Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Q3 2022 Earnings Presentation
9 slides from Stillfront Group Ab's earnings presentation, Oct 26, 2022
Slide 1: Interim report, Q3 2022
Stillfront Group Interim report, Q3 2022 26 October 2022 STILLFRONT GROUP
Slide 2: Stillfront in Q3 2022
STILLFRONT IN Q3 2022 Continued growth in the third quarter 36 percent Net revenue growth of 36 percent with above-market positive organic growth Successful live ops, strong performance from strategy games and positive FX effects Strong cash generation and further diversified financing platform Euro
Slide 3: Portfolio highlights
PORTFOLIO HIGHLIGHTS Growth driven by successful in-game events and campaigns PORTFOLIO HIGHLIGHTS + Strong performance in live ops and marketing enabling Stillfront to outgrow the underlying market + Exceptional performance from Bytro’s grand strategy engine continued in third quarter with five tit
Slide 4: Financial development: Net revenue, Adj. EBIT & UAC
@ Net Revenue, MSEK @ Adj. EBIT, % of Net Revenue UAC, % of Net Revenue Net revenue, Adj. EBIT & UAC 1,811 1,787 1,678 as'21 42 an22 @2'22 3'22 + Net revenue growth of 36% year-over-year driven by acquisitions, positive FX effects and organic growth * Higher margin quarter-over-quarter driven by low
Slide 5: Active portfolio: Total
@ MAU ('000) +6% YoY 42,308 63,828 087 65,965 65,767 321 @4'21- N22, @2'22._——@3'22 + DAU and MAU slightly up year-over-year driven by acquired titles and growth in Strategy + ARPDAU significantly up year-over-year driven by positive FX effects and strategy games having a larger weight in the portfo
Slide 6: Active portfolio: Product areas
Bookings (MSEK) on 605 599 331 301 sos M395 A 883 572 395 725 i 723 Q3'21 -Q4'21 Q1'22, Q2'22_ Q3'22 Monthly active users (000) 4,240 6,907 54,619) Q3'21Q4'21- N22. Q2'22_—- 3:22 ACTIVE PORTFOLIO: PRODUCT AREAS ARPDAU (SEK) 8.5 8.0 74 74 6.6 30 30 29 34 34 a 06 «(0.70 «(07 (0.8 08 Se Q3'21 -Q4'21.QN
Slide 7: Cash flow highlights
CASH FLOW HIGHLIGHTS Strong cash flow generation Q3, MSEK Q3 2022 Q3 2021 Cash flow from operations (before NWC) 549 389 MN% Change in net working capital -51 97 -152% Cash flow from operations (CFFO) 499 486 3% Cash flow from investment activities -579 -181 220% Cash flow from financing activities
Slide 8: Balance sheet highlights
BALANCE SHEET HIGHLIGHTS Strong financial position, leverage in line with target 1,350 1,470 1,133 Q3'21LTM Q4'21LTM @1'22 LTM 2'22 LTM @Q3'22 LIM @ Net debt, MSEK Cash and cash equivalents ©@ Leverage ratio proforma Further diversified financing platform and maturity profile 1,500 = [=] 2022 2023 2
Slide 9: Summary and outlook
SUMMARY AND OUTLOOK Continued organic growth acceleration expected for fourth quarter go RK fil Organic growth above Soft mobile games Stillfront’s positive market in Q3 market and low trend expected to visibility ahead continue into Q4 STILLFRONT