Slide 1: Q1 2023 results
Q1 2023 results May 31 2023
Slide 2: Disclaimer
Q1 2023 interim results Disclaimer The following disclaimer applies to this document, any oral or video presentation of the information in this document by Azerion Group N.V. (“Azerion Group”) or any person on behalf of Azerion Group and any question-and-answer session that follows the oral or video
Slide 3: Forward-looking statement
Q1 2023 interim results Forward-looking statement The Information includes statements, including Azerion Group's financial and operational objectives that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking termi
Slide 4: Key messages: Consolidation and integration leading to resilient revenue growth
Key messages Consolidation and integration leading to resilient revenue growth and increased profitability Solid strategy delivery Strong financial performance • Successfully progressed consolidation and integration of previous acquisitions • Resilient growth in Platform and Premium Games segments 1
Slide 5: The Azerion mission
Strategy delivery The Azerion mission “ Advertisers We help brands improve the way they engage with Our mission is to be the audiences go-to-partner for Consumers advertisers for an easy-to- use, competitively-priced Content We entertain and brand-safe digital ” audiences Non-game Game environment A
Slide 6: Becoming the go-to-partner for advertisers
Strategy delivery Becoming the go-to-partner for advertisers for an easy-to-use, competitively priced and brand-safe digital environment Strategic priorities Q1 proof points Ad sales Local expert teams that help our clients achieve results • Grew presence in the US and Latin America, providing incre
Slide 7: Focus on integration; Strategic M&A powering growth
Strategy delivery Focus on integration; Strategic M&A powering growth Transaction Strategic rationale Integration process Integrated & Anticipated Organic Growth • Geographic diversity into LATAM & US Spanish • Cross sell opportunities speaking market • Imbed ad performance management across all pro
Slide 8: Strong historical performance underpinning growth outlook
Strategy delivery Strong historical performance underpinning growth outlook Revenue Revenue split Value drivers ~15% Continued integration of past annual growth Direct acquisitions driving synergies and sales efficiencies 20% 20% 60% Increase volume of direct sales 80% 80% ~560 40% Increase volume o
Slide 9: Our resilient model has value drivers on both demand and supply sides
Financial performance Our resilient model has value drivers on both demand and supply sides Advertisers DEMAND Consumers Direct sales Automated auction sales AZERION’S Advertising auction PROPRIETARY Digital ad buying platform FULL STACK ADTECH platform Publisher monetization services SUPPLY Premium
Slide 10: Q1/23: Resilient Platform and Premium Games performance driving growth
Financial performance Q1/23: Resilient Platform and Premium Games performance driving growth EUR 113m +19.4% ● Benefits of recent acquisitions increasing top line growth Revenue vs Q1 2022 Q1 2023 ● Value optimisation reducing costs of operations EUR 9m +47.5% Adj. EBITDA vs Q1 2022 ● Focused alloca
Slide 11: Strong financial framework
Financial performance Strong financial framework 5-quarter rolling financial performance Q1/23 cash conversion Q1/23 net debt 28 -4 -5 27 6 9 149 10 -8 104 106 113 94 22 6 12 12 9 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Net Revenue Adjusted EBITDA ● Record first quarter performance in absolute revenue an
Slide 12: Platform leveraging integrations delivering resilient growth
Financial performance Platform leveraging integrations delivering resilient growth Operational performance 18 16 ● Enhanced cross sales opportunities through newly acquired 14 12 technologies and sales teams delivering revenue diversification. + Gross Revenue Avg. 10 + + 8 per Million processed Ad R
Slide 13: Premium Games allocating resources towards profitable growth
Financial performance Premium Games allocating resources towards profitable growth Operational performance 700 0.5 ● Focus on user acquisition leading to increased average daily active 600 0.4 users, subsequently increasing ARPDAU. 500 Daily Active Users 400 0.3 + +(thousands) ● Improvements in user
Slide 14: Key messages: Consolidation and integration leading to resilient revenue growth
Key messages Consolidation and integration leading to resilient revenue growth and increased profitability Solid strategy delivery Strong financial performance • Successfully progressed consolidation and integration of previous acquisitions • Resilient growth in Platform and Premium Games segments 1
Slide 15: Q&A
azerion Q&A
Slide 16: Azerion Investor Relations
IR@azerion.com Azerion Investor Relations www.azerion.com