Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q4 2020 Earnings Presentation
10 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Feb 25, 2021
Slide 1: Q4 2020 Financial results
ee s Q4 2020 Financial results February 25th, 2021 m
Slide 2: Highlights of the quarter
Highlights of the quarter Record financial results along with high M&A activity, bringing a strong ending to the year The esports vertical delivered a positive Adjusted EBITDA for the first time driven by an intensive event schedule The gaming vertical delivered a solid quarter and concluded a recor
Slide 3: Esports: Ending the year on a high note
Esports: Ending the year on a high note Esport net sales, reported (MSEK) 13%* c Incl. FX: 17% 1 299 353 234 Q419 Q?20 =Q2’20 Q3’20 Q4’20 Esport adj. EBITDA, reported (MSEK) +69 Y 15 -54 -127 Q419 Q?20 =Q2’20 Q3’20 Q4’20 A busy event schedule executed in an online format * Six successful Master prop
Slide 4: Gaming: High activity with M&A and organic development
Gaming: High activity with M&A and organic development Gaming net sales, reported (MSEK) +4%* | Incl. FX:-2% | 743 650 625 679 635 Q419 Q?20 =Q2’20 Q3’20 Q4’20 Gaming adj. EBITDA, reported (MSEK) +16% . 255 t 2n 174 202 132 Q419 QT20 ~Q2’20 Q320 Q4’20 A solid quarter and a record year in sales and a
Slide 5: Gaming: A new GamingCo and the acquisition of Hutch
- Gaming: A new GamingCo and the acquisition of Hutch - Increased ownership in InnoGames to 68% for a total consideration of EUR 106 million Forming of a GamingCo holding company for current and future gaming investments Acquisition of Hutch, diversifying our gaming vertical with a new genre and str
Slide 6: Gaming: A diversified and strong games portfolio with multiple new titles in the pipeline
Gaming: A diversified and strong games portfolio with multiple new titles in the pipeline With Hutch MTG adds a portfolio of games in growth mode Overview of combined games portfolio i Produce Grow Establish Harvest i < aL... : User boosting live-ops 1 New Game Puzzle t Rebel Racing New Game a a | ~
Slide 7: Quarterly revenue and adjusted EBITDA
Quarterly revenue and adjusted EBITDA Net sales, reported (MSEK) Adjusted EBITDA, reported (MSEK) Q419 QT20 Q2’20 Q3’20 Q4’20 Hl Esports Hl Gaming 196 -26 -21 Q419 QT20 Q2’20 Q3’20 Q4’20 Hl Esports Ill Gaming Central ops. Consolidated group net sales declined by 9 percent in the fourth quarter. Orga
Slide 8: Cashflow statement
Cashflow statement (MSEK) Q4 2020 Q42019 ~~ FY 2020 FY 2019 Cash flow from operations 54 -34 242 al Changes in working capital a1 -36 28 “17 Net cash flow to/from operations 95 -70 270 188 Cash flow from/used in investing activities -2,260 71 -2,471 1,546 Cash flow from/used in financing activities
Slide 9: Rights Issue
Rights Issue The initial cash purchase price of Hutch was financed with existing cash and a bridge loan facility of SEK 1,800 million On December 17'', the MTG board of directors resolved on a new issue of class B shares of approximately 2,500 SEK million The rights issue was approved by the extraor
Slide 10: Summary of Q4 and FY 2020
Summary of Q4 and FY 2020 A stronger Group despite a challenging year, delivering on our strategy and ambitious M&A agenda A packed esports tournament calendar for 2021 with online and studio entertainment. Return to live-audience events scheduled for H2 2021 — but visibility remains low due to the
Modern Times Group MTG — Q4 2020 Earnings Presentation on 6ix