Azerion Group N.v · EURONEXT:AZRN
Azerion — Q4 2021 Earnings Presentation
20 slides from Azerion's earnings presentation, Feb 28, 2022
Slide 1: Azerion Holding B.V. Interim Financial Results Presentation Q4 2021
Azerion Holding B.V. Interim Financial Results Presentation Q4 2021 28 February 2022 Next. Level. Digital. Entertainment. Media
Slide 2: Your Speakers Today
Your Speakers Today Atilla Aytekin Dado Alonso Ben Davey Co-CEO CFO CSO Azerion Holding B.V. Azerion Holding B.V. Azerion Group N.V. & Azerion Group N.V. & Azerion Group N.V. 1 Next. Level. Digital. Entertainment. Media
Slide 3: Disclaimer
Disclaimer The following disclaimer applies to this document, the oral or video presentation of the information in this document by Azerion Holding B.V. (“Azerion Holding”), Azerion Group N.V. (“Azerion Group”) or any person on behalf of Azerion Holding or Azerion Group and any question-and-answer s
Slide 4: Forward-Looking Statements
Forward-Looking Statements The Information may include statements, including Azerion Holding’s or Azerion Group's financial and operational objectives that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking term
Slide 5: Background: Azerion Holding B.V. and Azerion Group N.V.
Background: Azerion Holding B.V. and Azerion Group N.V. AZERION GROUP N.V. (Listed on Euronext Amsterdam - business combination completed 1 Feb 2022) AZERION HOLDING B.V. (reporting today, for periods before business combination completed) Azerion Holding B.V. is the main holding subsidiary of Azeri
Slide 6: Our Platform Model - Quick Reminder
Our Platform Model - Quick Reminder Customers Our platform operates at the heart of two converging mega trends, the rise of: Consumers Advertisers - digital gaming; and - digital advertising Serving the needs of our ecosystem customers and partners Generating strong network effects Technology Game D
Slide 7: Q4 2021 Highlights - Strong Growth Revenue, Adjusted EBITDA
Q4 2021 Highlights - Strong Growth Revenue, Adjusted EBITDA1 EUR 126.3m +120.4% ● All activities continued to Revenue vs Q4 2020 perform well throughout Q4 Q4 2021 EUR 19.1m +68.9% ● Two acquisitions completed Adj. EBITDA1 vs Q4 2020 during Q4 Q4 2021 1. As defined in section 1.1 of the Terms & Cond
Slide 8: FY 2021 Highlights - Strong Growth Revenue, Adjusted EBITDA
FY 2021 Highlights - Strong Growth Revenue, Adjusted EBITDA1 EUR 308.1m +57.9% ● Pro forma* Revenue FY 2021 estimated at EUR 384.5m Revenue vs FY 2020 FY 2021 ● Pro forma* Adj. EBITDA FY 2021 EUR 46.1m +73.9% estimated at EUR 54.3m Adj. EBITDA1 vs FY 2020 FY 2021 * assuming all acquisitions complete
Slide 9: Revenue Guidance for FY 2021 - Outperformed
Revenue Guidance for FY 2021 - Outperformed Original Guidance Updated Preliminary Unaudited in 2021 Jan. 2022 FY 2021 Reported EUR 290m+ EUR 300m+ EUR 308m Revenue Pro Forma* EUR 355m+ EUR 375m+ EUR 384m Revenue * assuming all acquisitions completed in 2021 were part of the group for the full year 2
Slide 10: Selected Strategic Highlights for 2021
Selected Strategic Highlights for 2021 ● Organic growth ● Strategic partnerships ● Community games - the metaverse ● NFTs ● Acquisitions 9 Next. Level. Digital. Entertainment. Media
Slide 11: M&A Track Record in 2021 – Acquisitions Completed
M&A Track Record in 2021 – 9 Acquisitions Completed Content Platform EUR 139m Total spend in 2021 YTD Real-time advertising Cloud-based digital logistics (of which ~45% cash platform provider platform for gaming industry upfront) Developer and publisher of online social games SSP monetization platfo
Slide 12: Financial Overview (Unaudited)
Financial Overview (Unaudited) Revenue Gross profit €m €m 384.5 308.1 195.1 121.2 126.3 69.9 49.6 57.3 18.8 Q4 2020 Q4 2021 FY20 FY21 PF LTM Q4 2020 Q4 2021 FY20 FY21 Gross Margin 32.7% 39.2% 35.8% 39.3% Reported EBITDA Adjusted EBITDA 1 €m €m 46.1 31.7 26.5 21.9 19.1 10.3 9.7 11.3 Q4 2020 Q4 2021 F
Slide 13: Financial Overview (Unaudited) - EBITDA Reconciliation
Financial Overview (Unaudited) Q4 2021 Reported EBITDA to Adjusted EBITDA1 Reconciliation €m 3.2 0.5 19.1 5.7 9.7 Reported EBITDA Capital Markets Acquisitions / Disposals Other Non-Recurring Adjusted EBITDA 1 Expenses Expenses Income or Expenses FY 2021 Reported EBITDA to Adjusted EBITDA1 Reconcilia
Slide 14: Platform Financial Overview (Unaudited)
Platform Financial Overview (Unaudited) Revenue Gross profit €m €m 235.3 150.7 102.0 81.2 48.5 35.8 44.9 14.5 Q4 2020* Q4 2021 FY20 FY21 Q4 2020* Q4 2021 FY20 FY21 Gross Margin 29.9% 35.1% 29.8% 34.5% Reported EBITDA Adjusted EBITDA1 €m €m 26.6 17.3 8.5 11.5 12.0 5.5 5.8 5.9 Q4 2020* Q4 2021 FY20 FY
Slide 15: Premium Games Financial Overview (Unaudited)
Premium Games Financial Overview (Unaudited) Revenue Gross profit €m €m 72.8 40.1 44.4 25.0 24.2 13.7 8.6 4.4 Q4 2020* Q4 2021 FY20 FY21 Q4 2020* Q4 2021 FY20 FY21 Gross Margin 51.2% 56.6% 56.3% 55.1% Reported EBITDA Adjusted EBITDA1 €m €m 19.5 14.4 14.5 13.3 5.6 7.5 4.8 3.9 Q4 2020* Q4 2021 FY20 FY
Slide 16: Q&A
Q&A 15 Next. Level. Digital. Entertainment. Media
Slide 17: Thank you for joining us
Thank you for joining us 16 Next. Level. Digital. Entertainment. Media
Slide 18: Definitions (1/3)
Definitions (1/3) ARPDAU means Average Revenue per Daily Active User - revenue per period divided by days in the period divided by average daily active users in that period Azerion Group means Azerion Group N.V. Azerion Holding means Azerion Holding B.V. and Holding Group means Azerion Holding and e
Slide 19: Definitions (2/3)
Definitions (2/3) Finance Charges means as defined in the terms and conditions of the Senior Secured Callable Fixed Rate Bonds ISIN: SE0015837794 for the Reference Period, the aggregate amount of the accrued interest, commission, fees, discounts, payment fees, premiums or charges and other finance p
Slide 20: Definitions (3/3)
Definitions (3/3) Net Finance Charges means as defined in the terms and conditions of the Senior Secured Callable Fixed Rate Bonds ISIN: SE0015837794 for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Per