Cd Projekt S.a. · GPW:CDR
Cd Projekt — FY2022 Earnings Presentation
17 slides from Cd Projekt's earnings presentation, Mar 30, 2023
Slide 1: CD PROJEKT GROUP FY 2022 Earnings
CD PROJEKT GROUP FY 2022 Earnings 30 MARCH 2023 Adam Kicinski | presiDeNT, ceo Piotr Nielubowicz | MEMBER OF THE BOARD, CFO Michat Nowakowski | MemBeR OF THE BOARD, SVP BUSINESS DEVELOPMENT
Slide 2: A clear vision for the years ahead
2022 i, A clear vision for the years ahead 2m, » Parallel development kicks off: two teams working on separate projects » Strategic partnership with Epic Games on using Unreal Engine in our upcoming games » Strategy Update: reveal of CD PROJEKT longterm product outlook » 1.5 patch - dedicated versio
Slide 3: Slide 3
Slide 4: Great feedback after Cyberpunk 2077 major updates in 2022
Great feedback after Cyberpunk 2077 major updates in 2022 15 000 10 000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb BB Positive [J Negative Number of Steam reviews y A. 4 CD PROJEKT
Slide 5: Slide 5
Slide 6: Revenues from sales of CD PROJEKT RED games
Revenues from sales of CD PROJEKT RED games CD PROJEKT RED long-term sales tail 1500 2 £4000 © a °° a ia ° a ra 2 5 500 —_—_—a se os 2007 2008 2009 2010 2011 2012 2013 «2014 «862015 =92016 §=62017. 2018 §=2019 2020 2021 2022 HB The Witcher §§ The Witcher2 {) The Witcher3+expansions [J Cyberpunk 2077
Slide 7: Strengthening the RED team
Strengthening the RED team » HEADCOUNT: Over 1000 in CDPR — scaling for the development Below table compares inflation in Poland in relation of two AAA games to CDPR salary increases over the last three years 2020 2021 2022 » ENGAGEMENT: 85% of REDs took part in the voluntary employee inflation* 3.4
Slide 8: Development teams engaged in ongoing projects
Development teams engaged in ongoing projects 31 December 2021 30 June 2022 31 December 2022 28 February 2023 @ Support for Cyberpunk 2077 + next-gen version [™ W3 next-gen version ™ GWENT-related projects ™ SPOKKO ®@ Phantom Liberty - CP expansion M Other projects* M The new Witcher game — Polaris
Slide 9: Phantom Liberty marketing campaign starts this June
SER PINK, PHANTOM L!5crTY MARKETING CAMPAIGN STARTS THIS JUNE
Slide 10: Financial Results of CD PROJEKT Group
FINANCIAL _ RESULTS of CD PROJEKT GROUP
Slide 11: CD PROJEKT GROUP — Profit and loss account
CD PROJEKT GROUP — Profit and loss account CD PROJEKT GROUP RED GOG 2022 2022 2021 2022 2022 2022 eliminations _ vs. 2021 [PLN] vs. 2021 [%] Sales revenue 888 172 952 576 780 309 188 579 ~16 312 64.404 7% Sales of products 691564 767 499 761518 to) 5981 75 935 1% Sales of services 5 865 1960 3044 27
Slide 12: CD PROJEKT GROUP - assets
CD PROJEKT GROUP - assets Assets 31.12.2021 31.12.2022 change change % Non-current assets 905 846 1119 978 214 132 24% Expenditure on development projects 350 195 473 202 123 007 35% — new development during 2022 262 236 — costs recognized during 2022 -139 229 Other financial assets * 178 540 207 43
Slide 13: CD PROJEKT GROUP - equity and liabilities
CD PROJEKT GROUP -— equity and liabilities Equity and liabilities 3112.2021 31412.2022 change change % Equity 1894 356 2 033 404 139 048 7% Liabilities 264 379 240 720 -23 659 -9% Liabilities 137 610 115 560 -22 050 -16% Deferred income 37972 26094 -11878 -31% Provisions 88 797 99 066 10 269 12% — b
Slide 14: CD PROJEKT RED Product research, development & service costs
CD PROJEKT RED Product research, development & service costs 100 000 75 000 50 000 : a a a; Q12021 Q2 2021 Q3 2021 Q4 2021 Q12022 Q2 2022 Q3 2022 Q4 2022 IB Service costs - released products (P&L — Selling costs) ll Research phase costs — new projects (P&L — G&A costs) @ W3NG - one time outsourcing
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Slide 16: Thank you
THANK YOU ir@cdprojekt.com karolina.gnas@cdprojekt.com
Slide 17: Legal Disclaimer
Legal Disclaimer This presentation was created by CD PROJEKT S.A. (“CD PROJEKT”), Data contained in this presentation is valid as of the day of its preparation. Consequently, this presentation will not be subject to changes, updates or modifications to account for events which might occur after this