East Side Games Group Inc · TSX:EAGR
East Side Games — Q1 2023 Earnings Presentation
9 slides from East Side Games's earnings presentation, May 11, 2023
Slide 1: Leaders in Free to Play Mobile Games – Analyst Call Q1 2023
LEADERS IN FREE TO PLAY MOBILE GAMES TSX: EAGR OTCQB: EAGRF ANALYST CALL – Q1 2023 May 11, 2023
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 Q1 REVENUE End of Q1 Cash $24.2M $3.1M ● 32% YEAR OVER YEAR REVENUE -32% YoY DECREASE YTD 2023 YTD adjEBITDA ● LAUNCHED STAR TREK, MILK FARM $24.2M $2.6M TYCOON AND DOCTOR WHO -32% YOY ● REDUCED COSTS IN Q4 TO RETURN TO PROFITABILITY Cash from Ops YTD End of Q1 Debt ● IP DEALS SIGN
Slide 4: ESGG Q4 Operating Metrics
ESGG Q4 Operating Metrics DAU 0% MAU 11% Consistent vs Q4 22’ ARDPAU 4 DAU, MAU and ARPDAU - Refer to definitions on Non-GAAP measures in MD&A.
Slide 5: We enable creators to deliver memorable mobile gaming experiences
GAME KIT MISSION We enable CREATORS to SUCCESSFULLY deliver memorable MOBILE GAMING experiences that engage players EVERY DAY.
Slide 6: Financial Highlights
2022 Financial Highlights CAD (Millions) Q1 2023 Q1 2022 ∆ REVENUE Gaming $24.2 18.2 $35.6 26.5 (32%) (31%) % Revenue Growth of % YOY and generated Adjusted EBITDA of $2.6 Advertising 6.0 9.1 (34%) REVENUE GROWTH million COST OF SALES 9.6 11.6 (17%) GROSS PROFIT $14.6 $24.0 (39%) Gross Margin % 60%
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 – Investor Relations
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
East Side Games Group — Q1 2023 Earnings Presentation on 6ix