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NZME Limited (NZX: NZM) Momentum builds as NZME releases three-year strategy

Monday 16th November 2020

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NZME Limited (NZX: NZM , ASX: NZM) is excited to present its three-year strategy through a virtual Investor Day.

Today, NZME’s Chairman, Barbara Chapman, will introduce the session by setting out the guiding principles to ensure the priorities and initiatives being worked on by the NZME team sit within a robust set of parameters designed to ensure they deliver to the expectations of NZME’s customers, and through them to NZME’s shareholders:

• Customer first

• Win with quality

• Digital acceleration

• Audience expansion

• Top performance

 

CEO Michael Boggs will introduce NZME’s three strategic priorities through to 2023:

• New Zealand’s leading audio company

• New Zealand’s Herald

• OneRoof – your complete property destination

 

Performance Overview

NZME’s Chief Financial Officer, David Mackrell, will provide an update on performance and will reiterate that cost saving initiatives in FY20 have resulted in permanent savings of $20 million per annum.

Mr Mackrell will also outline plans for increased reporting transparency with new divisional reporting for the audio, publishing and OneRoof divisions, along with target profitability margins into the future.

Investors attending today’s virtual presentation will also be supplied with detail of the EBITDA margin growth NZME is targeting for each of its strategic divisions.

NZME’s revised Dividend Policy, announced Tuesday 10 November, is set out in the NZME 2020 Investor Day Presentation. NZME’s Board expects to be able to consider a dividend payment when facility terms permit after 30 June 2021.

 

See the links below for more details:

Momentum builds as NZME releases three-year strategy

NZME 2020 Investor Day Presentation

Source: NZME Limited



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