Artifex Mundi Sa · GPW:ART
Artifex Mundi Sa — 9M 2023 Earnings Presentation
21 slides from Artifex Mundi Sa's earnings presentation, Nov 21, 2023
Slide 1: Investor presentation
Investor presentation Warsaw, 21 November 2023
Slide 2: Introduction
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 3: Basic information about Artifex Mundi
Basic information about Artifex Mundi Company profile: Selected market information: ▪ Video game developer and publisher ISIN PLARTFX00011 Number of shares 11,897,000 ▪ 16 years of experience in the video game market Capitalization(2) PLN 205 million ▪ 98 staff members Price/earnings(2) 11.1 ▪ 2 stu
Slide 4: Key events of 2023
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 5: 9 months of 2023 recapped
9 months of 2023 RECORD-BREAKING FINANCIAL RESULTS recapped 170% in the revenues from the F2P segment in 9 months of 2023, which compensated the lower sales of premium games (HOPA). 59.1 PLN mln UNSOLVED’S GROWING POTENTIAL REVENUES, +100% YOY An improvement of Unsolved’s KPIs, allowing for an incre
Slide 6: F2P segment
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 7: Free-to-play within 9 months of 2023
Free-to-play within 9 months of 2023 Segment revenues by game Sales results (PLN mln) Σ 51,2 ▪ An increase in the segment’s revenues of 170% in Q1-Q3 of 2023, up to PLN 51.2 million Σ 19,0 50,1 16,3 ▪ An increase of 215% in user acquisition costs, up to PLN 31.2 million 2,7 1,2 9 months of 2022 9 mo
Slide 8: The commercialization of Unsolved
The commercialization of Unsolved Unsolved. Monthly revenues and user acquisition costs 7,1 7,1 (PLN mln) 6,8 6,0 5,6 5,3 5,1 3,9 3,3 2,0 2,1 4,6 4,5 1,9 1,9 1,9 1,9 1,8 1,7 1,7 1,7 1,7 1,8 4,0 3,8 3,4 3,2 3,1 2,2 2,4 1,5 1,3 1,3 1,1 1,1 0,9 1,1 1,1 0,9 0,8 0,8 0,6 Jan-22 Feb-22 Mar-22 Apr-22 May-22
Slide 9: Unsolved in 2023
Unsolved in 2023 Key events Unsolved’s revenues – structure (PLN mln) Σ 21.0 ▪ Expanding the available content to 35 adventures; 5,0 Σ 16.8 ▪ New mechanics and features, balance changes resulting in a significant LTV increase, which allows for a 4,1 multiplication of UA expenditures; Σ 12.3 7,6 ▪ Th
Slide 10: Unsolved – a 3D growth vision
Unsolved – a 3D growth vision ▪ Length – more content ▪ Expanding content so that players can enjoy it longer. ▪ Width – more players KPI ▪ Searching for new UA channels; ▪ Testing the profitability of the development of Unsolved on other platforms. ▪ Height – KPI improvement ▪ New features/mechanic
Slide 11: Unsolved – plans and prospects
Unsolved – plans and prospects 2023 ▪ The simultaneous development and implementation of smaller modifications, intended for a quick payoff, and working on a game version with a complex metagame; ▪ The end of the year – an expected increase in YoY expenditures, with a probable seasonal MoM decrease.
Slide 12: A new RPG
A new RPG Key information ▪ A title aspiring to be a mobile AAA game; a fresh take on a popular mobile RPG subgenre; ▪ Completed pre-production stage of the game, resulting in a vertical slice; ▪ 2nd qtr. of 2023 – tests with players (technical soft launch) meant to verify the key project assumption
Slide 13: HOPA segment
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 14: HOPA within 9 months of 2023
HOPA within 9 months of 2023 Recap Segment sales by platform (PLN mln) ▪ Lower sales are a result of the life cycle of the games that are Σ 10,3 available for purchase and the lack of new releases. ▪ Further expansion of games from Artifex Mundi’s portfolio Σ 7,7 available to console users: 4,5 3,5
Slide 15: Financial results in 9 months of 2023
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 16: Selected financial data
Selected financial data Financial results PLN thousands 3rd qtr. of 2023 3rd qtr. of 2022 Change 9 months of 2023 9 months of 2022 Change 1 Sales revenues: 23,611 8,877 166% 59,147 29,647 100% A steady increase in revenues Free-to-play 21,256 6,048 251% 51,235 18,987 170% 1 from the free-to-play seg
Slide 17: Selected financial data
Selected financial data Adjusted EBITDA (PLN mln) 7,8 6,7 5,9 5,6 5,6 5,7 EBITDA and finances 5,0 4,5 4,2 4,0 3,4 ▪ A steadily improving financial situation that satisfies the company’s expenditure 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 qt
Slide 18: Plans and prospects
Introduction Key events of 2023 F2P segment HOPA segment Financial results in 9 months of 2023 Plans and prospects
Slide 19: Sales in October 2023
Sales in October 2023 Sales revenues (PLN mln) Sales results 8,0 8,2 ▪ An increase of 148% in the company’s revenues, up to PLN 8.2 million 3,3 ▪ An increase of 254% in the revenues from the commercialization of Unsolved, up to PLN 7.3 million ▪ An increase of 261% in user acquisition costs, up to P
Slide 20: Prospects for the next quarters
Prospects for the next quarters An expected further dynamic increase in Unsolved’s revenues which more than Artifex Mundi’s revenues compensates for the lower profits from the sales of the HOPA game segment. An increase in expenditures on Unsolved. Game production expenditures RPG segment investment
Slide 21: Artifex Mundi S.A. Contact info for investors
Artifex Mundi S.A. ul. Wolności 262 41-800 Zabrze ir@artifexmundi.com Contact info for investors: Błażej Dowgielski b.dowgielski@makmedia.pl phone no.: +48 692 823 744 www.artifexmundi.com