Slide 1: FY22 Earnings
FY22 EARNINGS May 11, 2022 1
Slide 2: Disclaimer
DISCLAIMER Yves Guillemot, Chairman and Chief Executive Officer Frédérick Duguet, Chief Corporate Finance Officer D I S C L A I M E R This slide show may contain estimated financial data, information on future projects and transactions and future financial results/performance. Such forward-looking d
Slide 3: Agenda
AGENDA FY22 PERFORMANCE F Y 2 3 TA R G E T S 3
Slide 4: Solid performance despite challenging environment
FY22: SOLID PERFORMANCE DESPITE FY18CHALLENGING ENVIRONMENT 12-MONTHS NET BOOKINGS €2,129m, -5% YoY DIGITAL REVENUES €1,666m, +4% YoY, 78% of total net bookings PLAYER RECURRING €813m, +4% YoY, 38% of total net bookings) INVESTMENT BACK-CATALOG €1,427m, +11% YoY (+29% vs. FY20), 67% of net bookings
Slide 5: Key Highlights
KEY HIGHLIGHTS BUILDING MAJOR FRANCHISES ▪ Ubisoft’s three largest brands each generated well over €300m net bookings ▪ Assassin’s Creed net bookings nearly doubled vs. FY20, the prior release-free year ▪ Far Cry’s best year ever for the brand ▪ Rainbow Six net bookings growth on the back of the bra
Slide 6: Non-IFRS P&L
FY22: NON-IFRS P&L in € millions, except for per share data FY 2021-22 FY 2020-21 % % IFRS 15 sales 2,125.2 2,223.8 Deferred revenues related to IFRS 15 standard 3.3 16.7 Net bookings 2,128.5 2,240.6 Gross profit based on Net bookings 1,858.8 87.3 1,914.8 85.5 Non IFRS R&D expenses (782.7) (36.8) (7
Slide 7: R&D
FY22: R&D In € millions FY 2021-22 FY 2020-21 Depreciation of in-house software-related production 433.3 427.9 Depreciation of external software-related production and licenses 9.8 5.5 Royalties 28.1 34.1 Non Capitalized R&D & others* 311.5 317.5 Total R&D P&L 782.7 784.9 Capitalized in-house softwa
Slide 8: Cash Flows & Closing Cash Position
FY22: CASH FLOWS & CLOSING CASH POSITION In € millions FY 2021-22 FY 2020-21 Non-IFRS Opening cash position 79.2 (100.6) Cash flows from operation (55.0) 64.6 Change in WCR (136.6) 104.5 Cash flows from operating activities (191.6) 169.0 Net investment in capital assets (90.4) (96.7) Net free cash f
Slide 9: Agenda
AGENDA FY22 PERFORMANCE F Y 2 3 TA R G E T S 9
Slide 10: FY23 Targets
FY23 TARGETS Q1 FY23e Q1 FY23 NET BOOKINGS: around €280m FY23 NET BOOKINGS: Significant growth FY23e FY23 NON-IFRS OPERATING INCOME: Approximately €400m 10
Slide 11: Appendix
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Slide 12: IFRS / Non-IFRS Reconciliation
FY22: IFRS / NON-IFRS RECONCILIATION In € millions FY 2021-22 FY 2020-21 except for per share data IFRS Adjustments Non-IFRS IFRS Adjustments Non-IFRS IFRS 15 Sales 2,125.2 2,223.8 Deferred revenues related to IFRS 15 3.3 3.3 16.7 16.7 Net bookings 2,128.5 2,240.6 Total Operating expenses (1,883.7)