Team17 Group plc (TSVNF) Q2 2024 Earnings Call Transcript

Team17 Group plc (OTCPK:TSVNF) Q2 2024 Earnings Conference Call September 17, 2024 3:30 AM ET

Company Participants

Steve Bell – Chief Executive Officer
Mark Crawford – Chief Financial Officer

Conference Call Participants

James Lockyer – Peel Hunt
William Larwood – Berenberg
Katie Cousins – Shore Capital

Steve Bell

Good morning, everybody, and welcome to Team17 Group’s Interim Results Presentation. I know most of you in the room, but for those of you that who don’t know my name is Steve Bell, I’m the Group CEO and I’ll be presenting the slides today. And Mark Crawford, our CFO will be presenting the financial presentation.

In terms of the presentation itself, it will last about 25 minutes and it will be in three main sections. So the first section will be an introduction and almost like an operating summary where I’ll go through Team17 games label, Astragon and StoryToys in a bit of detail to give you some color to the performance in the first six months of the year. Mark will then go through the financials in quite a lot of detail to give you the insight that you need. I’ll then touch on strategic priorities and also the short-term and mid-term view for the business. So that’s how the presentation will run.

In terms of our first half performance as an executive summary, market beating organic revenues up 11% where we were last year and our adjusted EBITDA is up 18%. So really strong headline financial performance. Really good progress against all of the strategic objectives that I laid out when I presented in April. And I’ll go through those late in more detail later on within the presentation. But every one of them, there’s really good progress and I want to talk about that in a bit more detail with you. And probably the most important thing, we’re