Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group (NENT Group) — Q3 2021 Earnings Presentation
15 slides from Viaplay Group Ab Class A's earnings presentation, 2021
Slide 1: Results presentation Q3 2021
Results presentation Q3 2021 nentgroup.com
Slide 2: Q3 Key highlights
Q3 Key highlights Group organic sales up 10% Viaplay sales up 15% Viaplay subs up 28% to 3,608k including 3,296k Nordic and 313k international subscribers Successful Polish launch and new targets presented at CMD Viaplay Original: Furia
Slide 3: Viaplay performance
Viaplay performance Viaplay subscriber base* (thousands) Comments • 28% YoY subscriber growth with 322k subscribers 3,608 3,287 added QoQ and 795k YoY 3,147 3,020 2,716 2,813 • Successful Polish launch in August with high 2,510 2,272 awareness levels & 3 key distribution agreements • 12.89bn streame
Slide 4: Viaplay Originals
Viaplay Originals 11 +38% 5 titles increase in viewing of of top 10 scripted series premiered Viaplay Originals YoY were Viaplay Originals
Slide 5: New & extended sports rights
New & extended sports rights UEFA EURO 2022 - 2028 2021 - 2023 2024 & 2028 FIFA and UEFA UEFA Nations European Qualifiers League 2021 - 2024 2022 - 2028 2022 - 2028 2021 - 2026 Photo Marco Bertorello AFP
Slide 6: Subscriptions, advertising and studios
Subscriptions, advertising and studios Other subscriptions Advertising Studios & other Other subscription revenues Advertising revenues Studio revenues • Up 1% on organic basis to • Up 10% on organic basis to • Up 118% on organic basis to account for 34% of Group account for 27% of Group account for
Slide 7: Our sustainability priorities
Our sustainability priorities • Current 3 yr strategy & plan has focused on promoting Nordic storytelling and equality, diversity and inclusion • New 5 yr strategy & plan under development - to be launched 2022 • ESG assessments conducted ahead of new market entries Ongoing activities Content and cr
Slide 8: NENT Group 2025 targets
NENT Group 2025 targets Group organic sales growth ~18-20% CAGR 2020-25 ~12 million by end of 2025, Viaplay subscribers of which ~6m in Nordics and ~6m International Nordic organic sales growth ~13-15% CAGR 2020-25 Viaplay Nordics organic sales growth ~23-25% CAGR 2020-25 Nordic EBIT (excl. ACI & IA
Slide 9: Short term outlook
Short term outlook Group organic sales growth ~28% in 2022 Nordic organic sales growth ~20% in 2022 ~6.5 million by end of 2022, Viaplay subscribers of which ~4.3m Nordic and ~2.2m International Nordic EBIT (excl. ACI & IAC) Rising profits with stable margin in 2022 International EBIT Loss of ~1.5bn
Slide 10: The next chapter
The next chapter Viaplay to launch in the US in Q4 2021, Netherlands in Q1 2022 and the UK in the second half 2022 Ambition to premiere 50+ new Viaplay Originals in 2021 and 60+ in 2022 Wide range of multi-year sports rights agreements added or extended across multiple markets Viaplay Original: Clos
Slide 11: Q3 performance summary
Q3 performance summary Comments Sales split Q3 21 • 10% organic sales growth • Operating income before associated company income (ACI) and items affecting comparability 34% 36% (IAC) of SEK 80m (176) including SEK -200m impact of Viaplay International expansion • Operating income of SEK 114m (256) i
Slide 12: Allente update
Allente update SEKm Q321 EBITDA before IAC 348 Depreciation and amortisation -107 EBIT before IAC 241 Items affecting comparability -138 EBIT 103 Net income 67 NENT Group 50% share 33 Net debt position (end of period) 1,648 # of subscribers 1,068k Viaplay Original: Two Sisters
Slide 13: Cash flow and leverage
Cash flow and leverage SEKm Q321 Q320 FY20 FY19 SEKm Q321 Cash flow from operations 265 175 2,200 1,393 LTM EBITDA before IAC 1,280 Change in working capital -986 167 -674 -791 Net debt -1,392 Net operating cash flow -721 343 1,526 602 Net debt / LTM EBITDA before IAC -1.1x CapEx * -55 -30 -147 -176
Slide 14: Q&A
Q&A
Slide 15: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group (NENT Group) — Q3 2021 Earnings Presentation on 6ix