Viaplay Group Ab Class A · OMXSTO:VPLAY_A
Viaplay Group Ab Class A — Nordic Entertainment Group — Q4 2019 Earnings Presentation
14 slides from Viaplay Group Ab Class A's earnings presentation, 2020
Slide 1: Results presentation Q4 2019
ft nordic entertainment group Results presentation Q4 2019 nentgroup.com
Slide 2: Q4 highlights
Q4 highlights 4% organic sales growth and 6% EBIT growth for combined business segments EBIT before IAC up slightly to SEK 513m despite FX headwind and M&A advisory costs Viaplay subscribers up 110k QoQ and up over 25% YoY Continued to innovate and transform including new operating model, JV with Te
Slide 3: Consistent delivery
Consistent delivery @ Net sales (SEKm) EBIT for combined business segments (SEKm) * 15,671 1708 1,813 14,568 , 12.897 13,688 1617 . ; ; ; : 2016 2017 2018 2019 2016 2017 2018 2019 Hl studios advertising [ij subscription & other 1 broadcasting & streaming studios * Before central operations & IAC. LT
Slide 4: Broadcasting & streaming
Broadcasting & streaming SEKm Q4 2019 @42018 Change Highlights Net sales 3,686 3,403 8% * Organic sales up 8% o/w advertising 1159 1171 -1% * Viaplay continued to be the key driver /w subscriptic 2527 2.232 13% OS * Subscriptions & Other accounted for 69%, and Organic growth 8% 3% advertising For 31
Slide 5: Subscriptions - performance
Subscriptions - performance Total subscriber base Comments 2526 * Viaplay added 10k subscribers QoQ 27 2310 Be 163 WM 465 25) 469 * Viaplay base up over 25% YoY - driven by high gross Viasat 3rd party intake and low churn Viasat DTC + Viaplay now represents 62% (57) of total base * Viasat DTC base s
Slide 6: Advertising - performance
Advertising - performance Comments * Combined TV & Radio ad markets: All three markets are estimated to have been down * TV ad revenues slightly down as higher prices in all markets was offset by lower linear viewing levels * Double digit growth in digital ad sales * Radio revenues down with stable
Slide 7: Selected content highlights
Selected content highlights Acquired 21 titles premiered in 2019 4A including 3 in Q4 2019 >30 titles to be premiered in 2020 SONY NBCUniversal Ge STUDIOS
Slide 8: NENT Studios
NENT Studios SEKm Q4 2019 @Q42018 Change Comments Net sales 540 603 We +» Organic sales down 12% Organic growth -12% 4% + Primarily reflected timing differences in the EBIT 33 2% 27% production schedule with several projects being postponed into 2020 EBIT 6.1% 43% 180 b mara —_ + EBIT up 27% includi
Slide 9: Sales performance
Sales performance Sales split Q419 Sales bridge Q419 NENT Studios Advertising Subscription & Others 295 suondiosqns Bulsmaapy SOIPNIS ININ SUUII 8 1O)US>,
Slide 10: Financial overview
Financial overview SEKm Q4 2019 @42018 Change Comments Net sales 4169 3,959 5% * 4% organic sales growth Bas EBIT 560 532 5% Smeets Gail a #8 Bh + 6% EBIT growth for combined business segments, Segmental EBIT 593 557 5% including SEK 35m USD transactional headwind Central operations -79 -47 -68% EBI
Slide 11: Cash flow and leverage
Cash flow and leverage SEKm Q419 Q418 FY19 FY18 Cash flow from operations 443 551 1393 1496 Change in working capital 253 79 -791 -380 Net operating cash flow 695 730 602 16 CapEx * -52 -50 -176 -185 Operating FCF 643 680 426 931 SEKm SEKm LTM EBITDA before IAC 1881 Net debt 4,139 Net debt / LTM EBI
Slide 12: Business outlook for 2020
Business outlook for 2020 outlook organic growth positive EBIT before IAC positive cost savings from restructuring program majority of the SEK 250m will impact 2020 transactional FX impact on EBIT approx. SEK -180m tax rate approx. 20% change in working capital negative capital expenditure approx. 1
Slide 13: Our investor proposition
Our investor proposition a unique play on the Nordic streaming market a Nordic content champion with global appeal a successful track record & a winning team a clear capital allocation strategy aK}
Slide 14: ft nordic
ft nordic ‘encertainent group, follow us t £ Yo in} @nentgroup iy) @nent_group _nentgroup.com
Nordic Entertainment Group — Q4 2019 Earnings Presentation on 6ix