Slide 1: FY20 Earnings
a FY20 EARNINGS May'14, 2020.
Slide 2: Disclaimer
DISCLAIMER Yves Guillemot, Chairman and Chief Executive Officer Frédérick Duguet, Chief Financial Officer D I S C L A I M E R This slide show may contain estimated financial data, information on future projects and transactions and future financial results/performance. Such forward-looking data are
Slide 3: Agenda
AGENDA FY20 PERFORMANCE F Y 2 1 TA R G E T S 3 © Leo Sang @leopardsang
Slide 4: Enrich Players' Lives
ENRICH PLAYERS’ LIVES UBISOFT’S MISSION MORE IMPORTANT THAN EVER "Alongside its action-packed fictional story line, Assassin’s Creed: Odyssey includes a robust education mode and a research-based recreation of ancient Greece. Péloquin’s students will play individually in the coming weeks from their
Slide 5: Q4 FY20 Highlights: Strong Execution
Q4 FY20 HIGHLIGHTS: STRONG EXECUTION Better-than-anticipated Q4 ▪ 2/3 of 55M€ outperformance achieved before mid- March & 60% from PRI ▪ R6 Siege, record engagement in January, February & March +26% rise in PRI ▪ AC Odyssey, past 12 months sell-thru, daily player engagement & PRI, up 90%, 90% & 170%
Slide 6: Depth & Strength of Portfolio
DEPTH & STRENGTH OF PORTFOLIO 6 franchises & 11 TITLES have sold 10 MILLION+ UNITS this console cycle 6
Slide 7: FY20 Pro Forma Performance
FY20 PRO FORMA PERFORMANCE Q4 Net Bookings: 388 M€ pro forma vs target of 333 M€ FY Net Bookings: 1 505 M€ pro forma vs target of 1 450 M€ Presentation of impact of mobile reclassification on net bookings and gross margin FY20 – As reported FY20 – Pro forma Q4 – As reported Q4 – Pro forma NET BOOKIN
Slide 8: FY20: Non-IFRS P&L
FY20: NON-IFRS P&L in € millions, except for per share data FY 2019-20 FY 2018-19 % % IFRS15 Sales 1 594,8 1 845,5 Deferred revenue related to IFRS15 standard (60,8) 183,1 Net bookings 1 534,0 2 028,6 Gross profit based on net bookings 1 280,9 83,5 1 699,7 83,8 Non-IFRS R&D expenses (680,9) (44,4) (
Slide 9: FY20: R&D
FY20: R&D In € millions FY 2019-20 FY 2018-19 Depreciation of in-house software-related production 410,7 466,7 Depreciation of external software-related production and licenses 11,8 20,0 Royalties 23,5 16,2 Non Capitalized R&D & others* 234,8 197,4 Total R&D P&L 680,9 700,4 Capitalized in-house soft
Slide 10: FY20: IFRS / Non-IFRS Reconciliation
FY20: IFRS / NON-IFRS RECONCILIATION In € millions FY 2019-20 FY 2018-19 except for per share data IFRS Adjustment Non IFRS IFRS Adjustment Non IFRS IFRS15 Sales 1 594,8 1 594,8 1 845,5 1 845,5 Deferred revenue related to IFRS15 standard -60,8 -60,8 183,1 183,1 Net bookings 1 534,0 2 028,6 Total Ope
Slide 11: FY20: Cash Flows & Closing Cash Position
FY20: CASH FLOWS & CLOSING CASH POSITION In € millions FY 2019-20 FY 2018-19 Opening cash position (293,8) (548,1) Cash flows from operation (169,9) 300,0 Change in WCR 83,4 84,7 Cash flows from operating activities (86,4) 384,7 Net investment in capital assets (104,7) (74,4) Net free cash flow (191
Slide 12: Solid Financial Position
SOLID FINANCIAL POSITION 31st MARCH 2020 Equity Stronger Equity: 1.3 billion € vs 0.9 billion € Non-IFRS net debt Net debt (non-IFRS) down to 101 M€ vs 293 M€ 1.3 billion € of nearly untapped long term debt • Bond: 500 M€ (due Jan 2023) • Convertible Bond: 500 M€ (due Sept 2024) Long term financing
Slide 13: Agenda
AGENDA FY20 PERFORMANCE F Y 2 1 TA R G E T S 13
Slide 14: FY21: Targets
FY21: TARGETS FY21 NET BOOKINGS: 2,350*- 2,650* M€ NON-IFRS OPERATING INCOME: between 400M€ and 600 M€ *including 50M of new mobile reclassification 600M€ 400M€ Most ambitious line up of industry Stronger than expected back catalog FY21e Strong growth for digital, PRI incl. Mobile Record reveal of A
Slide 15: The Most Ambitious Line-up of the Industry
THE MOST AMBITIOUS LINE-UP OF THE INDUSTRY 1 OTHER UNANNOUNCED AAA TITLE COMING FROM OUR BIGGEST FRANCHISES OTHER TITLES WITH DEEP SOCIAL LAYERS 15
Slide 16: AC Valhalla, New Records for Ubisoft Game Announcement
AC VALHALLA, NEW RECORDS FOR UBISOFT GAME ANNOUNCEMENT 100 million views of 200 million cumulated trailer in 10 days views of official & UGC videos since reveal The most viewed trailer in Ubisoft history Top of trending topics list on Twitter for several days in many countries Meaningful spike in pl