Enad Global 7 Ab · OMXSTO:EG7
Enad Global 7 Ab — Q3 2024 Earnings Presentation
15 slides from Enad Global 7 Ab's earnings presentation, Nov 12, 2024
Slide 1: Investor Presentation Q3 2024
x Investor Presentation Q3 2024 2024/ 11/ 12
Slide 2: Key Performance Figures
EG7 Q3 2024 INTERIM REPORT Key Performance Figures NET REVENUE ADJUSTED EBITDA NET CASH POSITION 466 MSEK 102MSEK 219 MSEK A SOLID REBOUND FROM Q2 2024 LOWS ▪ Strong sequential upswing from Q2 2024 ▪ 32% increase in Net Revenue and 204% increase in Adjusted EBITDA ▪ More accentuated sequential uptic
Slide 3: Q3 2024 Adjusted EBITDA Contribution
EG7 Q3 2024 INTERIM REPORT Q3 2024 Adjusted EBITDA Contribution MSEK (2) (8) GAMES SERVICES OTHER HIGHLIGHTS ▪ MSM performing steadily with a boost for ▪ Fireshine delivered a strong quarter led ▪ Successful closing and integration of the quarter with anniversary content by Core Keepers’ successful
Slide 4: MechWarrior 5: Clans
EG7 Q3 2024 INTERIM REPORT MechWarrior 5: Clans ▪ Released on October 17, 2024 ▪ Across Steam, Xbox, Game Pass Xbox/PC and PlayStation ▪ Solid critical and community reception ▪ Metacritic rating at 79 (vs 73 for MW5: Mercenaries) ▪ Steam rating at 77% and trending towards 80+ ▪ Confidence in the ov
Slide 5: Financial Discussion
Financial Discussion
Slide 6: Net Revenue, ADJ EBITDA and EBIT
EG7 Q3 2024 INTERIM REPORT Net Revenue, ADJ EBITDA and EBIT QUA RT ER LY LTM (MSEK) 50% 650 2 500 50% 45% 2 131 45% 2 045 550 517 40% 2 000 1 855 40% 473 466 35% 1 725 1 673 35% 450 382 30% 353 1 500 29% 30% 350 27% 27% 25% 25% 22% 22% 250 21% 20% 1 000 19% 20% 18% 141 623 15% 16% 15% 150 542 98 102
Slide 7: Sustainable part of Net Revenue
EG7 Q3 2024 INTERIM REPORT Sustainable part of Net Revenue QUA RT ER LY LTM (MSEK) 600 100% 2500 100% 517 90% 2131 90% 2045 500 473 466 80% 2000 80% 1855 74% 1725 71% 70% 66% 1673 70% 400 382 64% 66% 65% 64% 353 63% 60% 1500 1403 60% 58% 57% 301 305 1318 300 272 271 50% 1165 50% 261 1105 1108 40% 10
Slide 8: Net Revenue and Adjusted EBITDA Mix
EG7 Q3 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Daybreak 212 46% Net Revenue and Big Blue Bubble Rest of the group 84 169 18% 36% Adjusted EBITDA Mix Group total 466 100% Q2 ADJ EBITDA CONTRIBUTION Daybreak 52 51% Big Blue Bubble 42 41% Rest of the group 8 7% (MSEK) Group total 102 100% D AY
Slide 9: Net Revenue and Adjusted EBITDA Mix
EG7 Q3 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Piranha 16 3% Net Revenue and Toadman Rest of the group 441 9 2% 95% Adjusted EBITDA Mix Group total 466 100% Q2 ADJ EBITDA CONTRIBUTION Piranha 3 3% Toadman -2 -2% Rest of the group 101 99% (MSEK) Group total 102 100% PIRANHA QUARTERLY TOADMAN
Slide 10: Net Revenue and Adjusted EBITDA Mix
EG7 Q3 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Fireshine 110 24% Net Revenue and Petrol Rest of the group 35 321 8% 69% Adjusted EBITDA Mix Group total 466 100% Q2 ADJ EBITDA CONTRIBUTION Fireshine 16 16% Petrol 0 0% Rest of the group 86 84% (MSEK) Group total 102 100% FIRESHINE QUARTERLY PE
Slide 11: Net Cash Position
EG7 Q3 2024 INTERIM REPORT Net Cash Position (MSEK) 500 473 481 467 Q3 Cash Flow 400 Cash OB 317 Operation* 35 317 300 Investing** -119 Financing*** -7 219 200 Delta Cash -91 Currency fluctuations in liquidity -7 100 Cash CB 219 7 * In WC, Accrued revenue -36 MSEK 0 ** Net S6 investments -50 MSEK **
Slide 12: Figures in Perspective
EG7 Q3 2024 INTERIM REPORT Figures in Perspective Market ▪ YTD the industry suffered ~13,000 lay offs EYE ON THE PRIZE ▪ Market is estimated to grow at 3% CAGR through 2026 (MSEK) 3500 2023-2026P 16% organic CAGR EG7 3000 ▪ Exited to add S6 and the game Palia to our portfolio ▪ Cost-saving efforts w
Slide 13: Summary
Summary
Slide 14: Summary
EG7 Q3 2024 INTERIM REPORT Summary ▪ A nice rebound in performance for the period ▪ Reflects the heavier backend weighted pipeline for the year ▪ Q4 results should be reflective of the same ▪ Market remains challenging for the broader industry ▪ Big guys are doing fine overall ▪ Indies and small to
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