Azerion Group N.v · EURONEXT:AZRN
Azerion — FY2022 Earnings Presentation
15 slides from Azerion's earnings presentation, 2023
Slide 1: Q4 and preliminary full year 2022 results
Q4 and preliminary full year 2022 results
Slide 2: Disclaimer
Q4 and preliminary full year 2022 results Disclaimer The following disclaimer applies to this document, any oral or video presentation of the information in this document by Azerion Holding B.V. (“Azerion Holding”), Azerion Group N.V. (“Azerion Group”) or any person on behalf of Azerion Holding or A
Slide 3: Forward-looking statement
Q4 and preliminary full year 2022 results Forward-looking statement The Information includes statements, including Azerion Holding’s or Azerion Group's financial and operational objectives that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identif
Slide 4: Key messages: Delivery on 2022 targets with profitable growth outlook
Key messages Delivery on 2022 targets with profitable growth outlook Solid strategy delivery Strong financial performance • Delivery of 2022 targets for Revenue and Adj. EBITDA • Q4 2022 record performance in Platform, starting to harvest benefits of scale 453M 52M Revenue Adj EBITDA FY 2022 FY 2022
Slide 5: The Azerion mission
Strategy delivery The Azerion mission “ Advertisers We help brands improve the way they engage with Our mission is to be the audiences go-to-partner for Consumers advertisers for an easy- to-use, competitively- Content We entertain priced and brand-safe ” audiences Non-game Game digital environment
Slide 6: Becoming the go-to-partner for advertisers
Strategy delivery Becoming the go-to-partner for advertisers for an easy-to-use, competitively priced and brand-safe digital environment Strategic priorities Q4 proof points • Highest direct sales results across the group, demonstrating the added value of Ad sales Local expert teams that help our cl
Slide 7: Strong historical performance underpinning growth outlook
Strategy delivery Strong historical performance underpinning growth outlook Revenue Revenue split Value drivers ~15% Continued integration of past annual growth Direct acquisitions driving synergies and sales efficiencies 20% 20% 60% Increase volume of direct sales 80% 80% ~560 40% Increase volume o
Slide 8: Our resilient model has value drivers on both demand and supply sides
Financial performance Our resilient model has value drivers on both demand and supply sides Advertisers DEMAND Consumers Direct sales Automated auction sales AZERION’S Advertising auction PROPRIETARY Digital ad buying platform FULL STACK ADTECH platform Publisher monetization services SUPPLY Premium
Slide 9: Q4/22: Delivery on 2022 targets with record Platform performance
Financial performance Q4/22: Delivery on 2022 targets with record Platform performance EUR 149m +18% ● Record performance in the Platform segment, reflecting improved efficiencies and starting to Revenue vs Q4 2021 harvest benefits of scale Q4 2022 ● Continuous focus on integration of past EUR 22m +
Slide 10: Strong financial framework
Financial performance Strong financial framework 5-quarter rolling financial performance Q4/22 cash conversion Q4/22 net debt 1 22 12 3 20 189 3 -5 176 -16 149 9 126 94 104 106 19 22 6 12 12 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q4/21 Debt Cash Q4/22 fit . t. st r O P ro p rec djus j… tere Ot he CF F Net re
Slide 11: Platform set to harvest benefits of scale
Financial performance Platform set to harvest benefits of scale Operational performance 12 20 Ads sold ● Advertising auction platform boosted by increased local 10 Publisher monet. 15 direct sales as well as improved integration with top 10 8 Services (bn) + DSPs + Ads sold 6 + 10 Advert. auction 4
Slide 12: Premium Games integrated with wider platform strategy
Financial performance Premium Games integrated with wider platform strategy Operational performance 700 0.5 600 ● Stable average daily active users in 2022 post Covid-19 0.4 500 Daily active users 0.3 + (thousands) + ● Average revenue per daily active user increasing steadily, 400 + reflecting impro
Slide 13: Continued focus on value optimisation
Sebastiaan Financial performance Continued focus on value optimisation Contribution margin Cost management Organisational structure Increase volume through local direct sales Ongoing integration of acquisitions Reporting simplification with merger of legal • Hosting contracts entities Continued migr
Slide 14: Key messages: Delivery on 2022 targets with profitable growth outlook
Key messages Delivery on 2022 targets with profitable growth outlook Solid strategy delivery Strong financial performance • Delivery of 2022 targets for Revenue and Adj. EBITDA • Q4 2022 record performance in Platform, starting to harvest benefits of scale 453M 52M Revenue Adj EBITDA FY 2022 FY 2022
Slide 15: Becoming the go-to-partner for advertisers in the digital environment
Becoming the go-to-partner for advertisers in the digital environment easy-to-use competitively-priced brand-safe