Southern Cross Media Group (SXL) investor relations material

Meeting and agenda

• Quorum confirmed and reports for the year ended 30 June 2026 received; voting opened on business items, with polls to decide resolutions 2–13. Agenda included director elections, remuneration, CEO rights, a name change and shareholder resolutions.

Financial performance

• FY26 pro forma revenue was AUD 1.87bn, down AUD 87m (4.4%); a AUD 125m market contraction impact was partly offset by AUD 41m from share growth.

• EBITDA was AUD 192m excluding onerous contracts and AUD 200m including them, down 15.8% and 12.8%, respectively; margin was 10.3%, down 1.4 ppt.

• Total expenses were AUD 1,678m, down AUD 51m (3.0%); merger synergies were AUD 30m. NPAT was AUD 10m, down AUD 13m (58%), with AUD 33m of merger and restructuring significant items.

• Net debt was AUD 363m, up AUD 6m (1.6%); leverage was 1.8x, up 0.3x. A AUD 569m cross-group syndicated facility was in place, with AUD 41m FY26 cash flow available to service debt.

• TV audience grew 9.5% YoY and 7plus grew ~50%; metropolitan audio led the 25–54 audience for 42 surveys. Q1 FY27 audio revenue was broadly flat, while TV and publishing revenue declined YoY.

Board and governance

• Ryan Stokes AO was Non-Executive Chair; Rohan Lund joined the board in March and became MD and CEO on 1 May 2026. Cathy O’Connor was elected Lead Independent Director in September.

• The board comprised eight directors, including six independent Non-Executive Directors. Committee chairs were Teresa Dyson for Risk, Regulatory and Compliance; Marina Go for People, Remuneration and Nominations; and Sylvia Wiggins for Audit.

• The board recommended election or re-election of Marina Go, Ryan Stokes, Teresa Dyson, Mark McGowan, Cathy O’Connor, Karen Stocks and Sylvia Wiggins.

• FY27 STI balances financial and strategic measures, with group, business-unit and role-specific accountabilities and a 90% EBIT gateway. CEO rights have equally weighted relative TSR and EPS growth hurdles over 1 July 2026–30 June 2029.

• Proposed name change to Seven Media Group Limited and ticker change from SXL to SMG; implementation was expected over the following days, with an ASX update expected early the next week.