Embracer Group Ab Class B · OMXSTO:EMBRAC_B

Embracer Group Ab Class B — Corporate Update (June 2023)

12 slides from Embracer Group Ab Class B's corporate update, Jun 13, 2023

1. Slide 1: Restructuring Program

   RESTRUCTURING PROGRAM 13 June, 2023

2. Slide 2: Disclaimer

   EMBRACER GROUP Disclamer IMPORTANT INFORMATION – PLEASE READ THE FOLLOWING BEFORE CONTINUING READING representation or warranty, express or implied, is made by the Company or any of its affiliates, directors, advisors, employees and representatives as to the accuracy, completeness or verification of

3. Slide 3: Today's speakers

   RESTRUCTURING PROGRAM Today’s speakers LARS WINGEFORS JOHAN EKSTRÖM PHIL ROGERS MATTHEW KARCH FOUNDER & GROUP CEO CFO & DEPUTY CEO INTERIM CHIEF STRATEGY OFFICER INTERIM CHIEF OPERATIONS OFFICER 3

4. Slide 4: Restructuring program for FY 23/24

   RESTRUCTURING PROGRAM Restructuring program for FY 23/24 HIGHLIGHTS Operational and financial measures to increase cash conversion, improve efficiency and reduce capex, reaching a financial net debt below SEK 10 billion by the end of FY 23/24.  Capex reduced by at least SEK 2.9 billion by FY 24/25

5. Slide 5: Program organisation

   RESTRUCTURING PROGRAM Program organisation TEAM LEADING THE RESTRUCTURING PROGRAM PLANNING AND IMPLEMENTATION  Planning and implementation of the program will be co-led by Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer.  They will

6. Slide 6: Main focus areas and actions (1/2)

   RESTRUCTURING PROGRAM Main focus areas and actions (1/2) COST SAVINGS  Reduction of general overhead, corporate, publishing and SG&A costs  The closing of studios  Termination of projects, that have not yet been announced and with low projected returns EFFICIENCY IMPROVEMENTS  Greater accountabi

7. Slide 7: Main focus areas and actions (2/2)

   RESTRUCTURING PROGRAM Main focus areas and actions (2/2) CAPITAL ALLOCATION  Creation of a more comprehensive, centralized process for game investment  Consolidation of companies and businesses, including review of operative group structure  Reduction of investments into external development with

8. Slide 8: Management estimates of net debt effects

   RESTRUCTURING PROGRAM Management estimates of net debt effects ESTIMATED (SEK bn) * Other initiatives could include further cash savings FY 23/24 not yet specified under the restructuring program, increased level of external capex funding or inclusion of content into various consumer-services, as we

9. Slide 9: Adjusted EBIT forecast

   RESTRUCTURING PROGRAM Adjusted EBIT forecast The previously communicated forecast for FY 2023/24 of SEK 7-9 billion Adjusted EBIT is reiterated. FORECAST ADJUSTED EBIT Financial Year 23/24 SEK 7,000 – 9,000 million  The forecast includes all acquisitions announced as per May 24, 2023, and is based

10. Slide 10: Final remarks

    RESTRUCTURING PROGRAM Final remarks  Significant untapped potential in Embracer  Better leverage scale, quality of portfolio and capabilities  Heading into a solid year with many strong releases  Dead Island 2 one of our greatest successes so far  Short to mid-term actions presented today  CMD

11. Slide 11: Q&A

    Q&A

12. Slide 12: Embracer Group

    EMBRACER* GROUP

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