Enad Global 7 Ab · OMXSTO:EG7

Enad Global 7 Ab — Q1 2024 Earnings Presentation

16 slides from Enad Global 7 Ab's earnings presentation, May 14, 2024

  1. Slide 1: Investor Presentation Q1 2024

    x Investor Presentation Q1 2024 2024/05/14

  2. Slide 2: Key Performance Figures

    EG7 Q1 2024 INTERIM REPORT Key Performance Figures NET REVENUE ADJUSTED EBITDA NET CASH POSITION MSEK MSEK MSEK A QUIET QUARTER AS EXPECTED Y-O-Y COMPARISON NOT STRAIGHT FORWARD  No major content releases this period  Variability in product and content release timing makes Y-o-Y  No big boost fro

  3. Slide 3: Q1 2024 Adjusted EBITDA Contribution

    EG7 Q1 2024 INTERIM REPORT Q1 2024 Adjusted EBITDA Contribution MSEK GAMES SERVICES ADJUSTMENTS MADE  MSM lower performance as expected  Service businesses under more  Cost reduced at Toadman and Petrol  Daybreak performing as expected pressure from market weakness  Headcount down by 45  Piran

  4. Slide 4: My Singing Monsters Normalizing at a Solid Level

    EG7 Q1 2024 INTERIM REPORT My Singing Monsters Normalizing at a Solid Level MAU TRENDS (JAN 2021 – MAR 2024) NET REVENUE COMPARISON (MSEK) Dec-22 2.6m 218 • MSM close to stabilizing at a solid new normalized level • New level is lower than the peak but still over 2x higher Mar-24 than prior to the u

  5. Slide 5: Outlook for the Rest of 2024

    EG7 Q1 2024 INTERIM REPORT Outlook for the Rest of 2024*  Still on track for the full year target  First quarter not indicative of the full year given the large variability in timing of our product/content slate for the year  Heavier backload than usual this year with MechWarrior 5: Clans release

  6. Slide 6: Transition in Progress

    EG7 Q1 2024 INTERIM REPORT Transition in Progress WHERE WE STAND TODAY INTERIM TRANSITION PERIOD DESTINATION – AT SCALE  Solid financial standing today  Transition will last several quarters  Targeting 2026 and beyond  Excess liquidity  New performance level above SEK 3bn  Steady cash flows of

  7. Slide 7: Financial Discussion

    Financial Discussion

  8. Slide 8: Net Revenue, ADJ EBITDA and EBIT

    EG7 Q1 2024 INTERIM REPORT Net Revenue, ADJ EBITDA and EBIT QUARTERLY LTM 700 100% 2500 50% 90% 2131 45% 2038 2058 2045 600 572 2000 1855 80% 40% 517 500 483 473 70% 35% 1500 60% 29% 30% 400 382 29% 28% 27% 50% 1000 25% 300 22% 40% 595 623 20% 566 542 33% 500 414 200 190 27% 30% 252 15% 141 153 139

  9. Slide 9: Net Revenue and Adjusted EBITDA Mix: Daybreak and Big Blue Bubble

    EG7 Q1 2024 INTERIM REPORT Q1 NET REVENUE CONTRIBUTION Daybreak 188 49% Net Revenue and Big Blue Bubble Rest of the group 69 125 18% 33% Adjusted EBITDA Mix Group total 382 100% Q1 ADJ EBITDA CONTRIBUTION Daybreak 42 68% Big Blue Bubble 38 61% Rest of the group -18 -29% Group total 62 100% DAYBREAK

  10. Slide 10: Net Revenue and Adjusted EBITDA Mix: Piranha and Toadman

    EG7 Q1 2024 INTERIM REPORT Q1 NET REVENUE CONTRIBUTION Piranha 21 6% Net Revenue and Toadman Rest of the group 17 344 4% 90% Adjusted EBITDA Mix Group total 382 100% Q1 ADJ EBITDA CONTRIBUTION Piranha 3 5% Toadman -6 -10% Rest of the group 64 104% Group total 62 100% PIRANHA TOADMAN QUARTERLY QUARTE

  11. Slide 11: Net Revenue and Adjusted EBITDA Mix: Fireshine and Petrol

    EG7 Q1 2024 INTERIM REPORT Q1 NET REVENUE CONTRIBUTION Fireshine 46 12% Net Revenue and Petrol Rest of the group 40 296 11% 77% Adjusted EBITDA Mix Group total 382 100% Q1 ADJ EBITDA CONTRIBUTION Fireshine 0 0% Petrol -6 -10% Rest of the group 68 110% Group total 62 100% FIRESHINE PETROL QUARTERLY Q

  12. Slide 12: Net Debt to EBITDA Ratio and Cash

    EG7 Q1 2024 INTERIM REPORT Net Debt to EBITDA Ratio and Cash (MSEK) 600 - 473 481 467 Q1 Cash Flow 453 454 (0.10) 400 Cash OB 481 (0.20) Operation* -14 165 Investing** +7 200 (0.30) 114 123 88 93 Financing*** -26 (0.40) Delta Cash -33 - (0.50) Currency fluctuations in liquidity +18 - 200 -0.6 (0.60)

  13. Slide 13: Figures in Perspective

    EG7 Q1 2024 INTERIM REPORT Figures in Perspective Market  YTD, the industry suffered another 9500 lay offs EYE ON THE PRIZE (MSEK)  Market is estimated to grow at 3% CAGR through 2026 3500 2023-2026P 16% organic CAGR 3000 EG7  As previously communicated 2024, will be a transition year 2500  New

  14. Slide 14: Summary

    Summary

  15. Slide 15: Summary

    EG7 Q1 2024 INTERIM REPORT Summary  As expected, Q1 was a “quieter” quarter, reflecting limited planned releases  No major product and content releases for the period  MSM lower level performance as expected  Market weakness pressuring our 3rd party service business units  Outlook for the year

  16. Slide 16: Q&A

    Q&A

Enad Global 7 — Q1 2024 Earnings Presentation on 6ix