Slide 1: CD PROJEKT Group Q1 2020 Earnings
CD PROJEKT® CD PROJEKT GROUP Q1 2020 EARNINGS Adam Kicinski // President, Joint CEO Piotr Nielubowicz // Member of the Board, CFO Michat Nowakowski // Member of the Board, SVP Business Development May 29, 2020
Slide 2: The Witcher: 20 million copies sold
ITSHER 20 MILLION , COPIES SOLD
Slide 3: Update on COVID-19
UPDATE ON COVID-19 ‣ The entire team continues to work from home ‣ We adapted quickly and efficiently to the new work environment ‣ The health and safety of our team are our priority ‣ We are focused on delivering Cyberpunk 2077 ‣ We support local communities 3
Slide 4: THRONE! leaker
THRONE! leaker ABE “THE WT CHERTALESSN 28.01.2020 Zs
Slide 5: une
une 24.03.2020 HES ON N ANDROID.
Slide 6: Gwent - Net Revenues by Platform
GWENT - CD PROJEKT GROUP NET REVENUES BY PLATFORM (7 days after platform launch) Xbox One PlayStation4 iOS GOG Launch dates: PS4 and Xbox One (Homecoming) - 04.12.18 GOG (Homecoming) - 23.10.18 iOS - 29.10.19 Android 6 Android - 24.03.20
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Slide 8: June Hands On 2020
HANDS ON JUNE 2020 8 8
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Slide 10: Financial Results
FINANCIAL RESULTS 10
Slide 11: CD Projekt Group - Profit and Loss Account
CD PROJEKT GROUP - PROFIT AND LOSS ACCOUNT Q1 2019 Q1 2020 RED GOG eliminations change Sales revenues 80 878 192 972 147 774 48 993 -3795 2,4x Revenues from sales of products 50 870 137 220 133 089 2968 1163 Revenues from sales of services 48 319 1354 0 -1035 Revenues from sales of goods and materia
Slide 12: Quarterly Revenues
CD PROJEKT GROUP - QUARTERLY REVENUES Title 220 000 165 000 110 000 213 314 192 972 127 300 133 502 55 000 92 999 93 551 75 435 80 905 67 167 Q1.2018 Q2.2018 Q3.2018 Q4.2018 Q1.2019 Q2.2019 Q3.2019 Q4.2019 Q1.2020 12 All figures in PLN thousands
Slide 13: CD Projekt Group - Profit vs. Costs and Expenses
CD PROJEKT GROUP - PROFIT VS. COSTS AND EXPENSES 220 000 Net profit Costs and expenses 165 000 108 880 100 993 33 883 110 000 41 417 14 755 29 538 17 797 22 892 15 487 55 000 104 434 99 619 91 979 85 883 78 796 63 461 63 108 52 543 51 680 Q1.2018 Q2.2018 Q3.2018 Q4.2018 Q1.2019 Q2.2019 Q3.2019 Q4.20
Slide 14: CD Projekt Group - Balance Sheet
CD PROJEKT GROUP - BALANCE SHEET ASSETS 31.12.19 31.03.20 change change % Fixed assets 679 097 727 765 48 668 7% Expenditures on development projects 385 848 435 784 49 936 13% Other fixed assets 293 249 291 981 -1268 0% Working assets 725 011 796 947 71 936 10% Inventories 12 862 22 874 10 012 78%
Slide 15: CD Projekt Group - Changes in Expenditures on Development Projects
CD PROJEKT GROUP - CHANGES IN EXPENDITURES ON DEVELOPMENT PROJECTS 70 000 2 094 GOG.com -100 926 2094 CD PROJEKT RED 2 087 52 500 2087 1 794 1794 2 001 35 000 2001 2 836 2 659 59 678 2836 2659 2 290 2 046 52 212 2046 2 162 2290 41 671 17 500 2162 32 586 25 540 24 307 23 136 21 276 17 431 Q1.2018 Q2.
Slide 16: CD Projekt Group - Balance Sheet
CD PROJEKT GROUP - BALANCE SHEET ASSETS 31.12.19 31.03.20 change change % Fixed assets 679 097 727 765 48 668 7% Expenditures on development projects 385 848 435 784 49 936 13% Other fixed assets 293 249 291 981 -1268 0% Working assets 725 011 796 947 71 936 10% Inventories 12 862 22 874 10 012 78%
Slide 17: CD Projekt Group - Cash Flow
CD PROJEKT GROUP - CASH FLOW 700 000 17 288 54 300 610 320 73 052 128 019 525 000 91 979 350 000 482 301 482 301 175 000 Cash and deposits Net profit Reduction Other Expenditures Cash and deposits 31.12.2019 for the period in receivables adjustments/flows on development 31.03.2020 projects 17 All fi
Slide 18: Q&A
2? QEA €
Slide 19: Appendix
APPENDIX 19
Slide 20: Incentive Program for 2020-2025 - Plans
INCENTIVE PROGRAM FOR 2020-2025 - PLANS Title 10 000 Existing program - base goals New program - base goals New program - premium goals 7500 5000 10 000 8300 8300 7000 7000 6000 2500 618 856 1093 4 years 5 years 6 years 20 All figures in PLN millions
Slide 21: Thank You
> THANK YOU < IR contact: Karolina Gnaś // karolina.gnas@cdprojekt.com
Slide 22: Legal disclaimer
Legal disclaimer This report includes forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2020 and beyond could differ materially from the CD PROJEKT's current expectations. Forward-lookin