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OPERATIONAL REVIEW
ā
FY17 (excl
Var.
$ millions
Metro Revenue
FY18
FY17
Var.
NNSW)
242.7
247.2 (1.8%)
247.2
(1.8%)
Regional Revenue
393.0
421.4
(6.7%)
381.0
Corporate Revenue
18.4
22.2
(17.1%)
22.2
Total Revenue
Metro Expenses
Regional Expenses
Corporate Expenses
Total Expenses
Metro EBITDA
654.1
690.8
(5.3%)
650.3
(185.0) (187.1)
(1.1%)
(278.3) (295.6)
(5.9%)
(36.1) (30.7)
17.5%
(30.7)
(187.1)
(264.3) 5.3%
17.5%
3.2%
(17.1%)
0.6%
(1.1%)
(499.4)
(513.4) (2.7%)
(482.1)
3.6%
57.7
60.1
(4.0%)
60.1
Regional EBITDA
114.7
125.8
(8.8%)
116.7
(4.0%)
(1.7%)
Corporate EBITDA
(17.7)
(8.5)
(107.2%)
(8.5)
Total EBITDA
154.7
177.4
(12.8%)
168.3
107.2%
(8.1%)
Underlying EBITDA back 8.1% (adjusting for
sale of NNSW TV)
Metro revenues - "tale of two halves" with
improving momentum in H2 supported by
stronger ratings and rollout of Digital Radio.
commercial strategy
Metro expenses back 1.1% including
investment in new growth platform -
PodcastOne ~$2m
Regional expenses higher due to revenue
related costs, TX site rental and increased
electricity costs
Corporate expenses benefited from ~$5m
favourable non-recurring items in prior year
SOUTHERN CROSS AUSTEREO 14
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