Investor Presentaiton

$US Dollars in millions Q2 YTD 2022 Financial Results Six Months Ended June 30, 2022 2021 Variance Revenue $ 1,797.5 $ 1,568.3 14.6 % Direct operating expenses 695.9 613.3 13.5 % SG&A expenses 763.4 715.0 6.8 % Depreciation & amortization 224.8 235.3 (4.4)% Impairment charges 1.6 37.7 Other operating expenses 16.5 15.2 Operating income (loss) $ 95.2 $ (48.2) Depreciation & amortization 224.8 235.3 Impairment charges 1.6 37.7 Other operating expenses 16.5 15.2 Share-based compensation 14.1 11.6 Restructuring expenses Adjusted EBITDA 30.1 35.2 $ 382.4 $ 286.8 33.4 % 18 Notes: In this presentation, Adjusted EBITDA is defined as consolidated Operating income adjusted to exclude restructuring expenses included within Direct operating expenses and Selling, General and Administrative expense ("SG&A") and share-based compensation expenses included within SG&A, as well as the following line items presented in our Statements of Operations: Depreciation and amortization; Impairment charges; and Other operating expense (income), net. See reconciliations in the Appendix. ¡Heart MEDIA

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