Enad Global 7 Ab · OMXSTO:EG7

Enad Global 7 Ab — Q3 2023 Earnings Presentation

16 slides from Enad Global 7 Ab's earnings presentation, Nov 14, 2023

  1. Slide 1: Investor Presentation Q3 2023

    INVESTOR PRESENTATION Q3 2023 / JUL-SEP 2023

  2. Slide 2: Q3 2023 Key Performance Figures

    ENAD GLOBAL 7 | COMPANY PRESENTATION Q3 2023 Key Performance Figures Net Revenues Adjusted EBITDA SEK 517 mm 16% YoY Organic Growth Cash SEK 141 mm 27% Margin SEK 473 mm Q2 + SEK 22 mm 2

  3. Slide 3: Q3 Group Highlights

    ENAD GLOBAL 7 | COMPANY PRESENTATION • Capital markets day hosted on Sep 20 > Update to business strategy and plan Q3 Group > Shareholder capital return program Highlights > Uplisting to the main exchange in 2024 • Publishing deal signed with Cold Iron > New multiplayer shooter based on a major glob

  4. Slide 4: Business Unit Performance Commentary

    ENAD GLOBAL 7 | COMPANY PRESENTATION Business Unit Performance Commentary • Another great quarter • MSM trending down as expected • Still 157% higher Net Revenues than 3Q22 • Softer than expected results YTD > About 15% lower YTD Net Revenue compared to last year • DCUO and LOTRO have performed unde

  5. Slide 5: Business Unit Performance Commentary

    ENAD GLOBAL 7 | COMPANY PRESENTATION Business Unit Performance Commentary • Solid performance YTD with MechWarrior 5 DLCs delivering good results > DLC 5 released in September > 2 more planned for next year • WFH contract is nicely profitable but the ramp has been slower than expected • Continuing r

  6. Slide 6: Business Unit Performance Commentary

    ENAD GLOBAL 7 | COMPANY PRESENTATION Business Unit Performance Commentary • Good volume of physical releases during the quarter > Highlights: Lies of P, Warhammer 40k Darktide, F1 Manager and etc. • On the digital publishing front, new content updates for Core Keeper and Shadows of Doubt • A softer

  7. Slide 7: Financial Discussion

    FINANCIAL DISCUSSION COMPANY PRESENTATION 7

  8. Slide 8: Net Revenue and Adjusted EBITDA

    ENAD GLOBAL 7 | COMPANY PRESENTATION Net Revenue and Adjusted EBITDA Q U A R T E R LY LTM 2 500 100% 700 100% 2 131 90% 90% 2 038 2 058 600 559 572 2 000 1 806 1 866 80% 517 80% 483 500 444 70% 70% 60% 1 500 60% 400 50% 50% 300 40% 1 000 40% 32% 33% 28% 29% 29% 27% 26% 200 25% 23% 30% 22% 30% 179 19

  9. Slide 9: Net Revenue and Adjusted EBITDA Mix: Daybreak, Big Blue Bubble

    Q3 Net Revenue Contribution Daybreak 181 35% ENAD GLOBAL 7 | COMPANY PRESENTATION Big Blue Bubble 123 24% Rest of the group 213 41% Group total 517 100% Net Revenue and Q3 Adj EBITDA Contribution Adjusted EBITDA Mix Daybreak Big Blue Bubble 34 88 24% 62% Rest of the group 19 13% (MSEK) Group total 1

  10. Slide 10: Net Revenue and Adjusted EBITDA Mix: Piranha, Toadman

    Q3 Net Revenue Contribution Piranha 28 5% ENAD GLOBAL 7 | COMPANY PRESENTATION Toadman 14 3% Rest of the group 475 92% Group total 517 100% Net Revenue and Q3 Adj EBITDA Contribution Adjusted EBITDA Mix Piranha Toadman 8 -2 6% -1% Rest of the group 135 96% (MSEK) Group total 141 100% Piranha Toadman

  11. Slide 11: Net Revenue and Adjusted EBITDA Mix: Fireshine, Petrol

    Q3 Net Revenue Contribution Fireshine 120 23% ENAD GLOBAL 7 | COMPANY PRESENTATION Petrol 51 10% Rest of the group 346 67% Group total 517 100% Net Revenue and Q3 Adj EBITDA Contribution Adjusted EBITDA Mix Fireshine Petrol 19 2 13% 1% Rest of the group 120 85% (MSEK) Group total 141 100% Fireshine

  12. Slide 12: Net Debt to EBITDA Ratio and Cash

    ENAD GLOBAL 7 | COMPANY PRESENTATION Net Debt to EBITDA Ratio and Cash (MSEK) 800 654 Q3 Cash Flow 600 Cash OB 454 499 473 453 454 Operation +112 408 400 Investing -83 Financing -7 187 200 114 Delta Cash +22 88 93 - 0,4 Currency fluctuations in liquidity -4 - Cash CB 473 - 200 - 220 - 155 - 0,5 - 35

  13. Slide 13: Figures in Perspective

    ENAD GLOBAL 7 | COMPANY PRESENTATION Figures in Perspective (MSEK) Based on continued trends LTM 2 500 100% • Expect to come in around our 2 131 90% 2 038 2 058 full year guidance 2 000 1 866 80% 1 806 • Probably softer growth 2024, 70% compared to first nine months 1 500 60% 2023 50% • MSM impact 1

  14. Slide 14: Summary

    SUMMARY COMPANY PRESENTATION 14

  15. Slide 15: Summary

    ENAD GLOBAL 7 | COMPANY PRESENTATION Summary • Solid profitability and growth • Maximizing cash flows with existing business • Investing selectively in our long-term growth plan • EGM being scheduled for December to obtain approval for the shareholder capital return program • Executing against uplis

  16. Slide 16: Q&A

    Q&A COMPANY PRESENTATION 16

Enad Global 7 — Q3 2023 Earnings Presentation on 6ix