Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q4 2022 Earnings Presentation
11 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Feb 9, 2023
Slide 1: Q4 2022 Conference Call
Mo February 9, 2023 Q4 2022 Maria Redin, CEO Lasse Pilgaard, CFO
Slide 2: We delivered within FY guidance on sales, with slightly higher FY margins
CONFERENCE CALL Q4 2022 Mo We delivered within FY guidance on sales, with slightly higher FY margins Continued low market visibility and challenging environment. Overall, IAP market expected to have declined by high single digits We expect to have outperformed the market both in Q4 and for the full
Slide 3: 5% pro forma growth in 2022 — YoY decline in Q4
CONFERENCE CALL Q4 2022 Mo 5% pro forma growth in 2022 — YoY decline in Q4 | Reported revenue, SEKm D Reported revenue, SEKm LTM Revenue bridge, SEKm With all acquisitions being consolidated, reported net Growth driven by PlaySimple, Ninja Kiwi and Hutch Organic growth of -4% revenues are up 9% year
Slide 4: Tower Defense, Racing and Word Games performing well
CONFERENCE CALL Q4 2022 Mo Tower Defense, Racing and Word Games performing well Revenue by franchise, SEKm +5% pro forma growth FY 2022 || Strategy & Simulation [J Racing Hl Word Games 1) Other smaller franchises I Tower Defense Including ‘V3 of the platform migration Payment Qa’at Qr22 Q2’22 Q3'22
Slide 5: Consciously scaling early launch games slower, working towards new launches in 2023
CONFERENCE CALL Q4 2022 Meo Consciously scaling early launch games slower and working towards new games launches in 2023 and beyond Future launch of Bloons TD6 on Netflix (Ninja Kiwi) * — Exciting new content for F1 Clash including even more features and rewards, and Top Drives including new car col
Slide 6: Word Games, Racing and Tower Defense growth offset by lower strategy and simulation performance
CONFERENCE CALL Q4 2022 Meo Word Games, Racing and Tower Defense growth offset by lower-than- expected performance from strategy and simulation — IAP — Third party publication platforms (Other) — MAU — DAU — IAA 100 7 94% 96% — 93% 40 35.2 90 35 4 388 33.3 as 80 75% ° 30 70 66% 63% 63% GI 60% ng 24.
Slide 7: Adj. EBITDA margin of 22% for the quarter and 25% for the full year
CONFERENCE CALL Q4 2022 Mo Adj. EBITDA margin of 22% for the quarter and 25% for the full year | Reported adj EBITDA, SEKm D Reported adj EBITDA, SEKm LTM EBITDA to adj EBITDA bridge, SEKm | Reported —= Adj. EBITDA - CAPEX margin 1) Reported — Margin f “21% +24% 1 378 1,452 357 ~ Li oo 1,373 $ 1,103
Slide 8: UA spend up sequentially in Q4 to 40% of revenue
CONFERENCE CALL Q4 2022 Mo UA spend up sequentially in Q4 to 40% of revenue {7 UA spend, SEKm 576 * Marketing as % of revenues up to 40% — UA spend as % of revenue 559 sequentially but still lower than anticipated * Challenging markets dampen seasonal uptick between Q3 and Q4 + Marketing in the mid-
Slide 9: Cash conversion at 47% for full year
CONFERENCE CALL Q4 2022 Mo Cash conversion at 47% for full year. Q4 at 27% and impacted by negative one- off NWC - Group cash flow statement, sin (§s§ |: TD Balance sheet, SEKb Q4 FY 2022 2022 Cash flow from operations! 332 1,464 Taxes paid -105 -408 Changes in working capital -86 -171 Capex -60 -23
Slide 10: We delivered on our 2022 outlook and expect to provide new outlook after Q1
We delivered on our 2022 outlook and expect to provide new outlook after Q1 MTG delivers within 2022 outlook + We delivered on sales outlook and outperformed slightly on margin * We took market share both in Q4 and for the full year * Too early to provide 2023 outlook: * Limited market visibility in
Slide 11: Q&A
Modern Times Group MTG — Q4 2022 Earnings Presentation on 6ix