Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group (NENT Group) — Q4 2021 Earnings Presentation
14 slides from Viaplay Group Ab Class A's earnings presentation, 2022
Slide 1: Results presentation Q4 2021
Results presentation Q4 2021 nentgroup.com
Slide 2: Q4 Key highlights
Q4 Key highlights Viaplay subs up 33% YoY to 4,005k beating Nordic & International targets Viaplay now firmly established as largest revenue generating unit with 21% organic growth in Q4 Higher than anticipated Nordic operating margin with international investments in line with expectations Viaplay
Slide 3: Viaplay performance
Viaplay performance Viaplay subscriber base* (thousands) Comments 4,005 • 33% YoY subscriber growth with 397k subscribers 3,608 added QoQ and 985k YoY 3,287 3,020 3,147 2,813 • Surpassed year-end target by adding 438k Nordic 2,716 2,510 subscribers and 547k international subscribers in 2021 • Total
Slide 4: Viaplay Originals
Viaplay Originals 12 10% 5 titles premiered and 46 in increase in viewing of of top 10 shows were 2021 Viaplay Originals YoY Viaplay Originals
Slide 5: New & extended sports rights
New & extended sports rights Nordic Darts Masters Max 2022 - 2026 2021 - 2025 2022 2022 - 2023 Verstappen In exclusive global content partnership
Slide 6: Subscriptions, advertising and studios
Subscriptions, advertising and studios Other subscriptions Advertising Studios & other Other subscription revenues Advertising revenues Studio revenues • Up 13% on organic basis to • Up 3% on organic basis to • Up 25% on organic basis to account for 32% of Group account for 32% of Group account for
Slide 7: Our sustainability priorities
Our sustainability priorities • New 5 yr strategy & integrated roadmap to be launched with ESG roadshow in Spring 2022 • New Science-based targets & Task Force on Climate-related Financial Disclosures report to be launched in Spring 2022 Ongoing activities Recognition & ranking • Following local Gov
Slide 8: Q4 performance summary
Q4 performance summary Comments Sales split Q4 21 • 12% organic sales growth & 33% Viaplay subscriber growth • Operating income before associated company 34% 32% income (ACI) and items affecting comparability (IAC) of SEK 121m (426) including SEK -219m impact of Viaplay International expansion • Ope
Slide 9: Allente update
Allente update SEKm Q421 EBITDA before IAC 304 Depreciation and amortisation -108 EBIT before IAC 196 Items affecting comparability -314 EBIT -118 Net income -104 NENT Group 50% share -52 Net debt position (end of period) 2,156 # of subscribers 1,064k Viaplay Original: Kin
Slide 10: Cash flow and leverage
Cash flow and leverage SEKm Q421 Q420 FY21 FY20 SEKm Q421 Cash flow from operations 318 1,631 1,294 2,200 LTM EBITDA before IAC 980 Change in working capital 391 -720 -817 -674 Net debt -2,059 Net operating cash flow 710 910 477 1,526 Net debt / LTM EBITDA before IAC -2.1x CapEx * -52 -46 -216 -147
Slide 11: NENT Group 2025 targets
NENT Group 2025 targets Group organic sales growth ~18-20% CAGR 2020-25 ~12 million by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~6m International Nordic organic sales growth ~13-15% CAGR 2020-25 Viaplay Nordics organic sales growth ~23-25% CAGR 2020-25 Nordic EBIT (excl. ACI & IA
Slide 12: Short term outlook
Short term outlook Group organic sales growth ~28% in 2022 Nordic organic sales growth ~20% in 2022 ~6.5 million by end of 2022, Viaplay subscribers of which ~4.3m Nordic and ~2.2m International Rising profits with stable to slightly lower margin in 2022 vs 2021 Nordic EBIT (excl. ACI & IAC) given o
Slide 13: The next chapter
The next chapter Viaplay to launch in the Netherlands in Q1 2022 and the UK in H2 2022 Ambition to premiere 70+ new Viaplay Originals in 2022 New sports rights extended or added to boost growth Viaplay Original: Aksel
Slide 14: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group (NENT Group) — Q4 2021 Earnings Presentation on 6ix