Modern Times Group MTG AB Class A · OMXSTO:MTG_A
Modern Times Group MTG AB Class A — Investor Day (August 2021)
15 slides from Modern Times Group MTG AB Class A's investor day presentation, August 2021
Slide 1: Financial overview and disclosure
~ Pe aellews =~ - Financial overview and disclosure Maria Redin, CFO
Slide 2: Track-record of delivering sales growth
Track-record of delivering sales growth Net sales as reported Net sales proforma* Net sales contribution by (SEKm, CAGR) (SEKm, as reported) vertical 2018 (%) 4,025 4,025 G125%) 3,600 BSEK 4.0 2015 2016 2017 2018 2017 2018 itinwn _ cay Qest tesca S.innoGanes ees EM Gaming MM Esport Mil Other Acquire
Slide 3: Now expanding our financial disclosure
Now expanding our financial disclosure Financial disclosure (Quarterly by vertical) (SEKm) Net sales Adjusted EBITDA Adjusted EBITDA margin Adjustments EBITDA EBIT EBIT margin Net sales growth y-o-y Organic growth Acquisitions/divestments Changes in FX rates Reported growth NENT and International En
Slide 4: MTG Group: new financial overview
MTG Group: new financial overview (SEKm) FY2018 FY2017 Net sales Adjusted EBITDA INetsales—continuingops. wos zeso) “SEKM) (SEKm) I +41% — en | Adjusted EBITDA ; 41 -98, 4,025 a Adjusted EBITDA margin 1.0% -3.4%| Adjustments* -33 -596 2,850 EBITDA 8 -694 +4.8% Org. EBIT -220 -841 EBIT margin -5.5% -
Slide 5: Adjusted EBITDA enhances focus on business performance
Adjusted EBITDA enhances focus on business performance 2018 EBITDA to Adjusted EBITDA bridge (SEKm) EBITDA IAC. LTl Impairment M&A of costs capitalized development costs Adjusted EBITDA Adjustments made to reflect underlying performance * No change to Items Affecting Comparability * — Will now exclu
Slide 6: MTG Group: Summary by vertical
MTG Group: Summary by vertical (SEKm) FY2018 _ FY2017 pean vertical eae Net Sales 4,025 2,850 ( m) ( m) Esports 1,520 1,373 281 Gaming 2,296 1,234 Other and eliminations 209 243 Vertical Adjusted EBITDA 281 196 Esports -171 142 Gaming 513 341 Other -61 -3 2017 2018 2017 2018 Central costs ~240 -294
Slide 7: Esports: New financial disclosure
Esports: New financial disclosure (SEKm) FY2018 FY 2017 Net Sales Adjusted EBITDA Nd eel (SEKm) jNet sales 1,520 1,373 ! ! coe |Adjusted EBITDA 71 142| 1373 1,520 | Adjusted EBITDA margin 11.2% -10.3% | 539 rr = ; 675 Net sales growth y-o-y Organic growth 6.7% - 698 282 Acquisitions/divestments 0% -
Slide 8: Esports financial metrics
Esports financial metrics Revenues per segment Revenues per territory (SEKm) 2018 (%) 2017Q2 2017Q4 2018Q2 2018Q4 2017 2018 |_| Europe Mi apac MH Esports Services Ml Owned & Operated HE North America [i Row Mo
Slide 9: Esports KPI metrics
Mass audience Challenger Enthusiasts Open Friends & family Oest v samba Esports KPI metrics ESEAS< Number of O&O properties activated 38 3 28 7 24 3 21 wm 5 iy 2 m™ 8 16 17 Bs) 9 a) 14 3 4 2017Q2 2017Q4 2018Q2 2018Q4 Hl Master Properties || Open Properties || Challenger Properties
Slide 10: Gaming: new financial disclosure
Gaming: new financial disclosure FY2017 and FY2018 (SEKm) FY 2018 FY 2017 _————————— = [Net sales 2,296 1,234! . 254, | | | adjusted EBITDA sis 3a | Adjusted EBITDA margin 22.4% 27.6%! bee Eee J Net sales growth y-o-y Organic growth 7.1% - Acquisitions/divestments 69.1% - Changes in FX rates 9.9% -
Slide 11: Gaming financial metrics
Gaming financial metrics Revenues per platform Revenues per type 2018 Revenues per territory 2018 proforma (SEKm) (%) (%) 2017 2018 i Other MMi Browser HB Advertising Ml Other GB Europe Ml APAC HB Mobile Mar HI North America Hl RoW Mo
Slide 12: Daily active users (DAU)
Daily active users (DAU) (million) 2017Q2 201704 Gaming KPI metrics Monthly active users (MAU) (million) 16.7 16.8 15.8 2018Q2 2018Q4 2017Q2 201704 2018Q2 2018Q4
Slide 13: Average revenue per daily active user
Average revenue per daily active user (ARPDAU) (SEK) 2.52 940 247 2.23 2.22 1.97 1.95 1.92 2017Q2 2017Q4 2018Q2 2018Q4 Gaming KPI metrics Revenue per top 3 titles (%) 100 9 80 | 71%71% 71% Gay 4% 74% 78% 73% 2017Q2 2017Q4 2018Q2 2018Q4 Notes: (1) For 2018, consists of Forge of Empires, Elvenar and A
Slide 14: Starting position of split
Starting position of split Starting with net cash Expected SEK 1.8 bn cash inflow from Nova TV (Bulgaria) sale in Q2 * Will be used to fund acquisitions Current SEK 1 bn facility (undrawn) will be cancelled when Bulgaria proceeds received Other effects from split * Central cost expected to be approx
Slide 15: MTG Group financial ambition
MTG Group financial ambition The Group ambition for the full-year 2019 is: * Organic sales growth of mid-teens * Adjusted EBITDA margin in mid single digits, after Group central costs Performance in 2019 will be second-half weighted, reflecting: - Better monetization of O&O properties * Continued st