APN News & Media Investor Presentation Acquisition of ARN and TRN and Entitlement Offer 19 February 2014
IMPORTANT NOTICE & DISCLAIMER This ¡investor ¡presentation ¡(“Presentation”) ¡has ¡been ¡prepared ¡by ¡APN ¡News ¡& ¡Media ¡Limited ¡(ABN ¡95 ¡008 ¡637 ¡643) ¡(“APN” ¡and ¡“Company”). ¡ This Presentation has been prepared in relation to a pro rata non-renounceable entitlement ¡offer ¡of ¡new ¡APN ¡ordinary ¡shares ¡(“New ¡Shares”) ¡to ¡be ¡made ¡to: ¡ eligible ¡institutional ¡shareholders ¡of ¡APN ¡(“Institutional ¡Entitlement ¡Offer”) ¡and ¡eligible ¡retail ¡shareholders ¡of ¡APN ¡(“Reta il Entitlement ¡Offer”), ¡under ¡section ¡ 708AA of the Corporations Act 2001 (Cth ) ¡(“Corporations ¡Act”) ¡as ¡modified ¡by ¡ASIC ¡Class ¡Order ¡08/35 ¡and ¡other ¡relief ¡obtained ¡in ¡relation ¡to ¡the ¡entitlement ¡ offer ¡(together, ¡the ¡“Entitlement ¡Offer”). ¡ Summary information This Presentation contains summary information about the current activities of APN and its subsidiaries as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This Presentation does not purport to contain all the information that an investor should consider when making an investment decision nor does it contain all the information which would be required in a disclosure document or prospectus prepared ¡in ¡accordance ¡with ¡the ¡requirements ¡of ¡the ¡Corporations ¡Act. ¡It ¡should ¡be ¡read ¡in ¡conjunction ¡with ¡APN’s ¡other ¡perio dic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. APN nor its directors, employees or advisers give any warranties in relation to the statements and information in this Presentation. Not an offer This Presentation is for information purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under ¡Australian ¡law ¡or ¡any ¡other ¡law ¡(and ¡will ¡not ¡be ¡lodged ¡with ¡the ¡Australian ¡Securities ¡and ¡Investments ¡Commission ¡(“ASIC”) ). The Presentation is not and should not be considered an offer or an invitation to acquire entitlements or New Shares or any other financial products. This Presentation may not be released or distributed in the United States. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or in any other jurisdiction in which such an offer would be illegal. The New Shares have not been, and will not be, registered ¡under ¡the ¡U.S. ¡Securities ¡Act ¡of ¡1933, ¡as ¡amended ¡(the ¡“U.S. ¡Securities ¡Act”) ¡or ¡the ¡securities ¡laws ¡of ¡any ¡state ¡ or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold, directly or indirectly, in the United States, unless they have been registered under the U.S. Securities Act (which APN has no obligation to do or procure), or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable state securities laws. The distribution of this Presentation in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws ¡(see ¡“International ¡Offering ¡Jurisdictions”). ¡ Not financial product advice This Presentation does not constitute financial product or investment advice (nor tax, accounting or legal advice) nor is it a recommendation to acquire entitlements or New Shares and does not and will not form any part of any contract for the acquisition of entitlements or New Shares. This Presentation has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction. APN is not licensed to provide financial product advice in respect of APN shares. Cooling off rights do not apply to the acquisition of New Shares. Financial data All ¡dollar ¡values ¡are ¡in ¡Australian ¡dollars ¡(“A$”) ¡and ¡financial ¡data ¡is ¡presented ¡as ¡at ¡year ¡ending ¡31 ¡December ¡ 2013 unless otherwise stated. Investors should note that this Presentation contains pro forma financial information. The pro forma financial information provided in this Presentation is for illustrative purposes ¡only ¡and ¡is ¡not ¡represented ¡as ¡being ¡indicative ¡of ¡APN’s ¡views ¡on ¡its ¡future ¡financial ¡condition ¡and/ ¡or ¡performance . Page 2 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
IMPORTANT NOTICE & DISCLAIMER The pro forma financial information has been prepared by APN in accordance with the measurement and recognition requirements, but not the disclosure requirements, of applicable accounting standards and other mandatory requirements in Australia. Future performance This ¡Presentation ¡contains ¡certain ¡“forward ¡looking ¡statements”. ¡Forward ¡looking ¡statements ¡can ¡generally ¡be ¡identified ¡by ¡th e use of forward looking words such ¡as, ¡“expect”, ¡“anticipate”, ¡“likely”, ¡“intend”, ¡“should”, ¡“could”, ¡“may”, ¡“predict”, ¡“plan”, ¡“propose”, ¡“will”, ¡“believe”, ¡“forecast”, ¡“estimate”, ¡“target” ¡“outlook”, ¡ “guidance” ¡and ¡other ¡similar ¡expressions ¡within ¡the ¡meaning ¡of ¡securities ¡laws ¡of ¡applicable ¡jurisdictions ¡and ¡include, ¡but ¡a re not limited to, indications of, or guidance or outlook on, future earnings or financial position or performance of APN the outcome and effects of the Entitlement Offer and the use of proceeds. The forward looking statements contained in this Presentation are not guarantees or predictions of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of APN, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Refer to the risks section of this Presentation for a summary of certain general and APN specific risk factors that may affect APN. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward looking statements, including the risk factors set out in this Presentation. Investors should consider the forward looking statements contained in this Presentation in light of those disclosures. The forward looking statements are based on information available to APN as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), APN undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Effect of rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation. Investment risk An investment in APN shares is subject to investment and other known and unknown risks, some of which are beyond the control of APN including possible loss of income and principal invested. APN does not guarantee any particular rate of return or the performance of APN, nor does it guarantee the repayment of capital from APN or any particular tax treatment. In considering an investment in APN shares, investors should have regard to (amongst other things) the risks outlined in this Presentation. Page 3 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
AGENDA 1) Executive summary 2) Transaction highlights 3) ARN and TRN overview 4) Acquisition funding and balance sheet 5) Entitlement Offer 6) Appendices Page 4 NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
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