ARN MEDIA LIMITED — AGM Information 2017

May 3, 2017

Annual General Meeting 2017

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APN NEWS & MEDIA LIMITED ABN 95 008 637 643

AGM 2017

APN: A NEW BUSINESS

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• Australian focused Media & Entertainment company

• Full ownership of leading, high quality metropolitan assets

• Growth sectors – Radio, Outdoor and Digital

• Unique in Australian media

• Audiences of scale, less fragmentation

• Platform for working closer

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AGM 2017

2016 BUSINESS PERFORMANCE

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A$ million 2016 Pro forma revenue 2015 Pro forma revenue YoY change 2016 Pro forma EBITDA 2015 Pro forma EBITDA YoY change	A$ million 2016 Pro forma revenue 2015 Pro forma revenue YoY change 2016 Pro forma EBITDA 2015 Pro forma EBITDA YoY change	A$ million 2016 Pro forma revenue 2015 Pro forma revenue YoY change 2016 Pro forma EBITDA 2015 Pro forma EBITDA YoY change
Australian Radio Network1	225.3 221.1 2%	86.1 82.8 4%
Adshel	205.8 176.4 17%	46.2 38.3 21%
Hong Kong Outdoor	27.1 37.9 (29%)	(1.3) 0.4 >(100%)
Corporate	- - -	(13.9) (12.7) 10%
Total2,3 458.2 435.5 5%		117.1 108.9 8%

(1) ARN includes interests in Emotive, Brisbane FM Radio, Canberra Radio and Nova Perth Radio

(2) Pro forma revenue and EBITDA includes 100% of Adshel and excludes Conversant Media (3) Before exceptional items

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AGM 2017

ADSHEL: DIGITAL INVESTMENT DRIVING GROWTH

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Adshel Live
digital roadside network 100
29
24
115
98
Digital screens 100
30
20
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• No. 1 street furniture operator in Australia and New Zealand

• 366 digital screens in Australia; 150 in New Zealand

• 200+ digital screens planned for 2017

• Approximately $50m capital expenditure in 2017 subject to approvals

• & tender outcomes

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AGM 2017

THE POWER OF ADSHEL’S ROADSIDE NETWORK

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Smart City
Solutions
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Data and
Insights
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Eye level
engagement
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AGM 2017

HONG KONG OUTDOOR

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• Restructured & resized business

• Renewed Western & Eastern Harbour Tunnels

• HK Tram Shelters contract win

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AGM 2017

AUSTRALIAN RADIO NETWORK

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AGM 2017

ARN: MULTIPLATFORM BUSINESS

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• 1.2m App downloads

• • 750K registered users

• • 54% under 30 yrs

• • 70 new stations launched

• Solid revenue & earnings growth

• • 120m video views

• • Growing client base

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• 4m users

• 1.6m+ monthly video views

• • Younger audience profile

• • Integration with ARN

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AGM 2017

TRADING UPDATE

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After four months of trading, APN Group revenues are in line with strong 2016 comparatives on a pro-forma basis.

The radio market remained soft in March and April, on strong first half 2016 comps. ARN’s revenue YTD is behind expectations with the second half 2016 trend continuing into 2017. Further cost action has been taken, however earnings have been impacted by contracted cost increases.

Adshel’s performance improved significantly in March and forward bookings to June are in line with expectations. NZ is growing strongly on the back of accelerated digitisation while permits are obtained for some Australian locations. Revenue growth exceeds cost growth year to date.

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AGM 2017

WHY CHANGE THE NAME?

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• APN = Australian Provincial Newspapers

• Zero exposure to traditional publishing

• Move from a holder of media assets to an operator

• Re-position APN as Tier 1 media business

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• Uniquely positioned

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Our purpose is to
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We welcome relevant entertainment We welcome relevant education

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We reward brands that can deliver
We welcome relevant content
relevance with our attention
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Consumers are more open to marketing messages when out and about
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It’s the opposite to the in‐home experience

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Television down 4% Marketing in Outdoor Newspapers Motion channels down 12% up 8% are in growth Radio Magazines down 17% up 6% Digital up 16% SMI Data: 2016 v 2015 Media revenues in growth Media revenues in decline

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Our Unique Proposition

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DATA
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THANK YOU

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