Modern Times Group MTG AB Class A · OMXSTO:MTG_A
Modern Times Group MTG AB Class A — Q3 2014 Earnings Presentation
9 slides from Modern Times Group MTG AB Class A's earnings presentation, 2014
Slide 1: Q3 2014 Financial Results
Q3 2014 Financial Results
Slide 2: Q3 2014 Highlights
• Sales: +12% at constant FX & 5% organic • EBIT (excl. associates) up 32% to SEK 215m • Combined Nordic free and pay-TV operations Q3 2014 grew sales & profits by 7% & 11% respectively • Combined EM free and pay-TV operations grew Highlights sales but profits down due to exceptional comps in the Cz
Slide 3: Group performance: Record Q3 sales drive profitable growth
Group perfomance: Record Q3 sales drive profitable growth Sales growth (y-o-y) EBIT (SEKm) and EBIT margin (%) 16% 600 15 14% 500 12% 400 10 10% 8% 300 6% 200 5 4% 100 2% 0% 0 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2012 2013 2013 2013 2013 2014 2014 2014 -2% 2012 2013 2013 2013 2013 2014 2014 2014 Q4 Q1 Q2 Q3 Q4
Slide 4: Free-TV Scandi: sales slightly down with stable operating margin
Free -TV Scandi: sales slightly down with stable operating margin Sales down 1% at constant FX 24% of Group sales 2014 2013 TV ad market trends (estimated): Denmark Jul-Sep Jul-Sep up, Norway stable, Sweden down Sales (SEKm) 900 887 Growth (at constant FX) -1% 1% AVOD sales up over 80% EBIT (SEKm) 1
Slide 5: Pay-TV Nordic: Growth and margin expansion
Pay-TV Nordic: Growth and margin expansion Sales up 8% at constant FX 38% of Group sales 2014 2013 Driven by the expansion of Viaplay Jul-Sep Jul-Sep Sales (SEKm) 1,441 1,308 Total premium subscriber almost flat Growth (at constant FX) 8% 7% 3rd highest Viaplay intake ever EBIT (SEKm) 186 156 EBIT m
Slide 6: Free-TV EM: mixed picture with tough comps
Free-TV EM: mixed picture with tough comps Sales down 1% at constant FX 12% of Group sales 2014 2013 Double digit growth in the Baltics & Bulgaria Jul-Sep Jul-Sep Sales (SEKm) 463 457 Czech Rep. down on the back of the Growth (at constant FX) -1% 21% exceptional growth seen last year EBIT (SEKm) -57
Slide 7: Pay-TV EM: strong growth & margin expansion
Pay-TV EM: strong growth & margin expansion Sales up 25% at constant FX 9% of Group sales 2014 2013 Mid-single digit organic growth + Jul-Sep Jul-Sep consolidation of Trace Sales (SEKm) 333 268 Growth (at constant FX) 25% 7% 131m mini-pay subscriptions in 139 countries EBIT (SEKm) 39 27 Mini-pay sub
Slide 8: Nice, MTGx, MTG Radio: 35% organic growth & profitable
Nice, MTGx, MTG Radio: 35% organic growth & profitable Strong demand for our content 18% of Group sales 2014 2013 Continued strong growth in Strix Drama and Jul-Sep Jul-Sep Paprika Latino Sales (SEKm) 681 367 Double digit organic growth in Radio Growth (at constant FX) 82% 29% Growth (organic) 35% 1
Slide 9: 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 — Q3 2014 Earnings Presentation on 6ix