Embracer Group Ab Class B · OMXSTO:EMBRAC_B
Embracer Group Ab Class B — Q4 2024 Earnings Presentation
23 slides from Embracer Group Ab Class B's earnings presentation, May 23, 2024
Slide 1: Q4 Embracer Group Year-End Report April 2024 – March 2025
Q4 FY 2024/25 EMBRACER GROUP YEAR-END REPORT APRIL 2024 – MARCH 2025
Slide 2: Disclaimer
Q4 & YEAR-END REPORT FY 2024/25 Disclaimer IMPORTANT INFORMATION – PLEASE READ THE FOLLOWING BEFORE CONTINUING READING express or implied, is made by the Company or any of its affiliates, directors, advisors, employees and representatives as to the accuracy, completeness or verification of any infor
Slide 3: Q4 FY 2024/25 Highlights
HIGHLIGHTS FROM Q4 & YEAR-END REPORT FY 2024/25 Q4 & Year-End Report FY 2024/25 Q4 FY 2024/25 Highlights Net Sales Group YOY GROWTH Solid organic growth and earnings development driven by Kingdom Come: SEK 5,386m - 6 % 19 % PRO FORMA Deliverance II Adjusted EBIT YOY GROWTH Solid slate of exciting ne
Slide 4: Operating segments
® =) a) ie! Operating segments * \ 5
Slide 5: PC/Console Games
PC/Console Games NET SALES REVENUE SPLIT SEK million & ADJUSTED EBIT MARGIN BACK CATALOG SALES | SEK million TOP 10 BACK CATALOG 4,500 2,500 NET SALES 100% 4,000 3,069 90% 3,500 80% 2,000 3,000 70% 60% 1,500 2,500 50% 2,000 40% 1,000 1,500 34% 30% 1,000 500 16% ADJ. EBIT 20% 500 10% 1,029 10% 0 0% 0
Slide 6: PC/Console Games: Project ROI
PC/Console Games PROJECT ROI (CONTRIBUTION/INVESTMENT) DETAILS 14.0 > 50 Average title project data: Sales SEK 292 million, • Based on reported numbers until Contribution SEK 204 million and March 31, 2025 Investment SEK 100 million 12.0 • Sample includes projects with sales SEK 29.4 bn and/or inves
Slide 7: Investments and completed game development
PC/Console Games Investments and completed game development INVESTMENTS AND COMPLETED GAME DEVELOPMENT* | SEK million 1,800 3.5x 3.3x 1,600 1,633 3.0x 1,400 2.8x 1,382 2.5x 1,200 2.1x 1,000 1.9x 2.0x 1.9x 1.8x 974 800 1.5x 1.5x 1.4x 718 704 600 1.0x 501 400 0.7x 0.5x 200 0 0.0x Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 8: Solid pipeline for FY 2025/26 and beyond
PC/Console Games Solid pipeline for FY 2025/26 and beyond Notable announced upcoming releases including 2 AAA titles EARLY ACCESS 1.0 Source: as of March 31, 2025 | Release slates can be subject to change, and will in this case be communicated through their respective publisher | Assets not placed i
Slide 9: Mobile Games
Mobile Games NET SALES SEK million & ADJUSTED EBIT MARGIN DAILY ACTIVE USERS & MONTHLY ACTIVE USERS NET SALES DRIVERS 1,800 70% 350 million 80 BUS FRENZY – TRAFIC JAM 300 316 70 1,500 ADJ. EBIT 60% 91 250 60 1,366 50% 1,200 1,317 GLOW: FASHION IDOL 229 50 38% 200 222 40% 900 943 40 30% 150 34 600 25
Slide 10: Entertainment & Services
Entertainment & Services NET SALES SEK million & ADJUSTED EBIT MARGIN 3,500 40% 3,000 35% 30% 2,500 ADJ. EBIT 25% 2,000 32 20% 1,500 15% 16% 15% 1,487 12% 1,000 1,265 9% 1,373 10% 4% 4% 5% 500 2% 2% -2% 0% 0 -5% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 22/23 FY 23/24 FY 24/25 Net Sales Adjusted EBIT Margin, %
Slide 11: Comments on FY 2025/26 and beyond
OPERATING SEGMENTS Comments on FY 2025/26 and beyond Q1 FY 2025/26 PC/Console: stable Adjusted EBIT YoY, with <10% of the completed games development in FY 2025/26 Mobile: limited topline growth YoY on a pro forma basis, with a somewhat higher pro forma Adjusted EBIT contribution sequentially co
Slide 12: Financial performance
2. Financial performance
Slide 13: Financial development
FINANCIAL PERFORMANCE Financial development NET SALES & GROSS MARGIN DEVELOPMENT | SEK million DEVELOPMENT OF MARKETING EXPENSES | SEK million 9,000 85% 1,200 45% 74% 75% 75% 40% 7,500 68% 1,000 65% 35% 6,000 800 6,282 55% 30% 5,757 268 243 5,386 45% 25% 4,500 600 35% 90 20% 3,000 400 15% 13% 25% 15
Slide 14: Cash flow and net debt
FINANCIAL PERFORMANCE Cash flow and net debt FY24/25 FY23/24 FY 24/25 FY 23/24 Mar. 31, Mar. 31, SEKm SEKm Q4 Q4 Full Year Full Year 2025 2024 Adjusted EBITDA 1,952 2,007 6,753 8,932 Cash 7,097 3,507 Cash Tax -95 -99 -705 -609 Current investments 0 0 Other items -279 -380 -846 -1,326 Current liabili
Slide 15: Adjusted EBIT Bridge
FINANCIAL PERFORMANCE Adjusted EBIT Bridge Items not SEK, million IFRS expense affecting Cash Items affecting 1 Net gains primarily related to divestment of Easybrain reported Cash Flow Flow Specification of items affecting comparability 2 Impairment of acquired IP rights Net gains from divestments
Slide 16: 3.
3.
Slide 17: "Coffee Stain & Friends" becomes Coffee Stain Group
EMBRACER TO SPIN OFF COFFEE STAIN GROUP – REMAINING BUSINESS TO BE RENAMED FELLOWSHIP ENTERTAINMENT “Coffee Stain & Friends” becomes Coffee Stain Group Coffee Stain Group A group of over 250 passionate game developers and publishers, focused on delivering high quality experiences Long-term opportuni
Slide 18: "Middle-earth & Friends" becomes Fellowship Entertainment
EMBRACER TO SPIN OFF COFFEE STAIN GROUP – REMAINING BUSINESS TO BE RENAMED FELLOWSHIP ENTERTAINMENT “Middle-earth & Friends” becomes Fellowship Entertainment Fellowship Entertainment Fellowship Entertainment will be uniting top creators and intellectual properties, fostering creativity to build unfo
Slide 19: Pro forma financials
EMBRACER TO SPIN OFF COFFEE STAIN GROUP – REMAINING BUSINESS TO BE RENAMED FELLOWSHIP ENTERTAINMENT Pro forma financials Coffee Stain Group Fellowship Entertainment Embracer Group1 SEK, million FY FY FY FY FY FY 23/24 24/25 23/24 24/25 23/24 24/25 Net sales 1,084 1,089 20,403 18,171 21,488 19,260 Ad
Slide 20: Q&A
Q&A Until ~10:00 CEST
Slide 21: Appendix
4. Appendix
Slide 22: Pro forma financials | Mobile Games
APPENDIX Pro forma financials | Mobile Games SEK million Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY 22/23 FY 23/24 FY 24/25 FY 22/23 FY 23/24 FY 23/24 FY 23/24 FY 23/24 FY 24/25 FY 24/25 FY 24/25 FY 24/25 Net sales 677 687 667 691 569 595 576 733 736 2,795 2,613 2,640 Adjusted EBITDA 133 142 148 170 136 159 117
Slide 23: Embracer Group
EMBRACER* GROUP