Slide 1: CD PROJEKT Group Q3 2022 Earnings
CD PROJEKT Group Q3 2022 Earnings 28 November 2022 ADAM KICIŃSKI // PRESIDENT, JOINT CEO PIOTR NIELUBOWICZ // MEMBER OF THE BOARD, CFO MICHAŁ NOWAKOWSKI // MEMBER OF THE BOARD, SVP BUSINESS DEVELOPMENT
Slide 2: Launch of the Edgerunners 1.6 Update and Cyberpunk: Edgerunners Anime
LAUNCH OF THE EDGERUNNERS 1.6 UPDATE AND THE CYBERPUNK: EDGERUNNERS ANIME Transmedia synergy well executed RELEASED RELEASED SEPTEMBER 6TH 2022 SEPTEMBER 13TH 2022 2
Slide 3: Edgerunners anime Top 10 and audience scores
NON-ENGLISH TV AND FILMS NON-ENGLISH TV AND FILMS TOP 10 FOR 4 WEEKS TOP 10 SINCE RELEASE FOR 4 CONSECUTIVE WEEKS SINCE RELEASE USER SCORE AVG AUDIENCE SCORE 8.8/10 96% METACRITIC ROTTEN TOMATOES 3
Slide 4: October 2022: Strategy Update – Long-Term Product Outlook
OCTOBER 2022: STRATEGY UPDATE LONG-TERM PRODUCT OUTLOOK 4
Slide 5: Codename: Canis Majoris
CODENAME: CANIS MAJORIS Story-driven, single player open-world RPG – a modern reimagining of 2007’s The Witcher. 5
Slide 6: Coming December 14th 2022
COMING DECEMBER 14TH 2022 6
Slide 7: Development Teams Engaged in Ongoing Projects
DEVELOPMENT TEAMS ENGAGED IN ONGOING PROJECTS 31 December 2021 30 April 2022 31 July 2022 31 October 2022 Support for Cyberpunk 2077 + next-gen version GWENT-related projects SPOKKO Phantom Liberty – CP expansion Other projects* The new Witcher game – Polaris The Molasses Flood project – Sirius W3 n
Slide 8: CD PROJEKT S.A. Extraordinary Shareholder Meeting December 2022
CD PROJEKT S.A EXTRAORDINARY SHAREHOLDER MEETING 20 DECEMBER 2022 8
Slide 9: Q3 2022 Financial Results of the CD PROJEKT Group
Q3 2022 FINANCIAL RESULTS OF THE CD PROJEKT GROUP 9
Slide 10: CD PROJEKT Group — Profit and Loss Account
CD PROJEKT GROUP — PROFIT AND LOSS ACCOUNT CD PROJEKT Group RED GOG Q3 2022 Q3 2021 Q3 2022 Q3 2022 Q3 2022 eliminations VS. Q3 2021 Sales revenue 144 463 245 514 205 157 44 022 -3 665 70% Sales of products 104 262 203 189 201 745 0 1 444 95% Sales of services 420 308 576 68 -336 -27% Sales of goods
Slide 11: Group Revenues — Profit vs. Costs and Expenses
CD PROJEKT GROUP REVENUES — PROFIT VS. COSTS AND EXPENSES 300 000 Net profit Costs & expenses 225 000 150 000 75 000 Q3 2018 Q3 2019 Q3 2020 Q3 2021 Q3 2022 All figures in PLN thousands 11
Slide 12: CD PROJEKT Group – Assets
CD PROJEKT GROUP – ASSETS Assets 30.06.2022 30.09.2022 CHANGE CHANGE % Non-current assets 1 039 127 1 092 237 53 110 5% Expenditure on development projects 434 055 449 468 15 413 4% – new development during Q3 2022 64 859 – costs recognized during Q3 2022 -49 446 Other financial assets * 173 589 197
Slide 13: CD PROJEKT Group – Equity and Liabilities
CD PROJEKT GROUP – EQUITY AND LIABILITIES Equity and liabilities 30.06.2022 30.09.2022 CHANGE CHANGE % Equity 1 903 244 1 998 523 95 279 5% Liabilities 293 422 232 282 -61 140 -21% Liabilities 230 442 148 263 -82 179 -36% Deferred income 23 186 24 767 1 581 7% Provisions 39 794 59 252 19 458 49% – b
Slide 14: RED — Product Research, Development & Service Costs
CD PROJEKT RED — PRODUCT RESEARCH, DEVELOPMENT & SERVICE COSTS 120 000 Service costs – released products (P&L – Selling costs) Research phase costs – new projects (P&L – G&A costs) W3NG – one time outsourcing expenses – new products (Assets – capitalised) CP EDGERUNNERS – one time outsourcing expens
Slide 15: CD PROJEKT Group — Cash Flow
CD PROJEKT GROUP — CASH FLOW 1 600 000 18 037 100 739 51 750 1 325 000 98 704 55 831 12 722 84 026 2 359 1 050 000 Total decrease of cash, deposits and T-bonds during Q3 2022: 82 468 775 000 1 178 190 1 095 722 CASH, DEPOSITS NET PROFIT DEPRECIATION CHANGE IN 2021 DIVIDEND EXPENDITURE CHANGE OF CHAN
Slide 16: Thank You
THANK YOU IR@CDPROJEKT.COM KAROLINA.GNAS@CDPROJEKT.COM 16
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