Slide 1: Investor presentation
Investor presentation Thomas Kœgler, CEO Andrea Gasparini, CFO
Slide 2: Disclaimer
This presentation, which should be understood to include these slides, their contents or any part of them, any oral presentation, and any question or answer session (the "Presentation") has been prepared by Asmodee Group AB (the "Company") in relation to the presentation of its interim report for th
Slide 3: Substantial growth in a seasonally small quarter
Substantial growth in a seasonally small quarter PUBLISHED GAMES STRONG **JUST 2 SECTIONS, DRIVEN BY SW:U PERFORMANCE IN NO NEED FOR A MOMENTUM, GAMES PUBLISHED THIRD** EVERGREEN SALES BY PARTNERS & NOTABLE RELEASES CATAN 6 Published games driven by long-sellers and new releases TOY BATTLE DOBBLE/SP
Slide 4: Strong performance of Trading
Strong performance of Trading Substantial growth in a seasonally small quarter Card Games published by partners PUBLISHED GAMES STRONG **JUST 2 SECTIONS, DRIVEN BY SW:U PERFORMANCE IN NO NEED FOR A MOMENTUM, GAMES PUBLISHED THIRD** EVERGREEN SALES BY PARTNERS & NOTABLE RELEASES CATAN 6 TOY BATTLE DO
Slide 5: A first quarter laying long-term foundations
A first quarter laying long-term foundations 5
Slide 6: Q1: Strong sales and EBITDA growth
Q1: Strong sales and EBITDA growth €349.0m (LY : €264.4m) Net sales Growth: 32.0% • Solid start to the fiscal year, with strong growth in sales and EBITDA Organic growth: 34.4% • Performance in Games published by partners driven by enhanced growth momentum for distributed product lines €39.9m • Acti
Slide 7: Financial performance
Slide 8: Strong sales growth driven by Games published by partners
Strong sales growth driven by Games published by partners Q1 Net Sales +32.0% Amounts in m.EUR • Activity in Games published by asmodee o/w organic : +34.4% impacted by FX, consumer sentiment in the 10 US and high inventory levels at online retailers 11 Growth • Strong performance in Games published
Slide 9: Higher volumes drive adj. EBITDA and margins
Higher volumes drive adj. EBITDA and margins Q1 Adjusted EBITDA Amounts in (3.4) p.p. +2.8 p.p. +0.8 p.p. m.EUR 11.2% 11.4% Adj. EBITDA margin % • Increase in adj. EBITDA driven by higher volumes, partly offset by higher shipping costs, increased marketing costs, higher royalty costs, other operatin
Slide 10: Higher adjusted EBITDA drives free cash flow
Higher adjusted EBITDA drives free cash flow Free cash flow Amounts in k.EUR Apr-Jun 25 Apr-Jun 24 • Q1 free cash flow1) of EUR 24.7m (14.9), Adjusted EBITDA 39.9 29.6 corresponding to a free cash conversion of Other non-cash items 0.0 0.0 62.0% (50.2%) Purchase of intangible assets -5.8 -4.6 Purcha
Slide 11: Lower net debt and leverage
Lower net debt and leverage Amounts in m.EUR • Net debt/EBITDA before and after M&A commitments of 1.7x (4.1) and 2.1x (4.6) respectively • EUR 400m capital injection from Embracer Group and free cash flow generation • Cash and cash equivalents of EUR 286.6m (98.6) • Access to unutilized RCF of EUR
Slide 12: Conclusion
Slide 13: Conclusions
Conclusions • Strong Q1 performance: • Solid TCG Performance in a soft board game quarter • Increase in adjusted EBITDA and free cash flow • Net debt/EBITDA at 2.1x - close to medium-term target • M&A agenda re-ignited; ready to seize additional value-accretive opportunities • Looking forward: • Str
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Slide 16: Net sales by product category
Net sales by product category Q1 performance Amounts in m.EUR +32% o/w organic : +34.4% Growth Other categories Trading card games Board games 16 16
Slide 17: Bridge IFRS to Adjusted - QTD
Bridge IFRS to Adjusted - QTD Amounts in m.EUR 17 17
Slide 18: Net debt
Net debt Amounts in m.EUR 2.3x 2.1x x Leverage ratio 18 18