Acast Ab · OMXSTO:ACAST

Acast Ab — Q3 2024 Earnings Presentation

27 slides from Acast Ab's earnings presentation, Nov 5, 2024

  1. Slide 1: Interim Report Jan - Sep 2024

    Nov 2024 Jan - Sep 2024 Interim Report

  2. Slide 2: Hello! We're Acast

    Hello! We’re Acast

  3. Slide 3: In the "Room"

    In the “Room” Ross Adams Emily Villatte CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER & DEPUTY CEO

  4. Slide 4: Uniquely positioned at the center of the podcasting value chain

    More than More than 135,000 1BN shows listens/quarter Creator payouts MONETIZE CONSUME EVERYWHERE >USD410m GROW YOUR ACCESS HIGH AUDIENCE QUALITY CONTENT Uniquely positioned REACH YOUR LISTENERS SUPPORT YOUR FAVORITE PODCAST at the center of the podcasting value chain Data on 4M EMPLOY ADVANCED ACCE

  5. Slide 5: Big Shows, Massive Impact / Niche Shows, Engaged Audiences at Scale

    Big Shows, Niche Shows, Massive Impact Engaged Audiences at Scale

  6. Slide 6: The Acast Difference

    The Acast Difference PODCAST PIONEERS UNMATCHED SCALE & INNOVATION We created the commercial podcast EXCLUSIVITY LEADERS market. We use data and relationships to 135K shows exclusive to Acast, First to market with contextual matchmake the right advertisers and reaching unduplicated audiences targeti

  7. Slide 7: CEO Update

    1 CEO Update

  8. Slide 8: Financial highlights Q3 2024 Profitable growth

    Financial highlights Q3 2024 12% 40% 3% NET SALES GROSS EBITDA GROWTH MARGIN MARGIN Profitable growth 8

  9. Slide 9: The industry's most innovative ad targeting

    The industry’s most innovative ad targeting Predictive Conversational Collections+ Demographics Targeting

  10. Slide 10: Clean and uncluttered ad environment

    Clean and uncluttered ad environment Acast 4 ads/breaks - 4 minutes average per hour Commercial Radio 60-70 commercial messages per hour - 15 minutes per hour Excl Live Reads (average 1 minute) 10

  11. Slide 11: Growing omnichannel interest

    Growing omnichannel interest 11

  12. Slide 12: Financials

    2 Financials

  13. Slide 13: ARPL grew 31% Y/Y

    ARPL grew 31% Y/Y Listens (m) Quarterly Listens and Average Revenue Per Listen ● Listens down 15% Y/Y due to iOS17 rollout ● ARPL continues to develop favourably ● ARPL increased by 31% compared to last year Note: Number of listens based on Acast´s IAB 2.0 certified measurement. A listen is defined as

  14. Slide 14: 12% net sales growth

    12% net sales growth Net Sales YoY (SEKm) Quarterly Net Sales (SEKm) +12% ● Organic net sales growth of 14% when adjusting for FX ● Growth driven by North America and Other markets segments 14

  15. Slide 15: Gross margin at 40%

    Gross margin at 40% Gross Profit (SEKm) Quarterly Gross Profit (SEKm) Ex- 31% re-v al 39% ● The gross profit increased by 31% compared to Q3 23 ● The positive development is driven by a favourable product mix and efficient ● Record high gross margin at 40% yield management 15

  16. Slide 16: Profitability gains across all segments

    Profitability gains across all segments Europe North America Other Markets Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) +3% +29% +20% Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) ● More moderate growth at 3% Y/Y, reflecting varied ● Continued strong per

  17. Slide 17: Continued cost discipline

    Continued cost discipline Other Operating Expenses (SEKm) Quarterly Other Operating Expenses (SEKm) 199 190 ● Other operating expenses (incl. D&A) increased by 5% Y/Y ● Total staffing (FTE+FTC) as at end Q3 24 amounted to 387 ● Continued measured investments primarily in North America 17

  18. Slide 18: Profitable growth

    Profitable growth Quarterly Adj. EBITDA (SEKm) Adj. EBITDA LTM* (SEKm) ● Positive EBITDA of SEK16m ● Break-even on an adjusted EBITDA LTM basis by Q3 24 ● EBITDA margin improvement of 9%-p, driven by continued sales growth, higher ● Remain on track towards EBITDA profitability in full year 2024 gross

  19. Slide 19: Operating cash flow continues upward LTM trend

    Operating cash flow continues upward LTM trend Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) ● Operating cash flow of SEK -4 m, including working capital changes of SEK -30 m ● Robust cash position at SEK 676 m per 30 September, 2024 *Last Twelve Months 19

  20. Slide 20: Wrap-Up

    3 Wrap-Up

  21. Slide 21: Acast stands strong as the leading player in podcasting

    Acast stands strong as the leading player in podcasting 21

  22. Slide 22: Q&A

    4 Q&A

  23. Slide 23: Follow us on

    Follow us on Investors.acast.com/subscribe Acast.com/blog Shows.acast.com/acast-financial-reporting Feb 12 Year-end report for the period January 1 - December 31, 2024 23

  24. Slide 24: For The Stories.

    For The Stories.

  25. Slide 25: Appendix: Financial KPIs

    Appendix Financia ial KPIs

  26. Slide 26: Group financial KPIs and alternative performance measures

    Group financial KPIs and alternative performance measures 2024 2028 2024 2023 2023 2023 2023 2022 2022 2023 2022 ‘SEK thousand (unless stated otherwise) 93 Q2 Qu ee Q3 Q2 Qi Qa CE Jan-Dec Jan-Dec Net Sales 475,375 477905 «412,886 494,225 424,549 386,301 932,297 454,297 «321,950 1,626,371 1,390,266 C

  27. Slide 27: For The Stories.

    For The Stories.

Acast — Q3 2024 Earnings Presentation on 6ix