Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group (NENT Group) — Q2 2021 Earnings Presentation
15 slides from Viaplay Group Ab Class A's earnings presentation, 2021
Slide 1: Results presentation Q2 2021
Results presentation Q2 2021 nentgroup.com
Slide 2: Q2 Key highlights
Q2 Key highlights Organic sales up 31% and operating income before ACI & IAC up 56% Viaplay subs up 21% to 3,287k including 113k Nordic and 27k international subscribers Viaplay is largest revenue generating unit for first time with 36% organic growth Max Anger
Slide 3: Viaplay performance
Viaplay performance Viaplay subscriber base* (thousands) Comments • 21% YoY subscriber growth with 140k subscribers added 3,287 3,020 3,147 QoQ and 571k YoY 2,716 2,813 2,510 • Total streamed minutes up to 13.86bn with 99.97% up- 2,272 2,151 rate • 36% YoY organic sales growth to account for 35% of
Slide 4: Viaplay Originals
Viaplay Originals 14 +82% 6 titles increase in viewing of of top 10 scripted series premiered Viaplay Originals YoY were Viaplay Originals
Slide 5: New & extended sports rights
New & extended sports rights 2021-2029 2023-2025 2021-2026 2022-2024 FIFA World Cup South American Qualifiers 2021-2023 2021-2022 2023 2022-2028
Slide 6: Subscriptions, advertising and studios
Subscriptions, advertising and studios Other subscriptions Advertising Studios & other Other subscription revenues Advertising revenues Studio revenues • Up 30% on organic basis to • Up 28% on organic basis to • Up 19% on organic basis to account for 33% of Group account for 31% of Group account for
Slide 7: Our sustainability priorities
Our sustainability priorities • Current 3 yr strategy & plan has focused on promoting Nordic storytelling and equality, diversity and inclusion • New 5 yr strategy & plan under development with ongoing broad-based stakeholder dialogue • Publication of second integrated annual financial & sustainabil
Slide 8: NENT Group targets
NENT Group targets Group organic sales growth ~18-20% CAGR 2020-25 ~10.5 million subs by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~4.5m International Nordic organic sales growth ~13-15% CAGR 2020-25 Nordic EBIT margin* ~15% in 2025 International EBIT Accretive to Group in 2025 Le
Slide 9: Business outlook for 2021
2021 Business outlook for 2021 Outlook in line with 5yr goal (NB excluding contribution from Viasat Organic Nordic sales growth Consumer business) Viaplay paying subscriber base + at least 400k in Nordics and approx. 500k international up compared to 2020 when excluding contribution from Viasat Nord
Slide 10: The next chapter
The next chapter Viaplay to launch in Poland on 3 August, US in Q4 & Netherlands in Q1 2022 Next markets to be revealed at CMD on 22 September together with update on 5 year plan International subscriber and EBIT impact targets raised to reflect content investments and B2B partnerships Raised ambiti
Slide 11: Q2 performance summary
Q2 performance summary Comments Sales split Q2 21 31% organic sales growth & 21% Viaplay subscriber growth Operating income before associated company 35% 33% income (ACI) and items affecting comparability (IAC) up 56% to SEK 244m (156) including SEK -50m impact of Viaplay International expansion Ope
Slide 12: Allente update
Allente update SEKm Q221 EBITDA before IAC 339 Depreciation & Amortisation -110 EBIT before IAC 230 Items affecting comparability -178 EBIT 52 Net income 19 NENT Group 50% share 9 Net debt position (end of period) 1,562 # of subscribers 1,089k Fixi in Playland
Slide 13: Cash flow and leverage
Cash flow and leverage SEKm Q221 Q220 FY20 FY19 SEKm Q221 Cash flow from operations 274 147 2,200 1,393 LTM EBITDA before IAC 1,409 Change in working capital 674 673 -674 -791 Net debt -1,697 Net operating cash flow 947 820 1,526 602 Net debt / LTM EBITDA before IAC -1.2x CapEx * -51 -34 -147 -176 F
Slide 14: Q&A
Q&A
Slide 15: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group (NENT Group) — Q2 2021 Earnings Presentation on 6ix