Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Merger or Acquisition (September 2021)
10 slides from Stillfront Group Ab's merger presentation, Sep 9, 2021
Slide 1: Acquisition of Jawaker
2021 Acquisition of Jawaker 9 September 2021 1
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION THE INFORMATION CONTAINED HEREIN IS STRICTLY CONFIDENTIAL. BY REVIEWING THIS INFORMATION, YOU ARE ACKNOWLEDGING THE CONFIDENTIAL NATURE OF THIS INFORMATION AND ARE AGREEING TO ABIDE BY THE TERMS AND CONDITIONS OF THIS DISCLAIMER. This company presentation,
Slide 3: Jawaker at a glance
JAWAKER AT A GLANCE Jawaker at a glance Track record • Jawaker is a leading, highly profitable mobile gaming studio in the Middle East, with one of the largest classic PvP gaming apps in the world 2009 ∼50 • Focus on social board & card games and other popular games that are Founding year FTE equiva
Slide 4: Investment highlights
INVESTMENT HIGHLIGHTS Classic evergreen games with high retention, premium Exceptionally strong cohorts that continue profitability and high growth playing and spending in the games over long time • Adds c. SEK 132m Q2 YTD in rapidly growing revenue with premium sustainable profitability • 62% Adj.
Slide 5: Excellent synergy and scaling potential within Stillfront Group
TRANSACTION RATIONALE Excellent synergy and scaling potential within Stillfront Group • One-app approach eases future cross-promotion activities supporting our strategic initiative to keep more traffic within Stillfront’s own ecosystem • Significant scaling potential in the MENA region and by addres
Slide 6: Transaction structure and financing considerations
TRANSACTION STRUCTURE Transaction structure Financing considerations • Upfront consideration of USD 205m on a cash and debt • The total upfront consideration for the acquisition of: free basis • Jawaker equals SEK ~1.8bn1, of which SEK ~1.3bn • Cash consideration of USD ~152m is payable in cash • Sh
Slide 7: Combined group, pro forma
COMBINED GROUP, PRO FORMA Preliminary pro forma income statement Commentary • Net revenue increases by SEK 132m IFRS Stillfront Stillfront Unaudited (As reported) Jawaker (Pro forma) corresponding to a 4.9% increase relative to SEKm1 YTD Q2’21 YTD Q2’21 YTD Q2’21 reported figures for Stillfront YTD
Slide 8: Jawaker FY 2021 forecast range
JAWAKER FORECAST Jawaker FY 2021 forecast range1,2 on Financing considerations Net revenue & Adj. EBIT (SEKm) • Jawaker, during the full financial year 2021, is expected to contribute with: • SEK 270 – 310 million to Stillfront’s pro forma net NET REVENUE revenue • SEK 180 – 210 million to Stillfron
Slide 9: Continuing our growth journey
M&A SUMMARY Continuing our growth journey • Adds rapidly growing revenue with premium sustainable profitability • Bundles players in one ecosystem, supporting cross promotion • Solidifies Stillfront’s position in the attractive MENA region • Brings substantial scaling opportunities as a part of Stil
Slide 10: Stillfront Group
STILLFRONT GROUP
Stillfront Group — Merger or Acquisition (September 2021) on 6ix