Modern Times Group MTG AB Class A · OMXSTO:MTG_A
Modern Times Group MTG AB Class A — Q4 2014 Earnings Presentation
10 slides from Modern Times Group MTG AB Class A's earnings presentation, February 2015
Slide 1: Q4 2014 Financial Results
aS bre we 014 Financial Resiilts
Slide 2: Q4 2014 Highlights
• Sales: +6% at constant FX & 2% organic • EBIT (excl. associates) up 2% to SEK 468m • Combined Nordic free and pay-TV operations grew sales & profits by 3% & 7% respectively • Combined EM free and pay-TV operations Q4 2014 grew sales but profits down, primarily due to the geopolitical situation in
Slide 3: Group: Record Sales & Profits Up
Group: Record Sales & Profits Up Sales growth (y-o-y) EBIT (SEKm) and EBIT margin (%) 16% 500 15 14% 450 400 12 12% 350 10% 300 9 8% 250 6% 200 6 150 4% 100 3 2% 50 0% 0 0 Q2 2014 Q2 2013 Q3 2014 Q3 2013 Q4 2013 Q4 2014 Q1 2014 Q1 2013 2013 2013 2013 2013 2014 2014 2014 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 4: Free-TV Scandi: sales down but operating margin up
Free -TV Scandi: sales down but operating margin up Sales down 5% at constant FX 25% of Group sales 2014 2013 Sales up in Norway, stable in Denmark and Oct-Dec Oct-Dec down in Sweden Sales (SEKm) 1,111 1,149 Growth (at constant FX) -5% 1% TV ad market trends (estimated): Norway up, EBIT (SEKm) 220 2
Slide 5: Pay-TV Nordic: sales growth & margin expansion
Pay-TV Nordic: sales growth & margin expansion Sales up 6% at constant FX 33% of Group sales 2014 2013 Continue to be driven by the expansion of Oct-Dec Oct-Dec Viaplay – new deals with Tele2 & Sales (SEKm) 1,472 1,368 Chromecast Growth (at constant FX) 6% 7% EBIT (SEKm) 184 165 Total premium subscr
Slide 6: Free-TV EM: sales down but margin up
Free-TV EM: sales down but margin up Sales down 5% at constant FX 17% of Group sales 2014 2013 Continued growth in the Baltics & Bulgaria Oct-Dec Oct-Dec offset by lower sales in Czech Sales (SEKm) 762 784 Growth (at constant FX) -5% 18% AVOD revenues up 64% EBIT (SEKm) 91 83 EBIT margin 12.0% 10.6%
Slide 7: Pay-TV EM: sales growth with margin erosion
Pay-TV EM: sales growth with margin erosion Sales up 15% at constant FX 8% of Group sales 2014 2013 Driven by the consolidation of Trace Oct-Dec Oct-Dec Organic sales down 5% due to Ukraine Sales (SEKm) 355 307 Growth (at constant FX) 15% 21% EBIT includes SEK 18m net positive impact EBIT (SEKm) 25
Slide 8: Nice, MTGx, MTG Radio: organic sales growth & profitable
Nice, MTGx, MTG Radio: organic sales growth & profitable Sales up 36% at constant FX 18% of Group sales 2014 2013 Up 16% on an organic basis driven by Strix Oct-Dec Oct-Dec Drama, Paprika Latino and DRG content Sales (SEKm) 815 593 businesses, as well as double digit Radio sales growth Growth (at co
Slide 9: 2015 Outlook
Operations continue to perform well Despite significant FX headwinds • The operations continue to perform well independent of the currency effects • Pay-TV EM impacted by sharp depreciation of 2015 Outlook the Ruble - at current spot prices, profits will be negatively impacted by c. SEK 100m in 2015
Slide 10: MTG Investor Relations
MTG INVESTOR RELATIONS For further information visit www.mtg.com Tel: +46 (0) 73 699 2714 Email: [email protected]
Modern Times Group MTG — Q4 2014 Earnings Presentation on 6ix