Take-two Interactive Software, Inc. · NASDAQ:TTWO
Take-two Interactive Software — Shareholder Meeting (August 2017)
13 slides from Take-two Interactive Software's shareholder meeting presentation, Aug 16, 2017
Slide 1: 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 2: Take-Two: Global Leader in Interactive Entertainment
Take-Two: Global Leader in Interactive Entertainment We seek to be the most creative, innovative and 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
Slide 3: Performance Update
Performance Update 4 GAAP net revenue grew 26% to $1.78 billion GAAP digitally-delivered net revenue grew 32% to $922 million Net cash provided by operating activities grew 27% to $331 million As of March 31, 2017, the Company had $1.39 billion in cash and short-term investments Bookings grew 19% to
Slide 4: Strategic Acquisition Diversifies Business and Enhances Mobile Position
Barcelona-based mobile game developer focused on delivering high-quality, deeply-engaging entertainment experiences Social Point’s two most successful games, Dragon City and Monster Legends, have been downloaded more than 180 million times to date on iOS and Android platforms and consistently have c
Slide 5: 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 265 million units, including over 80 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 6: Compensation Program Overview
Compensation Program Overview 7 We have adopted the following: Clawback policy Anti-hedging and anti-pledging policies Double trigger acceleration of vesting on a change in control for grants made under an equity plan Strong stock ownership requirements for ZelnickMedia, other NEOs and directors Ann
Slide 7: Performance-Based Pay Opportunities
Performance-Based Pay Opportunities Highly Performance-Based Compensation Program 8 The performance-based nature of our compensation plan creates a strong link between our executives’ compensation and the Company’s performance The annual bonus opportunity is fully performance-based for all Take-Two
Slide 8: Strategic Use of Equity Aligned with TTWO Achievements and Shareholder Interests
Strategic Use of Equity Aligned with TTWO Achievements and Shareholder Interests 9 Valuable tool to incentivize employees over the long term Equity incentives are used throughout TTWO, beyond the executive level Aligns our employees’ interests with those of shareholders Motivates employees, includin
Slide 9: Uses of Equity Compensation
Uses of Equity Compensation Critical to driving our business, building shareholder value and continued success Aligns interests between creative employees and the Company’s shareholders Almost 2/3 of our employees work in our development studios and have highly specialized technical capabilities to
Slide 10: Independent Board with Strong Governance Profile
Independent Board (except for Chairman/CEO) Active and empowered Lead Independent Director role Annually elected directors Board oversight of risk management No supermajority voting requirements Active shareholder engagement Annual evaluation of the board and its committees Shareholder right to call
Slide 11: We Ask For Your Vote at the 2017 Annual Meeting
We Ask For Your Vote at the 2017 Annual Meeting 12 Item Proposal 1 FOR the election of seven director nominees 2 FOR the Say on Pay advisory vote to approve executive compensation 3 FOR 1-year frequency of the Say on Pay advisory vote 4 FOR approval of the adoption of the 2017 Stock Incentive Plan 5
Slide 12: We Ask For Your Vote at the 2017 Annual Meeting
We Ask For Your Vote at the 2017 Annual Meeting Our Board values your support for its recommendations on each of the following management proposals Item Proposal the election of seven director nominees the Say on Pay advisory vote to approve executive compensation 1-year frequency of the Say on Pay
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