Slide 1: A leading free-to-play powerhouse
A leading free-to-play powerhouse Interim report, Q1 2022 4 May 2022
Slide 2: A larger and more diversified Stillfront
STILLFRONT IN Q1 2021 A larger and more diversified Stillfront 69 million MAU Strong growth in monthly active users, up from 64 million MAU in Q4 North Am 46% Europe 28% Asia 21% 73 A larger and more diversified active portfolio, 9 new titles Africa 1% added in the quarter games South Am 2% 1,560 Oc
Slide 3: More titles in active portfolio
P ORTFOLIO HIGHLIGHTS More titles in active portfolio NEW GAMES IN THE ACTIVE PORTFOLIO • 9 new titles added to the active portfolio in Q1, of which 4 are organic game launches • 6waves’ titles significantly strengthens portfolio with 4 strategy titles and additional launches planned in 2022 • Engin
Slide 4: Net revenue growth of 27% driven by acquisitions and organic growth
Net Revenue, MSEK Adj. EBIT, % of Net Revenue FINANCIAL DEVELOPMENT UAC, % of Net Revenue Net revenue, Adj. EBIT & UAC Net revenue, Adj. EBIT & UAC (LTM) Net revenue bridge 1,800 1,678 80% 6,500 80% 5,814 1,600 1,442 70% 5,455 70% +6.7% 1,678 1,382 5,500 5,094 +27% 1,400 1,319 1,311 4,619 4,809 60%
Slide 5: Active portfolio: total
ACTIVE PORTFOLIO: TOTAL MAU (‘000) +74% YoY DAU (‘000) +76% YoY MPU (‘000) +29% YoY Bookings (‘000) +27% YoY ARPDAU (SEK) -28% YoY 12,809 12,319 12,571 13,132 1,410 1,440 1,499 1,597 66,903 68,657 1,370 62,308 63,828 1,368 1,159 1,261 1,309 1,226 7,458 39,410 1.9 1.1 1.2 1.4 1.1 Q1'21 Q2'21 Q3'21 Q4
Slide 6: Active portfolio: product areas
ACTIVE P ORTFOLIO: PRODUCT ARE A S Bookings (MSEK) ARPDAU (SEK) User acquisition cost (MSEK) 7.5 7.3 7.4 7.4 6.6 • Strategy bookings up by 59% quarter- 527 166 over-quarter, driven by strong organic 330 331 76 58 94 growth, high UA allocation and 351 301 69 addition of 6waves’ titles 385 106 395 3.0
Slide 7: Cash flow highlights
C A SH FLOW HIGHLIGHTS Q1, MSEK Q1 2022 Q1 2021 Cash flow from operations (before NWC) 510 387 32% Change in NWC 13 -138 -109% Cash flow from operations (CFFO) 523 249 110% Cash flow from investment activities -1,870 -1,475 27% Free cash flow of 1,113 MSEK LTM Cash flow from financing activities 1,9
Slide 8: Balance sheet highlights
BAL ANCE SHEET HIGHLIGHTS Strong financial position with …with a diversified financing leverage well below targets… platform 5,000 2.5 1,133 4,000 850 1,740 2.0 1,225 1,171 2,258 3,000 1.5 1.6x 1.6x 1.3x 2,000 1.2x 1.2x 1.0 3,587 3,649 3,119 3,092 2,654 1,000 0.5 1,492 1,500 1,000 600 0 0.0 Q1'21 LT
Slide 9: Summary and outlook: Well positioned for return to sustainable organic growth
SUMMARY AND OUTLO OK Well positioned for return to sustainable organic growth Sustainability Report Continued Stillops platform Mid-single digit for 2021 published investments in new creates growth organic growth introducing long-term games and marketing synergies across expected for FY2022 targets
Slide 10: STILLFRON
| 4 c | STILLFRON