Slides
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May 2025 Interim Report Jan - Mar 2025
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In the Room Emily Villatte CHIEF FINANCIAL OFFICER & DEPUTY CEO
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REACH YOUR LISTENERS GROW YOUR AUDIENCE MONETIZE SUPPORT YOUR FAVORITE PODCAST ACCESS HIGH QUALITY CONTENT CONSUME EVERYWHERE EMPLOY ADVANCED TARGETING GET MEASURABLE RESULTS ACCESS SCALE & REACH Uniquely positioned at the center of the podcasting value chain More than 140,000 shows Creator payouts $470M USD More than 1BN listens/quarter More than 3,300 advertisers Data on 5.6M shows through Podchaser: discoverability and matchmaking More than 100m uniques/month 3
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Full spectrum of creators 4 Big Shows,Massive Impact Niche Shows,Engaged Audiences at scale
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CEO Update 1
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NET SALES GROWTH 30% GROSS MARGIN 37% Adj. EBITDA MARGIN -1% Strong growth Financial highlights Q1 2025 6
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2025 Targeting strong, profitable growth 3-5% Adj. EBITDA Margin Positive cash flowfrom operating activities 15% Organic net sales growth (CAGR) 2025-2028 7 2025 Updated financial targets (April 2025)
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Financials 2
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 Monetization momentum continues and listens stabilize Listens (m) Quarterly Listens and Average Revenue Per Listen Note: Number of listens based on Acast´s IAB 2.0 certified measurement. A listen is defined as a minimum download of at least 60 seconds of the episode and Acast only count one listen per listener per episode within 24 hours. ARPL: Average Revenue Per Listen measured in SEK ● Listens down 1% Y/Y , but grew sequentially ● ARPL continued to expand significantly at 31% Y/Y growth ● ARPL continues to trend positively and amounted to SEK 0.48 in Q1 25 9
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 ● North America had a significant impact on the group’s growth in the quarter Net Sales (SEKm) Quarterly Net Sales (SEKm) 30% sales growth ● Organic net sales growth of 26% when adjusting for FX and the acquisition of Wonder Media Network +30% 10
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 Gross Profit (SEKm) Quarterly Gross Profit (SEKm) ● Quarterly gross profit demonstrates a consistent upward trend● Gross margin of 37% in Q1 25, influenced by lower gross margin in our rapidly expanding North American segment Ex- rev-a l 39% Gross profit increase of 26% 11
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 Europe Net Sales (SEKm) Net Sales (SEKm) Net Sales (SEKm) North America Other Markets North America the primary growth engine Contribution Profit(1) (SEKm)Contribution Profit(1) (SEKm)Contribution Profit (1) (SEKm) (1) Contribution Profit refers to a local market or segment EBIT (operating profit) before allocation of global costs +17% +65% -1% 12
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 Quarterly Adj. EBITDA (SEKm) ● Consistent profitability improvements Adj. EBITDA LTM* (SEKm) *Last Twelve Months Further EBITDA improvements ● Adjusted for Wonder Media Network transaction costs and costs related to future re-listing, the adjusted EBITDA was SEK -3.3 m ● Adj. EBITDA margin of -1%, reflecting an improvement of 3%-p Y/Y 13
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10-10-33 255-209-64 64-64-168 237-0-60 255-122-10 0-164-68 0-175-245 248-70-190 Positive cash flow trend Cash flow from operating activities (SEKm) Cash flow from operating activities LTM* (SEKm) ● Operating cash flow of SEK 29 m, with SEK 17 m from positive working capital changes ● Solid cash position at SEK 652 m per 31 March, 2025 *Last Twelve Months 14
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Wrap-Up 3
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Acast stands strong as the leading player in podcasting 16
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Q&A 4
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For The Stories.