Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q1 2019 Earnings Presentation
9 slides from Modern Times Group Mtg Ab Class A's earnings presentation, 2019
Slide 1: Q1 2019 Financial Results
Slide 2: Q1 in summary - highlights
Q1 in summary - highlights ¢ — Split and listing of NENT Group completed successfully e Nova sold in April- generated SEK 1.8 billion cash to fund acquisitions * Qtreported sales up 3.9%, adjusted EBITDA margin 2.5% * — Sales on organic basis down 1.7% * Esports returned to growth following the 2018
Slide 3: Esports returns to growth
Esports returns to growth Net sales, reported Adjusted EBITDA O&O properties (SEKm) (15.7%) (SEKm, %) activated 336 Masters 4 2 Challengers 4 8 175,000 visitors 500 hours live content 230m daily unique viewers acc. 1.2m peak viewers are ars aris aria Hl Esports services HB Adj. EBITDA EG Hl Owned an
Slide 4: Mobile driving Gaming revenue growth
Mobile driving Gaming revenue growth Net sales, reported (SEKm) proc ° Mobile > 50% of revenue 577 604 Wee e Successful soft launch Encouraging initial KPls Kongregate starting to turn around Qr18 Qr19 * Focusing on fewer games MB All other Ml Mobile * Top games delivering faster growth
Slide 5: Improving trends in Gaming
Adjusted EBITDA (SEKm) 132 127 Qr18 Qr19 Improving trends in Gaming Adjusted EBITDA margin (%) 9 22.9% o444 259% Daily active users (DAU) (million) 3.2 2.9 2.9 2.8 ag Qr18 Q218 Q318 Q418 Qrig ARPDAU (SEK) 2.60 2.52 2.40 2.23 2.22 Q118 Q218 Q318 Q418 Qrig Monthly active users (MAU) (million) Qr18 Q21
Slide 6: Q1 sales and adj. EBITDA — continuing operations
— Q1sales and adj. EBITDA — continuing operations Net sales by vertical Adjusted EBITDA (SEKm) (SEKm) 25 SEK 14m impact of IFRS 16 Q1i18 Esports Gaming Other Qri19 Q1i18 Qri19
Slide 7: Q1 income statement
Q1income statement (SEKm) Q1 2019 Q1 2018 Q12019 Comments Adjusted EBITDA 25 8 . Adjusted EBITDA margin 2.5% 0.9% Includes SEK -39m Central Operations Adjustments -79 -35 ° IAC: SEK -54m cost of split EBITDA -54 -26 * LTl: SEK -25m D&A akg 62 * Includes SEK -14m i f IFR Of which PPA 3t -29 ncludes S
Slide 8: Capex, cashflow and cash balance
Capex, cashflow and cash balance Capex -37 -70 of which Gaming -28 -55 VC Fund investments of SEK 52m : four new plus one follow-on : Fund now > $20m invested Cash flow from operations -103 - of which working capital -87 Net cash at end Q1 349 Cash proceeds from Nova sale c. 1,800
Slide 9: Summary and outlook
Summary and outlook Encouraging start to the year * — Esports back to growth, driven by O&O * Kongregate turnaround established * Mobile growth in InnoGames On track to achieve full-year ambitions * Mid-teens organic growth * Adjusted EBITDA margin mid-single digits (excl. IFRS 16) « Performance wei
Modern Times Group MTG — Q1 2019 Earnings Presentation on 6ix