Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q4 2023 Earnings Presentation
12 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Feb 8, 2024
Slide 1: Q4 2023 Conference Call
Mo February 8, 2024 Q4 2023 Maria Redin, CEO Nils Mésko, CFO
Slide 2: We deliver on outlook with all-time high adjusted FY EBITDA and 7% comparable growth in Q4
CONFERENCE CALL @4 2023 We deliver on outlook with all-time high adjusted FY EBITDA and 7% comparable growth in Q4 Record Net Sales 1,571SEKm 7 % YoY growth in Q4 incl. Snowprint on a comparable basis 3% YoY organic growth 13% reported YoY growth Delivered on outlook with -2% full year organic growt
Slide 3: Kongregate merges into Monumental
CONFERENCE CALL 4 2023 Mo Kongregate merges into Monumental Monumental is the right home for Kongregate MTG will become owner in the merged company MTG will take a 30% stake in the combined entity of Monumental Strong vision of the future of gaming 1 and Kongregate eee experience in traditional mobi
Slide 4: Record FY sales with 3% organic and 7% comparable growth in Q4
CONFERENCE CALL 4 2023 Mo Record FY sales with 3% organic and 7% comparable growth in Q4 Reported revenue’, SEKm Reported revenue!, SEKm LTM — © YoY Sales growth » YoY Organic growth 5, CAGR? 5,537 5,485 5564 5,646) 5,421 2,824 2,891 2,647 647 2,697 2,682 2,426 2,437 2,531 2,552 2,323, 743 648 629 6
Slide 5: Word Games and Snowprint drive our growth in Q4
CONFERENCE CALL 4 2023 Meo Word Games and Snowprint drive our growth in Q4 Revenue by franchise, SEKm 1) Other smaller franchises | Strategy & Simulation I Racing I Word Games Sequential growth YoY growthat ‘at constant constant Il Tower Defense currencies currencies 1,388 Do ® x Q422 Qra3 Q2’23 Q32
Slide 6: Forge of Empires and Snowprint acquisition drive ARPDAU growth
CONFERENCE CALL Q4 2023 Forge of Empires and Snowprint acquisition drive ARPDAU growth Revenue streams User development — IAP — IAA % 70 7 66% 65 60 55 50 45 40 63% Third party publication platforms (Other) 63% 61% 60% 61% 59% 58% 58% 35% 35% 36% — DAU — ARPDAU millions 7.0 6.5 6.0 5.5 5.0 45 4.0 6.
Slide 7: Higher total UA spend following the addition of Snowprint and scaling of Tacticus
CONFERENCE CALL @4 2023 Mo Higher total UA spend following the addition of Snowprint and scaling of Tacticus UA spend development Comments — — 1) UAspend, SEKm = UA spend as % of revenue + UAspend up due to scaling of Tacticus 600 + Lower UA spend YoY in PlaySimple as marketing was evened out over t
Slide 8: Delivered on 2023 outlook with Q4 adj. EBITDA of SEK 9m and 28% margin
CONFERENCE CALL @4 2023 Mo Delivered on 2023 outlook with Q4 adj. EBITDA of SEK 439m and 28% margin Reported adj. EBITDA’, SEKm Reported adj. EBITDA' , SEKm LTM — — © Adj. EBITDA margin Adj. EBITDA — CAPEX margin QBa2a@B 119. G2'19QS'19Q4'19.QN'20Q2'203'2044'20.GN'21 Q2'21 Q3'21 Q4'21G1'22 Q2'22QS'2
Slide 9: Continued strong net cash position after Snowprint acquisition with cash conversion at 59% for FY 2023
CONFERENCE CALL @4 2023 Mo Continued strong net cash position after Snowprint acquistion with cash conversion at 59% for FY 2023 Group cash flow statement, SEKm Balance sheet, SEKbn — — Q4°23 FY’23 Cash flow from operations! 436 1,579 Taxes paid -120 -431 Changes in working capital As -25 3.0 1.4 CA
Slide 10: In 2024 we have our most exciting pipeline yet
CONFERENCE CALL @4 2023 In 2024 we have our most exciting pipeline yet ‘Crossword Word Bingo ui ord (Boorer Word Binge digs ES 9 new game launches and 3 platform expansions in 2024! Eee 2 ES Company presentation | Modern Times Group MTG AB 10
Slide 11: 2023 outlook delivered and began 2024 with good momentum
CONFERENCE CALL @4 2023 Mo 2023 outlook delivered and began 2024 with good momentum Conclusion + We continue to grow YoY with +3% in organic revenues, and +7% on a comparable basis including Snowprint from Q422 + We report +47% in adj. EBITDA YoY with a margin of 28% + We deliver on our full year 20
Slide 12: Q&A
Modern Times Group MTG — Q4 2023 Earnings Presentation on 6ix