Nzme Limited · NZX:NZM
Nzme — Shareholder Meeting (June 2025)
42 slides from Nzme's shareholder meeting presentation, Jun 3, 2025
Slide 1: 2025 Annual Shareholders' Meeting Presentation and Addresses
NEW ZEALAND MEDIA AND ENTERTAINMENT MARKET ANNOUNCEMENT 3 June 2025 2025 Annual Shareholders’ Meeting Presentation and Addresses AUCKLAND, 3 June 2025: NZME Limited (NZX: NZM, ASX: NZM) (“NZME”) attaches the Chairman of the Meeting and Chief Executive Officer’s addresses and presentation to be deliv
Slide 2: Chairman's Address: Barbara Chapman
CHAIRMAN’S ADDRESS: BARBARA CHAPMAN Kia ora, hello everyone and welcome to New Zealand Media and Entertainment’s Annual Shareholders’ Meeting 2025. My name is Barbara Chapman, and I am the Chairman of the NZME Board. At the outset I’d like to thank our shareholders for your forbearance as we worked
Slide 3: NZME Board members
NZME Board members I would now like to introduce you to our NZME Board members, all of whom are here today. We have: • Carol Campbell • Sussan Turner • And Guy Horrocks I would also like to introduce: • Michael Boggs, Chief Executive Officer • Genevieve O’Halloran, General Counsel and Company Secret
Slide 4: 2024 performance
But while digital audiences and revenue continue to grow in importance, our print and terrestrial radio platforms remain hugely valuable for both our audiences and advertisers. Our integrated approach, which sees our digital and traditional channels complement each other, means we can leverage the s
Slide 5: Chairman's address: audience reach and capital management
Firstly, NZME reaches nine in every 10 Kiwis across our audio, publishing and digital platforms – a phenomenal number of people. Through our digital transformation strategy, we are continuing to focus on innovating, adapting quickly to changing audience preferences and offering new products to expan
Slide 6: Chief Executive Officer's Address: Michael Boggs
CHIEF EXECUTIVE OFFICER’S ADDRESS: Michael Boggs Thank you, Barbara and good afternoon, everyone. Thank you to those joining us today, whether it is here in person at our NZME Auckland Central office or online. Results summary Overall, despite the challenges across the market, NZME continued to make
Slide 7: Digital growth across OneRoof, Audio and Publishing
We are focused on delivering digital growth across each of our three strategic pillars of OneRoof, Audio and Publishing. Importantly, these charts also highlight the strength of traditional media such as our print and broadcast radio channels, and the huge financial contribution they continue to mak
Slide 8: The business of journalism and NZ Herald
We are focused on having a scalable digital audience and advertising news platform. Pleasingly, based on Nielsen’s ratings, The New Zealand Herald was New Zealand’s most visited news app last year. We are continuing to improve the functionality and experience of the app. Expert journalism is at the
Slide 9: Outlook and closing remarks
While the market outlook remains uncertain, the first four months of trading combined with our cost savings initiatives see us well placed to deliver improved operating results for 2025. Closing remarks In closing, I want to say a big thank you on behalf of myself and the Executive team to our dedic
Slide 10: NZME Annual Shareholders' Meeting June 2025
For personal use only NZME Annual Shareholders’ Meeting. 3 June 2025 1
Slide 11: Barbara Chapman, Chairman
For personal use only Barbara Chapman. Chairman 2
Slide 12: Agenda
Agenda. For personal use only 1. Chairman’s Address 2. Chief Executive Officer’s Address 3. Ordinary Resolutions Resolution 1: Re-election of Director: Sussan Turner Resolution 2: Appointment of new NZME Director: Steven Joyce Resolution 3: Appointment of new NZME Director: James (Jim) Grenon Resolu
Slide 13: Board members
Board members. For personal use only Barbara Carol Sussan Guy Chapman Campbell Turner Horrocks Chairman Independent Independent Independent Director Director Director 4
Slide 14: Three strategic priorities
Three strategic priorities. Your essential property New Zealand’s leading For personal use only Number one in audio. platform news destination Superior listings Create the most listened to and Scalable digital audience and experience and performance loved content advertising News platform Grow listi
Slide 15: 2024 performance
2024 performance. For personal use only $345.9m $12.1m ($16.0m) Operating Revenue1 Operating NPAT1 Statutory NPAT 2023 $340.8m 2023 $14.1m 2023 $12.2m 6.5cps 6.0cps $11.3m Operating EPS1 Final dividend Operating free cash flow 2023 7.7cps Paid on 2023 $17.3m 31 Mar 2025 1. Operating results presente
Slide 16: Recent areas of focus
Recent areas of focus. For personal use only Governance Setting a new tone OneRoof value realisation - additional specialists for New Zealand 7
Slide 17: The Business has evolved
The Business has evolved. For personal use only Product innovation OneRoof continues Global leader in Record audiences Disciplined capital Strong shareholder with digital at the to build employee core momentum engagement management returns 8
Slide 18: Barbara Chapman, Chairman
For personal use only Barbara Chapman. Chairman 9
Slide 19: Michael Boggs, Chief Executive Officer
For personal use only Michael Boggs. Chief Executive Officer 10
Slide 20: Results summary
Results summary. $345.9m $54.2m For the year end 31 December 2024 Operating Revenue1 Operating EBITDA1 2023 $340.8m 2023 $56.2m For personal use only • Operating Revenue improved by 2%. • OneRoof digital revenue grew by 51%. $12.1m 6.5cps ($16.0m) • Operating EBITDA for 2024 of $54.2 million was $2
Slide 21: Attracting New Zealand audiences like no other
Attracting New Zealand audiences like no other. NZME reached 9 out of 10 Kiwis5 For personal use only OneRoof audience Audio audience Publishing audience Print Radio Print 311,0001 1,862,6003 1,204,0001 Oneroof.co.nz iHeartRadio Nzherald.co.nz 793,0002 1,256,0004 2,035,0002 1. Nielsen CMI Q3 23 – Q4
Slide 22: Digital transformation continues
Digital transformation continues. 2.5 million Kiwis turn to NZME’s digital platforms each month1 NZME Digital Revenue For personal use only $103m NZME Broadcast and Print Revenue $95m 2024 $50m 2023 $226m $287m $229m 2019 1. Nielsen CMI Q4 23 – Q3 24 December 2024 Fused 2024 AP15+. 13
Slide 23: OneRoof: Your essential property platform
For personal use only OneRoof Your essential property platform. 14
Slide 24: OneRoof: Delivering on our strategy
Your essential property platform. Delivering on our strategy For personal use only Superior listings Accelerate non-listings Grow listingsrevenue experience and performance portfolio +32% growth in listings enquiries +44% residential listings upgraded +60% revenue from digital advertising EBITDA imp
Slide 25: Audio: Number one in audio
For personal use only Audio Number one in audio. 16
Slide 26: Number one in audio: Delivering on our strategy
Number one in audio. Delivering on our strategy For personal use only Create the most listened to and Deliver customer solutions to grow Grow podcast engagement and loved content revenue share monetisation Newstalk ZB remains the #1 radio Integrated digital and broadcast Podcast revenue has increase
Slide 27: Publishing: New Zealand's leading news destination
For personal use only Publishing New Zealand’s leading news destination. 18
Slide 28: News destination: Delivering on our strategy
New Zealand’s leading news destination. Delivering on our strategy For personal use only Scalable digital audience and Expert journalism that grows High quality and efficient print advertising news platform subscriber lifetime value business New Zealand's most-visited news +16% year on year growth i
Slide 29: The business of journalism
The business of journalism. The NZ Herald balances free versus premium stories to maximise audience and profitability For personal use only 2024 Top 10 Free Stories: 5.2 million page views 2024 Top 10 Premium Stories: 800k page views Free users generate 59% ($36m) Subscribers generate 41% ($25m) of
Slide 30: Looking ahead
21 For personal use only Looking ahead.
Slide 31: The market remains volatile
The market remains volatile with commentators softening their outlook since earlier in the year. 5.0% Consumers price index (CPI)2 For personal use only Business and Consumer Confidence1 4.0% 80.0 3.0% 60.0 2.0% 40.0 1.0% - 20.0 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Actual Feb fore
Slide 32: Trading update
Trading update. For personal use only • The first four months of 2025 has delivered a higher Operating EBITDA 1 than 2024. • Cost reduction initiatives completed in the first half of 2025 will deliver annualised savings of $12 million. These initiatives include the $4 million previously announced re
Slide 33: Michael Boggs, Chief Executive Officer
For personal use only Michael Boggs. Chief Executive Officer 24
Slide 34: Barbara Chapman, Chairman
For personal use only Barbara Chapman. Chairman 25
Slide 35: Ordinary resolutions
For personal use only Ordinary resolutions. 26
Slide 36: Ordinary resolution 1: Re-election of Director
Ordinary resolution 1. Re-election of Director For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Sussan Turner That Sussan Turner, who retires by rotation and is eligible for re-election, be re-elected as a Director of NZME Limited. 27
Slide 37: Ordinary resolution 2: Appointment of Steven Joyce
Ordinary resolution 2. Appointment of new NZME Director: Steven Joyce For personal use only To consider and, if thought fit, to pass the following ordinary resolution: Steven Joyce That Steven Joyce be appointed as a Director of NZME Limited, with effect from conclusion of the Annual Shareholders’ M
Slide 38: Ordinary resolution 3: Appointment of Jim Grenon
Ordinary resolution 3. Appointment of new NZME Director: James (Jim) Grenon For personal use only To consider and, if thought fit, to pass the following ordinary resolution: James (Jim) Grenon That James (Jim) Grenon be appointed as a Director of NZME Limited, with effect from conclusion of the Annu
Slide 39: Ordinary resolution 4: Auditor's remuneration
Ordinary resolution 4. Auditor's 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 Decembe
Slide 40: General business
31 For personal use only General business.
Slide 41: For personal use only
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Slide 42: Disclaimer
Disclaimer. The information in this presentation is of a general nature and does not constitute While reasonable care has been taken in compiling this presentation, none of NZME financial product advice, investment advice, legal, financial, tax or any other Limited nor its subsidiaries, directors, e