Nzme Limited · NZX:NZM
Nzme — Shareholder Meeting (June 2019)
25 slides from Nzme's shareholder meeting presentation, Jun 12, 2019
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting 12 June 2019
Slide 2: The voice your customers love
The voice your customers love. The voice that suits your brand. The voice that sells. ENTERTAINMENT NEW ZEALANO| MEDIA AND
Slide 3: Welcome
WELCOME Peter Cullinane INDEPENDENT CHAIR 3
Slide 4: Agenda
AGENDA 01 Chairperson’s Address 02 Chief Executive Officer’s Address 03 Ordinary Resolutions 1. Election of Director 2. Auditor’s Remuneration 04 Special Resolution 3. Amendment of Constitution 05 General Business 4
Slide 5: NZME's Audience Reach is 3.3 Million
NZME’S AUDIENCE REACH IS 3.3 MILLION1 80% OF NEW ZEALANDERS PRINT 1.3 million Weekly Readers1 RADIO 2.0 million Weekly Listeners2 DIGITAL 2.5 million per Month1 (1) Nielsen CMI March 2019 Fused Q1 18 – Q4 18 (population 10+ years). 5 (2) GfK Radio Audience Measurement, Commercial Stations, NZME and
Slide 6: The NZME Board
Peter Cullinane THE NZME Independent Chair BOARD Carol Campbell Independent Director David Gibson Independent Director Barbara Chapman Independent Director Sussan Turner Independent Director 6
Slide 7: The NZME Executive Team
THE NZME EXECUTIVE TEAM Michael Boggs Dean Buchanan Chief Executive Officer Group Director, Entertainment David Mackrell Matthew Wilson Chief Financial Officer Chief Operations Officer Laura Maxwell Katie Mills Chief Digital Officer Chief Marketing Officer Matt Headland Allison Whitney Chief Commerc
Slide 8: New Zealand Media and Entertainment legacy
New Zealand Media and Entertainment is built on a legacy of award-winning journalism and broadcasting. We deliver news, entertainment, and information to Kiwis every day. 8
Slide 9: Corporate Social Responsibility
Corporate Social Responsibility Amplifying our ability to create positive change in our society • Committed to a sustainable business focused on our People, our Environment and our Communities • Materiality matrix of sustainability issues directly affecting NZME completed • UN Sustainable Developmen
Slide 10: Capital Management
Capital Management • Supports long term strategic objectives and operational priorities to maximise shareholder value. • Reduce gearing, maintaining investment in our growth opportunities and continuing to pay dividend where trading and investment conditions permit. • Consistent with the policy, the
Slide 11: Michael Boggs, Chief Executive Officer
Michael Boggs CHIEF EXECUTIVE OFFICER 11
Slide 12: NZME 2018 Results Summary
NZME 2018 RESULTS SUMMARY Statutory NPAT Trading Revenue1 $11.6m $378.4m 2017 $20.9m 44% 2017 $387.7m 2% Trading EBITDA1 Trading NPAT1 Results impacted by Pro-active investment $54.7m $18.9m 2017 $66.2m 17% 2017 $26.7m 29% in Digital Classifieds Agency market headwinds Trading Earnings Final Dividen
Slide 13: Print, Radio and Digital & eCommerce Trading Revenue
NZME PRINT NZME RADIO NZME DIGITAL & eCOMMERCE TRADING REVENUE TRADING REVENUE TRADING REVENUE $211.6 m $106.8 m $60.0 m -4% vs 2017 FY2018 -3% vs 2017 FY2018 +6% vs 2017 FY2018 • Print advertising revenue $114.2m • Maintained our share of radio • Long-term driver of growth (down 6% vs 2017) adverti
Slide 14: 2019 Strategic Priorities Focused on Growth
2019 STRATEGIC PRIORITIES FOCUSED ON GROWTH Leading the future of news and Increasing radio capability Creating New Zealand’s leading journalism in New Zealand and performance real estate platform 14
Slide 15: News: Leading the Future of News and Journalism
FY19 Focus Results to date New Zealand’s destination for trusted • NZ Herald Premium launched in April 2019 1 NEWS premium news content • 10,000 digital subscribers, of which over LEADING THE FUTURE OF Launch digital 35% have opted for an annual subscription NEWS AND JOURNALISM subscriptions IN NEW
Slide 16: Radio: Increasing Capability and Performance
FY19 Focus Results to date Enhance radio sales 2 RADIO skills to support • Radio revenue in growth overall at the end integrated selling of Q1 INCREASING RADIO CAPABILITY AND PERFORMANCE Digital audience and • Weekly audience of 2 million New revenue growth Zealanders and increased market share leve
Slide 17: Creating New Zealand's Leading Real Estate Platform
FY19 Focus Results to date Secure further market • Celebrated one year of OneRoof in March listings and launch new property categories (e.g. 2019 CREATING NEW ZEALAND’S LEADING new homes) REAL ESTATE PLATFORM • New Homes category launch scheduled Continue to develop user for Q3 features and tools to
Slide 18: Trading Update
Trading Update • The successful launch of NZ Herald premium digital subscriptions has exceeded our revenue expectations. • OneRoof now has 70% of residential property listings with continued revenue growth momentum. • Advertising bookings year to date are tracking 3% below last year but have decline
Slide 19: 1
1 9
Slide 20: Resolutions
RESOLUTIONS 20
Slide 21: Resolution 1: Election of Director
ORDINARY RESOLUTIONS Resolution 1 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 1: Election of Director It is hereby resolved, as an ordinary resolution, that Sussan Turner, who joined the board after the last Annual Shareholders’ Meeting, be elected as a Dir
Slide 22: Resolution 2: Auditor's Remuneration
ORDINARY RESOLUTIONS Resolution 2 To consider and, if thought fit, to pass the following ordinary resolution: Resolution 2: Auditor’s remuneration It is hereby resolved, as an ordinary resolution, that the Directors of NZME are authorised to fix the auditor’s remuneration. Proxies & Postal For Again
Slide 23: Resolution 3: Amendment of Constitution
SPECIAL RESOLUTION Resolution 3 To consider and, if thought fit, to pass the following special resolution: Resolution 3: Amendment of Constitution To amend NZME’s constitution in the form and manner described in the explanatory notes, with effect from the close of the Annual Shareholders’ Meeting. P
Slide 24: General Business
ui = N z GENERAL BUSINESS
Slide 25: Disclaimer
DISCLAIMER The information in this This presentation may contain projections While reasonable care has been taken in presentation is of a general or forward-looking statements regarding a variety of items. Such projections or compiling this presentation, none of NZME Limited nor its subsidiaries, di