Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Merger or Acquisition (June 2019)
11 slides from Stillfront Group Ab's merger presentation, Jun 4, 2019
Slide 1: Acquisition of KIXEYE, Inc.
Acquisition of KIXEYE, Inc. June 4, 2019
Slide 2: Important information
Important information NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESENTATION WOULD BE UNLAWFUL. Thi
Slide 3: Stillfront and KIXEYE
Stillfront and KIXEYE The leading group of indie game developers and publishers • Significantly strengthen Stillfront´s market position and game portfolio • Combined entity set to enhance Stillfront´s scale, revenue and EBITDA • Combined pro forma net revenues of SEK 547 million with an adjusted EBI
Slide 4: KIXEYE at a glance
KIXEYE at a glance Pioneers in Free-to-Play Gaming • Founded in 2007, around 120 FTEs • Headquartered in Victoria, Canada • Nine year track record the forefront of Free-To-Play Gaming • 4 live blockbuster IP´s: Battle Pirates, War Commander, Vega Conflict and War Commander: Rogue Assault • USD 850 m
Slide 5: A brief history of KIXEYE
A brief history of KIXEYE S ucces s on I mpl ement at i on of I nt r oduct i on of I nv ent or s of F acebook l eads t o pr opr i et ar y L i v e ops Other MMORT S , a f us i on of i nv es t ment i n machi ne l ear ni ng or g ani s at i on events P C s t r at eg y g enr e t echnol og y and new bas e
Slide 6: Solid financial boost and potential growth drivers
Solid financial boost and potential growth drivers Q1 pro forma Several potential growth drivers Net r ev enues and EBI T DA mar g i n 1) SEKm • Product KPIs support growth opportunities 800,0 +31% 60,0% • Complementary geographical presence 700,0 50,4% • Strong cross platform expertise 50,0% 600,0
Slide 7: KIXEYE: Enhanced scale, revenue and profitability
KIXEYE Enhanced scale, revenue and profitability • The acquisition will significantly strengthen Stillfront´s market • KIXEYE has net revenues of SEK 128 million and EBITDA of SEK position and game portfolio 65 million which represents an increase of 31% on Stillfront´s • The combined group will be
Slide 8: Continuing the proven M&A track record
Continuing the proven M&A track record 2010 2012 2013 2014 2016 2017 2018 2019 • The process of • Stillfront Group • 51% of Bytro Labs • Acquisition of • Acquisition of Babil • Acquisition of • Acquisition of Playa • Acquisition of founding Stillfront established acquired and Dorado Games Games and
Slide 9: Stillfront – A truly global group of gaming studios
Stillfront – A truly global group of gaming studios Solid platform of gaming studios worldwide GLOBAL PRESENCE Bucharest Stockholm, Hamburg Ho Chi Minh • 30 FTEs Linköping & Umeå • 325 FTEs City Victoria • eRepublik Labs • 25 FTEs • Goodgame Studios • 20 FTEs • 50 FTEs • Flagship title War • Headqua
Slide 10: KIXEYE: Transaction terms
KIXEYE Transaction terms • The transaction involves the acquisition of 100% of the shares in KIXEYE for an upfront consideration payable in cash to the sellers of USD 90 million on a cash and debt free basis • The upfront consideration will be subject to a two-way net working capital, net debt and n
Slide 11: STILLFRONT
STILLFRONT