Enad Global 7 Ab · OMXSTO:EG7
Enad Global 7 Ab — Q3 2021 Earnings Presentation
21 slides from Enad Global 7 Ab's earnings presentation, Nov 25, 2021
Slide 1: Q3 2021 Investor Presentation
Q3 2021 INVESTOR PRESENTATION November 2021
Slide 2: EG7 Today
EG7 Today 21 Live service titles based on 4 Major acquisitions in the last globally recognized first 12 months fundamentally and third-party IP brands transforming EG7 7 Business units across PC, 16 Offices and 880+ FTEs console, mobile GaaS, across our main markets in digital/physical publishing, N
Slide 3: A complete transformation from early 2020 to Q3 2021
2.3x 4.9x 2.0x n.a. 8.5x A complete transformation from early 2020 to Q3 2021 * *LTM 30-9-21 and 2019 Net Revenue in SEKm. Q3 2021 Investor Presentation 3
Slide 4: Business Segments
Business Segments GAMES SERVICES PC and console Mobile, PC and PC and console PC and console PC online game Premium console Creative live service game console game premium and live game developer publisher in game publisher branding and developer and developer and service game Russia, CIS and and di
Slide 5: End-to-End Development, Live Service and Publishing Platform
End-to-End Development, Live Service and Publishing Direct Platform Creative/ Marketing Organization Tech Agency Live Games Physical Distribution PC/ Console Digital Game Dev Publishing Live Game Dev Network Ops Daybreak’s development, live Mobile service and publishing Game Dev Live Ops capabilitie
Slide 6: Games and Brands
Games and Brands One of a Kind Portfolio of Iconic Games and Brands Q3 2021 Investor Presentation 6
Slide 7: Q3 2021 Financial Discussion
Q3 2021 FINANCIAL DISCUSSION Q3 2021 Investor Presentation 7
Slide 8: Q3 2021 Highlights
Q3 2021 Highlights • Completion of a successful “recalibration” • Net Revenue of SEK 409 million, 409% y-o-y growth • Adjusted EBITDA of SEK 89 million, representing 22% margin • Adjustment addback of SEK 10.5 million comprised of SEK 5.5 million of restructure related severance costs, SEK 2.3 milli
Slide 9: Net Revenue and Adjusted EBITDA
Net Revenue and Adjusted EBITDA In SEKm Q3 2021 Investor Presentation 9
Slide 10: Net Revenue by Segment
Net Revenue by Segment In SEKm Q3 2021 Investor Presentation 10
Slide 11: Adjusted EBITDA by Segment
Adjusted EBITDA by Segment In SEKm Q3 2021 Investor Presentation 11
Slide 12: Game Segment – Q3 2021 Net Revenue and Adj EBITDA Mix
Game Segment – Q3 2021 Net Revenue and Adj EBITDA Mix In SEKm Q3 2021 Investor Presentation 12
Slide 13: Service Segment – Q3 2021 Net Revenue and Adj EBITDA Mix
Service Segment – Q3 2021 Net Revenue and Adj EBITDA Mix In SEKm Q3 2021 Investor Presentation 13
Slide 14: Cash Flows – Q3 2021
Cash Flows – Q3 2021 In SEKm Operating Investing Financing Cash Flows Cash Flows Cash Flows 85 (54) (141) • Strong liquidity position with SEK 442 million of cash at the end of Q3 2021 • Operations produced strong 442 results with SEK 85 million of cash flow for the period • Other notable cash flow
Slide 15: Looking Forward
Looking Forward Q3 2021 Investor Presentation 15
Slide 16: Q4 2021 Outlook
Q4 2021 Outlook • On track to deliver within the provided Q4 guidance range: • Net Revenue of SEK 450-500m • Adjusted EBITDA of SEK 95- 110m • Full year 2021 on track for: • Net Revenue of SEK 1.5-1.6bn • Adjusted EBITDA of SEK 374- 389m • Content releases and seasonal promotions will drive Q4 perfo
Slide 17: Exciting Product Slate for 2022 and Beyond
Exciting Product Slate for 2022 and Beyond Q4 2022 Medium-term Longer-term Unannounced AAA MMORPG My Singing Monsters: Playground Block N Load 2 Lord of the Rings Online IGI Origins • Minimal budget, experimental title • 5 vs 5 PvP multiplayer FPS • Perennially ranked as a top 10 MMO • Single-player
Slide 18: Re-balancing Our Growth Strategy
Re-balancing Our Growth Strategy • 100% reliance on M&A for growth to date Sustainable Long-term Organic • Great success with this strategy Growth • M&A will always be an important part of EG7’s strategy • Added focus on investing in our products and assets for: • Driving long-term sustainable organ
Slide 19: Sustainable Long-term Value Creation
Sustainable Long-term Value Creation • A solid portfolio of assets providing the foundation for long-term sustainable value creation: • Live games portfolio – Primary EG7 strength and Games – New and Reinvestments differentiation • World class, IP portfolio – One of the most unique portfolios in the
Slide 20: Summary
Summary • Q3 was a transition period for important and necessary changes • Back on solid footing • Q3 performed to guidance • Q4 on track and shaping up to be a great quarter • Solid mix of assets and capabilities for value creation • Unique and valuable underlying assets • End-to-end capabilities •
Slide 21: Q&A Session
Q&A Session Q3 2021 Investor Presentation 21