Slide 1: Investor Relations Presentation 3Q/9M 2024
3Q 2024 – Investor Presentation 1 Investor Relations Presentation 3Q/9M 2024
Slide 2: Disclaimer
3Q 2024 – Investor Presentation 2 Disclaimer Important Information Upon receipt of this Investors’ Presentation, or any verbal presentation relating thereto (collectively, the “Information”), you irrevocably agree to be bound by the following terms and conditions: The Information is confidential and
Slide 3: Contents
3Q 2024 – Investor Presentation 3 Contents MBC Group is forging a global media group that 1 MBC Group Overview enriches people’s lives through information, interaction and 2 Business Segments entertainment. The Group commits to being 3 Performance Highlights the leading multi-platform provider of in
Slide 4: MBC Group Overview
3Q 2024 – Investor Presentation 4 MBC Group Overview
Slide 5: Our Group at a Glance
3Q 2024 – Investor Presentation 5 Our Group at a Glance MBC is the leading provider of entertainment to the Arabic speaking world and a leading producer of premium Arabic content A Track Record of Since inception, the Group has established itself as the leading media company for free-to-air (“FTA”)
Slide 6: MBC's Evolution
3Q 2024 – Investor Presentation 6 MBC’s Evolution With a history of over 30 years, MBC has built a strong and trusted relationship with its pan-Arab audience, transitioning together as the sector evolved Broadcast OTT Innovation & Diversification Expansion of the AVOD offering on MBC Media Solutions
Slide 7: Our Group Segments
3Q 2024 – Investor Presentation 7 Our Group Segments MBC has continued to grow its presence and reach in the MENA region through three primary verticals Broadcasting & Other Media & Entertainment Shahid - OTT Commercial Activities Initiatives The commercial activities of MBC Group A dual revenue app
Slide 8: Business Segments
3Q 2024 – Investor Presentation 8 Business Segments
Slide 9: Broadcasting & Other Commercial Activities: Overview
3Q 2024 – Investor Presentation 9 Broadcasting & Other Commercial Activities: Overview Pan-Arab broadcasting leader for over 30 years reaching over 150M viewers every week Broadcasting & Other Commercial Activities: Our Foundation Financial Highlights (SAR million) Our commercial activities serve as
Slide 10: Broadcasting & Other Commercial Activities: Growth
3Q 2024 – Investor Presentation 10 Broadcasting & Other Commercial Activities: Growth MBC stands to benefit from strong MENA market growth across advertising, music, gaming and events Market Opportunity Advertising (MMS) Market Share • The radio advertising market in the region is • Provides the bes
Slide 11: Shahid OTT: Overview
3Q 2024 – Investor Presentation 11 Shahid OTT: Overview Shahid is the leading OTT platform in MENA OTT – Shahid : Our Growth Engine Financial Highlights (SAR million) MBC’s OTT platform and growth engine, Shahid, is a key pillar of our 9M 2024 9M 2024 3Q 2024 3Q 2024 strategy. Shahid encompasses bot
Slide 12: Shahid OTT: Growth
3Q 2024 – Investor Presentation 12 Shahid OTT: Growth Shahid is well positioned to capture the significant growth expected in the regional OTT market Market Opportunity Shahid Growth Drivers Market Share • OTT subscribers set to more than double • Market growth with additional tailwinds • #1 Premium
Slide 13: Media & Entertainment Initiatives: Overview
3Q 2024 – Investor Presentation 13 Media & Entertainment Initiatives: Overview MBC is developing the broader media ecosystem in the region and in KSA in line with Vision 2030 Media & Entertainment Initiatives: Our Partnerships Financial Highlights (SAR million) We prioritize our partnership with the
Slide 14: Media & Entertainment Initiatives: Benefits & Growth
3Q 2024 – Investor Presentation 14 Media & Entertainment Initiatives: Benefits & Growth Best positioned to capture further growth from investments in high-growth entertainment verticals Vision 2030 Indirect Business Market Opportunity Initiatives Benefits Opportunity • Support national champions • L
Slide 15: Content: At the Core of our Business Segments
3Q 2024 – Investor Presentation 15 Content: At the Core of our Business Segments The key customer value proposition is to consistently deliver new, engaging, and compelling content. Arabic Commissioned 85% Content 30% Content The Group offers a diverse array of content categories on its TV channels
Slide 16: Performance Highlights 9M 2024
3Q 2024 – Investor Presentation 16 Performance Highlights 9M 2024
Slide 17: 9M 2024 Financial Highlights
3Q 2024 – Investor Presentation 17 9M 2024 Group Revenue Gross Profit Net Profit Financial SAR 2,956.7 M SAR 891.4 M SAR 250.5 M Highlights +11.6% YoY +43.1% YoY +378.0% YoY 30.1% GP margin 8.5% NI margin Following a strong close to FY 2023, MBC continued to deliver robust growth Broadcasting & Othe
Slide 18: 9M 2024: Key Performance Highlights
3Q 2024 – Investor Presentation 18 9M 2024: Key Performance Highlights Group total revenues up 11.6% to SAR 2,956.7 M in 9M 2024, driven by a healthy recovery in TV Revenue and sustained Shahid subscriber growth, coupled with increased revenues from Broadcasting and technical services. SVOD / AVOD I
Slide 19: Financial Summary 3Q & 9M 2024
3Q 2024 – Investor Presentation 19 Financial Summary 3Q & 9M 2024
Slide 20: Group Financial Performance
3Q 2024 – Investor Presentation 20 Group Financial Performance MBC has experienced strong revenue growth across its core business segments, with positive bottom-line performance REVENUE BREAKDOWN GROSS PROFIT Net Profit (SAR Millions) (SAR Millions / GPM %) (SAR Millions / NPM %) 26.9% 25.4% 23.5% 3
Slide 21: Broadcasting & Other Commercial Activities Performance
3Q 2024 – Investor Presentation 21 Broadcasting & Other Commercial Activities Performance MBC’s Broadcasting & Other Commercial Activities experienced consistent topline growth with a stable cost structure REVENUE BREAKDOWN GROSS PROFIT Net Profit (SAR Millions) (SAR Millions / GPM %) (SAR Millions
Slide 22: Shahid (OTT) Performance
3Q 2024 – Investor Presentation 22 Shahid (OTT) Performance Shahid has experienced exceptional revenue growth across all its operations with a stable cost structure REVENUE BREAKDOWN GROSS PROFIT Net Loss (SAR Millions) (SAR Millions / GPM %) (SAR Millions / NPM %) 805.7 3Q2023 3Q2024 9M2023 9M2024
Slide 23: Media & Entertainment Initiatives Performance
3Q 2024 – Investor Presentation 23 Media & Entertainment Initiatives Performance Media & Entertainment Initiatives continue to be a strong value-add for MBC and the media ecosystem in KSA, with strong partnerships fostering growth and development REVENUE BREAKDOWN GROSS PROFIT Net Profit (SAR Millio
Slide 24: Guidance
3Q 2024 – Investor Presentation 24 Guidance Broadcasting & Other Media & Entertainment Shahid - OTT Commercial Activities Initiatives FY 2024E FY 2024E Revenue (% Growth) Revenue (% Growth) Mid-single digit growth 25%-35% FY 2024E Revenue Net Profit Margin SAR 750-940 MN Net Profit Margin 16%-18% (2
Slide 25: Leadership
3Q 2024 – Investor Presentation 25 Leadership
Slide 26: Executive Management Team & IR
3Q 2024 – Investor Presentation 26 Executive Sam Barnett Chief Executive Officer Management +20 years at MBC +30 years of total experience Team & IR A team with decades of media sector experience and a deep understanding of local and regional market Hussam Alnouri Joseph Igoe Omar El - Barrage Steph
Slide 27: Board of Directors
3Q 2024 – Investor Presentation 2Q 27 Board of Directors MBC’s Board of Directors is dedicated to upholding the principles of corporate Waleed Ibrahim Al Ibrahim H.E. Hindi Al Sohimi H.E. Khaled Abdullah Almolhem Abdullah Al Dawood Abdulrahman Ibrahim Al Rowaita Vice Chairman governance, driving Cha
Slide 28: Outlook
3Q 2024 – Investor Presentation 28 Outlook
Slide 29: Growth Opportunities
3Q 2024 – Investor Presentation 29 Growth Opportunities Significant opportunities for growth acceleration Geographic New Content Advertising SVOD Expansion Verticals Build broad multi-platform Refocus on the AVOD model Focused retention strategy to Leverage leadership position Diversify revenue stre
Slide 30: Market Overview
3Q 2024 – Investor Presentation 30 Market Overview Thriving in the Global Epicenter of Entertainment Macro Drivers Market Drivers Young and Growing Large and diverse Support Increasing Digitally-savvy 1 growing population 2 regional affluence 3 connectivity 4 consumer base 5 content libraries 6 from
Slide 31: Market Overview (contd.)
3Q 2024 – Investor Presentation 31 Market Overview (contd.) Large Arabic speaking population beyond the MENA region constitutes an extended addressable market 40M+ France 6M USA Turkey Arab speaking 2.6M diaspora outside MENA Selected 3.5M countries with the largest Arab diaspora Indonesia Brazil 30
Slide 32: Appendix
3Q 2024 – Investor Presentation 32 Appendix
Slide 33: Investment Highlights
3Q 2024 – Investor Presentation 33 Investment Highly attractive macro fundamentals supporting long- 1 term, sustainable growth across Media and Entertainment Highlights verticals Leading broadcasting company in the MENA region with Leveraging our unique 2 unparalleled reach value proposition to capi
Slide 34: Income Statement
3Q 2024 – Investor Presentation 34 Income Statement (SAR Millions) Description 3Q 2024 3Q 2023 Change YoY Commentary Total Revenue 757.1 649.3 16.6% Broadcasting & Other Commercial Activities 430.4 353.8 21.6% Broadcasting growth in line with broader market’s trends • Revenue growth primarily driven
Slide 35: Balance Sheet
3Q 2024 – Investor Presentation 35 Balance Sheet (SAR Millions) Description 30 September 2024 31 December 2023 % Change Commentary Assets ASSETS Non-current assets Property and equipment 184.2 116 58.8% Non-current Assets: Intangible Assets 75.3 67 12.3% • The increase was mainly due to additions in
Slide 36: Cash Flow Summary
3Q 2024 – Investor Presentation 36 Cash Flow Summary (SAR Millions) Description 9M 2024 9M 2023 Change YoY Commentary Operating Activities WORKING CAPITAL CHANGES Working capital changes include YoY variance in the Profit (Loss) before tax 254.4 60.3 322.0% Group’s current assets and liabilities. Ne
Slide 37: Financial Summary Historical & 9M 2024
3Q 2024 – Investor Presentation 37 Financial Summary Historical & 9M 2024
Slide 38: Group Financial Performance
3Q 2024 – Investor Presentation 38 Group Financial Performance MBC has experienced strong revenue growth across its core business segments, with positive bottom-line performance REVENUE BREAKDOWN GROUP GROSS PROFIT GROUP Net Profit (SAR Millions) (SAR Millions) (SAR Millions) 921 3,704 891.4 3,489 2
Slide 39: Broadcasting & Other Commercial Activities Performance
3Q 2024 – Investor Presentation 39 Broadcasting & Other Commercial Activities Performance MBC’s Broadcasting & Other Commercial Activities experienced consistent topline growth with a stable cost structure REVENUE BREAKDOWN GROSS PROFIT Net Profit (SAR Millions) (SAR Millions) (SAR Millions) 803 437
Slide 40: Shahid (OTT) Performance
3Q 2024 – Investor Presentation 40 Shahid (OTT) Performance Shahid has experienced exceptional revenue growth across all its operations with a stable cost structure REVENUE BREAKDOWN Net Loss (SAR Millions) (SAR Millions) 836 805.7 2022A 2023A 9M2023 9M2024 0 1.2 112 23.4 (61.2) 141.8 (50) 103 592.9
Slide 41: Media & Entertainment Initiatives Performance
3Q 2024 – Investor Presentation 41 Media & Entertainment Initiatives Performance Media & Entertainment Initiatives continue to be a strong value-add for MBC and the media ecosystem in KSA, with strong partnerships fostering growth and development REVENUE Net Profit (SAR Millions) (SAR Millions) 996
Slide 42: Thank You
3Q 2024 – Investor Presentation 42 Thank You