Professional Documents
Culture Documents
FY13 RESULTS P R E S E N T A T I O N
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Confidential property of Ten Network Holdings
HAMISH McLENNAN
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OVERVIEW
2013 has been another year of significant change for TEN New strategic focus and stability following the appointment of CEO with: New programming strategy targeting 25 to 54s with a young at heart focus Commitment to compete and investment in content including T20 Big Bash League, Sochi Winter Olympics, new So You Think You Can Dance, Party Tricks, Secrets & Lies Reinvigorated TEN Eyewitness News, launch of Wake Up and Studio 10 industry-leading tenplay Digital platform focus with the acclaimed launch of industry Renewed focus on key clients; increased business from Woolworths, Mitsubishi, Volkswagen Audi, Luxottica, Chrysler, Sony, Village Roadshow Revenue model expanded with the launch of InTENsify and Generate Recruitment of key onon-air talent Recruitment of new, industryindustry-best senior executives
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Capital Raising of $222.8m (net of costs) in December 2012 Net debt reduced by $235m to $28m Underlying loss attributable to members of $5.0m No final dividend to be paid for FY13
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CORPORATE
Significant new fourfour-year, $200m Financing Facility announced: No financial banking covenants Allows greater flexibility to invest in new programming initiatives Investment will be strategic, prudent and measured Reflective of confidence by three major TEN shareholders Subject to shareholder approval at AGM
Strict cost control that started in 2011 will continue New and improved affiliate agreement signed for three years with Southern Cross Media Sale of Eye ANZI and UK
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PROGRAMMING HIGHLIGHTS
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2013 RATINGS
Since late July, TENs 25 to 54 audience has grown
6pm to 10:30pm
7:30pm to 10:30pm
+6%
2012 2013
+9%
Source: OzTAM, 5 City Metro, Weeks 31 to 41 2013 vs. Weeks 31 to 41 2012, TEN audience, 18:00-22:30, 19:30 to 22:30, 25 to 54s, Overnight
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2013 RATINGS
Network Ten delivers less wastage in 25 to 54s
53%
55+ 27%
49%
25-54
0-24 21%
0-24 16%
43 43% %
25-54 25-54 25
25-54
55+ 41%
Source: OzTAM, 5 City Metro, Weeks 7 to 41 2013 (excl. Easter Weeks 13 & 14), Network Totals including Primary and Multi-channels, 18:00-22:30, Adhesion, Consolidated (excluding Week 41 which is Overnight)
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2013 RATINGS
TENs median age is in the middle of the 25 to 54 demographic
MEDIAN AGE
MEDIAN AGE
MEDIAN AGE
42
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45
Confidential property of Ten Network Holdings
49
Source: OzTAM, 5 City Metro, Weeks 7 to 41 2013 (excl. Easter Weeks 13 & 14), Primary Channels, Median Age, 18:00-22:30, Consolidated (excluding Week 41 which is Overnight)
2013 RATINGS
Network Ten: #1 in Daytime for the 13th consecutive year
#1
36.3%
#1
38.0%
#1
37.0%
#1
37.1%
Total People
25 to 54s
Under 55s
Women
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Source: OzTAM, 5 City Metro, Weeks 7 to 41 2013 (excl. Easter Weeks 13 & 14), Network Totals including Primary and Multi-channels, 09:00-18:00 Mon to Fri, Consolidated (excluding Week 41 which is Overnight)
Confidential property of Ten Network Holdings
#1
#2
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#1
#2
MultiMulti-channel combination in daytime in total people, 25 to 54s and under 55s MultiMulti-channel combination all day and night in 25 to 54s, 16 to 39s and under 55s
MultiMulti-channel combination all day and night in 25 to 54s, 16 to 39s and under 55s
Source: OzTAM, 5 City Metro, Weeks 7 to 41 2013 (excl. Easter Weeks 13 & 14), 09:00-18:00 Mon to Fri, 06:00-24:00 Sun to Sat, Consolidated (excluding Week 41 which is Overnight)
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DIGITAL
TEN will transform into a multimulti-platform media company Best in class products and audience experiences around our shows Engaging rich content experiences Better process and structure Zeebox now 100,000 active users and 700,000 downloads
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DIGITAL
TV anywhere, anytime, on any device Catch up on TV shows youve missed Exclusive content and information, social media Set reminders and access a complete TV guide Strong ad revenue growth. Premium ad bundles Since launch: Page views up 35% | Video views up 9% | Unique visitors up 10% | Time spent on site up 25% | Downloads 30% above target
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OUTLOOK
Advertising market conditions remain short and the outlook uncertain Strict cost control to continue
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PAUL ANDERSON
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Discontinued operations loss of $5.9m (EYE ANZI and UK) Capital Raising of $222.8m (net of costs) in December 2012 Net debt reduced by $235m Underlying loss attributable to members of $5.0m No final dividend to be paid for FY13 Announcement today of a new $200m Financing Facility subject to shareholder approval at the AGM
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Onerous contract provisions of $26.4m (2012: $21.2m) for Television and $2.1m (2012: $5.2m) for Outdoor have been released during the period. The information contained on this page may not necessarily be in statutory format. A full reconciliation of EBIT is provide in Appendix 4E and TNHL Annual Report for the year ended 31 August 2013.
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The information contained on this page may not necessarily be in statutory format. Refer to the Appendix 4E and TNHL Annual Report for the year ended 31 August 2013 for statutory format.
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The information contained on this page may not necessarily be in statutory format. Refer to the Appendix 4E and TNHL Annual Report for the year ended 31 August 2013 for statutory format.
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The information contained on this page may not necessarily be in statutory format. Refer to the Appendix 4E and TNHL Annual Report for the year ended 31 August 2013 for statutory format
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Maturity
Covenant
150 80 230
150 150 (122) 28 < 4.0x 3.59x 0.66x > 3.0x 4.39x
at Bank for Aug 2012 includes $3m classified as Assets Held for Sale in the Appendix 4E and TNHL Annual Report for the year ended 31 August 2013..
The information contained on this page may not necessarily be in statutory format. Refer to the Appendix 4E and TNHL Annual Report for the year ended 31 August 2013 for statutory format.
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OneOne-off events in FY14 include the XXII Olympic Winter Games in Sochi, Russia, and the XX Commonwealth Games in Glasgow, Scotland, which will add a further $55m Cost control and efficiencies remain a focus
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QUESTIONS
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