Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — NENT Group — Q1 2022 Earnings Presentation
14 slides from Viaplay Group Ab Class A's earnings presentation, 2022
Slide 1: Results presentation Q1 2022
Results presentation Q1 2022 nentgroup.com
Slide 2: Q1 Key highlights
Q1 Key highlights Viaplay subs up 52% YoY to 4,783k with successful Netherlands launch Viaplay sales up 26% on an organic basis Nordic profits up 29% with international expansion on track Viaplay Original: Sort Of
Slide 3: Viaplay performance
Viaplay performance Viaplay subscribers* (thousands) Comments 6,000 • 52% YoY subscriber growth with 778k subscribers Viaplay Nordics Viaplay international added QoQ and 1,636k YoY 5,000 • 26% YoY organic sales growth to account for 39% 4,000 of Group revenues 3,000 • Successful launch in the Nether
Slide 4: Viaplay Originals
Viaplay Originals 13 26% 6 titles premiered increase in viewing of of top 10 shows were Viaplay Originals YoY Viaplay Originals
Slide 5: New & extended sports rights
New & extended sports rights Dutch Darts FIFA Women's World Masters Cup qualifiers Viaplay and Max Verstappen reveal first original documentary `Verstappen - Lion Unleashed'
Slide 6: Advertising, linear subscriptions and other
Advertising, linear subscriptions and other Linear subscription and other Advertising Linear subscription and other revenues Advertising revenues • Up 3.9% on organic basis to account for • Down 1% on organic basis to account for 34% of Group revenues 26% of Group revenues Comments Comments • ‘Other
Slide 7: Our sustainability priorities
Our sustainability priorities • 2021 Annual & Sustainability Report published • New 5 yr strategy & science-based emission reduction targets launched • Upcoming ESG roadshow and Task Force on Climate-related Financial Disclosures report Content activities & recognition Activities related to the war
Slide 8: Q1 performance summary
Q1 performance summary Comments Sales split Q1 22 • 10% group organic sales growth • 29% increase in Nordic operating income to SEK 256m (199) 34% 39% • SEK -305m (-36) impact of Viaplay International expansion • Operating income before associated company income (ACI) and items affecting comparabili
Slide 9: Allente update
Allente update SEKm Q122 EBITDA before IAC 267 Depreciation and amortisation -109 EBIT before IAC 157 Items affecting comparability -9 EBIT 148 Net income 116 NENT Group 50% share 58 Net debt position (end of period) 2,071 # of subscribers 1,047k Viaplay Original: Kin
Slide 10: Cash flow and leverage
Cash flow and leverage SEKm Q122 Q121 FY21 FY20 SEKm Q122 Cash flow from operations 492 436 1,294 2,200 LTM EBITDA before IAC 772 Change in working capital -1,418 -895 -817 -674 Net debt -1,107 Net operating cash flow -926 -459 477 1,526 Net debt / LTM EBITDA before IAC -1.4x CapEx * -45 -58 -216 -1
Slide 11: NENT Group 2025 targets
NENT Group 2025 targets Group organic sales growth ~18-20% CAGR 2020-25 ~12 million by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~6m International Nordic organic sales growth ~13-15% CAGR 2020-25 Viaplay Nordics organic sales growth ~23-25% CAGR 2020-25 Nordic EBIT (excl. ACI & IA
Slide 12: Short term outlook
Short term outlook Group organic sales growth ~28% in 2022 Nordic organic sales growth ~20% in 2022 ~7.0 million by end of 2022, Viaplay subscribers of which ~4.8m Nordic and ~2.2m International Nordic EBIT (excl. ACI & IAC) Rising profits with stable to slightly lower margin in 2022 vs 2021 Interna
Slide 13: The next chapter
The next chapter NENT Group to rebrand as Viaplay Group in May* Viaplay to launch in the UK in H2 2022 with sports, originals and acquired content 70+ new Viaplay Originals to premiere in 2022 including series, documentaries & films Major new sports rights coming on stream soon including EPL in 3 mo
Slide 14: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds