Arn Media Limited · ASX:A1N
Arn Media — Shareholder Meeting (May 2026)
34 slides from Arn Media's shareholder meeting presentation, May 7, 2026
Slide 1: AGM Presentations & Trading Update
MARKET ANNOUNCEMENT AGM Presentations & Trading Update SYDNEY, Australia – Thursday 7 May 2026 – ARN Media Limited [ASX: A1N] provides the attached Annual General Meeting (AGM) Presentation & Trading Update along with the Chairman and CEO’s address to be presented at the Company’s 2026 AGM, to be he
Slide 2: Chairman Address
CHAIRMAN ADDRESS HAMISH MCLENNAN 2
Slide 3: Building a Business for the Future
BUILDING A BUSINESS FOR THE FUTURE. FOCUSSED ON LONG TERM VALUE CREATION. GLOBAL UNCERTAINTY CLEAR STRATEGY NEW LEADERSHIP IN PLACE Macro-economic headwinds Delivering sustainable digital Focussed on execution growth Challenging advertising markets Attracting world class talent with Strong operating
Slide 4: CEO Address
CEO ADDRESS MICHAEL STEPHENSON 4
Slide 5: Creating Strong Foundations
CREATING STRONG FOUNDATIONS. BUILDING A BUSINESS FOR A DIGITAL FUTURE. DISCIPLINED ACCELERATED IMPROVED DIGITAL REVENUE COST & CAPITAL MANAGEMENT1 BUSINESS TRANSFORMATION AND PROFITABILITY $24 million cost out delivered in FY25 Complete organisational re-design Digital revenue growth of 7% 2 OPEX re
Slide 6: FY25 Results
FY25 RESULTS. TRANSFORMATION AND PRODUCTIVITY SUPPORTING LOWER COST BASE FOR FUTURE GROWTH. • Total Audio revenue declined by 10%, impacted by a softer advertising market and Metro market REVENUE headwinds $285m • 10% of revenues now delivered from digital platforms • $24m cost out delivered in FY25
Slide 7: Disciplined Cost Management
DISCIPLINED COST MANAGEMENT. CONTINUED PRODUCTIVITY TO DELIVER ~ 55M In 4 YEARS, ENABLING FUTURE REVENUE & EPS GROWTH Already Delivered In Progress 54.7 48.2 Multi Year Cost Out & Productivity Program: Enabling 30.7 investment in data and digital 24.2 capability to drive revenue and EPS 17.5 growth.
Slide 8: FY25 Revenue
FY25 REVENUE. REGIONAL STRENGTH AND DIGITAL DIVERSIFICATION FY25 Continued FY24 Continued Var % A$ Million Operations Operations1 $% Change Metro 147.3 175.6 (28.3) (16%) Regional 110.5 115.8 (5.3) (5%) Digital 27.4 25.7 1.8 7% Revenue from ordinary activities 285.2 317.1 (31.9) (10%) 5.1 317.1 -2.6
Slide 9: FY25 EBITDA
FY25 EBITDA. COST-OUT EXECUTION FUNDING INVESTMENT AND OFFSETTING REVENUE DECLINE +24 (+39.2%) -17 (-19.9%) 24 86 -21 (-31%) (10) 69 (5) (2) 62 Investment in data, $24M cost out tech and digital delivered as a part capability to 48 of 4YR +$55M cost support digital (21) out Program transformation FY
Slide 10: Our Vision for the Future
OUR VISION FOR THE FUTURE MICHAEL STEPHENSON | CEO 10
Slide 11: ARN. An Entertainment Company.
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Slide 12: We Have a Clear Strategy
WE HAVE A CLEAR STRATEGY. MAXIMISING THE RETURN FROM THE CONTENT WE CREATE. AMBITION ARN. AN ENTERTAINMENT COMPANY. CREATE DISTRIBUTE AMPLIFY CONNECT STRATEGY GREAT CONTENT ACROSS EVERY PLATFORM ON SOCIAL WITH AUDIENCES AND ADVERTISERS AUDIO VIDEO SOCIAL LIVE DRIVERS ADVERTISING ADVERTISING MONETISA
Slide 13: Radio Is the Foundation
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Slide 14: Long-Term Strategic Partnership with iHeart
LONG-TERM STRATEGIC PARTNERSHIP WITH IHEART LONG TERM LICENSE AGREEMENT WITH NO CAPITAL EXPENDITURE. The world’s largest free Global development iHeart products. audio streaming platform. teams. 1,000+ 250,000+ Radio Stations Podcast Titles 450,000+ 100M+ Playlists Songs iHeart iHeart Global iHeart
Slide 15: Our Next Generation Data Technology Stack
OUR NEXT GENERATION DATA TECHNOLOGY STACK 5 MILLION REGISTERED USERS AND 800 CUSTOM AUDIENCE SEGMENTS. 5 MILLION 800 AUDIENCE AUDIENCE MATCH ACTIVATE SMARTER . REGISERED USERS SGMENTS WITH CLIENT DATA TARGETING Data Lakehouse REGISTERED CDP Reserved IO LISTENERS Radio Music Insights & intelligence P
Slide 16: Convergence of Audio and Video Creates a Growth Opportunity
THE CONVERGENCE OF AUDIO AND VIDEO CREATES A MATERIAL GROWTH OPPORTUNITY VIDEO PRODUCTION, DISTRIBUTION AND MONETISATION Use existing studio Live stream radio Vertical facilities and AI. shows and create video on video podcasts. iHeart in H1. Distribute video on ARN can now enter ARN video content o
Slide 17: Competing in High Growth Digital Markets
COMPETING IN HIGH GROWTH DIGITAL MARKETS. THE SHAPE OF OUR REVENUE WILL CHANGE . Video revenue Video streaming Social video Live radio streaming Live radio streaming Digital revenue Digital revenue 10% of revenue is digital 40% of audience is digital Live radio streaming Live radio streaming (3%) (1
Slide 18: Trading Outlook
TRADING OUTLOOK MICHAEL STEPHENSON | CEO 18
Slide 19: Trading Outlook
TRADING OUTLOOK. CONTINUTED COST MANAGEMENT AS REVENUE RECOVERS. • Global uncertainty, geo-politcal issues and inflationary pressure impacts advertising markets. • Total audio advertising market expected to be broadly flat in FY26, low- mid single digital declines in radio market, offset by growth i
Slide 20: Chairman's Address
ARN Media AGM Presentation: 7 May 2026 CHAIRMAN’S ADDRESS Good morning, ladies and gentlemen and welcome to the Annual General Meeting of ARN Media Limited. On behalf of the Board, I begin today by acknowledging the Traditional Custodians of the land on which we meet and their continuing connection
Slide 21: Chairman's Address (continued)
distribution are reshaping how audiences engage with content and how advertisers connect with them in an increasingly digital world. Despite the pace of change, broader macroeconomic headwinds and ongoing softness in the advertising market, the Board is encouraged by the progress we have made agains
Slide 22: Chairman's Address (continued)
Since 2018, the Board has made deliberate strategic choices to simplify the Group and to focus ARN on its strongest and most scalable platforms. This has involved exiting non-core activities. The final step in this process is the divestment of selected non-core assets, with Cody Hong Kong the last re
Slide 23: Chairman's Address (continued)
allows us to leverage the strength of a global entertainment powerhouse while preserving balance sheet flexibility and maintaining disciplined capital allocation. FY25 also marked an important leadership transition. On behalf of the Board, I thank Ciaran Davis for his significant contribution to ARN o
Slide 24: Chairman's Address: Legal Dispute
improving the quality and speed of decision-making and accelerating delivery across the business. The Board recognises its responsibility to guide the Company through periods of significant change with strong governance, disciplined decision-making and a clear long-term perspective. With that in mind
Slide 25: Chairman's Address (continued)
The matters arose after release of our results on 25 February 2026, so the matter was not required to be disclosed in the full year accounts for 2025. I would like to assure shareholders that the Board is committed to defending these claims and actively pursuing the cross-claims. As these matters ar
Slide 26: Chairman's Address (continued)
member of the ARN Media team for their ongoing focus, dedication and passion. Finally, to our shareholders, thank you for your trust and ongoing support. I am optimistic about the opportunities before us and confident in our ability to execute and deliver our strategic plan which will deliver long te
Slide 27: AGM Resolutions
• Re-election of Directors • The Remuneration Report • Approval of the Non Executive remuneration plan The Board is satisfied with management’s execution against the strategy during the year and remains focused on disciplined oversight and long-term value creation. I will now ask our CEO, Michael Ste
Slide 28: CEO's Address
CEO’S ADDRESS SLIDE 4 Thank you, Hamish and Good morning, everyone………… Today I’m going to share with you a summary of our full year results before taking the opportunity to share with you our vision for the future of our company. SLIDE 5 Last year we made a commitment to transform our company, to cr
Slide 29: CEO's Address: FY25 Result
SLIDE 6 Turning to our FY25 Result. Revenue was $285 million for the year … down 10% on the prior period … impacted by a softer advertising market and the impact of changing community and advertiser expectations. Operating costs were reduced by 4%, to $187 million with $24 million of costs being rem
Slide 30: CEO's Address: Revenue
As you can see on the slide behind me, Digital revenues grew by 7% for the period, with revenue from radio live streaming growing by 76%........ During the year…………Metro radio revenues declined by $28m. $6m can be attributed to a tough advertising market, the remaining $22m is related to clients who
Slide 31: CEO's Address: Vision
SLIDE 11 [ARN. AN ENTERTAINMENT COMPANY] At our upfronts in October, I shared our vision for the future of our business……….. to transition from a traditional radio business to an Entertainment company. A company focussed on the creation……..distribution…….. and monetisation of premium content…… SLIDE
Slide 32: CEO's Address: iHeart and Data
agreement…………….This agreement creates long term competitive advantage for ARN, giving us access to global development and product teams via a long-term license agreement………. without the capital cost. We are already leveraging iHeart’s commercial products and their global partnerships to accelerate i
Slide 33: CEO's Address: Video and Revenue Shape
Increased utilisation of existing studio capability and video technology enables video production at scale……… with no incremental cost. This strategy is expected to diversify revenue………..whilst improving the long-term monetisation of core audio assets. SLIDE 17 [THE SHAPE OF REVENUE WILL CHANGE] The
Slide 34: CEO's Address: Outlook and Thanks
Our H2 performance will be stronger than our H1 result as we cycle over the impact of transformation, brand safety concerns and impact of the Federal Election in April of last year We continue to be focussed on delivering $55m of cost out by FY27 and finalising the divestment of the Cody HK business.