Slide 1: Q1 2023 Supplemental Slides
Q1 2023 Supplemental Slides
Slide 2: Disclaimer
Disclaimer This presentation for Spin Master Corp. (“Spin Master” or “the Company”) contains forward-looking statements about the Company’s objectives, plans, goals, aspirations, strategies, financial condition, results of operations, cash flows, performance, prospects and opportunities. Specific fo
Slide 3: Reimagining Everyday Play
REIMAGINING EVERYDAY PLAY Leading Global Children’s Entertainment Company with a Diversified Multi-Platform Portfolio 4 ©2023 Spin Master. All Rights Reserved.
Slide 4: Three Creative Centres
Three Creative Centres Toys Entertainment Spin Master Entertainment creates With distribution in over 100 countries, Spin Master is best known and produces compelling for award-winning brands PAW Patrol®, Bakugan®, Kinetic Sand®, multiplatform content, through its Air Hogs®, Hatchimals®, Rubik’s Cub
Slide 5: Q1 2023 Highlights
Revenue $271.4M 36.0% Net Net Loss $(1.9M) (Loss) Income Adjusted Net Income1 $12.3M Adjusted Adjusted EBITDA1 $30.6M EBITDAv1 Adjusted EBITDA Margin1 11.3% Cash used in Operating Activities $(4.3M) Cash Free Cash Flow1 $(34.4M) Q1 2023 Highlights Basic EPS $(0.02) EPS Adjusted Basic EPS1 $0.12 1. N
Slide 6: Toy Gross Product Sales and Revenue by Creative Centre
Toy Gross Product Sales1 and Revenue by Creative Centre Q1 2023 vs. Q1 2022 TOYS -36.0% -45.6% TOYS as reported as reported -46.9% Q1 2022 Q1 2023 -35.0% -44.7% as reported in constant currency1 450 in constant currency1 -46.2% 400 in constant currency1 424.2 397.5 350 350.9 300 US$ millions DIGITAL
Slide 7: Key P&L Financial Metrics
Key P&L Financial Metrics Q1 2023 vs. Q1 2022 % Q1 Q1 2023 2022 Change as reported SG&A3 149.3 158.6 -5.9% 237.3 Q1 2022 Q1 2023 Adjusted SG&A1,3 139.5 153.8 -9.3% Depreciation and 11.3 10.5 7.6% amortization (COGS) 158.5 Depreciation and 6.6 7.9 -16.5% +250bps amortization (SG&A) as reported Operat
Slide 8: Key Balance Sheet Metrics
Key Balance Sheet Metrics (in US$ millions) Cash and cash equivalents balance $569.3M Q1 Q1 Q4 2023 2022 2022 Q1 2023 Net working Cash and cash equivalents 569.3 493.1 644.3 capital1 $92.7M vs. $157.9M in Q1 2022 v Trade receivables, net 177.5 238.8 311.0 Other receivables 56.2 63.8 49.5 Inventories
Slide 9: Toys Q1 2023 Highlights
TOYS Q1 2023 $216.3M Toy Gross Highlights Product 45.6% Sales1 186.3M Toy v Revenue 46.9% Adjusted Adjusted EBITDA1 $(21.4M) EBITDA1 Adjusted EBITDA Margin1 (11.5%) 1. Non-GAAP financial measure or ratio. Non-GAAP financial measures and ratios do not have any standardized meaning prescribed by IFRS
Slide 10: Toy Gross Product Sales Q1 2023 vs Q1 2022
Q1 2023 vs Q1 2022 Toy Gross Product Sales1 Activities, Wheels Preschool, Games & Puzzles & Action Dolls & Interactive and Plush Outdoor -56.1% -44.7% v -40.0% -37.9% Toy Gross Product Sales1 decreased by 45.6% to $216.3M 1. Non-GAAP financial measure or ratio. Non-GAAP financial measures and ratios
Slide 11: POS Metrics
POS Metrics Q1 2023 Global1 -41% Global1 Geographic Spin Master POS Global1 +1% +9% +4% Global1 -3% v Global1 US1 International1 (ex. US) Global1 +73% -5% Global1 -2% -9% 12 ©2023 Spin Master. All Rights Reserved. 1. Circana / Retail Tracking Service / G11 / Excludes Brazil, Russia / Projected USD /
Slide 12: Entertainment Q1 2023 Highlights
ENTERTAINMENT Q1 2023 Highlights Entertainment Revenue $37.6M 69.4% Operating v Operating Income $29.3M Income Adjusted Operating income1 $29.9M Operating Operating Margin 77.9% Margin Adjusted Operating Margin1 79.5% 1. Non-GAAP financial measure or ratio. Non-GAAP financial measures and ratios do
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Slide 14: Digital Games Q1 2023 Highlights
DIGITAL GAMES Q1 2023 Highlights $47.5M Digital Games Revenue 7.0% Operating v Operating Income $16.2M Income Adjusted Operating income1 $19.0M Operating Operating Margin 34.1% Margin Adjusted Operating Margin1 40.0% 1. Non-GAAP financial measure or ratio. Non-GAAP financial measures and ratios do n
Slide 15: Digital Games
Digital Games ~ 76M Digital Games Revenue – Q1 2023 (US$ millions) vs. 78M Q1 2022 Toca -2% TOCA BOCA Ages 6+ Monthly Active Users (MAU) ~ 57M* vs. 61M Q1 2022 Toca Life World MAU -6% TOCA LIFE WORLD * included in Toca Boca balance above Ages 6+ ~ 294k vs. 309K Q1 2022 -5% Sago Kids in Active Subscr
Slide 16: Outlook
Outlook Toy Gross Adjusted Product Sales1 Revenue EBITDA Margin1 2022 $1.979M $2.02M v 19.2% Flat to slightly down In line with 2022, Flat to slightly up 2023 compared to 2022. compared to 2022, excluding PAW OUTLOOK Patrol: The Mighty excluding PAW Seasonality to return Movie Distribution Patrol: T
Slide 17: CSR Vision
CSR Vision Reimagining Everyday Play for Future Generations Spin Master creates magical play experiences for children and their families. We foster an inclusive culture, empowering children to grow and learn through play while acting as responsible custodians of the world these children will one day
Slide 18: 2022 CSR Performance
2022 CSR Performance v 1. Cash donations include monetary contributions to registered charities, cost of goods of donated products and direct operational costs 19 ©2023 Spin Master. All Rights Reserved. associated with donations. 2. Subject to external verification.