Slide 1: GTN Limited 1H19 Results Presentation
For personal use only GTN Limited 1H19 Results Presentation 25 February 2019
Slide 2: Today's presenters
Today’s presenters For personal use only Bill Yde (CEO and founder) Scott Cody (CFO and COO) 1
Slide 3: Contents
For personal use only Contents 01 Overview 3 02 Group financial performance 6 03 Financial performance by operating segment 9 04 Update on growth strategy 14 A Additional financial information 18
Slide 4: Overview
For personal use only Section Overview 01
Slide 5: GTN's 1H FY19 results showed 2.3% revenue increase from continuing operations
Overview For personal use only GTN’s 1H FY19 results showed 2.3% revenue increase from continuing operations Key Highlights 1H19 revenue underpinned by growth in all non-Australian markets A$m(3) 1H19(1) 1H18(1) % Difference — All non-Australian markets reported revenue increase over 1H FY18 in lo
Slide 6: GTN's global advertising platform
GTN’s global advertising platform For personal use only GTN’s global advertising platform is a combination of established, market leading businesses and large new market opportunities ATN CTN UKTN BTN 1H FY2019 Revenue A$m 48.6 16.4 22.5 6.9 1H FY2018 Revenue A$m 50.1 15.3 19.9 6.9 1HFY19 vs 1HFY18
Slide 7: Group financial performance
For personal use only Section 02 Group financial performance
Slide 8: Key drivers of financial performance
Key drivers of financial performance For personal use only GTN achieved growth in revenue from continuing operations while earnings declined on higher costs Commentary GTN Group revenue(1) Revenue growth of 2.3% driven by: — Organic growth in all non-Australian markets in both local currency and A
Slide 9: Strong liquidity position
Strong liquidity position For personal use only Net debt (debt less cash balances) of $24.6 million. Total Gearing to Adjusted EBITDA of 0.54x Historical balance sheet (31 December 2018 & 30 June 2018) Summary cash flow (1) 31 December 2018 30 June 2018 1H FY19 1H FY18 Current Assets $’000 $’000 $Am
Slide 10: Financial performance by operating segment
For personal use only Section 03 Financial performance by operating segment
Slide 11: ATN
ATN For personal use only ATN revenue decreased in a challenging macro environment ATN revenue performance Commentary ATN revenue declined by 3.0% due to weak second quarter performance — Difficult macro market in Australia combined with key account losses 50.1 48.6 Significant increase in radio
Slide 12: CTN
CTN For personal use only CTN showed solid 1H19 revenue growth in CAD and AUD CTN revenue performance (AUD) CTN revenue performance (CAD) 15.6 16.4 15.1 15.3 1H18 1H19 1H18 1H19 Commentary CTN achieved 1H19 revenue growth in both CAD and AUD CTN KPIs — Currency fluctuations had positive impact on
Slide 13: UKTN
UKTN For personal use only UKTN revenue rebounded from 1H18 with significant growth in both GBP and AUD UKTN revenue performance (AUD) UKTN revenue performance (GBP) 22.5 12.6 19.9 11.8 1H18 1H19 1H18 1H19 UKTN KPIs Commentary UKTN revenue increased due to high sell through of existing 1H19 1H18 %
Slide 14: BTN
BTN For personal use only BTN achieved strong revenue growth of 13% in local currency which was almost completely offset by unfavourable currency fluctuations BTN revenue performance (AUD) BTN revenue performance (BRL) 19.4 6.9 6.9 17.2 1H18 1H19 1H18 1H19 Commentary Strong revenue growth in Brazi
Slide 15: Update on growth strategy
For personal use only Section 04 Update on growth strategy
Slide 16: GTN growth strategy
GTN growth strategy For personal use only Management is focused on accelerating revenue growth from all markets Australia —Commitment to managing sales staff and process to ensure ATN maximizes revenue in a difficult market and is well positioned when market conditions improve Brazil —Local manage
Slide 17: Capital Management
Capital Management For personal use only The Board announced on-market share buy-back on 25 February 2019 Initiating on-market share buy back as part of ongoing capital management —Up to 10% of outstanding shares (up to $20 million) for up to the next twelve months should the GTN stock price trade
Slide 18: Outlook
Outlook For personal use only Revenue for the beginning of 2H FY2019 is anticipated to be slightly up for January & February 2019 compared to last year Australia revenue anticipated to be flat for January/February 2019 —Reverses trend of 2Q FY2019 which was significantly down —1H 2019 Australia re
Slide 19: Appendix A: Additional financial information
For personal use only Appendix A Additional financial information
Slide 20: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS For personal use only EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax from continuing operations(2) ($m) 1 1H FY2019 1H FY2018 Profit before income tax from continuing operations 15.1 17.6 D
Slide 21: Disclaimer and important information
Disclaimer and important information For personal use only 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. I