• Out of Home (OOH) media sector capturing record share of agency spend
• oOh! is ANZ's #1 OOH company, reaching over 98% of metro Australians weekly
• Experienced team committed to revenue growth with cost efficiency and contract discipline

oOh!Media Ltd (ASX:OML) has provided its 2025 Annual General Meeting presentation and a trading update. The presentation highlights that the Out of Home (OOH) media sector is capturing a record share of agency media spend, with the sector's revenue projected to grow by high single to double digits in 2025. oOh! is positioned as the #1 OOH company in Australia and New Zealand, reaching over 98% of metropolitan Australians weekly. The company has an experienced team committed to revenue growth with cost efficiency and contract discipline. The trading update notes that oOh! achieved strong revenue growth in Q1 2025, with Australian media revenue up 16% year-on-year, in line with the Outdoor Media Association (OMA). The company expects Q2 performance to be similar to Q1, with improved market share outcomes reflecting effective action taken to drive revenue growth. oOh! expects market share improvement to continue for the remainder of 2025 as new assets from contracts announced in 2023 and 2024 come online. The company's adjusted gross margin for 2025 is expected to be broadly in line with 2023/24, and the right-sizing of the operating cost base is expected to deliver net cost savings of ~$15M, with an opex base of $153-155M in 2025. Capital expenditure for 2025 is expected to be between $45M and $55M, largely funding new advertising assets. Gearing is expected to remain below 1.0X adjusted underlying EBITDA. The company's outlook is positive, with the OOH sector expected to continue taking revenue share from other media sectors, benefitting from tailwinds of future interest rate cuts and projecting high single digit to low double digit growth for 2025.

• Q1 2025 total revenue growth of 13% on the prior corresponding period (pcp), with Australian media revenue growth of 16% in line with the Outdoor Media Association (OMA)
• Q2 2025 performance expected to be similar to Q1, with improved market share outcomes
• CY2025 adjusted gross margin expected to be broadly in line with CY2023/24
• CY2025 opex base expected to be $153-155M, with potential for higher variable performance incentives
• CY2025 capex expected to be $45-55M, largely funding new advertising assets
• Gearing expected to remain below 1.0X adjusted underlying EBITDA

The Out of Home (OOH) media sector is expected to continue taking revenue share from other media sectors, benefitting from tailwinds of future interest rate cuts and projecting high single digit to low double digit growth for CY2025.