Ci Games S.a. · GPW:CIG
Ci Games — FY2023 Earnings Presentation
18 slides from Ci Games's earnings presentation, Apr 18, 2024
Slide 1: FY 2023 Results
FY 2023 RESULTS 18 APRIL 2024 PRIVATE & CONFIDENTIAL
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except fo
Slide 3: Globally Recognised Developer & Publisher of High Quality Video Games
GLOBALLY RECOGNISED DEVELOPER & PUBLISHER OF HIGH QUALITY VIDEO GAMES RPG & FPS EXPERTISE • Top rated AA+/AAA developer & publisher on major platforms (Steam, PlayStation, Xbox & Nintendo) • Renowned RPG & FPS game studio, listed on WSE POPULAR IP FRANCHISES • Successful launch of Lords of the Falle
Slide 4: Platform for Growth
PLATFORM FOR GROWTH 20+ 2 25M+ Years of developing & Evergreen IPs Copies sold publishing AA+/AAA FPS & RPG Games 100% 180+ 18 Fully Remote Global Headcount Years avg. experience Organisation from management team PRIVATE & CONFIDENTIAL
Slide 5: Seasoned Management Team
SEASONED MANAGEMENT TEAM Marek is the founder and CEO of CI Games and has been leading the company since its inception in 2002. Darren has over 28 years’ experience working within MAREK TYMINSKI Previously Marek held board and executive positions in electronic entertainment companies and launched hi
Slide 6: Employee Departments
EMPLOYEE DEPARTMENTS QA Sales Executive & Ops Finance Publishing 3% 7% 9% 5% Production 1% 6% Animation Marketing 14% 2% 180+ Total employees 19% Design 17% Art 2% 15% Audio Code *As of 23/1/24 PRIVATE & CONFIDENTIAL
Slide 7: A Global Team
A GLOBAL TEAM Key management operates from multiple geographic locations resulting in further internationalisation of the company SPAIN (62) NETHERLANDS (3) DEVELOPMENT/MANAGEMENT DEVELOPMENT UNITED KINGDOM (38) ITALY (3) MARKETING/SALES/DEVELOPMENT DEVELOPMENT POLAND (28) IRELAND (2) DEVELOPMENT/FI
Slide 8: Key Company Milestones
KEY COMPANY MILESTONES Key turning point: AAA Focus ESTABLISHED (FULLY REMOTE) WARSAW STOCK FOUNDED EXCHANGE MAIN ESTABLISHED MARKET LISTING ESTABLISHED (FULLY REMOTE) 2002 2007 2010 2013 2014 2017 2018 2019 2020 2021 2023 NOW AN EMERGING LEADER IN AAA GAME DEVELOPMENT AND PUBLISHING • Company under
Slide 9: Securing Gameplay, Optimising Content Production, Quality Through Iterations
• Development studio behind Lords of the Fallen • Internal development team of 82 people • Founded in 2020 SECURING GAMEPLAY OPTIMISING CONTENT PRODUCTION QUALITY THROUGH ITERATIONS • Core features developed within a Strike teams • Combination of internal and external production • Strike teams secur
Slide 10: Achieving an Epic Narrative, Crown System, Working Remotely
• Development studio behind Sniper Ghost Warrior • Major transition in 21/22 with new rebrand and full internal restructure focusing on global talent • Currently developing Project Survive • Internal development team of 53 people ACHIEVING AN EPIC NARRATIVE KEEPING THE TEAM FOCUSED WITH WORKING REMO
Slide 11: Strategic Pillars & Timeline
STRATEGIC PILLARS & TIMELINE Target Release: 2026. Capitalising on recognition and success within Action-RPG, driven by Lords of the Fallen, a new title built around more ambitious gameplay options for wider audience appeal. Strong potential for premium and free post launch content & expansion updat
Slide 12: Lords of the Fallen in Numbers
LORDS OF THE FALLEN IN NUMBERS COMMERCIAL TOP 10 TOP 20 1.3m ~50% ~45% Best-selling games across Best-selling games across Of sales in North America Copies sold Deluxe Edition ($79.99) Europe in Oct ‘23 US in Oct ‘23 (Until 31/12/23) MARKETING 214M 12.7K 2.9M 10 1.3B 14M Campaign Views Articles Gene
Slide 13: Review Scores
9/10 9/10 9/10 \ME: \MESPEW GAMETYRANT SHACKNEWS 9.5/10 9/10 1000) PCINVASION FEXTRALIFE ~ V4 Y\¢ : VY YW. X § 8/10 YE 8/10 ( 8/10 Ye sito} f 8/10 ¥ ¢ 9710 8/10 y TECHRADAR 4 ATTACK OF $ : TWINFINITE >) GAMING P< SS) reransoy 12 f i ‘ws i f 8/10 ¥ °¥ 8/10 OR = i VIDEOGAMER, \ i, at 4 WEGOTTHIS g = a
Slide 14: Media Accolades
MEDIA ACCOLADES “exploration… feels better than “Some of the best boss fights in arguably any other Soulslike... “A technological and visual the genre's recent history… marvel… I was obsessed until arguably one of the best not oozes creativity… the combat made by FromSoftware” the end… spectacular”
Slide 15: Post-Launch Development
POST-LAUNCH DEVELOPMENT • Since launch, HEXWORKS has released over 30 major updates • Continues to work diligently with Epic, AMD, Intel, and NVidia • On 7th Nov, released post-launch free content roadmap to resounding positive reception • Weekly updates continue to enhance stability, performance, o
Slide 16: 2023 Income Statement
2023 INCOME STATEMENT PLNm • 2023 net revenue totalled PLN 245,0m, with Lords of 2023 2022 the Fallen generating PLN 203m (83%) of annual consolidated sales. The amount of sold units of Lords of the Fallen reached almost 1.3M. Net revenue from sales 245.0 56.7 • COGS included mainly amortization of
Slide 17: Balance Sheet & Cashflow
BALANCE SHEET & CASHFLOW • As of 31.12.2023 total assets increased by 53% which was attributable mainly to investment in the PLNm games and working capital items. Balance Sheet 31-Dec-23 31-Dec-22 Cash and cash equivalents 30.2 6.6 • Intangible assets amounted to PLN 168.7m, (net Total assets 275.0
Slide 18: Thank You
THANK YOU PRIVATE & CONFIDENTIAL