NZME Limited · NZX:NZM
NZME — Non-Deal Roadshow (June 2024)
29 slides from NZME's roadshow presentation, Jun 5, 2024
Slide 1: Market Announcement: NZME Investor Presentation
NEW ZEALAND MEDIA AND ENTERTAINMENT MARKET ANNOUNCEMENT 5 June 2024 New Zealand Media and Entertainment (NZME) Investor Presentation AUCKLAND, 5 June 2024: NZME Limited (NZX: NZM, ASX: NZM) Chief Executive Officer Michael Boggs and Chief Financial Officer David Mackrell will be meeting with investor
Slide 2: NZME Sydney Roadshow
NZME Sydney Roadshow Michael Boggs, Chief Executive Officer | 7 Bavid Mackrell, Chief Financial Officer For p June 2024
Slide 3: Agenda
Agenda ly . NZME Strategy 2. Overview by Business Unit 3. Performance 4. Capital Management For personal use on ND Toni Street - Coast Breakfast host
Slide 4: Focused strategic priorities for the next three years
Focused strategic priorities for the next three years = Your essential property platform of » Create the most listened to and Scalable digital audience and loved content advertising News platform Deliver customer solutions to Expert journalism that grows grow revenue share subscriber lifetime value
Slide 5: NZME reaches out of Kiwis monthly
NZME reaches 9 out of 10 Kiwis monthly. D Ss ©) q OneRoof Audience Digital audience Digital audience 1,476,300? 1,958,0004 Terrestrial audience Print audience 1,903,500 1,034,000! ge flava # nzherald.conz @ iHeartRADIO VIVA NewstalkZB El ce ew Zealand aerald (77 Matin Cons AS — Eiitravel Businessbes
Slide 6: Digital led strategy focused on delivering superior returns
Digital led strategy focused on delivering superior returns For personal use only a Our central objective is to relentlessly pursue a digital led strategy across our three key platforms. This will set us apart from our competitors and drive returns for shareholders. Globally these digital centric bu
Slide 7: Earnings mix transitions over the coming years with significant OneRoof contribution
Earnings mix transitions over the coming years with significant OneRoof contribution The digital publishing business profitability is expected to overtake the print business during 2026 a Cc jo) ®o 4 2019 2023 2026F © Cc je) Y — ol = Audio = Audio Audio = Publishing Digital = Publishing Digital S— =
Slide 8: For personal use only
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Slide 9: Overview by Business Unit
0” verview by Business Unit For person
Slide 10: For personal use only
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Slide 11: OneRoof momentum continues
OneRoof momentum continues "Online audience (000s)"_ Revenue $m 800 25 700 TT 20 600 500 15 400 10 300 200 5 vo) 2020 2021 2022 2023 2019 2020 2021 2022 2023 OneRoof Treceneercrer) = Digital revenue © Print revenue 50% 25 For personal use only 2.0 Invested to aon : saan 30% 1.0 i 20% 10% (0.5) :0 NZ
Slide 12: OneRoof delivering revenue and profitability
OneRoof delivering revenue and profitability r { h Q1new residential real estate market listings1 g 2028 2 2023 S =+69% ~ ®o ee : 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Adigital revenue Q1 2024 listings up 27% from 2023 ean " oneRoof QI average new digital residential for-sale new listings
Slide 13: Your essential property platform
12 Your essential property platform ‘ 2023 2026 Metric actual target Reduce creas Audience 606k,, gap to Engagement gap to #1 of 187k Increase Laem enquiries by 10! ra 2 44% Auckland End of Year - 60% Listings upgrade %' | 20% Rest ofNZ | End of Year - 40% A Digital 54% Digital 78% RESID OARS Print
Slide 14: For personal use only
For personal use only • • • • • • • Source: 1GfK, RAM, Total NZ, S2 2023, Mon-Sun 12mn-12mn, Cumulative Audience AP10+.
Slide 15: Leading the way with podcasting
Leading the way with podcasting Kiwis choose us for the best local and international content $ \ NOSTUPID QUESTIONS 12 x more downloads than our nearest competitor NZ 44 Source: Triton Podranker Jan - Dec 2023 NZ Listeners only
Slide 16: Audio delivering consistent growth
Audio delivering consistent growth For personal use only 15° 2 42% 40% 38% 36% ~Y_—__ 34% 32% 2019 2020 2021 2022 Revenue ==—=Audience AN oORUAIL® © Jul-22 ep-21 et-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Aug-22 Sep-22 nO Revenue market share: Radio Broadcasters Association Monthl
Slide 17: For personal use only
For personal use only
Slide 18: For personal use only
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Slide 19: Continued growth of digital subscriptions
Continued growth of digital subscriptions Digital only Digital Entilted = Print only ——— Corporate subscribers == Individual subscribers Volume (million) —Yield = =Corporate yield = =Individual yield 10.0 2.00 pnly 3 ” te m0 n 90 180 a oo 2 38.0 1.80 = @ 80 608 = & 8 5 OE = S 70 140 2 2 na 7 3 2 8 §
Slide 20: Publishing profit will transition to digital
Publishing profit will transition to digital For personal use only 19 100 90 80 70 60 50 40 30 20 10 2019 2020 2021 2022 2023 Advertising revenue = Reader revenue Other revenue 2019 2020 2021 2022 2023 Total publishing = Digital — Print 120 100 80 2019 2020 2021 2022 2023 Advertising revenue =Reader
Slide 21: New Zealand's leading news destination
New Zealand's leading news destination 2 ‘S = Metric | 2023 | 2026 o actual target =) —_ Digital publishing © 5 Subscription volume 130,000 190,000 ER ae 7% wae — fo) Print publishing LL 7 Subscription volume 92,000 >65,000 {pre NZIFRSIC) 19% 13-15% 20 1. EBITDA is a non-GAAP measure and excludes ex
Slide 22: Performance
erformance Ajuo QO. feuosjad JO4
Slide 23: Profitability History
• For personal use only • • • • Profitability History $m1 • 70 60 • 50 • 40 30 • 20 10 - 2019 2020 2021 2022 2023F EBITDA (NZ IFRS 16) NPAT
Slide 24: NZME has outperformed the market during this challenging period
NZME has outperformed the market during this challenging period Fe Agency Advertising fe) Revenue YoY variance’ o 2% 350% Growth on prior year due = oo 300% to 2021 COVID lockdown 6 15% 25.0% 10% 200% 5 5% 15.0% i) 100% ro) (5%) 5.0% OQus0%) : (15%) = (5.0%) Ore (10.0%) Lh 9 = = A e - “ AAA Aadanaaa
Slide 25: Capital Management
For peer" so” apital anagement
Slide 26: Disciplined capital management enables consistent dividends
Disciplined capital management enables consistent dividends 2018 2019 2020 2021 2022 2023 Peak 2024 For personal use only lm Net Debt /(Cash)$m Leverage Ratio The Board is committed to maximising distributions within existing debt facilities and in line with dividend policy 25 1 Netdebt /12:month Op
Slide 27: For personal use only
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Slide 28: 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 Odadvice. This presentation constitutes summary information only, and you should not rely on it Win isol
Slide 29: For personal use only
The Aew Zealand Herald =COUNTRY Hj Adv¥G6éate ifs DRIVEN gH travel WHANGANUI AOneRoof MIDWEEK CoaSt NewstalkZB ciRéNicte ¥ eororvs EE VIVA Hleraia ER] HERALDoxsSUNDAY GOLD GOLD SPORT @)RESTAURANTHUB HOMESENS™§ @>)iteartRADIO <‘BusinessDesk. HAURAK o reset {)nzheraldconz {wuar|taeactuacz (ere i Honey