Nexxen International Ltd. · NASDAQ:NEXN
Nexxen International — Q1 2024 Earnings Presentation
18 slides from Nexxen International's earnings presentation, May 20, 2024
Slide 1: Nexxen First Quarter 2024 Earnings Call
Nexxen First Quarter 2024 Earnings Call May 20, 2024 © 2024 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 2: Introduction to Speakers & Safe Harbor Statement
Introduction to Speakers & Safe Harbor Statement This presentation has been prepared by Nexxen International Ltd. (the "Company" or "Nexxen"). This presentation and the accompanying oral presentation contain forward-looking statements. These statements may relate to, but are not limited to: statemen
Slide 3: Completed Amobee Integration and Positioned to Accelerate Market Share Gains
Completed Enhanced Rebranded Renewed Nexxen Positioned Amobee Sales & to Innovation to Accelerate Integration Marketing Nexxen Focus Market Share Gains © 2024 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 4: Strengthened and Expanded Major CTV Partnerships
Strengthened and Expanded Major CTV Partnerships Launched and expanded partnerships with LG, Roku, and TCL, giving Nexxen strong relationships with all the world’s major CTV OEMs – a massive value proposition for Nexxen’s TV advertising customers © 2024 Nexxen International. All rights reserved. Con
Slide 5: New Data Partnerships and International TV Data Capabilities Expansion
New Data Partnerships and International TV Data Capabilities Expansion Increased TV Intelligence adoption in UK in Q1 2024 Plan to launch TV Intelligence in other major markets in 2024, including Canada Soon launching ACR data segments with initial partners and in conversations with others about lic
Slide 6: VIDAA Growing Distribution and Global ACR Data Exclusivity
VIDAA’s growing distribution and Nexxen’s global ACR data exclusivity with VIDAA is fueling increasing demand for TV Intelligence and data licensing partnerships # 1 VIDAA’s OS was the fastest- growing major smart TV platform globally in 2023, Surpassed reach of growing shipments +23% >25 million CT
Slide 7: Nexxen Data Platform
Nexxen Data Platform 1. ONBOARDING 2. ASSETS CONTEXTUAL • Nexxen Data Platform launch builds DIRECT UPLOAD and expands upon DMP, Nexxen Discovery, and TV Intelligence assets 3P ACR CLEAN ROOM • Positions Nexxen for more effective ID RESOLUTION data monetization PARTNER ASSETS DATA • Enables high-mar
Slide 8: Recent Business Wins and Industry Recognition
Recent Business Wins and Industry Recognition Generating increased recognition and success winning large multi-solution end-to-end partnerships with industry leaders Major customers consolidating spending and increasing product adoption with Nexxen Stagwell Marketing Cloud clients can Shifted spend
Slide 9: Q1 2024 Financial Results
Q1 2024 Financial $69.7 M $65.6 M $11.9 M 17% Results Contribution ex-TAC Record Q1 Adjusted EBITDA Adjusted EBITDA (+4% y/o/y) Programmatic (+34% y/o/y) Margin* Generated record Q1 Revenue (+5% y/o/y) programmatic revenue, +34% Y/o/Y Adjusted EBITDA growth, and +23% $18.8 M 23% 29% 66% Y/o/Y self-s
Slide 10: Cash Flow, Liquidity, and EPS
Cash Flow, Liquidity, and EPS $37.7 M $144.9 M Net Cash from Operating Net Cash as of 03/31/2024 Activities (Q1 2024) $0.01 ~ $100 M Q1 2024 Non-IFRS Outstanding Long-Term Debt Diluted EPS Repaid ($0 Current LTD) $90 M Company intends to prioritize capital allocation towards share repurchases, inter
Slide 11: Update on Share Repurchase Programs
Update on Share Repurchase Programs • Repurchased ~6.2 M Ordinary Shares in Q1 • Completed $20 Million Ordinary Share repurchase program; repurchased ~7.6 M shares • From March 1, 2022 – April 25, 2024, Nexxen repurchased ~27.1 M shares (~17.5% of shares outstanding) • Launched new $50 Million Ordin
Slide 12: Reaffirming Full Year 2024 Financial Guidance
Reaffirming Full Year 2024 Financial Guidance $340 – $345 M FY 2024 Contribution ex-TAC ~$100 M Adjusted EBITDA 90% 2024 Programmatic Revenue as a % of FY 2024 Revenue • Anticipating sequential CTV revenue growth in Q2 2024 vs. Q1 2024. • Management anticipates data licensing, audio, and CTV revenue
Slide 13: Nexxen is Poised to Accelerate Market Share Gains
Nexxen is Poised to Accelerate Market Share Gains Enhanced self-service tech and data capabilities Robust CTV and data relationships Exclusive data poised for monetization Ideal positioning for identity and privacy changes Renewed product innovation focus Stronger sales and marketing Nexxen’s people
Slide 14: Thank You!
Thank You! © 2024 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 15: Appendix
Appendix © 2024 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 16: IFRS / Non-IFRS Reconciliation: Revenue to Contribution ex-TAC
IFRS / Non-IFRS Reconciliation: Revenue to Contribution ex-TAC Three months ended March 31, 2024 2024 2023 % ($ in thousands) Revenues 74,432 71,737 4% Cost of revenues (exclusive of depreciation and amortization) (14,538) (16,097) Depreciation and amortization attributable to Cost of Revenues (11,7
Slide 17: IFRS / Non-IFRS Reconciliation: Total Comprehensive Loss to Adjusted EBITDA
IFRS / Non-IFRS Reconciliation: Total Comprehensive Loss to Adjusted EBITDA Three months ended March 31, 2024 2024 2023 % ($ in thousands) Total comprehensive loss (7,286) (17,289) 58% Foreign currency translation differences for foreign operation 412 (620) Tax expenses (benefits) (225) 3,461 Financ
Slide 18: IFRS / Non-IFRS Reconciliation: Net Loss to Non-IFRS Net Income (Loss)
IFRS / Non-IFRS Reconciliation: Net Loss to Non-IFRS Net Income (Loss) Three months ended March 31, 2024 2024 2023 % ($ in thousands) Net loss )6,874) (17,909) 62% Amortization of acquired intangibles 7,057 7,643 Stock-based compensation expense 2,634 7,074 Tax effect of Non-IFRS adjustments (1) (1,