NZME Limited · NZX:NZM
NZME — Shareholder Meeting (April 2021)
33 slides from NZME's shareholder meeting presentation, Apr 16, 2021
Slide 1: NZME Annual Shareholders' Meeting
NEW ZEALAND Ky © MEDIA AND a NZME ANNUAL SHAREHOLDERS’ MEETING ‘
Slide 2: Welcome - Barbara Chapman, Independent Chairman
: z= WELCOME BARBARA CHAPMAN INDEPENDENT CHAIRMAN Al
Slide 3: Agenda
For personal use only Chairman’s Address: Building Shareholder Value CEO’s Address: Delivering on our Strategy Ordinary Resolutions 1 Re-election of Director – Carol Campbell 2 Re-election of Director – David Gibson 3 Election of Director – Guy Horrocks 4 Auditor’s Remuneration General Business and
Slide 4: Barbara Chapman, Independent Chairman
'— BARBARA _ ‘ CHAPMAN INDEPENDENT CHAIRMAN a
Slide 5: Chairman's Address: Building Shareholder Value
Chairman’s Address: Building Shareholder Value For personal use only 1 2023 Guiding Principles 2 2023 Strategy 3 Strong Capital Management 4 Dividend Policy 5 Strengthening the Board 6 Growing Shareholder Engagement 7 Sustainability Commitment 6
Slide 6: 2023 Strategy
For personal use only 1 Customer First 2 Win with Quality 3 Digital Acceleration 4 Audience Expansion 5 Top Performer 7
Slide 7: OneRoof - Your Complete Property Destination
fj yy a OneRoof YOUR COMPLETE PROPERTY DESTINATION NEW ZEALAND’S HERALD
Slide 8: Strong Capital Management
For personal use only • Target Leverage Ratio of 0.5 to 1.0 times rolling 12 month EBITDA1(pre NZ IFRS 16). • Our strategy does not require significant future investment. • However, if an appropriate acquisition was identified that would accelerate growth and add shareholder value the Board would co
Slide 9: Dividend Policy
Dividend Policy For personal use only Dividend Policy NZME intends to pay dividends of 30-50% of Free Cash Flow subject to being within its target leverage ratio and having regard to NZME's capital requirements, operating performance and financial position. Target Leverage Ratio of 0.5 to 1.0 times
Slide 10: Strengthening the Board
STRENGTHENING THE BOARD Barbara Chapman Carol Campbell David Gibson Independent Chairman Independent Director Independent Director @ Guy Horrocks Sussan Turner Independent Director Independent Director
Slide 11: Growing Shareholder Engagement
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Slide 12: Sustainability Commitment
RESPONSIBLE REPORTING AND 3 BROADCASTING NZME provided a balanced reporting platform keeping Kiwis in the know as Covid-19 swept the globe and directly impacted New Zealanders. CONNECTING COMMUNITIES During Covid-19's impact NZME’s Go NZI campaign across Go, newspapers, websites and radio NZ! networ
Slide 13: Barbara Chapman, Independent Chairman
'— BARBARA _ ‘ CHAPMAN INDEPENDENT CHAIRMAN a
Slide 14: Chief Executive Officer
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Slide 15: NZME at a glance: print, digital and audio brands
For personal use only 32 print publications 9 audio brands #1 Daily newspaper in NZ1 #1 25-54 year-old breakfast show in NZ2* Now over 102,000 digital NZ’s #1 radio station and subscribers favourite breakfast talk show2 17 websites 89% of residential for-sale NZ’s #1 digital news provider3 listings
Slide 16: 2020 highlights
For personal use only • Earnings growth achieved through delivery of strategic priorities and swift action in response to Covid-19: • Year-on-year growth in radio advertising revenue market share1 and iHeartRadio listening. • Growth of NZ Herald Premium with 102,000 subscribers – more than 53,000 pa
Slide 17: OneRoof - Your Complete Property Destination
fj yy a OneRoof YOUR COMPLETE PROPERTY DESTINATION NEW ZEALAND’S HERALD
Slide 18: Audio revenue and EBITDA growth
For personal use only 1. GfK Radio Audience Measurement, Commercial Stations, NZME Ongoing revenue market share growth is currently delivering on excl. Partners, Market Share %, S4 2020, AP10+. 2. PwC Radio advertising market benchmark report, 12 months to our annual growth target. 31 December 2020
Slide 19: Publishing: NZ Herald Premium subscriber growth
For personal use only Strong growth in NZ Herald Premium with over 110,000 subscribers 1. Stats.govt.nz Dwelling and household estimates: December 2020 accessing the service, including over 60,000 paying digital 2. quarter. EBITDA: Earnings Before Interest, Taxes, Depreciation and subscribers 20 Amo
Slide 20: OneRoof digital platform growth
For personal use only 1. OneRoof’s listings as a percentage of residential for-sale real estate listings on trademe.co.nz. OneRoof Digital platform has achieved year on year revenue growth 2. Nielsen Online Ratings, December 2020 items. 3. EBITDA: Earnings Before Interest, Taxes, Depreciation and of
Slide 21: Leadership team
Michael Boggs Wendy Palmer Laura Maxwell David Mackrell Matthew Wilson Paul Hancox Paul Maher Allison Whitney Shayne Currie Katie Mills
Slide 22: Multinational Digital Media Platforms
Multinational Digital Media Platforms For personal use only • Large multinational digital media platforms must fairly compensate New Zealand based news media for the content they currently access for free and then monetise. • However, meaningful engagement is usually only experienced when government
Slide 23: 2021 Trading Update
2021 Trading Update For personal use only • There was a solid improvement in advertiser spend at the end of last year with a tangible lift in business confidence. • The global economic reality remains one of some uncertainty, with the ongoing effects of Covid-19 impacting market dynamics, and busine
Slide 24: Chief Executive Officer
~” CHIEF EXECUTIVE OFFICER ) AJUO SSN [CUOSTBGh05}
Slide 25: For personal use only
For personal use only 27
Slide 26: Resolution 1: Re-election of Carol Campbell
For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Carol Campbell It is hereby resolved, as an ordinary resolution, that Carol Campbell, who retires by rotation and is eligible for re-election, be re- elected as a Director of NZME. 28
Slide 27: Resolution 2: Re-election of David Gibson
For personal use only To consider and, if thought fit, to pass the following ordinary resolution: David Gibson It is hereby resolved, as an ordinary resolution, that David Gibson, who retires by rotation and is eligible for re-election, be re- elected as a Director of NZME. 29
Slide 28: Resolution 3: Election of Guy Horrocks
For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Guy Horrocks It is hereby resolved, as an ordinary resolution, that Guy Horrocks, who was appointed as a director by the Board after the last Annual Shareholders’ Meeting with effect from 8 February 202
Slide 29: Resolution 4: Auditor's Remuneration
For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Auditor’s Remuneration It is hereby resolved, as an ordinary resolution, that the Directors of NZME are authorised to fix the auditor’s remuneration. 31
Slide 30: For personal use only
For personal use only 32
Slide 31: NZME brands
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Slide 32: NZME Annual Shareholders' Meeting
NEW ZEALAND Ky © MEDIA AND a NZME ANNUAL SHAREHOLDERS’ MEETING ‘
Slide 33: Disclaimer
The information in this presentation is of a general nature and does not constitute financial product advice, investment advice, legal, financial, tax or any other recommendation or advice. This presentation constitutes summary information only, For personal use only and you should not rely on it in