16 slides from Take-two Interactive Software's investor presentation, Aug 18, 2015
Slide 1: Shareholder Outreach August 2015
Shareholder Outreach August 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws and may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "potential," "predicts," "
Slide 3: Take-Two: Industry Leader
Take-Two: Industry Leader We seek to be the most creative, most innovative and most efficient company in our business Our commitment to creativity and innovation enables us to consistently differentiate our products We combine leading technology with deep creative content to provide unique gameplay
Slide 4: Performance Update
Performance Update 4 See the attached Glossary for a discussion of Non-GAAP financial measures and cautionary statement, and a reconciliation of Non-GAAP results to GAAP results. Non-GAAP financial outlook as of August 10, 2015. 2014 was a record year due to initial launch of Grand Theft Auto V Stro
Slide 5: FY2015: One of Take-Two's Best Years Ever
Delivered very strong results: Non-GAAP Net Revenue of $1.7 billion1 Non-GAAP Net Income of $1.98 per share – initial guidance was $0.80 to $1.05 per share1 Results driven by: Outperformance of strong holiday lineup: Successful launch of our new IP Evolve in February Record digitally-delivered reven
Slide 6: World-Class Creative Teams Fundamental to Success
World-Class Creative Teams Fundamental to Success 6 Industry’s most iconic and critically acclaimed brand Series has sold-in over 220 million units, including over 54 million units of Grand Theft Auto V Grand Theft Auto V reached $1 billion in retail sales faster than any entertainment release in hi
Slide 7: Compensation Program Overview
Compensation Program Overview 7 We have adopted the following: Clawback policy Anti-hedging and anti-pledging policy Double trigger acceleration of vesting on a change in control for future grants made under an equity plan Strong stock ownership requirements for ZelnickMedia, other NEOs and director
Slide 8: Highly Performance-Based Compensation Program
Take-Two Program1 (Max Compensation) Highly Performance-Based Compensation Program 8 Equity is a major component of our compensation program Our Compensation Committee considers this a critical compensation element that motivates our executives and creative talent and aligns them with our shareholde
Slide 9: ZelnickMedia Management Relationship
Since 2007, Take-Two has had a management relationship with ZelnickMedia (ZM), under which ZM provides executive management and other services to Take-Two Our Executive Chairman and CEO, Strauss Zelnick, and our President, Karl Slatoff, serve in their current roles pursuant to the Management Agreeme
Slide 10: Independent Board with Deep Industry Experience
Independent Board with Deep Industry Experience 10 Independent Board (except for Chairman/CEO) Annually Elected Directors Strong Lead Independent Director Role No Supermajority Voting Requirements Shareholders Action By Written Consent Diverse Knowledge and Skills in the Boardroom and Strong Indepen
Slide 11: Appendix
Appendix Take-Two Interactive Software 11
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures 12 In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses Non-GAAP measures of financial performance. The Company believes that these Non-GAAP financial measures, when taken into consideration w
Slide 13: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures 13 Reconciliation of GAAP to Non-GAAP Measures (in millions, except per share data, totals may not foot due to rounding) Fiscal 2010 Fiscal 2011 Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 Net Revenues GAAP Net Revenues $ 762.9 $1,136.9 $ 825.8 $1,214.
Slide 14: Reconciliation of GAAP to Non-GAAP Measures (cont'd)
Reconciliation of GAAP to Non-GAAP Measures (cont’d) 14 Reconciliation of GAAP to Non-GAAP Measures (in millions, except per share data, totals may not foot due to rounding) Fiscal 2010 Fiscal 2011 Fiscal 2012 Fiscal 2013 Fiscal 2014 Fiscal 2015 Computation of Diluted GAAP EPS Net Income (loss) $ (1
Slide 15: Proxy statement and participants notice
15 Take-Two Interactive Software, Inc. (the “Take-Two”) filed a definitive proxy statement with the Securities and Exchange Commission ("SEC") with respect to its 2015 Annual Meeting of Stockholders. Stockholders should read the definitive proxy statement carefully, before making any voting decision
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