Investor Presentaiton
Media and Games
Invest
MGI acquires Kingslsle
Leading North American game developer and publishing platform with +50 million of registered gamers
■
Transforming and highly accretive acquisition increasing EBITDA¹ by app. 60%
Strengthens the quality of earnings in MGI's games segment
Purchase price USD 126 million plus highly conditional USD 84 million earn out
depending on revenue achievements
Directed share issue to Oaktree Capital Management, LP ("Oaktree") of KINGSISLE.
EUR 25 million
Oaktree will hold about 9 percent of the MGI shares on a fully diluted basis
"Wizard101, The Harry Potter Of Online Games"
Forbes
A multiple award-winning studio
game
Developers
CHOICE
MASSIVELY
BEST OF THE
DECADE
online
awards
BECKETT MASSIVE ONLINE
GAMER
2011
READER'S
CHOICE
AWARD
WINNER
MASSIVE ONLINE
GAMER
Best MMO
of 2010
Wizard101
(Kingssel
M
MMO Hall
Of Fame
BECKETT MASSIVE ONLINE
GAMER
2009 Reader's
Choice Award
Best Kid-Friendly/
All-Ages MMO
of 2009
Wizard101
KINGSISLE
Revenue of
USD +32m
(e2021)
Adj. EBITDA of
USD +21m
(e2021)
EBITDA
margin of
66%
Purchase
Price
USD 126m
EV/EBITDA
multiple of
6.0x
Oaktree
Capital
EUR 25m
Note 1) Based on Pro Forma Financials Jan-Sep 2020 (unaudited). Carve out of mobile business not related to Wizard and Pirate 101 and adjusted to pre Covid MMO revenue growth rates from 2019 applied for Jan
- Sep 2020 while full operating expenses from the MMO business of 2020 have been included.
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