Investor Presentaiton

For personal use only REGIONAL - TV & RADIO Regional revenue growth of 3.1% (on a like for like basis) $ millions FY17 FY18 FY17 Var. (excl NNSW) Var. . Regional Radio a consistent performer - 393.0 421.4 6.7% 381.0 3.1% Total Revenue Broadcast & Production Staff & Talent (110.6) (121.3) (8.8%) (71.2) (70.3) 1.2% Selling, General & Admin (96.5) (104.0) (7.2%) Total Expenses 5.3% (278.3) (295.6) (5.9%) (264.3) 125.8 8.8% 116.7 (1.7%) EBITDA 114.7 EBITDA Margin 29.2% 29.9% 30.6% revenue up 4.5% - driven by national revenues up 15% Regional TV continues to "buck the market trend" growing 3.5% Expenses up 5.3% (excl NNSW TV) due to higher revenue related costs, TX site rental and increased electricity costs EBITDA of $114.7m impacted by closure of Mall Media investment ($1.2m), FY17 profit on sale of assets ($3.0m) and benefit from transfer of sundry revenue ($2m) SOUTHERN CROSS AUSTEREO 20 absolutely engaging

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