2019 Overview
For personal use only Annual Report 2019 OVERVIEW During FY19, Nine completed the merger with Fairfax Media, creating Australia’s leading integrated media business. Nine today has a clearly diversified earnings base, with four key operational pillars — Broadcasting, Digital and Publishing, Stan as well as a 59% stake in Domain. These businesses are all at different stages of their evolution, and are all scale businesses in their own right. In FY19, on a Pro Forma basis, the traditional Broadcasting business contributed just over half of Group revenue, down from 84% in FY18, marking a real change in the drivers of Nine for the future. Result in brief In FY19, Nine reported Group EBITDA of $350 million, up 36% on FY18, driven by a 40% increase in Group Revenues to $1.8 billion, reflecting the impact of the merger with Fairfax from 7 December. On a continuing business basis, Statutory Net Profit after Tax and Specific Items, which were predominately accounting led non-cash items, was $217 million, up 3%. On a Pro Forma basis, NEC reported Group EBITDA of $424 million, up 10% on FY18, on revenue of $2.3 billion. Net Profit after Tax and minority interests increased by 16% to $198 million compared to the FY18 result. Earnings per share was 11.6 cents, (+16%) and a full-year dividend of 10c per share, fully franked, was declared. Revenue1 split FY19 10% Pro Forma EBITDA growth driven by 300 7% 250 -11% 9% 200 150 +56% 100 54% -17% 30% 50 0 +48% -50 +56% +48% -100 FY18 FY19 Broadcasting Domain Digital & Publishing Stan Broadcasting Digital &
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