Storytel Ab Class B · OMXSTO:STORY_B
Storytel Ab Class B — Q3 2024 Earnings Presentation
14 slides from Storytel Ab Class B's earnings presentation, Oct 29, 2024
Slide 1: Interim report third quarter 2024
Interim report third quarter 2024 October 29, 2024 PRESENTATION TITLE
Slide 2: Today's presenters
Today’s presenters Bodil Eriksson Torp Peter Messner CEO CFO Interim report third quarter 2024
Slide 3: A word from the CEO
A word from the CEO Interim report third quarter 2024
Slide 4: Storytel Group delivered record-high revenue, adjusted EBITDA, and cash flow
“Storytel Group delivered record-high revenue, adjusted EBITDA, and cash flow” Interim report third quarter 2024
Slide 5: Operational Highlights in Q3 2024
Operational Highlights in Q3 2024 ● Profitability improvements as a result of continued, disciplined strategy execution ○ 10% subscriber growth, above 2.3 million average paying subscribers ○ Downward paid churn trend, remaining at an all-time low level ○ Increased consumption from internal publisher
Slide 6: Group Financial Highlights Q3
Group Financial Highlights Q3 Net sales up 7% Gross Profit Margin up 4.6pp Comments MSEK Adjusted Margin (excl IAC) Q3 2024 compared with Q3 2023 ● Group net sales increased by 7% to 954 (896) MSEK, or 8% at constant exchange rates ● Adjusted Gross Profit margin up 4.6pp to 45.7% (41.1%) ● Adjusted EB
Slide 7: Streaming Performance Q3 2024
Streaming Performance Q3 2024 10% Increase in Average Subscribers ARPU remain at a high level Comments Average Subscribers (thousands) Q3 2024 compared with Q3 2023 ● Average number of subscribers increased by 222,000 SEK ○ Of which 93,000 in the Nordics ○ Storytel’s Non-Nordics Core markets* increa
Slide 8: Streaming segment
Streaming segment Table is adjusted for IACs Streaming (MSEK) Q3-24 Q3-23 Change, % Jan-Sep 2024 Jan-Sep 2023 Change, % Comments Q3 2024 compared with Q3 2023 Net sales 851.7 809.4 5% 2,498.1 2,298.6 9% Cost of sales -497.3 -489.1 2% -1,457.7 -1,388.6 5% ● Net sales up 5% to 852 (809) MSEK, or Adj.
Slide 9: Publishing segment
Publishing segment Table is adjusted for IACs Comments Publishing (MSEK) Q3-24 Q3-23 Change, % Jan-Sep 2024 Jan-Sep 2023 Change, % Q3 2024 compared with Q3 2023 Net sales 285.0 251.6 13% 793.1 715.7 11% Cost of sales -186.6 -186.9 0% -549.7 -546.3 1% ● Net sales up 13% to 285 (252) MSEK Adj. Gross p
Slide 10: Record-high cash flow generation
Record-high cash flow generation Comments Q3 2024 compared with Q3 2023 MSEK Q3-24 Q2-24 Q1-24 Q4-23 Q3-23 ● Adjustments for non-cash items relate to EBITDA (incl. IAC) 160.6 110.3 50.9 -7.3 96.4 depreciation and amortization, FX Depreciation and amortisation -73.3 -63.5 -74.5 -672.6 -81.4 movements
Slide 11: Solid financial position
Solid financial position MSEK Q3-24 Q2-24 Q1-24 Q4-23 Q3-23 Comments Intangible assets 1,838 1,905 1,939 1,902 2,643 Tangible assets 15 16 17 18 20 ● Cash and cash equivalents were 448 MSEK, increases due to solid cash flow Right-of-use assets 77 62 70 84 98 development. Previous quarter includes a No
Slide 12: Improved leverage ratio
Improved leverage ratio Comments Operational Cash Flow (MSEK) Q3-24 Q2-24 Q1-24 Q4-23 Q3-23 Q3 2024 compared with Q3 2023 EBITDA excluding IAC 178.4 127.5 104.2 97.6 101.0 Operational Capex* -32.5 -40.2 -31.1 -39.2 -35.8 ● Operational Cash Flow significantly improved to 146 (65) MSEK, 15.3% of Operat
Slide 13: Updated guidance for 2024
0.02670146557 Updated guidance for 2024 FY23 YTD 24 Updated 2024 2026 Mid term Result Result FY Guidance financial targets Group revenue 9.0% 9.4% ~8% ~10% growth Adjusted 8.1% 14.8% ~15% >15% EBITDA margin Operational 3.5% 11.0% >10% >10% cash flow* * Operational cash flow = EBITDA excluding items affe
Slide 14: Q&A
storytelovcng ra Kastrup Thane toryteloriing Kaikki kauniit kukat mofibooriginal ANNE LEA LANDSTED MEPMA®POCT DM BERNE em Bacun Mono «ss Anokcangep Cano FoR AVN 1985 | { ‘LINA PUL 4 uo psunja \ oa KLARA TOGO DONKILO th - AGNES VRENGLER ARM MI © mies = © Sarina hulluksi tulemisesta En dokumentirserie