1 | Investor Presentation · 14 | Investor Presentation Sources: Nine Reach: OzTAM Metro Total TV & Regional TAM Regional FTA +WA, 05/08/2018 –29/10/2018, total individuals, Nine,

1 | Investor Presentation

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Note: Proforma results provide a view of the financials as if Domain had been a separately listed entity for the comparative period. FY18 H1 includes six months of the proforma incremental

costs as per the Scheme booklet. The Domain separation implementation date was 22 November 2017.

FY19 H1 FY18 H1 %

$m Proforma Change

Revenue 183.9 183.3 0.3%

Share of Profits (Loss) (0.3) (0.7) 55.1%

Expenses (130.8) (125.9) (3.9%)

EBITDA 52.7 56.8 (7.1%)

EBIT 38.4 43.6 (12.0%)

Net profit attributable to

members of the company 21.1 24.7 (14.2%)

Earnings per share (EPS) ₵ 3.64 4.29 (15.1%)


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REVENUE EBITDA EBITDA MARGIN

FY19 H1 FY18 H1 % FY19 H1 FY18 H1 % FY19 H1 FY18 H1

$m Proforma Change Proforma Change Proforma

Residential 93.6 86.1 8.6%

Media, Developers & CRE 25.8 28.7 (10.1%)

Agent Services 15.8 13.7 15.2%

Core Digital 135.2 128.6 5.1% 55.9 55.9 0.1% 41.3% 43.4%

Consumer Solutions (Transactions)

& Other 14.9 11.1 33.9% (4.3) (1.7) (149.7%) (28.7%) (15.4%)

Digital 150.1 139.7 7.4% 51.6 54.2 (4.7%) 34.4% 38.8%

Print 32.8 43.0 (23.6%) 9.5 10.5 (9.6%) 28.8% 24.4%

Corporate 0.9 0.6 49.1% (8.4) (7.9) (6.2%)

Domain Group 183.9 183.3 0.3% 52.7 56.8 (7.1%) 28.7% 31.0%

Note: Proforma results provide a view of the financials as if Domain had been a separately listed entity for the comparative period. FY18 H1 includes six months of the proforma incremental

costs as per the Scheme booklet. The Domain separation implementation date was 22 November 2017.



OBJECTIVES

FY19 H1 HIGHLIGHTS

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Note: ^ Excludes Consumer Solutions.


Note: Consumer Solutions was previously Transactions & Other.

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86.193.6

FY18 H1 FY19 H1

+8.6%

51%

Note: 1. Domain and APM PriceFinder data; 2. Source: emma™ conducted by Ipsos, people 14+ for 12 months ending October 2018. Nielsen Digital Content Ratings (Monthly), people 14+ October 2018,

Total Audience reach includes Domain, Domain Review and Allhomes; Digital Audience reach includes Domain and Allhomes.


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100,000

200,000

300,000

400,000

500,000

Jan

14

Jun

14

No

v 1

4

Ap

r 1

5

Sep

15

Feb

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Jul 1

6

Dec

16

May

17

Oct

17

May

18

No

v 1

8

Domain ListingsCompetitor Listings

Source: Australian Property Monitors – New ‘For Sale’ Listings (Total market)

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200

400

600

800

1,000

1,200

July Aug Sept Oct Nov Dec Jan Feb March April May June

2015/16 2016/17

2017/18 2018/19

25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000


2015/16 2016/172017/18 2018/19

2,000

4,000

6,000

8,000

10,000

12,000

14,000


2015/16 2016/17

2017/18 2018/19

2,000

4,000

6,000

8,000

10,000

12,000


2015/16 2016/17

2017/18 2018/19


Source: Australian Property Monitors – New ‘For Sale’ Listings (Total market)

2,000

3,000

4,000

5,000

6,000

7,000


2015/16 2016/17

2017/18 2018/190,700

1,200

1,700

2,200

2,700

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2015/16 2016/17

2017/18 2018/19

2,000

3,000

4,000

5,000

6,000


2015/16 2016/17

2017/18 2018/19


25,000

30,000

35,000

40,000

45,000

50,000

55,000

60,000


2015/16 2016/172017/18 2018/19

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14 | Investor PresentationSources: Nine Reach: OzTAM Metro Total TV & Regional TAM Regional FTA +WA, 05/08/2018 – 29/10/2018, total individuals, Nine, Nine Content Affiliates, Consolidated7, 1 min cumulative reach; Nine Timeslot Ranking: OzTAM Metro Total TV, 05/08/2018 –

28/10/2018, various demos, Nine, series and competition analysis vs corresponding programs on Seven and Ten, Consolidated7, The Block premiere eps, excluding encore eps & Rpts, 5 City Metro, 3 station primary share %; Seven Reach: OzTam (Metro), RegTAM

(Regional), Network National Reach Estimate based on Metro + Reg for at least a minute viewed of Seven’s Summer of Test Cricket against India and Sri Lanka.

FY18H1

FY19H1

FY18H1

FY19H1

FY18H1

FY19H1

FY18H1

FY19H1

FY18H1

FY19H1

FY18H1

FY19H1

Total NSW VIC QLD SA WA

Platinum Tier Gold & Silver Tiers




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-10.1%28.7 25.8

FY18 H1 FY19 H1

14%

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+15.2%13.7

15.8

FY18 H1 FY19 H1

9%


11.1

14.9

FY18 H1 FY19 H1

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+33.9%

8%

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-23.6%

18%

43.032.8

FY18 H1 FY19 H1

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FY19 H1Statutory

(Reported 4D)

Less Significant

Items

Statutory

Excluding

Significant Items

Adjustments to

Statutory

Trading

Performance

Excluding

Significant Items

$m

Revenue 186.3 (2.5) 183.9 - 183.9

Share of Profits / (Loss) (0.3) - (0.3) - (0.3)

Expenses (311.3) 180.5 (130.8) - (130.8)

EBITDA (125.3) 178.0 52.7 - 52.7

Depreciation & Amortisation (14.4) - (14.4) - (14.4)

EBIT (139.6) 178.0 38.4 - 38.4

Net Finance Costs (4.7) - (4.7) - (4.7)

Net Profit / (Loss) Before Tax (144.3) 178.0 33.7 - 33.7

Tax (Expense)/ Benefit (9.8) (0.5) (10.3) - (10.3)

Net Profit / (Loss) After Tax (154.1) 177.5 23.4 - 23.4

Net Profit Attributable to Non Controlling

Interest(2.2) - (2.2) - (2.2)

Net Profit / (Loss) Attributable to

Members of the Company

(156.4) 177.5 21.1 - 21.1

Earnings Per Share (EPS) ₵ (26.94) 3.64 3.64

Note: Proforma results provide a view of the financials as if Domain had been a separately listed entity for the current and comparative periods. FY18 H1 includes 6 months

of the proforma incremental costs as per the Scheme booklet. The Domain separation implementation date was 22 November 2017.


FY18 H1Statutory

(Reported 4D)

Less

Significant Items

Statutory Excluding

Significant Items

Adjustments to

Statutory

Proforma Trading

Performance

Excluding

Significant Items

$m

Revenue 112.7 - 112.7 70.7 183.3

Share of Profits / (Loss) (0.7) - (0.7) - (0.7)

Expenses (105.1) 3.8 (101.3) (24.6) (125.9)

EBITDA 6.9 3.8 10.7 46.1 56.8

Depreciation & Amortisation (7.3) - (7.3) (5.8) (13.2)

EBIT (0.4) 3.8 3.4 40.2 43.6

Net Finance Costs (0.6) - (0.6) (2.9) (3.5)

Net Profit / (Loss) Before Tax (1.0) 3.8 2.8 37.3 40.1

Tax (Expense)/ Benefit 1.4 (1.0) 0.5 (12.1) (11.6)

Net Profit / (Loss) After Tax 0.4 2.8 3.2 25.2 28.4

Net Profit Attributable to

Non Controlling Interest(3.8) - (3.8) - (3.8)

Net Profit Attributable to

Members of the Company(3.4) 2.8 (0.6) 25.2 24.7

Earnings Per Share (EPS) ₵ (1.56) (0.26) 4.29


38%

15%

19%

8%

4%

16%

FY19 H1

Staff

Production and Distribution

Promotion

Computer and Communications

Property, Repairs and Maintenance

Other

$130.8m

37%

22%

18%

6%

4%

13%

FY18 H1

Staff

Production and Distribution

Promotion

Computer and Communications

Property, Repairs and Maintenance

Other

$125.9m

FY19 H1 FY18 H1 %

$m change

Statutory Expenses (311.3) (105.1) (196.3%)

less Significant Items 180.5 3.8 n/a

Statutory excluding Significant Items (130.8) (101.3) (29.2%)

Adjustments to Statutory - (24.6) n/a

Total Expenses

(excluding Significant Items)

(130.8) (125.9) (3.9%)

comprising

Consumer Solutions Expenses (19.0) (12.3) (55.0%)

Underlying Expenses (111.8) (113.6) 1.6%


FY19 H1 FY18 H1

$m

Impairment of goodwill (178.8) -

Income tax benefit - -

Impairment of goodwill, net of tax (178.8) -

Restructuring charges (1.6) (3.8)

Income tax benefit 0.5 1.0

Restructuring, net of tax (1.1) (2.8)

Gain on contingent consideration payable and sale of financial asset 2.5 -

Income tax expense - -

Gain on contingent consideration payable and sale of financial asset, net of tax 2.5 -

Significant items, net of tax (177.5) (2.8)

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FY19 H1 FY18 H1

$m

Cash from Trading 57.9 2.0

Net Finance Charges (3.6) 0.0

Tax Payments (9.2) (7.8)

Net Cash Inflow / (Outflow) from Operating Activities 45.1 (5.8)

Investment in PP&E and Software (11.3) (10.1)

Net Investment in Other Acquired Businesses / Ventures (2.6) -

Net Cash Outflow from Investing Activities (13.9) (10.1)

Proceeds from Borrowings - 165.0

Transaction Cost on Issue of Shares - (7.5)

Repayment of Borrowings to Fairfax Media Limited - (172.7)

Dividends Paid (25.4) (3.9)

Net Other (0.3) 1.5

Net Cash Outflow from Financing Activities (25.7) (17.6)

Net Cash Inflow / (Outflow) 5.5 (33.5)

Cash at Beginning of Period 60.8 58.3

Cash at End of Period 66.3 24.8

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50.0

100.0

150.0

200.0

FY19 FY20 FY21 FY22

$A

m

Undrawn

Drawn

FY19 H1 Facility Usage

$m

Non Current

Syndicated Bank Facility 250.0 188.0

Total Debt Facilities 250.0 188.0

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FY19 H1 FY18

$m

Cash 66.3 60.8

Trade and Other Receivables 54.9 62.8

Current Assets 121.2 123.6

Investments - 3.4

Intangible Assets 1,370.8 1,534.7

Property, Plant and Equipment 21.1 23.4

Non Current Assets 1,391.9 1,561.4

Total Assets 1,513.1 1,685.1

Current Liabilities 70.0 66.9

Interest Bearing Liabilities 187.4 187.3

Provisions 19.8 15.7

Deferred Tax Liabilities 80.6 81.7

Non Current Liabilities 287.8 284.7

Total Liabilities 357.8 351.6

Net Assets 1,155.3 1,333.5

Contributed Equity 1,282.9 1,283.4

Reserves (36.1) (38.9)

Retained Profits (101.8) 78.2

Total Parent Equity Interest 1,145.0 1,322.7

Non-Controlling Interest 10.3 10.8

Total Equity 1,155.3 1,333.5

Net Debt / (Cash) 121.1 126.5

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FY19 H1 FY18 H1

$m

Core Digital (2.7) (3.4)

Consumer Solutions (Transactions) & Other 1.1 0.5

Digital (1.6) (3.0)

Print (0.7) (0.8)

Total Non Controlling Interest (2.2) (3.8)

1 | Investor Presentation · 14 | Investor Presentation Sources: Nine Reach: OzTAM Metro Total TV & Regional TAM Regional FTA +WA, 05/08/2018 –29/10/2018, total individuals, Nine,

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