______

John McCann Group Chief Executive

Preliminary Results Norman McKeown 2013 Group Finance Director Scott Taunton Managing Director UTV Radio GB

______

Some statements in this presentation are forward looking. They represent expectations for UTV’s business and involve risks and uncertainties. UTV has based these forward looking statements on current expectations and projections about future events. UTV believes that expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties and other factors, which are in some cases beyond UTV’s control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.

______

Page ❏ The UTV Group 1 ❏ Highlights 2 ❏ Divisional Business Review - Radio GB 3 - Radio Ireland 5 - Television 7 - New Media 10 ❏ Financial Overview 11 ❏ Conclusion & Outlook 16 ❏ Company Information 17

______THE UTV GROUP

Operates the no.1 commercial national speech station Largest operator of ILR stations in Ireland with - , 13 Independent Local Radio (ILR) stations in (2), (2), Belfast, Limerick and stations, a number of digital radio multiplexes /. throughout GB and Sport magazine - the UK’s biggest sports magazine.

Continuing * Discontinued ITV franchise holder for with highest penetration of all media, also receivable in 78% of homes with television in the Republic of - hosting and connectivity - internet service provider Ireland.

- full service digital agency - three web portals ______* included in Television from January 2014 1 ______HIGHLIGHTS Revenue * Operating Profit * 2013 2012 Variance 2013 2012 Variance £m £m % £m £m % H1 51.6 57.8 (11%) 7.9 12.3 (36%) H2 56.3 54.5 3% 12.2 11.1 10% FY 107.9 112.3 (4%) 20.1 23.4 (14%)

* from continuing operations including income from associates

❏ H1- Impacted by Euro 2012 tournament in prior year. Challenging trading conditions across UK and Ireland ❏ H2 - Growth in revenue from improving market conditions (particularly Ireland) ❏ Strong audience share across Radio and Television ❏ talkSPORT successfully renewed exclusive national audio broadcasting rights for Premier League packages to 2016 ❏ Radio and Television broadcasting focus - New Media businesses being divested (£1.2m exceptional charge) ❏ Cost savings realised from Group restructuring coupled with Simply Zesty reorganisation ❏ Net debt £49.1m (31 December 2012: £49.4m) ______❏ Final dividend of 5.25p, to be paid on 15 July 2014 (2012: 5.25p) 2 ______RADIO GB | Audience ❏ Portfolio includes talkSPORT (one of three ❏ talkSPORT remains the most efficient broadcaster for Independent National Radio stations) and 13 ILR stations advertisers with the highest proportion of male throughout England and Wales audience of any UK broadcast media

❏ talkSPORT was listened to by 3.2m adults in Q4 2013 ❏ National Premier League rights renewed for a further for an average of 6.3 hours per week three years to 2016 as well as exclusive agreements reached for Global audio rights ❏ Our local stations were listened to by 1.2m adults in Q4 2013 for an average of 8.3 hours per week ❏ Further international partners agreed in countries including China, Malaysia, Vietnam, Singapore and U.S. ❏ Sport magazine, which had an ABC audited weekly circulation of 304,000 in H2 2013 and readership of ❏ Premier League matches now being broadcast in eight 448,000, is the UK’s biggest sports magazine languages and in 24 countries

National Radio Stations Weekly Reach Broadcast Media Profiles 100% Q1 2006 - Q4 2013 160

140 75%

120

100 50%

80

60 25%

40 0%

Q1 06 Q3 06 Q1 07 Q3 07 Q1 08 Q3 08 Q1 09 Q3 09 Q1 10 Q3 10 Q1 11 Q3 11 Q1 12 Q3 12 Q1 13 Q3 13 Men ABC1 Men Men 16-34 talkSPORT Sky Sports BT Sport TalkSPORT All Commercial Total Absolute Radio Daily Telegraph Radio 5 Live Radio 5 Live Classic ______Source: RAJAR Q4 2013 Source: RAJAR/IPSOS MORI/RSMB/Q4 2013, BARB Jan 2014, NRS Jul-Dec 2013 3 ______RADIO GB | Results & Outlook talkSPORT (incl. talkSPORT International) Local Radio

❏ National radio market was down by 5% in 2013 ❏ The local market was up by 4% in 2013

❏ talkSPORT revenue decreased by 10% to £29.5m ❏ Our local radio airtime revenue increased by 6% (2012: £32.9m). 7% of this decline relates to Euro 2012. ❏ Other local revenue (national sales and multiplex) ❏ Operating costs of £26.1m (2012: £25.0m) with decreased by 17% but is expected to stabilise in 2014 increase largely due to full year of talkSPORT International ❏ Total revenue decreased by 2% to £21.1m (2012: £21.6m) ❏ Operating profit decreased by £4.5m to £3.4m (2012: ❏ Operating costs were maintained at £16.5m (2012: £7.9m) including a £0.4m loss in talkSPORT £16.5m) International (2012: £0.9m loss) ❏ Operating profit of £4.6m (2012: £5.1m)

Year ended 31 December Current Trading and Outlook 2013 2012 Change £m £m £m Turnover ❏ The total radio advertising market in Q1 is expected talkSPORT 29.5 32.9 (3.4) to be up by 3% Local Radio * 21.1 21.6 (0.5) 50.6 54.5 (3.9) Operating costs ❏ Radio GB revenue is forecast to be up by 7% in Q1 talkSPORT 26.1 25.0 (1.1) and 17% in April Local Radio 16.5 16.5 - 42.6 41.5 (1.1) ❏ Our local radio revenue is expected to be flat in Q1 Operating profit talkSPORT 3.4 7.9 (4.5) and up 3% in April Local Radio * 4.6 5.1 (0.5) 8.0 13.0 (5.0) ❏ talkSPORT revenue is expected to be up by 12% in Q1 and at least 25% in April H1 2.5 6.7 (4.2) H2 5.5 6.3 (0.8) ______* Includes associate income £0.1m (2012: £0.1m) 4 ______RADIO IRELAND | Audience ❏ UTV has market leading stations in the major urban areas in Ireland Group owned stations 1. Q102 2. FM104 ❏ In 2013 UTV also sold airtime in two other major 3. 96FM urban areas, being Galway and the South East region 4. 5. Live95FM 6. LMFM ❏ Urban Access national daily reach was 818,000 at 7. .8FM * December 2013 Other Urban Access stations ❏ U105 in Belfast, which broadcasts to a population of 8. Galway Bay FM 887,000, had a weekly reach of 195,000 adults 9. Beat FM * Not included in Urban Access

Daily Reach v National Broadcasters Listenership Data 1,000,000 Weekly Market Reach Share 750,000 FM104/Q102 Dublin 45% 19%

500,000 96FM/C103 Cork 68% 47% Live 95FM Limerick 75% 37% 250,000 LMFM Drogheda 34% 31% U105.8FM Belfast 22% 13%

Urban Access RTE Radio 1 2FM Today FM ______Source: JNLR / Ipsos MRBI 2013- 4 Source: JNLR / Ipsos MRBI 2013 - 4 / RAJAR Q4 2013 5 ______RADIO IRELAND | Results & Outlook

❏ Agency feedback suggests that the Irish Radio market ❏ Total turnover of £20.8m (2012: £20.9m) revenue was down by 10-12% in 2013. - a decrease of 5% at constant FX - an overall decrease of 1% including FX gain of £0.8m

❏ Operating costs were £15.7m (2012: £14.9m) ❏ Our Urban Access package supported by our leading - a 1% increase at constant FX due mainly to market positions in each of the key urban areas has restructuring costs of £0.4m in H2 less variable cost been instrumental in our strong market performance savings - an overall increase of 4% including FX loss of £0.6m

❏ Operating profit in the period decreased to £5.1m (2012: £6.0m) - a decrease of 17% at constant FX - a decrease of 14% including FX gain of £0.2m

Year ended 31 December Current Trading and Outlook 2013 2012 C h an ge £m £m £m ❏ Agency feedback suggests that the radio advertising Turnover market in Q1 is expected to be up circa 2% Agency 12. 8 13. 6 ( 0. 8) L ocal 7. 6 7. 0 0. 6 ❏ In Q1 our radio advertising revenue is expected to O ther 0. 4 0. 3 0. 1 increase by 9% at constant FX - increase of 7% including FX 20.8 20.9 (0.1)

O p e rati n g c o st s 15.7 14.9 (0.8) ❏ Waterford City’s WLR joining the Urban Access package for its national radio sales from April 2014 O p e rati n g p ro fit 5.1 6.0 (0.9) (replacing youth station Beat FM) - will bring a stronger urban audience

H1 2.1 3.1 (1.0) ❏ The Irish advertising radio market remains very short term but at this stage it is our expectation for H2 3.0 2.9 0.1 ______year on year single digit growth in April 6 ______TELEVISION | Audience ❏ First year of peak-time market share growth since ❏ With a 26.2% market share in Northern Ireland UTV 2004 following digital switch over in October 2012 is well placed in a recovering television market

❏ UTV has continued to outperform the ITV Network ❏ UTV had a 5.1% peak-time share of commercial and in 2013 it had: channels in in multi-channel homes - 17% more viewership than ITV

- 51% more viewership than BBC1 NI ❏ Local programme ‘Rare Breed’ matching the performance of Eastenders in our market - almost 5 times the viewership of Channel 4, our nearest commercial competitor

Viewership Viewership January - December 2013 January - December 2013 Peak-time (%) Peak-time (%) 41.1 40 40 38.1

29.1 30 28.1 30 26.9 25.9 26.2 26.2 23.7 23.4 22.7 22.3 21.3 22.3 21.4 20 20 17.3

10 10 7.5 6.2 5.0 5.5 4.9 4.5

0 0 UTV/ITV BBC1 BBC2 C4 Five Other 2009 2010 2011 2012 2013 UTV ITV 1 Network N. Ireland UK ______Source: BARB/AdvantEdge Source: BARB/AdvantEdge 7 ______TELEVISION | Results & Outlook

❏ UK television advertising market increased by 3% in ❏ Total turnover decreased by 2% to £31.9m (2012: the year £32.5m) reflecting the decrease in London revenues

❏ Our revenue from London was behind the ITV Network (ITV1) due to customer mix / spread of ❏ Operating costs decreased by £0.5m to £24.5m advertising campaigns (2012: £25.0m) with restructuring costs of £0.6m more than offset by savings in programming and digital costs ❏ UTV Net Advertising Revenue (NAR) was down by 1% in 2013 due to a reduction in London revenues ❏ Operating profit decreased by £0.1m to £7.4m (2012: ❏ Belfast and Dublin NAR increased by 2% £7.5m)

Year ended 31 December 2013* 2012* Change Current Trading and Outlook £m £m £m ❏ UK television advertising market is expected to be up Turnover by circa 4% in Q1 2014 London 17.5 18.1 (0.6) Belfast 6.9 6.8 0.1 ❏ NAR in our television operations is expected to increase by 7% in Q1 and 12% in April Dublin 4.5 4.4 0.1 Sponsorship 1.6 1.6 - ❏ Belfast and Dublin NAR anticipated to be up 11% in Q1 Other 1.4 1.6 (0.2) and 5% in April 31.9 32.5 (0.6) ❏ Television divisional revenue in this period (NAR & Operating costs 24.5 25.0 0.5 Other income) is expected to increase by 5% in Q1 and Operating profit 7.4 7.5 (0.1) by 10% in April

H1 3.4 4.2 (0.8) ❏ Continued outperformance in audience share and peak H2 4.0 3.3 0.7 time viewership ______* excludes central costs now reported separately 8 ______TELEVISION | UTV Ireland

❏ November 2013 - Agreement signed with ITV Studios Global Entertainment for exclusive broadcasting rights for ITV Studios programmes for the Republic of Ireland audience from Jan 2015

❏ 2014 - Signed television content provision contract with Broadcasting Authority of Ireland (BAI) under section 71 of the Irish Broadcasting Act

- Station Build: - Projections of Capex £8.0m and Start up costs < £3.0m

- Creation of >100 jobs with Dublin based office supported by newsgathering and reporting presence in Cork, Galway, Waterford and Limerick

❏ 2015 - Broadcasting to commence - high quality news, current affairs, entertainment & drama

- Target - to move to breakeven in 2015 ______9 NEW MEDIA | Results & Outlook ______Continuing Operations Discontinued Operations

Year ended 31 December Discontinued Operations 2013 2012 * Change Year ended 31 December £m £m £m 2013 2012 Change Turnover £m £m £m Tibus 1.9 2.0 (0.1) Turnover Simply Zesty ** 2.7 2.4 0.3 4.6 4.4 0.2 Connect & Portals 7.0 7.9 (0.9) Operating costs Operating costs Tibus 1.5 1.6 0.1 Simply Zesty ** 0.8 2.2 1.4 Connect & Portals 6.8 7.6 0.8 2.3 3.8 1.5 Operating profit Operating profit Tibus 0.4 0.4 - Connect & Portals 0.2 0.3 (0.1) Simply Zesty ** 1.9 0.2 1.7 2.3 0.6 1.7 Exceptional costs* (1.2) - (1.2) *Includes Simply Zesty from March 2012 ** Simply Zesty includes Tibus Digital Agency business *Exceptional costs largely comprise asset write downs in UTV Connect

❏ Tibus and Simply Zesty have direct linkages to the TV ❏ Strategic review has resulted in decision to divest of and Radio divisions - UTV Connect ❏ Results of Simply Zesty impacted by a £1.1m gain in H1, largely from the acquisition of corporate shareholder - Recruit NI rights, and a restructuring gain of £1.1m in H2 - UTV Drive ❏ Anticipated profit of these businesses circa £1.0m in ______2014 - PropertyPal 10 ______FINANCIAL OVERVIEW | P&L

❏ Turnover from continuing operations of £107.9m Year ended 31 December (2012: £112.3m) 2013 2012 Change - decrease of 5% at constant FX £m £m £m - overall decrease of 4% including FX gain of £0.8m Radio GB* 50.6 54.5 (3.9) Radio Ireland 20.8 20.9 (0.1) Television 31.9 32.5 (0.6) ❏ Operating costs of £87.8m (2012: £88.9m) New Media 4.6 4.4 0.2 - a 2% decrease at constant FX Turnover 107.9 112.3 (4.4) - overall decrease of 1% including FX loss of £0.6m Radio GB 42.6 41.5 (1.1) Radio Ireland 15.7 14.9 (0.8) ❏ Central costs of £2.7m (2012: £3.7m) largely as Television 24.5 25.0 0.5 result of reduction in pension costs and professional New Media 2.3 3.8 1.5 fees Central costs 2.7 3.7 1.0 Operating costs 87.8 88.9 1.1

❏ Group operating profit of £20.1m in 2013 (2012: Radio GB 8.0 13.0 (5.0) £23.4m) Radio Ireland 5.1 6.0 (0.9) - down 15% at constant FX Television 7.4 7.5 (0.1) - overall decrease of 14% including FX gain of £0.2m New Media 2.3 0.6 1.7 Central costs (2.7) (3.7) 1.0 Operating 20.1 23.4 (3.3) ❏ Average €:£ exchange rate for 2013 was 1.18 profit** (2012: 1.23)

* Includes associate income £0.1m (2012: £0.1m) ______** From continuing operations 11 ______FINANCIAL OVERVIEW | P&L

❏ Net finance costs were reduced by 13% to £3.0m Year ended 31 December (2012: £3.4m) due to lower interest rates and debt levels 2013 2012 Change £m £m £m ❏ Group profit before tax of £16.9m (2012: £20.1m) Group operating 20.1 23.4 (3.3) ❏ Effective tax rate of 20% (2012: 21%) profit Net finance costs (3.0) (3.4) 0.4 ❏ Exceptional tax credit of £1.2m (2012: £1.0m charge) FX (0.2) 0.1 (0.3) due to: - Deferred tax credit of £2.6m (2012: £1.5m) Group profit 16.9 20.1 (3.2) relating to change in future UK corporation tax before tax from 23% to 20% (2012: 25% to 23%) - Deferred tax charge of £1.4m (2012:£2.5m) Taxation (3.4) (4.2) 0.8 relating to change in capital gains tax in the ROI Discontinued 0.2 0.3 (0.1) from 30% to 33% (2012: 25% to 30%) operations Profit before ❏ Exceptional costs of £1.2m (2012: £nil) relating to 13.7 16.2 (2.5) exceptional items restructuring and impairment of assets in discontinued operations Exceptional items - tax 1.2 (1.0) 2.2 ❏ Group profit after exceptional items and including Exceptional items - discontinued (1.2) - (1.2) discontinued operations of £13.7m (2012: £15.2m) operations Profit after ❏ Diluted adjusted EPS of 14.27p (2012: 16.63p) 13.7 15.2 (1.5) exceptional items ❏ Recommended final dividend payment of 5.25p (2012: 5.25p), maintaining the total dividend payment at 7.00p Diluted adjusted earnings per share from (2012: 7.00p) continuing operations (pence) ______14.27 16.63 (2.36) 12 ______FINANCIAL OVERVIEW | Cash Flow Year ended 31 December ❏ Free cash flow from operations of £15.7m (2012: 2013 2012 Change £17.4m) £m £m £m

❏ Capital expenditure of £1.8m in the year largely due EBITDA 22.2 25.4 (3.2) to studio refurbishments in Radio GB Income from associates 0.1 0.2 (0.1)

❏ Working capital outflow of £1.7m (2012: £6.0m Capital expenditure (1.8) (2.2) 0.4 outflow) largely relating to the move to the new TV Working capital (1.7) (6.0) 4.3 Network Affiliate Arrangement Contingent consideration (2.9) - (2.9) Exceptional costs ❏ Contingent consideration and acquisitions in 2013 (0.2) - (0.2) (discontinued) reflecting Simply Zesty buyout Free cash flow from 15.7 17.4 (1.7) ❏ Finance costs decreased to £2.2m (2012: £2.7m) due operations to the lower debt level together with lower interest rates Finance cost (2.2) (2.7) 0.5 ❏ Tax outflow of £2.5m (2012: £1.2m) reflecting the Refinancing costs - (1.1) 1.1 utilisation of tax losses in 2012 Tax (2.5) (1.2) (1.3) ❏ Cash effective rate of tax of 15% (2012: 6%) Equity dividends paid (6.7) (5.9) (0.8) Minority dividends (0.5) (0.3) (0.2) ❏ Discretionary pension funding of £1.2m per annum agreed until 2015 Acquisitions (0.2) (1.9) 1.7 Discretionary pension (1.2) (1.2) - ❏ Other pension outflow of £1.4m relates to closure of Other pension (1.4) - (1.4) Executive Pension Scheme Debt translation (0.4) 0.5 (0.9) ❏ Closing €:£ exchange rate at 31 December 2013 was Other (0.3) 1.7 (2.0) 1.20 compared to 1.23 at 31 December 2012, generating a translation outflow of £0.4m (2012: £0.5m inflow) Cash inflow/ (outflow) 0.3 5.3 (5.0) Opening net debt (49.4) (54.7) 5.3 ______Closing net debt (49.1) (49.4) 0.3 13 FINANCIAL______OVERVIEW | Debt Profile & Facilities ❏ Net debt reduced to £49.1m at 31 December 2013 Net Debt (31 December 2012: £49.4m) 31 December 2013 2012 Change £m £m £m ❏ Group debt facilities comprise: Bank loans - £65m revolving credit facility Current 3.9 3.9 - - €25m five year term loan - €7.5m repaid Non Current 55.9 56.5 0.6 59.8 60.4 0.6 - Overdraft facilities of £4m and €2m Less Cash 10.7 11.0 0.3 Net Debt 49.1 49.4 0.3 ❏ Banking facilities in place until 31 May 2017 Facilities as at 31 December 2013 ❏ Total borrowings of £59.8m comprise bank loans of Facility Utilised Unutilised £46.0m and €17.5m (£14.5m), Euro rate 1.20 (2012: Total 1.23), and are stated net of deferred financing costs of £m £m £m £0.7m (2012: £0.9m) Facility A (RCF) 65.0 46.0 19.0 Facility B (€17.5 term loan) 14.5 14.5 0.0 ❏ Total borrowing facilities at 31 December 2013 of Overdraft ** 5.7 0.0 5.7 £85.2m with unutilised facilities of £24.7m 85.2 60.5 24.7 ** Overdraft unutilised £4.0m and €2m (£1.7m) ❏ Net Debt/EBITDA at 31 December 2013 was 2.31x (2012: 1.91x). Margins* Covenant test of 3.50x (2012: 3.50x) Net Debt/EBITDA Applicable margin 3.00 - 3.50 3.50% ❏ EBITDA/Interest cover of 9.78x (2012: 9.94x) 2.50 - 3.00 3.00% 2.00 - 2.50 2.50% Covenant ratio of 3.25x (2012: 3.25x) 1.50 - 2.00 2.25% Less than 1.50 2.00% ______* Effective from 31 May 2012 14 ______FINANCIAL OVERVIEW | Balance Sheet

❏ Intangibles increased by £1.0m from 31 December Balance Sheet 31 December 2013 as a result of FX movement on ROI intangibles As at: 2013 2012 Change offset by write off of goodwill on discontinued operations £m £m £m Intangible assets 177.6 176.6 1.0 Fixed assets 11.9 11.9 - ❏ Deferred tax assets decreased by £2.3m from Investments 0.1 0.1 - December 2012 predominantly due to the decrease in Deferred tax 1.9 4.2 (2.3) deferred tax on the pension liability Total non-current 191.5 192.8 (1.3) assets ❏ Trade & other receivables decreased by £1.6m reflecting strong cash collection Stock 1.8 1.6 0.2 Trade & other 23.6 25.2 (1.6) receivables ❏ Trade & other payables decreased by £1.8m due Cash & deposits 10.7 11.0 (0.3) largely to move to Network Affiliate Agreement Total current 36.1 37.8 (1.7) assets Bank loans reduced by £0.6m to £59.8m (Dec 2012: ❏ Total assets 227.6 230.6 (3.0) £60.4m) due to net repayments of £1.2m, adverse FX movements of £0.4m and a movement of £0.2m in Trade & other payables (24.2) (26.0) 1.8 deferred financing costs Loans (59.8) (60.4) 0.6 ❏ The pension scheme as at 31 December 2013 Deferred consideration 0.0 (2.9) 2.9 Deferred tax liability (35.1) (36.1) 1.0 comprises assets of £87.7m (Dec 2012: £77.9m) and liabilities of £92.3m (Dec 2012: £90.3m) Pension liability (4.6) (12.4) 7.8 Other (2.8) (3.8) 1.0 Total liabilities (126.5) (141.6) 15.1 ❏ The pension deficit decreased by £7.8m to £4.6m (Dec 2012: £12.4m) due principally to growth in scheme NET ASSETS 101.1 89.0 (12.1) assets EQUITY & 101.1 89.0 (12.1) ______RESERVES 15 ______CONCLUSION & OUTLOOK Revenue * 2013 2012 Variance £m £m % FY 107.9 112.3 (4%) H1 51.6 57.8 (11%) H2 56.3 54.5 3%

2014 2013 Variance Q1 Forecast 27.6 26.0 6%

* from continuing operations

❏ April expected to show strong growth as anticipated

❏ talkSPORT will benefit from growth associated with 2014 World Cup. talkSPORT International moving to full year profit in 2014

❏ Irish revenue to benefit from any Irish economic recovery

❏ Plans to launch UTV Ireland to complement our existing and well-established broadcast activities ______16 ______COMPANY INFORMATION

Listing Particulars Analyst Coverage

Exchanges: London & Dublin Numis Paul Richards Tickers: UTV LN / UTV ID Goodbody Gavin Kelleher Indices: FTSE Small Cap / ISEQ

Shares in issue: 95.9m Shore Capital David O’Brien

Freefloat: 88.8% Davy Simon McGrotty

Contacts Contacts John McCann UTV Media plc [email protected] Ormeau Road Group Chief Executive Belfast BT7 1EB Norman McKeown [email protected] Northern Ireland Group Finance Director

Scott Taunton t: +44 289 032 8122 Managing Director, [email protected] w: utvmedia.com UTV Radio GB twitter: @UTV Orla McKibbin [email protected] ______Head of Communications 17