Ci Games S.a. · GPW:CIG
Ci Games — FY2022 Earnings Presentation
24 slides from Ci Games's earnings presentation, Apr 28, 2023
Slide 1: FY 2022 Results
FY 2022 Results 28 APRIL 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 160+ highly qualified, best-in-class gaming professionals operating fully remotely o International development team of 130+ led by seasoned management teams and globally ex
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 20 Years of developing 3 IPs 16M+ Copies sold AAA/AA FPS & RPG (+ subscriptions players) Games 5 Main Locations – 160+ Headcount 18 Years avg. experience from across Europe & management team and directors America 6
Slide 7: Coming 2023: Lords of the Fallen
COMING 2023: LORDS OF THE FALLEN PILLAR 1 SOULSLIKE DARK FANTASY ACTION-RPG ▪ 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 TOP 20 1.1K Global Wishlist** Press Articles* ▪ In 2023 Lords of
Slide 8: 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 9: Rapidly Growing Interest & Awareness
RAPIDLY GROWING INTEREST & AWARENESS PILLAR 1 ▪ Aug 22 – Gamescom Announcement - 3 minute CGI cinematic trailer featured music by Danzig, and VO by Joseph Quinn (Stranger Things). JEUXVIDEO: GAMESRADAR: Lords of the Fallen Souls - Lords of the Fallen sounds - The most watched trailer from Gamescom o
Slide 10: Project Status
PROJECT STATUS PILLAR 1 • Utilising 3rd party feedback/testing and support to maximise commercial success at launch • Final polishing and fixes by the team throughout this process • Executing against detailed sales and marketing plan from now up to release of game ▪ Multi Sales channels approach o P
Slide 11: FY 2022 Financial Report
a GAMES FY 2022 FINANCIAL REPORT
Slide 12: 2022 Financial Highlights
2022 FINANCIAL HIGHLIGHTS Net Revenue EBITDA Net Profit PLN 56.7m PLN 16.1m PLN 8.6m EBITDA Margin Net Profit Margin 28.4% 15.1% Gross Cash Position EPS PLN 6.6m PLN 0.04 12
Slide 13: Income Statement
INCOME STATEMENT PLNm KEY HIGHLIGHTS • 2022 net revenue totalled PLN 56.7 m, with 52% FY ’22 Adj.* Adj. FY 22 FY ’21 generated by sales of SGWC 2. New releases from United Label portfolio accounted for 15% of consolidated sales. Net revenue from sales 56.7 56.7 105.5 Operating profit/(loss) 7.8 11.8
Slide 14: Balance Sheet & Cash Flow
BALANCE SHEET & CASH FLOW PLNm KEY HIGHLIGHTS ▪ As of 31.12.22 total assets increased by 18% which Balance Sheet 31 Dec 2022 31 Dec 2021 was mainly attributable to investment in the games and working capital elements. Cash and cash equivalents 6.6 37.8 Total assets 179.2 152.1 ▪ Intangible assets am
Slide 15: Appendices
ci GAMES Appendices
Slide 16: 1. Strategic Roadmap
gi GAMES 1. STRATEGIC ROADMAP
Slide 17: 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 18: 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 19: 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 20: 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 o Part ownership held by CI Games 91 74 ▪ Leveraging the CI Games infrastructure to bring quality indie titles to larger audiences ▪ A reput
Slide 21: 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 22: 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 23: 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 23
Slide 24: Thank You
THANK YOU