NZME Limited · NZX:NZM
NZME — Shareholder Meeting (April 2024)
38 slides from NZME's shareholder meeting presentation, Apr 11, 2024
Slide 1: Annual Shareholders' Meeting
Keeping Kiwis « intheknow. ¢& SNZME Annual Shareholders’ Meeting For N1 April 2024 iranraneceny
Slide 2: Barbara Chapman, Chairman
a) ‘Barbara -Chapman hairman roe
Slide 3: Board members
ersonal use onl Board members. Barbara Chapman Campbell Chairman Independent Director David Gibson Independent Director Sussan Turner Independent Director Director
Slide 4: Ordinary Resolutions and General Business
For personal use only 3. Ordinary Resolutions • Resolution 1: Re-election of Director Carol Campbell • Resolution 2: Re-election of Director David Gibson • Resolution 3: Re-election of Director Guy Horrocks • Resolution 4: 4. General Business
Slide 5: 2023 performance
2023 performance. $12.2m 7.7 cps Statutory NPAT Operating EPS' 2022 $22.7m 2022 12.1 cps °9,0 cps Total Ordinary Dividends for 2023
Slide 6: State of the market
State of the market. Newshub shutdown confirmed, jobs cut tens 00000 2 S (e) : BusinessDesk (ab) Live updates: Newshub to go off LUMO n air in July, TVNZ Sunday Warner Bros confirms Si programme cancelled Newshub closure co ~*~ © = 2 Stuff ES Newshub fo) act closer n ‘Material uncertainty’ about fut
Slide 7: Evolved our three strategic priorities for next three years
Evolved our three strategic priorities for next three years. 5 b or «Number one New Zealand's Sin audio = leading news by destination © Cc (e) Y) rae oO ‘aN
Slide 8: Net debt and leverage; distributions
The Board is committed to maximising distributions within existing debt facilities and in line with dividend policy For personal use only Net debt and Leverage1 • During 2023 $16.5 million was distributed to shareholders via a final 2022 dividend of 6 cents per share and an interim 2023 dividend of
Slide 9: Sustainability in action
Sustainability in action. Our blueprint for a resilient future Our people fan Our environment 8 We provide a workplace that fosters We accelerate awareness and drive innovation, engagement and inclusion meaningful action on environmental issues + Promoting a healthy, diverse and safe workplace + Red
Slide 10: Protecting our environment
Protecting our environment. NZME's commitment to drive meaningful action oO CAwards & technology OToity Ge) Ellerslie print operations 2011 - 2023 @) Chemical free printing plate technology Carbon emissions & route optimisation Vv A2% Company vehicle emissions Ly @9 Fleet cars are being replaced wit
Slide 11: Barbara Chapman, Chairman
a) ‘Barbara -Chapman hairman roe
Slide 12: Michael Boggs, Chief Executive Officer
> Cc ‘Michael -Boggs “Chief Executive Officer For
Slide 13: Results summary
Results summary. For the year ended 31 December 2023 $56.2m $14.1m Operating EBITDA’ Operating NPAT' 2022 $64.7m 2022 $23.3m oe <7.7 cps Operating EPS' 2022 12.1cps
Slide 14: Challenging economic environment
Challenging economic environment. a (a ° Oo Consumer confidence (<b) i?) =) D io » ee a 20.0 ae i : S (200) ae Qwo ne (60.0) OOO seer nrenzranwrkeanee x &2—>> > > Se
Slide 15: NZME has outperformed the market during this challenging period
NZME has outperformed the market during this challenging period. fai Agency Advertising fe) Revenue YoY variance’ cob) Y) 25% SD 2% we ™ a 200% cs Ox sox 2) 100% oO™) 5.0% Cou0% S(15%) oH (5.0%) Paws (30.0%) (25%) (15.0%) a g a a a & bY a 2 a 3 8 a SPSSRSFERREAPSSRAEHRARAERE APIs SF & ¢ § 8 FF § 2 $
Slide 16: NZME reaches out of Kiwis monthly
NZME reaches 9 out of 10 Kiwis monthly. Capturing the attention of New Zealand For Personal uS@e@aly
Slide 17: NZME bringing global excellence locally
NZME bringing global excellence locally. Our digital-led strategy = c fo)
Slide 18: For personal use only
For personal use only Source: NZME Analysis.
Slide 19: Number one in audio
Number one in audio. : 2023 2026 > Metric actual target D) Audience share 1 >1% share D (% of radio 37.5% point growth : audience) per annum ie Rocio . 43.1% >1% share = Digital 72.6% point growth D) Total BA5S% Jalan (Digital audio revenue > (as a % of total TA% 12% audio revenue) 5 EBITDA’ margin
Slide 20: Leading the way with podcasting
Leading the way with podcasting. Kiwis choose us for the best local and international content “1x X more dewnloads than our nearest competitior NZ Source: Triton Podranker Jan - Dec 2023 NZ Listeners only ee
Slide 21: New Zealand's leading news destination
New Zealand's leading news destination. 2 Cc ° Metric | 2023 | 2026 a actual | target DS = Digital publishing 5 Subscription volume 130,000 190,000 . Digna adveteing. 50% 60% OO. reNzIERSO) mx ivi ro} Print publishing LL Subscription volume 92,000 >65,000 ene 50% 40% eRe en 19% 13-15% 1. EBITDA is a
Slide 22: A true digital-first model
A true digital-first model. Publishing division delivers the best for print and digital Digital Publishing Print Hub + Content produced for digital publishing + Content from digital journalism curated into print publications + Revenue from subscribers and advertisers « Revenue from print subscribers
Slide 23: Your essential property platform
Your essential property platform. ; 2023 2026 Metric actual target Reduce ae Audience 606k, Gapto Engagement gap to #1 of 187k’ Increase Neting enquiries by 1 ie 2 44% Auckland End of Year - 60% Listings upgrade % | 20% Rest of NZ End of Year - 40% , Digital 54% Digital 78% Reverie rink Print 46% Pr
Slide 24: For personal use only
2024 For personal use only 2023 2022 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2024 2023 2022 - 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 2024 2023 2022 - 5.0% 10.0% 15.0% 20.0% 25.0%
Slide 25: Executive team
Executive team. = S Oo rab) ; Y f =) a ; = Si y ie) a i Michael James Greg Carolyn David Katie Jason “Boggs Butcher Hornblow _—_ Luey Mackrell Mills Winstanley OChief Chief Chief of Chief Digital Chief Chief Chief L|_ Executive Commercial OneRoof and Publishing Financial Marketing Audio Officer Offi
Slide 26: Our people
Our people. e only “This Could Lead Anywhere —- our employee promise. We are committed to fostering an innovative, engaged, Ciinclusive workplace for our team of 1200 people. NY “We have increased our Employee Net Promoter Score Weenrs) by 3 points - we continue to be in the top 10% @of media compan
Slide 27: The operating environment continues to be challenging
The operating environment continues to be challenging. For personal use only quarter of 2024 has been stronger, with 4% growth year on year. This is reflected in our increased overall market share. OneRoof has performed very well in the first quarter, with new real estate listings coming to market h
Slide 28: Michael Boggs, Chief Executive Officer
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Slide 29: Barbara Chapman, Chairman
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Slide 30: Ordinary resolutions
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Slide 31: Re-election of director: Carol Campbell
Ordinary resolution 1 Re-election of director ersonal use only To consider and, if thought fit, to pass ithe following ordinary resolution: Carol Campbell That Carol Campbell, who retires by rotation and is eligible for re-election, be re-elected as a Director of NZME.
Slide 32: Re-election of director: David Gibson
Ordinary resolution 2 Re-election of director ersonal use only To consider and, if thought fit, to pass ithe following ordinary resolution: David Gibson That David Gibson, who retires by rotation and is eligible for re-election, be re-elected as a Director of NZME.
Slide 33: Re-election of director: Guy Horrocks
Ordinary resolution 3 Re-election of director ersonal use only “To consider and, if thought fit, to pass ithe following ordinary resolution: Guy Horrocks That Guy Horrocks, who retires by rotation and is eligible for re-election, be re-elected as a Director of NZME.
Slide 34: Auditor's Remuneration
Ordinary resolution 4 Auditor's Remuneration al use only c Zyo consider and, if thought “fit, to pass the following Yordinary resolution: oAuditor’s Remuneration “That the Directors of NZME be authorised to fix the fees and expenses of the auditor for the financial year ending 31 December 2024.
Slide 35: General business
a) ‘General ‘business. For per
Slide 36: Barbara Chapman, Chairman
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Slide 37: For personal use only
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Slide 38: Disclaimer
Disclaimer. The information in this presentation is of a eneral nature and does not constitute financial —}product 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 (Win isolat