Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q3 2018 Earnings Presentation
12 slides from Modern Times Group Mtg Ab Class A's earnings presentation, November 2018
Slide 1: Q3 2018 Financial Results
Q3 2018 FINANCIAL RESULTS
Slide 2: Proposed NENT listing in Q1 2019
Proposed NENT listing in Q1 2019 New MTG NENT Group A pure play in digital entertainment Leading Nordic entertainment provider Comprising esports (ESL & DreamHack), online Comprising Nordic Entertainment, MTG Studios and gaming (InnoGames & Kongregate), Zoomin.TV and Splay Networks other inv
Slide 3: Q3 2018 in Summary
Q3 2018 IN SUMMARY • 3% organic sales growth & 28% profit growth • Nordic Entertainment delivered its eighth consecutive quarter of higher sales and profits despite challenging market conditions • MTGx generated double digit organic sales growth, and converted an EBIT loss last year into a profit th
Slide 4: Sales & EBIT by Segment
SALES & EBIT BY SEGMENT Sales (SEKm) EBIT before IAC (SEKm) 5 000 340 320 300 4 500 280 260 328 4 683 4 000 240 4 280 257 220 3 500 200 Q3’17 NE IE Studios MTGx Central Q3’18 Q3’17 NE IE Studios MTGx Central Q3’18 ops. & ops. & Elim. Elim. Sales and EBIT refer to continuing operations 4
Slide 5: Nordic Entertainment
NORDIC ENTERTAINMENT Key highlights Sales (SEKm) EBIT (SEKm) Organic sales up 2% • FTV & Radio – double digit growth for 3 500 400 Viafree and Swedish Radio offset by lower FTV sales (constant FX) 3 000 • PTV – double digit growth for Viaplay 300 2 500 with sports leading the way offset by lower Via
Slide 6: MTG Studios
MTG STUDIOS Key highlights Sales (SEKm) EBIT (SEKm) Organic sales down 23% 600 50 • Scripted sales significantly down as two major productions postponed from Q3 500 40 to Q4 • Promising pipeline of contracted 400 productions with return to growth 30 anticipated in Q4 & moving forward 300 • Splay del
Slide 7: International Entertainment
INTERNATIONAL ENTERTAINMENT Key highlights Sales (SEKm) EBIT (SEKm) Organic sales up 10% and EBIT up 67% 300 50 • Continued healthy growth in Nova’s market leading online and offline 40 businesses 200 Appealed regulatory decision re sale 30 • The sale of Nova was rejected by the Bulgarian regulator
Slide 8: MTGx
MTGx Key highlights Sales (SEKm) EBITDA (SEKm) Organic sales up 12% 1 200 100 • Reported sales up 28% boosted by the consolidation of Kongregate 1 000 • Esport sales up 6% on reported basis 80 supported by 16% growth in ESL’s 800 owned & operated business 60 • Online Gaming sales up 29% on a pro 600
Slide 9: Sales & EBIT by Type
SALES & EBIT BY TYPE Sales (SEKm) EBIT before IAC (SEKm) 5 000 400 4 500 4 000 300 4 683 4 280 328 3 500 257 3 000 200 Q3’17 Organic FX Acquisitions Divestments Q3’18 Q3’17 Organic Acquisitions Divestments Q3’18 Sales & EBIT refer to continuing operations. Organic EBIT includes FX translation & tran
Slide 10: Leverage
LEVERAGE Net debt (SEKm) Net debt to 12m trailing EBITDA before IAC 3 500 3,0 3 000 2,5 2 500 2,0 2 000 1,5 1 500 1,0 1 000 500 0,5 0 0,0 Q1’17 Q2’17 Q3’17 Q4’17 Q1’18 Q2’18 Q3’18 Q1’17 Q2’17 Q3’17 Q4’17 Q1’18 Q2’18 Q3’18 10
Slide 11: Summary
SUMMARY • 3% organic sales growth & 28% profit growth • Nordic Entertainment delivered its eighth consecutive quarter of higher sales and profits despite challenging market conditions • MTGx generated double digit organic sales growth, and converted an EBIT loss last year into a profit this year 11
Slide 12: Questions Please
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Modern Times Group MTG — Q3 2018 Earnings Presentation on 6ix