Ooh Media Ltd · ASX:OML
Ooh Media — Shareholder Meeting (May 2023)
24 slides from Ooh Media's shareholder meeting presentation, May 11, 2023
Slide 1: 2023 Annual General Meeting – Presentation
oOh!media Limited ABN 69 602 195 380 11 May 2023 ASX Release 2023 ANNUAL GENERAL MEETING – PRESENTATION oOh!media Limited (ASX:OML) (oOh! or Company) attaches the presentation to be made at oOh!’s Annual General Meeting being held today. This announcement has been authorised for release to the ASX b
Slide 2: 2023 Annual General Meeting
2023 Annual General Meeting Thursday 11 May 2023
Slide 3: Chair's Address
Chair’s Address
Slide 4: CEO's Address
Chair’s Address CEO’s Address
Slide 5: Agenda
Agenda • CY22 Highlights • The Out Of Home media opportunity • oOh!media’s growth strategy • Current trading • Questions • Appendices
Slide 6: CY22 Highlights
CY22 Highlights
Slide 7: CY 2022 Highlights
CY 2022 Highlights Operating leverage delivering 64% growth in Adjusted Underlying EBITDA and 343% growth in Adjusted NPAT on the prior year Leveraged revenue growth to strong Adjusted NPAT KEY PERFORMANCE METRICS1 STATUTORY METRICS1 • Revenues of $592.6M (up 18% on the prior year) with Road and Ret
Slide 8: The Out of Home media opportunity
The Out of Home media opportunity
Slide 9: Australian OOH revenue - 9% CAGR projection to 2026
Australian OOH revenue - 9% CAGR projection to 20261 • Out Of Home captured 14.6% of the agency media spend for the quarter ended March 20232, up from OOH share of total media at record levels 13.7% in the last quarter of CY22, with long expected 16.0% structural swings to Out of Home from Televisio
Slide 10: oOh! is the largest OOH player in ANZ
oOh! is the largest OOH player in ANZ oOh! Revenue and Adjusted Underlying EBITDA2 profile 2022 Australian Agency1 revenue ($M) 700 160 Adjusted Underlying EBITDA ($M) 600 140 Other 120 500 Revenue ($M) 15% 100 400 80 300 VMO 60 3% oOh! 200 36% 40 Shopper 100 20 4% 0 0 Westfield 2014 2015 2016 2017
Slide 11: oOh!'s growth strategy
oOh!’s growth strategy
Slide 12: Lead Out of Home to a digital first future
1 3 Make it easier for our Lead Out of Home to customers to achieve a digital first future better outcomes 2 Capture audience attention in public spaces at scale 11
Slide 13: Lead Out of Home to a digital first future
Lead Out of Home to a digital first future • Appointment of Paul Sigaloff (ex head of Yahoo Asia Pacific) as Chief Revenue and Growth Officer, who will direct, guide and shape how we play in the digital marketplace • Announcement of new Programmatic Supply Side Platform partners, Hivestack and Vista
Slide 14: Capture audience attention in public spaces at scale
Capture audience attention in public spaces at scale Forging into new addressable revenue markets • oOh!dimensions will launch in H2, representing Australia's only truly national 3DAnamorphic offering, providing brands with a unique storytelling opportunity • Following our successful AFL campaign we
Slide 15: Make it easy for our customers to achieve better outcomes
Make it easy for our customers to achieve better outcomes • Launched new research study, How Aussies Move and How Kiwis Move, showing the strong desire to be outdoors and reclaiming weekends for socialisation. oOh!’s diverse portfolio of assets in metro, suburban and regional areas allows advertiser
Slide 16: Current trading
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Slide 17: Current trading
Current trading A challenging media environment but Out of Home still growing • Q1 revenues grew +3% on a statutory basis over Q1 2022 • Q1 historically the smallest quarter for revenue and earnings • oOh! took market share in 3 out of 4 Australian OMA categories in Q11 • Street revenue continues to
Slide 18: Appendices
Appendices
Slide 19: Q1: OML +3% revenue growth vs OMA +12%
Q1: OML +3% revenue growth vs OMA +12% Share loss in Roadside Other / Street furniture1 (Australia) predominantly resulted in underperformance vs OMA 1. Roadside Other category in the OMA predominantly consists of street furniture (impacted by City of Sydney launch in late Q3 2022) and external bus
Slide 20: OML Q1 vs Q2 pacing as of 7 May
OML Q1 vs Q2 pacing as of 7 May May 2022 final revenues already exceeded by +5% and expected to improve Q1 Feb pacing vs Q1 close1 Media Revenues booked as at 7 May 2 Q2 2022 30% 120% 25% 105% 25% 100% 90% 20% 79% 80% 15% 12% 60% 10% 5% 4% 5% 40% 0% 20% January February March -5% 0% -4% -4% April Ma
Slide 21: Revenue trends
Revenue trends May and June continuing to build – Government becoming less significant post Q1 FY22 7 May '23 Pacing vs 2022 Final H1 - May & June still building Q1 Top 10 Categories 2023 (Australia) 12.0 10.0 8.0 $M revenues ANZ $M 6.0 4.0 2.0 - Jan Feb Mar Apr May Jun 2023 Final 2022 Final 2023 -
Slide 22: Assumptions relating to Adjusted NPAT
Assumptions relating to Adjusted NPAT Relevant considerations for establishing Adjusted NPAT based on EBITDA estimates D&A, Interest and Tax • Total Depreciation and Amortisation charges expected to be similar to FY22 of $57m pre tax • Interest costs expected to be similar to FY22 of $8m pre tax, wi
Slide 23: Important notice and disclaimer
Important notice and disclaimer 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 as oOh!media Limited (oOh!media or oOh!) current at the date of the presentation, 10
Slide 24: Office locations
Sydney T +61 (2) 9927 5555 Level 2, 73 Miller Street North Sydney NSW 2060 Melbourne T +61 (3) 8598 0700 Level 3, 101 Moray Street South Melbourne VIC 3205 Brisbane T +61 (7)3620 2900 56 Doggett Street Newstead QLD 4006 Adelaide T +61(8)8367 3222 84 Frome Street Adelaide SA 5000 Perth T +61 (8)6160