NZME Limited · NZX:NZM
NZME — Shareholder Meeting (June 2020)
32 slides from NZME's shareholder meeting presentation, Jun 11, 2020
Slide 1: Annual Shareholders Meeting 11 June 2020
For personal use only Annual Shareholders Meeting 11 June 2020
Slide 2: Welcome
For personal use only WELCOME Carol Campbell INDEPENDENT DIRECTOR 2
Slide 3: Agenda
AGENDA For personal use only Chair’s Address 04 Chief Executive Officer’s Address 15 Ordinary Resolutions 24 Supported by your Board 2 Election of Director – Barbara Chapman 3 Auditors Remuneration Not Supported by your Board 4 Shareholder Proposal 5 Shareholder Proposal 6 Shareholder Proposal Gener
Slide 4: Chair's Address
For personal use only Carol Campbell INDEPENDENT DIRECTOR 4
Slide 5: Building Shareholder Value
For personal use only Building Shareholder Value 1. NZME participating in market consolidation 2. Cost management and efficiency 3. Building topline revenue performance and growth 4. Prudent capital management and dividend policy 5. Reviewing Board and management expertise 6. Improving communication
Slide 6: Building Shareholder Value
For personal use only Building Shareholder Value 1. NZME Participating in market consolidation 2. Cost management and efficiency 3. Building topline revenue performance and growth 4. Prudent capital management and dividend policy 5. Reviewing Board and management expertise 6. Improving communication
Slide 7: Building Shareholder Value
For personal use only Building Shareholder Value 1. NZME Participating in market consolidation 2. Cost management and efficiency 3. Building topline revenue performance and growth 4. Prudent capital management and dividend policy 5. Reviewing Board and management expertise 6. Improving communication
Slide 8: Building Topline Revenue Performance and Growth
BUILDING TOPLINE REVENUE PERFORMANCE AND For personal use only GROWTH Leading the future of news and Growing radio and leading Creating New Zealand’s leading 1 journalism in New Zealand 2 digital audio 3 real estate platform 8
Slide 9: Prudent Capital Management and Dividend Policy
PRUDENT • Capital management plan is to reduce debt while maintaining investment in growth For personal use only opportunities across the business. CAPITAL • Net debt reduced by $23.6 million in 12 months to $74.7 million as at 31 December 2019, and to $62.0 million at 31 May 2020. MANAGEMENT • Agre
Slide 10: The NZME Board
THE NZME Carol Campbell A For personal use only BOARD Independent Director Barbara Chapman Independent Director B David Gibson Independent Director C Sussan Turner D A B Independent Director C D 10
Slide 11: The NZME Executive Team
THE NZME Michael Boggs Chief Executive Officer A For personal use only EXECUTIVE David Mackrell Chief Financial officer B TEAM Laura Maxwell Chief Digital Officer C A B C Wendy Palmer Chief Radio & Commercial Officer D Shayne Currie Managing Editor E Matt Wilson Chief Operations Officer F D E F Alli
Slide 12: Building Shareholder Value
For personal use only Building Shareholder Value 1. NZME Participating in market consolidation 2. Cost management and efficiency 3. Buidling topline revenue performance and growth 4. Prudent capital management and dividend policy 5. Reviewing Board and management expertise 6. Improving communication
Slide 13: Building Shareholder Value
For personal use only Building Shareholder Value 1. NZME Participating in market consolidation 2. Cost management and efficiency 3. Buidling topline revenue performance and growth 4. Prudent capital management and dividend policy 5. Reviewing Board and management expertise 6. Improving communication
Slide 14: Our Purpose and Sustainability Commitment
OUR PURPOSE AND SUSTAINABILITY For personal use only COMMITMENT We are committed to protecting the craft of journalism and broadcasting to keep Kiwis in the know. 14 14
Slide 15: Chief Executive Officer's Address
For personal use only Michael Boggs CHIEF EXECUTIVE OFFICER 15
Slide 16: Results Summary
RESULTS $371.7m $50.6m For personal use only SUMMARY Operating Revenue1 Operating EBITDA1 2018 $388.9m 4% 2018 $54.7m 7% For the year ending 31 December 2019 $19.7m ($165.2m) Operating NPAT1 Statutory Net Loss after Tax 2018 $18.9m 4% 2018 Stat. NPAT $11.6m 10.0cps $74.7m Operating EPS1 Net Debt 201
Slide 17: NZME Content Reaches 3.3 Million New Zealanders
NZME CONTENT REACHES For personal use only 3.3 MILLION1 NEW ZEALANDERS PRINT RADIO DIGITAL • 33 print publications across New Zealand2 • 8 radio stations serving all key demographics • 2.6 million digital users per month across our digital platforms1 • 1.6 million NZ Herald weekly brand audience3 •
Slide 18: Strategic Priorities
STRATEGIC PRIORITIES For personal use only Focused on Growth Leading the future of news and Growing radio and leading Creating New Zealand’s leading 1 journalism in New Zealand 2 digital audio 3 real estate platform 18
Slide 19: Leading the Future of News & Journalism in New Zealand
LEADING THE FUTURE OF NEWS & For personal use only JOURNALISM IN NEW ZEALAND 2020 Focus Grow digital subscription revenues Results to Date Enhance digital product and revenues • Over 36,000 paid NZ Herald Premium Subscribers up from 21,000 at February 2020 Improve core print revenue trends • An addi
Slide 20: Growing Radio and Leading Digital Audio
GROWING RADIO AND LEADING For personal use only DIGITAL AUDIO 2020 Focus Enhance radio sales capability Improve radio content offering Results to Date Maximise the potential of the iHeart • Radio revenue market share continues to increase year product on year • Content changes in progress and will b
Slide 21: Creating New Zealand's Leading Real Estate Platform
CREATING NEW ZEALAND’S For personal use only LEADING REAL ESTATE PLATFORM 2020 Focus Develop OneRoof as a prominent national brand Results to Date Deliver data driven agent promotion product • OneRoof now the largest platform for sales listings in Auckland Maximise potential of existing products • O
Slide 22: Trading Update
TRADING For personal use only UPDATE • It was an encouraging start to 2020 – driven by continued growth in Radio, Digital classifieds, and Digital subscriptions. • The impacts of Covid-19 have been significant with Advertising Revenue in April 2020 around 47% lower than April 2019, May 2020 39% lowe
Slide 23: Curious, Confident & Connected
CURIOUS, CONFIDENT & CONNECTED For personal use only 23
Slide 24: Ordinary Resolutions
For personal use only ORDINARY RESOLUTIONS 24
Slide 25: Resolution 2: Election of Director
ORDINARY RESOLUTIONS Resolution 2 For personal use only Resolution supported by your board To consider and, if thought fit, to pass the following ordinary resolutions: Resolution 2: Election of Director It is hereby resolved, as an ordinary resolution, that Barbara Chapman, who stands for re-electio
Slide 26: Resolution 3: Auditor's Remuneration
ORDINARY RESOLUTIONS Resolution 3 For personal use only Resolution supported by your board To consider and, if thought fit, to pass the following ordinary resolutions: Resolution 3: Auditor’s Remuneration It is hereby resolved, as an ordinary resolution, that the Directors of NZME are authorised to
Slide 27: Resolution 4: Shareholder Proposal
ORDINARY RESOLUTIONS Resolution 4 For personal use only Resolution not supported by your board To consider and, if thought fit, to pass the following ordinary resolutions: Resolution 4: Shareholder Proposal That the directors instigate a plan to breakup the Company so as to realise the commercial va
Slide 28: Resolution 5: Shareholder Proposal
ORDINARY RESOLUTIONS Resolution 5 For personal use only Resolution not supported by your board To consider and, if thought fit, to pass the following ordinary resolutions: Resolution 5: Shareholder Proposal That the directors acknowledge the importance of dividend income to shareholders and there be
Slide 29: Resolution 6: Shareholder Proposal
ORDINARY RESOLUTIONS Resolution 6 For personal use only Resolution not supported by your board To consider and, if thought fit, to pass the following ordinary resolutions: Resolution 6: Shareholder Proposal That the directors obtain the approval of shareholders before they proceed with any action (c
Slide 30: General Business
For personal use only GENERAL BUSINESS 30
Slide 31: For personal use only
For personal use only Carol Campbell INDEPENDENT DIRECTOR 31
Slide 32: For personal use only
The information in this presentation is of a general nature and does not constitute financial product For personal use only advice, investment advice, legal, financial, tax or any other recommendation or advice. This presentation constitutes summary information only, and you should not rely on it in