Slide 1: GTN Limited 1H18 Results Presentation
For personal use only GTN Limited 1H18 Results Presentation 28 February 2018
Slide 2: Contents
For personal use only Contents 01 Overview 3 02 Group financial performance 6 03 Update on growth strategy and outlook 13 A Additional financial information 17
Slide 3: Today's presenters
Today’s presenters For personal use only Bill Yde (Managing Director and CEO) Scott Cody (CFO and COO) 2
Slide 4: Overview
For personal use only Section Overview 01
Slide 5: Key highlights
Key highlights For personal use only GTN achieved positive growth in revenue, NPAT and NPATA in its original geographies Overview of key 1H18 highlights 1H18 results Revenue growth achieved in most of GTN’s original geographies (in local Actual Actual Actual 1H18 currency and AUD) (m) % chg % chg
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 USTN Population m 23.5 35.5 64.5 206.1 350.1 Years of operation # 21 12 9 6 1 1H18 Revenue A$m 50.1
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 key financial metrics (revenue, NPAT, NPATA) in 1H18 (excl. USTN) Commentary GTN Group revenue Revenue growth of 40.4% driven by: 129.9 — Solid organic growth in GTN’s core operating geographies of +5.1% — Full half
Slide 9: ATN
ATN For personal use only ATN achieved strong revenue growth driven by an increase in spots inventory and spot rate ATN revenue performance Commentary ATN achieved revenue growth of 4.9% driven by: — An increase in available spots inventory — Increase in the radio spot rate 50.1 ARN radio affili
Slide 10: CTN
CTN For personal use only CTN achieved solid 1H18 revenue growth underpinned by more radio spots and higher spot rates CTN revenue performance Commentary CTN achieved 1H18 revenue growth while minimizing expense increases for the period 15.3 Revenue growth was due to growth in radio spot invento
Slide 11: UKTN
UKTN For personal use only UKTN revenue decreased in both GBP and AUD on lower sell-out UKTN revenue performance Commentary UKTN revenue decreased 5.4% (5.3% in local currency) primarily due to a slow start to the fiscal year which is reflected in the reduced sell-out rate for the period compared
Slide 12: BTN
BTN For personal use only BTN achieved strong revenue growth underpinned by an increase in spots inventory and sell- out rate BTN revenue performance Commentary Strong revenue growth in Brazil driven by: — Significant increase in available spots inventory — Improvement in sell-out rate 7.8 5.1 R
Slide 13: USTN
USTN For personal use only USTN contributed $36.8 million of revenue for 1H18 but generated large losses USTN revenue performance Commentary Network has been substantially built-out — ~3.5 million radio spots per annum — Audience in excess of 160 million radio listeners per week 36.8 Significant
Slide 14: Update on growth strategy and outlook
For personal use only Section 03 Update on growth strategy and outlook
Slide 15: GTN growth strategy – Australia/Brazil/Canada/United Kingdom
GTN growth strategy – Australia/Brazil/Canada/United Kingdom For personal use only Management are focused on capitalising on the strong growth outlook for our original markets Australia — Focus on continuing to out-pace the Australia media advertising market by continually educating advertisers as
Slide 16: U.S. expansion strategy has been more challenging than anticipated
U.S. expansion strategy has been more challenging than anticipated For personal use only Acquiring Radiate was the first step in executing GTN’s broader United States expansion strategy Two key priorities in maximising the US opportunity: Acquire Radiate A Increase audience Monetise the value of
Slide 17: United States Funding and Operational Considerations
United States Funding and Operational Considerations For personal use only As disclosed in the Annual General Meeting presentation, the Company has explored various financing alternatives to fund the capital requirements (primarily operating losses) of its United States operations. The Company h
Slide 18: Appendix A: Additional financial information
For personal use only Appendix A Additional financial information
Slide 19: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS For personal use only EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax 1H FY2018 1H FY2017 ($m) 1 Actual Actual Profit before income tax (32.4) 16.5 Impairment charge (21.7) - Depreciation an
Slide 20: 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