Cd Projekt S.a. · GPW:CDR

Cd Projekt — H1 2017 Earnings Presentation

28 slides from Cd Projekt's earnings presentation, 2017

  1. Slide 1: CD PROJEKT Group First Half of 2017

    CD PROJEKT GROUP FIRST HALF OF 2017 ADAM KICIŃSKI President, Joint CEO PIOTR NIELUBOWICZ Member of the Board, CFO

  2. Slide 2: Anniversary of The Witcher Game Series

    afi.. ANNIVERSARY OF THE WITCHER GAME SERIES WITCHERZ = WITCHER SS a a | GuienT THE WITCHER CARD GAME

  3. Slide 3: The Witcher 4K Edition

    WITCHER ey aun 4K EDITION Psa (@) XBOX ONE X

  4. Slide 4: Key Events of H1 2017

    KEY EVENTS OF H1 2017

  5. Slide 5: 101 million PLN dividend

    Se hs La 101 million PLN dividend

  6. Slide 6: GOG Galaxy 1.2

    BE] GALAXY | 1.2

  7. Slide 7: Challenger Gwent Tournament

    CHALLENGER wate WiTcHER CARD Ee CARD GAME TOURNAMENT

  8. Slide 8: CD PROJEKT subsidiary in China

    CD PROJEKT subsidiary in China

  9. Slide 9: Slide 9

  10. Slide 10: 29 August - Chinese Beta

    29 AUGUST - CHINESE BETA

  11. Slide 11: Financial Results

    FINANCIAL RESULTS

  12. Slide 12: CD PROJEKT Group - Financial Results

    CD PROJEKT GROUP - FINANCIAL RESULTS 2015 H1 2015 H2 2016 H1 2016 H2 2017 H1 The Witcher 3 Hearts of Stone Blood and Wine Sales revenues 512 697 285 317 318 996 264 907 254 824 Selling costs 132 757 77 864 74 936 39 021 38 086 Gross sales profit 379 940 207 453 244 060 225 886 216 738 Operating cost

  13. Slide 13: CD PROJEKT Group - Assets and Liabilities

    CD PROJEKT GROUP - ASSETS AND LIABILITIES 31.12.2016 30.06.2017 change change (%) Fixed assets 170 644 209 672 39 028 23% Expenditures on development projects 62 011 96 967 34 956 56% Other fixed assets 108 633 112 705 4 072 4% Working assets 704 316 692 324 -11 992 -2% Trade receivables 71 554 78 1

  14. Slide 14: CD PROJEKT Group - Cash Flows

    CD PROJEKT GROUP - CASH FLOWS 2016 H1 2017 H1 Net profit 134 682 118 649 Total adjustments: 5 486 5 248 Cash flows from operating activities 140 168 123 897 Expenditures on development projects -28 826 -33 412 Bank deposits (3m+) held to maturity 304 908 379 835 Bank deposits (3m+) created -185 200

  15. Slide 15: CD PROJEKT Group - Cash Flows

    CD PROJEKT GROUP - CASH FLOWS 600 000 - 33 412 - 100 926 + 119 850 450 000 300 000 597 204 582 716 150 000 0 31.12.2016 Expenditures on dev. projects Dividend paid out Other cash flows 30.06.2017 Cash and bank deposits videogame development Cash and bank deposits PLN thousands

  16. Slide 16: CD PROJEKT RED - Financial Results

    CD PROJEKT RED - FINANCIAL RESULTS 2016 H1 2017 H1 Sales revenues 266 496 184 835 Selling costs 42 970 3 831 Gross sales profit 223 526 181 004 Operating costs 66 699 51 957 EBIT 156 827 129 047 Financial revenues less expenses 4 606 2 821 Income tax 32 054 25 787 Net profit 129 379 106 081 Net prof

  17. Slide 17: GOG.com - Financial Results

    GOG.COM - FINANCIAL RESULTS 2016 H1 2017 H1 Sales revenues 69 259 96 164 Selling costs 47 891 59 071 Gross sales profits 21 368 37 093 Operating costs 15 077 22 893 EBIT 6 291 14 200 Financial revenues less expenses -208 203 Income tax 780 1 835 Net profit 5 303 12 568 Net profitability 8% 13% PLN t

  18. Slide 18: GOG.com - Sales Revenues

    GOG.COM - SALES REVENUES 90 000 CD PROJEKT RED products Other publishers 67 500 45 000 22 500 0 2011 H1 2011 H2 2012 H1 2012 H2 2013 H1 2013 H2 2014 H1 2014 H2 2015 H1 2015 H2 2016 H1 2016 H2 2017 H1 PLN thousands

  19. Slide 19: GOG Galaxy Active Users

    GOG GALAXY ACTIVE USERS 65% H1 2016 H2 2016 H1 2017 GOG Galaxy ac9ve users

  20. Slide 20: Slide 20

  21. Slide 21: Slide 21

  22. Slide 22: Gwent Masters

    ie ees ie ; Sear ; main / \ / _ MASTERS.PLAYGWENT.COM : 4 _ W/GWENTMasters —s| oe in| one : : oe 5 H — bt

  23. Slide 23: Slide 23

  24. Slide 24: Thronebreaker

    THRONEBREAKER A single player story-driven game, created by the people behind The Witcher 3: Wild Hunt Story fueled by choices and consequences 5 vast and diverse maps to explore Adds 20 new cards for use in multiplayer and way more new cards uniquely tailored for storytelling purposes

  25. Slide 25: Still Just the Beginning

    STILL JUST THE BEGINNING New game mode New cards New faction New leaders Seasonal events

  26. Slide 26: Q&A Session

    Q&A SESSION

  27. Slide 27: Thank You

    THANK YOU IR contact: KAROLINA GNAŚ karolina.gnas@cdprojekt.com

  28. Slide 28: Legal Disclaimer

    LEGAL DISCLAIMER This report includes forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2017 and beyond could differ materially from the CD PROJEKT's current expectations. Forward-looking

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