Investor Presentaiton

For personal use only REGIONAL RADIO ADVERTISING REVENUES 152.8 147.6 165.4 162.1 172.9 Regional radio revenues grew 4.5%, consolidating 4.4% growth in the prior year and marking 7 th consecutive year of growth National revenues up 15.3% or $7.9m after concerted effort to educate and attract increased investment from national advertisers. Strong result and still "early days" Local revenues stable - aided by stronger yield management - respecting national advertisers naturally occupied a higher ratio of inventory FY14 FY15 FY16 FY17 FY18 SOUTHERN CROSS AUSTEREO 21 absolutely engaging

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