Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nent Group — Q1 2020 Earnings Presentation
12 slides from Viaplay Group Ab Class A's earnings presentation, 2020
Slide 1: Nent Group Results Presentation Q1 2020
Nn entertainment group Results presentation Q1 2020 nentgroup.com
Slide 2: Agenda
Agenda What are we seeing? What are we doing? The bigger picture Ql] performance Cash Flow & funding Outlook
Slide 3: Subscriptions & Other
\ op oy Subscriptions & Other Viaplay subscriber base*, thousands Comments 1671 * Subscription revenues up 5% and accounted for 67% of 1568 Group revenues 1459 13571421 * Viaplay added 102k subscribers QoQ * TV & Movies base up 114k — a new record * Now targeting 400k net adds in 2020 - 25% growth «
Slide 4: Selected highlights
Selected highlights Acquired Sports lll SONY 8 titles premiered Q120 ~30 titles to be premiered in 2020 Bene | ISNED EUROPA BUNDESLIGA g le= ERS CHAMPIONS STUDIOS LEAGUE
Slide 5: Advertising & Studios
Advertising & = ucios Advertising Advertising revenues * Down 13% in Q] and accounted for 23% of Group revenues * March down 17% * April expected to be down 25% Comments * ~80% of estimated annual ad inventory has been committed in upfront agreements at slightly higher net prices than last year * Th
Slide 6: Covid-19 response
Covid-19 cco on pion 9 March - travel ban initially to/from affected areas and then altogether Tl March — encouraging people to work from home Emphasis on continuous communication and interaction to support physical and mental wellbeing WD Helping health authorities inform the public #Lyssnarhjalpen
Slide 7: The bigger picture
The bigger > cure
Slide 8: Q1 performance
QI] performance so cry Comments Sales split Q120 Organic sales down 2% NENT Studios EBIT before IAC down 20%, or SEK 55m, including SEK 60m US dollar headwind Advertising Cash flow from operations up compared to last year Net cash flow from operations down after pre- payments for new Premier League
Slide 9: Cash flow and leverage
Cash flow and @vercce @ SEKm qo. ag —sFYII9 SEKm Ql20 Cash flow from operations 247 245 1393 LTM EBITDA before IAC 1,826 Change in working capital -194 -402 791 Net debt 4754 Net operating cash flow -547 -157 602 Net debt / LTM EBITDA before IAC 2.6x CapEx * -37 -32 -176 Financial net debt 4194 Oper
Slide 10: Business outlook for 2020
Business ©) 00+ for 2020 outlook profitable growth withdrawn for 2020 viaplay net subscriber intake approx. 400 thousand cost savings from 2019 program majority of the SEK 250m will impact 2020 cost savings from 2020 program approx. SEK 700m with full impact 2020 transactional FX impact on EBIT appr
Slide 11: Our investor proposition
Our investor a unique play on the Nordic streaming market a Nordic content champion with global appeal a successful track record & a winning team a clear capital allocation strategy 1
Slide 12: Nent Group - Telling stories, touching lives
‘encertainment gra Telling stories Touching lives Expanding worlds follow us t £ Yo in} @nentgroup iy) @nent_group _nentgroup.com