Storytel Ab Class B · OMXSTO:STORY_B
Storytel Ab Class B — Q4 2024 Earnings Presentation
14 slides from Storytel Ab Class B's earnings presentation, Feb 12, 2025
Slide 1: Year-end report Fourth quarter 2024
Year-end report Fourth quarter 2024 February 12, 2025 PRESENTATIO N TITLE
Slide 2: Today's presenters
Today’s presenters Bodil Eriksson Torp Peter Messner CEO CFO Yea r-end re port four th qua rte r 2 024
Slide 3: Strong fourth quarter concludes impressive 2024 performance
“The strong fourth quarter concludes Storytel Group’s impressive financial performance in 2024 as the company successfully continued executing its profitable growth strategy” Yea r-end re port four th qua rte r 2 024
Slide 4: Operational Highlights in Q4 2024
Operational Highlights in Q4 2024 ● Revenue exceeding one billion SEK for the first time in a single quarter ● Profitability improvements as a result of the continued, disciplined strategy execution ○ 11% subscriber growth, above 2.4 million average paying subscribers ○ ARPU remained at a high level
Slide 5: Group Financial Highlights Q4
Group Financial Highlights Q4 Comments Q4 2024 compared with Q4 2023 Net sales up 9% Gross Profit Margin up 7.2 pp MSEK Adju sted Margin (excl IAC) ● Highest level of revenue in a single quarter so far ● Driven by a solid development in both Streaming and particularly in the Publishing segment ● Sub
Slide 6: Streaming Performance Q4 2024
Streaming Performance Q4 2024 Comments Q4 2024 compared with Q4 2023 11% Increase in Average Subscribers ARPU remain at a high level Averag e S ubscrib ers (thou san ds) ● Average number of subscribers increased by 240,000, up 11% ○ Of which 96,000 in the Nordics SEK ○ Storytel’s Non-Nordics Core ma
Slide 7: Streaming segment
Streaming segment Comments Q4 2024 compared with Q4 2023 Table is ad justed for IA Cs Streaming (MSEK) Q4-24 Q4-23 Change, % Jan-Dec 2024 Jan-Dec 2023 Change, % Net sales 878.8 823.0 7% 3,376.9 3,121.6 8% ● Net sales up 7% to 879 (823) Cost of sales -501.5 -482.1 4% -1,959.2 -1,870.7 5% MSEK, or 6%
Slide 8: Publishing segment
Publishing segment Table is ad justed for IA Cs Comments Q4 2024 compared with Q4 2023 Publishing (MSEK) Q4-24 Q4-23 Change, % Jan-Dec 2024 Jan-Dec 2023 Change, % Net sales 331.9 287.8 15% 1,125.1 1,003.5 12% ● Net sales up 15% to 332 (288) Cost of sales -219.6 -239.3 -8% -769.3 -785.6 -2% MSEK Adj.
Slide 9: Record-high cash flow generation
Record-high cash flow generation Comments Q4 2024 compared with Q4 2023 MSEK Q4-24 Q3-24 Q2-24 Q1-24 Q4-23 Adjustments for non-cash items relate to depreciation and amortization, FX movements EBITDA (incl. IAC) 222.7 160.6 110.3 50.9 -7.3 and changes in provisions Depreciation and amortisation -86.8
Slide 10: Strong financial position
Strong financial position MSEK Q4-24 Q3-24 Q2-24 Q1-24 Q4-23 Comments Intangible assets 1,994 1,838 1,905 1,939 1,902 Tangible assets 14 15 16 17 18 ● Cash and cash equivalents were Right-of-use assets 71 77 62 70 84 623 MSEK, increased due to the Non-current financial assets 68 69 70 66 76 strong c
Slide 11: Heavily improved leverage ratio
Heavily improved leverage ratio Comments Q4 2024 compared with Q4 2023 Operational Cash Flow (MSEK) Q4-24 Q3-24 Q2-24 Q1-24 Q4-23 EBITDA excluding IAC 191.6 178.4 127.5 104.2 97.6 ● Operational Cash Flow significantly Operational Capex* -38.4 -32.5 -40.2 -31.1 -39.2 improved to 153 (58) MSEK, 14.9%
Slide 12: Beating our full year guidance for 2024
0.02670146557 Beating our full year guidance for 2024 Updated 2024 2024 2026 Mid term FY Guidance Actual financial targets Group revenue ~8% 9% ~10% growth Adjusted EBITDA margin ~15% 15.8% >15% Operational >10% 12.1% >10% cash flow* Yea r-end re port four th qua rte r 2 024 * Operational cash flow
Slide 13: Way forward
Way forward … ● The strong momentum throughout the year continued into the fourth quarter - making a robust foundation for 2025 ● Pioneering AI with the fully AI-developed audiobook New Horizon and expanded Voice Switcher offering in multiple languages ● Executing on content strategy - acquisition o
Slide 14: Q&A
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