Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group — Q1 2021 Earnings Presentation
13 slides from Viaplay Group Ab Class A's earnings presentation
Slide 1: Results presentation Q1 2021
Results presentation Q1 2021 nentgroup.com
Slide 2: Key highlights – strategy on track
Key highlights – strategy on track 1. 16% organic sales growth and 33% operating income growth * 2. 25% Viaplay subscriber growth to 3,147k with high awareness levels since launch in Baltics 3. SEK 4.35bn raised to fund international expansion of Viaplay to 10 new markets * EBIT before associated co
Slide 3: Viaplay performance
Viaplay performance Viaplay subscriber base* (thousands) Comments • 25% YoY subscriber growth with 127k subscribers added 3,147 3,020 QoQ and 637k YoY 2,716 2,813 2,510 2,272 • Total streamed minutes up 16% YoY 2,111 2,151 • 17% YoY organic sales growth to account for 34% of Group revenues • Success
Slide 4: Viaplay Originals
Viaplay Originals 8 +82% 4 titles increase in viewing of of top 10 scripted series 8premiered titles premiered Q120 Viaplay Originals were Viaplay Originals ~30 titles to be premiered in 2020 4 4
Slide 5: New & extended sports rights
New & extended sports rights English Cup Liga Iberdrola UEFA National football & English Team football Championship 2021-2024 2022-2028 2021-2024 2021-2024 Frauen Bundesliga Swiss ski rights to & Danish League FIS-package 2021-2024 2021-2024 2021-2026 2022-2025 South American Women's Super Women's S
Slide 6: Subscriptions, advertising and studios
Subscriptions, advertising and studios Other subscriptions Advertising Studios & other Other subscription revenues Advertising revenues Studio revenues • Up 21% on organic basis to • Up 6% on organic basis to • Up 66% on organic basis to account for 35% of Group account for 29% of Group account for
Slide 7: The next chapter
The next chapter Vision to become the European streaming champion Ambition to enter +15 markets in next +5 years Viaplay to launch in Poland in August and US in Q4 40 new Viaplay Originals to premier in 2021 Wide range of new sports rights extended or added 7
Slide 8: Q1 performance summary
Q1 performance summary Comments Sales split Q121 16% organic sales growth & 25% Viaplay subscriber growth 33% increase in EBIT before associated company & 34% 35% IAC when excl. SEK 96m contribution from Viasat Consumer business in Q1’20 Adjusted net income from continuing operations of SEK 231m (15
Slide 9: Allente update
Allente update SEKm Q121 EBITDA before IAC 338 Depreciation & Amortisation -109 EBIT before IAC 229 Items affecting comparability -107 EBIT 121 Net income 100 NENT Group 50% share 50 Net debt position (end of period) 1,541 # of subscribers 1,109k Pros and Cons 9
Slide 10: Cash flow and leverage
Cash flow and leverage SEKm Q121 Q120 FY20 FY19 SEKm Q121 Cash flow from operations 436 247 2,200 1,393 LTM EBITDA before IAC 1,359 Change in working capital -895 -794 -674 -791 Net debt -777 Net operating cash flow -459 -547 1,526 602 Net debt / LTM EBITDA before IAC -0.6x CapEx * -58 -37 -147 -176
Slide 11: Business outlook for 2021
Business outlook for 2021 Outlook in line with 5yr goal (NB excluding contribution from Viasat Organic Nordic sales growth Consumer business) Viaplay paying subscriber base + at least 400k in Nordics and + more than 250k international up compared to 2020 when excluding contribution from Viasat Nordi
Slide 12: NENT Group targets
NENT Group targets Group organic sales growth ~18-20% CAGR 2020-25 ~10.5 million subs by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~4.5m International Nordic organic sales growth ~13-15% CAGR 2020-25 Nordic EBIT margin* ~15% in 2025 International EBIT Accretive to Group in 2025 Le
Slide 13: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group — Q1 2021 Earnings Presentation on 6ix