Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Q1 2023 Earnings Presentation
11 slides from Stillfront Group Ab's earnings presentation, 2023
Slide 1: Interim report Q1 2023
STILLFRONT GROUP Interim report Q1 2023
Slide 2: Stable performance with improving profitability
STILLFRONT IN Q1 2023 Stable performance with improving profitability An increasingly global footprint › Net revenue growth of 5 percent in first quarter Europe 28% North Am 43% › Increased focus drove strong performance from Asia 24% key franchises › Adjusted EBITDAC margin expansion to 24 Africa 1
Slide 3: Revenue development
Net Revenue, MSEK User acquisition cost, % of Net Revenue REVENUE DEVELOPMENT Net revenue & UAC Net revenue & UAC (LTM) Net revenue bridge +5% +23% 1,811 1,787 1,781 1,758 7,058 7,138 +8% -1% 1,758 1,678 6,719 1,678 -5% +3% 6,243 5,814 28% 26% 27% 26% 26% 26% 24% 25% 26% 25% Q1'22 Q2'22 Q3'22 Q4'22
Slide 4: Margin development
Adj. EBITDAC, MSEK Adj. EBITDAC margin, % MARGIN DEVELOPMENT Adj. EBITDA margin, % Adjusted EBITDAC Adjusted EBITDAC (LTM) +15% +9% › Adjusted EBITDAC margin 1653 expansion to 24 percent, up by 2 437 1599 1533 percentage points year-over-year 412 415 1510 1497 390 › Focused new product investments 3
Slide 5: Geographic expansion of key franchises
PORTFOLIO HIGHLIGHTS Geographic expansion of key franchises Portfolio highlights › Launch of BitLife France paired with strong performance from content update drove significant growth for BitLife franchise in quarter › Successful launch of Albion East in late March resulting in all- time-high daily
Slide 6: Active portfolio: Total
ACTIVE PORTFOLIO: TOTAL Bookings (‘000 SEK) +3% MAU (‘000 SEK) -12% MPU (‘000 SEK) -17% Bookings by channel DAU (‘000 SEK) -13% ARPDAU (SEK) +18% 1,713 1,693 1,693 1,653 1,499 1,521 Advertising 1,597 68,657 65,965 1,424 13% 65,767 60,909 60,502 1,231 1,240 DTC 24% 13,132 12,747 12,519 11,526 11,485
Slide 7: Active portfolio: Total
ACTIVE PORTFOLIO: TOTAL Bookings (MSEK) ARPDAU (SEK) User acquisition cost (MSEK) › Stable growth in bookings year-over- 8.5 8.0 8.1 8.3 year for Strategy (+11%) 7.4 › Simulation, RPG & Action bookings 527 605 599 586 586 154 145 returned to growth driven by Albion 166 165 162 East launch late in qu
Slide 8: Continued strong cash generation
CASH FLOW HIGHLIGHTS Continued strong cash generation Q1, MSEK Q1 2023 Q1 2022 Δ Cash flow from operations (before NWC) 517 529 -2% Continued strong underlying Change in net working capital -136 13 - Cash flow from operations (CFFO) 381 542 -30% cash flow from operations before changes in net workin
Slide 9: Conservative leverage and well-balanced maturity profile
BAL ANCE SHEET HIGHLIGHTS Conservative leverage and well-balanced maturity profile 7,000 5.00 4.50 6,000 4.00 1,470 1,350 5,000 989 776 3.50 1,740 917 749 2,438 1113 748 3.00 4,000 763 2.50 3,000 2.00 1.84 1.87 1.78 1.75 2,000 1.50 1.50 3,860 3,826 3,923 3,571 3,092 1.00 1,500 1,312 1,000 1,000 0.50
Slide 10: On course towards reaching our financial targets
SUMMARY AND OUTLOOK On course towards reaching our financial targets › Successful expansion of key franchises during first quarter driving above-market growth › Focused new product investments enabling higher profitability › Important progress in driving and measuring synergies across the group › Co
Slide 11: Stillfront Group
STILLFRONT GROUP