Slide 1: FY and Q4 2024 Interim financial results presentation
FY and Q4 2024 Interim financial results presentation 27 February 2025
Slide 2: Disclaimer
Disclaimer The following disclaimer applies to this document, any oral or video presentation of the information in this document by Azerion Group N.V. (“Azerion Group”) or any person on behalf of Azerion Group and any question-and-answer session that follows the oral or video presentation (collectiv
Slide 3: Forward-looking statement
Forward-looking statement The Information includes statements, including Azerion Group's financial and operational objectives that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the te
Slide 4: Increasing profitability through scale, integrations and synergies
Increasing profitability through scale, integrations and synergies REVENUE ADJ. EBITDA REVENUE ADJ. EBITDA FY 2024 FY 2024 Q4 2024 Q4 2024 ~€551M ~€75M ~€168M ~€30M YoY +13%1 YoY +21%1 YoY -2% YoY +14% 1. Excluding the divested social card games portfolio. Azerion completed the sale of its social ca
Slide 5: Highlights of Q4 and FY 2024
Highlights of Q4 and FY 2024 Focus on profitability Q4 2024 Adjusted EBITDA up 14% YoY and Q4 Operating Profit up 16% FY 2024 Adjusted EBITDA up 21% Year on Year with Operating profit up 71%1 Strong Platform segment growth Q4 2024 Platform Segment Adjusted EBITDA up 15% YoY and Q4 Operating Profit u
Slide 6: Q4 & FY 2024 Financial Highlights
Q4 & FY 2024 Financial Highlights
Slide 7: Q4 & FY 2024 Group Financial Highlights
Q4 & FY 2024 Group Financial Highlights Group Q4 2024 Performance €m Group FY 2024 Performance1 €m -2% Q4 '23 Q4 '24 FY 23 FY 24 +13% 551.2 171.8 168.0 486.7 +14% +21% 26.4 30.1 75.1 62.2 Revenue Adjusted EBITDA Revenue Adjusted EBITDA 1. Excluding the divested social card games portfolio. Azerion c
Slide 8: Platform performance
Platform performance Financial performance revenue €m Ads sold (in Bn) 14.1 13.9 Avg. Monthly Digital Ads Sold Advertising Platform AAA Game Distribution 497 12.6 12.1 11.9 437 85.0 88.8 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 158 153 412.3 Avg. Gross Revenue per Million Ad Request 348.6 31.7 26.9 € 34.5
Slide 9: Premium Games performance
Premium Games performance Financial performance revenue €m1 DAUs 255 251 253 239 53.9 227 49.3 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 ARPDAU € 0.57 € 0.59 € 0.53 € 0.47 € 0.42 14.1 14.8 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Avg. Time in Game 95 Q4 '23 Q4 '24 FY '23 FY '24 89 87 Adj. EBITDA €m1 82 85 3.6 3.
Slide 10: Improved operating performance
Improved operating performance 180 1900 167 160 1800 152 143 1700 140 126 1600 117 120 100 1500 96 100 93 1400 76 78 80 73 74 1300 60 1200 40 1100 20 1000 - 900 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Revenue per FTE €'000 FTEs
Slide 11: Cost Base Development
Cost Base Development Personnel expenses Other expenses Costs of services and materials Revenue Opex % of revenues 551 36% 515 453 29% 27% 26% 25% 308 286 332 23% 377 195 €m 173 187 54 125 37 41 118 33 17 107 99 86 17 55 29 33 2019 2020 2021 2022 2023 2024 Note: 1) 2022 other expenses adjusted for n
Slide 12: Financial Framework
Financial Framework Group FY Performance1 €m 2024 Net Cash Flow 2024 Net interest bearing debt* Revenue Adjusted EBITDA 551.2 486.7 62.2 75.1 FY 23 FY 24 Cash at Cash at Interest Cash and Net Interest Operating Investing Financing beg. end of Bearing Cash Bearing Activities Activities Activities Exc
Slide 13: Q4 & FY 2024 Strategy Update
Q4 & FY 2024 Strategy Update
Slide 14: AI and Multicloud investments
AI and Multicloud investments Added Huawei as cloud partner alongside AWS and Google in our Azerion multi-cloud setup making us more independent of single cloud vendors and decreasing our total cost of ownership. Migration of Eniro to the Azerion Multi-cloud bringing them higher quality, lower laten
Slide 15: Outlook and Business update
Outlook and Business update FY 2025 and Medium-Term Guidance €m Revenue 2025 in the range of approximately € 600 million to € 650 million annual growth thereafter in the medium term expected to be approximately 10% 600 - 551 650 Adjusted EBITDA for full year 2025 is expected to be at least 453 515 a
Slide 16: Q&A
Q&A