Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A

Modern Times Group Mtg Ab Class A — Q1 2025 Earnings Presentation

12 slides from Modern Times Group Mtg Ab Class A's earnings presentation, Apr 29, 2025

  1. Slide 1: Q1 2025 Conference Call

    Mo April 29, 2025 Q1 2025 Maria Redin, CEO Anton Gourman, VP IR

  2. Slide 2: Strong organic growth of 6% and operating margin of 24% in Q1

    constant currencies 6% organic growth YoY { CONFERENCE CALL Q1 2025 Strong organic growth of 6%, continued UA scaling of key titles and operating margin of 24% in Q1 Net sales 2,557 SEKm Net sales up 77% YoY and up 79% in Adjusted EBITDA Adj. EBITDA up by 56% YoY Adjusted EBITDA margin Free cash flo

  3. Slide 3: Net sales up 79% in constant currencies YoY and 6% organic growth

    CONFERENCE CALL Q1 2025 Mo Net sales up 79% in constant currencies YoY and 6% organic growth Reported revenue’, SEKm Reported revenue!, SEKm LTM © YoY Sales growth 5,970, 5,829 5,949 5,893 6,015 5,421 5537 5,485 5,564 5.646, 1, 1,494 1412 1,458 1357 1,379 1412 1,388 54 2,6472,6972,682 2824 2,891 Q2'

  4. Slide 4: 6% organic growth and consolidation of Plarium amounts to SEK 2,557m

    CONFERENCE CALL Q1 2025 6% organic growth and consolidation of Plarium amounts to SEK 2,557m revenue a Revenue by franchise, SEKm . * . ‘Sequential YoY development ‘> Other smaller franchises Strategy & Simulation developmentat at constant I Racing Hl Word Games 2,557 currencies I Tower Defense MM P

  5. Slide 5: A healthy mix of new games in soft launch and future titles

    CONFERENCE CALL Q1 2025 Meo A healthy mix of new games in soft launch and future titles Sa ©@ Fs Oo ea @ OO00 &. (& Heroes of Matchereek Bloons Soft launch ‘ WorsTsP | Te Match| tute [stirs | and/or early hase scalin % [cme Rone P 9 ita@o2 wolRlo} NEw 8 ca Two Square: (Cryptogram | Of0ssword | WordS

  6. Slide 6: Revenue mix and DAU levels evolve following the consolidation of Plarium

    CONFERENCE CALL Q1 2025 Mo Revenue mix and DAU levels evolve following the consolidation of Plarium, while organic DAU is up, driven by localized Word Games expansion Revenue streams User development —. — IAP Third party publication platforms (Other) — DAU — ARPDAU — IAA % millions SEK 80 76% 10 5.0

  7. Slide 7: Organic UA spend up 26% year over year in constant currencies

    CONFERENCE CALL Q1 2025 Mo Organic UA spend up 26% year over year in constant currencies UA spend development Comments — — Ml UAspend, SEKm * 38% of revenues invested in UA in Q1, up from 36% the same time last 960 year * Increase in absolute term is driven by the consolidation of Plarium from 1 Feb

  8. Slide 8: We deliver healthy operating margin of 24% despite scaled marketing

    CONFERENCE CALL Q1 2025 Mo We deliver healthy operating margin of 24% despite scaled marketing Reported adj. EBITDA’, SEKm Reported adj. EBITDA', SEKm LTM — — Adj. EBITDA margin Adj. EBITDA — CAPEX margin O Asi a i a” @882S 2 fe G12%) 616 1,682 0711 | 6511,666 1,548 449 439 426 397 396 390 1416 1451

  9. Slide 9: Strong cash flows underpin healthy leverage

    CONFERENCE CALL Q1 2025 Mo Strong cash flows underpin healthy leverage Group cash flow statement, SEKm — Q?r25 LTM Q?25 Cash flow from operations! 538 1,738 0.82x 1.66x Taxes paid -214 -658 Financial Leverage ratio® Changes in working capital 140 84 leverage ratio® 5,064 CAPEX -41 114 : Free cash fl

  10. Slide 10: We focus on growth and the successful scaling of new titles

    CONFERENCE CALL Q1 2025 We focus on growth and the successful scaling of new titles Full year 2025 organic sales 3-7% (sales from MTG’s businesses prior to the acquisition of Plarium, in constant currencies) to be within the range of 3% to 7% Full year 2025 total reported adjusted EBITDA margin (inc

  11. Slide 11: Continued strong operational momentum and focus on the benefits from our new scale

    CONFERENCE CALL Q1 2025 Continued strong operational momentum and focus on the benefits from our new scale and expanded commercial toolkit Conclusion Historic milestone quarter as we close transformative acquisition of Plarium and become scaled gaming group * We have already started the work to expl

  12. Slide 12: Q&A

Modern Times Group MTG — Q1 2025 Earnings Presentation on 6ix