Playtika Holding Corp. · NASDAQ:PLTK
Playtika — Q3 2024 Earnings Presentation
12 slides from Playtika's earnings presentation, Nov 7, 2024
Slide 1: Playtika Holding Corp. Third Quarter 2024 Results
PLAYTIKA HOLDING CORP. Third Quarter 2024 Results November 7, 2024
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this prese nt
Slide 3: Q3 Financial Highlights
Q3 FINANCIAL HIGHLIGHTS Revenue of $620.8 million, Net Income of $39.3 million, and Credit Adjusted EBITDA of $197.2 million. Revenue decreased by (1.0)% sequentially and (1.5)% year over year. Net income decreased by (54.6)% sequentially and increased 3.7% year over year. Credit Adjusted EBITDA inc
Slide 4: Q3 Business Highlights
Q3 BUSINESS HIGHLIGHTS Entered into definitive agreement to acquire SuperPlay o Creator of hit mobile games Dice Dreams and Domino Dreams o Upfront consideration of $700 million and additional contingent consideration of up to $1.25 billion, subject to achieving certain revenue and Adj. EBITDA targe
Slide 5: Quarterly Revenue by Platform
QUARTERLY REVENUE BY PLATFORM Total Revenue Direct-to-Consumer Platforms Revenue Third-Party Platforms Revenue (1.5)% +8.3% (4.8)% Note: USD in millions. See appendix for definitions of Direct-to-Consumer Platforms. 5
Slide 6: Selected Quarterly Financials
SELECTED QUARTERLY FINANCIALS Net Income Credit Adjusted EBITDA and Margin (4.1)% +3.7% Note: USD in millions. See appendix for definitions of Credit Adjusted EBITDA. Credit Adjusted EBITDA is a non-gaap measure, see reconciliation on slide 11. 6
Slide 7: Quarterly KPI Trends
QUARTERLY KPI TRENDS Average Daily Paying Users (in millions) Average Daily Active Users (in millions) +0.7% (9.5)% Average Revenue per Daily Active User Average Payer Conversion +9.9% +40bps Note: See appendix for definitions of Average Daily Paying Users, Average Daily Active Users, Average Revenu
Slide 8: Revenue Contribution
REVENUE CONTRIBUTION Revenue Mix Revenue Mix (Casual and Social Casino) (DTC and 3rd Party Platforms) Note: See appendix for definitions of Casual Themed Games, Social Casino Themed Games, and Direct-to-Consumer Platforms. 8
Slide 9: Capital Structure Overview
CAPITAL STRUCTURE OVERVIEW Available Liquidity Debt Maturity Profile Capital Structure and (as of 9/30/24) (as of 9/30/24) Capital Allocation Approximately $1.80 billion in available liquidity Capital structure does not incorporate the impact of the pending SuperPlay acquisition Net LTM leverage of
Slide 10: Appendix: Non-GAAP Financial Measure
APPENDIX Non-GAAP Financial Measure Credit Adjusted EBITDA: Our Credit Agreement defines Adjusted EBITDA (which we call “Credit Adjusted EBITDA”) as net income b efore (i) interest expense, (ii) interest income, (iii) provision for income taxes, (iv) depreciation and amortization expense, (v) impair
Slide 11: Appendix: Reconciliation of GAAP to Non-GAAP Measure
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Three Months Ended, September 30, 2023 December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 Credit Adjusted EBITDA Reconciliation Net Income $ 37.9 $ 37.3 $ 53.0 $ 86.6 $ 39.3 Provision for income taxes 26.9 50.1 21.9 33.7 24.4 Interes
Slide 12: Appendix: Glossary of Key Terms
APPENDIX Glossary of Key Terms Average Revenue per Daily Active User: or “ARPDAU” means (i) the total revenue in a given period, (ii) divided by the number of days in that period, (iii) divided by the average Daily Active Users during that period. Daily Active Users: or “DAUs” means the number of in