Starbreeze Ab Class A · OMXSTO:STAR_A
Starbreeze Ab Class A — Q3 2017 Earnings Presentation
29 slides from Starbreeze Ab Class A's earnings presentation, Nov 16, 2017
Slide 1: Starbreeze Q3 2017 Highlights
STARBREEZE Q3 2017 Highlights 16 November, 2017 Slide / 1
Slide 2: About Starbreeze
ABOUT STARBREEZE Starbreeze is an independent creator, publisher and distributor of high quality entertainment products. With studios in Paris, Los Angeles, Barcelona, Brussels, and India we create games and virtual reality products based on proprietary design and licensed content. Headquartered in
Slide 3: Outline
new Financial goals Financial overview outline Starbreeze games publishing Vr tech & operations Slide / 3
Slide 4: Vision and financial targets
Vision > be a leading provider in the entertainment industry by creating world-class experiences. Vision and financial targets Financial targets Net sales Profitability Dividend policy Starbreeze target is to achieve Starbreeze target is to generate No dividend in the next few net sales of at least
Slide 5: Strong portfolio growth ahead
Strong Portfolio growth ahead future portfolio ~2,000 (financial target) current portfolio System Shock 3 Psychonauts 2 357 ? 2017Q3 LTM 2020E Net sales (SEKm) Slide / 5
Slide 6: Financial overview
Financial overview Slide / 6
Slide 7: Starbreeze evolution
Starbreeze evolution CAGR: ~28% 345 357 218 142 161 31 Founded 1998 2012 CY 2013 CY 2014 CY 2015 CY 2016 CY 2017 Q3 LTM Net sales (SEKm) VR ECOSYSTEM PUBLISHING AND INVESTING IN VR GAMES DEVELOPMENT PHYSICAL DISTRIBUTION, FEW PLATFORMS DIGITAL DISTRIBUTION, MULTI-PLATFORM PC (retail) Slide / 7 Note:
Slide 8: Maintained revenues and high activity in Q3
Maintained revenues and high activity in Q3 Third quarter 2017 Results/key figures 2017 2016 § Net sales increase by 11 percent excluding non-recurring revenue TSEK Q3 Q3 last year. Net sales 77,726 102,707 § Both PAYDAY and Dead by Daylight generated revenues in line with the third quarter 2016 eve
Slide 9: Revenue breakdown Q3
REVENUE BREAKDOWN Q3 PC 53 % Other 8 % Console 47 % Dead BY Daylight 65 % PAYDAY 27 % Slide / 9
Slide 10: Strong revenue growth driven by new releases
Strong revenue growth driven by new releases Net sales development, 2013 Q1–2017 Q3 Net sales by title per quarter, 2013 Q3–2017 Q31) >10x increase Largest game ~85–100% of net sales Largest game ~40–60% 382 362 SEKm 123 357 345 103 103 295 99 90 242 78 214 217 218 212 72 197 169 177 57 154 161 51 5
Slide 11: Increased operating expenses driven by initiatives
Increased operating expenses driven by initiatives Operating expenses development 2015–2017YTD EBITDA development 2015–2017YTD 109 212 303 176 303 23,5% 599 17,2% 22,6% 201 472 441 49 81 42 165 149 -5,9% 313 249 112 -21 -60 94 398 292 307 201 155 -23,2% 2015 2016 2017 Q3 LTM 2016 YTD 2017 YTD 2015 2
Slide 12: Increased rate of investments to fuel future growth
Increased rate of investments to fuel future growth Investments in games development and publishing1) Comments 114,8% § Starbreeze invests in game and product development, which 362,7 will make it possible for the Company to continue releasing 101,6% high-quality games. 295,8 145,1 56,4% § Historica
Slide 13: Starbreeze segments
Starbreeze STARBREEZE GAMES publishing VR Tech & segments Operations The business area consists of the Starbreeze publishes games developed The business area consists of virtual company’s own games portfolio. by third parties in the Publishing reality (VR) technology and software Revenues currently
Slide 14: Starbreeze Games
Starbreeze GAMES Slide / 14
Slide 15: At peak played PAYDAY 2
Slide / 15 in July 99,900 played At peak payday 20 50 000 100 000 150 000 200 000 250 000 300 000 sep-14 okt-14 nov-14 dec-14 jan-15 feb-15 mars-15 apr-15 maj-15 juni-15 juli-15 aug-15 sep-15 okt-15 nov-15 dec-15 Concurrent players (avg) jan-16 feb-16 mars-16 Linear (Concurrent players (avg)) apr-16
Slide 16: Payday 2: 5.45 m members
Payday 2 Steam community (millions) 6,0 5,4 5,45 5,0 4,5 4,6 4,1 4,2 4,0 3,8 3,4 3,5 3,2 3,3 3,0 2,8 Payday 2: 2,0 2,2 5.45 m 1,0 members 0,0 on steam Slide / 16
Slide 17: PAYDAY 2 VR Beta
PAYDAY 2 VR BETA Beta starts later today! Ongong beta to test all features, available for free for all existing PAYDAY 2 players SLIDE / 17
Slide 18: Geminose: Animal Popstars
Geminose: animal popstars Geminose: Animal Popstars to be exclusively launched for Nintendo Switch™ Slide / 18
Slide 19: Starbreeze Publishing
STARBREEZE PUBLISHING Slide / 19 CONFIDENTIAL
Slide 20: Dead by Daylight DLC releases
LULLABY FOR THE DARK CHARITY CASE Dead by Daylight free character update Dead by Daylight paid cosmetic update DEAD BY DAYLIGHT DLC Dead by Daylight: A Lullaby for the Dark - New Free Chapter out now on STEAM Dead by Daylight: Charity Case - New DLC Pack out now on Humble Bundle and Steam RELEASES S
Slide 21: Dead by Daylight DLC releases
DEAD BY DAYLIGHT DLC RELEASES Dead by Daylight paid character update A Chainsaw Massacre Coming to Dead by Daylight Slide / 21
Slide 22: RAID: World War II PC release
RAID: World War II PC release RAID: World War II available today on steam for windows pc! Slide / 22
Slide 23: VR Tech & Operations
Vr tech & operations Slide / 23
Slide 24: VR strategy – to enable premium content
Vr strategy – to enable premium content Illustrative Profit Premium Content Location-based vr centers StarVR headset STOR M Time Large investments to enable sale of content Slide / 24
Slide 25: New financing plan for StarVR
Purpose of developing a VR headset StarVR joint venture overview § Enable an end-to-end concept for location-based VR New entertainment. § Full control of entertainment financing experience. § Pioneer and unlock the B2B IP rights R&D Reference design R&D Financing Production plan for market. § Targe
Slide 26: New VR center in Dubai
New VR center in dubai Starbreeze main partner for new VR centre in Dubai Slide / 26
Slide 27: VR premium content strategy
Acquire key Develop new Expand VR games technology to titles and portfolio through Corner- enable premium leverage on publishing stones of VR content successful IPs vr premium STORM content strategy Slide / 27
Slide 28: Premium content
PREMIUM Future revenue driver for VR initiatives in LBE SLIDE / 28
Slide 29: Contact us at ir@starbreeze.com
Contact us at ir@starbreeze.com Slide / 29