Modern Times Group is a leading entertainment company that shapes the future of entertainment through content, digital services, and geographic expansion. It has a successful track record of growth and is well-positioned for continued future success. MTG has a unique platform as an integrated and diversified entertainment provider across TV, digital, and emerging markets. It will continue to invest in content, digital growth, and geographic expansion to create long-term value.
Modern Times Group (MTG) is a leading international digital entertainment company focused on shaping the future of entertainment. The document discusses MTG's successful track record over the past 10 years of 27% average return on capital employed and 17% total shareholder return compound annual growth rate. It outlines MTG's strategy of continued growth in content, digital services, and geographic expansion. MTG has a unique platform as a decentralized company with strong positions in television, online video, and mobile across Scandinavia, Central and Eastern Europe, and Africa.
Modern Times Group (MTG) is a leading European entertainment company that has grown significantly over 25 years. It operates 32 free-TV channels in 10 countries and pay-TV platforms in 9 countries, reaching over 90 million households. MTG has delivered 10% annual sales growth and 24% EBIT growth through a balanced and diversified revenue mix across advertising, subscription and other sources. It continues to invest in content, digital platforms like Viaplay, and geographical expansion to drive further growth and shareholder returns.
The document provides an overview of Modern Times Group's (MTG) performance in the first quarter of 2014. Key points include:
- Sales grew 13% at constant exchange rates and 5% organically, driven by growth in free-TV Scandinavia, pay-TV Nordic, and content production.
- Profits grew year-over-year for pay-TV Nordic for the first time in two years, though overall profitability was impacted by investments, seasonality, and currency effects.
- MTG merged Viaplay and MTGx to create a leading digital entertainment platform, and continued expanding its content production business through acquisitions and organic growth.
Modern Times Group reported positive Q2 2013 results, with accelerated sales growth of 6% year-over-year driven by strong performances across segments. Investments continued on track, with the portfolio of content offerings strengthened by acquisitions. Free-TV Emerging Markets delivered exceptional growth of 31%, while Free-TV Scandinavia gained audience share in all three markets. Pay-TV Nordic and Emerging Markets also saw sales growth and met profitability expectations despite ongoing investments for future growth.
Irina Gofman is the EVP of Russian and CIS Broadcasting at Modern Times Group. She oversees MTG's broadcasting operations in Russia, Ukraine, the Baltics, and other emerging markets. Under her leadership, MTG has expanded its footprint from 7 countries and 2 channels in 2003 to 31 countries and 34 channels in 2013. MTG has also grown its mini-pay channel subscriptions from 2 million in 2003 to over 58 million in 2012 through strategic acquisitions and channel launches across various platforms and territories.
Modern Times Group reported financial results for Q3 2013 with sales up 9% at constant currency rates across all five business segments. This demonstrated that investments in content, digital expansion, and geographical growth are fueling customer offerings and sales momentum. The company will continue investing to strengthen these areas and drive future growth, such as through upcoming new channels in Norway and Tanzania and coverage of the 2014 Winter Olympics. Acquisitions like Nice Entertainment will also help scale the content production and distribution business. While short-term profitability is impacted, the investments are building the foundation for sustainable long-term growth and cash generation. With continued strong cash flow and low debt, Modern Times Group is well positioned to fund further investment and shareholder returns.
This document summarizes Tele2 AB's financial results for Q4 2014. Key highlights include:
- Net sales increased 4.4% to SEK 6.88 billion driven by 7% growth in mobile end-user service revenue.
- EBITDA was SEK 1.41 billion with a margin of 20.5% due to continued investment in network rollouts.
- Mobile data monetization improved EBITDA, with the group mobile EBITDA increasing 6% year-over-year.
- The Netherlands saw continued mobile customer growth and stabilization of the fixed broadband base.
- Sweden had a successful launch of Tele2.0, strengthening its challenger position through offer innovation.
- Tele2's mobile end-user service revenue increased 7% year-over-year in the second quarter of 2015, while EBITDA declined 5% and CAPEX increased 33%.
- Key markets like Kazakhstan, Latvia, and Lithuania saw strong revenue growth of over 50%, 8%, and 4% respectively.
- Tele2 is focused on monetizing data usage and expanding 4G networks in markets like the Netherlands and Baltics.
- The company's "Challenger Program" aims to drive SEK 1 billion in productivity improvements through initiatives to simplify products, increase discipline in spending, consolidate technology, and transform operations.
Modern Times Group (MTG) is a leading international digital entertainment company focused on shaping the future of entertainment. The document discusses MTG's successful track record over the past 10 years of 27% average return on capital employed and 17% total shareholder return compound annual growth rate. It outlines MTG's strategy of continued growth in content, digital services, and geographic expansion. MTG has a unique platform as a decentralized company with strong positions in television, online video, and mobile across Scandinavia, Central and Eastern Europe, and Africa.
Modern Times Group (MTG) is a leading European entertainment company that has grown significantly over 25 years. It operates 32 free-TV channels in 10 countries and pay-TV platforms in 9 countries, reaching over 90 million households. MTG has delivered 10% annual sales growth and 24% EBIT growth through a balanced and diversified revenue mix across advertising, subscription and other sources. It continues to invest in content, digital platforms like Viaplay, and geographical expansion to drive further growth and shareholder returns.
The document provides an overview of Modern Times Group's (MTG) performance in the first quarter of 2014. Key points include:
- Sales grew 13% at constant exchange rates and 5% organically, driven by growth in free-TV Scandinavia, pay-TV Nordic, and content production.
- Profits grew year-over-year for pay-TV Nordic for the first time in two years, though overall profitability was impacted by investments, seasonality, and currency effects.
- MTG merged Viaplay and MTGx to create a leading digital entertainment platform, and continued expanding its content production business through acquisitions and organic growth.
Modern Times Group reported positive Q2 2013 results, with accelerated sales growth of 6% year-over-year driven by strong performances across segments. Investments continued on track, with the portfolio of content offerings strengthened by acquisitions. Free-TV Emerging Markets delivered exceptional growth of 31%, while Free-TV Scandinavia gained audience share in all three markets. Pay-TV Nordic and Emerging Markets also saw sales growth and met profitability expectations despite ongoing investments for future growth.
Irina Gofman is the EVP of Russian and CIS Broadcasting at Modern Times Group. She oversees MTG's broadcasting operations in Russia, Ukraine, the Baltics, and other emerging markets. Under her leadership, MTG has expanded its footprint from 7 countries and 2 channels in 2003 to 31 countries and 34 channels in 2013. MTG has also grown its mini-pay channel subscriptions from 2 million in 2003 to over 58 million in 2012 through strategic acquisitions and channel launches across various platforms and territories.
Modern Times Group reported financial results for Q3 2013 with sales up 9% at constant currency rates across all five business segments. This demonstrated that investments in content, digital expansion, and geographical growth are fueling customer offerings and sales momentum. The company will continue investing to strengthen these areas and drive future growth, such as through upcoming new channels in Norway and Tanzania and coverage of the 2014 Winter Olympics. Acquisitions like Nice Entertainment will also help scale the content production and distribution business. While short-term profitability is impacted, the investments are building the foundation for sustainable long-term growth and cash generation. With continued strong cash flow and low debt, Modern Times Group is well positioned to fund further investment and shareholder returns.
This document summarizes Tele2 AB's financial results for Q4 2014. Key highlights include:
- Net sales increased 4.4% to SEK 6.88 billion driven by 7% growth in mobile end-user service revenue.
- EBITDA was SEK 1.41 billion with a margin of 20.5% due to continued investment in network rollouts.
- Mobile data monetization improved EBITDA, with the group mobile EBITDA increasing 6% year-over-year.
- The Netherlands saw continued mobile customer growth and stabilization of the fixed broadband base.
- Sweden had a successful launch of Tele2.0, strengthening its challenger position through offer innovation.
- Tele2's mobile end-user service revenue increased 7% year-over-year in the second quarter of 2015, while EBITDA declined 5% and CAPEX increased 33%.
- Key markets like Kazakhstan, Latvia, and Lithuania saw strong revenue growth of over 50%, 8%, and 4% respectively.
- Tele2 is focused on monetizing data usage and expanding 4G networks in markets like the Netherlands and Baltics.
- The company's "Challenger Program" aims to drive SEK 1 billion in productivity improvements through initiatives to simplify products, increase discipline in spending, consolidate technology, and transform operations.
Telefónica is a global telecommunications company that has grown significantly over the past 85 years through international expansion and acquisitions. It now operates in over 20 countries in Europe and Latin America with over 300 million customers. Telefónica has a unique portfolio as one of the largest telecom companies in the world by total accesses and revenues due to its diversification across markets and commitment to innovation. The company's activities also make important economic and social contributions in the communities it serves.
The document provides a quarterly report for Tele2AB for the first quarter of 2015. It highlights that Tele2 Sweden launched 'Big Buckets' to provide better value to customers and encourage data usage. Mobile end-user service revenue grew 10% year-over-year for the Tele2 Group. The Tele2 Netherlands 4G network coverage reached over 70% of the population. The Challenger Program is expected to deliver SEK 1 billion in annual benefits from 2018 onwards through productivity improvements.
Media Q4FY15 preview: Earning momentum to pick up slowly but surelyIndiaNotes.com
The document provides an earnings preview for media companies for the quarter ending March 2015. It is expected that:
1) Advertising revenue growth will recover to around 10% year-over-year for the sector, with Zee Entertainment expected to report over 15% growth.
2) Aggregate profit after tax growth will be around 7% year-over-year for the quarter, excluding a 32% growth from Zee Entertainment which will be impacted by losses from a new channel launch.
3) Subscription additions for Dish TV are expected to increase compared to the previous quarter, with gross additions forecasted at 0.8 million subscribers.
This document provides a quarterly report for Tele2AB for the fourth quarter of 2015. It highlights that Tele2 and Comviq were awarded for most satisfied customers in 2015. It also notes that 4G coverage is now at 90% in major markets and the commercial launch of the Dutch 4G-only network. Mobile end-user service revenue continued to grow, particularly in data monetization in the Baltic region. EBITDA was up 6% in Sweden while the Challenger program remains on track to achieve 1 billion in savings by 2018. Monetization of data is a key priority moving forward.
The document provides a quarterly report for Tele2AB for Q3 2015. Key highlights include:
- A new CEO was appointed on September 1st and an internal reorganization was concluded to enable execution of the Challenger Program and a more customer-centric focus.
- 4G network coverage reached 90% in the Netherlands and Baltics and 83% in Sweden.
- Strong net intake across the Group, especially in Sweden and Kazakhstan. Mobile end-user service revenue grew 5%.
- The Challenger Program aimed at productivity improvements is progressing according to plan. Strong EBITDA development continued in Kazakhstan.
This document discusses Tele2 Netherlands' plans to obtain an LTE license and become a mobile network operator in the Dutch market. It notes that the Dutch mobile market is dominated by three main players and has high prices and low innovation. Tele2 Netherlands has over 1 million customers and existing fiber optic infrastructure that could support an LTE network. Obtaining spectrum in the 800MHz and 2.6GHz bands would allow it to meet coverage obligations and offer speeds up to 100Mbps. Becoming a full MNO could provide an opportunity for Tele2 to further grow in the Netherlands with a focus on 4G services.
MTGQ2 2014 FINANCIAL RESULTS
Sales were up 13% at constant FX rates and 3% on an organic basis. Operating profits increased despite investments, with higher growth and margins in the Nordic regions offsetting unfavorable FX impacts and last year's one-offs elsewhere. Nice, MTGx and Radio saw strong organic growth and profits. The quarter showed healthy top-line growth and margin expansion, though some markets faced challenges from declining ad sales and geopolitical factors.
Tele2 reported financial results for the third quarter of 2016. Key highlights include:
- Mobile end-user service revenue increased 6% to SEK 3.64 billion.
- EBITDA declined slightly by 2% to SEK 1.56 billion.
- Net sales grew 3% to SEK 6.96 billion.
- Momentum continued in Sweden, the Baltics, and Kazakhstan with growth in mobile revenue. The Netherlands saw mobile revenue growth offset by a decline in fixed revenue.
Tele2 reported financial results for the second quarter of 2016 that showed growth in key metrics such as mobile end-user service revenue despite challenges in some markets. Several highlights included Sweden achieving the best 4G coverage among Nordic operators, continued strong data monetization in the Baltics, and significant customer intake in the Netherlands. The Challenger program remains on track to deliver annual savings. Overall, Tele2 is making progress on its strategy while facing headwinds in some legacy fixed-line businesses.
Tele2 is announcing a joint venture with Kazakhtelecom to combine their mobile businesses in Kazakhstan, Altel and T2KZ. Tele2 will have a 31% economic interest in the joint venture. The transaction is expected to close in Q1 2016. The joint venture will have improved scale and a stronger competitive position as the #3 operator. Significant cost synergies and data monetization opportunities are expected. Strong corporate governance procedures will be put in place, with Tele2 maintaining management control.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
In the first quarter of 2017, Tele2AB Group reported the following highlights:
- Mobile end-user service revenue increased 19% to SEK 3.7 billion.
- EBITDA grew 41% to SEK 1.7 billion.
- Net sales were up 22% to SEK 7.9 billion.
The document then provides details on financial and operational performance in each of Tele2's markets in the first quarter, and reconfirms its financial guidance for 2017.
This document provides an overview of RTL Group's full-year 2020 results. Key points include:
- Revenue decreased 9.5% to €6,017 million due to declining TV advertising markets and lower content production during COVID-19.
- Adjusted EBITA decreased 26.2% to €853 million and the margin was 14.2%.
- Profit for the year decreased 27.7% to €625 million mainly due to lower Adjusted EBITA.
- Paying subscribers for streaming services TV Now and Videoland increased 52% to 2.19 million.
- The board proposed a dividend of €3.00 per share for 2020, representing a dividend yield
The document provides financial and operational highlights for Tele2 AB for Q2 2017:
- Net sales grew 18% driven by increases in mobile end-user service revenue and EBITDA increased 50% due to higher service revenue and integration synergies.
- Mobile end-user service revenue growth was driven by increases in the consumer segment, higher ASPU, and a larger share of customers opting for bundles over 3GB of data.
- Integration synergies from the TDC acquisition were ahead of plan, achieving SEK 53 million in the quarter mainly from migrating MVNO customers.
- The Kazakhstan joint venture continued its strong momentum, growing net sales 35% and EBITDA 39% through
Tele2 reported strong third quarter 2017 results with mobile end-user service revenue growth of 9% and EBITDA growth of 21%. The Netherlands and Kazakhstan performed particularly well, with mobile revenue growth of 27% and 19% respectively. The Challenger Program remains ahead of plan to deliver over SEK 850 million in benefits for 2017. Tele2 upgraded its full-year 2017 financial guidance and remains focused on further growing mobile data revenue across its markets.
- Tele2's Q1 2014 financial performance was in line with guidance, with net sales of SEK 7.11 billion and EBITDA of SEK 1.38 billion.
- Mobile end-user service revenue grew 3.0% for the group. Net customer intake was 68,000.
- Key highlights included positive EBITDA in Kazakhstan, growth in Sweden and the Netherlands, and ongoing strategic reviews in Norway and Germany.
- CAPEX was SEK 0.96 billion as Tele2 continued investing in network rollouts.
The main Media Market Trends & News we would like to share with you in this issue are the following:
Brief TV Market overview
o Ukrainian TV commercial market is going to grow by 35% in 2017 - forecast
Digital Market overview featuring recent launches and new Advertising possibilities
o Instagram Rolling Out Ability to Share Multiple Photos and Videos in Single Post
o Major Facebook video update brings autoplay sound, picture-in-picture, and more
o Chatbots: Hype or the real deal?
OOH, Print & Radio shown growth vs 2016
Publicis One in Ukraine announces the launch of creative agency Publicis Ukraine
This document summarizes key points from a seminar on the Indian media and entertainment industry. It finds that:
1) The M&E industry is expected to grow at a strong 13% CAGR from 2009-2014 to reach INR 1091 billion in 2014, recovering from just 1.4% growth in 2009.
2) Television will be the fastest growing segment, posting a 15% CAGR to reach INR 521 billion in 2014. Regional television channels are gaining advertising share.
3) Digital penetration is driving television growth, and subscription revenues are shifting toward broadcasters. Television advertising volumes and spending rebounded in 2009 and are expected to outpace other media.
Telefónica is a global telecommunications company that has grown significantly over the past 85 years through international expansion and acquisitions. It now operates in over 20 countries in Europe and Latin America with over 300 million customers. Telefónica has a unique portfolio as one of the largest telecom companies in the world by total accesses and revenues due to its diversification across markets and commitment to innovation. The company's activities also make important economic and social contributions in the communities it serves.
The document provides a quarterly report for Tele2AB for the first quarter of 2015. It highlights that Tele2 Sweden launched 'Big Buckets' to provide better value to customers and encourage data usage. Mobile end-user service revenue grew 10% year-over-year for the Tele2 Group. The Tele2 Netherlands 4G network coverage reached over 70% of the population. The Challenger Program is expected to deliver SEK 1 billion in annual benefits from 2018 onwards through productivity improvements.
Media Q4FY15 preview: Earning momentum to pick up slowly but surelyIndiaNotes.com
The document provides an earnings preview for media companies for the quarter ending March 2015. It is expected that:
1) Advertising revenue growth will recover to around 10% year-over-year for the sector, with Zee Entertainment expected to report over 15% growth.
2) Aggregate profit after tax growth will be around 7% year-over-year for the quarter, excluding a 32% growth from Zee Entertainment which will be impacted by losses from a new channel launch.
3) Subscription additions for Dish TV are expected to increase compared to the previous quarter, with gross additions forecasted at 0.8 million subscribers.
This document provides a quarterly report for Tele2AB for the fourth quarter of 2015. It highlights that Tele2 and Comviq were awarded for most satisfied customers in 2015. It also notes that 4G coverage is now at 90% in major markets and the commercial launch of the Dutch 4G-only network. Mobile end-user service revenue continued to grow, particularly in data monetization in the Baltic region. EBITDA was up 6% in Sweden while the Challenger program remains on track to achieve 1 billion in savings by 2018. Monetization of data is a key priority moving forward.
The document provides a quarterly report for Tele2AB for Q3 2015. Key highlights include:
- A new CEO was appointed on September 1st and an internal reorganization was concluded to enable execution of the Challenger Program and a more customer-centric focus.
- 4G network coverage reached 90% in the Netherlands and Baltics and 83% in Sweden.
- Strong net intake across the Group, especially in Sweden and Kazakhstan. Mobile end-user service revenue grew 5%.
- The Challenger Program aimed at productivity improvements is progressing according to plan. Strong EBITDA development continued in Kazakhstan.
This document discusses Tele2 Netherlands' plans to obtain an LTE license and become a mobile network operator in the Dutch market. It notes that the Dutch mobile market is dominated by three main players and has high prices and low innovation. Tele2 Netherlands has over 1 million customers and existing fiber optic infrastructure that could support an LTE network. Obtaining spectrum in the 800MHz and 2.6GHz bands would allow it to meet coverage obligations and offer speeds up to 100Mbps. Becoming a full MNO could provide an opportunity for Tele2 to further grow in the Netherlands with a focus on 4G services.
MTGQ2 2014 FINANCIAL RESULTS
Sales were up 13% at constant FX rates and 3% on an organic basis. Operating profits increased despite investments, with higher growth and margins in the Nordic regions offsetting unfavorable FX impacts and last year's one-offs elsewhere. Nice, MTGx and Radio saw strong organic growth and profits. The quarter showed healthy top-line growth and margin expansion, though some markets faced challenges from declining ad sales and geopolitical factors.
Tele2 reported financial results for the third quarter of 2016. Key highlights include:
- Mobile end-user service revenue increased 6% to SEK 3.64 billion.
- EBITDA declined slightly by 2% to SEK 1.56 billion.
- Net sales grew 3% to SEK 6.96 billion.
- Momentum continued in Sweden, the Baltics, and Kazakhstan with growth in mobile revenue. The Netherlands saw mobile revenue growth offset by a decline in fixed revenue.
Tele2 reported financial results for the second quarter of 2016 that showed growth in key metrics such as mobile end-user service revenue despite challenges in some markets. Several highlights included Sweden achieving the best 4G coverage among Nordic operators, continued strong data monetization in the Baltics, and significant customer intake in the Netherlands. The Challenger program remains on track to deliver annual savings. Overall, Tele2 is making progress on its strategy while facing headwinds in some legacy fixed-line businesses.
Tele2 is announcing a joint venture with Kazakhtelecom to combine their mobile businesses in Kazakhstan, Altel and T2KZ. Tele2 will have a 31% economic interest in the joint venture. The transaction is expected to close in Q1 2016. The joint venture will have improved scale and a stronger competitive position as the #3 operator. Significant cost synergies and data monetization opportunities are expected. Strong corporate governance procedures will be put in place, with Tele2 maintaining management control.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
In the first quarter of 2017, Tele2AB Group reported the following highlights:
- Mobile end-user service revenue increased 19% to SEK 3.7 billion.
- EBITDA grew 41% to SEK 1.7 billion.
- Net sales were up 22% to SEK 7.9 billion.
The document then provides details on financial and operational performance in each of Tele2's markets in the first quarter, and reconfirms its financial guidance for 2017.
This document provides an overview of RTL Group's full-year 2020 results. Key points include:
- Revenue decreased 9.5% to €6,017 million due to declining TV advertising markets and lower content production during COVID-19.
- Adjusted EBITA decreased 26.2% to €853 million and the margin was 14.2%.
- Profit for the year decreased 27.7% to €625 million mainly due to lower Adjusted EBITA.
- Paying subscribers for streaming services TV Now and Videoland increased 52% to 2.19 million.
- The board proposed a dividend of €3.00 per share for 2020, representing a dividend yield
The document provides financial and operational highlights for Tele2 AB for Q2 2017:
- Net sales grew 18% driven by increases in mobile end-user service revenue and EBITDA increased 50% due to higher service revenue and integration synergies.
- Mobile end-user service revenue growth was driven by increases in the consumer segment, higher ASPU, and a larger share of customers opting for bundles over 3GB of data.
- Integration synergies from the TDC acquisition were ahead of plan, achieving SEK 53 million in the quarter mainly from migrating MVNO customers.
- The Kazakhstan joint venture continued its strong momentum, growing net sales 35% and EBITDA 39% through
Tele2 reported strong third quarter 2017 results with mobile end-user service revenue growth of 9% and EBITDA growth of 21%. The Netherlands and Kazakhstan performed particularly well, with mobile revenue growth of 27% and 19% respectively. The Challenger Program remains ahead of plan to deliver over SEK 850 million in benefits for 2017. Tele2 upgraded its full-year 2017 financial guidance and remains focused on further growing mobile data revenue across its markets.
- Tele2's Q1 2014 financial performance was in line with guidance, with net sales of SEK 7.11 billion and EBITDA of SEK 1.38 billion.
- Mobile end-user service revenue grew 3.0% for the group. Net customer intake was 68,000.
- Key highlights included positive EBITDA in Kazakhstan, growth in Sweden and the Netherlands, and ongoing strategic reviews in Norway and Germany.
- CAPEX was SEK 0.96 billion as Tele2 continued investing in network rollouts.
The main Media Market Trends & News we would like to share with you in this issue are the following:
Brief TV Market overview
o Ukrainian TV commercial market is going to grow by 35% in 2017 - forecast
Digital Market overview featuring recent launches and new Advertising possibilities
o Instagram Rolling Out Ability to Share Multiple Photos and Videos in Single Post
o Major Facebook video update brings autoplay sound, picture-in-picture, and more
o Chatbots: Hype or the real deal?
OOH, Print & Radio shown growth vs 2016
Publicis One in Ukraine announces the launch of creative agency Publicis Ukraine
This document summarizes key points from a seminar on the Indian media and entertainment industry. It finds that:
1) The M&E industry is expected to grow at a strong 13% CAGR from 2009-2014 to reach INR 1091 billion in 2014, recovering from just 1.4% growth in 2009.
2) Television will be the fastest growing segment, posting a 15% CAGR to reach INR 521 billion in 2014. Regional television channels are gaining advertising share.
3) Digital penetration is driving television growth, and subscription revenues are shifting toward broadcasters. Television advertising volumes and spending rebounded in 2009 and are expected to outpace other media.
This document provides an overview of MTG, a media company that broadcasts TV channels and acquires content rights. It includes profiles of three executives, details on MTG's content spending and programming hours. It also outlines MTG's strategy for acquiring rights from Hollywood studios and independent producers. MTG aims to leverage its footprint across platforms and regions to negotiate the best deals. The document discusses industry trends like increased demand for premium scripted content and the growing importance of own productions. It provides an overview of MTG's studio operations and strategy to strengthen vertical integration and build a high-margin content business.
Modern Times Group reported strong financial results for Q4 2013, with accelerated sales growth of 14% driven by increased audience shares and subscriber growth across most markets. Investments in strategic growth areas like content production, digital expansion, and emerging markets delivered higher profits despite rising costs. The company proposed a record high annual dividend as it continues to balance investments for future growth with shareholder returns.
Modern Times Group reported record first quarter 2010 financial results, with 10% year-over-year sales growth at constant exchange rates and operating income more than doubling year-over-year. Key highlights included strong performance in the Scandinavian free-TV and Pay-TV Nordic segments, with 15% and 6% sales growth respectively at constant exchange rates. The company also showed sales increases and market share gains across various emerging market segments, while continuing to implement cost reduction programs to improve operating margins.
MTG is an integrated and diversified TV operator with operations spanning pay-TV, free-TV, radio, and digital in Nordic and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32% due to strong performance in the Nordic and emerging markets segments. MTG has a successful track record of profitable growth over 10 years and a unique business model that is integrated, diversified, and platform agnostic with a focus on growing its content offerings and digital capabilities.
Peter Nørrelund is the Head of Sport at Modern Times Group and has over 15 years of experience in sports broadcasting and rights acquisitions. He has secured key broadcasting rights for MTG through 2022 for top European soccer leagues and championships. These rights will provide diversified, top-tier sports programming across multiple MTG channels and platforms. MTG's centralized acquisition process and pan-territorial buying power allow it to leverage its portfolio to acquire future rights directly at better values.
This document contains 3 summaries of the key information:
1) Kim Aagren Poder is the CEO of Free-TV Denmark, having joined MTG in 1999 and held several leadership roles in the company.
2) Free-TV Denmark has significantly outperformed the TV ad market and holds the highest first quarter audience share ever. TV retains a majority share of media spending in Denmark while internet advertising is expanding.
3) TV3 Play, MTG's AVOD service, is the largest commercial video on demand publisher in Denmark and has doubled its viewing and revenue year-over-year. The digital spin-off of the TV show Paradise Hotel was very successful online.
Key Trends in the European Audiovisual MarketChristian Grece
Key Trends presentation on the EU audiovisual market. Pay TV, commercial TV, public TV and Home Entertainment and their evolution the past 5 years. SVOD and TVOD and the impact of digital business models on the traditional EU TV market.
Modern Times Group reported record first quarter sales with double-digit growth. Sales were up 13% at constant currency rates and 5% on an organic basis. Organic growth was accelerated in Free-TV Scandinavia and Pay-TV Nordic due to Olympics coverage in Sweden. Double-digit organic growth also occurred in Pay-TV EM and content production businesses. Profits grew year-over-year for the first time in two years in Pay-TV Nordic. Overall profitability was impacted by seasonal effects, investments in the Olympics, new channel launches and digital investments. While higher operating margins are expected in Pay-TV Nordic for the full year, expectations for profits in Pay-TV EM were not reiterated due to
The document discusses MTG's strategy for its pay-TV business in the Nordic region in response to changing viewing behaviors and increased competition from OTT services. MTG plans to address these changes by making its content and products more widely available anytime, anywhere on any platform through its Viaplay service. It aims to maintain its leadership in content while growing revenues from IPTV networks and OTT/top-up products to capitalize on the growing addressable market beyond traditional DTH subscribers.
“The kingdom of content” and “the creation of sustainable stakeholder value”,...Modern Times Group MTG AB
The document provides an overview of Modern Times Group (MTG), a media company that reaches over 100 million people through its TV and online services. MTG has a growth strategy based on three pillars: geographic expansion into emerging markets, growth of its digital offerings as consumption moves online, and increasing its value-generating content. MTG has leading positions in sports rights and acquired content. Through recent acquisitions, MTG Studios has become a large international producer and distributor of television content, with operations in 15 countries producing over 3,500 hours of content per year. The acquisition of DRG in particular has added global distribution capabilities.
This document provides an overview of Modern Times Group (MTG), a media company with operations across television, radio, and online. It has 5 business segments spanning Scandinavia, the Nordic region, and emerging markets. MTG owns 32 free-TV channels, 11 satellite pay-TV platforms, and has expanded its online offerings through services like Viaplay. The company has a diversified revenue model from advertising, subscriptions, and B2B/B2C services. It aims to invest in content, technology, and expanding its geographic footprint to drive continued profitable growth.
This document discusses MTG's position as a leading entertainment company. It highlights MTG's successful track record of growth over 10 years, with 11% sales CAGR and 15% EBIT CAGR. MTG has a unique and integrated business model across TV, digital, and different regions. It is focusing on content, digital delivery, and geographic expansion to continue driving long-term value creation. MTG is well-positioned for the future as online and mobile video consumption grows due to its large content library and platform-agnostic strategy.
A study on the Indian Media & Entertainment IndustryDivya Liz George
The Indian media and entertainment industry is the third largest in the world, generating around $19 billion in revenue annually. Television is the largest segment, holding around 45% of the market. Other major segments include print, films, radio, music, and digital advertising. All segments have seen strong growth rates over the past few years and total industry revenues are expected to grow at a 13% CAGR to cross $1.9 trillion by 2020. However, the industry faces challenges from issues like piracy, rising costs, and adapting to new digital platforms and technologies.
RTL Group reported strong financial results for full-year 2015, with record revenue of €6.03 billion, up 72.2% over 2014. Digital revenue grew to €0.51 billion, accounting for 8.4% of total revenue. Reported EBITA was a record €1.17 billion, with an EBITA margin of 19.4%. The company saw growth across its broadcast, digital and content businesses. For 2016, RTL Group's strategy is focused on developing video as the heart of its offerings, growing global brands, and capturing further digital growth, as broadcast, digital and content continue to converge into total video.
- MTG reported strong financial results for Q3 2014, with sales increasing 12% at constant FX rates and 5% organically. EBIT excluding associates was up 32% to SEK 215m.
- Free and pay-TV operations in the Nordic region grew sales and profits by 7% and 11% respectively. Mixed results were seen in Eastern Europe, with sales down 1% due to tough comparisons in the Czech Republic.
- Nice, MTGx and MTG Radio saw strong 35% organic sales growth and became profitable in Q3 2014 after losses in the same period the previous year.
- MTG reported strong financial results for Q3 2014, with sales increasing 12% at constant FX rates and 5% organically. EBIT excluding associates was up 32% to SEK 215m.
- Free and pay-TV operations in the Nordic region grew sales and profits by 7% and 11% respectively. Mixed results were seen in Eastern Europe, with sales down 1% due to tough comparisons in the Czech Republic.
- Nice, MTGx and MTG Radio reported strong 35% organic sales growth and returned to profitability in Q3 after losses in the same period last year.
Jørgen Madsen Lindemann, President and CEO of Modern Times Group, presented MTG's Capital Markets Day on shaping the future of entertainment. He outlined MTG's strategy of focusing on digital, local, relevant, and customer-centric content across its 60 channels available in 36 countries. MTG has a track record of innovation in the TV industry, and is well-positioned for continued growth through expanding its digital offerings like Viaplay as online video consumption increases globally. The presentation discussed MTG's various business segments and regional markets, and its vision for further transforming entertainment delivery through an increased digital focus.
In Q3 2014, MTG reported record sales growth of 12% at constant FX and 5% organic growth. EBIT excluding associates was up 32% to SEK 215m. The Nordic free and pay-TV operations grew sales and profits by 7% and 11% respectively. Nice, MTGx, and MTG Radio reported strong organic sales growth of 35% and were profitable. Pay-TV in emerging markets grew sales 25% at constant FX, with mid-single digit organic growth.
MTG is an integrated and diversified TV operator with a strong content arm and digital focus. It has a successful track record of profitable growth over 10 years, with 11% sales CAGR and 18% EBIT CAGR. MTG has a unique platform that is integrated, diversified, platform agnostic, and decentralized. It has a bright future as it is content rich and at the forefront of innovation and technology with a strong cash flow and balance sheet. MTG will continue long term value creation through its clear growth strategy focused on content, digital expansion, and cost focus/operational excellence.
MTG is an integrated and diversified TV operator with a strong content arm and digital focus. It operates in 131 countries and reaches over 150 million people. MTG has a successful track record of profitable growth over the past 10 years. It plans to continue its growth strategy through focus on content, digital expansion, and geographic expansion to shape the future of entertainment. As the largest content buyer, MTG is well positioned with popular content like TV shows, sports, and games.
MTG has established a successful business model over 10 years with 11% sales CAGR and 15% EBIT CAGR. It has a unique integrated and diversified platform that is well-positioned to take advantage of rising video consumption and digital delivery. MTG's focus on content, operational excellence and geographic expansion provides a clear strategy for long-term growth and value creation.
MTG is an integrated and diversified TV operator with operations in pay-TV, free-TV, and radio across the Nordic region and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32%. MTG has a successful track record of profitable growth over 10 years and has a unique business model that is integrated, diversified, and platform agnostic. MTG also has a strong content arm and is the largest content buyer in the Nordic region, positioning it well for continued growth.
Tele2 reported financial results for the fourth quarter of 2016. Mobile end-user service revenue increased 14% to SEK 3.71 billion driven by growth in Sweden, the Baltics, and the Netherlands. EBITDA increased 9% to SEK 1.46 billion despite investments related to the acquisition of TDC Sweden and the mobile launch in the Netherlands. Looking ahead, Tele2 provided financial guidance for 2017 forecasting mid-single digit growth in mobile end-user service revenue and EBITDA between SEK 5.9-6.2 billion.
Wallbreaker Dynamics aims to revolutionize the TV industry by allowing live polls and social media integration directly into TV broadcasts, reaching audiences of millions. Led by CEO Martin Kløft and a team of 12 employees, they have developed a platform and app called Wallbreaker to enable polls between devices and TV networks. They have received $300,000 in initial funding and are seeking $2.5 million more to further develop their product and expand into Scandinavian and European markets, potentially reaching over 200 million weekly viewers. Their revenue model is based on a subscription fee from TV networks and shows.
Four of the top 10 biggest pay-TV markets are located in Asia Pacific. Pay-TV revenues in the region are expected to reach $33.9 billion in 2014 and continue growing to $43.9 billion by 2018, fueled by a boom in digital TV. Digital cable TV currently makes up over half of pay-TV revenues, with digital TV penetration reaching over 90% by 2015 and pay-TV subscribers growing from 420 million in 2013 to an estimated 663 million by 2016 across Asia Pacific.
MTG is a diversified TV operator with businesses in pay-TV, free-TV, and digital media. It generates revenue from advertising (44%) and subscriptions (47%). MTG operates across the Nordic region, emerging markets, and globally via content distribution. It has a strong content business and focus on digital platforms and expansion into new geographies. MTG has a successful track record of growth and aims to continue creating long term value through its content, digital, and geographic expansion strategies.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
This document lists 4 drivers from 2008 to 2013 with the 5th listing regions of LatAm, Middle East, and Asia Pacific. It also mentions tracing mobile content and repackaging linear content for non-linear viewing.
Frozen was a popular Disney film that was viewed by many people. Internal data from Disney shows that Frozen had a high share of viewers and that individual users watched it multiple times. The document appears to be analyzing viewership data for the Disney film Frozen.
The document contains numerical data showing three values: 200, 100, and 0. It appears to be presenting quantitative information but without any additional context it is difficult to determine what specifically is being measured or represented.
The document discusses a new policy but does not provide any details about the specific policy, its goals, impacts, or reasons for being introduced. No information is given in the document to summarize.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Marek Singer is the Executive Vice President of MTG's Central European Broadcasting operations. He discussed how MTG is well positioned in Central and Eastern European markets where TV advertising revenues are rebounding after declining between 2008-2012. While product prices are equivalent to Western Europe, advertising prices in CEE markets remain much lower, providing an opportunity for growth. MTG has strengthened its position in these markets and increased its mini-pay TV offerings and online presence.
- Mathias Hermansson is the Chief Financial Officer of Modern Times Group and has held various senior financial positions within the company since 1999.
- Modern Times Group focuses on three cornerstones for long-term value creation: growth through geographical expansion into new countries, expanding its digital content offerings, and making strategic acquisitions.
- The company has a track record of strong financial performance over the last decade with annual sales and EBIT growth, high returns on capital employed, and over SEK 8 billion distributed to shareholders through dividends and share buybacks.
This document discusses MTG's operations and growth opportunities in Africa. It provides an overview of Joseph Hundah, the EVP of MTG's African operations, and highlights strong economic growth trends in sub-Saharan Africa. MTG has had success with its Viasat1 channel in Ghana, which has experienced 60% sales growth. MTG plans to launch a channel in Tanzania in Q4 2013, which is among the top 10 growth economies in the world. The document also notes opportunities for TV production, format development, and mobile/online content across Africa as broadband and smartphone access expands rapidly.
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Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
2. THE STORY
A SUCCESSFUL TRACK
RECORD (10Y)
A UNIQUE PLATFORM
A BRIGHT FUTURE
INTEGRATED &
DIVERSIFIED
RISING VIDEO
CONSUMPTION
25% ROCE (AV)
TV EVERYWHERE &
FOR EVERYONE
CONTENT RICH
15% TSR CAGR
DECENTRALIZED
10% SALES CAGR
17% EBIT CAGR
DIGITAL DELIVERY &
ENGAGEMENT
2
3. LONG TERM VALUE CREATION
BASED ON CLEAR GROWTH STRATEGY
CONTENT
DIGITAL
GEO EXPANSION
Multi-platform & country content
acquisition & monetization strategy
Leading content creator, producer &
distributor
First to market full service SVOD
OTT operator & leading AVOD player
+ wide range of new products &
services
Focus on roll-out of new products to
existing markets + expansion in CEE
& Africa
3
4. CONTENT REMAINS KING
WE ARE THE BIGGEST BUYER IN TOWN
TOTAL NUMBER OF BROADCAST HOURS (2013)
1,000,000
900,000
879,470
800,000
700,000
600,000
481,800
500,000
394,200
400,000
297,840
300,000
236,520
210,240
CME
Pro7
200,000
100,000
0
MTG
RTL
Bonnier
Mediaset
Source: MTG Research
4
6. OUR IN-HOUSE STUDIOS BUSINESS
HAS QUADRUPLED IN SIZE
TOP 5 TV PRODUCERS IN THE NORDICS
(BY SALES 2012)
TOP 10 CONTENT DISTRIBUTORS
(RATED BY UK INDEPENDENT TV PRODUCERS)
HIGHEST RATED
1
BBC WW
1
BBC WW
2
ITV Global
2
DRG
3
DRG
3
Zodiak Rights
3
Zodiak Rights
4
ITV Global
3
Shine
5
Fremantle Enterprises
6
Fremantle Enterprises
6
Endemol WW
6
Endemol WW
7
Electric Sky
6
DCD Media
8
Passion Distribution
6
+
MOST USED
All3Media
9
All3Media
10
Passion Distribution
9
Sky Vision
Source: Televisual Distributor Poll, September 2013
#1 IN THE NORDICS…EXPANDING EMERGING MARKETS
FOOTPRINT…GLOBAL DISTRIBUTION CAPABILITY
6
8. VIDEO CONSUMPTION IS GROWING
VIDEO USAGE IN THE USA – MINUTES PER DAY PER USER (2+)
350
358
357
365
+18%
CAGR
337
NON – LINEAR
323
NON-LINEAR
ONLINE VIDEO
MOBILE VIDEO 1
TIME SHIFTED 2
+1%
CAGR
LINEAR
TRADITIONAL
LINEAR TV
Q1 ’08
Q1 ’09
Q1 ’10
Q1 ’11
Q1 ’12
Q1 ‘13
1 Data for Q1 2008 as of May 2008; Mobile video data referring to watching Video via phone
2 Data for all TV households (significantly higher for household that own a DVR)
SOURCE: Nielsen Cross Platform reports
8
10. DEVELOPING FAST
WITH A WIDE RANGE OF DIGITAL PRODUCTS
ViaPlay Premium VOD
TV, Movies and Sports
Free VOD TV Channels
Ad Financed Services
Free VOD Sport Clips
Ad Financed Service
Free Music Streaming
Ad Financed Service
Mobile TV Companion
2nd Screen Application
Download Games Store
Transaction Service
Klipster Coupon Service Online
to Store App
Vertical video content sites
style, family, food, cool etc.
10
11. MTGX - THE GROUP PLATFORM
TO ACCELERATE DIGITAL GROWTH
xPLAY
xVENTURES
xCREATIONS
xLABS
Viaplay
TV play
Sports
Music
Games
Like.TV
Mobisodes
Webisodes
TV extensions
Web / Apps
Social
Sign-on
(World class VOD)
(Build portfolio of services)
(Digital first productions)
(Digital development)
11
12. BUT EACH MARKET IS DIFFERENT
DIGITALISATION TIMELINE
TV AD MARKET SIZE (USD MN)
4,448
CZECH
RUSSIA
REPUBLIC
CZECH
REPUBLIC
401
SWEDEN
2007
2012
2015
BROADBAND PENETRATION
Czech
849
Sweden
PAY–TV PENETRATION
87%
86%
63%
45%
40%
Russia
Russia
37%
Czech
Sweden
Czech
Russia
Sweden
12
13. HUGE POTENTIAL
DIGITAL DECISION TIME FOR 150 MILLION RUSSIANS
38% OWNERSHIP IN CTCM
EUROPE'S BIGGEST TV AD
MARKET IN 2015
OWN 5 OUT OF TOP 20 PAY
CHANNELS INC. TOP 2 – MORE
THAN 60 MN SUBSCRIPTIONS
HD PREMIUM PACKAGE ROLL-OUT
13
14. THE NEXT BIG THING
SSA = 7/10 FASTEST GROWING ECONOMIES 2011-15
#2 FREE-TV CHANNEL IN
GHANA & SOON TO LAUNCH IN
TANZANIA
PAY-TV CHANNELS NOW
AVAILABLE IN 6 COUNTRIES
ESTABLISHED CONTENT
PRODUCTION & DISTRIBUTION
PLAYER
14
15. WE CAN CONTINUE TO INVEST
DUE TO OUR ASSET LIGHT & CASH GENERATIVE SET-UP
NET DEBT (SEK MN)
STRONG CASH FLOW GENERATION (SEK MN)
2,500
4,000
3,500
2,000
3,000
2,500
1,500
2,000
1,000
1,500
1,000
500
500
0
2008
2009
2010
2011
2012
Sep-2013
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 LTM
15
17. Q3 2013 – HIGHLIGHTS
INVESTING IN MOMENTUM
Sales up 9% at constant FX - all 5 segments reported local currency sales growth for first time since Q1 2011
FTV Scandi – growing again on a combined basis & positive traction to Fall schedules (new channel coming in Norway)
FTV EM – advertising market share gains in almost all territories in soft markets (new channel coming in Tanzania)
PTV Nordic – rising Viaplay volumes & Viasat ARPU driving sales growth & operating margin of 11.9%
PTV EM – healthy sales growth driven by mini-pay Russia & profitability in line with ongoing HD roll-out
Acquisition of Nice Entertainment establish MTG Studios as a scale international content production & distribution player +
MTGx digital accelerator established
Continued strong cash flow generation & low gearing enable ongoing investment in growth & shareholder returns
Coverage of the Winter Olympics will boost sales and adversely impact Q1 2014 profits for both the Nordic pay-TV and
Scandinavian free-TV businesses
17
18. Q3 IN FIGURES
GROWTH & INVESTMENTS
Sales up 9% y-o-y at constant FX
Q3 in brief
2012
Jul-Sep
2013
Jul-Sep
2,940
3,204
Growth (at constant FX)
-1%
9%
288
162
9.8%
5.0%
422
289
14.4%
9.0%
Organic growth at 5%
Sales (SEKm)
EBIT margin (excl. associates) of 5.0%
OpEx up 15% at constant FX and 11% organically
EBIT excl. associates
Significant investments in Nordic & Emerging Markets pay-TV
businesses to drive future growth
EBIT margin excl. associates
Continued strong cash conversion
Total EBIT
Total EBIT margin
Working capital change in the quarter reflecting the timing of
programming payments. Still under strict control
Cash flow from operations
237
210
Dividend stream from CTC Media of SEK 62m (51)
Changes in working capital
65
-160
Acquisition of DRG, Novemberfilm and Net info
Net cash flow from operations
302
49
18
19. FREE-TV SCANDINAVIA
GROWTH BACK INTO POSITIVE TERRITORY
STABLE SALES (Y-O-Y) AT CONSTANT FX
EBIT (SEK MN) AND EBIT MARGIN (%)
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
-8%
-10%
250
25%
200
20%
15.4%
150
13.3%
15%
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
100
10%
50
5%
0
0%
Q3 2012
EBIT
Q3 2013
EBIT margin
OPEX GROWTH (FY 13) STILL EXPECTED TO BE AT THE HIGHER END
OF THE MID-SINGLE DIGIT PERCENTAGE RANGE
19
20. FREE-TV SCANDINAVIA
WEAK START BUT STRONG ENDING TO THE QUARTER
CSOV (15-49) – Q3 2013 VS Q3 2012
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
CSOV (15-49) – 2006 TO 2013 (YTD)
40
35.8 34.7
35
25.8
21.6
30
18.5 17.3
25
20
15
10
Sweden
Q3 2012
Denmark
Norway
Q3 2013
2006
2007
Sweden
2008
2009
2010
2011
Denmark
2012 9m 2013
Norway
WITH FURTHER OPPORTUNITIES – HOWEVER THERE IS A
LAG BETWEEN AUDIENCE SHARES AND AD SHARES
20
21. FREE-TV EMERGING MARKETS
STRONG GROWTH – TOUGHER COMPS AHEAD
21% SALES GROWTH (Y-O-Y) AT CONSTANT FX
EBIT (SEK MN) AND EBIT MARGIN (%)
30%
3.8%
50
20%
8%
6%
100
25%
4%
2%
15%
0
10%
0%
-50
5%
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
0%
-5%
7.9%
150
35%
-2%
-100
-4%
Q3 2012
9m 2012
EBIT
Q3 2103
9m 2013
EBIT margin
IMPROVED PROFITABILITY BUT CONTINUED INVESTMENTS
AT THE SAME TIME AS GROWTH IS EXPECTED TO MODERATE
21
22. FREE-TV EMERGING MARKETS
AUDIENCE SHARE GAINS IN ALMOST ALL MARKETS
CSOV (15-49) – (%)
60
50
TV AD MARKETS IN MTG TERRITORIES
47.0 50.0
40.4
40
28.4
30
32.8
36.0
20
10
0
Baltics
Bulgaria
Q3 2012
Czech Rep.
10
9
8
7
6
5
4
3
2
1
0
Q3 2013
SEK
8.6 bn
2008
SEK
5.4 bn
2012
SEK 3.2 BN OR 60% GROWTH POTENTIAL IF WE
SEE A FULL RECOVERY IN THE TV AD MARKET
22
23. PAY-TV NORDIC
PROFITABILITY INLINE WITH EXPECTATIONS
7% SALES GROWTH (Y-O-Y) AT CONSTANT FX
EBIT (SEK MN) AND EBIT MARGIN (%)
12%
300
10%
250
8%
200
6%
150
4%
100
2%
50
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
0%
20%
15.9%
15%
11.9%
10%
5%
0
0%
Q3 2012
EBIT
Q3 2013
EBIT margin
LOOK FOR A MARGIN OF 11-12% FOR 2013 AND
HIGHER MARGIN 2014 DESPITE THE WINTER OLYMPICS
23
24. PAY-TV NORDIC
VIAPLAY VOLUME & VIASAT ARPU GROWTH
PREMIUM SUBSCRIBER DEVELOPMENT (‘000)
ARPU FOR PREMIUM DTH (SEK) - ANNUALIZED
1,200
5,200
1,000
5,000
800
4,800
600
400
4,600
200
4,400
Satellite subscribers
3'rd party network subscribers
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
0
4,200
4,000
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2011 2011 2011 2012 2012 2012 2012 2013 2013 2013
OVERALL SUBSCRIBER BASE UP IF YOU INCLUDE
VIAPLAY BUT PREMIUM DTH DOWN AS ANTICIPATED
24
25. PAY-TV NORDIC
OTT OPENS UP A NEW WORLD
PC/MAC
SMART
PHONES
TABLETS
OVER THE TOP
9 MN
HOUSEHOLDS
+ VIRTUAL OPERATOR
GAME
CONSOLES
SMART TVSETS
4.2 MN
HOUSEHOLDS
TV SET-TOP
BOXES
OTT STB
DTH
1.6 MN
HOUSEHOLDS
FIRST TO MARKET DRIVEN BY AN EARLY DECISION TO HAVE A
PLATFORM AGNOSTIC APPROACH
25
26. PAY-TV EMERGING MARKETS
RUSSIA DRIVES GROWTH & INVESTMENTS
7% SALES GROWTH (Y-O-Y) AT CONSTANT FX
EBIT (SEK MN) AND EBIT MARGIN (%)
25%
80
25%
70
20%
60
50
15%
20%
17.9%
15%
40
10%
9.7%
30
20
5%
5%
10
0
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
0%
10%
0%
Q3 2012
EBIT
Q3 2013
EBIT margin
EXPECT TO ACHIEVE A BETTER THAN BREAKEVEN EBIT RESULT FOR FY13
WITH RISING PROFITABILITY LEVELS IN 2014
26
27. PAY-TV EMERGING MARKETS
CONTINUED STRONG SUBSCRIPTION GROWTH
SUBSCRIBERS / SUBSCRIPTIONS (‘000)
INVESTING INTO THE HD MARKET IN THE CIS
100
90
80
70
60
50
40
30
20
10
0
700
600
500
400
300
200
100
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 9m
2013
Mini-Pay subscriptions (million)
DTH ('000)
395
RUB
($13)
=
ADDED ALMOST 16 MILLION MINI-PAY
SUBSCRIPTIONS SINCE LAST YEAR TO A TOTAL OF 91 MILLION
27
28. PAY-TV EMERGING MARKETS
MARKETS DRIVEN BY PENETRATION & DIGITALIZATION
DIGITAL PAY-TV HOUSEHOLDS (MILLIONS)
IN EASTERN EUROPE
RUSSIA & UKRAINE: PREMIUM PAY REVENUES
EXPECTED TO THREEFOLD (MILLIONS USD)
35
30
24
25
30
15
12
1
2
2006
2007
10
4
6
15
300
269
250
21
20
212
200
18
161
150
9
114
100
50
8
13 20
40
65 58 64 70
WE OWN 5 OUT OF THE TOP 20 PAY CHANNELS
IN RUSSIA INCLUDING THE TOP TWO
Note: Measured by Average Monthly Reach
28
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2005
0
0
2004
5
27
322 334
350
30. SUMMARY
SHAPING THE FUTURE OF ENTERTAINMENT
Accelerated sales growth following investments in content, digital and geographical expansion
Established Nordic free & pay-TV operator with leading online positions
Expanding emerging market presence + largest shareholder in CTC Media
Scale content production & distribution arm + MTGx digital accelerator
Commitment to growth & shareholder returns supported by high cash conversion & low gearing
30
31. THANK YOU!
MTG INVESTOR RELATIONS
FOR FURTHER INFORMATION, PLEASE VISIT
WWW.MTG.SE, TEL: +46 (0) 73 699 2714 OR
EMAIL: INVESTOR.RELATIONS@MTG.SE
31