Pearlabyss Corp. · KRX:263750

Pearlabyss — Q4 2021 Earnings Presentation

12 slides from Pearlabyss's earnings presentation, Feb 15, 2022

  1. Slide 1: Q4 '21 Earnings Presentation

    Q4 ‘21 Earnings Presentation Pearl Abyss Corp. 15 Feb. 2022

  2. Slide 2: Disclaimer

    Disclaimer 02 PEARL ABYSS This presentation contains forward-looking statements that relate to our future operations, prospects, developments, strategies, business growth, and financial outlook. Forward-looking statementsare identified by words suchas 'believes', ‘estimates’, ‘expects’, ‘intends’, '

  3. Slide 3: Contents

    Contents PEARL ABYSS Q4'21 Overview Q4'21 Operating Performance Q4'21 Revenue Breakdown Q4'21 Operating Expenses H1'22 Highlight Appendix

  4. Slide 4: Q4'21 Overview

    1. Q4'21 Overview ❖ Live Service Operating Revenue (Unit: billion KRW) ① Black Desert 105.6 118.0 ▪ Contents renewal and user communication 100.9 88.5 96.4 ✓ 'Everfrost' & 'Class Reboot' updates (New users +165%, NA/EU +230%) ✓ Calphe:on Ball (550 thousand participants) ▪ IP expansion : BDM China se

  5. Slide 5: Q4'21 Operating Performance

    2. Q4'21 Operating Performance Operating Revenue Operating Profit Net Profit (Unit: billion KRW, %) 19% 22% 13% 11% 105.6 118.0 100.9 -7% 21% 28% 1% 3% 9% 88.5 96.4 25.7 26.8 20.0 20.7 13.1 10.2 10.8 1.1 2.8 -6.0 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 4Q20 1Q21 2Q21 3Q21 4Q21 YoY 11.7 % Y

  6. Slide 6: Q4'21 Revenue Breakdown

    3. Q4'21 Revenue Breakdown Revenue by Core IP Revenue by Region Revenue by Platform (Unit: billion KRW) 103.5 100.5 24% 29% 25% 19.1 87.4 89.7 17.6 85.4 40% 36% 43% 51% 18.8 50% 57% 53% 18.1 11% 8% 18.4 9% 11% 11% 84.4 34% 82.9 28% 70.9 30% 29% 65% 67% 69.3 67.0 26% 62% 49% 53% 23% 22% 19% 18% 17% 4

  7. Slide 7: Q4'21 Operating Expenses

    4. Q4'21 Operating Expenses Operating Expense by Quarter (Unit : million KRW, %) 4Q20 1Q21 2Q21 3Q21 4Q21 QoQ YoY Ratio % of Rev. 85,640 87,817 94,506 86,176 92,253 7.1% 7.7% 100.0% 78.2% 32,727 36,368 45,851 41,296 43,973 6.5% 34.4% 47.7% 37.3% 24,280 23,575 21,810 18,028 19,128 6.1% -21.2% 20.7% 1

  8. Slide 8: H1'22 Highlight

    5. H1'22 Highlight ❖ Live Service ▪ Black Desert ✓ Class balance enhancement ✓ New PvP contents ✓ Global live streaming ▪ EVE ✓ China service (Fanfest : user meeting) ✓ New service preparation ❖ Growth Strategy ▪ IP expansion ✓ BDM China : CBT and Launch ▪ New IP : Crimson Desert, DokeV, Plan 8 ✓ Fo

  9. Slide 9: Appendix

    PEARL ABYSS Appendix

  10. Slide 10: Consolidated Financial Statements (Statement of Financial Position)

    Appendix. Consolidated Financial Statements (Statement of Financial Position) (Unit : million KRW) 2020.12.31 2021.12.31 2020.12.31 2021.12.31 Liabilities Assets Ⅰ. Current Liabilities 181,651 274,436 Ⅰ. Current Assets 481,793 721,232 Other liabilities 32,482 78,554 Cash and Cash Equivalents 202,124

  11. Slide 11: Consolidated Financial Statements (Comprehensive Income Statement)

    Appendix. Consolidated Financial Statements (Comprehensive Income Statement) (Unit : million KRW) 4Q20 1Q21 2Q21 3Q21 4Q21 Revenue 105,616 100,895 88,520 96,400 117,975 Operating Expenses 85,640 87,818 94,506 86,176 92,253 Operating Profit 19,976 13,077 (5,986) 10,224 25,722 Financial Income (21,456

  12. Slide 12: Pearl Abyss

Pearl Abyss — Q4 2021 Earnings Presentation on 6ix