Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q2 2024 Earnings Presentation
11 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Jul 18, 2024
Slide 1: Q2 2024 Conference Call
Mo July 18, 2024 Q2 2024 Maria Redin, CEO Nils Mésko, CFO
Slide 2: Adjusted EBITDA up 7% with 30% operating margin
CONFERENCE CALL @2 2024 Meo Adjusted EBITDA up 7% with 30% operating margin as we focus on our operations and ROAS discipline Net sales Adjusted Adjusted Cash flow from EBITDA EBITDA margin operations 374 SEKm 30% Net sales flat YoY and down ~1% in reported rates Profits up 7% YoY in Q2 Up from 27%
Slide 3: Revenues down by -1% in constant currencies
CONFERENCE CALL Q2 2024 Mo Revenues down by -1% in constant currencies Reported revenue’, SEKm Reported revenue!, SEKm LTM ©) YoY Sales growth > YoY Organic growth > Reported at constant FX CAGR 5,537 5,495 5,564 5646 5,421 2,824 2,891 2,551 2,552 %647 2.697 2,682 2,437 2,551 2y 629 650 625 Q319Q4'1
Slide 4: Improving dynamics for Word Games in June and positive momentum in Racing
CONFERENCE CALL Q2 2024 Meo Improving dynamics for Word Games in June and positive momentum in Racing Revenue by franchise, SEKm ©) Other smaller franchises [I] Word Games i Sequential YoYdevele ml Racing sceit, eldeenen Il Tower Defense ‘conor “cence Strategy & Simulation 1,494 Revenue Q2, SEKm 24%
Slide 5: Exciting pipeline of games getting ready for scaling
CONFERENCE CALL @2 2024 Exciting pipeline of games getting ready for scaling Revamp of Rise of Cultures ‘Crossword i lord Searc Explorer ° Explorer Now considered an ‘established title Released in Q12024 @ Company presentation | Modern Times Group MTG AB 5
Slide 6: Strategy & Simulation and Tower Defense drive ARPDAU growth
CONFERENCE CALL Q2 2024 Strategy & Simulation and Tower Defense drive ARPDAU growth Revenue streams User development — IAP — Third party publication platforms (Other) — IAA % 65 763% 63% Gm gow, 61% 61% 59% 59% 60 58% 58% 35% 35% 36% 35% 35 32% 33% 33% 5 tio% 1% 1% 10 7% 6% 8% 6% 5% 6% — DAU — ARPDA
Slide 7: Disciplined approach to ROAS driving decline in UA spend in Q2
CONFERENCE CALL @2 2024 Mo Disciplined approach to ROAS driving decline in UA spend in Q2 UA spend development Comments — — 1) UA spend, SEKm * 33% of revenues spent on user acquisition, LTM 36% + Disciplined approach to marketing investments driving decreased UA spend in four out of five studios *
Slide 8: Strong adjusted EBITDA of SEK 426m, 30% margin and all-time-high LTM performance
CONFERENCE CALL @2 2024 Mo Strong adjusted EBITDA of SEK 426m, 30% margin and all-time-high LTM performance Reported adj. EBITDA’, SEKm Reported adj. EBITDA', SEKm LTM — — © Adj. EBITDA margin Adj. EBITDA — CAPEX margin 775 796 w4 162 694 698 605 637 583 579 Q3'19Q4'19QN'2042'20Q3'2004'20 G1'21 G2'2
Slide 9: LTM cash conversion of 66% and strong balance sheet support buybacks and future M&A
CONFERENCE CALL @2 2024 Mo LTM cash conversion of 66% and strong balance sheet support buybacks and future M&A Group cash flow statement, SEKm Balance sheet, SEKbn Q2’24_LTM Q2’24 Cash flow from operations! 413 1,627 Taxes paid A135 -462 Changes in working capital 39 99 3.1 1.4 CAPEX -22 ABP Free ca
Slide 10: We remain confident in 2024 outlook
CONFERENCE CALL @2 2024 Mo We remain confident in 2024 outlook Conclusion and outlook * Sales down -1% in constant FX and 7% increase in adj. EBITDA YoY with strong margin of 30% * Exciting pipeline of new games and content in H2 and beyond * Ambition to scale UA when opportunities arise in H2 and b
Slide 11: Q&A
Modern Times Group MTG — Q2 2024 Earnings Presentation on 6ix