Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group — Q4 2020 Earnings Presentation
14 slides from Viaplay Group Ab Class A's earnings presentation, February 2021
Slide 1: Nent Group Results Presentation Q4 2020
Nn entertainment group Results. presentation Q4 2020 nentgroup.com
Slide 2: Q4 three takeaways
Q4 — three «©, takeaways * EBIT before associated company income and items affecting comparability, and excluding Q4 2019 contribution from Viasat Consumer business
Slide 3: A sustainable approach and agenda
A sus°o\nab\e approach and agenda Climate action Diversity & Inclusion Aligning with Paris Agreement to keep Aim to be the most diverse and inclusive streaming temperature rise below 1.5 °C company in the world ESG-ratings Morgan Stanley Capital International Dow Jones Sustainability Index Rated AA
Slide 4: Viaplay performance
\ oplcay performance Viaplay subscriber base*, thousands Comments 3,020 276 2.813 2,510 2039 «2.101 2.151 2,272 Qll9,-Q219 Q319 Q419 ~QI20 @220 Q320 Q420 * 33% YoY subscriber growth to hit 3m year-end target * 207k subscribers added in Q4 & 748k in 2020 * Total streamed minutes up 30% YoY + New targ
Slide 5: Viaplay
Viaplay
Slide 6: New & extended sports rights
New & extended we . 3 Premier League 2022-2028 2021-2024 e wo ty a F /s EUROPEAN QUALIFIERS 2022-2028 Nordics eS) 4 > 2021-2026 yf 2022-2024 2021-2025 w=
Slide 7: Subscriptions, advertising and studios
Subscriptions, ©¢ ers o> and studios 2 Other subscription revenues Advertising revenues Studio revenues * Up 12% on organic basis and * Down 1% on organic basis and * Down 21% on organic basis and accounted for 31% of Group accounted for 35% of Group accounted for 3% of Group revenues revenues reven
Slide 8: The next chapter
The next Vision to become the European streaming champion Ambition to enter +15 markets in next +5 years EGM approval to raise SEK >3.5bn to fund expansion Viaplay to launch in Estonia, Latvia & Lithuania on 9 March, Poland in August and US in Q4 40 more originals to premier in 2021 + wide range of
Slide 9: Q4 performance summary
Q4 performance sumimcry Comments Sales split Q420 6% organic net sales growth & 33% Viaplay subscriber growth Other subscription 22% increase in EBIT before associated company & IAC Viaplay when excl. SEK 111m contribution from Viasat Consumer business in Q4'19 Combined savings from 2019 transformat
Slide 10: Allente
Allente ooccote SEKm Q420 EBITDA before IAC 348 Depreciation & Amortisation * -309 EBIT before IAC 40 Items affecting comparability -125 EBIT -86 Net income -76 NENT Group 50% share -38 Net debt position (end of period) 1301 # of subscribers 1133k * Including SEK -289m PPA amortisation charge for pe
Slide 11: Cash flow and leverage
Cash flow and @vercce SEKm Q420 Q419—s FY20_~—s FYI SEKm Q420 Cash flow from operations 1631 443 2,200 1393 LTM EBITDA before IAC 1379 Change in working capital -720 253 -674 70 Net debt 3,026 Net operating cash flow 910 695 1526 602 Net debt / LTM EBITDA before IAC 2.2x CapEx * -46 -52 -147 -176 Fi
Slide 12: Business outlook for 2021
Business ©) ©©¢ for 2021 Outlook Organic Nordic sales growth in line with 5yr goal (NB excluding contribution from Viasat Consumer business) Viaplay paying subscriber base +400k in Nordics and +250k international Nordic EBIT margin excl. associates & IAC up compared to 2020 when excluding contributi
Slide 13: NENT Group targets
NENT Group (oroc's Group organic growth ~18-20% CAGR 2020-25 Vaplarcotss ~105 million subs by end of 2025, of which ~6m in Nordics and ~4.5m International Nordic organic growth ~13-15% CAGR 2020-25 Nordic EBIT margin* ~15% in 2025 International EBIT Accretive to Group in 2025 Leverage policy <2.5x N
Slide 14: Telling stories, touching lives, expanding worlds
‘encertainment gra Telling stories Touching lives Expanding worlds follow us t £ Yo in} @nentgroup iy) @nent_group _nentgroup.com
Nordic Entertainment Group — Q4 2020 Earnings Presentation on 6ix