Slide 1: Q3 24/25
Q3 24/25 February 12, 2025 Thomas Kœgler, CEO Andrea Gasparini, CFO 1
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: An eventful quarter
An eventful quarter OCTOBER NOVEMBER DECEMBER 940 EUR million 4,000 sqm and 65,000 demo sessions Asmodee’s first Capital Markets Day Successful issuance of senior secured at Essen SPIEL 2024 in Stockholm on November 19 notes, RCF and listing readiness 3
Slide 4: Strong releases during the quarter
Strong releases during the quarter The Lord of the Rings : Duel for Middle- LEGO® Monkey Palace Star Wars : Unlimited Set 3 - Twilight of earth the Republic Release date: October 3 Release date: October 3 Release date: November 8 4
Slide 5: Q3: A strong seasonal quarter, combining long sellers and successful releases
Q3: A strong seasonal quarter, combining long sellers performance and successful releases €429.0m > Strong sales growth, primarily driven by Games Published by Asmodee (LY : €385.4m) > Profit increase driven by favorable product mix, partly offset by higher Net sales operational expenses Growth: 11.
Slide 6: Financial performance
Financial performance 6
Slide 7: Dynamic Q3 Net Sales bringing YTD to low-single-digit
Dynamic Q3 Net Sales bringing YTD to low-single-digit Q3 Net Sales YTD Net Sales +11.3% +1.7% Amounts in Amounts in m.EUR m.EUR o/w organic : +12.9% o/w organic : +3.3% 15 55 38 23 Growth Growth > Strong sales growth, primarily driven by new releases based on third-party IPs within Others Games publ
Slide 8: Positive mix, partly offset by other opex
Positive mix, partly offset by other opex Q3 Adjusted EBITDA YTD Adjusted EBITDA +2.1 p.p. +0.5 p.p. (2.5) p.p. +2.9 p.p. +0.3 p.p. (1.7) p.p. Amounts in Amounts in m.EUR m.EUR 20.7% 20.8% 16.8% 18.2% Adj. EBITDA margin % > Adjusted EBITDA positively impacted by a more favorable product mix and high
Slide 9: Strong cash flow and cash conversion
Strong cash flow and cash conversion Free cash flow > Q3 free cash flow1) of EUR 72m, corresponding to a free cash conversion of 81% Amounts in m. EUR Apr-Dec 24 Apr-Dec 23 Apr 23-Mar 24 > YTD free cash flow1) of EUR 102.1m (116.6), Adjusted EBITDA 187.4 169.4 211.7 corresponding to a free cash conv
Slide 10: New long-term financing structure in place strengthening our balance sheet
New long-term financing structure in place strengthening our balance sheet Amounts in m.EUR > Net debt before M&A commitments driven by the 999.7 956.8 issuance of EUR 940 million of senior secured notes in Q3, replacing the bridge facility established in Q1 > Access to unutilized RCF of EUR 150 mil
Slide 11: Conclusions
onclusions asmodee =~
Slide 12: Conclusions
Conclusions > Double-digit sales and profit growth > Continued strong cash flow generation and cash conversion > Long-term financing structure in place strengthening our balance sheet > First successful media development by partners on Asmodee IPs > What to look forward to: > Strong product catalog
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Slide 14: Q&A
Q&A 14
Slide 15: Appendix
Appendix asmodee = —
Slide 16: Net sales by product category
Net sales by product category Q3 performance YTD performance +11.3% +1.7% Amounts in Amounts in m.EUR m.EUR o/w organic : +12.9% o/w organic : +3.3% Growth Growth Other categories Trading card games Board games 16
Slide 17: Bridge IFRS to Adjusted - QTD
Bridge IFRS to Adjusted - QTD Amounts in m.EUR 17
Slide 18: Bridge IFRS to Adjusted - YTD
Bridge IFRS to Adjusted - YTD Amounts in m.EUR 18
Slide 19: Net debt
Net debt Amounts in m.EUR 0.8x 4.2x x Leverage ratio Q4’23/24 : Shareholder loan was capitalized on Mar’24 while bridge facility was signed on Apr’24 19