oOh!media (OML) AGM 2025 summary

Opening remarks and agenda

• Chair acknowledged traditional custodians, welcomed attendees, and outlined the meeting's agenda, introducing the board, executive team, and external auditor.

• Chair's and CEO's addresses set the tone for the meeting and highlighted key focus areas for 2025.

Financial performance review

• Revenue for 2024 was AUD 636 million, with adjusted underlying EBITDA of AUD 129 million and statutory NPAT of AUD 37 million.

• Q1 2025 revenue grew 13% year-on-year, with Australian media revenue up 16% and market share improvement expected to continue.

• Out of Home sector spend grew 5% in CY24, outperforming TV and radio, which saw declines.

• Net cost savings of AUD 15 million expected from restructuring, with operating cost base targeted at AUD 153–155 million in CY25.

• CapEx for 2025 projected at AUD 45–55 million, mainly for new assets, with gearing to remain below one times Adjusted EBITDA.

Board and executive committee updates

• CEO Cathy O'Connor to step down in the second half of 2025 after a transformative period; global search for a new CEO underway.

• Andrew Stevens retired from the board in February; board to retain six directors, majority independent.

• Leadership emphasized commitment to revenue growth, cost efficiency, and contract discipline.

• Experienced team highlighted as a key driver for continued market leadership.