Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q2 2025 Earnings Presentation
12 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Jul 18, 2025
Slide 1: Q2 2025 Conference Call
Mo July 18, 2025 Q2 2025 Maria Redin, CEO Nick Hopkins, CFO
Slide 2: MTG continues to successfully innovate and scale
CONFERENCE CALL Q2 2025 MTG continues to successfully innovate and scale: Accelerated organic growth of 9% in Q2 with 22% operating margin X Net sales Net sales Organic Organic UA spend (_ “™\) ( YeYgrowth ) ( — growth YoY growth stx2,911n 103: 9., 52., (117% in constant currency) L J . Adj. EBITDA
Slide 3: Net sales up 117% in constant currencies YoY, and reported sales up 103%
CONFERENCE CALL Q2 2025 Mo Net sales up 117% in constant currencies YoY, and reported sales up 103% given -14% negative FX impact in Q2 Reported revenue’, SEKm Reported revenue!, SEKm LTM © YoY Sales growth « YoY Organic growth { ) Reported at constant FX 1,693 1,447 1,437 1,438 1,571 1494 1412 1,45
Slide 4: Revenue doubled YoY from Plarium consolidation as well as 9% organic growth
CONFERENCE CALL Q2 2025 Meo Revenue doubled YoY from Plarium consolidation as well as 9% organic growth driven by Word Games, Heroes of History, Warhammer 40,000: Tacticus and F1 Clash YoY development YoY development Revenue by franchise, SEKm in reported at constant currencies currencies {0 Other s
Slide 5: Growth in casual Word Games, Heroes of History and Warhammer 40,000: Tacticus
CONFERENCE CALL Q2 2025 Mo Growth in casual Word Games, Heroes of History and Warhammer 40,000: Tacticus underpinned by 52% YoY increase in Organic UA spending in Q2 UA spend development Comments Ml UAspend, SEKm + 36% of revenues invested in UA in Q2, up from 33% the same time last 1,054 year, but
Slide 6: Healthy 22% margin maintained, despite ongoing investments in growth
CONFERENCE CALL Q2 2025 Mo Healthy 22% margin maintained, despite ongoing investments in growth, with adj. EBITDA up 50% YoY or 63% in constant currencies in Q2 Reported adj. EBITDA’, SEKm Reported adj. EBITDA', SEKm LTM © Adj. EBITDA margin Adj. EBITDA — CAPEX margin 1,682 471, 6611,666 449 439 126
Slide 7: Word Games geo-expansion and Plarium consolidation drive YoY DAU increase
CONFERENCE CALL @2 2025 Mo Word Games geo-expansion and Plarium consolidation drive YoY DAU increase, with continued ARPDAU growth primarily from Plarium and growth of Racing franchise Revenue streams User development — — IAP Third party publication platforms (Other) — DAU — ARPDAU — IAA % millions
Slide 8: Strong underlying cash flows and healthy leverage levels support our continued growth
CONFERENCE CALL Q2 2025 Strong underlying cash flows and healthy leverage levels support our continued growth Group cash flow statement, SEKm Q2’25_LTM @2’25 Income before tax adjusted for items not included in cash flow 512 1,839 Taxes paid -236 -759 Changes in working capital 49 94 Cash flow from
Slide 9: Strong pipeline of recently launched and new, upcoming games
CONFERENCE CALL @2 2025 Meo Strong pipeline of recently launched and new, upcoming games provide opportunities for more shots on goal Heroes of Matchereek Bloor Soft launch Cozy Coast} | Heroes of | Motors cos ore { Word Roll | vigsaw | Tle Match [stint and/or early phase scaling cs) | DE eoke ae Tw
Slide 10: Outlook for 2025 maintained, H1 organic growth 8% and operating margin of 23%
CONFERENCE CALL Q2 2025 Outlook for 2025 maintained, H1 organic growth 8% and operating margin of 23% Full year 2025 organic sales 3-7% (sales from MTG’s businesses prior to the acquisition of Plarium, in constant currencies) to be within the range of 3% to 7% Full year 2025 total reported adjusted
Slide 11: Strong execution delivers another quarter of strong, accelerated, profitable growth
CONFERENCE CALL Q2 2025 Mo Strong execution delivers another quarter of strong, accelerated, profitable growth and healthy cash generation; on track to deliver on 2025 outlook Conclusion Strong organic growth of 9% in Q2 driven by casual Word Games, Heroes of History and Warhammer 40,000: Tacticus a
Slide 12: Q&A
Modern Times Group MTG — Q2 2025 Earnings Presentation on 6ix