Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Q4 2022 Earnings Presentation
11 slides from Stillfront Group Ab's earnings presentation, February 2023
Slide 1: Stillfront Group Full-year report 2022
Stillfront Group Full-year report 2022 Gkour
Slide 2: Stillfront in Q4 2022
24 percent STILLFRONT IN Q4 2022 Outperforming a weak market with successful live ops and efficient user acquisition Net revenue growth of 24 percent, performing significantly better than the global mobile games market Strong performance from several key franchises, successful live ops and efficient
Slide 3: Portfolio highlights
PORTFOLIO HIGHLIGHTS Strong performance from several key franchises Portfolio highlights > BitLife continued its successful growth journey with major content update in the fourth quarter, driving significant organic growth > Albion Online had a strong second half of 2022, gearing up for Asian expans
Slide 4: Net revenue, Adj. EBIT & UAC
@ Net Revenue, MSEK © Adj. EBIT, % of Net Revenue @ VAC, % of Net Revenue Net revenue, Adj. EBIT & UAC 1,811 1,787 1,781 1,678 421 an22 @2'22 @3'22 a4'22 > Net revenue growth of 24% year-over-year driven by acquisitions and positive FX effects, slightly offset by 0.7% negative organic development an
Slide 5: Active portfolio: total
ACTIVE PORTFOLIO: TOTAL @ MAU (‘000) -5% YoY @ DAU ('000) -8% YoY @ MPU (‘000) -15% YoY @ARPDAU (SEK) +35% YoY 68,657 45 965 571 BE 12.747 12,519 1,440 W499 MST og 7 D 65,767 11,526 | : : | | UT Q4'21 @1'22 Q2'22.Q3'22.-@4'22 Q421 Q'22 @2'22-Q3'22-@4'22 Q4'21 @1'22 Q2'22.Q3'22.-@4'22 * DAU, MAU and
Slide 6: Active portfolio: total
331 395 Q4'21 Bookings (MSEK) 385 Q1'22 383 Q2'22 599 372 Q3'22 383 724 Q4'22 Monthly active users (’000) 421 an22 @2'22 3'22 a4'22 ACTIVE PORTFOLIO: TOTAL ARPDAU (SEK) 8.5 8.0 8.1 74 6.6 Q4'21 Q1'22.--Q2'22,. Q3'22_ 4'22 Daily active users (’000) 768 1,303 10,449 Q4'21 N22) @2'22.-@3'22,—-@4'22 Use
Slide 7: Cash flow highlights
CASH FLOW HIGHLIGHTS Continued strong cash generation Q4, MSEK Q42022 _Q4 2021 Cash flow from operations (before NWC) 474 405 17% Change in net working capital 10 37 -72% Cash flow from operations (CFFO) 484 442 10% Cash flow from investment activities -480 -1,515 - Cash flow from financing activiti
Slide 8: Balance sheet highlights
BALANCE SHEET HIGHLIGHTS Conservative leverage and well-balanced maturity profile 668 @4'21 LTM @1'22 LTM @2'22 LIM @3'22 LTM 422 LTM H123. 0 -H2'23 0 HI'24H2'24.HN'25,H2'25H1'26 SS #H2'26 @ Net debt, MSEK @ RCF Maturity, MSEK — @ Bond 2024, MSEK © Term loan facility, MSEK* © Cash and cash equivalen
Slide 9: Share repurchase
SHARE REPURCHASE Launch of share repurchase program > Cash flow generation and strong balance sheet enable Stillfront to launch share repurchase program up to a total amount of SEK 270 million > The repurchased shares will be used to cover the majority of the equity component of Stillfront’s 2023 ea
Slide 10: Summary and outlook
SUMMARY AND OUTLOOK Entering a new phase with updated financial targets > Stillfront significantly outgrew the mobile games 1 2 3 market in 2022, with high profitability and strong ————See cash flows Annual organic Annual adjusted Leverage ratio . . . revenue growth EBITDAC! margin in below 2.0x > N
Slide 11: Stillfront Group
STILLFRONT GROUP