Gtn Ltd. · ASX:GTN
Gtn — Wilsons Rapid Insights Conference 2022
22 slides from Gtn's conference presentation, Nov 17, 2022
Slide 1: GTN Limited Wilsons Rapid Insights Conference 2022 Presentation
For personal use only GTN Limited Wilsons Rapid Insights Conference 2022 Presentation November 2022
Slide 2: Today's presenter
Today’s presenter For personal use only Bill Yde (Managing Director and CEO) ⚫ Over 40 years of experience in the radio and media industry ⚫ Co-founded The Australia Traffic Network (“ATN”) in 1997, later co-founding GTN and has served as Chief Executive Officer and President since its inception in
Slide 3: Section 01: Overview of GTN
For personal use only Section 01 Overview of GTN
Slide 4: 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 newer market opportunities ATN CTN UKTN BTN FY2022 Revenue A$m 78.1 26.8 46.0 9.2 FY2021 Revenue A$m 68.5 24.2 44.4 6.2 FY22 vs FY21 14.0% 10
Slide 5: A unique business model
A unique business model For personal use only GTN’s unique business model seeks to provide value for both broadcasters and advertisers. GTN has successfully replicated this model in all of its current operating jurisdictions Broadcasters Advertisers Core value proposition ⚫ Generates real time conte
Slide 6: Value for advertisers
Value for advertisers For personal use only Platform enables advertisers to make a single, cost effective, high impact advertising buy with broad reach Large platform and effective format designed to maximise advertisers’ ROI 1 2 3 Broad reach, covering a large number of High audience engagement Del
Slide 7: Embedded within broadcasters' business models
Embedded within broadcasters’ business models For personal use only GTN becomes embedded in broadcasters’ operations, particularly by converting a cost centre into a profit centre, demonstrated by long-standing relationships with a large number of Affiliates Strong value proposition to Established p
Slide 8: GTN business model
GTN business model For personal use only GTN has demonstrated (in multiple geographies) the ability to achieve revenue growth and margin improvement once a national platform is established, whilst maintaining a relatively constant cost base Revenue Spots Sold Net Spot Rate Operating expenses Network
Slide 9: GTN growth cycle: Revenue follows audience
GTN growth cycle: Revenue follows audience For personal use only Additional affiliates typically result in a net cost to the business until additional inventory is monetised Phase 1: Expand affiliate network & audience Phase 2: Monetise network ⚫ Sell additional inventory ⚫ Increase yield by leverag
Slide 10: GTN provides radio audiences far in excess of any radio station
GTN provides radio audiences far in excess of any radio station For personal use only Examples from the largest GTN markets in Australia and Canada Toronto – Average Weekly Cume Sydney – Cume Audience % ATN SYD 84.6 CTN - Toronto 2,814,721 KIIS1065 22.6 CHFIFM 832,789 16.6 smoothfm 95.3 CHUMFM 751,0
Slide 11: Section: Recap on the FY22 Results
For personal use only Section 02 Recap on the FY22 Results
Slide 12: Overview
Overview For personal use only GTN’s FY22 Adjusted EBITDA increased 22% compared to FY21 due to 12% increase in Group revenue Key Highlights ⚫ FY22 revenue increased 12% compared to FY21 • Revenue increased in all four of Group’s markets A$m(4) FY22 FY21 % Difference • Revenue increased in both loca
Slide 13: Key drivers of financial performance
Key drivers of financial performance For personal use only Adjusted EBITDA increased 22% to $17.1m due to 12% revenue increase Commentary GTN Group revenue ⚫ Revenue increased 12% compared to FY21 +11.7% GTN • Revenue increase driven by strong performance across all markets • Revenue increased in bo
Slide 14: Strong liquidity position
Strong liquidity position For personal use only Net cash (cash less debt balances) of $1.2 million Historical balance sheet Summary cash flow 30 June 2022 30 June 2021 Current Assets $’000 $’000 Cash and cash equivalents 34,844 49,376 Trade and other receivables 37,751 31,003 FY22 FY21 $Am Current t
Slide 15: Section: Operating strategy and capital management
For personal use only Section 03 Operating strategy and capital management
Slide 16: GTN Operating Strategy
GTN Operating Strategy For personal use only Management continues to be focused on maintaining business infrastructure, maximising revenue and effectively managing operating expenses while exploring additional growth opportunities ⚫ Maintain affiliate networks • We believe that a continued focus on
Slide 17: GTN Operating Strategy (continued)
GTN Operating Strategy (continued) For personal use only New business opportunity - Aerial drone light shows ⚫ Commenced operating aerial drone light shows during 2H FY22 • Drone light shows involve the operation of many drones simultaneously to create images that are viewed by audiences in a manner
Slide 18: GTN Aerial Drone Lightshow
GTN Aerial Drone Lightshow For personal use only Recent Shows Sydney Royal Easter Show Australian Racing Drivers Club 70 year NRL Grand Final Winners Telstra Branding 17
Slide 19: Capital Management
Capital Management For personal use only Company reduced outstanding debt $20 million in FY22 ($30 million over past two fiscal years) ⚫ At 30 June 2022, GTN held cash balances of $34.8m with net cash after the debt of $1.2M ⚫ Debt facility has reverted to original terms after pandemic-related modif
Slide 20: Appendix A: Additional financial information
For personal use only Appendix A Additional financial information
Slide 21: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS For personal use only EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax ($m) (1) FY2022 FY2021 Profit before income tax 5.2 1.4 Depreciation and amortisation 10.6 10.8 Finance costs 1.3 2.0 In
Slide 22: 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