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Investor Presentaiton

For personal use only METRO RADIO • $ millions Total Revenue FY18 FY17 Var. 242.7 247.2 (1.8%) Broadcast & Production (13.9) (13.2) (5.3%) Metro Radio revenues down 1.8%, impacted by H1 performance (-3.7%) Metro full year market grew by 4.0% in FY18 aided by strong growth in H2 at 5.8% Staff & Talent (74.2) (75.0) 1.1% Metro revenues rebound in Q4 following Selling, General & Admin (96.9) (98.9) 2.0% Total Expenses (185.0) (187.1) 1.1% EBITDA 57.7 60.1 (4.0%) stronger ratings and implementation of "digital stack" strategy Expenses were back 1.1% and this includes ~ $2m investment in PodcastOne EBITDA Margin 23.8% 24.3% SOUTHERN CROSS AUSTEREO 16 absolutely engaging
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