Slide 1: CD PROJEKT GROUP Q1 2024 Earnings
CD PROJEKT GROUP Q1 2024 Earnings 28 MAY 2024 Michał Nowakowski | J O I N T C H I E F E X E C U T I V E O F F I C E R , M E M B E R O F T H E B O A R D Piotr Nielubowicz | C H I E F F I N A N C I A L O F F I C E R , M E M B E R O F T H E B O A R D Adam Kiciński | C H I E F S T R A T E G Y O F F I C
Slide 2: Overwhelmingly Positive
OVERWHELMINGLY POSITIVE 95% positive reviews achieved on May 10th* *from the last 30 days before May 10th 2
Slide 3: Share of monthly positive reviews for Cyberpunk 2077
Share of monthly positive reviews for Cyberpunk 2077 100% 95% 90% 78% 80% 70% 60% 50% XII I II III IV V VI VII VIII IX X XI XII I II III* IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV V 2020 2021 2022 2023 2024 *review bombing linked to the war in Ukraine Source: Ste
Slide 4: Evolving Game
WY BAFTA GAMES AWARDS <ylrr pn EVOLVING GAME ¥%
Slide 5: Free Trial
ME FREE TRIAL (6) 6) 6) S HOURS AVAILABLE NO OF PLAYTIME FOR FREE SUBSCRIPTION REQUIRED ePss (@) XBOX SERIES X'S
Slide 6: The Witcher
THE § ee WITCRER a Dt RED KIT
Slide 7: Development teams engaged in ongoing projects
Development teams engaged in ongoing projects No. of developers February 29, 2024 17 403 47 37 20 95 8 627 April 30, 2024 407 56 39 20 96 12 630 Cyberpunk 2077 Polaris Orion Sirius Hadar Shared Services* Other projects *General Development Services (e.g. Localization, Quality Assurance), Data, Insig
Slide 8: Financial Results
Financial Results OF THE CD PROJEKT GROUP 8
Slide 9: CD PROJEKT GROUP — Profit and loss account
CD PROJEKT GROUP — Profit and loss account CD PROJEKT GROUP RED GOG eliminations Q1 2024 vs. Q1 2024 vs. Q1 2023 Q1 2024 Q1 2024 Q1 2024 Q1 2024 Q1 2023 [PLN] Q1 2023 [%] Sales revenue 174 757 226 785 187 238 44 234 -4 687 52 028 30% Sales of products and services 131 023 186 219 184 341 102 1 776 55
Slide 10: CD PROJEKT GROUP – assets
CD PROJEKT GROUP – assets Assets 31.12.2023 31.03.2024 change change % Non-current assets 1 450 685 1 471 688 21 003 1% Expenditure on development projects 527 182 555 264 28 082 5% – New development during Q1 2024 54 535 – Depreciation during Q1 2024 -26 453 Other financial assets * 455 907 417 019
Slide 11: CD PROJEKT GROUP – equity and liabilities
CD PROJEKT GROUP – equity and liabilities Equity and liabilities 31.12.2023 31.03.2024 change change % Equity 2 403 223 2 507 085 103 862 4% Liabilities 210 277 216 134 5 857 3% Liabilities 103 914 95 871 -8 043 -8% Deferred income 15 485 15 031 -454 -3% Provisions 90 878 105 232 14 354 16% Total li
Slide 12: CD PROJEKT RED research, development and maintenance costs
CD PROJEKT RED Research, development & product maintenance costs 100 000 75 000 50 000 25 000 0 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 Cost of product maintenance - released products (P&L - Selling costs) Research works costs - new projects (P&L - G&A costs) Development expenditures - new products
Slide 13: Changes in cash, deposits & bonds
CD PROJEKT GROUP Changes in cash, deposits & bonds 1 600 000 88 884 -50 303 1 500 000 -13 481 -18 442 29 950 100 062 1 400 000 1 446 129 1 300 000 1 309 459 Total increase in cash, deposits and bonds during Q1 2024: 136 670 1 200 000 Cash, deposits and Net profit Depreciation and Change in Expenditur
Slide 14: Changes in cash, deposits & bonds
CD PROJEKT GROUP Changes in cash, deposits & bonds 1 500 000 +55% +515m PLN 1 000 000 1 446 129 1 309 459 500 000 1 014 652 930 657 0 30.06.2023 30.09.2023 31.12.2023 31.03.2024 14 All figures in PLN thousands
Slide 15: Q&A
Q&A 15
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