year-end report 2017 - netent · year-end report. 2017. february 15, 2018. agenda q4 highlights...
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Year-end report2017
February 15, 2018
Agenda
Q4 highlights Financial update Product update Outlook Q&A
Key eventsQ4 2017
New customers: 8 signed and 11 launched
Customer agreement signed with Caliente in Mexico
New digital marketing service launched together with Ve Global
Mobile Black Jack for Live Casino was launched
Revenues & Operating Profit by Quarter
Revenues +4.7% y-o-y in SEK
Revenues +4.2% y-o-y in EUR
EBIT -3.9% y-o-y
EBIT margin of 35.8% (39.0%)
323345 352 357
400 398 407 401419
0
50
100
150
200
250
300
350
400
450
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
SEKm
Revenues Operating profit
150
Revenues & Operating Profit FY 2017
Revenues +11.7% y-o-y
EBIT +9.5% y-o-y
EBIT margin of 36.1% (36.8%)
631
852
1 132
1 455
1 625
0
200
400
600
800
1 000
1 200
1 400
1 600
1 800
2013 2014 2015 2016 2017
SEKm Revenues and operating profit in the past five years
Revenues Operating profit
587
Game Transactions by Quarter
A record of 11.2 billion transactions
+18.1% y-o-y
Bn
8,2
8,9 8,8 8,6
9,59,8 10,1 10,2
11,2
0
2
4
6
8
10
12
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
Costs & Investments by Quarter
Total costs +10.2% y-o-y
Personnel costs +14.3% y-o-y
Other costs +4.6% y-o-y
Total investments -19.8% y-o-y
0
40
80
120
160
200
240
280
320
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17D&A Other expenses Personnel Investments, intangibles Total investments
SEKm
Mobile Growth
0%
10%
20%
30%
40%
50%
60%
Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17
54%
Mobile share of NetEnt gamewin
Note: Gamewin split as per Q4, 2017. Previous quarter in parenthesis.
SLOTS90% (90%)
TABLEGAMES9% (9%)
OTHER GAMES1% (1%)
Gamewin Breakdownby Product
114
244
338
390423
0
60
120
180
240
300
360
420
480
2013 2014 2015 2016 2017
SEKm
Cash flow after investments, last five years
Free Cash FlowLast Five Years
Free cash flow grew by 8.4% in 2017 to 423 SEKm for FY 2017
Net cash position of 387 (495) SEKm at year-end 2017
Proposed cash distribution to shareholders of 540 SEKm(2.25/share)
Game ReleasesQ4 2017
News from ICEBranded Games
News from ICEFirst VR Game
News from ICELive Beyond Live
Future Outlook
Growth drivers 2018: 20 new games, regulated markets, mobile,
30 new customers to be launched
Long term: Asia, Live Casino, Retail, Americas, Programmatic service