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UTV Media plc Preliminary Results for the year ended 31 December 2013

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UTV Media plc

(“UTV” or “the Company” or “the Group”)

Preliminary Results

for the year ended 31 December 2013

Financial highlights on continuing operations*

Group revenue of £107.8m (2012: £112.3m) - down 11% in the first half of the year and up 3% in the second half
Pre-tax profits of £16.9m (2012: £20.1m)
Group operating profit of £20.1m (2012: £23.4m) - down 36% in the first half of the year and up 10% in the second half
Net debt £49.1m (2012: £49.4m)
Diluted adjusted earnings per share from continuing operations of 14.27p (2012: 16.63p)
Proposed final dividend of 5.25p maintaining full year dividend of 7.00p (2012: 7.00p)

* As appropriate, references to profit include associate income but exclude discontinued

Operational Highlights

Difficult market conditions in the first half of the year with improving macro-economic environment
Strong audience shares across Radio and Television
Cost savings realised from Group restructuring coupled with Simply Zesty reorganisation
Radio and television broadcasting focus – divesting of New Media businesses (exceptional charge of £1.2m)
Plans to launch a new television channel in Ireland following agreement with ITV Global Entertainment for the exclusive rights, from January 2015, for ITV Studios programmes in the Republic of Ireland
talkSPORT successfully renewed exclusive national audio broadcasting rights for Premier League packages to 2016

Prospect Highlights

Continued growth in the first three months of 2014
Radio Ireland revenue (local currency) up 9%, Radio GB revenue up 7% and Television revenue up 5%
April is expected to show strong growth as anticipated
Further growth is expected in Radio GB in the second quarter in the run up to the World Cup
Ongoing expansion in talkSPORT International
Irish television licence awarded – station build commencing

John McCann, Group Chief Executive, UTV Media plc, said:

“The contrasting performances of the first and second halves of the year are evident in these results, with Group operating profit down 36% in the first half of the year and up 10% in the second half. The improvement in market conditions continues into the current year, with all of our divisions recording good growth in the first quarter of 2014.”

Key Dates

15 May 2014 – Annual General Meeting & Interim Management Statement

30 May 2014 – Record date for payment of dividends

15 July 2014 – Payment of dividends

26 August 2014 - Interim Results Announcement

13 November 2014 - Interim Management Statement

For further information contact:

Maitland

James Devas

UTV Media plc

John McCann, Group Chief Executive

Norman McKeown, Group Finance Director