Slide 1: FY2023 Financial Results
FY2023 abcdefghijklmnopqrst uvwxyz Results Financial 17LIVE Group Limited 2021.09.10 brand 28 February, & marketing 2024 17LIVE Japan inc.
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified. The Company assumes no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein
Slide 3: FY2023 Group Financials Key Takeaways
FY2023 Group Financials Key Takeaways FY2023 Share-based FY2023 FY2022 FY2022 (in US$’000) Actual payment De-SPAC Revaluation Adjusted Actual Adjusted Variance %Variance Operating revenue 278,927 0 0 0 278,927 363,718 363,718 (84,791) -23.3% Operating income 13,750 1,609 0 0 15,359 10,124 10,964 4,3
Slide 4: Joseph Phua, Executive Chairman and CEO
Joseph Phua abcdefghijklmnopqrst uvwxyz Executive Chairman and Chief Executive Officer 2021.09.10 brand & marketing 17LIVE Japan inc.
Slide 5: Growth drivers: Geographic expansion leveraging leadership position in Taiwan and Japan
Growth drivers: Geographic expansion leveraging leadership position in Taiwan and Japan USA abcdefghijklmnopqrst Hong Kong uvwxyz Thailand Philippines Live streaming market size in Southeast Asia (By total revenue, US$mn) Malaysia +19.2% 2,161 2023-27F CAGR Singapore Indonesia 1,072 2021.09.10 brand
Slide 6: Well capitalized to execute various growth initiatives
With cash injection through SGX listing and positive operational cash-flow, 17LIVE is well capitalized to execute various growth initiatives ● Cultivate Quality Talent: Acquire talent agencies to retain high-potential streamers & V-Livers, fostering a robust ecosystem. ● Boost User Engagement: Local
Slide 7: abcdefghijklmnopqrst uvwxyz
1 Quality & diversity Discover, nurture, and promote high quality streamers and diversified streamer content Leader in live streaming platform in Japan and Taiwan combined2 2 Proven With expansion plans in Southeast Asia and USA abcdefghijklmnopqrst 3 Engaged eco-system ~93 min Avg. Daily View Durat
Slide 8: Jing Shen Ng, Chief Technology Officer
Jing Shen Ng abcdefghijklmnopqrst uvwxyz Chief Technology Officer 2021.09.10 brand & marketing 17LIVE Japan inc.
Slide 9: Self-reinforcing ecosystem to create unique value
Self-reinforcing ecosystem to create unique value V-Liver Live streaming Users Streamers In-app Live Games Commerce Confidential I
Slide 10: Multiple monetisation strategies
Multiple monetisation strategies Buy virtual points abcdefghijklmnopqrst Send gifts to show Revenue Users appreciation Live share Streamers / V-Livers streaming (gifting) uvwxyz Buy Revenue goods Live share Commerce Purchase in-game virtual items 2021.09.10 Games brand & marketing 17LIVE Japan inc.
Slide 11: Diversified growth drivers: Large and growing total addressable market
Diversified growth drivers: Large and growing total addressable market Rapidly growing total addressable market1 Live commerce Key drivers of media & US$6.1bn (2027F) entertainment industry + 22.7% (2023-2027F) - Taiwan + 43.6% (2023-2027F) - Japan Increasing digital natives V-Liver Rise of digital
Slide 12: Diversified growth drivers: V-Liver
Diversified growth drivers: V-Liver Strong growth momentum in V-Liver business1 2 Organic V-Livers Rapidly growing V-Liver community 1 V-Liver opportunity ~2k 6.5x V-Liver YoY Japan MAS increase (By total revenue, US$mn) 3,865 Murayuki Self-grown organic V-Liver since Nov 2018 Expanding +41.2% 17LIV
Slide 13: Profitable, and proven ability to monetize the high-quality user base
Profitable, and proven ability to monetize the high- quality user base Proven business model Strong user engagement Strong Growth Drivers US$278.9mn ~93 min +60% 2023 Revenue Avg. Daily View Duration Per DAU2 2023 V-Liver Revenue Spenders US$20.0mn 7.1x 16.1% Japan V-Liver MAS 2023Adjusted EBITDA1 (
Slide 14: Kenta Masuda, Chief Financial Officer
Kenta Masuda abcdefghijklmnopqrst Chief Financial Officer uvwxyz 2021.09.10 brand & marketing 17LIVE Japan inc.
Slide 15: Achieved higher adjusted operating income, EBITDA, and net income
Achieved higher adjusted operating income, EBITDA, and net income with enhanced profitability Adjusted operating income (*1) Adjusted EBITDA (*2) Adjusted net income (*3) (in USD million, % of revenue) (in USD million, % of revenue) (in USD million, % of revenue) +26% abcdefghijklmnopqrst +40% uvwxy
Slide 16: SGX listing significantly enhanced health of balance sheet
SGX listing significantly enhanced health of balance sheet. Improved liquidity position allows critical navigation in rapidly evolving market Cash and cash equivalents Current assets Current liability (in USD million) (in USD million) (in USD million) abcdefghijklmnopqrst 1.8x 2.6x uvwxyz -75% 2021.
Slide 17: Improving margins across all segments, driven by new businesses
Improving margins across all segments, driven by new businesses such as OrderPally, 17LIVE’s live commerce service Livestreaming segment profit margin Others segment profit margin (*) 12.1% 7.3% 10.3% 2022 2023 -14.5% 2022 2023 *Others include live-commerce (OrderPally, HandsUp), Wave.
Slide 18: Questions and Answers
abcdefghijklmnopqrst Questions and Answers uvwxyz 2021.09.10 brand & marketing 17LIVE Japan inc.
Slide 19: Thank you
abcdefghijklmnopqrst Thank you uvwxyz 2021.09.10 DBS Bank Ltd. acted as the solebrand & marketing issue manager for the business combination of Vertex Technology Acquisition Corporation 17LIVE Japan17LIVE Ltd with inc. Inc.