Enad Global 7 Ab · OMXSTO:EG7

Enad Global 7 Ab — Q2 2023 Earnings Presentation

16 slides from Enad Global 7 Ab's earnings presentation, Aug 15, 2023

  1. Slide 1: Investor Presentation Apr-Jun 2023

    I N V E S T O R P R E S E N TAT I O N APR-JUN 2023

  2. Slide 2: Financial Highlights

    Financial Highlights • Q2 2023 • Net Revenue of SEK 483 (463) million, representing 4.3% YoY growth, • Adjusted EBITDA of SEK 113 (84) million, representing 24% margin and 34% growth • Operating cash flow of SEK 54 million • Key takeaways • Results reflect the company’s annual seasonal low but conti

  3. Slide 3: Big Blue Bubble – Sustaining Engagement

    Big Blue Bubble – Sustaining Engagement (MSEK) QUARTERLY 250 218 70,0% 193 65,0% 200 63,4% 60,4% 61,0% 144 59,4% 60,0% • Further growth in Net Revenue and 150 133 116 55,0% EBITDA from the record numbers 52,7% 100 86 50,0% delivered in Q4 2022 43 48 50 23 30 45,0% • Continued strong margins at 60% -

  4. Slide 4: My Singing Monsters – Flattening Decline Curve with Solid Engagement

    My Singing Monsters – Flattening Decline Curve with Solid Engagement (000s) • Almost 6 million new users in Q2 12 000 11 116 • Average DAU of 1.1 million in Q2 10 000 • Continues to demonstrate solid 7 976 engagement and retention trends 8 000 7 022 5 904 • MSM will celebrate its 11-year 6 000 anniv

  5. Slide 5: Operational Highlights – Game Segment

    Operational Highlights – Game Segment • Financial performance highlights • Net Revenue of SEK 369 million, representing 37% growth and 33% FX neutral organic growth • Adjusted EBITDA of SEK 127 million, 78% growth and 34% margin • Summary commentary • MSM was once again the key driver for Game Segme

  6. Slide 6: Operational Highlights – Service Segment

    Operational Highlights – Service Segment • Key figures • Net Revenue of SEK 114 million, representing 41% decline YoY • Adjusted EBITDA of SEK -6 million, generating a 5% negative margin • Summary commentary • Overall softer results for the period due to the smaller pipelines of: • Third party produ

  7. Slide 7: Q2 2023 Financial Discussion

    Q2 2023 FINANCIAL DISCUSSION

  8. Slide 8: Net Revenue and Adjusted EBITDA

    Net Revenue and Adjusted EBITDA MSEK Q UA RT E R LY LT M 700 100% 2 500 100% 572 90% 90% 600 559 2 038 2 058 80% 2 000 1 866 80% 483 1 806 500 463 70% 1 716 444 70% 60% 1 500 60% 400 50% 50% 300 40% 1 000 40% 33% 28% 29% 32% 30% 26% 200 21% 22% 30% 25% 179 190 23% 595 20% 483 566 18% 500 20% 100 113

  9. Slide 9: Net Revenue by Segment

    Net Revenue by Segment MSEK QUARTERLY NET REVENUE LTM NET REVENUE 575 496 136 97 622 114 708 754 1 304 1 374 192 150 1 122 876 952 422,6 475,1 1 243 1 463 1 562 270 295 369 1 007 1 052 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 Game Service Game Service Sustainable Revenue QUARTERLY NET REVEN

  10. Slide 10: Game Segment – Net Revenue and Adjusted EBITDA Mix

    Game Segment – Net Revenue and Adjusted EBITDA Mix QUARTERLY MSEK 500 475 100% Q2 Net Revenue Contribution 450 423 90% Daybreak 190 51% 400 369 80% Big Blue Bubble 144 39% 350 70% 295 Piranha 24 7% 300 270 60% Toadman & AMG 11 3% 250 41% 50% 40% 34% Game Segment total 369 100% 200 34% 40% 26% 168 19

  11. Slide 11: Service Segment – Net Revenue and Adjusted EBITDA Mix

    Service Segment – Net Revenue and Adjusted EBITDA Mix MSEK QUARTERLY 250 100% Q2 Net Revenue Contribution 192 Fireshine 78 68% 200 80% 150 Petrol 36 32% 150 136 60% 114 Service Segment total 114 100% 97 100 40% Q2 Adj EBITDA Contribution 50 14% 13% 20% Fireshine 3 50% 10% 8% 26 19 14 8 -5% Petrol -9

  12. Slide 12: Strong balance sheet

    Net Debt to EBITDA Ratio and Cash MSEK 800 654 0,3 600 493 499 453 454 381 408 Q2 cash flow 400 187 Cash OB 453 200 111 93 Operation +54 88 Investing -68 - Financing -7 - 0,4 Currency fluctuations in liquidity +22 - 200 - 0,5 - 155 Delta Cash +1 - 220 - 400 -0,61 Cash CB 454 -0,64 - 365 - 361 - 600

  13. Slide 13: Figures in Perspective

    Figures in Perspective LT M 2 500 100% 1 866 2 038 2 058 90% Based on the continued trends 2 000 1 806 80% 1 716 70% we repeat our guidance 1 500 60% 50% • Expect Net Revenue of SEK 2.2 billion for 1 000 40% the full year 2023 28% 29% 26% 21% 22% 30% 595 500 483 566 20% • With EBITDA margin in the r

  14. Slide 14: Summary

    S U M M A RY

  15. Slide 15: Summary Remarks

    Summary Remarks • Consistently delivering growth and solid profits • My Singing Monsters delivers again above expectations • Prioritizing building the foundation for long-term sustainable growth and shareholder value creation • Excited to host our first capital markets day on the 20th of September w

  16. Slide 16: Q&A

    Q&A

Enad Global 7 — Q2 2023 Earnings Presentation on 6ix