Slide 1: Alter Ego Media S.A. 2024 Financial Results Presentation
ALTER EGO MEDIA S.A. 2024 FINANCIAL RESULTS PRESENTATION
Slide 2: Table of Contents
Table of Contents 1. Highlights 4 2. Financials 7 3. Operations 12 4. Strategy & Outlook 16 5. Appendix 23 Confidential 2
Slide 3: Section 1: Highlights
Section 1 Highlights @ ALTER @® EGO =p MEDIA
Slide 4: FY-24 results highlights
FY-24 results highlights Alter Ego Media Delivers Robust FY Results with Strong Profitability, Cash Flow, and Dividend Initiation 1 Revenue growth across all segments - Turnover increase to EUR 124,4m (+14,8% yoy) 2 Strong execution delivering robust yoy profit growth: net profit at EUR 10,9m (+180%
Slide 5: Listing on the Athens Exchange
Listing on the Athens Exchange - Alter Ego Media is listed on Athens Stock Exchange through an IPO that raised EUR 57m. - The offering was heavily oversubscribed (11,9x) with the participation of more than 9.700 retail and institutional investors. - The trading debut of the company's shares was on J
Slide 6: Section 2: Financials
Section 2 Financials @ ALTER @® EGO =p MEDIA
Slide 7: Key Group P&L items
Key Group P&L items Revenue (EUR m) EBITDA (EUR m) 16,8% 32,6% CAGR 21-24 CAGR 21-24 124,4 46,7 100,0 108,4 34,0 78,0 28,7 20,1 14,8% 37,4% yoy growth yoy growth 2021 2022 2023 2024 2021 2022 2023 2024 25,7% 28,7% 31,4% 37,6% EBIT (EUR m) Net Income (EUR m) 111,4% CAGR 22-24 17,1 181,4% CAGR 22-24 8
Slide 8: Fixed Asset book analysis
Fixed Asset book analysis Fixed Assets 2021-24 evolution Breakdown per Intangible Asset type (EUR ‘000, in 31.12.2024) Scripted Content 21.485,6 CapEx1 Brands 16.382,4 (in EUR m) 22,6 22,9 23,2 35,4 MEGA Content Liblrary 15.928,1 TV License 13.915,7 in EUR m Broadcasting Rights 1.701,7 64,2 67,1 67,
Slide 9: Key Group Capital Structure Items
Key Group Capital Structure Items Total Debt (EUR m) 1 Cash & cash equivalents (EUR m) 31,7 7,4 21,1 4,3 2,9 1,2 6,5 2,0 2021 2022 2023 2024 2021 2022 2023 2024 Net Debt (EUR m) Net Debt to EBITDA ratio (x) 30,5 1,06x 0,91x 18,3 2,2 0,07x 2021 2022 2023 2024 -5,4 2021 2022 2023 2024 -0,12x 1 Excludi
Slide 10: Cash Flow Items
Cash Flow Items Cash Flow Items (EUR m) 60,0 50,0 50,0 44,7 42,1 38,5 40,0 30,0 20,0 15,5 14,1 11,2 8,3 8,4 10,0 6,1 0,0 Operating Cash Flows Net Operating Cash Flows Investing Cash Flows Financing Cash Flows -10,0 -6,2 -12,2 -20,0 -21,3 -22,8 -23,2 -30,0 -40,0 -35,4 2021 2022 2023 2024 Confidential
Slide 11: Section 3: Operations
Section 3 Operations @ ALTER @® EGO =p MEDIA
Slide 12: Business Segments
Business Segments Broadcasting (TV & Radio) Publishing & Activities (Print & Digital) Content Creation Revenue (EUR m) EBITDA (EUR m) CAGR: 16,8% CAGR: 32,6% 46,7 124,4 11,0 100,0 108,4 34,0 78,0 38,4 28,7 29,4 33,3 20,1 6,3 31,7 4,3 70,6 75,1 85,9 4,8 35,7 46,2 24,4 27,7 15,2 2021 2022 2023 2024 Br
Slide 13: Broadcasting & Content Creation
Broadcasting & Content Creation Segment Overview Assets Portfolio (Broadcasting & Content Creation) TV • Broadcasting & Content Creation is the main source of revenue for the Group, corresponding to 69,1% of total revenues in FY2024 • Alter Ego Media is the owner of Mega, the largest free to air Gre
Slide 14: Publishing Activities
Publishing Activities Segment Overview Assets Portfolio (Publishing) • Publishing activities accounted for 30,9% of revenues in FY2024 News Brands • The Company’s portfolio comprises of well-established news and non-news media assets (newspapers, magazines, their digital editions & the first Greek o
Slide 15: Section 4: Strategy & Outlook
Section 4 Strategy & Outlook @ ALTER @® EGO =p MEDIA
Slide 16: Industry Overview
Industry Overview Publishing Broadcasting Digital Platforms Linear TV 1 Printed Circulations • In decline over the last 5Y 1 • A fragmented segment compared with the European markets, consisting of 6 private and 5 Nationwide FTA channels 1 Google/ Facebook… Segments Segments 2 Segments Video Platfor
Slide 17: Strategy & Investment Program │ Key Targets & Pillars
Strategy & Investment Program │ Key Targets & Pillars Transform from a traditional media group into a Media Tech Group, specializing in the development, distribution and management of content through advanced technological solutions …aiming to… Strive to uphold a Expand into Enhance further Achieve
Slide 18: Strategy & Investment Program │ Key Investment Pillars
Strategy & Investment Program │ Key Investment Pillars Technological Maintain low Revenues financial leverage Transformation diversification • Technologically advanced content • New types of exploiting content production solutions • Funding primarily through equity to (subscription, ad-supported • D
Slide 19: Use of IPO Proceeds as per the Prospectus
Use of IPO Proceeds as per the Prospectus Net IPO proceeds (EUR 50,8m) to be used to finance the Company’s investment program: I. ACQUISITIONS (EUR 30,8m) II. TECHNOLOGY & III. CONTENT (EUR 10m) INFRASTRUCTURE (EUR 10m) ▪ Investment through majority ▪ Investment in software and ▪ Investment in produ
Slide 20: 2025 Outlook
2025 Outlook - Mid-single digit organic growth in revenues - Further EBITDA margin expansion - Content spending rationalization, following a period of strong development - Strong EBIT and net profit margin expansion - Group financials are expected to be further enhanced through acquisitions aligned
Slide 21: Dividend Policy & SCRIP Dividend Program
Dividend Policy & SCRIP Dividend Program Board of Directors proposal for dividend1: • Dividend distribution for the FY 2025 of EUR 0,10 per share (total EUR 5,7m before withholding tax) • Payout ratio at c.52% Board of Directors proposal for SCRIP a dividend program1: • 3 years period • Up to a maxi
Slide 22: Appendix
APPENDIX @ ALTER @® EGO =p MEDIA
Slide 23: Key Financials│ Income Statement
Key Financials│ Income Statement In EUR ‘000 2021 2022 2023 2024 Revenue 77.965 99.994 108.372 124.366 Cost of Sales (65.860) (78.164) (81.080) (90.005) Gross Profit 12.106 21.830 27.292 34.361 Other Income 6.154 7.153 3.112 4.690 Administrative Expenses (15.864) (17.696) (16.138) (15.843) Distribut
Slide 24: Key Financials │ Statement of Financial Position
Key Financials │ Statement of Financial Position In EUR ‘000 2021 2022 2023 2024 PPE 9.798 9.985 16.449 20.030 Intangible Assets 64.195 67.131 67.184 71.092 Investments in Associates 2.583 1.360 1.519 1.550 Deferred Tax Asset 4.692 5.105 6.526 5.030 Non-current Receivables 157 166 5.543 7.113 Total
Slide 25: Key Financials│ Cash Flow Statement
Key Financials│ Cash Flow Statement In EUR ‘000 2021 2022 2023 2024 Profit/(Loss) before taxes (7.096) 818 4.146 12.910 Depreciation of Tangible Assets 3.003 3.268 3.510 3.940 Amortization of Intangible Assets 21.988 21.599 22.325 25.715 (Profit)/Loss from Disposal of Tangible Assets (19) (91) 7 12
Slide 26: Alter Ego Media Group │ At a glance
Alter Ego Media (“AEM”) Group │ At a glance Business Highlights Integrated and diversified business model Broadcasting & Content Creation The major Greek media group +15 media assets with presence in all categories, including historic and emblematic Greek brands Owner of the largest Greek content TV
Slide 27: History & Milestones
History & Milestones 2016-2017 2019 2020 2021 2022-2023 2024-2025 • Establishment of • Acquisition of • MEGA as a brand • MEGA resumes • The Group initiated • Corporate identity Alter Ego Media Teletypos SA relaunches under scripted content its digital redesign and assets (including Alter Ego Media,
Slide 28: Overview of Key Assets | Broadcasting
Overview of Key Assets | Broadcasting • Mega Channel, under the previous ownership, was the 1st private TV broadcaster in Greece (commencing broadcasting on 20.11.1989) • Currently, under Alter Ego Media, MEGA is the broadcaster with leading popularity through its long-term established The Company h
Slide 29: Overview of Key Assets | Broadcasting: Mega Play, Mega Cosmos, My Radio
Overview of Key Assets | Broadcasting Mega Play | Mega Cosmos | Megatv.com | My Radio 104,6 Mega Play Mega Cosmos My Radio Mega Play is a Hybrid Broadcast Mega Cosmos is a linear TV channel which In the radio stations market, the Group Broadband TV (HbbTV) platform which broadcasts internationally (
Slide 30: Overview of Key Assets | Mega Library & Content Creation
Overview of Key Assets | Broadcasting & Content Creation Mega Library & Content Creation Mega Library Content Creation The Group is actively involved in the development Alter Ego Media possesses the most extensive and renowned content library (the “MEGA Content of original content in order to: a) su
Slide 31: Overview of Key Assets | Publishing: To Vima, Ta Nea, OT
Overview of Key Assets | Publishing To Vima | Ta Nea | Oikonomikos Taxydromos (OT) “To Vima” has a history of over 100 years, since it was first published in 19221. “To Vima” is considered one of the most influential and emblematic Greek media. • Since 2010 it circulates on a weekly basis, enriched
Slide 32: Overview of Key Assets | Publishing: in.gr, More Media
Overview of Key Assets | Publishing in.gr | More Media “in.gr” is a web portal established in 1999, being the 1st news portal of the Greek internet; currently, it is one of the most popular Greek web portals in terms of traffic (SimilarWeb). • It offers access to a broad range of content, including
Slide 33: Disclaimer
Disclaimer This presentation pertaining to Alter Ego Media its financial performance, business assets, strategy and operations is solely for informational purposes. This information is summarized and is not complete. References to the “Company”, or to “Alter Ego Media” should be read and construed t