Investor Presentaiton

For personal use only ADVERTISING REVENUE ANALYSIS BY HALF H1 H2 1.9% (3.7%) Metro Radio 3.7% 5.4% 5.3% 2.8% 1.7% 1.4% Regional Radio Regional TV Total Advertising Revenue (exc. NNSW) H2 FY18 advertising revenue growth 2.8% Metro Radio - advertising revenue rebounds in H2. Q4 Metro radio revenues +8%, positively influenced by stronger audiences & "digital stack" strategy Regional Radio continues to benefit from stronger national investment Growth skewed towards higher margin radio revenues, resulting in favourable cost outcome Regional TV continued growth in revenue and market share - SOUTHERN CROSS AUSTEREO absolutely engaging 15

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