Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Q1 2023 Earnings Presentation
14 slides from Viaplay Group Ab Class A's earnings presentation, Jun 2, 2023
Slide 1: Results Presentation Q1 2023
Results Presentation Q1 2023 Viaplay Original Series: Leva Life
Slide 2: Q1 Key highlights
Q1 Key highlights Connie Nielsen, Hollywood star and the lead actress in Viaplay original Danish series ‘The Dreamer’, ringing the Nasdaq closing bell in NY 2 Q1 2023 RESULTS PRESENTATION
Slide 3: Q1 Group performance
Q1 Group performance Nordics International • 30% Group organic sales growth • 68% Viaplay organic sales growth (Viaplay accounted 15% for 52% of Group sales and 37% of Nordic sales) of which, Viaplay • 60% Viaplay subscriber growth with 325k subscribers 37% of which, added in Q1 23 alone Advertising
Slide 4: Q1 Performance by Operating Segment: Nordics
Q1 Performance by Operating Segment: Nordics • 17% YoY organic sales growth with Viaplay being the * primary growth driver • Operating profit margin of 4.2% driven by subscriber growth, higher prices and lower than anticipated advertising sales decline. On track to reach FY EBIT target of SEK 1.2 –
Slide 5: Nordics revenue streams: subscription and advertising
• Up 11% YoY on organic basis to account for 34% of revenues in Nordics • Growth in wholesale subscription revenues reflected price increases for linear channels, while sublicensing and studio sales also growing • Down 2% YoY on organic basis to account for 23% of revenues in Nordics • Audience shar
Slide 6: Q1 Performance by Operating Segment: International
Q1 Performance by Operating Segment: International • Sales up sevenfold YoY – driven by Netherlands & Poland * • Increased operating loss to SEK -454m (-305) • New select deals in Canada, Austria & Germany • Represented 15% of Group Sales – up from 3% Q1 22 • 140% YoY subscriber growth to 2,905k sub
Slide 7: Viaplay Original Productions
Viaplay Original Productions 7 Q1 2023 RESULTS PRESENTATION
Slide 8: Sustainable production & storytelling; Recognition & compliance
Sustainable production & storytelling • Sustainable production programme launched including guide, trainings and third- party sustainability audits to safeguard climate conscious and responsible productions • Emission reduction targets for greenhouse gases validated by Science Based Targets Initiati
Slide 9: Allente update
Allente update EBITDA before IAC 182 Depreciation and amortisation -131 EBIT before IAC 51 Items affecting comparability -1 EBIT 50 Net income 22 Viaplay Group 50% share 11 Net debt position (end of period) 1,790 # of subscribers 1,023k Comments • Q1 impacted by cost inflation, late Q1 price increas
Slide 10: Cash flow & Financial position
Cash flow & Financial position Cash flow from operations -329 492 304 Total borrowings 4,200 Change in working capital -649 -1,418 -3,305 Cash & cash equivalents 2,007 Net operating cash flow -978 -926 -3,001 Net debt (including net lease liabilities) 2,516 Capital expenditure -58 -45 -186 Net lease
Slide 11: Long-term targets
Long-term targets Group sales growth1) ~16-19% CAGR 2020-2025 Nordics sales growth1) ~10-12% CAGR 2020-2025 Viaplay subscribers ~12 million by end of 2025 ~13% margin for 2025 with positive result for Group EBIT (excluding ACI & IAC) International operations already in 2024, ~20% long- term margin f
Slide 12: Short-term outlook
Short-term outlook 2023 Group organic sales growth ~24-26% (excluding FX & Premier Sports) 2023 Nordics organic sales growth ~12-15% Viaplay subscribers at end of 2023 ~9.0 million, of which ~5.0m Nordic and ~4.0m International 2023 Nordics EBIT (excluding ACI & ~SEK 1.2-1.35 bn IAC) 2023 Internatio
Slide 13: Next chapter
Next chapter 13 Q1 2023 RESULTS PRESENTATION
Slide 14: investors@viaplaygroup.com
investors@viaplaygroup.com This interim report contains statements concerning, among other things, Viaplay Group's financial condition and results of operations that are forward-looking in nature. Such statements are not historical facts but, rather, represent Viaplay Group's future expectations. Vi