2018 Macquarie Australia Conference - commentary and presentation

2 May 2018:
Fairfax Media Limited [ASX:FXJ] (“Fairfax” or “Company”) Chief Executive 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 

  • Trading in the first 17 weeks of FY18 H2 (25 December 2017 to 22 April 2018) saw overall Group revenues around 1% below last year. 
  • Revenue across our reporting segments: 
                         − Domain’s digital revenue growth is 21% and total revenue growth is 13%; 
                         − Australian Metro Media is down around 2%;
                         − Australian Community Media is down around 9%;
                         − Stuff (New Zealand Media) is down around 8% including currency impact;
                         − Macquarie Media is up around 4% (up 6% excluding disposals). 
  •  Across the Fairfax Group, we continue to implement cost savings measures.