Slide 1: Q1 FY 2023 Results
Q1 FY 2023 Results 30 MAY 2023
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except fo
Slide 3: Who We Are
WHO WE ARE ESTABLISHED GLOBAL AAA/AA GAME DEVELOPER & PUBLISHER WITH POPULAR IP FRANCHISES ▪ World renowned FPS & RPG game studio, listed on the WSE main market o Self publishes original IPs on all major platforms (Steam, PlayStation, Xbox and Nintendo) ▪ Two major evergreen franchises with Sniper G
Slide 4: How We Do It
HOW WE DO IT EXPERIENCED GLOBAL TEAM WITH DISTRIBUTED DEVELOPMENT & MARKETING ▪ Global footprint with 5 locations and a team of 139 highly qualified, best-in-class gaming professionals operating fully remotely o International development team led by seasoned management teams and globally experienced
Slide 5: Seasoned Management Team
SEASONED MANAGEMENT TEAM Marek Tymiński David Broderick Kirsty Moore Darren Newnham Founder & CEO CFO CEO, United Label HR Director Saul Gascon Aitor Rosa Ryan Hill Mich Davis Jon Tibble Executive Producer (Hexworks) Executive Producer (Underdog) Brand Director Marketing Director VP, Global Sales 5
Slide 6: Platform for Growth
PLATFORM FOR GROWTH + + Years of developing IPs Copies sold AAA/AA FPS & RPG (+ subscriptions players) Games + Main Locations – Headcount Years avg. experience from across Europe & management team and directors America 6
Slide 7: Coming Oct '23: Lords of the Fallen
COMING OCT ‘23: LORDS OF THE FALLEN PILLAR 1 SOULSLIKE DARK FANTASY ACTION-RPG 15th 4.4K ▪ One of the most anticipated games for release in 2023 (console and PC) ▪ Strong appetite for next big game in Action RPG since release of Elden Ring in 2022 Global Wishlist** Press Articles* ▪ In 2023 Lords of
Slide 8: Improving on the Original
IMPROVING ON THE ORIGINAL PILLAR 1 8
Slide 9: Action-RPG Has Huge Potential
ACTION-RPG HAS HUGE POTENTIAL PILLAR 1 EXPONENTIALLY GROWING GENRE ▪ Action RPG genre is a huge market with big hitters achieving 10+ million sales within first year of release ▪ Elden Ring is now one of the top 10 best selling games in US history* achieving over 20+ million sales in its first year
Slide 10: Project Status
PROJECT STATUS PILLAR 1 • Full content lock and QA testing progressing well • Utilising 3rd party feedback/testing and support to maximise commercial success at launch • Final polishing and fixes by the team throughout this process on schedule • Executing against detailed sales and marketing plan fr
Slide 11: Q1 FY 2023 Financial Report
ci GAMES Q1 FY 2023 FINANCIAL REPORT
Slide 12: Q1 2023 Financial Highlights
Q1 2023 FINANCIAL HIGHLIGHTS Net Revenue EBITDA PLN 9.8m PLN 1.2m EBITDA Margin Net Loss 12.3% PLN (0.5)m Net Debt Position PLN 29.7m 12
Slide 13: Q1 Income Statement
Q1 INCOME STATEMENT PLNm KEY HIGHLIGHTS Q1 ‘23 Q1 ’22 • Q1 2023 net revenue totalled PLN 9.8m, with 53% Net revenue from sales 9.8 12.9 generated by sales of SGWC 2. Games from United Label portfolio accounted for 15% of consolidated sales. Operating profit/loss (0.6) 4.2 ▪ The SG&A costs in Q1 2023
Slide 14: Balance Sheet & Cash Flow
BALANCE SHEET & CASH FLOW PLNm KEY HIGHLIGHTS Balance Sheet 31 Mar 2021 31 Dec 2022 ▪ As of 31.03.23 total assets increased by 12% which Cash and cash equivalents 7.9 6.6 was attributable to investment in the games. Total assets 198.4 179.3 ▪ Intangible assets amounted to PLN 173.3m, (net Own equity
Slide 15: Net Revenue Q1 2023
Net Revenue Q1 2023 SGWC2 53% SGWC 15% SGW3 9% Tails of Iron 7% Eldest Souls 5% LotF 4% Roki 3% Other 5% 15
Slide 16: Appendices
ci GAMES Appendices
Slide 17: 1. Strategic Roadmap
ci GAMES 1. STRATEGIC ROADMAP
Slide 18: Strategic Pillars & Timeline
STRATEGIC PILLARS & TIMELINE 2023 2024 2025 2026 2027 Capitalising on recognition and success within Action-RPG, PILLAR 1 Premium post launch content driven by TLOTF, a new title built around more ambitious Premium post launch content gameplay options for wider audience appeal Building on the IPs su
Slide 19: Our Longest Running Evergreen
PARTNER OUR LONGEST RUNNING EVERGREEN PILLAR 2 & STUDIO CONTINUING TO BROADEN APPEAL AND RAISE OUR GAME ▪ SGW franchise is the best selling first person sniper franchise o With 5 entries since 2011 and selling 13m+ worldwide units o Continues to attract a strong, loyal and ever-growing fan base ▪ Sn
Slide 20: New IP – Project Survive
NEW IP – PROJECT SURVIVE PILLAR 3 & CAPITALISING ON A GROWING GENRE ▪ In the last decade, the Survival renaissance has been building in strength o 48% player growth* in last 18mths across key open world survival craft game set o Evergreen titles reaching 20+m player bases* – the lead achieving 50+m
Slide 21: Third Party IP Publishing
THIRD PARTY IP PUBLISHING PILLAR 4 BRINGING NEW IP INTO OUR COMMERCIAL PORTFOLIO ▪ Founded in 2018 as a third party publishing label and publicly listed on WSE Part ownership held by CI Games 91 74 o ▪ Leveraging the CI Games infrastructure to bring quality indie titles to larger audiences ▪ A reput
Slide 22: New IP – Project Scorpio
NEW IP – PROJECT SCORPIO PILLAR 5 TEAM OPTIMISED TO DELIVER NEW PREMIUM IP : CO-OP TACTICAL SHOOTER ▪ The development team at Underdog Studio has been strengthened over the last few months o Even more key talent and expertise to create best-in-class shooters • The new IP will be a premium multiplaye
Slide 23: New Pillar Project Potential
NEW PILLAR PROJECT POTENTIAL PILLAR 6 IP DIVERSIFICATION WITH OUR EXPERTISE • Many strong IP brands fit across different genres within gaming – or can cross over into gaming • Potential to combine CI Games reputation in key genres with a strong external IP o Exploring options to partner with strong
Slide 24: New Pillar Project Expand
NEW PILLAR PROJECT EXPAND PILLAR 7 CAPITALISING FURTHER OUR STRONG FRANCHISES ▪ Licensing our own strong IPs to external partners o Other gaming formats including Mobile, VR o Transmedia including Film, TV o Other entertainment or products e.g. Table Top Gaming, Books 24
Slide 25: 2. Team Structure
ci GAMES 2. TEAM STRUCTURE
Slide 26: An Internationally Distributed Team
UK & Ireland David Broderick, CFO Jon Tibble, VP Global Sales AN INTERNATIONALLY DISTRIBUTED TEAM Darren Newnham, CEO United Label Kirsty Moore, HR Director Key management operates from multiple geographic locations resulting Ryan Hill, Marketing Director Rhys Twelves, Technical Director, SGW & LotF
Slide 27: International Development Structure
INTERNATIONAL DEVELOPMENT STRUCTURE Attracting international development talent SURVIVE PROJECT Hexworks Underdog Studio CI Games & BatFields United Label Internal team size: 84 people Internal team size: 37 people External Team & CI Key Talent Internal team size: 3 people 48 Spain 6 Spain U.K 2 U.K
Slide 28: Sales & Marketing Team
SALES & MARKETING TEAM Building a division with a global reach SALES MARKETING Team Size Team Size 4 People 9 People 2 U.K. 1 U.S. 8 U.K. 1 Poland 1 Poland As of March 31, 2023 28
Slide 29: Headcount by Function
HEADCOUNT BY FUNCTION 18 Finance, Legal, HR & 13 Admin Sales & Marketing Development LOFT & SGW* 136 As of March 31, 2023. * Includes team of 9 dedicated to Quality Assurance, centralized for all development projects. 29
Slide 30: Thank You
Rea. : Se Rese Pears 2S 36 - “ hy GAMES “THANK YOU x