Verve Group Se Class A · OMXSTO:VER
Verve Group Se Class A — MGI - Media and Games Invest — Q1 2024 Earnings Presentation
16 slides from Verve Group Se Class A's earnings presentation, 2024
Slide 1: MGI - Media and Games Invest SE Interim Report Q1 2024
MGI - Media and Games Invest SE Interim Report Q1 2024
Slide 2: Disclaimer
Disclaimer THE INFORMATION CONTAINED IN THIS PRESENTATION IS STRICTLY CONFIDENTIAL. ACCORDINGLY, THE INFORMATION INCLUDED HEREIN MAY NOT BE REFERRED TO, QUOTED OR OTHERWISE DISCLOSED BY YOU, NEITHER DIRECTLY OR INDIRECTLY NOR WHOLLY OR PARTLY. BY REVIEWING THIS INFORMATION, YOU ARE ACKNOWLEDGING THE
Slide 3: A Strong First Quarter
A Strong First Quarter Q1 2024 21% 2024 Guidance Organic Growth Double Digit Google Revenue and Cloud & AI Up to EBITDA Growth Partnership €48m Organic Revenue Growth Strong and Privacy focus, Increasing ATOM 3.0 Industry Release Recognition Strong organic growth in 2024 3
Slide 4: KPIs Driving Organic Revenue and EBITDA Growth
KPIs Driving Organic Revenue and EBITDA Growth Ad impressions delivered Ad Impressions Net $ Expansion Rate 1 (in bn) +20% 110% 206 199 181 186 95% 166 93% 89% 82% Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 >100k $ Software Clients2 >100k $ Software Clients3 +30% Total Software prev
Slide 5: Strategic Collaboration with Google Cloud
Strategic Collaboration with Google Cloud Key Partnership Highlights Significant cost savings of €20 million over the next four years Leveraging Advanced Cloud AI Capabilities for Operational Excellence Copyright © 2024 MGI - Media and Games Invest SE. All Rights Reserved. 5
Slide 6: ATOM 3.0 Release
ATOM 3.0 Release A Problem Solver On-Device AI-Targeting Solution for iOS 75%+ • Originally launched in 2021 of iPhone • Now integrated with MGI's HyBid SDK users avoid tracking • The only scalable solution for targeting ID-less mobile users With Great Potential • Hybid SDK that reaches 10k+ Apps an
Slide 7: Strong and Increasing Industry Recognition
Strong and Increasing Industry Recognition1 Based on leading targeting and supply solutions Awarded as Industry specialist Research House TPA Programmatic supply According to Pixalate, According to Singular, Programmatic Digiday has awarded Digital has found that chain analyst Jounce MGI is amongst
Slide 8: MGI - #1 in SKAN 4.0 Adoption
MGI - #1 IN SKAN 4.0 ADOPTION Source: singular Copyright © 2023 MGI - Media and Games Invest SE. All Rights Reserved. 8
Slide 9: Financials
G Media and Games Invest @ FINANCIALS
Slide 10: Double Digit Revenue and EBITDA Growth
Double Digit Revenue and EBITDA Growth Q1 2024 Highly Profitable and Cash Generating 20% 21% Profit Growth % Revenue Growth Organic Revenue Growth adjusted for FX 16% 10% Adj. EBITDA growth Adj. EBIT growth Net Revenues 99 Adj. EBITDA Strong Margin % €m 82 76 78 20% revenue 69 growth 27% 20% Adj. EB
Slide 11: Return to Organic Growth Leads to Solid EBITDA Increase
Return to Organic Growth Leads to Solid EBITDA Increase Highly Scalable and Profitable Business Model In €m1,2 CAGR 46%3 38% 336 4 322 303 Organic Growth5 252 21% 30% 29% 30% 29% 18% 28% 140 22% 21% 93 95 98 84 77 77 78 71 55 45 5% 29 13 7 18 10 18 2018A 2019A 2020A FY 2021 FY 2022 FY 2023 Q1 2024 L
Slide 12: Operating Cash Flow and Capex Development
Operating Cash Flow and Capex Development Strong cash flow from operations, continuous investments in organic growth Operating cash flow development1,2,3 Capex development3 134 296 In €m In €m Normalization working capital Maintenance Capex5 Operating Cash Flow 23 Expansion Capex Free Cash Flow afte
Slide 13: Net Leverage Ratio
Net Leverage Ratio Focusing on deleveraging in the coming quarters 294 €m normalized for Q1’24 WC swings and earn-out payment Net debt to adj. EBITDA ratio development1 319 In €m 295 Net leverage 274 Net Interest Bearing Debt Earn-Out 112 199 27 €m Earn-Outs whereof 12 €m payable in shares 35 7.0x 2
Slide 14: Guidance For 2024
Guidance For 2024 Actuals Guidance 2023 2024 Revenue 322 350-370 (in €m) Adj. EBITDA 95 100-110 (in €m) Copyright © 2024 MGI - Media and Games Invest SE. All Rights Reserved. 14
Slide 15: Accelerating Organic Growth
Accelerating Organic Growth 21% 16% 1% Q3 23 Q4 23 Q1 24
Slide 16: Thank You.
Thank You. www.mgi-se.com 16
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