Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q2 2021 Earnings Presentation
13 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Jul 20, 2021
Slide 1: Q2 2021 financial results
ae Q2 2021 financial results July 20, 2021 Te OE a
Slide 2: Highlights of the quarter
Highlights of the quarter * Gaming vertical - solid quarter on the back of good monetization and inclusion of Ninja Kiwi ¢ Esports vertical - returned to positive revenue growth with robust performance for both O&O' and ESS? * MTG continued to deliver on its Buy & Build strategy in the gaming vertic
Slide 3: Gaming: Consolidation of Hutch and Ninja Kiwi driving double digit sales growth
Gaming: Consolidation of Hutch and Ninja Kiwi driving double digit sales growth Gaming net sales, reported (SEKm) Gaming adj. EBITDA, reported (SEKm) Comments 414%! 1 +8% 255 | 743 679 635 Q2’20 Q320 Q4’20 Q121 Q2’21 Q2’20 Q320 Q4’20 Q121 Q2’21 Revenues increased by 14% at constant currencies fueled
Slide 4: Building a scale player
Building a scale player Well diversified group with successful titles across midcore and casual gaming = cl $B Pe notiame + Idle casual games developer * Genre-defining tower defense * World-class IP licenses with + Focused on free-to-play specialized within games dev. on games developer on the back
Slide 5: Strong retention and Reg2Pay results for soft-launched titles
Strong retention and Reg2Pay results for soft-launched titles Rise of Cultures Lost Survivors Additional games in soft-launch Le Bloons Pop A) Ninja Kiwi <InnoGames. Puzzle Heist Hutch Sunrise Village InnoGames City Builder game inspired by Forge of Empires Resource Management game SpongeBob Idle Ad
Slide 6: Aquisition of PlaySimple
Aquisition of PlaySimple : y CB PLAYSIMPLE ~ * Leader in the word games genre with data-driven operating A model driving retention and monetization * High quality free-to-play mobile * Q2 and H1 revenue amounted to SEK 285m and 535m word games developer (guided 510-540m) equaling a growth of 100% an
Slide 7: Highly profitable well diversified gaming vertical
— Highly profitable well diversified gaming vertical MTG Gaming financial summary’ Reported Financials, SEKm 2020 Companies included ee Net sales 2,682 Adjusted EBITDA 800 Adj. EBITDA margin, % 30% Organic Net sales Growth, % -4% Pro forma 2020 InnoGames Kongregate Hutch Ninja Kiwi PlaySimple 4,421
Slide 8: Esports: Impacted by the ongoing pandemic and maintained strategic investments
Esports: Impacted by the ongoing pandemic and maintained strategic investments Esports net sales, reported (SEKm) Esports adj. EBITDA, reported (SEKm) Comments aN * Revenues increased 18% at constant 418%! {33 currencies on the back of successful 429 | 5 ESS? operations and easier comparisons 353 *
Slide 9: Esports — emerging stronger than ever
Esports — emerging stronger than ever Accelerated investments into three strategic areas New and renewed brand partnerships We plan for the return of a few live audience events at the end of 2021 O B2C and mobile esports products Digitalization of traditional sports into esports products Preparation
Slide 10: Group: Quarterly revenue and adjusted EBITDA
Group: Quarterly revenue and adjusted EBITDA ——— Group net sales, reported (SEKm) Group adj. EBITDA, reported (SEKm) Comments 415%! v 1,198 1,064 1,011 Q2’20 Q3’20 Q420 Qr21 Q2’21 HI Gaming Ml Esports Q2’20 Q320 Q4’20 Q1r21 Q2’21 Hl Gaming Ml Esports Ml Central ops. Revenue growth of 15% at constant
Slide 11: Group cash flow statement (SEKm)
Group cash flow statement (SEKm) Group: Cashflow statement Comments Q2 Q2 FY 2021 2020 2020 Cash flow from operations -3 164 242 Changes in working capital =) -43 28 Net cash flow to/from operations 12 121 270 Cash flow from/used in investing activities -624 -81 -2,471 Cash flow from/used in financi
Slide 12: Summary of Q2 and 2021 outlook
Summary of Q2 and 2021 outlook Net sales growth of 15% at constant currencies to SEK 1,198m with an adjusted EBITDA of SEK 155m Successful expansion of MTG’s gaming vertical bringing stronger Group capabilities and pro forma revenue growth of 13% to SEK 2,328m for H1 with an adj EBITDA margin of 31%
Slide 13: Q&A
Q&A July 20, 2021
Modern Times Group MTG — Q2 2021 Earnings Presentation on 6ix