2017 Macquarie Australia Conference- commentary and presentation

4 May 2017:

Fairfax Media Limited [ASX:FXJ] Chief Executive Officer Greg Hywood will today deliver a presentation at the Macquarie Australia Conference in Sydney.

Presentation commentary and accompanying slides are attached.

As is our usual practice, the presentation contains a Trading Update, the details of which have been extracted below:

Trading Update

Overall Group revenues are 6% below last year for the first 17 weeks of FY17 H2 (26 December 2016 to 23 April 2017). Revenue across our current reporting segments:

• Domain overall revenue is up 10% with its total digital business up 18%;
• Metro Media is down around 11%;
• Australian Community Media is down around 11%;
• New Zealand Media is down around 3% including currency impact;
• Macquarie Media is down around 7%.

Cost savings initiatives are ongoing across the Fairfax Group.

Domain Separation Update

Slide 11 of the presentation provides an update on the strategic review of Domain Group announced in February 2017 in preparation for Domain’s potential separation into a new ASX-listed company. We continue to expect the separation to complete this calendar year, subject to a number of conditions.