30 June 2017. 14
Slide 16: Questions and Comments
Questions and Comments 15
Slide 17: Resolution 1 – Election of Director – David Ryan AO
Resolution 1 – Election of Director – David Ryan AO To consider and, if thought fit, pass the following as an ordinary resolution of the Company: “That David Ryan AO, who retires in accordance with clause 10.3b(iv) of the Company’s Constitution and being eligible for election, is re-elected as a Dir
Slide 18: Resolution 2 – Remuneration Report
Resolution 2 – Remuneration Report To consider and, if thought fit, pass the following as a non-binding ordinary resolution of the Company: “That the Company’s Remuneration Report for the financial year ended 30 June 2017, as set out in the Directors’ Report, is adopted.” Proxies have been received
Slide 19: Resolution 3 – Increase in maximum aggregate remuneration of Non-Executive Directors
Resolution 3 – Increase in maximum aggregate remuneration of Non- Executive Directors To consider and, if thought fit, pass the following as an ordinary resolution of the Company: “That for the purposes of ASX Listing Rule 10.17 and in accordance with Clause 10.8 of the Company’s Constitution, the m
Slide 20: Appendix A – Reconciliation of financial information
Appendix A Reconciliation of financial information
Slide 21: Annual Pro Forma and Statutory Income Statement FY2013-FY2017A
Annual Pro Forma and Statutory Income Statement FY2013-FY2017A Pro Forma Historical Results for FY2013 – FY2017 Pro Forma Historical Results FY2017 Statutory Result FY2017A (ex- FY2017A FY2017A USTN FY2017F A$'000s FY2013 FY2014 FY2015 FY2016 USTN) Revenues 125,004 138,049 153,484 166,136 213,648 35
Slide 22: Disclaimer and important information
Disclaimer and important information 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. It should be read in co