Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group — Q3 2020 Earnings Presentation
11 slides from Viaplay Group Ab Class A's earnings presentation, 2020
Slide 1: Results presentation Q3 2020
Results presentation Q3 2020 nentgroup.com
Slide 2: Q3 – three key takeaways
Q3 – three key takeaways 1. Organic growth of 9% fuelled by Viaplay subscriber intake 2. EBIT up 19% when excluding 2019 contribution from Viasat Consumer * 3. We are ready to expand Viaplay internationally * EBIT before associated company income and items affecting comparability 2
Slide 3: Viaplay performance
3 Viaplay performance Viaplay subscriber base*, thousands Comments ~3m • Reported sales up 18% YoY 2,813 2,716 • Accounted for 34% of Group revenues 2,510 2,272 2,039 2,111 2,151 • Subscribers up 31% YoY or 97k QoQ to 2.8m • Retain recently raised subscriber target of approximately 3 million for FY2
Slide 4: Viaplay Originals
Viaplay Originals 8 +150% Top 5 titles increase in viewing of of top 10 scripted series 8premiered titles premiered Q120 Viaplay Originals were 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 35% and accounted for • Down 9% and accounted for 27% • Down 47% and accounted for 3% 36% of Group revenues of Group revenues of Group revenues Comme
Slide 6: The next chapter
The next chapter Viaplay to enter all 3 Baltic markets in Q1’21 Vision to enter +15 markets in next +5 years Continued focus on Viaplay subscriber growth Streaming & broadcast licenses to be moved to Sweden Virtual CMD to be held on 10 November 6
Slide 7: Q3 performance summary
Q3 performance summary Comments Sales split Q320 9% organic sales growth Other subscription 19% increase in EBIT before associated company & IAC when excl. SEK 117m of Viasat Consumer EBIT in Q3’19 Viaplay 34% 36% Q3’20 included SEK 250m of sports costs shifted from Q2 to Q3 and SEK 50m of FX headwi
Slide 8: Allente update
Allente update SEKm Q320 EBITDA before IAC 294 Depreciation & Amortisation * -28 EBIT before IAC 266 Items affecting comparability -45 EBIT 221 Net income 172 NENT Group 50% share 86 Net cash position (end of period) 996 # of subscribers 1,153k * No PPA amortisation was made in Q3. PPA amortisation
Slide 9: Cash flow and leverage
Cash flow and leverage SEKm Q320 Q319 Ytd 20 Ytd 19 FY19 SEKm Q320 Cash flow from operations 175 316 569 950 1,393 LTM EBITDA before IAC 1,518 Change in working capital 167 -879 46 -1,044 -791 Net debt 3,865 Net operating cash flow 343 -562 616 -93 602 Net debt / LTM EBITDA before IAC 2.5x CapEx * -
Slide 10: Business outlook for 2020
Business outlook for 2020 outlook profitable growth withdrawn for 2020 (in connection to Q1 results) Viaplay net subscriber base approx. 3 million (up over 30% YoY) cost savings from 2019 program approx. SEK 200m cost savings from 2020 program approx. SEK 700m transactional FX impact on EBIT approx.
Slide 11: Telling stories Touching lives Expanding worlds
Telling stories Touching lives Expanding worlds
Nordic Entertainment Group — Q3 2020 Earnings Presentation on 6ix