Embracer Group Mergers and Acquisitions Presentation Deck
Asmodee is a leading independent global Board Game platform
Key financials
€
EUR1.1bn business sales in FY21PF
+25% CAGR business sales over 17A-21PF
1.
2.
M +18% CAGR organic business sales over 17A-21PF
40+ bolt-on acquisitions performed since inception
c.22% Adj. EBITDA margin
70-80% average FCF conversion ¹ over 19PF-21PF
Revenue composition (2021PF)
Diverse across geographies
EUR1.1bn
North America
-30%
Partner
IP
EIO
~70% Owned
IP
■Rest of Europe
■France
UK
ROW & Others
Source: Asmodee
Notes: Estimates represent Management's latest view on financials and growth rates include Management adjustments
FCF conversion = (Cash EBITDA - Capex - var. in WC)/ Cash EBITDA
#1: France/UK, #2: World, #3: US excl. Exploding Kittens
Commercial KPIs
EUR1.1bn
22 fully-owned studios
300+ owned IPs
970+ games
$7-45m games sold in 2020 (Board Games only)
50+ countries addressed, of which 21 with direct presence
Diverse across activities
Leading market positions² (16% global market share)
■Board Games
Trading Card Games
Digital, Interactive &
Entertainment
■ Other
Diverse across channels
EUR1.1bn
■ Hobby & Independents
■Online retailers
EMBRACER+
GROUP
Multi-specialised
■Mass retailers
Others
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