Slide 1: Interim Report Jan-Mar 2024
Interim Report Jan-Mar 2024 7 May 2024 www.acast.com
Slide 2: Hello! We're Acast.
| Hello! We’re Acast. in ®
Slide 3: In The Room
In The “Room” Ross Adams Emily Villatte CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER & DEPUTY CEO 3 3
Slide 4: Uniquely positioned at the center of the podcasting value chain
Nearly More than 125,000 1BN shows listens/quarter CONSUME MONETIZE EVERYWHERE GROW YOUR ACCESS AUDIENCE HIGH-QUALITY CONTENT Uniquely positioned REACH YOUR SUPPORT YOUR FAVORITE at the center of the LISTENERS PODCAST podcasting value chain ADVANCED SCALE TARGETING & REACH GET MEASURABLE RESULTS c.
Slide 5: Celebrating 10 years as the leading global podcast company
Celebrating 10 years as the leading global podcast company Launch with the investigation of Dynamic Ad Insertion (DAI) Entering Acquisition Self-Serve Expanding into the UK the US of Pippa IPO AdCollab 2014 2016 2019 2021 2023 2015 2017 2020 2022 Q1 2024 Establishing Expanding Acquisition of Acquisi
Slide 6: The largest podcast network globally
The largest podcast network globally
Slide 7: CEO Update
1 CEO Update
Slide 8: Financial highlights Q1 2024
Financial highlights Q1 2024 25% 39% -4% NET SALES GROSS EBITDA GROWTH MARGIN MARGIN On track to deliver positive full year EBITDA 8
Slide 9: Predictive Demographics enables more accurate targeting
Predictive Demographics enables more accurate targeting Feature update Enabling more precise audience targeting for advertisers and scaling sales across ad inventory 9
Slide 10: Acast now hosts the full UK major publishing slate
Acast now hosts the full UK major publishing slate 10
Slide 11: Financials
2 Financials
Slide 12: ARPL continues to develop favorably
ARPL continues to develop favorably Listens (m) Quarterly Listens and Average Revenue Per Listen • The number of listens decreased by -12% compared to Q1 23. The decline • ARPL amounted to SEK 0.37, corresponding to an increase of 42% compared is explained by the iOS17 update while underlying listen
Slide 13: Net sales growth 25%
Net sales growth 25% Net Sales YoY (SEKm) Quarterly Net Sales (SEKm) +25% • Organic net sales growth 23% adjusted for currency effects • Growth improvement primarily driven by North America in the quarter 13
Slide 14: Gross margin increase to 39%
Gross margin increase to 39% Gross Profit (SEKm) Quarterly Gross Profit (SEKm) Ex rev- al +34% 39% • Gross profit grew by 34% compared to Q1 23 • Gross margin in line with the underlying level seen in the past quarter • The gross margin improved by 3%-p Y/Y • The positive development is primarily due t
Slide 15: North America takes lead on growth
North America takes lead on growth Europe North America Other Markets Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) +16% 48% +20% Contribution Profit (1) (SEKm) Contribution Profit(1) (SEKm) Contribution Profit(1) (SEKm) • Contribution profit margin improvement to • Higher growth from improved adve
Slide 16: Maintained cost control
Maintained cost control Other Operating Expenses (SEKm) Quarterly Other Operating Expenses (SEKm) -1% • Opex 1% lower than last year due to maintained cost control • Total staffing (FTE+FTC) as at end Q1 24: 382, reflecting a minor increase • Continued measured investments primarily in North America
Slide 17: Major EBITDA improvement
Major EBITDA improvement Quarterly Adj. EBITDA (SEKm) Quarterly Adj. EBITDA LTM* (SEKm) • Quarterly EBITDA is subject to usual seasonality • On track towards EBITDA profitability in full year 2024 • Major EBITDA improvement in Q1 24 vs Q1 23 stemming from the combination of continued growth, increase
Slide 18: Robust cash flows
Robust cash flows Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) • Operating cash flow of SEK -15 m (-2) • Strong cash position at SEK 734 m per 31 March, 2024 • The difference vs. Q1 23 relates to working capital changes • Robust balance sheet provides a sol
Slide 19: Wrap Up
3 Wrap Up
Slide 20: Acast stands strong as the leading player in podcasting
Acast stands strong as the leading player in podcasting 20
Slide 21: Q&A
4 Q&A
Slide 22: Follow us on
Follow us on Investors.acast.com/subscribe Acast.com/blog Shows.acast.com/acast-financial-reporting May July 21 26 Annual general meeting 2024 Interim report for the period April 1 - June 30, 2024 22
Slide 23: For The Stories.
Acast For The Stories.
Slide 24: Appendix: Financial KPIs
Appendix Financial KPIs
Slide 25: Group financial KPIs and alternative performance measures
Group financial KPIs and alternative performance measures ‘SEK thousand 2024 Jan-Mar Net sales 412,886 Cost of content 253,913 Gross profit 158,973 520. Total operating expenses excl DBA -174,056 -708,136 EBITDA 15,083 -187,296 Depreciation and amortization 19,709 71,322 EBIT (Operating profit/loss)
Slide 26: For The Stories.
Acast For The Stories.