Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q1 2016 Earnings Presentation
11 slides from Modern Times Group Mtg Ab Class A's earnings presentation, 2016
Slide 1: Q1 2016 Financial Results
Slide 2: Record Q1 sales with an organic growth of 3%
Record Q1 sales with an organic growth of 3% - underlying growth in all business areas EBIT before IAC up despite adverse FX, MTGx investments, additional sports costs Made possible by cost transformation initiatives and the operating leverage in the international entertainment businesses Continued
Slide 3: Group: Record Q1 sales & profits up
Group: Record Q1 sales & profits up Sales (SEKm) and Organic growth (%) 3,000 — 2,500 2,000 Q12015 Q12016 mam Net sales “===y-o-y organic sales growth at constant FX 5% 4% 3% 2% 1% 0% EBIT (SEKm) and EBIT margin (%) Q1 2015 Q1 2016 mmm EBIT excl IAC ===EBIT margin excl IAC r 5% | 4% L 3% “L 2% “Fb 1
Slide 4: Nordic Entertainment
Nordic Entertainment Organic sales up 3% 66% of Group sales 2016 2015] Reflecting rising Viaplay volumes and prices as well Qi Qi as higher AVOD revenues (+33%) Sales (SEKm) 2,577 2,557 Both sub-segments reported higher LFL sales ofw Eree-TV. & Radio 1108 1026 o/w Pay-TV 1,469 1,461 Profits down EBI
Slide 5: Nordic Entertainment
Nordic Entertainment Audience shares — up in Se and No, down in Dk KPI’s 2016 2015] TV ad market estimated to be up in Dk, flat in No, and ai Qi down in Se CSOV (15-49) . . Swed: 30.9% 30.6% Commercial PUT (target group) was down in each ween Norway 19.1% 16.7% market DeMMAK a scsusmnnnnenrannenrnnm
Slide 6: International Entertainment
International Entertainment Sales were up 6% on an organic basis... Very healthy double digit growth in Bulgaria. Partly PES OHMTITE Ee “ow 2018) offset by new agency deal structure in the Czech but i ‘Sh underlying Czech sales were also up nicely. Sales (SEKm) 1G 880 o/w Free-TV & Radio 591 587 AVO
Slide 7: International Entertainment
International Entertainment Audience shares were up in all three markets . ° KPI’s 2016 2015] The Bulgarian and Czech media house audience shares a1 at were both up significantly CSOV The Bulgarian and Czech TV ad markets are estimated Pan-Baltic (18-49) 49.2% 48.8% to have grown, while the Baltic m
Slide 8: MTG Studios
MTG Studios Sales up 9% on an organic basis The demand for scripted drama productions continued to rise MTG’s content distribution business DRG had a record quarter OpEx up but the operating loss was reduced Q1is a seasonally weak sales quarter but the operating loss was reduced significantly compar
Slide 9: MTGx
MTGx Sales up at c. 60% at constant FX vs 2015 pro forma Following strong underlying growth in all businesses 6% of Group sales 2016 . wo, . . Qi Turtle continued to perform well in line with expectations Sales (SEKm) 248 (e) Loss making due to continued expansion, seasonality EBIT (SEKm) -50 5 of a
Slide 10: Cost transformation is developing according to plan
Cost transformation is developing according to plan. Expect incremental savings of c. SEK 450m in 2016 and the rest to be delivered in 2017 Significant operating leverage in International Entertainment. Expect continued underlying growth for the segment with margin expansion Higher costs for new and
Slide 11: www.mtg.com investors@mtg.com
www.mtg.com investors@mtg.com
Modern Times Group MTG — Q1 2016 Earnings Presentation on 6ix