Gravity Co., Ltd. · NASDAQ:GRVY

Gravity — Q2 2024 Earnings Presentation

35 slides from Gravity's earnings presentation, August 2024

1. Slide 1: IR Presentation

   IR PRESENTATION Investor Relations August 2024 © GRAVITY CO.,LTD. All rights reserved

2. Slide 2: Disclaimer

   These materials have been prepared by GRAVITY Co., Ltd. ("Gravity" or the "Company"). The statements contained in this presentation have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness

3. Slide 3: Contents

   2024 2Q Financial 2024 2Q Business 01 Operation Results Trend 16 Scallops Project 02 Revenue Breakdown 17 Golf Monsters Screen Golf 03 Financial Statements 18 Publishing Business of Subsidiaries 2024 2Q Game GRAVITY Pipeline 04 2Q Released Games 19 2024 Major Upcoming Launchings 05 Ragnarok: Dawn (T

4. Slide 4: Ragnarok IP Power Base

   Ragnarok IP Power Base Driving Force in The Second Half of 2024 Ragnarok IP Strengthens Competitiveness in Global Market! GRAVITY INVESTOR RELATIONS August 2024 4 © GRAVITY CO.,LTD. All rights reserved

5. Slide 5: 2024 2Q Financial

   2024 2Q FINANCIAL 01 Operation Results Trend 02 Revenue Breakdown 03 Financial Statements GRAVITY INVESTOR RELATIONS August 2024 5 © GRAVITY CO.,LTD. All rights reserved

6. Slide 6: Operation Results Trend

   2024 2Q Financial Appendix Operation Results Trend  2024 2Q Revenue KRW 123 billion, Operating Profit KRW 15 billion  Total Revenue QoQ +2.7%, YoY -48.5%, Total Operating Profit QoQ -44.2%, YoY -71.6%  Profitability declined due to advertising expenses for new launchings, notwithstanding market s

7. Slide 7: Revenue Breakdown

   2024 2Q Financial Appendix Revenue Breakdown Revenue Breakdown by Region Revenue Breakdown by Game Platforms '24 2Q 21.2% 25.8% 17.5% 35.5% '24 2Q 80.5% 15.8% 3.7% '24 1Q 12.7% 21.9% 16.9% 48.5% '24 1Q 82.3% 15.1% 2.6% 4.3% '23 4Q 20.8% 16.0% 58.9% '23 4Q 80.0% 16.5% 3.5% 5.6% '23 3Q 12.1% 64.1% '23

8. Slide 8: Financial Statements

   03 2024 2Q Financial Appendix Financial Statements (In millions of KRW except share and per share data) Consolidated Income Statement (IFRS) Revenues 238,894 176,145 145,530 119,779 122,967 Online games 17,025 17,316 23,980 18,065 19,445 Mobile games 218,687 155,467 116,456 98,548 99,019 Other reven

9. Slide 9: Financial Statements

   03 2024 2Q Financial Appendix Financial Statements (In millions of KRW except share and per share data) Consolidated Balance Sheet (IFRS) Assets 563,288 567,333 578,181 596,241 613,869 Current Assets 537,135 537,977 546,899 565,718 585,121 Cash and cash equivalents 415,602 443,835 461,297 484,526 49

10. Slide 10: 2024 2Q Game

    2024 2Q G A M E 04 2Q Released Games 10 Ragnarok in Wonderland (Mobile) 05 Ragnarok: Dawn (Tentative English, 仙境传说：破晓) (Mobile) 11 Ragnarok Monster World (Blockchain/PC/Mobile) 06 Ragnarok Online (PC) 12 THE RAGNAROK (Ragnarok: Novice Hearts) (Mobile) 07 Ragnarok Origin (PC/Mobile) 13 Mirren: Millen

11. Slide 11: 2Q Released Games

    2024 2Q Game Appendix 2Q Released Games Ragnarok IP Power Expansion in Asia based on Diversified Platform Strategy! THE RAGNAROK Ragnarok: Rebirth Ragnarok Online Ragnarok Landverse (Ragnarok: Novice Hearts) Taiwan • Hong Kong • Macau Southeast Asia China Thailand  Launching: June 6, 2024  Launchi

12. Slide 12: Ragnarok: Dawn (Mobile)

    2024 2Q Game Appendix Ragnarok: Dawn (Tentative English, 仙境传说：破晓) (Mobile) Ragnarok: Dawn Achieved ISBN in China on June 5, 2024 Ragnarok: Dawn  Platform: Mobile  Plan: Development Completion in 2025  Publisher: Guangdong Xinghui Teamtop Interactive Entertainment Co.,Ltd. GRAVITY INVESTOR RELATIO

13. Slide 13: Ragnarok Online (PC)

    2024 2Q Game Ragnarok Online (PC) Ragnarok Online, Official Launch in China and Localized Events in Global Europe Korea North America Japan China Hong Kong Middle East Macau Taiwan Thailand Vietnam Philippines Malaysia Singapore Indonesia Ragnarok Online Serviced Regions South America, Brazil Austra

14. Slide 14: Ragnarok Origin (PC/Mobile)

    2024 2Q Game Appendix Ragnarok Origin (PC/Mobile) Ragnarok Origin is Preparing for Europe Service! Taiwan• Hong Kong • Macau Southeast Asia North• Central • South America  May<Asian Championship>  May<OdinCupSeason 2 Champions  May<BubbleMachine>  Jun.<Devil’sGift> PRONTERA1>  Jun.<Battle of th

15. Slide 15: Ragnarok M: Eternal Love (PC/Mobile)

    2024 2Q Game Ragnarok M: Eternal Love (PC/Mobile) Ragnarok M: Eternal Love, PC Version Applied in North America, Taiwan, Europe, and Southeast Asia Europe Korea North America Japan China Hong Kong Middle East Macau Taiwan Thailand Philippines Malaysia Singapore Indonesia Ragnarok M Serviced Regions

16. Slide 16: Ragnarok X: Next Generation (PC/Mobile)

    2024 2Q Game Appendix Ragnarok X: Next Generation (PC/Mobile) Ragnarok X: Next Generation Launches in China on September 13, 2024, Preparing for Japan Service! Taiwan • Hong Kong • Macau Korea Southeast Asia  May <Summer Capriccio>  May <New Class Ninja> Update  May <WOC Season 6>  Jun. <Dragon

17. Slide 17: Ragnarok in Wonderland (Mobile)

    2024 2Q Game Appendix Ragnarok in Wonderland (Mobile) Ragnarok in Wonderland, 1st CBT in Korea Ragnarok in Wonderland  Genre: Casual, Healing, Tycoon  CBT Date: June 20 ~ June 27, 2024  Platform: Mobile  Launching: Second Half of 2024  Pre-registration: June 3, 2024 until Launch https://rw.gnjo

18. Slide 18: Ragnarok Monster World (Blockchain/PC/Mobile)

    2024 2Q Game Appendix Ragnarok Monster World (Blockchain/PC/Mobile) Rangarok Monster World, CBT in Thailand in the Second Half of 2024 Ragnarok Monster World  Genre: Real-Time Strategy/NFT  Pre-registration: August 13 ~ September 25, 2024  Platform: Blockchain PC(Window Client) Mobile https://rom

19. Slide 19: THE RAGNAROK (Ragnarok: Novice Hearts) (Mobile)

    2024 2Q Game Appendix THE RAGNAROK (Ragnarok: Novice Hearts) (Mobile) THE RAGNAROK Launches in Korea in the Third Quarter of 2024! THE RAGNAROK  Genre: MMORPG  Pre-registration: July 8, 2024 until Launch  Platform: Mobile https://theragnarok.gnjoy.com/Preregister  Publisher: Gravity Co., Ltd. 

20. Slide 20: Mirren: Millennium Tour (Mobile)

    2024 2Q Game Appendix Mirren: Millennium Tour (Mobile) Mirren: Millennium Tour Launches in Korea in the Third Quarter of 2024! Mirren: Millennium Tour  Genre: Turn Strategy RPG  Launching: Third Quarter of 2024 in Korea  Platform: Mobile  Feature: Subculture Fantasy Animation RPG  Pre-registrat

21. Slide 21: TOKYO PSYCHODEMIC / KAMiBAKO (PC/Console)

    2024 2Q Game Appendix TOKYO PSYCHODEMIC / KAMiBAKO (PC/Console) TOKYO PSYCHODEMIC in Global in the Second Half of 2024, KAMiBAKO in Japan on August 29, 2024 and Global in the Second Half of 2024! TOKYO PSYCHODEMIC KAMiBAKO  Genre: 2D Cinematic Profiling Adventure  Genre: World Craft RPG  Platform

22. Slide 22: Indie Game (PC/Console)

    Appendix 2024 2Q Game Appendix Indie Game (PC/Console) 15 Indie Games in PlayX4 2024 in Korea May 23 ~ May 26 PlayX4 2024 Korea Game Show 40 Booths with 15 PC & Console Titles K-Tuber zone, Photo zone, Goods shops, etc GRAVITY INVESTOR RELATIONS August 2024 22 © GRAVITY CO.,LTD. All rights reserved

23. Slide 23: 2024 2Q Business

    2024 2Q B U S I N E S S 16 Scallops Project 17 Golf Monsters Screen Golf 18 Publishing Business of Subsidiaries GRAVITY INVESTOR RELATIONS August 2024 23 © GRAVITY CO.,LTD. All rights reserved

24. Slide 24: Scallops Project

    2024 2Q Business Appendix Scallops Project Scallops Project Broadens Content with New Webtoon IP  Platform: Kakao Page, Naver Series  Feature: Gravity's First Webtoon IP Project  Launching: 5 Series Webtoon Launches in Order A universe story about five heroes of “Master Drunk” in November 2023 se

25. Slide 25: Golf Monsters Screen Golf

    2024 2Q Business Appendix Golf Monsters Screen Golf Golf Monsters Boosts Expectations in Taiwan with Pre-Events and Promotions  Soft Opening: As of May 30, 2024  Grand Opening: Second Half of 2024  Event: Free trial events and pre-promotion discounts are ongoing GRAVITY INVESTOR RELATIONS August

26. Slide 26: Publishing Business of Subsidiaries

    2024 2Q Business Appendix Publishing Business of Subsidiaries GRAVITY Game Link Indonesia GRAVITY Game Arise Japan GRAVITY Interactive USA GRAVITY Communications Taiwan Ragnarok Retro White Chord Ragnarok: The Lost Memories Ragnarok Monster's Arena was launched in Indonesia in Dec. 15, 2021 was laun

27. Slide 27: Gravity Pipeline

    2024 GRAVITY P I P E L I N E 19 2024 Major Upcoming Launchings 20 Ragnarok IP Pipeline 21 Global Market Strategy GRAVITY INVESTOR RELATIONS August 2024 27 © GRAVITY CO.,LTD. All rights reserved

28. Slide 28: 2024 Major Upcoming Launchings

    2024 GRAVITY Pipeline Appendix 2024 Major Upcoming Launchings (The launching schedule may be changed) PLATFORM GAME GENRE PLAN SCHEDULE MARKET September 13, 2024 China Ragnarok X: PC/Mobile MMORPG Additional Launching TBD Japan Next Generation North, Central, South America, 2025 Europe PC/Mobile Rag

29. Slide 29: Ragnarok IP Pipeline

    2024 GRAVITY Pipeline Ragnarok IP Pipeline Ragnarok X: Next Generation MMORPG Ragnarok: Rebirth MMORPG Ragnarok Origin MMORPG Ragnarok in Wonderland Casual Healing Tycoon Ragnarok Monster Marble 3D CARD BOARD GAME THE RAGNAROK (Ragnarok: Novice Hearts) MMORPG Ragnarok Begins ACTION SIDE-SCROLLING MM

30. Slide 30: Global Market Strategy

    2024 GRAVITY Pipeline Global Market Strategy U.S.A EUROPE KOREA JAPAN CHINA Strategic Plan for Global Market TAIWAN Targeting Global Market with various games based on RO IP HONGKON through subsidiaries in Thailand, Taiwan, Indonesia, THAILAND Singapore, Hong Kong and America Global business targeti

31. Slide 31: Exhibits

    Exhibits 01 Company Overview 02 Subsidiaries GRAVITY INVESTOR RELATIONS August 2024 31 © GRAVITY CO.,LTD. All rights reserved

32. Slide 32: Company Overview

    Exhibits Company Overview Date of April 4, 2000 Establishment Location GRAVITY Co., Ltd. (Korea) GRAVITY NeoCyon, Inc. (Korea) GRAVITY Communications Co., Ltd. (Taiwan) GRAVITY Interactive, Inc. (USA) GRAVITY Game Tech Co., Ltd. (Thailand) PT GRAVITY Game Link (Indonesia) GRAVITY Game Arise Co., Ltd

33. Slide 33: Subsidiaries

    Exhibits Subsidiaries GRAVITY Co., Ltd. Online and Mobile Game Development GRAVITY NeoCyon, Inc. GRAVITY Co., Ltd. GRAVITY Game Arise Co., Ltd. Ragnarok Online Service in Korea Online and Mobile Game Service in Korea IP Licensing Business GRAVITY Interactive, Inc. Global Business Planning and Market

34. Slide 34: Contact Information

    Heung Gon Kim Chief Financial Officer Jin Lee IR Manager Shin Choi IR Assistant Manager Contact Information 15F, 396 World Cup buk-ro, Address Mapo-gu, Seoul 121-795, Korea E-mail ir@gravity.co.kr Tel +82 - 2 -2132 -7800 Fax +82 - 2 -2132 -7070 © GRAVITY CO.,LTD. All rights reserved

35. Slide 35: Closing slide

    Gravity along with RAGNAROK, We are dedicated to grow as a Global Leading Game Company © GRAVITY CO.,LTD. All rights reserved

Gravity — Q2 2024 Earnings Presentation on 6ix