Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Q3 2022 Earnings Presentation
15 slides from Viaplay Group Ab Class A's earnings presentation, 2022
Slide 1: Results Presentation Q3 2022
Results Presentation Q3 2022
Slide 2: Q3 Key highlights
Q3 Key highlights 2 Q3 2022 RESULTS PRESENTATION
Slide 3: Q3 Group performance summary
Q3 Group performance summary Comments • 25% group organic sales growth • 11% decrease in Nordic operating income to SEK 248m (280) 32% • SEK -419m (-200) impact of Viaplay 47% International expansion • Operating income before associated company income (ACI) and items affecting comparability (IAC) of
Slide 4: Viaplay performance
Viaplay performance Comments • 78% YoY subscriber growth with 879k subscribers added QoQ and 2,820k YoY • Reached milestone of >1m subscribers in both Poland and the Netherlands – price up in the Netherlands with Poland to follow in Q1 23 • Slower D2C sales in Nordics but also lower churn – price up
Slide 5: Linear subscription & other and advertising
Linear subscription & other and advertising Linear subscription and other revenues Advertising revenues • Up 9% on organic basis to account for 32% of • Down 3% on organic basis to account for 21% Group revenues of Group revenues Comments Comments • Higher wholesale and studios revenues offset • TV
Slide 6: Viaplay Originals
Viaplay Originals 6 Q3 2022 RESULTS PRESENTATION
Slide 7: New & extended sports rights & partnerships
New & extended sports rights & partnerships 7 Q3 2022 RESULTS PRESENTATION
Slide 8: Our sustainability priorities
Our sustainability priorities • Successful collaboration with Nordic producers' • Further strengthened whistleblowing procedures by associations to provide training and raise awareness introducing independent reporting system managed by about climate-friendly production practices 3rd party - aligned
Slide 9: Allente update
Allente update EBITDA before IAC 312 Depreciation and amortisation -108 EBIT before IAC 205 Items affecting comparability -5 EBIT 200 Net income 143 Comments Viaplay Group 50% share 71 Net debt position (end of period) 1,797 • Viaplay Group received SEK 100m dividend in Q3 & expects to receive SEK 2
Slide 10: Cash flow & Cash position
Cash flow & Cash position Cash flow from operations -167 265 1,294 Total borrowings 3,400 Change in working capital -1,915 -986 -817 Cash & cash equivalents 3,165 Net operating cash flow -2,082 -721 477 Net debt (including net lease liabilities) 546 Capital expenditure* -45 -55 -216 Net debt / LTM E
Slide 11: Previous long-term targets
Previous long-term targets Group organic sales growth1) ~18-20% CAGR 2020-2025 Nordic organic sales growth1) ~13-15% CAGR 2020-2025 Viaplay Nordics organic sales growth ~23-25% CAGR 2020-2025 ~12 million by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~6m International Nordic EBIT (e
Slide 12: Updated long-term targets
Updated long-term targets Group sales growth1) ~16-19% CAGR 2020-2025 Nordic sales growth1) ~10-12% CAGR 2020-2025 Viaplay subscribers ~12 million by end of 2025 ~13% margin for 2025 with positive result for Group EBIT (excluding ACI & IAC) International operations already in 2024, ~20% long- term m
Slide 13: Short-term outlook
Short-term outlook 2022 Group organic sales growth ~20% (compared to ‘at least 28%’ previously) 2022 Nordic organic sales growth ~10% (compared to ‘~20%’ previously) ~7.3 million, of which ~4.6m Nordic and ~2.7m Viaplay subscribers at end of 2022 International (compared to ‘4.8m Nordic and 2.5m Inte
Slide 14: Next chapter
Next chapter 14 Q3 2022 RESULTS PRESENTATION
Slide 15: investors@viaplaygroup.com
investors@viaplaygroup.com This interim report contains statements concerning, among other things, Viaplay Group's financial condition and results of operations that are forward-looking in nature. Such statements are not historical facts but, rather, represent Viaplay Group's future expectations. Vi