Slide 1: Stillfront Group Interim report, Q2 2022
Stillfront Group Interim report, Q2 2022 21 July 2022
Slide 2: Positive momentum accelerates in Q2
STILLFRONT IN Q2 2022 Positive momentum accelerates in Q2 31 GROWING NUMBER OF TALENTS SPREAD ACROSS OUR STUDIOS WORLDWIDE Net revenue growth of 31 percent with positive organic Europe 25% growth percent North Am 46% Asia 23% Performance driven by new game launches, studio collaborations and strong
Slide 3: Studio collaborations and live ops supporting growth
P ORTFOLIO HIGHLIGHTS Studio collaborations and live ops supporting growth ORGANIC EXPANSION OF THE ACTIVE PORTFOLIO • Three games added to the active portfolio in Q2, continuing the good momentum from Q1 PORTFOLIO HIGHLIGHTS • Continued strong performance from Bytro’s grand strategy engine, with fi
Slide 4: Financial development
Net Revenue, MSEK Adj. EBIT, % of Net Revenue FINANCIAL DEVELOPMENT UAC, % of Net Revenue Net revenue, Adj. EBIT & UAC Net revenue, Adj. EBIT & UAC (LTM) Net revenue bridge 1 811 6 243 1 811 1 678 +10% 5 814 +21% 5 455 1 442 5 094 1 382 4 809 1 382 +1% 1 311 35% 36% 34% 33% 32% 33% 32% 30% 30% 28% 2
Slide 5: Active portfolio: total
ACTIVE P ORTFOLIO: TOTAL MAU (‘000) -1% YoY DAU (‘000) 0% YoY MPU (‘000) +8% YoY Bookings (‘000) +31% YoY ARPDAU (SEK) +32% YoY 12 809 12 319 12 571 13 132 12 747 1 499 1 521 1 713 1 410 1 440 1 597 66 903 68 657 65 965 1 370 62 308 63 828 1 368 1 309 1 226 1,4 1,5 1,1 1,1 1,2 Q2'21 Q3'21 Q4'21 Q1'2
Slide 6: Active portfolio: product areas
ACTIVE P ORTFOLIO: PRODUCT ARE A S Bookings (MSEK) ARPDAU (SEK) User acquisition cost (MSEK) 8,0 7,3 7,4 7,4 605 6,6 527 166 154 331 • Strong growth in bookings year-over- 330 94 301 58 year for both Strategy (+83%) and 383 69 92 Casual & Mash-up (+24%) 395 385 106 394 3,0 3,1 108 3,0 129 395 2,9 2,
Slide 7: Continued strong cash flow generation
C A SH FLOW HIGHLIGHTS Continued strong cash flow generation Q2, MSEK Q2 2022 Q2 2021 Cash flow from operations (before NWC) 477 434 9% Change in NWC -27 9 -346% Cash flow from operations (CFFO) 450 443 2% Cash flow from investment activities -829 -1,004 -17% Free cash flow of 1,016 MSEK LTM Cash fl
Slide 8: Strong financial position with leverage below target
BAL ANCE SHEET HIGHLIGHTS Strong financial position with …and a diversified financing leverage below target… platform 5 000 2,5 1 133 1 470 4 000 850 1 740 2,0 1 171 2 105 3 000 1,5 1,6x 1,6x 1,4x 1,2x 1,2x 2 000 1,0 3 587 3 649 3 571 3 092 2 654 1 000 0,5 1 645 1 500 1 000 600 0 0,0 Q2'21 LTM Q3'21
Slide 9: Continued organic growth acceleration expected for second half of the year
SUMMARY AND OUTLO OK Continued organic growth acceleration expected for second half of the year Return to Usual seasonality Reiterated guidance of organic growth in Q2 expected in Q3 mid-single digit organic growth for FY2022 9
Slide 10: STILLFRON
| 4 c | STILLFRON