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NZME Full Year Results to 31 December 2021

Wednesday 23rd February 2022

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NZME  Limited  (NZX:  NZM,  ASX:NZM)  (“NZME”)  has  announced its  financial  results  for  the  full  year  ended  31  December  2021,  reporting  5%  Operating  Revenue growth  to  $349.2  million,  Statutory  Net  Profit  After  Tax  (“NPAT”)  of  $34.4  million  and  Operating Earnings  Before  Interest  Tax  Depreciation  and  Amortisation  (“Operating  EBITDA”)1  of  $66.0  million. Operating  Earnings  Per  Share  (“EPS”)  increased  to  11.9  cents  per  share,  compared  to  11.3  cents per  share  in  20201. NZME  Chief  Executive  Michael  Boggs  says  he’s  proud  of  what  the  business  achieved  in  2021, despite  the  challenges  of  COVID-19. “As  I  reflect  on  2021,  I  am  very  proud  of  what  we  achieved,  especially  in  what  has  been  a  difficult and  uncertain  trading  environment  with  the  reintroduction  of  COVID-19  restrictions  across  the country.  We  grew  our  audience  reach  to  3.5  million2  across  our  platforms  and  achieved  strong financial  results,  growing  revenue  across  NZME’s  three  strategic  pillars:  Audio,  Publishing  and OneRoof. “I  am  also  incredibly  proud  of  the  important  role  NZME  played  in  keeping  Kiwis  in  the  know  with  the launch  of  The  90%  Project  and  the  business-wide  #RollUpYourSleevesNZ  campaign.  By  16 December,  90%  of  the  eligible  population  had  received  two  doses  of  the  vaccine,  helping  Kiwis  stay safe  against  COVID-19  and  go  about  their  daily  lives.  We  recognise  the  responsibility  that  comes with  acting  as  a  voice  of  record  for  New  Zealand  and  we  continued  to  use  our  platforms  and  reach to  make  a  positive  impact  to  our  community  in  2021,”  he  says.       NZME  demonstrated  progress  in  its  digital  transformation,  reporting  a  37%  increase  in  total  digital revenue  compared  to  the  2020  financial  year.   “NZME’s  ability  to  generate  advertising  revenue  has  remained  resilient  against  COVID-19  related headwinds  in  2021,  growing  13%  compared to  2020  despite  nationwide  COVID-19  restrictions  in  the second  half  of  2021.  Our commitment  to putting  customers  first,  especially  through  these  challenging times  resulted  in  a  strong  finish  to  the  year  with  November  and  December  2021  advertising  revenue exceeding  2019  levels  as  customers  utilised  NZME’s  platforms  to  build  their  own  brands,”  says Boggs.     



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