HT&E : Half Year Results Presentation

Half Year Results 2017

HT&E Limited

ABN 95 008 637 643

1

Agenda

• Highlights

• Operational summary

• Financial performance

• Trading update

• Q&A

  2

• Appendices

  Highlights 2017 H1

  • Rebranded to HT&E following significant business transformation

  • Adshel

    • Market share gains and margin improvement driving 23% EBITDA uplift

    • Adshel Live network expansion, albeit hindered by contract and permitting delays

    • APAC-first partnerships with Lotame, Rubicon Project and CIVIQ Smartscapes

  • Australian Radio Network

    • Challenging half in line with AGM update

    • Ratings improvement through Survey 4 translating into some Q3 revenue improvement

    • Re-signed Jonesy & Amanda to WSFM through to 2020

  • Integration and Digital Investments

    3

    • Conversant Media and ARN digital sales teams fully integrated; Content integration in progress

    • Some cross-platform campaigns success; Marketing in Motion case studies / research underway

    • HT&E Events and Gfinity eSports Australia launched

  • Hong Kong strategic review commenced

Financial highlights 2017 H1

A$ million	2017	2016	% change
Revenue	225.7	129.1	 75%
Underlying EBITDA	46.0	35.9	 28%
Underlying NPATA (2) attributable to shareholders	22.0	10.6	 108%
Underlying NPAT attributable to shareholders	12.8	10.1	 27%
Profit/(Loss) attributable to shareholders	15.8	(256.9)	 106%
Underlying EPS (cps) (3)	7.1	6.3	 13%
Interim Dividend per share (cps)	3.0	-	n/m

• Comparative information excludes impact of 2016 H2 acquisitions

• Declared fully franked interim dividend 3.0cps

• Leverage 1.35 times; marginal increase from Dec 16

• Underlying results presented on a continuing operations, before‐exceptional items basis. See Financial Performance section for reconciliation to statutory profit / (loss)

• NPATA - Net profit after tax before amortisation

• Underlying diluted EPS calculated on underlying NPATA attributable to shareholders 4

n/m - Not meaningful