Gdev Inc. · NASDAQ:GDEV
Gdev — Q1 2022 Earnings Presentation
13 slides from Gdev's earnings presentation, Aug 4, 2022
Slide 1: Q1 2022 Financial Results
Q1 2022 Financial Results Nexters Global 4 August 2022 1
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 and non-IFRS metrics used in the presentation
Key operating and non-IFRS metrics used in the presentation In this presentation, we use a number of key operating metrics which we believe accurately, in material aspects, reflect the principal parameters of our historic and projected performance. For further information, regarding our operating me
Slide 4: Key Highlights
Key Highlights
Slide 5: Key financial highlights (1/2)
Key financial highlights (1/2) $m $m $m Revenue Operating Cash Flow Net Income/ Loss Revenue increased by 45% YoY driven primarily by an increase in bookings and by a decrease in +45% change of deferred revenues 126 Operating cash flow remained 23 relatively stable vs Q1 2021 +1% 18 Net income incre
Slide 6: Key financial highlights (2/2)
Key financial highlights (2/2) $m $m $m Selling and Marketing Expenses G&A Expenses Total Costs and Expenses, Selling and marketing expenses Excluding D&A decreased by 13% YoY mainly due to the suspension of marketing +12% activities in FSU countries as well as general decrease of UA expenses 108 du
Slide 7: Key Operating Highlights
Key Operating Highlights ‘000 users $/month $m Monthly Paying Users (1) Average Bookings Per Paying User (2) Bookings M&A transactions completed in Q1 together with UA investments in 2021 resulted in a substantial +18% increase in MPU -5% +13% 375 114 ABPPU decreased by 5% due to a 108 127 substanti
Slide 8: Diversification across key platforms and geographies
Diversification across key platforms and geographies $m $m Bookings By Platform (1) Bookings By Geography (1) Desktop games increased by 15% Mobile US Europe Asia FSU Other enabling to access a wider Desktop audience and expand our +13% +13% addressable market YoY YoY 127 127 Mobile platforms also s
Slide 9: Changes in the corporate governance
Changes in the corporate governance Three new independent directors proposed to join the board: Ivan Tavrin will leave the board and the position of the chairman and Tal Shoham will no longer be involved in the corporate governance, • Over 10 years of experience in gaming, ad-tech, growth & monetiza
Slide 10: Appendix
Appendix
Slide 11: Balance Sheet
Balance Sheet ($ in thousands) Dec 31, 2021 Mar 31, 2022 Assets Non-current assets Property and equipment 1,352 1,371 Intangible assets 266 17,144 Investments in equity accounted associates — 26,806 Goodwill 1,501 48,714 Long-term deferred platform commission fees 116,533 113,902 Right-of-use-assets
Slide 12: Profit and Loss Statement
Profit and Loss Statement ($ in thousands) Q1 2021 Q1 2022 Revenue 86,689 126,071 Costs and expenses, excluding depreciation and amortization Cost of revenue: Platform commissions -24,480 -33,451 Game operation cost -3,937 -9,310 Selling and marketing expenses -64,727 -56,593 General and administrat
Slide 13: Cash Flow Statement
Cash Flow Statement ($ in thousands) Q1 2021 Q1 2022 Operating activities Profit/(loss) for the period, net of tax -11,787 23,411 Adjustments for: Depreciation and amortization 459 1,467 Share-based payments expense 390 1,065 Share of profit of equity-accounted associates 0 -1,656 Expected credit lo