Stillfront Group Ab · OMXSTO:SF
Stillfront Group Ab — Q1 2019 Earnings Presentation
12 slides from Stillfront Group Ab's earnings presentation, May 8, 2019
Slide 1: Interim report Q1 2019
Q1 2019 1 Interim report Q1 2019 2019-05-08
Slide 2: Stillfront – a market leader in online strategy games
Stillfront – a market leader in online strategy games S T ILLFRO NT AT A G LANCE G LO BAL P RES EN CE • A global group of gaming studios in the free-to-play online strategy games genre Europe 53% • A diverse and evolving game portfolio with two common themes; loyal users and long lifecycle games Nor
Slide 3: Financial and operational highlights
F IN AN CIA L H IG H LIG H T S • Strong start to 2019 • Revenue growth of 33% YoY • Solid profitability: EBIT margin of 27% • UAC amounted to 108 MSEK or 26% in relation to net revenue O P ERAT IO NA L H IG H LIG H T S • Highly profitable marketing campaigns • Strong momentum in Core products: Nida
Slide 4: Portfolio update Q1
Portfolio update Q1 Diversified portfolio generating growth and profitability 38% 19% 43% <1% EM P IRE BRAND BIG BRAND CO RE P RO D U CT S OT H ER • Four products: Empire, Four Kingdoms, • Three products: Big Farm, Mobile • In total 24 products • Long tail products Millennium, World War 3 Harvest an
Slide 5: Active User Base
Active User Base DAU ¹ Y-o-Y ’EMPIRE’ BRAND ’BIG’ BRAND CORE PRODUCTS (’000) 1411 +26% 1115 1140 1021 954 253 751 +197% 246 476 259 400 372 350 330 342 -14% 463 403 345 335 318 -31% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 MAU ² Y-o-Y (’000) COMMENTS Q1 2019 5874 +20% 4893 4770 • Total MAU and DAU bo
Slide 6: Paying User Base
Paying User Base M PU ¹ Y-o-Y ’EMPIRE’ BRAND ’BIG’ BRAND CORE PRODUCTS (’000) 205 +19% 184 172 167 153 36 87 +142% 38 71 38 54 53 48 44 51 -5% 82 76 67 69 67 -19% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 A R PM PU ² Y-o-Y (SEK) COMMENTS Q1 2019 +10% +23% +15% +13% 873 801 778 • Total MPU and ARPMPU b
Slide 7: Strong revenue growth and solid profitability
Strong revenue growth and solid profitability NET REV ENU E, UAC D EV ELO P M ENT CO M M EN T S Net Revenue, MSEK UAC, MSEK 1428 UAC, % of Net Revenue 1325 418 1113 1180 1243 • Strong revenue growth of 33% YoY 366 329 315 315 • Solid profitability: EBIT margin 27%: – UAC of 108 MSEK or 26% in relati
Slide 8: Income statement Q1 2019
Income statement Q1 2019 M S EK Jan-Mar 2019 C O M M EN T S Net revenue 418 Gross margin 75% OWC 38 Major cost items: Other revenues 2 Payment providers, platforms fees, royalties 105 MSEK UAC 108 MSEK Total 458 Staff 69 MSEK Other operating expenses -234 Capitalised Product Development 51 MSEK Pers
Slide 9: Balance sheet 2019-03-31
Balance sheet 2019-03-31 M S EK Jan-Mar 2019 C O M M EN T S Intangible non-current assets 2 228 Intangible assets mainly consist of: Tangible non-current assets 59 Capitalized product development and Deferred tax assets 5 acquired products 545 MSEK Current receivables 200 Goodwill 1683 MSEK Cash and
Slide 10: Cash flow statement Q1 2019
Cash flow statement Q1 2019 CAS H F LOW FRO M O P ERAT IO NS CO M M EN T S 2019 2018 2018 Last 12 • Cash flow from operations for Q1 2019 amounted to 98 MSEK (60) MSEK Jan-Mar Jan-Mar Jan-Dec months – Negatively impacted by cash flow from changes in working capital partially Cash flow from operation
Slide 11: Looking forward
Looking forward OUR AIM: To be the leading group of indie game developers and publishers Further expansion of • Offering long term first class digital entertainment portfolio – products • with high quality cross platform games and engines • Operational excellence combining Entrepreneurship, Scale an
Slide 12: Stillfront Group
STILLFRONT GROUP