Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q4 2021 Earnings Presentation
13 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Feb 7, 2022
Slide 1: Q4 2021
Q4 2021 February 7, 2022
Slide 2: Highlights of the quarter
Highlights of the quarter * Announced the sale of ESL Gaming to Savvy Gaming Group creating the first esports unicorn * MTG becoming a pure play gaming company * The gaming vertical accelerated its growth to 13% on a pro forma! basis with maintained margins on the back of diversified portfolio * Tot
Slide 3: Gaming: Consolidation and stellar performance from the new acquisitions
Gaming: Consolidation and stellar performance from the new acquisitions Gaming net sales, reported (SEKm) Gaming adj. EBITDA, reported (SEKm) Comments +101% Y +100% 7 as ° On the back of successful M&A 1,272 Net sales increased by 100% at 364 constant currencies * Strong traction within PlaySimple's
Slide 4: Highly profitable gaming vertical with an accelerating growth profile
Highly profitable gaming vertical with an accelerating growth profile P 9 Reported Pro forma! Pro forma! Financials, SEKm 2021 2021 Qa re Net sales 3,931 4,792 1,272 Adj. EBITDA 1,203 1,498 407 Adj. EBITDA margin, % 31% 31% 32% Organic Net sales Growth, -9% 12% 13% % 1) Unaudited pro forma figures.
Slide 5: Diversified revenue profile with strong user growth
—— Diversified revenue profile with strong user growth — Game title diversification MAU and DAU development (millions) == Revenue generated by the top 3 games MTG completes — MAU — DAU 9 % 80% acquisition of 80 = 75% _77% 75% PlaySimple 35 4 32.4 358 70 4 30 4 —_ 4 24.6) 60 25 4 50 4 MTG completes 4
Slide 6: Introduce, Establish game lifecycle
Introduce Establish RID. Destination). Word Bing Solitaire Pee} 2 Animation Throwdown] pees Bs 2 ey Sunrise Where's Mpa) Classic Village | Water? 2 Solitaire SpongeBot | Inside Out tle Thought Adventu Bubbles No revenues High marketing investment High marketing investment Low marketing investment ‘N
Slide 7: A clear operating model to create value
A clear operating model to create value Establishing centers of (0) Central functions excellence: Central resources HE Centers of excellence dedicated to ensuring best-in- Capital key enablers class operations across the allocation entire portfolio. Strategy Governance pP & MBA & steering Reporting
Slide 8: Esports: Back to growth for second half of 2021
——— Esports: Back to growth for second half of 2021 Esports net sales, reported (SEKm) Esports adj. EBITDA, reported (SEKm) Comments > * Net sales down by 10% year- I -11%! | I {47} | on-year due to highly concentrated event schedule in 388 386 Q4’20 357 * H2 organic growth of 12% oa * High pace in
Slide 9: Divesting Esports: Realizing shareholder value and accelerating our gaming strategy
Divesting Esports: Realizing shareholder value and accelerating our gaming strategy saw Pbivesting esports to Savvy Gaming Group ”New MTG”~—A pure play gaming company GROUP Core focus on gaming with a well-balanced portfolio Strong operational development outperforming the market Realizing substanti
Slide 10: Group: Quarterly revenue and adjusted EBITDA
Group: Quarterly revenue and adjusted EBITDA —— Group net sales, reported (SEKm) Group adj. EBITDA, reported (SEKm) Comments %I +80% vy * Net sales increased by 56% driven Cse%) y tion cf by the consolidation of acquisitions * Pro forma? net sales growth of 7% » Adjusted EBITDA increased on the back
Slide 11: Group cash flow statement (SEKm)
Group cash flow statement (SEKm) Group: Cash flow statement Comments Q4 Q4 FY 2021 2020 2021 Cash flow from operations 317 117 618 Taxes paid -91 -67 -286 Changes in working capital 101 45 -27 Net cash flow to/from operations 326 95 306 Cash flow from/used in investing activities -431 -2,260 -3,372
Slide 12: Summary and outlook
Summary and outlook Accelerating pro forma’ growth profile for the gaming vertical * Divestment of esports realizing substantial shareholder value and returning of at least 40% of net proceeds to shareholders Pure play gaming company with great assets and strong financial position * Continue our sco
Slide 13: Q&A
Modern Times Group MTG — Q4 2021 Earnings Presentation on 6ix