A SEVEN WEST MEDIA (38.9%) Seven Network returned to #1 with content led growth • #1 in metro broadcast with 40.3% revenue share (+3.7 points) • 7plus the #1 BVOD channel with over 12.5m registered and verified users Market conditions strengthening • Total TV revenue including broadcast, regional and BVOD recovered to 2015 levels • Strong ad market growth; Metro TV +13%, regional +7.2% • BVOD Revenue +58%, forecast to grow to $900m by CY25 and SWM growing share - Total TV + 16.7% (Jul-Dec 21) • Ratings and demographic improving off new tentpoles success • Increasing share of BVOD advertising sold with data-led insights, underpinning yield • Digital Platform deals: benefits accruing • Balance sheet repair completed with leverage under 1X Acquisition of Prime, the #1 TV network in regional Australia • SWM now reach 91% of Australians, the largest broadcaster in the country • Provides advertisers superior audience reach across metro and regional markets through integrated offering • Cost synergies of $5m to $10m annualised and unquantified revenue synergies Seven Group Holdings 23 Total ad supported in-home viewing : on any device
SWM Price at posting:
65.3¢ Sentiment: Buy Disclosure: Held
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