Embracer Group Ab Class B · OMXSTO:EMBRAC_B
Embracer Group Ab Class B — THQ Nordic — Merger or Acquisition (November 2018)
16 slides from Embracer Group Ab Class B's merger presentation, Nov 14, 2018
Slide 1: THQ Nordic AB (publ) acquires Coffee Stain
THQ Nordic AB (publ) acquires Coffee Stain Investor Presentation November 14, 2018
Slide 2: Highlights
Highlights Business Deal Future Leading Nordic game Upfront consideration of Strong pipeline of new game releases will developer and publisher SEK 392m payable at closing generate profitable growth - equivalent to SEK 3171m on a cash and debt free basis 9 owned or published IPs including Goat Simula
Slide 3: Coffee Stain Group
Coffee Stain Group A successful Nordic game Developer & Publisher Management Quick facts Anton Westbergh Tim Badylak 2010 45 CEO CEO Founded Employees Coffee Stain Group, Coffee Stain Publishing Co-founder Co-founder 9 11 Johannes Aspeby Sebastian Erikson # of IPs Games released CEO CEO in portfolio
Slide 4: Coffee Stain Group: A strong record of developing and publishing games
Coffee Stain Group A strong record of developing and publishing games Super A Story About The Westport Deep Rock I<3 Strawberries Sanctum Sanctum 2 Goat Simulator Puppet Fever Sanctum TD My Uncle Independent Galactic 2010 2011 2012 2013 2014 2015 2016 2017 2018 Sales Coffee Stain Acquires Coffee Sta
Slide 5: Coffee Stain Studios
Coffee Stain Studios Where it all started Key People Quick facts Founded in 2010 by 9 friends at University of Skövde Johannes Aspeby CEO/Studio Manager Currently 24 employees Co-founder Increased development capabilities through acquisitions of Gone North Games (Coffee Stain North) and Lavapo
Slide 6: Sanctum
Sanctum A Successful Franchise Built on Owned IP Developer: Coffee Stain Studios Publisher: Coffee Stain Publishing Genre: Tower Defense FPS Positive 90% reviews Modes: Single Player / Co-op (4 player) SANCTUM Platforms: Windows, Mac, Linux, PS3, Xbox 360 Positive 93% reviews SANCTUM 2 2.1m 50m 90%
Slide 7: Goat Simulator
Goat Simulator A Global Hit Developer: Coffee Stain Studios Publisher: Coffee Stain Publishing Positive Genre: High-Tech Goat Simulation reviews 87% Modes: Single Player / Co-op (4 Player) Platforms: Windows, Mac, Linux, iOS, Android, Xbox, Playstation 400m SEK Total Net Sales Release date Release d
Slide 8: Satisfactory
Satisfactory New IP – Scheduled for Early Access in 2019 Developer: Coffee Stain Studios Publisher: Coffee Stain Publishing Genre: First Person Factory Builder Modes: Single Player & Online Co-op Technology: Unreal Engine 4 Development Initiated: 2016 Revealed: E3 Summer 2018 Early Access Scheduled:
Slide 9: Additional Development Studios
Additional Development Studios Complementing the Group Coffee Stain North Lavapotion Coffee Stain holds: 60% Coffee Stain holds: 60% Sebastian Erikson Carl Toftfelt Niklas Borglund Patrik Liljecrantz Magnus Alm CEO Co-founder Co-founder Co-founder Co-founder & CEO Quick facts Quick facts Founded i
Slide 10: Coffee Stain Publishing
Coffee Stain Publishing Accelerating The Group Team Publishing rights Tim Badylak Anton Westbergh CEO Biz Dev & Producer Previous experience: Ubisoft, Sony I<3 Sanctum Sanctum 2 Super Strawberries Sanctum TD Daniel Kaplan Albert Säfström Biz Dev & Producer PR & Marketing Previous experience: Previou
Slide 11: Ghost Ship Games
Ghost Ship Games A Strategic Investment Ghost Ship Games Coffee Stain holds: 35% Henrik Jonas Mikkel Philip Robert Friis SÖREN Edwards Möller Martin Mygind Founder Lundgaard Founder Founder Pedersen Founder CEO/Founder Founder Quick facts Deep Rock Galactic Founded in 2016, today with 20 employees
Slide 12: Coffee Stain has a strong development and publishing pipeline
Coffee Stain has a strong development and publishing pipeline TBA 2019 2019 2019 2019 Unannounced project based on existing IP Huntdown Deep Rock Galactic Goat Simulator Satisfactory (Full Release) HOYPE Unannounced Unannounced project project New IP Game release Game release CS DEVELOPER CS PUBLISH
Slide 13: Coffee Stain's role in THQ Nordic - post deal
Coffee Stain’s role in THQ Nordic - post deal Business and Focus on executing business plan, i.e. Group HQ strategy focus current business and new games pipeline Karlstad, Sweden Adding selected key recruits within both CEO Lars Wingefors 5 games development and publishing Strengthening publis
Slide 14: Appendix
Appendix THQNORDIC 14
Slide 15: Coffee Stain financials
Coffee Stain financials Income statement (adjusted) Balance sheet (reported) Coffee Stain Coffee Stain (as adjusted) (as reported) SEKm Jan-Sep 2018 SEKm 30 Sep 2018 Net Sales 86 Intangible assets 24 Other operating income 38 Property, plant and equipment 1 Total operating income 124 Shares held in
Slide 16: High level transaction structure
High level transaction structure = Minority holdings THQ Nordic AB (publ) = Funds flow Net cash1 Purchase price SEK 75m SEK 382m = transfer of ownership + earn out Purchase price SEK 10m + earn out 100% Coffee Stain Holding AB 30% Coffee Stain Coffee Stain Coffee Stain Lavapotion AB Studios AB Publi