Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A

Modern Times Group Mtg Ab Class A — Q1 2023 Earnings Presentation

11 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Apr 26, 2023

  1. Slide 1: Q1 2023 Conference Call

    Mo April 26, 2023 Q1 2023 Maria Redin, CEO Lasse Pilgaard, CFO

  2. Slide 2: Strong underlying performance in PlaySimple and Ninja Kiwi, InnoGames stabilizing

    CONFERENCE CALL Q1 2023 Meo Strong underlying performance in PlaySimple and Ninja Kiwi & signs of stabilization from InnoGames in second half of Q1 Reported revenues down 4% YoY & organic revenues down 11% YoY to SEKm 1,306 due to tough InnoGames comps and PlaySimple platform incentive in Q?22 Stron

  3. Slide 3: Organic revenues down 11% due to tough comps

    CONFERENCE CALL Q1 2023 Mo Organic revenues down 11% due to tough comps for PlaySimple and weak start to Q1 and post-pandemic boost in Q1 22 for Innogames Reported revenue, SEKm Reported revenue, SEKm LTM Revenue bridge, SEKm — Reported net revenues down 4% year on year PlaySimple and Ninja Kiwi sho

  4. Slide 4: Word Games strongest franchise for 5th consecutive quarter

    CONFERENCE CALL Q1 2023 Mo Word Games strongest franchise for 5th consecutive quarter & YoY performance of Tower Defence testaments to IP strength Revenue by franchise, SEKm "> Strategy & Simulation [ll Racing Hl Word Games 1) Other smaller franchises Il Tower Defense 1,357 1,379 Qr22 Q222 Qz22 Q4'2

  5. Slide 5: New Word Games scaling successfully, new games pipeline

    CONFERENCE CALL Q1 2023 Pre-launch Early launch/Scaling Mo New Word Games scaling successfully, and exciting new games pipeline for 2023 and beyond for the group Live games Upcoming season change in F1 Clash (Hutch) Browser version of Sunrise Village, targeting launch in H2 2023 (InnoGames) Hutch wo

  6. Slide 6: Player growth in Word Games offsets challenges in Strategy & Simulation

    CONFERENCE CALL Q1 2023 Player growth in Word Games offsets continued challenges in attracting new Strategy & Simulation players in first half of Q1 Revenue streams User development, millions Mo — — — IAP MAU — DAU — IAA Third party publication platforms (Other) 100 4 96% 30, 40 35.2 90 33.8 33.3 ;

  7. Slide 7: Adj. EBITDA margin of 20%, margin up slightly YoY like for like

    CONFERENCE CALL Q4 2022 Mo Adj. EBITDA margin of 20% & margin up slightly YoY on a like for like basis when adjusting for platform incentive bonus Reported adj EBITDA, SEKm Reported adj EBITDA, SEKm LTM EBITDA to adj EBITDA, SEKm — —- — || Reported —= Adj. EBITDA - CAPEX margin 1) Reported — Margin

  8. Slide 8: UA spend driven by scaling of new games in PlaySimple

    CONFERENCE CALL Q1 2023 Mo UA spend driven by successful scaling of the new games in PlaySimple but down YoY due to lower UA spend from InnoGames UA spend development Comments =. —_—- 1) UA spend, SEKm — UA spend as % of revenue 576 559 * 41% of total revenues spent on user acquisition + UAspend dow

  9. Slide 9: Continued strong cash position enables future M&A

    CONFERENCE CALL Q1 2023 Meo Continued strong cash position. Strong balance sheet enables future M&A and shareholder value creation Group cash flow statement, SEKm Balance sheet, SEKbn — — Qi LTM I Cash Position Q123 2025 Debt capacity (3.5x Adj EBITDA) Cash flow from operations! 320 41,512 Taxes pai

  10. Slide 10: Providing full year outlook on improving operational momentum

    CONFERENCE CALL Q1 2023 Mo Providing full year outlook on the back of improving operational momentum and early indications of positive shift in our marketing environment Outlook Encouraging positive momentum and healthy dynamics for the group as a whole and our market in Q1 provide us with confidenc

  11. Slide 11: Q&A

Modern Times Group MTG — Q1 2023 Earnings Presentation on 6ix