Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group (NENT Group) — Q2 2020 Earnings Presentation
13 slides from Viaplay Group Ab Class A's earnings presentation, 2020
Slide 1: Results presentation Q2 2020
Results presentation Q2 2020 nentgroup.com
Slide 2: Q2 – three key takeaways
Q2 – three key takeaways 1. We are well set-up to succeed 2. Our investments in Viaplay are yielding results 3. We are ready to expand Viaplay internationally 2
Slide 3: Viaplay performance
3 Viaplay performance Viaplay subscriber base*, thousands Comments c. 2.9m • 206k paying Viaplay subscribers added QoQ and base 2,716 grew 29% YoY 2,510 2,272 • Accounted for 30% of Group revenues 2,039 2,111 2,151 • Revenues down 4% due to temporarily lower sport package prices that are now back to
Slide 4: Viaplay Originals
Viaplay Originals 8 >40% 3 of the top 5 titles increase in viewing of shows on Viaplay were 8premiered titles premiered Q120 Viaplay Originals Viaplay Originals ~30 titles to be premiered in 2020 4
Slide 5: Subscriptions, advertising and studios
Subscriptions, advertising and studios Other subscriptions Advertising Studios Other subscription revenues Advertising revenues Studio revenues • Down 34% in Q2 and accounted • Down 30% in Q2 and accounted • Down 57% in Q2 and accounted for 39% of Group revenues for 28% of Group revenues for 2% of G
Slide 6: Allente – great strategic value
Allente – great strategic value 1. Substantial cost synergies 2. Opportunity to upsell Viaplay and V-channels to Canal Digital 3. Foundation for scaling up Norwegian presence 6
Slide 7: The bigger picture
The bigger picture Our strategy to focus on streaming is more relevant than ever before Our intention is to enter all 3 Baltic markets in Q1 next year Our vision is to enter more than 15 markets in the next 5 plus years 7
Slide 8: Q2 performance summary
Q2 performance summary Comments Sales split Q220 Organic growth down 13% due to COVID-19 impacts EBIT before associated company and IAC down from Other subscription SEK 432m to 156m and reflected Viaplay • Lower advertising and sports subscription revenues 30% • Deconsolidation of Viasat Broadcastin
Slide 9: Allente performance summary
Allente performance summary Comments May-June performance Sales for the May-June period of SEK 1,127m • Impacted by lower sports package prices, which are now May-Jun back to normal levels (SEKm) 2020 Net sales 1,127 • Also impacted by NOK depreciation and 47k net subscriber loss since end of 2019 E
Slide 10: Cash flow and leverage
Cash flow and leverage SEKm Q220 Q219 H120 H119 FY19 SEKm Q220 Cash flow from operations 147 391 394 634 1,393 LTM EBITDA before IAC 1,581 Change in working capital 673 237 -121 -165 -791 Net debt 4,189 Net operating cash flow 820 628 273 469 602 Net debt / LTM EBITDA before IAC 2.6x CapEx * -34 -45
Slide 11: Business outlook for 2020
Business outlook for 2020 outlook profitable growth withdrawn for 2020 (in connection to Q1 results) Viaplay net subscriber intake approx. 600 thousand (upgraded from 400k in June) cost savings from 2019 program approx. SEK 200m will impact 2020 cost savings from 2020 program approx. SEK 700m with f
Slide 12: Our investor proposition
Our investor proposition a unique play on the Nordic streaming market a Nordic content champion with global appeal a successful track record & a winning team a clear capital allocation strategy 12
Slide 13: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group (NENT Group) — Q2 2020 Earnings Presentation on 6ix