Enad Global 7 Ab · OMXSTO:EG7
Enad Global 7 Ab — Q3 2022 Earnings Presentation
15 slides from Enad Global 7 Ab's earnings presentation, Nov 17, 2022
Slide 1: Investor Presentation Jul-Sep 2022
I N V E S T O R P R E S E N TAT I O N JUL-SEP 2022
Slide 2: Financial Highlights from the Quarter
Financial Highlights from the Quarter • Net Revenue of SEK 445 (354) million • 25.5% Y-o-Y growth • Strong organic growth of 19% • Adjusted EBITDA of SEK 113 (71) million, representing a 25% margin • Solid cash flows with SEK 131 million of operating cash flows for the period • Additional SEK 185 mi
Slide 3: Operational Highlights – Service Segment
Operational Highlights – Service Segment • Key figures • Net Rev of SEK 150 million, representing 44% growth – all organic • Adj EBITDA of SEK 19 million, representing 42% growth and 13% margin • Operational highlights • Fireshine continues strong performance • Digital publishing was a key contribut
Slide 4: Operational Highlights – Game Segment
Operational Highlights – Game Segment • Financial performance highlights • Net Rev of SEK 295 million, representing 18% growth – 8% organic • Adj EBITDA of SEK 99 million, representing 48% growth Y-o-Y and 34% margin • Highlights for the quarter included • Net Revenues for Daybreak grew by 27% Y-o-Y
Slide 5: Innova divestment
Innova divestment • Successfully closed on the sale of Innova to a third party in September • Sold to Games Mobile ST LTD, a Cypress based private gaming group • Summary of key terms • EUR 21 million of cash consideration • EUR 17 million at closing • EUR 4 million to be paid quarterly in equal inst
Slide 6: Q3 2022 Financial Discussion
Q3 2022 FINANCIAL DISCUSSION
Slide 7: Net Revenue and Adjusted EBITDA
Net Revenue and Adjusted EBITDA MSEK QUARTERLY LTM 2 000 100% 600 100% 1 806 1 800 1 716 90% 499 90% 500 463 1 564 444 80% 1 600 1 468 80% 400 70% 1 400 70% 400 354 1 165 60% 1 200 60% 300 50% 1 000 50% 40% 800 40% 200 27% 25% 30% 600 30% 20% 18% 21% 22% 22% 21% 22% 18% 113 92 107 20% 400 20% 100 71
Slide 8: Net Revenue by Segment
Net Revenue by Segment MSEK QUARTERLY NET REVENUE LTM NET REVENUE 268 192 150 2 000 144 104 1 500 708 754 556 611 454 876 952 1 000 295 779 818 231 256 270 613 250 912 953 1 007 1 052 500 711 - 3Q21 4Q21 1Q22 2Q22 3Q22 3Q21 4Q21 1Q22 2Q22 3Q22 Game Service Game Service Sustainable Revenue QUARTERLY
Slide 9: Game Segment – Q3 2022 Net Revenue and Adj EBITDA Mix
Game Segment – Q3 2022 Net Revenue and Adj EBITDA Mix MSEK QUARTERLY GAME Q3 Net Revenue contribution 350 100% Daybreak 216 73% 295 90% Big Blue Bubble 48 16% 300 270 250 256 80% Piranha 25 9% 250 231 70% Toadman & AMG 5 2% 60% Game segment total 295 100% 200 50% 150 33% 40% Q3 Adj EBITDA contributi
Slide 10: Service Segment – Q3 2022 Net Revenue and Adj EBITDA Mix
Service Segment – Q3 2022 Net Revenue and Adj EBITDA Mix MSEK QUARTERLY SERVICE 300 100% 268 90% 250 Q3 Net Revenue contribution 80% Fireshine 83 56% 192 70% 200 Petrol 66 44% 60% Service segment total 150 100% 144 150 150 50% 104 40% Q3 Adj EBITDA contribution 100 22% 30% Fireshine 9 47% 18% 13% 14
Slide 11: Target and guidance
Target and guidance MSEK 2022 Sept. Incl: 65 MSEK MTGO QUARTERLY Growth fx Growth fx Growth fx LTM NET REVENUE MSEK 600 org. 13% org. 24% org. 1.2% 2000 1806 499 1800 500 463 444 1600 400 1400 1320 400 354 1200 1000 300 800 600 200 27% 25% 400 20% 18% 18% 92 107 113 200 100 84 71 0 Oct Nov Dec Jan F
Slide 12: Strong balance sheet
Net Debt to EBITDA ratio and cash MSEK 694 Q3 cash flow 654 534 557 484 493 499 442 449 Cash OB 381 381 0,28 Operation +131 0,25 Investing +141 252 Financing -20 107 111 Currency fluctuations in liquidity +21 50 Delta Cash +273 -0,36 Cash CB 654 Q3-2021 Q4-2021 Q1-2022 A Q2-2022 A Q3-2022 FC - 155 C
Slide 13: Summary
S U M M A RY
Slide 14: EG7 Investment Highlights
EG7 Investment Highlights • Consistently delivering strong results quarter after quarter • Continued organic growth despite the market challenges • Stable recurring revenues, consistently producing strong operating cash flows • Portfolio of world class IPs with significant long-term product upside p
Slide 15: Q&A
Q&A