Fractal Gaming Group Ab · OMXSTO:FRACTL
Fractal Gaming Group Ab — Q2 2021 Earnings Presentation
16 slides from Fractal Gaming Group Ab's earnings presentation, Aug 20, 2021
Slide 1: Q2 2021 Report
2 0 A U G U S T 2 0 2 1 Q2 2021 Report Hannes Wallin, CEO / Karin Ingemarson, CFO
Slide 2: Fractal is a leading company in the premium segment of PC gaming products
Strictly private and confidential Page 2 / 16 Fractal is a leading company in the premium segment of PC gaming products.
Slide 3: Q2 Highlights
Strictly private and confidential Page 3 / 16 Q2 Highlights Sales declined 45% in SEK and 38% in USD. Tough comparables with +100% growth in Q2 2020. Shortage of Graphics cards continued to hamper demand for High-performance PC-gaming Cases. Delayed shipments from China in June due to local Covid-19
Slide 4: Streaming via Twitch continues to deliver new records
Strictly private and confidential Page 4 / 16 Streaming via Twitch continues A significant upward shift during 2020 PRE-COVID-19 POST-COVID-19 to deliver new records 63% 74% Twitch is a live streaming platform for gamers & non-gamers that either play/stream or watch computer games. Gamers The platfo
Slide 5: Released products
Strictly private and confidential Page 5 / 16 2 0 2 1 P S U Released Ion+ Platinum 2 products P S U Ion Gold C A S E Torrent F A N Aspect Series 5 Strictly private and confidential
Slide 6: Torrent Launch Day Reception
Strictly private and confidential Page 6 / 16 A U G U S T 1 8 T H 2 0 2 1 Torrent Launch Day Reception “Congratulations fractal, “The Fractal Design Torrent “The Torrent has succeeded: “The Torrent goes beyond you have won the game. is a chart topper vs. It offers great, striking looks with a new in
Slide 7: Torrent Awards
Strictly private and confidential Page 7 / 16 E X P E R T R E V I E W S Torrent Awards Excellent reception from all over the globe. More than 25 awards from renowned influencers. Published within the first hours of release. 7 Strictly private and confidential
Slide 8: Net sales and Sales out
Strictly private and confidential Page 8 / 16 Net sales and Sales out MSEK Net sales, MSEK R12 250 200 189 Net sales declined by 45% to 104 SEKm 200 150 (189), with an organic decline of 38%. 150 YTD the decline was 20% and 8% 104 100 organically. 100 75 50 Tough comparables with 100% net 50 sales g
Slide 9: Segment development
Strictly private and confidential Page 9 / 16 Segment development Net sales by geography and segment (MSEK) Business segment Sales in EU was 49% of total net sales, followed by Americas with 36% and Cases Other Total APAC & Other with 15%. Q2 Q2 Q2 MSEK 2021 2020 2021 2020 2021 2020 Sales of Cases d
Slide 10: Product margin
Strictly private and confidential Page 10 / 16 Product margin Product margin amounted to 33%, which is 6 percentage points lower Product-margin (%) compared to Q2 2020*. 45% *39% Larger share of sales of products with 40% 38% lower margins, mainly Power supply, 35% 33% decreased product margin by 2%
Slide 11: Earnings
Strictly private and confidential Page 11 / 16 Earnings Adjusted EBITDA (MSEK) and adjusted EBITDA-margin (%) Adjusted EBITDA was 2 MSEK (57) and the margin was 1,9% (30,3). YTD MSEK adjusted EBITDA was 34 MSEK with 80 30% a margin of 12%. 30% 70 25% Lower sales volumes and larger 60 57 share of sal
Slide 12: Cash flow
Strictly private and confidential Page 12 / 16 Cash flow Operating cash flow affected by lower EBITDA and change in NWC. Q2 Jan–Jun LTM Full year The change in NWC is mainly MSEK 2021 2020 2021 2020 20/21 2020 related to increased inventory (-21 EBITDA 2,0 52,3 12,6 84,7 53,6 125,7 MSEK), decreased
Slide 13: Income statement
Strictly private and confidential Page 13 / 16 1. Net sales declined by 38% organically. Tough comparables Income statement with +100% growth in Q2 2020. Q2 Jan-Jun LTM Full year Net sales in Q2 2021 impacted by MSEK 2021 2020 2021 2020 20/21 2020 delayed shipments from China. 1 Net sales 103,7 188,
Slide 14: Current activities and priorities / Strategic direction
Strictly private and confidential Page 14 / 16 Current activities Strategic direction and priorities Product launches and marketing New case series, Torrent, launched this week with very Delivering best in class products with excellent positive feedback. Additional launches planned in H2 service. 20
Slide 15: Summary and outlook
Strictly private and confidential Page 15 / 16 Summary and outlook Net sales impacted by shortage of graphic cards, primarily impacting sales of cases. Delayed shipments from China in June. EBITDA adj. lower YoY due to lower volumes and lower product margin. Sales and demand in July and start of Aug
Slide 16: Q&A
Strictly private and confidential Page 16 / 16 Q&A