Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Merger or Acquisition (February 2021)
12 slides from Stillfront Group Ab's merger presentation, Feb 1, 2021
Slide 1: Acquisition of Moonfrog
Acquisition of Moonfrog 1 February 2021
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION This presentation has been produced by Stillfront Group AB (publ) with reg. no 556721-3078. In this presentation, "Stillfront", the "Company" or "Group" refers to Stillfront Group AB (publ), or the group in which Stillfront is the parent, or a subsidiary w
Slide 3: Moonfrog – A Leading Card and Board Game Business from India
MOONFROG – A LEADING CARD AND BOARD GAME BUSINESS FROM INDIA M O O N F R O G AT A G L A N C E TRACK RECORD • India-based market-leading social card and board game business founded in 2013 by a group of experienced gaming professionals • Approx. 160 FTEs based in India and Bangladesh • One of India’s
Slide 4: Strong Market Position in Rapidly Growing Geography
STRONG MARKET POSITION IN RAPIDLY GROWING GEOGRAPHY THE INDIAN SUBCONTINENT IS ONE OF THE PROJECTED REVENUE MOBILE GAMING FA S T E S T G R O W I N G M O B I L E G A M E S INDIAN SUBCONTINENT 2020-2024 (USD) MARKETS → The market for mobile gaming in the Indian subcontinent 17.8% CAGR is expected to g
Slide 5: Moonfrog's Successful Journey
MOONFROG’S SUCCESSFUL JOURNEY Oct-13: Moonfrog founded TPG Between Jan and Dec-16: July-18: Acquired Jalebi (since 2020: May-14: Teen Patti Gold released • 3x MAU to 6.5m scaled to c.4m MAU) Continued growth • 3.5x paying players across titles 2013/14 2015 2016 2017 2018 2019 2020 Apr-15: $15m Serie
Slide 6: Two Top-Tier Games
TWO TOP-TIER GAMES A worldwide title Popular social card game → A worldwide title with large userbases on both Facebook → Moonfrog’s take on the local Teen Patti card game (Three (where it is the #1 board instant game) and mobile, Cards Gold) with innovative features and game modes generating revenu
Slide 7: Transaction Rationale
TRANSACTION RATIONALE S T R AT E G I C M O V E I N TO FA S T- G R O W I N G S U B S TA N T I A L S C A L I N G A N D C O L L A B O R AT I O N MOBILE GAMES MARKET POTENTIAL WITHIN STILLFRONT → Adds more than USD 21m in revenue for the first nine → Potential to localize and scale Moonfrog’s games mont
Slide 8: Financial highlights
Financial highlights Gaour
Slide 9: Combined Group, Pro Forma
COMBINED GROUP, PRO FORMA P R E L I M I N A RY P R O F O R M A I N C O M E S TAT E M E N T Y T D Q 3 2 0 2 0 C O M M E N TA RY • Net revenue increases by 199 MSEK Stillfront, corresponding to a 7% increase relative to IFRS Stillfront Super Free & Stillfront Unaudited (As reported) Super Free Sandbox
Slide 10: Transaction Structure
TRANSACTION STRUCTURE TRANSACTION STRUCTURE F I N A N C I N G C O N S I D E R AT I O N S • Stillfront acquires Moonfrog in four tranches, of which the first • Consideration for the First Tranche is equivalent of approx. 6x tranche of 91% of the shares in Moonfrog for a consideration of Moonfrog’s pr
Slide 11: Reiterating Our Financial Targets for 2021-2023
REITERATING OUR FINANCIAL TARGETS FOR 2021-2023 GROWTH PROFITABILITY LEVERAGE NET REVENUE ADJ. EBIT MARGIN NET DEBT / ADJ. EBITDA RATIO 10,000 ~35% <1.5x MSEK by 2023 Growth is to be achieved organically The Adjusted EBIT margin may vary Stillfront may under certain as well as through acquisitions q
Slide 12: Stillfront Group
STILLFRONT GROUP
Stillfront Group — Merger or Acquisition (February 2021) on 6ix