Cyberagent Incorporated · TSE:4751
Cyberagent — Q1 FY2011 Earnings Presentation
38 slides from Cyberagent's earnings presentation, February 2011
Slide 1: Table of Contents
0 Table of Contents 1 Overview of Consolidated Financial Results 2 Consolidated Business Forecast 3 Major Business 4 Ameba Business 5 Summary 1
Slide 2: Overview of Consolidated Financial Results for 1Q
1 Overview of Consolidated Financial Results Overview of Consolidated Financial Results for 1Q (October-December 2010) 2
Slide 3: First Quarter Highlights (Oct. 2010-Dec. 2010)
1 Overview of Consolidated Financial Results First Quarter Highlights (Oct. 2010-Dec. 2010) Sales: 28.77 billion yen Consolidated Increase 34.3% over the same quarter of the previous year Financial Results Operating Profit: 3.55 billion yen Increase 68.2% over the same quarter of the previous year S
Slide 4: Quarterly Consolidated Sales
1 Overview of Consolidated Financial Results Quarterly Consolidated Sales Increase 34.3% over the same quarter of the 34.3% previous year (Unit: million yen) Quarterly Consolidated Sales 30,000 28,770 26,381 24,238 24,611 25,000 23,699 23,099 23,754 23,271 23,343 21,746 3,292 3,160 21,419 21,276 3,1
Slide 5: Quarterly Operating Profit by Business Segments
1 Overview of Consolidated Financial Results Quarterly Operating Profit by Business Segments Profits increased 1.26 billion yen from the previous quarter, driven by significant profit increase in Ameba Related Business and Existing Business (Unit: million yen) Quarterly Operating Profit by Business
Slide 6: PL
1 Overview of Consolidated Financial Results PL Operating profit margin was 12.4% (Increased 2.5 points over the same quarter of the previous year) Change from the same Unit: million yen Oct-Dec 2010 Oct-Dec 2009 quarter of the previous year Net sales 28,770 21,419 34.3 % Gross margin 10,569 7,974 3
Slide 7: Quarterly SG&A Expenses
1 Overview of Consolidated Financial Results Quarterly SG&A Expenses Ameba PR costs + 220 million yen (Earnings Incentives of 860 million yen was supplied in the previous quarter) (Unit: million yen) Quarterly SG&A Expenses 8,000 60.0% 7,380 7,500 7,216 7,165 7,309 7,222 7,010 7,000 6,639 6,684 6,33
Slide 8: Quarterly Number of Employees in Consolidated Companies
1 Overview of Consolidated Financial Results Quarterly Number of Employees Plan to hire 155 new graduates in April 2011. in Consolidated Companies Continuously enhance the recruitment of engineers. Number of Employees in Consolidated Company (Unit: person) 1,985 1,974 2,000 1,847 1,799 1,771 1,771 1
Slide 9: BS
1 Overview of Consolidated Financial Results BS Change from Unit: million yen End of Dec 2010 End of Sep 2010 the previous quarter Current assets 80,167 72,272 10.9 % (Cash deposits + Securities) 19,454 21,428 -9.2 % Fixed assets 12,087 11,451 5.6 % Total assets 92,255 83,723 10.2 % Current liabilit
Slide 10: Consolidated Business Forecast for the Year Ending September 2011
2 Consolidated Business Forecast Consolidated Business Forecast for the Year Ending September 2011 10
Slide 11: Consolidated Business Forecast for FY2011
2 Consolidated Business Forecast Consolidated Business Forecast for FY2011 Net sales Operating Profit (Unit: million yen) (Unit: million yen) Business Forecast for FY2011 Sales 110.0 billion yen (13.8 increase from the previous year Operating Profit 11.0 billion yen (17.8 increase from the previous
Slide 12: Business Forecast for FY2011
2 Consolidated Business Forecast Business Forecast for FY2011 FY2011 Consolidated business forecast Operating Ordinary Unit: million yen Sales Net Profit Profit Profit Business forecast for FY2011 110,000 11,000 10,800 6,000 Results for 1QFY2011 28,770 3,558 3,491 1,470 Progress rate 26.2% 32.3% 32.
Slide 13: Trend in consolidated operating profit
2 Consolidated Business Forecast Business forecast for FY2011 Trend in consolidated operating profit Fiscal Year 2011 Estimate Fiscal Year 2010 FX business A. FX Business Sales and profits are forecast to reduce from 1,600 the previous term due to the influence of the FX leverage restrictions after
Slide 14: Major Business
3 Major Business Major Business 14
Slide 15: Major Business (Internet Agency Business)
3 Major Business (Internet Agency Business) Increase 39.7% Quarterly Internet Advertising Business Sales Record-high sales for 5 consecutive quarters, over the same quarter of the 39.7% increase from the same quarter of the previous year 39.7% previous year (Unit: million yen) Sales on Internet Adve
Slide 16: Major Business (Internet Advertising Agency Business)
3 Major Business (Internet Advertising Agency Business) Emphasized field Enhancement of ads for social media and smartphones Operation of the fan page in Facebook Development of application software for smartphones General Motors Japan Limited “iCadillac” Racing game that features automobile-shaped
Slide 17: Major Business (Foreign Exchange Business)
3 Major Business (Foreign Exchange Business) Quarterly FX Business Sales Steady, although there is some effect of the regulations enforced in Aug. 2010 (Net sales unit: million yen) Sales on FX business and number of opened account by quarter (Number of opened accounts) 2,500 160,000 2,191 140,000 2
Slide 18: Major Business (Internet Media Business)
3 Major Business (Internet Media Business) Quarterly Internet Media Business Sales Sales of social games are healthy (included in virtual content sales) (Unit: million yen) 10,000 Sales on media related sales by quarter 9,610 9,343 9,000 8,236 8,144 8,395 8,178 8,272 8,144 8,000 7,760 7,793 6,992 7,
Slide 19: Supplying social application games to other platforms
3 Major Business (Internet Media Business) Supplying social application games from our group of subsidiaries to other companies’ platforms As of the end of Dec.: 37 titles 16 titles 8 titles Provide Games 5 titles 4 titles 2 titles 2 titles 19
Slide 20: Social games sales performance (quarterly)
3 Major Business (Internet Media Business) Social games sales performance (quarterly) “Hoshizora Bar Town” Social games sales performance (quarterly) Released in June 2010 (Unit: million yen) 1,591 1,600 1,500 1,400 1,300 Mobile Ranking 1,242 1,200 1st: Sunshine Bokujo 2nd: Machitsuku! mixi Version
Slide 21: Smartphone application development
3 Major Business (Internet Media Business) Smartphones 3 subsidiaries were established. Proactive development of application software for smartphones 27 titles (24 for iPhone, 3 for Android) have been released (as of Jan. 26) 6 titles to be released from Jan. to Mar. “Twinkle Bar” Scheduled Release
Slide 22: Ameba business
4 Ameba Business Ameba business 22
Slide 23: Ameba Monthly Page Views
4 Ameba Business PV is expected to “Ameba” Monthly Page Views reach more than 20 billion by the end of January. (Unit: hundred million PV) Monthly page views of media “Ameba” 200 194.9 PC PV (page view) ranking 185.4 181.7 180 Media 168.5 1 Yahoo! 162.7 99.9 160 154.9 2 Rakuten 93.1 146.4 144.3 146.
Slide 24: Monthly Number of Ameba Subscribers
4 Ameba Business The number of "Ameba pigg" Monthly Number of “Ameba” subscribers surpassed 6 million Subscribers as of January 14th (Unit: ten thousand subscribers) Number of media “Ameba” subscribers 1,292 1,243 1,200 1,166 TV commercial is aired from Oct 18 to Nov 30 1,123 1,079 1,032 988 1,000 9
Slide 25: Quarterly Sales of Ameba Business
4 Ameba Business Quarterly Sales of Ameba Business Ads and virtual content sales are both healthy. The ratio of virtual content sales increased to 49%. (Unit: million yen) Quarterly Ameba business sales 3,600 3,499 3,400 3,200 FY2010 3,000 7,989 million yen 2,800 1,788 2,600 2,573 2,400 2,200 FY2009
Slide 26: Quarterly Ameba Business Ads Sales
4 Ameba Business Quarterly Ameba Business Ads Sales Promotion of pure ads (including the ads in Ameba Pigg) (1) Pure ads for PC (Unit: million yen) Quarterly ads sales of Ameba business Place a Jack ads of “Cadillac” on login screen 1,788 1,800 295 1,600 1,407 137 1,400 1,206 308 218 1,200 1,116 1,0
Slide 27: Quarterly Virtual Content Sales of Ameba Business
4 Ameba Business Quarterly Virtual Content Sales of Ameba Business The timing of booking sales of AmeGold was changed in Oct. 2010. (Unit: million yen) Ameba Business Virtual Content Sales 1,862 <Before> 1,800 1,710 Sales are booked when a user purchases AmeGold. 1,600 1,400 1,200 1,166 1,000 824 80
Slide 28: Usage ARPPU Trends (Monthly)
4 Ameba Business Usage ARPPU Trends (Monthly) Due to the enhancement of game operation, ARPPU increased. Average Usage Amount (Units: Yen) “Ameba Pigg” (PC) and Ameba Mobile usage ARPPU trends 2,500 Skyrocketing ARPPU 2,121 2,000 1,536 1,455 1,429 1,500 1,508 1,318 1,204 1,362 1,217 1,064 1,043 1,03
Slide 29: Ameba Pigg (PC)
4 Ameba Business “Ameba Pigg” (PC) As events were held and consumable items were increased, the monthly sales of the “fishing game” and “casino game” both exceeded 100 million yen. “Ameba Pigg” (PC game) Variation in the consumption of AmeGold (1) Fishing Game (Unit: million yen) 250 223 200 178 105
Slide 30: Ameba Pigg: Pigg Life
4 Ameba Business “Ameba Pigg” (PC) Plan to release the third social game in March. "Pigg Life" *This is under development, and so contents may be changed. 30
Slide 31: Ameba Mobile
4 Ameba Business Ameba Mobile Ameba Mobile Variation in the consumption of (Unit: million yen) AmeGold (monthly) 250 227 200 173 173 164 “Booshca” “GYAOS” “mogg” “Waku Waku Medal Game” Released September 15, 2009 Released September 9 Released September 2 Released July 6 150 103 100 97 89 50 0 Jun Ju
Slide 32: Smartphones
4 Ameba Business Smartphones The number of users who access Ameba with smartphones increased. 3.67 million unique visitors in a month. This is 41% of the total number of smartphone users in Japan: about 8.95 million Number of unique visitors from smartphones Unit: UU 10,000 UU Ameba for iPhone Ameba
Slide 33: Smartphones: applications to be released
4 Ameba Business Smartphones Some dozen applications are to be released from Jan. to Mar. <Image> Avatar service for smartphones Real name SNS Development games 3 Scheduled Release February Scheduled Release March Scheduled Release March *This is under development, and so contents may be changed. 33
Slide 34: Ameba Future Strategy
4 Ameba Business Ameba Future Strategy Strengthen Games in “Ameba Pigg” PC “Pigg Life” is to be released in March Expansion of Smartphone Services Smartphone <Under development > Avatar service Real name SNS Games etc. Release of New Games Mobile New TV commercial for Ameba mobile which will air in
Slide 35: Summary
5 Summary & CyberAgent Summary CyberAgent, Inc. All Rights Reserved.
Slide 36: Summary
5 Summary Summary Operating profit of 4 billion yen for FY2011 Set a goal of reaching 30 billion PV by the end of Dec. 2011 Ameba Business Expansion of “Ameba Pigg”, Ameba Mobile and smartphone services Aim to become the No.1 SAP in Japan Social Game Business Enhance the development of applications
Slide 37: Vaulting towards being a high-income media company centered on Ameba
5 Summary Vaulting towards being a high-income media company centered on Ameba Net sales Operating Profit (Unit: million yen) (Unit: million yen) Business Forecast for FY2011 Sales 110.0 billion yen (13.8 increase from the previous year Operating Profit 11.0 billion yen (17.8 increase from the previ
Slide 38: We create the company that symbolizes the 21st century
5 Summary We create the company that symbolizes the 21st century. 38