Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A

Modern Times Group Mtg Ab Class A — Q3 2023 Earnings Presentation

12 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Oct 25, 2023

  1. Slide 1: Q3 2023 Conference Call, October 25, 2023

    Mo October 25, 2023 Q3 2023 Maria Redin, CEO Nils Mésko, CFO Warhammer 40k: Tacticus

  2. Slide 2: We return to organic growth and increase our margin outlook

    CONFERENCE CALL Q3 2023 We return to organic growth and increase our margin outlook Record sales 6% reported YoY sales growth 1% YoY organic growth Record adj EBITDA 30% adjusted EBITDA margin 20% YoY growth Increased margin outlook 25-27% Increased from 23-25% We expand the village with Snowprint I

  3. Slide 3: Snowprint Studios - Set to succeed in midcore

    CONFERENCE CALL Q3 2023 Mo Snowprint Studios - Set to succeed in midcore We are excited for Snowprint to join the Gaming Village #1 Turn-based tactics games developer with veteran team Successful game built on global Warhammer 40,000 franchise "5 Warhammer 40,000: Tacticus is in an Founded 2015, HQ

  4. Slide 4: Record sales with 6% sales growth YoY, 1% organic growth YoY

    CONFERENCE CALL Q3 2023 Mo Record sales with 6% sales growth YoY, 1% organic growth YoY and 2% from Q2 Reported revenue’, SEKm Reported revenue!, SEKm LTM — © YoY Sales growth YoY Organic growth 5,646 5,421 5:937 5,485 5564 5,090 4,521 3,931 3,294 2,891 210 2,697 2,600 2824 743 2,406 2,437 2581 2,55

  5. Slide 5: Live ops and strong execution drives growth in almost all genres

    CONFERENCE CALL Q3 2023 Live ops and strong execution drives growth in almost all genres a Revenue by franchise, SEKm Hl Word Games Il Tower Defense [ill] Other smaller franchises > Strategy & Simulation Il Racing Sequential growth YoYgrowthat ‘at constant constant currencies currencies 6 #608 Qz22

  6. Slide 6: We are executing on an active new games pipeline

    CONFERENCE CALL Q3 2023 Mo We are executing on an active new games pipeline Early launch/Scaling Pre-launch PlaySimple has several new titles in the New Hutch title Forza Customs now available globally — full commercial launch development pipeline Forza Customs 4 coming soon Ninja Kiwi announced tha

  7. Slide 7: Stable DAU dynamics despite seasonally weaker Q3 and mid-core UA challenges

    CONFERENCE CALL Q3 2023 Mo Stable DAU dynamics despite seasonally weaker Q3 and mid-core UA challenges Revenue streams User development, millions — — IAP — IAA Third party publication platforms (Other) MAU — DAU — ARPAU millions SEK 80 4 75% 40 5.0 35.2 70 66% ose gay 35 } 32.4 S38 BS sa 3S 31.0 “ 6

  8. Slide 8: Record Q3 adj. EBITDA of SEK 449m (30% margin)

    CONFERENCE CALL Q3 2023 Mo Record Q3 adj. EBITDA of SEK 449m (30% margin) Reported adj. EBITDA’, SEKm Reported adj. EBITDA', SEKm LTM — — © Adj. EBITDA margin Adj. EBITDA — CAPEX margin 233 694 698 605 519 55, 583 579 NID Q2'19 A319 A419 QI'20 Q2'20Q3'2044'20 GI'21_ Q2'21 Q3'21 Q4'21 G1'22 Q2'22QS'2

  9. Slide 9: Intelligent UA spend in the portfolio driven by Word Games

    CONFERENCE CALL Q3 2023 Mo Intelligent UA spend in the portfolio driven by Word Games UA spend development Comments — — 1) UAspend, SEKm = UA spend as % of revenue * 37% of total revenues spent on user acquisition 576 559 563 + UAspend driven by PlaySimple and the casual segment to capitalize on con

  10. Slide 10: Continued strong net cash position with cash conversion at 52% on LTM basis

    CONFERENCE CALL Q3 2023 Mo Continued strong net cash position with cash conversion at 52% on LTM basis Group cash flow statement, SEKm Balance sheet, SEKbn — — Q3 LTM 2023 Cash flow from operations! 444 1,475 Taxes paid -130 -416 Changes in working capital 39 -93 CAPEX -43 -230 =a’bn =2ibn Free cash

  11. Slide 11: 2023 margin outlook updated after a strong quarter

    CONFERENCE CALL Q3 2023 Mo 2023 margin outlook updated after a strong quarter Conclusion + We return to organic growth and continue growing sequentially, with SEKm 1,494 in revenues and adj. EBITDA of SEKm 449 witha margin of 30% * Growing operational momentum through the year highlights quality and

  12. Slide 12: Q&A

Modern Times Group MTG — Q3 2023 Earnings Presentation on 6ix