Ubisoft Entertainment · EURONEXT:UBI
Ubisoft Entertainment — Shareholder Meeting (September 2016)
29 slides from Ubisoft Entertainment's shareholder meeting presentation, Sep 29, 2016
Slide 1: Annual General Meeting Roadshow
ANNUAL GENERAL MEETING ROADSHOW 29th September, 2016
Slide 2: Didier Crespel
Didier CRESPEL Ubisoft Board of Directors: Lead Independent Director Audit Committee Chairperson Nomination Committee member Didier Crespel has over 30 years experience as a senior financial manager and entrepreneur. He is the President of Crespel & Associates, a consulting firm he founded in 2013 t
Slide 3: Agenda
AGENDA 1. 20 YEARS OF SIGNIFICANT SHAREHOLDERS VALUE CREATION 2. UBISOFT’S BOARD EVOLUTION 3. RESOLUTIONS 3
Slide 4: Significant value creation over the long-run
SIGNIFICANT VALUE CREATION OVER THE LONG-RUN TOTAL SHAREHOLDER RETURN SINCE IPO (rebased to 100, includes dividends) 20-year 5-year 3-year 2-year 1-year (since IPO) UBISOFT +1,744% +617% +203% +178% +109% NASDAQ +337% * +117% +50% +17% +10% CAC40 Net Return +239% +60% +19% +6% (3%) Euro Stoxx Media
Slide 5: FY19: Significant value creation potential ahead
FY19: SIGNIFICANT VALUE CREATION POTENTIAL AHEAD REVENUES: 2.2BN€ FY19 NON-IFRS OPERATING INCOME MARGIN: 20% FREE CASH FLOW: ~300M€ 5
Slide 6: FY19: A strategy that delivers – 2 key drivers
FY19: A STRATEGY THAT DELIVERS – 2 KEY DRIVERS STRENGTHEN STABLE OF FRANCHISES X 3 AUDIENCE OF X 2 AUDIENCE OF Sources: NPD, GFK Chart Track, Internal estimates Data not available for Overwatch 6
Slide 7: FY19: A strategy that delivers – 2 key drivers
FY19: A STRATEGY THAT DELIVERS – 2 KEY DRIVERS DEVELOP MULTIPLAYER GAMES DRIVE ENGAGEMENT HIGHER GROW HIGH MARGIN DIGITAL REVENUES GREAT IMPACT ON ENGAGEMENT & MONETIZATION 7
Slide 8: Agenda
AGENDA 1. 20 YEARS OF SIGNIFICANT SHAREHOLDERS VALUE CREATION 2. UBISOFT’S BOARD EVOLUTION 3. RESOLUTIONS 8
Slide 9: The Board: Composition
THE BOARD: COMPOSITION Yves Guillemot Didier Crespel Chairman & Claude Guillemot Independent Chief Executive Officer Deputy Managing President of Crespel & Associates Lead independent Director Director Audit Committee Chairperson Nomination Committee member Michel Guillemot Deputy Managing Pascale M
Slide 10: The Board: Attendance
THE BOARD: ATTENDANCE HOW OFTEN DO COMMITTEES/BOARD MEET Compensation Audit Nomination Board Committee Committee Committee FY2014 13 3 1 not created yet (implemented 20/11/13) FY2015 9 5 4 1 (implemented 5/02/13) FY2016 12 6 4 3 ATTENDANCE Committees Compensation Audit Nomination Committee Committee
Slide 11: The Board: Founders with vital sectoral expertise
THE BOARD: FOUNDERS WITH VITAL SECTORAL EXPERTISE 5 x 30 YEARS OF KNOWLEDGE OF THE VIDEOGAME INDUSTRY They have built: Top 5 worldwide videogame publisher x18 share price in 20 years A unique DNA centered around IP (Intellectual Property) ownership Strong focus on costs and efficiency : 2/3
Slide 12: The Board: Accelerating independence
THE BOARD: ACCELERATING INDEPENDENCE GROWING FREE FLOAT GOVERNANCE GROWING INTERNATIONAL SHAREHOLDER BASE EVOLUTION 2006: 1st INDEPENDENT BOARD MEMBER (non-renewed in 2012) 2012: + 2013: 2016: 2 NEW: Florence NAVINER Frédérique DAME CFO Wrigley, Mars Group Silicon Valley Business angel, prev. Uber e
Slide 13: The Board: Accelerating independence
THE BOARD: ACCELERATING INDEPENDENCE CREATION OF THE LEAD INDEPENDENT DIRECTOR ROLE COMMITTEES FULL INDEPENDENCE AUDIT COMPENSATION NOMINATION COMMITTEE COMMITTEE COMMITTEE Mapping of all risks Positioned Top management Management of the full (requested by independent remuneration in line with Say r
Slide 14: Agenda
AGENDA 1. 20 YEARS OF SIGNIFICANT SHAREHOLDERS VALUE CREATION 2. UBISOFT’S BOARD EVOLUTION 3. RESOLUTIONS 14
Slide 15: Resolutions (1/3)
RESOLUTIONS (1/3) 5th to 9th resolutions / Say on Pay Performance criteria disclosed ex-post 10th and 11th / Reelection Yves Guillemot & Gérard Guillemot 12th and 13rd / Election of new female independent directors 19th to 21st / Share capital increase for employee share ownership Max. 1% dilution a
Slide 16: Resolutions (2/3)
RESOLUTIONS (2/3) 22nd / Free shares allocation for employees, executive board, top management 1.8% allocated – 0.2% for executive board and top management with share price condition In addition, average 3 years EBIT perf. for executive board Detailed disclosure ex-post 3 years performance condition
Slide 17: Resolutions (3/3)
RESOLUTIONS (3/3) Resolution(s) to be presented potentially during the AGM Issue for vote (mandate – proxy to President – abstention) 17
Slide 18: Appendices
APPENDICES UBISOFT
Slide 19: Yves Guillemot
Yves GUILLEMOT Co-Founder, Chairman and CEO, Ubisoft Fresh out of business school, Yves Guillemot and his brothers embarked on an adventure in the nascent video game industry and founded Ubisoft in 1986. Early on, Yves understood that creating original content in-house and growing proprietary brands
Slide 20: Christian Guillemot
Christian GUILLEMOT Ubisoft Board of Directors: Director Executive Vice President, Administration Christian Guillemot is the President and CEO of Advanced Mobile Applications (AMA). Christian co-founded AMA in 2004, which has grown to become a leading developer and publisher of lifestyle games and a
Slide 21: Claude Guillemot
Claude GUILLEMOT Ubisoft Board of Directors: Director Executive Vice President, Operations Claude Guillemot is the President and CEO of Guillemot Corporation, which specializes in devices and accessories for PC, mobile and consoles. Since 1997, Claude led Guillemot Corporation’s expansion with R&D c
Slide 22: Gérard Guillemot
Gérard GUILLEMOT Ubisoft Board of Directors: Director Executive Vice President, Publishing Gérard Guillemot is the President and CEO of Longtail Studios, which he founded in 2003. Longtail Studios develops console games for a family-oriented audience. In 2000, Gérard founded the game developer Gamel
Slide 23: Michel Guillemot
Michel GUILLEMOT Ubisoft Board of Directors: Director Executive Vice President, Development Strategy and Finance Michel Guillemot was CEO of Gameloft, a company focused on game development for mobile, smart TV and social networks. Under his management from 2001 to 2016, Gameloft saw extensive growth
Slide 24: Laurence Hubert-Moy
Laurence HUBERT-MOY Independent Director Nomination Committee Chairperson Audit and Compensation Committees member Laurence Hubert-Moy is a Professor and the Co-Director of the Spatial Sciences Observatory for the University of Rennes. Since 2013, she has been President of the prestigious TOSCA Comm
Slide 25: Pascale Mounier
Pascale MOUNIER Independent Director Pascale Mounier has over 30 years of experience in senior management and currently practices on all continents, with both France and Canada as home base. She is the President of Newton-ca, a consulting firm she founded in 2010 that specializes in accompanying mul
Slide 26: Estelle Métayer
Estelle MÉTAYER Ubisoft Board of Directors: Independent Director Compensation Committee Chairperson Mrs. Métayer is an adjunct professor at McGill University and is the president of EM Strategy Inc. Her consulting firm specializes in supporting Boards and CEOs in transforming and growing businesses
Slide 27: Frédérique Dame
Frédérique DAME Independent Director At Ubisoft, Frédérique Dame can draw upon her 15 years of experience at some of the world’s most innovative and cutting-edge companies, such as Uber, which she joined in its very beginnings. Today, Frédérique Dame is an angel investor in Silicon Valley. Throughou
Slide 28: Florence Naviner
Florence NAVINER Independent Director Florence Naviner is currently Chief Financial Officer and Senior Vice President of Wrigley, a multinational company and subsidiary of Mars, Incorporated. Florence Naviner joined Mars in 1992 and brings to Ubisoft more than 30 years of experience in different fin
Slide 29: Disclaimer
D I S C L A I M E R This statement may contain estimated financial data, information on future projects and transactions and future business results/performance. Such forward-looking data are provided for estimation purposes only. They are subject to market risks and uncertainties and may vary signi
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