Slide 1: Interim Report Jan-Jun 2024
Interim Report Jan-Jun 2024 26 July 2024 www.acast.com
Slide 2: Hello! We're Acast.
| Hello! We’re Acast. in ®
Slide 3: In The Room
In The “Room” Ross Adams Emily Villatte CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER & DEPUTY CEO 3 3
Slide 4: Uniquely positioned at the center of the podcasting value chain
Over More than 125,000 1BN shows listens/quarter CONSUME MONETIZE EVERYWHERE GROW YOUR ACCESS AUDIENCE HIGH-QUALITY CONTENT Uniquely positioned REACH YOUR SUPPORT YOUR FAVORITE at the center of the LISTENERS PODCAST podcasting value chain EMPLOY ACCESS ADVANCED SCALE TARGETING GET MEASURABLE & REACH
Slide 5: The largest podcast network globally
The largest podcast network globally
Slide 6: CEO Update
1 CEO Update
Slide 7: Financial highlights Q2 2024
Financial highlights Q2 2024 24% 39% -2% NET SALES GROSS EBITDA GROWTH MARGIN MARGIN Another step closer to profitability 7
Slide 8: Championing one of the most efficient media channels
Championing one of the most efficient media channels Long-term ROAS *ROAS is defined as direct sales from an ad investment Podcast advertising found to be 34% more cost-effective in driving brand awareness compared to other media average ROAS 8
Slide 9: Multichannel is gaining traction
Multichannel is gaining traction Examples of recent signings 9 *Multichannel advertising: using multiple platforms to reach customers beyond just podcasting
Slide 10: Financials
2 Financials
Slide 11: ARPL up 45% Y/Y
ARPL up 45% Y/Y Listens (m) Quarterly Listens and Average Revenue Per Listen • Listens down 15% Y/Y due to the previously mentioned iOS17 rollout • ARPL continues to trend positively • ARPL increased by 45% compared to last year Note: Number of listens based on Acast´s IAB 2.0 certified measurement.
Slide 12: 24% net sales growth
24% net sales growth Net Sales YoY (SEKm) Quarterly Net Sales (SEKm) +24% • Organic net sales growth 22% adjusted for currency effects • Solid growth performance in both North America and Europe during the quarter 12
Slide 13: Gross margin at 39%
Gross margin at 39% Gross Profit (SEKm) Quarterly Gross Profit (SEKm) Ex- +35% re-v al 39% • The gross profit grew by 35% compared to Q2 23, reflecting a 3%-p margin improvement Y/Y • Gross margin in line with the underlying level seen in the past two quarters • The positive development is primarily du
Slide 14: Broad-based profitability improvements
Broad-based profitability improvements Europe North America Other Markets Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) +25% 26% +10% Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) • Continued advancement at 26% growth • Improved growth at 25% Y/Y • Conti
Slide 15: Continued measured investments
Continued measured investments Other Operating Expenses (SEKm) Quarterly Other Operating Expenses (SEKm) 218 197 • Other operating expenses (incl. D&A) increased by 11% Y/Y • Continued deliberate investments primarily in North America • Also affected by FX changes and incentive program costs linked
Slide 16: Improved EBITDA result
Improved EBITDA result Quarterly Adj. EBITDA (SEKm) Adj. EBITDA LTM* (SEKm) • Major EBITDA margin improvement of 9%-p Y/Y stems from the combination • On track towards EBITDA profitability in full year 2024 of sales growth, the increased gross margin and continued cost control *Last Twelve Months 16
Slide 17: Positive operating cash flow on LTM basis
Positive operating cash flow on LTM basis Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) • Operating cash flow of SEK -1 m, including negative working capital changes • Robust cash position at SEK 712 m per 30 June, 2024 of SEK -5 m *Last Twelve Months 17
Slide 18: Wrap Up
3 Wrap Up
Slide 19: Acast stands strong as the leading player in podcasting
Acast stands strong as the leading player in podcasting 19
Slide 20: Q&A
4 Q&A
Slide 21: Follow us on
Follow us on Investors.acast.com/subscribe Acast.com/blog Shows.acast.com/acast-financial-reporting Nov 5 Interim report for the period July 1 - September 30, 2024 21
Slide 22: For The Stories.
Acast For The Stories.
Slide 23: Appendix: Financial KPIs
Appendix Financial KPIs
Slide 24: Income statement and KPIs, SEK thousand
2024 2023 2024 2023 2023 SEK thousand ‘Apr-Jun Apr-Jun Jan-Jun Jan-Jun__Jan-Dec Net sales 477905 386,301 «890,791 717,597 1,636,372, Cost of content 292,963 --209,095 -546,876 —-462,022 1,315,531 Gross profit 184941 137,205 343,915 255,575 520,840 ‘Total operating expenses excl D&A 196,218 178,871 -
Slide 25: For The Stories.
Acast For The Stories.