Enad Global 7 Ab · OMXSTO:EG7

Enad Global 7 Ab — Q1 2023 Earnings Presentation

16 slides from Enad Global 7 Ab's earnings presentation, May 16, 2023

  1. Slide 1: Investor Presentation Jan-Mar 2023

    I N V E S T O R P R E S E N TAT I O N JAN-MAR 2023

  2. Slide 2: Financial Highlights

    Financial Highlights • Q1 2023 • Net Revenue of SEK 572 (400) million, representing 43% YoY growth, • Adjusted EBITDA of SEK 190 (107) million, representing 33% margin and 78% growth • Operating cash flow of SEK 171 million • Key takeaways • All-time high results for the quarter • Best financial pos

  3. Slide 3: Big Blue Bubble – A Solid Follow Through Performance in Q1

    Big Blue Bubble – A Solid Follow Through Performance in Q1 (MSEK) • Further growth in Net Revenue and 250 70,0% 218 EBITDA from the record numbers 200 63,4% 193 65,0% delivered in Q4 2022 60,4% 61,0% 60,0% • Strong margins at 61% 150 133 52,7% 116 55,0% • December 2022 was the peak for 100 My Singin

  4. Slide 4: My Singing Monsters – Strong User Engagement

    My Singing Monsters – Strong User Engagement (000s) • Over 7 million new users in Q1 12 000 11 116 • All-time high average DAU of 1.63 10 000 million in Q1 7 976 8 000 7 022 • A higher average DAU in Q1 2023 6 000 compared to Q4 2022, 5 008 demonstrating solid engagement 4 000 3 259 and retention tr

  5. Slide 5: Operational Highlights – Game Segment

    Operational Highlights – Game Segment • Financial performance highlights • Net Revenue of SEK 475 million, representing 86% growth and 69% FX neutral organic growth • Adjusted EBITDA of SEK 194 million, 129% growth and 41% margin • Summary commentary • MSM was once again the key driver for Game Segm

  6. Slide 6: Operational Highlights – Service Segment

    Operational Highlights – Service Segment • Key figures • Net Revenue of SEK 97 million, representing 33% decline YoY • Adjusted EBITDA of SEK 8 million, representing 8% margin • Summary commentary • Q1 Net Revenue due to the unfavorable comparison and the timing of product pipeline for 2023 • Firesh

  7. Slide 7: Q1 2023 Financial Discussion

    Q1 2023 FINANCIAL DISCUSSION

  8. Slide 8: Net Revenue and Adjusted EBITDA

    Net Revenue and Adjusted EBITDA MSEK Q UA RT E R LY LT M 700 100% 2 500 100% 90% 600 559 572 90% 2 038 80% 1 866 2 000 1 806 80% 500 463 444 70% 1 716 1 564 70% 400 60% 1 500 60% 400 50% 50% 300 33% 40% 1 000 40% 32% 27% 25% 28% 200 179 190 30% 22% 26% 30% 18% 21% 22% 113 20% 500 566 20% 107 84 351

  9. Slide 9: Net Revenue by Segment

    Net Revenue by Segment MSEK QUARTERLY NET REVENUE LTM NET REVENUE 2 500 97 136 2 000 192 150 575 144 622 1 500 708 754 1 304 475 611 423 1 122 1 000 295 876 952 270 818 1 463 256 1 052 1 243 953 1 007 500 - 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Game Service Game Service Sustainable Reven

  10. Slide 10: Game Segment – Net Revenue and Adjusted EBITDA Mix

    Game Segment – Net Revenue and Adjusted EBITDA Mix MSEK QUARTERLY Q1 Net Revenue Contribution 475 Daybreak 201 42% 500 100% 423 Big Blue Bubble 218 46% 450 90% 400 80% Piranha 51 11% 350 70% Toadman & AMG 5 1% 295 300 256 270 60% Game Segment total 475 100% 250 41% 50% 40% 194 200 33% 34% 40% Q1 Adj

  11. Slide 11: Service Segment – Net Revenue and Adjusted EBITDA Mix

    Service Segment – Net Revenue and Adjusted EBITDA Mix MSEK QUARTERLY 250 100% 90% Q1 Net Revenue Contribution 192 Fireshine 48 49% 200 80% 150 70% Petrol 49 51% 144 136 150 60% Service Segment total 97 100% 50% 97 100 40% Q1 Adj EBITDA Contribution 30% 22% Fireshine 2 25% 50 14% 13% 20% 32 26 10% 8%

  12. Slide 12: Figures in Perspective

    Figures in Perspective Net revenue rollover from other quarters was SEK 35.6 million in Q1. Seasonal natural effect. Guide Positive FX effect of SEK 41.7 million in Q1, expected - Net Revenue in April was SEK 154.6 million - Expected full year Net Revenue is SEK 2.2 billion to turn negative for the

  13. Slide 13: Strong balance sheet

    Net Debt to EBITDA Ratio and Cash MSEK 800 0,4 0,3 654 557 0,3 600 493 499 0,2 449 408 453 Q1 cash flow 381 400 - Cash OB 408 187 200 107 111 88 Operation +171 - 0,2 Investing -18 - Financing -107 - 0,4 Currency fluctuations in liquidity -1 - 200 - 0,4 Delta Cash +45 - 155 - 0,5- 220 Cash CB 453 - 4

  14. Slide 14: Summary

    S U M M A RY

  15. Slide 15: Summary Remarks

    Summary Remarks • All-time record results for Q1 2023 • SEK 572 million of Net Revenue, growing 43% YoY • SEK 190 million of Adjusted EBITDA at 33% margin • My Singing Monsters delivers again above expectations • The biggest game in EG7’s portfolio for second quarter in a row • Contributed 38% of th

  16. Slide 16: Q&A

    Q&A

Enad Global 7 — Q1 2023 Earnings Presentation on 6ix