Cyberagent Incorporated · TSE:4751

Cyberagent — Earnings Presentation (2006)

50 slides from Cyberagent's earnings presentation, Nov 28, 2006

  1. Slide 1: CyberAgent Results Presentation

    200 6 9 2 2006 1 3 http://www.cyberagent.co.jp/ 4751

  2. Slide 2: CyberAgent

    & CyberAgent Sm@ Ee + UE

  3. Slide 3: ᣵፀขአകᛵ

    ᣵፀขአകᛵ 2 2 006 1 3 2

  4. Slide 4: Quarterly sales

    ᣵፀขአകᛵ 2 15,000 13,857 13,275 37.0% 13,213 12,000 11,360 10,118 9,000 8,582 7,873 7,103 6,334 6,000 5,416 3,000 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) 2004 2005 2006 3

  5. Slide 5: Quarterly operating profit

    ᣵፀขአകᛵ 1,200 1,200 1,077 1,108 1,500 0.4 249 1,107 800 828 800 604 612 1,270 400 400 1,200 0 0 -400 -473 -400 900 -496 Ameba Ameba 604 20.9% Ⴧ 612 628 600 482 506 472 409 363 300 247 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) 2004 2005 200

  6. Slide 6: Quarterly sales and profit trend

    ᣵፀขአകᛵ -1.9points -0.4points % 13,857 14,000 13,213 13,275 28 1,053 314 12,000 11,360 60.0 547 10,118 10,000 50.0 43.4 44.1 43.4 42.7 41.2 42.7 41.5 41.5 42.2 41.4 41.2 41.7 39.2 39.6 39.4 8,000 35.9 40.0 7,873 36.7 7,103 8,582 6,334 6,000 5,416 30.0 4,735 3,984 4,173 4,000 20.0 3,309 3,041 3,067 2,

  7. Slide 7: ᣵፀขአകᛵ % 60.0 5,000 4,622 4,309 4,479 4,090 4,000 3,695 50.0 3,292 2,875 3,000

    ᣵፀขአകᛵ % 60.0 5,000 4,622 4,309 4,479 4,090 4,000 3,695 50.0 3,292 2,875 3,000 2,558 42.9 2,266 2,026 1,662 1,834 2,000 1,707 40.0 38.4 39.8 38.7 36.5 36.0 37.4 1,000 35.8 36.0 36.5 34.8 32.3 32.6 30.0 0 03/ 03/ 03/ 03/ 04/ 04/ 04/ 04/ 05/ 05/ 05/ 05/ 06/ 01-03 04-06 07-09 10-12 01-03 04-06 07-09 10

  8. Slide 8: ᣵፀขአകᛵ 1,500 1,228 1,212 1,235 1,200 1,171 5% 1,040 9% 900 23% 900 799

    ᣵፀขአകᛵ 23 15 11 1,500 1,228 1,212 1,235 1,200 1,171 5% 1,040 9% 900 23% 900 799 734 15% 609 600 548 484 495 414 25% 15% 300 8% 0 03/ 03/ 03/ 03/ 04/ 04/ 04/ 04/ 05/ 05/ 05/ 05/ 06/ 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 2003 9 2004 9 2005 9 2006 9 291 314 310 359 411 507 584 675 7

  9. Slide 9: PL (quarter on prior year)

    ᣵፀขአകᛵ 2 00 6 9 2 :PL 㧔೨ᐕหᦼ Ყ㧕 2006 1-3 2005 1-3 13,857 10,118 37.0% 5,092 4,201 21.2% 36.7 % 41.5% -4.8points 4,479 3,695 21.2% 32.3 % 36.5% -4.2points 612 506 20.9% 4.5 % 5.0% -0.5points 626 537 16.6% 2,292 1,238 85.1% 2,283 8

  10. Slide 10: BS (versus prior half-year end)

    ᣵፀขአകᛵ 2 00 6 9 2 :B S 㧔೨྾ඨᦼᲧ㧕 2006 3 2005 12 34,327 26,337 30.3 % 18,208 13,336 36.5 % 9,112 9,101 0.1 % 43,439 35,438 22.6 % 13,145 11,233 17.0 % 315 130 142.3 % 25,217 21,686 16.3 % 2,340 1,800 2,292 808 9

  11. Slide 11: CF (versus prior half-year)

    ᣵፀขአകᛵ 2 00 6 9 2 :C F 㧔೨྾ඨᦼᲧ㧕 2006 1-3 2005 10-12 CF 571 -930 CF -647 3,223 CF 4,963 -202 4,887 2,093 18,167 13,280 626 2,340 1,800 -416 10

  12. Slide 12: Forecast

    ᣵፀขአകᛵ 2 00 6 9 20 0 5 10 2006 9 2 0 06 1 19 2006 1 19 60,000 4,000 4,000 4,500 2005 9 43,273 2,651 2,700 2,487 38.7% 50.9% 48.1% 80.9% 2005 11 10 0 900.00 658,288 2005 11 18 2006 3 31 11

  13. Slide 13: CyberAgent

    EVRAET ILS & CyberAgent

  14. Slide 14: Group companies and tickers

    ʝʂʗʃʬʑʵ 4689 4788 4324 4281 2433 2389 4755 4293 13

  15. Slide 15: CyberAgent

    & CyberAgent

  16. Slide 16: Internet advertising overview

    ʫʑɭɬ̜ഈ EC EC EC ʫʑ᷅ɬ̜ഈ MicroAd CA cybozu.net 3/1 4/3 15

  17. Slide 17: Internet advertising sales

    ʫʑɭɬ̜ഈ 10,000 21.1% 8,206 8,139 8,000 7,784 7,085 6,719 6,000 5,596 40.7% 5,238 4,713 4,300 4,000 3,896 0.9% 2,000 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) EC 1,995 3,142 5,173 2,289 3,556 5,004 2,637 4,242 3,009 4,752 1,901 2,453 3

  18. Slide 18: Web2.0 advertising sales

    ʫʑɭɬ̜ഈ web2.0 4,000 0.9% 3,033 3,163 3,135 2,843 3,032 3,000 2,453 2,229 2,011 136.9% Ⴧ 2,075 2,000 1,901 1,000 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) PC 476 736 220 587 689 202 578 513 680 378 PC 78 158 949 106 404 957 108 440 75

  19. Slide 19: PC web, Web2.0 and Ameba page views

    ʫʑɭɬ̜ഈ PC W e b we b2 .0 Am eb a PV Ameba PV 80,000 77,408 35,000 33,164 70,393 28,000 25,360 25,429 20,939 61,287 21,000 60,000 58,696 12,798 53,726 14,000 9,319 8,483 7,000 3,188 1,335 40,000 0 2005/ 2005/2005/ 2005/ 2005/ 2005/ 2006/ 2006/ 2006/ 35,709 7 8 9 10 11 12 1 2 3 ( ) 33,716 30,139 imp.

  20. Slide 20: SOYJOY blog campaign

    ʫʑɭɬ̜ഈ ՠ ɽ ʩ ӛ ౓ ɥ ఙ श ȪȲʉɮɬʍʡʠʷɺ̜΍ http://ameblo.jp/soyjoy/ SOYJOY No.1 60 19

  21. Slide 21: Ameba blog examples

    ʫʑɭɬ̜ഈ BACKSTAGE Vida Del Football http://ameblo.jp/monex-oki/ http://ameblo.jp/moemode/ http://ameblo.jp/otobe-ayako/ 230,000PV¯ ጙ 1,200,000PV¯ ఌ 590,000PV¯ http://ameblo.jp/yugure/ http://ameblo.jp/somatakahito 1,000,000PV¯ 300,000PV¯ 20

  22. Slide 22: Web 2.0 page view rankings

    ʫʑɭɬ̜ഈ Web 2. 0 PV Web2.0 Web2.0 MySpace 2 PV 1 23 2006 4 4 1 Yahoo! 2 1 1 2 Google 4 3 MSN 10 4 MySpace(FOX) Web2.0 20 5 ebay 6 Amazon EC 23 30 7 craigslist.org 8 go.com 40 9 CNN 10 Passport.net Microsoft help 50 2006 4 100 Alexa 21

  23. Slide 23: Web 2.0 and Ameba

    ʫʑɭɬ̜ഈ Web 2. 0 Web2.0 MySpace Ameba Blog Music Video News Communication Communication 6 22

  24. Slide 24: Ameba

    ʫʑɭɬ̜ഈ A me b a 6 6 23

  25. Slide 25: Ameba SNS, RSS, BLOPPA

    ʫʑɭɬ̜ഈ 2006 4 3 2.0 SNS RSS 2006 5 Web BLOPPA 2006 6 24

  26. Slide 26: Advertising sales by device

    ʫʑɭɬ̜ഈ EC ᴥ ᫖ ‫ ף ފ‬՘ ऀ ᴦۨ˨ᯚ EC ᄁ਄㜞‫ޔ‬೨ᐕหᦼᲧ 40.7% Ⴧߩ 5,004 ⊖ਁ౞ ౝ‫ޔ‬ખ੺࡮⺖㊄╬ᄁ਄㜞‫ޔ‬೨ᐕหᦼᲧ 67.9% Ⴧߩ 1,066 ⊖ਁ౞ 6,000 5,173 5,004 4,752 40.7% Ⴧ 4,500 4,242 3,556 3,142 3,009 3,000 2,638 2,289 1,994 1,500 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7

  27. Slide 27: CyberAgent

    Rohe Sk a & CyberAgent

  28. Slide 28: ࢿ֖͍ျ̜ഈ ࢿ ֖ ͍ ျ ̜ ഈ ɥ ഫ਽Ȭɞᣵፀ‫͢ފ‬ᇋՒɆ̜ഈ᥂ ࢿ֖͍ျ ࢿ֖͍ျ̜ഈ 4/17 4/3 ʫʑ᷅ɬ̜ഈ

    ࢿ֖͍ျ̜ഈ ࢿ ֖ ͍ ျ ̜ ഈ ɥ ഫ਽Ȭɞᣵፀ‫͢ފ‬ᇋՒɆ̜ഈ᥂ ࢿ֖͍ျ ࢿ֖͍ျ̜ഈ 4/17 4/3 ʫʑ᷅ɬ̜ഈ ੵ៾ᑎ਽̜ഈ 27

  29. Slide 29: ࢿ֖͍ျ̜ഈ 8,000 7,134 49.2% Ⴧ 6,151 6,000 5,882 4,783 5,001 4,002 4,000 3,579 3,220

    ࢿ֖͍ျ̜ഈ 8,000 7,134 49.2% Ⴧ 6,151 6,000 5,882 4,783 5,001 4,002 4,000 3,579 3,220 2,916 2,263 2,000 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) 2,209 3,806 5,531 2,815 4,556 6,512 3,083 4,730 3,414 5,389 54 196 362 101 227 387 137 271 1

  30. Slide 30: ࢿ֖͍ျ̜ഈ 8,000 6,512 42.9% Ⴧ 6,000 5,531 5,389 4,556 4,730 4,000 3,806 3,414 3,083

    ࢿ֖͍ျ̜ഈ 8,000 6,512 42.9% Ⴧ 6,000 5,531 5,389 4,556 4,730 4,000 3,806 3,414 3,083 2,815 2,209 2,000 0 2004 2005 2006 2004 2005 2006 2004 2005 2006 2004 2005 2006 1Q (10 - 12 ) 2Q (1 -3 ) 3Q (4 -6 ) 4Q (7 -9 ) 688 1,283 1,679 939 1,664 1,874 1,017 1,537 1,142 1,652 309 1,081 1,756 585 1,197 1,826 754

  31. Slide 31: ࢿ֖͍ျ̜ഈ 1,500 1,318 1,345 1,338 33.9% 1,200 1,133 1,049 2 18.1% 941 900 844

    ࢿ֖͍ျ̜ഈ 5 5 1,500 1,318 1,345 1,338 1 33.9% 1,200 1,133 1,049 2 18.1% 941 900 844 723 3 10.3% 641 600 4 6.2% 300 5 4.2% 0 04/ 04/ 04/ 04/ 05/ 05/ 05/ 05/ 06/ 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 2004 9 2005 9 2006 9 30

  32. Slide 32: ࢿ֖͍ျ̜ഈ 44.4 50.9 42.2 40.5 40.7 40 37.1 37.9 108 37.2 100 94 32.6

    ࢿ֖͍ျ̜ഈ 60 150 145 145 128 50 136 125 44.4 50.9 42.2 98 40.5 40.7 40 37.1 37.9 108 37.2 100 94 32.6 30.2 31.5 90 29.5 30 27.4 75 75 76 69 66 20 50 46 10 25 0 0 03/ 03/ 03/ 03/ 04/ 04/ 04/ 04/ 05/ 05/ 05/ 05/ 06/ 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 2003 9 2004 9 2005 9 2006 9 31

  33. Slide 33: CyberAgent

    RAB MSR & CyberAgent

  34. Slide 34: Investment development business

    ੵ៾ᑎ਽̜ഈ EC ( ) ǽǽǽǽǽǽǽǽǽ 4/3 ੵ៾ᑎ ਽ ̜ ഈ ᥂ VC ǽǽǽǽǽǽǽǽǽǽǽǽǽǽǽǽǽǽ 4/3 33

  35. Slide 35: ੵ៾ᑎ਽̜ഈ 1,200 1,127 04/10-12 05/1-3 05/4-6 05/7-9 05/10-12 06/1-3 2005 9 2006 9 532

    ੵ៾ᑎ਽̜ഈ 1,200 1,127 800 543 400 333 47 31 11 0 04/10-12 05/1-3 05/4-6 05/7-9 05/10-12 06/1-3 2005 9 2006 9 532 1,088 308 0 47 11 11 39 25 31 47 11 431 1,071 289 31 1 2 34

  36. Slide 36: BtoB and BtoC

    ੵ៾ᑎ਽̜ഈ 20% 4,000 3,796 2,041 3 34 3,000 8943 2001 12 2.5% 2,000 9 7,110 1,536 1,755 280 1,256 3793 1,000 821.7 2001 11 13 2.7% 504.2 430.4 5,637 133.8 BtoB BtoC 0 BtoB 2004 2005 2005 2005 2005 2006 12 3 6 9 12 3 BtoC + = 35

  37. Slide 37: CyberAgent

    PREC lt CT & CyberAgent

  38. Slide 38: Web 2.0 versus Web 1.0

    ˹ᩋఙȾտȤȹ 1,000 100,000 web2.0 Blog,Wikipedia,SNS etc 60,000 web1.0 etc 43,273 26,728 20,000 16,202 10,824 6,392 3,276 2,651 4,000 19 1,726 -2 452 -34 -1,636 -106 -278 -142 98/9 99/9 0 0/9 01/9 02/9 03/9 04/9 05/ 9 06/ 9 07/ 9 08/ 9 1 2 3 4 5 6 7 8 9 10 11 37

  39. Slide 39: Ameba

    ˹ᩋఙȾտȤȹ Am e ba 2006 4 17 DY 2005 12 15 2006 3 27 2006 1 19 EC 38

  40. Slide 40: Vision

    PREC lt CT : lv ISION & CyberAgent 21 CyberAgent

  41. Slide 41: PL / BS

    PL PL BS & CyberAgent

  42. Slide 42: PL (quarter on prior quarter)

    Վᐎ៾୳ḧ 2 00 6 9 2 :PL 㧔೨྾ඨᦼ Ყ㧕 2006 1-3 2005 10-12 13,857 13,275 4.4% 5,092 5,227 -2.6% 36.7 % 39.4 % -2.7points 4,479 4,622 -3.1% 32.3 % 34.8 % -2.5points 612 604 1.3% 4.5 % 4.5 % 0.0points 626 657 -4.7% 2,292 2,490 -8.0% 41

  43. Slide 43: Quarterly sales and profit trend

    Վᐎ៾୳ḧ Ԩͱ % 30,000 50 27,133 43.1 43.7 41.6 42.2 41.4 41.9 41.0 38.6 39.5 38.0 40 24,573 20,000 18,700 30 30.7 14,976 11,751 20 10,000 8,909 7,293 6,108 4,716 10 3,161 3,231 1,898 1,217 344 845 881 753 0 60 0 1,000 -167 -51 -227 -486 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 42

  44. Slide 44: PL (half-year)

    Վᐎ៾୳ḧ 2 00 6 9 PL ‘05/10-’ 06/3 ‘04/10 - ’05/3 27,133 18,700 45.1% 10,319 7,741 33.3% 38.0 % 41.4 % -3.4points 1,217 753 61.6% 4.5 % 4.0 % 0.5points 1,284 791 62.3% 4,783 1,814 163.7% 43

  45. Slide 45: BS

    Վᐎ៾୳ḧ 2 00 6 9 BS 2006 3 2005 3 34,327 20,805 65.0 % 18,208 13,725 32.7 % 9,112 7,553 20.6 % 43,439 28,358 53.2 % 13,145 7,059 86.2 % 315 551 -42.8 % 25,217 19,199 31.3 % 44

  46. Slide 46: CAJJ

    Վᐎ៾୳Ḩ CAJJ 45

  47. Slide 47: CAJ and J1, J2

    Վᐎ៾୳Ḩ & CAJ J J1 2006 4 3 6 1,500 J2 3 6 6,000 6 J1 500 3000 6 J2 J1 J3 3 3 J2 3 3 46

  48. Slide 48: Group company list

    Վᐎ៾୳Ḩ CAJJ J1 1 2 EC 3 4 5 6 7 8 9 10 11 CA 12 MicroAd 13 J2 1 2 cybozu.net J3 1 2 3 4 5 6 2006 4 47

  49. Slide 49: Stock and shareholder information

    Վᐎ៾୳Ḩ 4751 12 1 21 3 20 14 4 3 12 13 2 9 19 9 8 3 18 66 8,660 9,584 2006 3 1, 2 3 5 2006 3 28 . 5 2006 3 432 2005 9 48

  50. Slide 50: Internet media business model

    Վᐎ៾୳Ḩ Client Internet Media Internet Advertising Agency User Web E-mail EC IPO 49

CyberAgent — Earnings Presentation (2006) on 6ix