Investor Presentaiton

For personal use only DEBT REDUCTION PROGRAM $m's 506.9 Net Debt 340.2 321.0 304.0 Jun 2015 Jun 2016 Jun 2017 Jun 2018 Debt Reduction Program has been a priority for the company in last three years, debt levels. reduced by ~$200m since 2015 Net debt reduced further in FY18 to $304m Cycling out of low to negative growth and "back of house" assets - e.g. NNSW TV, transmission assets & excess land & buildings Successfully refinanced $500m facility for a further three years to 2021 - currently $360 million drawn facility $300m (83%) fixed at 2.4% base interest rate for the term SOUTHERN CROSS AUSTEREO 10 absolutely engaging

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