Artifex Mundi Sa · GPW:ART
Artifex Mundi Sa — Q1 2024 Earnings Presentation
21 slides from Artifex Mundi Sa's earnings presentation, May 16, 2024
Slide 1: Investor Presentation, Warsaw, May 16, 2024
INVESTOR PRESENTATION WARSAW, MAY 16, 2024
Slide 2: Introduction
INVESTOR PRESENTATION Introduction
Slide 3: Key facts about Artifex Mundi
Key facts about Artifex Mundi Company profile: Selected market details: ▪ Computer game developer and publisher ISIN PLARTFX00011 Number of shares 11,897,000 ▪ 17 years of experience in the gaming industry Capitalization(2) PLN 303 million ▪ 103 employees Price/profit(2) 10.7 Stock ownership (by num
Slide 4: Key events of 2024
INVESTOR PRESENTATION Key events of 2024
Slide 5: Q1 2024 in short
RECORD-BREAKING SALES Q1 2024 in short 95% increase in revenue in the F2P segment in Q1. 2024 to almost PLN 25 million, driving Artifex Mundi’s results. PLN 27.5 million DYNAMIC GROWTH OF UNSOLVED IN REVENUE +73% YoY Doubling the revenue from Unsolved in Q1 2024 (+PLN 12.5 million) to PLN 24.3 milli
Slide 6: F2P segment
INVESTOR PRESENTATION F2P segment
Slide 7: Free-to-play in Q1 2024
Free-to-play in Q1 2024 Segment revenue by game Sales results (in PLN mil.) Σ 25,0 ▪ 95% increase in revenue from the segment to almost PLN 25.0 million Σ 12,8 24,7 12,3 ▪ 74% increase in user acquisition costs to PLN 13.9 million 0,5 0,2 ▪ 130% increase in the gross margin to PLN 11.0 million 1st q
Slide 8: Commercialization of Unsolved
Commercialization of Unsolved Unsolved. Monthly revenue and user acquisition costs 8,8 (PLN mil.) 8,0 7,9 7,3 7,1 7,1 6,8 6,9 6,5 6,0 5,6 5,3 5,1 3,9 3,3 1,9 2,0 2,1 4,6 4,9 1,9 1,9 1,9 1,8 4,5 4,5 4,5 1,7 1,7 1,7 1,7 1,8 4,0 3,8 3,9 3,4 3,1 3,2 3,2 2,2 2,4 2,4 1,5 1,3 1,3 1,1 1,1 0,9 0,8 0,8 1,1 1,
Slide 9: Unsolved in Q1 2024
Unsolved in Q1 2024 Revenue from Unsolved – structure Key events Σ 24.7 (PLN mil.) Σ 21.0 Σ 20.7 4,9 ▪ Expansion of the available content from 43 to 45 adventures at the end of 2023; 5,0 4,3 Σ 16.8 ▪ Optimization of the existing mechanics and features, with minor modifications that impact the LTV; 9
Slide 10: Unsolved - plans and perspectives
Unsolved - plans and perspectives Plans for the upcoming months of 2024 ▪ Metagame development: ▪ Achieving further key milestones by the end of 2024; ▪ Turn of 2024 and 2025 – first user tests; ▪ 2025 - full deployment, optimization, live-ops implementation. ▪ Development of the game version availa
Slide 11: Unsolved – perspectives
Unsolved – perspectives Planned changes versus commercial potential Change perspectives for Unsolved’s LTV ▪ Unsolved is a game at an early stage of development. ▪ High potential in terms of lifetime installations and LTV in relation to reference games. Metagame ▪ Development of the currently availa
Slide 12: New RPG
New RPG Key facts ▪ A game that hopes to be known as a mobile AAA; a fresh variation of a popular sub-genre of mobile RPGs; ▪ Q1 2024 - working on content expansion and game mechanics, preparation for further testing; ▪ Plan for Q2-Q4 2024: ▪ Q2 - continuing the activities taken up at the beginning
Slide 13: HOPA segment
INVESTOR PRESENTATION HOPA segment
Slide 14: HOPA in Q1 2024
HOPA in Q1 2024 Segment sales by platform Summary (in PLN mil.) ▪ Lower sales result from, among other things, the life cycle of commercially available games and the lack of new releases. Σ 3,0 ▪ Continuing the strategy of increasing the availability of games from Artifex Mundi’s portfolio for conso
Slide 15: Financial performance in Q1 2024
INVESTOR PRESENTATION Financial performance in Q1 2024
Slide 16: Selected financial data
Selected financial data Financial results PLN thousands Q1 2024 Q1 2023 Change 1 Sales revenue: 27,503 15,928 73% Further dynamic increase in revenue from the free- Free-to-play 24,955 12,790 95% 1 to-play segment. Decrease in the sales of premium-model games as planned in the budget. HOPA & other p
Slide 17: Selected financial data
Selected financial data Normalized EBITDA (PLN mil.) 9,6 9,1 7,8 6,7 EBITDA and financials 5,9 5,6 5,6 5,7 5,0 4,5 4,2 4,0 3,4 ▪ Consistently improving financial standing of the company, which secures 1st qtr. of 2nd qtr. of 3rd qtr. of 4th qtr. of 1st qtr. of 2nd qtr. of 3rd qtr. of 4th qtr. of 1st
Slide 18: Plans and perspectives
INVESTOR PRESENTATION Plans and perspectives
Slide 19: Sales in April 2024
Sales in April 2024 Sales revenue (PLN mil.) Sales results 9,7 8,5 ▪ 35% increase (YoY) in the Company’s revenues to PLN 8.5 million 6,3 ▪ 48% increase (YoY) in revenue from the commercialization of Unsolved to PLN 5.3 million ▪ 49% increase in the Company’s gross margin to PLN 4.3 million Apr-2023
Slide 20: Perspectives for Q2-Q4 2024
Perspectives for Q2-Q4 2024 A further dynamic increase in the revenue from Unsolved with lower revenue Artifex Mundi’s revenue from the sales of premium games is expected. A slight increase of investment (YoY) in the development of Unsolved and the Game production expenditure production of the new R
Slide 21: Artifex Mundi S.A. Contact for Investors
Artifex Mundi S.A. ul. Wolności 262 41-800 Zabrze ir@artifexmundi.com Contact for Investors: Błażej Dowgielski b.dowgielski@makmedia.pl tel: +48 692 823 744 www.artifexmundi.com