GDEV Inc. · NASDAQ:GDEV
GDEV — FY2023 Earnings Presentation
11 slides from GDEV's earnings presentation, March 2024
Slide 1: FY and 4Q 2023 Financial Results
FY and 4Q 2023 Financial Results March, 2024
Slide 2: Disclaimer
Disclaimer Forward-looking statements Certain statements in this presentation may constitute “forward-looking statements” for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer
Slide 3: Key operating metrics used in the presentation
Key operating metrics used in the presentation In this presentation, we use a number of key operating and non-IFRS financial metrics which we believe accurately, in material aspects, reflect the principal parameters of our historic and projected performance. For further information, regarding our op
Slide 4: Financial highlights
Financial highlights Revenue, $mn Total costs and expenses, excl. D&A, $mn Year-over-year change, % -19% -5% -9% -5% 10% Other Platform commissions Selling and marketing expenses 119 115 121 173 109 99 131 63% 18% 99 91 99 22% 21% 21% 22% 28% 25% 14% 31% 60% 23% 51% 47% 54% 4Q22 1Q23 2Q23 3Q23 4Q23
Slide 5: Operating highlights
Operating highlights Bookings, $mn Monthly paying users, ‘000 Average bookings per paying user, $ Year-over-year change, % Year-over-year change, % Year-over-year change, % -29% -19% -1% -6% 4% -13% 2% 14% 23% 13% -18% -23% -17% -26% -11% 383 392 103 375 111 359 106 92 102 103 102 87 316 83 84 4Q22
Slide 6: Diversification by games/ platforms/ geography
Diversification by games/ platforms/ geography Diversification by games, % Diversification by platforms, % Diversification by geography, % by bookings by bookings by bookings Pixel Gun 3D Hero Wars: Dominion Era PC Mobile Other Europe Island Hoppers Hero Wars: Alliance Asia US 5% 4% 2% 7% 15% 20% 40
Slide 7: Appendix
Appendix 7
Slide 8: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income ‘000 $ 2023 2022 2021 Revenue 464,549 479,688 434,094 Costs and expenses, excluding depreciation and amortization Cost of revenue: Platform commissions (1 09,020) (1 29,623) (1 1 7,229) Game operation cost (51 ,669) (44,036) (1 8,945) Other operating in
Slide 9: Consolidated statement of financial position
Consolidated statement of financial position ‘000 $ December 31 , 2023 December 31 , 2022 December 31 , 2023 December 31 , 2022 LIABILITIES AND SHAREHOLDERS' EQUITY ASSETS Equity Non-current assets Share capital — — Property and equipment 1 ,1 46 786 Additional paid-in capital 25,531 23,685 Right-of
Slide 10: Consolidated cash flow statement
Consolidated cash flow statement ‘000 $ 2023 2022 2021 2023 2022 2021 Operating activities Investing activities Profit for the year, net of tax 46,1 1 5 7,41 0 (1 1 7,444) Acquisition of intangible assets (1 6) (64) (338) Adjustments for: Acquisition of property and equipment (739) (994) (1 ,099) De
Slide 11: Reconciliation of the profit/loss for the period to the Adjusted EBITDA
Reconciliation of the profit/loss for the period to the Adjusted EBITDA US$ million Q4 2023 Q4 2022 FY 2023 FY 2022 Profit/(loss) for the period, net of tax 11 (77) 46 7 Adjust for: Income tax expense 1 (0. 7) 4 4 Loss on disposal of subsidiaries — — — 5 [1 ] Adjusted finance (income)/expenses (3) (