Enad Global 7 Ab · OMXSTO:EG7
Enad Global 7 Ab — Q2 2024 Earnings Presentation
16 slides from Enad Global 7 Ab's earnings presentation, Aug 14, 2024
Slide 1: Investor Presentation Q2 2024
x Investor Presentation Q2 2024 2024/ 08/ 14
Slide 2: Key Performance Figures
EG7 Q2 2024 INTERIM REPORT Key Performance Figures NET REVENUE ADJUSTED EBITDA NET CASH POSITION 353 MSEK 33 MSEK 317MSEK RELATIVELY QUIET QUARTER STRATEGIC AND OPERATIONAL CHANGES ▪ Due to no major releases during the period ▪ On the strategic front, acquired Singularity 6 ▪ Key releases are coming
Slide 3: Q2 2024 Adjusted EBITDA Contribution
EG7 Q2 2024 INTERIM REPORT Q2 2024 Adjusted EBITDA Contribution MSEK GAMES SERVICES ADJUSTMENTS MADE ▪ MSM has stabilized at current level ▪ Toadman and Petrol continue to be ▪ Cost reduction at Toadman with ▪ Daybreak margins for the quarter under pressure from market estimated annual savings of 63
Slide 4: Daybreak Acquisition of Singularity 6
EG7 Q2 2024 INTERIM REPORT Daybreak Acquisition of Singularity 6 C O M PA N Y O V E R V I E W PA L I A O V E R V I E W ▪ Founded in 2018 by former senior ▪ Cozy community sim and world builder development leaders from Riot ▪ Multiplayer online live service game ▪ Developer and publisher of Palia ▪ C
Slide 5: Investment Highlights
EG7 Q2 2024 INTERIM REPORT Investment Highlights Product with a nice upside potential A huge fan base for the genre Highly talented and motivated team Great fit with our strategy and expertise Lower risk profile combined a solid upside potential Type of transaction we like and are good a
Slide 6: Summary of Terms
EG7 Q2 2024 INTERIM REPORT Summary of Terms ▪ Daybreak acquired 100% of S6 on July 2, 2024 ▪ Transaction consideration comprised of: ▪ Initial purchase price – USD 5mm ▪ Contingent consideration – 50% of net cash flows for the sellers through the fifth anniversary of closing ▪ Daybreak investing up
Slide 7: Financial Discussion
Financial Discussion
Slide 8: Net Revenue, ADJ EBITDA and EBIT
EG7 Q2 2024 INTERIM REPORT Net Revenue, ADJ EBITDA and EBIT QUA RT ER LY LTM (MSEK) 50% 650 45% 2 500 50% 550 517 40% 2 131 45% 483 2 058 2 045 473 35% 2 000 1 855 40% 450 1 725 382 30% 35% 353 350 27% 1 500 29% 30% 25% 29% 23% 27% 25% 250 21% 20% 22% 1 000 19% 20% 16% 141 15% 623 15% 150 595 542 11
Slide 9: Net Revenue and Adjusted EBITDA Mix: Daybreak and Big Blue Bubble
EG7 Q2 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Daybreak 167 47% Net Revenue and Big Blue Bubble Rest of the group 75 110 21% 31% Adjusted EBITDA Mix Group total 353 100% Q2 ADJ EBITDA CONTRIBUTION Daybreak 12 37% Big Blue Bubble 37 111% Rest of the group -16 -48% (MSEK) 33 100% Group total D
Slide 10: Net Revenue and Adjusted EBITDA Mix: Piranha and Toadman
EG7 Q2 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Piranha 23 6% Net Revenue and Toadman Rest of the group 12 318 3% 90% Adjusted EBITDA Mix Group total 353 100% Q2 ADJ EBITDA CONTRIBUTION Piranha 8 24% Toadman -9 -26% Rest of the group 34 102% (MSEK) 33 100% Group total PIRANHA TOADMAN QUARTERL
Slide 11: Net Revenue and Adjusted EBITDA Mix: Fireshine and Petrol
EG7 Q2 2024 INTERIM REPORT Q2 NET REVENUE CONTRIBUTION Fireshine 38 11% Net Revenue and Petrol Rest of the group 38 277 11% 78% Adjusted EBITDA Mix Group total 353 100% Q2 ADJ EBITDA CONTRIBUTION Fireshine -2 -5% Petrol 0 -1% Rest of the group 36 107% (MSEK) 33 100% Group total FIRESHINE PETROL QUAR
Slide 12: Net Cash Position
EG7 Q2 2024 INTERIM REPORT Net Cash Position (MSEK) 600 1,20 Q2 Cash Flow 500 481 1,00 Cash OB 467 473 467 454 Operation* -23 Investing** -98 400 0,80 Financing*** -26 317 Delta Cash -147 300 0,60 Currency fluctuations in liquidity -3 200 0,40 Cash CB 317 * Prel taxes BBB paid -19 MSEK ** Publishing
Slide 13: Figures in Perspective
EG7 Q2 2024 INTERIM REPORT Figures in Perspective Market ▪ YTD the industry suffered ~11,400 lay offs EYE ON THE PRIZE (MSEK) ▪ Market is estimated to grow at 3% CAGR through 2026 3500 2023-2026P 16% organic CAGR 3000 EG7 ▪ Exited to add S6 and the game Palia to our portfolio 2500 ▪ Cost-saving effo
Slide 14: Summary
Summary
Slide 15: Summary
EG7 Q2 2024 INTERIM REPORT Summary ▪ Q2 was a quieter quarter with no major releases ▪ The timing of launches and updates have a big impact on our business ▪ Making the Y-o-Y comparison difficult in some periods ▪ Proactively managing the health of our business ▪ Comprehensive business optimization
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