East Side Games Group Inc · TSX:EAGR
East Side Games — Q3 2022 Earnings Presentation
9 slides from East Side Games's earnings presentation, Nov 10, 2022
Slide 1: Leaders in Free to Play Mobile Games - Analyst Call Q3 2022
LEADERS IN FREE TO PLAY MOBILE GAMES TSX: EAGR OTCQB: EAGRF ANALYST CALL – Q3 2022 November 10, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains general background information about EastSide Games Group (the “Company”) in summary form, and does not purport to be complete. It is confidential, not for distribution to the public, for information purposes only, and may not be reproduced or di
Slide 3: Executive Summary
EXECUTIVE Summary Q3 REVENUE End of Q3 Cash $25.0M $5.2M ● YEAR OVER YEAR COMPS ARE +32% YoY STRONG BUT DECLINING YTD 2022 YTD adjEBITDA SEQUENTIALLY $90.4M $2.6M ● STAR TREK: LOWER DECKS +40% YOY LAUNCHED IN MID-SEPT ● NEGATIVE EBITDA FOR Q3 Cash from Ops YTD End of Q3 Debt ● CHANGING FOCUS TO PROF
Slide 4: ESGG Q3 Operating Metrics
ESGG Q3 Operating Metrics Stable DAU + 22% MAU +19% vs Q3 21’ 4 DAU, MAU and ARPDAU - Refer to definitions on Non-GAAP measures in MD&A.
Slide 5: Game Kit Mission
GAME KIT MISSION We enable CREATORS to SUCCESSFULLY deliver memorable MOBILE GAMING experiences that engage players EVERY DAY.
Slide 6: Q3 Financial Highlights
Q3 Financial Highlights CAD (Millions) Q3 2022 Q3 2021 32% ∆ REVENUE $25.0 $19.0 32% Quarterly Revenue growth of 32% vs. Gaming 18.6 13.8 35% same period 2022 and reduction of Advertising 6.4 5.2 23% YOY 16% from Q2 2022 COST OF SALES 9.5 6.9 38% GROWTH GROSS PROFIT $15.5 12.2 27% Gross Margin % 62%
Slide 7: Summary
SUMMARY Shifting focus from hyper growth to focus on profitability and cash generation • GROWTH reduction in the number of games to be launched in 2023. Tighter focus on large IP driven games. • RIGHT SIZE TEAM Continue to right size the team in light of slower growth expectations. • ADDING GAME KIT
Slide 8: Q&A Analyst
Q&A ANALYST
Slide 9: Contact Us
LEADERS IN FREE TO PLAY MOBILE GAMES TSX: EAGR OTCQB: EAGRF Contact Us Investor Relations Follow @esggroupinc on info@eastsidegamesgroup.com IR@eastsidegamesgroup.com www.eastsidegamesgroup.com
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