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Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Jun 11, 2020

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Page 1: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our
Page 2: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Today’s agenda

Today and our position going forward

Future growth drivers

Our content

Future outlook

Recap from last year

Page 3: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Recap from last year:

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 3

Strong VOD growth to continue

Strong Viaplay customer momentum

Viaplay loyalty increasing

VOD platforms at industry forefront

More VOD exclusive content than ever

The power of a Nordic media house

Digital innovation

This is just the beginning…

Page 4: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Today’s agenda

Today and our position going forward

Future growth drivers

Our content

Future outlook

Recap from last year

Page 5: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

SVODAVOD

Free TV

ESTTVOD

+8%CAGR

Nordic TV market(BSEK)

Video entertainment spending is rising

Source: Mediavision, Zenith, IHS, PwC, IRM, Ovum, MTG analysis

49.8

62.2

53.858.4

2017201620152014

Pay TV

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 5

Page 6: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

5.3

+34%CAGR

12.8

10.2

7.4

And on-demand is the driver

Source: Mediavision; Annual & industry reports

2017201620152014

Nordic video-on-demand market(BSEK)

TVOD

AVOD

EST

SVOD

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 6

Page 7: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

2017 has been a great year

Q1 Q2 Q3

2016

2017

Q1 Q2 Q3

RevenueMSEK

EBITMSEK

Recap from last year Future growth drivers Our contentOur position going forward

2016

2017

Future outlook 7

+15%

+38%+22%

+3%+11%+13%

Page 8: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

How is this possible?

Recap from last year Future growth drivers Our content Future outlookOur position going forward 8

Page 9: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Financial performanceEBIT (MSEK)

Financial performanceRevenue (MSEK)

5 660 5 831 6 272 6 045 6 781

4 600 4 6564 866 4 762

5 065

10,487

2014 2015

11,84611,138

10,260

R12M 17

10,807

R12M 162016

9.6%

1 339 1 405 1 370 1 2991 565

R12M 17R12M 16201620152014

Pay TVFree TV and Radio

Strong underlying performance

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 9

+1%CAGR

+21%CAGR

+10%CAGR+4%

CAGR

11,139

Page 10: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Rapid digital growth

Started streams Started streams BTV subs

+3.8%

R12M 16

20162015

+25.1%

R12M 17

20162015

+46.5%

+54.0%

R12M 17

R12M 16

+46.4%

+68.2%

R12M 17

R12M 16

20162015

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 10

+25% +46%

+68%

+42%

+53%+4%

Page 11: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

But, there is no lack of challenges

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 11

Page 12: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

0

20

40

60

80

100

120

140

2013 2014 2015 20162012 2017H1

Price

Indexed PUT and market price

Decline of linear viewing

PUT

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 12

Note: Commercial PUT 3+

Page 13: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Satellite erosion?

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 13

PTV subscribers(excl. Viaplay)

PTV revenues(incl. Viaplay)

2015 Q3 2017 Q32016 Q3

+9%CAGR

2015 Q3 2017 Q32016 Q3

-3%CAGR

Page 14: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Sports remain paramount but high cost inflation

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 14

Page 15: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

NationalSoccer

Leagues

2021

2022

2016

2026

NationalHockeyLeagues

2018

2018

2018

2018

2024

2024

2021

2021

2021

2021

2022

2022

2022

2022

2018

2018

2018

2018

2018

2018

2018

2018

2021

2021

2021

2021

2022

2022

2024

2024

2024

2024

Our sports rights portfolio is unique

2021

2021

2018

2021

2018

2019

2019

2019

2019

2018

2018

2018

2018

2018

2018

2018

2018

2018

2018

2018

2024

2024

2024

2024

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 15

Page 16: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

25 year relationship with UCL is the model

All 8 games broadcasted

Instant highlight feed

Highlights from games

Promotional clipsEngaging content

Engaging contentUse of host,

commentators and experts profiles

Creative sales/ Editorial integration

“Oddset Nyt”

1 Game on Free-TV with pre- and post studio

All 8 games broadcasted

Instant highlight feed

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 16

Page 17: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Today’s agenda

Today and our position going forward

Future growth drivers

Our content

Future outlook

Recap from last year

Page 18: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Pay TV

Free TV

Radio

Pay TV XVOD

Free TV

Radio

Denmark

Pay TV

XVOD

XVOD

AVOD AVOD

Pay TV XVOD

Free TV AVOD

Benefits of being a unique Nordic Power House

AVOD

Sweden

Recap from last year Future growth drivers Our contentOur position going forward

Norway

Finland

Future outlook 18

Page 19: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Utilisation case 1

2013Season 3

2016Season 9

+55%

Viaplay

Viafree

Free TV

Familien fra Bryggen(Unique viewers)

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 19

Page 20: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

15 hours pre-talk live nonstop on TV3 2.25 million views on Viasport.se

All time high record sales

Utilization case 2

499SEK/PPV

The Nordic Rumble 24 Feb 2017

299 SEK/PPV

+227.2%

MayMac 26 Aug 2017

Number of sold PPV

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 20

+227%

Page 21: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Swedish Dicks

Sold to Pop Networks in US

(80M households)

Season 2 launch on

Viaplay

Re-run of Season 1 on FTV

ahead of Season 2 launch on

Viaplay

First window premiere on

Viaplay (Sep 2016)

Sold toLionsgate

(Season 1 &Season 2)

Second window premiere on TV3

(May 2017)

Produced by Nice’s Brain

Academy

Utilization case 3

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 21

Page 22: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Viaplay video

Page 23: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Unique offering through all digital windowsCinema EST TVOD SVOD SVOD

Sports TVE

Telcos & PayTV operators

Local players

Local players

Local players

Local players

Local players

iTunes iTunes

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 23

Page 24: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Cutting edge technology & enhanced user experience

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 24

1,500+ product updates in 2017

Latest video platform supporting 4K content

Europe’s premier live platform with 15,000 live events/year

Maximum reach across consumer electronic devices (85%)

Optimized digital payment platform with credit card and direct debit

Best in class software development practise (200 in-house engineers)

Page 25: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

5x growth in 4 yearsViaplay revenue and subs growth

(indexed from 2013Q3, based on subs outgoing balance)

0

100

200

300

400

500

x5.0

2017 Q3

x3.2

2013 Q3

SubsRevenue

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 25

Page 26: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Number of started streams per quarter

(indexed)

Subscribers are watching more & more

2017 Q32013 Q3

+8x

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 26

Page 27: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Annual Churn(indexed from 2013Q1, TM only)

NPS(weighted per country and indexed from 2016Q1)

With lower churn & higher satisfaction

0

20

40

60

80

100

2017

Q2

2017

Q1

2016

Q4

2016

Q3

2016

Q2

2016

Q1

2015

Q4

2015

Q3

2015

Q2

2015

Q1

2014

Q4

2014

Q3

2014

Q2

2014

Q1

2013

Q4

2013

Q3

2013

Q2

2013

Q1

2017

Q3 -10

-5

0

5

10

15

20

25

30

2017

Q1

2016

Q4

2016

Q3

2016

Q2

2016

Q1

2017

Q3

2017

Q2

TMSport

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 27

Page 28: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Viafree video

Page 29: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Viafree is millennial TV

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 29

Page 30: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Sales outgrowing streams as pricing adjusts

RevenueStarted streams

Recap from last year Future growth drivers Our contentOur position going forward

2016 R12M2016

2015 R12M2017

2016 R12M2016

2015 R12M2017

Future outlook 30

+12%

+31%

+4%

+25%

Page 31: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Viafree is the natural evolution of Free-TV

Bundled with Free TV Outstanding online viewability Programmatic

100%Impression

91% Viewable

96%Completed

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 31

Page 32: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Enabling new high-potential partnerships

Distribution partners Sales/content partners

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 32

Page 33: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

A15-35

Advertising-based

Entertainment & Engagement

“Characters & personalities”

Reality

Upsell

Mobile-first

“Power Family”

Premium Sports

Subscription-based

TV series

Film Kids

Viaplay originals & exclusives

A powerful combination completes the customer journey

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 33

Page 34: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

National Radio Licenses

Current RIX FM coverage

New national license coverage

68%

82%

Switch from FM to DAB

Radio 2.0

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 34

Page 35: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Future is bright for audio

760 848 963

2015 2016

15%

2017

Radio ad market MSEK

Growing consumption

New digital opportunities

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 35

+13%CAGR

Page 36: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

36

Distribution remains key

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 36

Page 37: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Today’s agenda

Today and our position going forward

Future growth drivers

Our content

Future outlook

Recap from last year

Page 38: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Content video

Page 39: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 39

Multi-layered partnerships with Hollywood majors

Platform offering

Each platform requires specific content

Studio deal

Facilitating all MTG platform needs in one

studio deals

Multi-layered solution

Layering acquired content across platforms to ensure

platform fit & enable strong profitability

Page 40: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Utilizing strong partnerships to drive nextgen TV viewing

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 40

Partner or channel carriage

Secure Viaplaycontent

Secure exclusive content

Co-operate on ad sales

Generate revenues from AVOD content

Strong viewing

performance across kids,TV-series &

movies

USP against competitors

Increase sales revenues

Increase sales revenues

Page 41: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Maximizing the valueacross multiple windows

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 41

Past

Free-TV• US network• Niched cable content• Vintage TV-series

Now

Free-TV• US network

Pay-TV & SVOD• Niched cable content

AVOD• Vintage TV series

Page 42: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

And now we develop our own content

Premiere Simultaneouspremiere 7 days catch-up 6 months after

Premiere 8 months after 7 days catch-up 12 months after

Premiere Simultaneouspremiere Build & hold 6 months after

Premiere Simultaneouspremiere Build & hold 6 months after

Premiere – – 6 months after

Premiere 5 weeks after 14 days catch-up 6 months after

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 42

Page 43: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

2016 2017 2018 20202019 2021

13Titles

Premiered

19Titles in

Production

22Titles in

Development

With more than 50 original productions MTG will be the leading Nordic drama producer

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 43

Page 44: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Catch-upAVOD

Produces titles with

Viaplay & Free TV partner

Free TV co-invests & attains Free TV licensing

rights

Acquires exclusive

SVOD licenses & equity share

Provides minimum

guarantee & distributes

globally

Creating a unique value chain & ecosystem

Platform

Description

Value Chain

Value addedto MTG

Production Multi-screenSVOD

Free TV broadcaster

Acquires exclusive

AVOD licenses

Distribution

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 44

Page 45: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

That is attracting international interest

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 45

Page 46: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Pay TVplatform

Pay TVchannels

Free TV channels SVOD AVOD TVOD Pan-Nordic

Competitively positioned to win

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 46

Page 47: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

Today’s agenda

Today and our position going forward

Future growth drivers

Our content

Future outlook

Recap from last year

Page 49: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

We have solid growth drivers

Recap from last year Future growth drivers Our contentOur position going forward Future outlook 49

Page 50: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

We will continue to develop

Strict cost control

Shift investments to online

New co-ops

Multi-layered relationships

Recap from last year Future growth drivers Our contentOur position going forward

New revenue streams

Future outlook 50

Page 51: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

The people behind our success

Recap from last year Future growth drivers Our contentOur position going forward

87%Response rate

94%Are willing to make an extra effort to make their company

successful

90%Are proud of working for

their company

87%Think it is fun to go to work

85%Are motivated in their work

Future outlook 51

Page 52: Today’s agenda - Modern Times Group€¦ · Digital innovation. This is just the beginning ... Today’s agenda. Today and our position going forward . Future growth drivers. Our

We will deliver topline growth and

higher profits!

Recap from last year Future growth drivers Our contentOur position going forward

#weareMTGFuture outlook 52