Modern Times Group Mtg Ab Class A · OMXSTO:MTG_A
Modern Times Group Mtg Ab Class A — Q4 2015 Earnings Presentation
10 slides from Modern Times Group Mtg Ab Class A's earnings presentation, February 2016
Slide 1: Q4 2015 Financial Results
Slide 2: Record Q4 sales on the back of underlying growth
Record Q4 sales on the back of underlying growth in the broadcasting businesses + addition of new digital businesses that are growing ahead of plan EBIT before NRI down, but would have been up if adjusting for the SEK 80m of negative FX impacts in Q415 Ongoing portfolio review & focus on digital tra
Slide 3: Net sales and EBIT excl one-off items by quarter
5,000 8 600 15 4,500 500 4,000 6 3,500 400 10 3,000 4 2,500 300 2,000 2 200 5 1,500 1,000 0 100 500 0 -2 0 0 2014 2014 2014 2014 2015 2015 2015 2015 2014 2014 2014 2014 2015 2015 2015 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net sales EBIT excl one-off items y-o-y organic sales growth at
Slide 4: FTV Scandi: Higher sales & profits
FTV Scandi: Higher sales & profits Sales up at constant FX Reflecting higher ad prices and AVOD revenues (+28%) + sales cooperation with Viacom Higher sales in Dk & No, lower sales in Se TV ad market estimated up in Dk & No, down in Se Commercial PUT (target group) was down in each market Profits up
Slide 5: PTV Nordic: Higher sales but lower profits
PTV Nordic: Higher sales but lower profits Continued healthy subscriber growth Viaplay had its best ever Q4 intake. Total premium subscriber base up 24k q-o-q, the highest quarterly intake for 6 years Sales up at constant FX Driven by Viaplay which raised prices for the basic package from Oct 2015 &
Slide 6: FTV EM: Sales & profits up
FTV EM: Sales & profits up Sales up at constant FX Strong performance across the board. Bulgaria up 17%, Baltics up 7% and Czech up 7% Sales increased by 9% on an organic basis for the ongoing businesses (Hungary deconsolidated) AVOD sales up 27% Profits up >30% with a 15% margin Clearly demonstrate
Slide 7: PTV EM: Stable organic sales & profits down
PTV EM: Stable organic sales & profits down Completed sale of PTV channels businesses For a total consideration of USD 45.5m EN ETSETEESTES “” 2014 Oct-Dec _ Oct-Dec| Stable organic sales Sales (SEKm) 212 355 Down ona reported basis due to the deconsolidation of Growth (at constant FX) __—=s=s=—=89%
Slide 8: Nice, MTGx, MTG Radio: Sales & costs up
Nice, MTGx, MTG Radio: Sales & costs up Sales and costs were up at constant FX Driven by the digital acquisitions. Radio sales up while 22% of Group sales 2015 2014 Nice down due to fewer corporate events Oct-Dec Oct-Dec| Loss making due to investments ; : ‘ wa . les (SEK 1, 1 Radio and Nice profita
Slide 9: 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 FTV EM. Expect continued underlying growth for the segment with margin expansion Higher costs for new and extended sports righ
Slide 10: www.mtg.com investors@mtg.com
www.mtg.com investors@mtg.com
Modern Times Group MTG — Q4 2015 Earnings Presentation on 6ix