Nzme Limited · NZX:NZM
Nzme — Shareholder Meeting (April 2026)
42 slides from Nzme's shareholder meeting presentation, Apr 22, 2026
Slide 1: NZME 2026 Annual Shareholders' Meeting Presentation and Addresses
NEW ZEALAND MEDIA AND ENTERTAINMENT MARKET ANNOUNCEMENT 22 April 2026 NZME 2026 Annual Shareholders’ Meeting Presentation and Addresses AUCKLAND, 22 April 2026: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) attaches the addresses and presentation to be delivered by the Chair of the Meeting and Chief Ex
Slide 2: Chair's Address: Steven Joyce
CHAIR’S ADDRESS: Steven Joyce Good afternoon everyone and welcome to New Zealand Media and Entertainment’s 2026 Annual Shareholders’ Meeting. My name is Steven Joyce, and I am Chair of the NZME Board. Thanks to those who are joining us here in person today, and to those who are joining us online thr
Slide 3: Chair's Address: Board members and meeting opening
• Guy Horrocks • Kate Parsons • Sussan Turner and • Bowen Pan, who is joining us online from New York today Also joining us at the front table are: • Michael Boggs, Chief Executive Officer, and • Genevieve O’Halloran, General Counsel and Company Secretary I’d also like to introduce Jo Hempstead who
Slide 4: Chair's Address: Key highlights and innovation
We also launched one of the country’s first live news streaming platforms – Herald NOW, hosted by Ryan Bridge, which has made a strong debut. It has regularly achieved 1 million unique viewers a month across the Herald app, website and YouTube. We recently partnered with Sky to expand its reach with
Slide 5: Chair's Address: Financial performance
On the revenue side, Operating Revenue of $345.1 million sits 1% below 2024 on a headline basis. However, that movement is explained by the company’s strategic decision in late 2024 to exit 14 community newspaper titles that were largely unprofitable. The balance sheet continues to strengthen. Net d
Slide 6: Chair's Address: Thanks and closing
Despite a challenging market in 2025, our team of 1,100 people continued to work hard to deliver profitability, and these results are a testament to their hard work and dedication. Thank you to each of you. Thank you also to Michael and his executive team for their leadership throughout the year, an
Slide 7: CEO's Address: Results summary
CHIEF EXECUTIVE OFFICER’S ADDRESS: Michael Boggs Thank you, Steven and good afternoon. Results summary It’s my pleasure to be able to take you through the financials in more detail, along with a closer look at each of the operating divisions. As Steven mentioned, Operating EBITDA was 15% higher than
Slide 8: CEO's Address: Innovation at the core
With a focus on strong audience scale, and better quality revenue, deliberate decisions were made with long-term value in mind. Innovation at the core Innovation is at our very core at NZME. We have accelerated our digital growth across all our business divisions, whilst also ensuring we haven’t los
Slide 9: CEO's Address: Audio and Publishing
Growing overall audience share and translating that into revenue share remains a key priority for NZME, and there is work underway to make that happen. We are actively making changes across our music brands that we believe will meaningfully improve audience engagement, and we expect to see the benef
Slide 10: Looking ahead
Looking ahead Let’s take a moment to focus on what we are seeing as we start the new financial year. Advertising revenues are currently tracking to deliver approximately 3% growth across the first four months of 2026. This is supported by stable demand across key market categories. I’m pleased to sh
Slide 11: NZME Annual Shareholders' Meeting April 2026
For personal use only NZME Annual Shareholders’ Meeting 22 April 2026 1
Slide 12: Chair Steven Joyce
For personal use only Chair Steven Joyce 2
Slide 13: Agenda
Agenda. 1. Chair’s Address 2. Chief Executive Officer’s Address For personal use only 3. Ordinary Resolutions Resolution 1: Election of Incumbent NZME Director: Bowen Pan Resolution 2: Election of Incumbent NZME Director: Kate Parsons Resolution 3: Election of NZME Director: Benedict Ong Resolution
Slide 14: Board members
Board members. For personal use only Steven Joyce Carol Campbell Jim Grenon Guy Horrocks Kate Parsons Sussan Turner Bowen Pan Chair Independent Non-Independent Independent Independent Independent Independent Director Director Director Director Director Director 4
Slide 15: Executive team
Executive team. For personal use only Michael Boggs Renata Hayward Jo Hempstead Murray Kirkness James MacAvoy Chief Executive Chief Chief Financial Chief Content Chief of OneRoof Officer Commercial Officer Officer - Officer - Direct Publishing Katie Greg McCrea Chris Wallace Matt Wilson Jason Macdia
Slide 16: Key highlights
Key highlights. For personal use only Strength of Strategic Disciplined performance innovation & governance and from our core investment financial management • Radio resurgence. • OneRoof product and • Strong cost management. engineering capability. • Print bucked the trend. • Balance sheet capacity
Slide 17: An operating model for success
An operating model for success. For personal use only Audio Publishing OneRoof 7
Slide 18: 2025 performance
2025 performance. For personal use only $13.1m $345.1m Statutory NPAT Operating revenue1,2 2024 ($16.0m) loss 2024 $350.2m $15.5m 9.0cps Net debt Total dividends paid 2024 $24.1m 2024 9.0cps 1. Operating results presented are non-GAAP measures that include the impact of NZ IFRS 16, however exclude n
Slide 19: Signs of gradual recovery underway from late 2025
Signs of gradual recovery underway from late 2025, but global volatility creates uncertainty for balance of 2026. For personal use only Confidence strengthened through 2025, but global events and Forecast movements over the last six months reflect current volatility domestic cost pressures has tempe
Slide 20: Chair Steven Joyce
For personal use only Chair Steven Joyce 10
Slide 21: Michael Boggs, Chief Executive Officer
For personal use only Michael Boggs Chief Executive Officer 11
Slide 22: Results summary
Results summary. For the full year ended 31 December 2025026 For personal use only Operating EBITDA 15% higher than last year. $345.1m $62.3m • Lower total operating revenue due to the closure of Operating revenue1,2 Operating EBITDA1 community publications in December 2024, with 2024 $350.2m 2024 $
Slide 23: Strong audiences across digital and traditional platforms
Strong audiences across digital and traditional platforms. NZME reaches 9 out of 10 Kiwis1 For personal use only Audio Publishing OneRoof +10% +3% +3% -7% +18% +22% Digital audio Podcast Digital subscription Digital advertising OneRoof digital OneRoof other revenue revenue revenue revenue listing re
Slide 24: Innovation at the core
Innovation at the core. For personal use only Herald NOW Business / Ryan Bridge TODAY Launch of Subscription iHeartCountry New apps iHeart, OneRoof & NZH growth 14
Slide 25: Audio
Audio. Number one in audio. For personal use only 15
Slide 26: Audio operating highlights
Audio operating highlights. Positive year-on-year revenue share gains Increasing Agency channel mix a key driver of Digital audio revenue growth continues, through the latter part of 2025. positive year-on-year revenue growth. accounting for 10% of total audio revenue. For personal use only Monthly
Slide 27: Publishing
Publishing. New Zealand’s leading news For personal use only destination. 17
Slide 28: Publishing operating highlights
Publishing operating highlights. Source: NZMEofanalysis Total number subscriptions +3% year on year with Dynamic yield management delivering +3% digital Print subscriber decline slowed through the second sustained digital subscription uptake more than subscription revenue growth, offset by longer ha
Slide 29: OneRoof
OneRoof. Your essential property platform. For personal use only 19
Slide 30: OneRoof digital growth continued
OneRoof digital growth continued. 19% growth in OneRoof residential listings revenue compared with +3% REINZ market listings movement. For personal use only New market listings (000s)1 OneRoof residential listings upgrades2 OneRoof average yield ($)2 180 50% 600 160 140 40% 500 2007-2025 average 120
Slide 31: Looking ahead
For personal use only Looking ahead. 21
Slide 32: Looking ahead
Looking ahead. • Advertising performance tracking positively: Currently tracking to deliver 3% growth across the first four months of 2026, with stable demand across key categories For personal use only • Q1 2026 profitability is up year-on-year, reflecting advertising revenue growth and the benefit
Slide 33: Michael Boggs, Chief Executive Officer
For personal use only Michael Boggs Chief Executive Officer 23
Slide 34: Chair Steven Joyce
For personal use only Chair Steven Joyce 24
Slide 35: Ordinary resolutions
For personal use only Ordinary resolutions. 25
Slide 36: Ordinary resolution 1
Ordinary resolution 1. Election of Incumbent NZME Director For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Bowen Pan That Bowen Pan who was appointed as a director by the Board since the last Annual Shareholders’ Meeting in accordance with the Compan
Slide 37: Ordinary resolution 2
Ordinary resolution 2. Election of Incumbent NZME Director For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Kate Parsons That Kate Parsons who was appointed as a director by the Board since the last Annual Shareholders’ Meeting in accordance with the
Slide 38: Ordinary resolution 3
Ordinary resolution 3. Election of NZME Director For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Benedict Ong That Benedict Ong, who has nominated himself for election as a director in accordance with Rules 2.3.1 and 2.3.2 of the NZX Listing Rules be
Slide 39: Ordinary resolution 4
Ordinary resolution 4. Auditors remuneration For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Auditor's remuneration That the Directors of NZME Limited be authorised to fix the fees and expenses of the auditor for the financial year ending 31 December
Slide 40: General business
For personal use only General business. 30
Slide 41: Disclaimer
Disclaimer. The information in this presentation is of a general nature and does not While reasonable care has been taken in compiling this presentation, none of constitute financial product advice, investment advice, legal, financial, tax or NZME Limited nor its subsidiaries, directors, employees,
Slide 42: For personal use only
For personal use only 32