Gdev Inc. · NASDAQ:GDEV
Gdev — Investor Presentation (October 2023)
18 slides from Gdev's investor presentation, October 2023
Slide 1: Investor Presentation October 2023
INVESTOR PRESENTATION October 2023
Slide 2: Disclaimer
Disclaimer Forward-looking statements Certain statements in this presentation may constitute “forward-looking statements” for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer
Slide 3: Key operating metrics used in the presentation
Key operating metrics used in the presentation In this presentation, we use a number of key operating and non-IFRS financial metrics which we believe accurately, in material aspects, reflect the principal parameters of our historic and projected performance. For further information, regarding our op
Slide 4: GDEV is a gaming and entertainment powerhouse
GDEV is a gaming and entertainment powerhouse Family of six game studios Games portfolio of both established and Strong results in 20222 promising franchises in popular genres Revenue, $m Adj. EBITDA, $m Blockbuster mid-core #1 +84% >100% multi-platform RPG 480 grossing 98 genre1 Farming simulation
Slide 5: Consolidated studios
Consolidated studios Diversified studio portfolio Multi-platform flagship game studio created Long-standing mobile games studio operating In-house R&D studio currently working on multi- hugely successful blockbuster RPG Hero Wars flagship title – popular mobile shooter Pixel Gun 3D platform game pro
Slide 6: Building great games franchises – key titles
Building great games franchises – key titles by by by Blockbuster mid-core Farming simulation Pixel style mobile first- multi-platform RPG game with puzzles person shooter Allows players to fight epic Fresh and unique gameplay through Thrilling array of game modes, multiplayer PvP battles, collect h
Slide 7: GDEV focuses on growth of its diversified franchises and studios portfolio
GDEV focuses on growth of its diversified franchises and studios portfolio Consolidated studios Product Franchises • Expertise both in casual and core • Cultivating titles from small to big - genres built-up billion $ game franchise Hero • Ability to engage/ monetize players for Wars many years • Co
Slide 8: Key financial and operating highlights
Key financial and operating highlights $m $m $m Revenue Total comprehensive Income/ Adjusted EBITDA Loss +84% >100% >100% 480 11 98 434 261 -1 1 8 -117 2020 2021 2022 2020 2021 2022 2020 2021 2022 $m ‘000 users $/month Bookings Monthly Paying Users (1) Average Bookings Per Paying User (2) +1% +18% -
Slide 9: Founder led, backed by diverse Board
Founder led, backed by diverse Board Board of Directors Board of Directors Outlook Diverse BoD strenghthens GDEV’s corporate governance 9 Source: Company information (FY 2022)
Slide 10: Our sustainability strategy
Our sustainability strategy Our Sustainability Strategy outlines three Commitment to become pathways that reflect the carbon neutral by 2030 varying levels of impact that GDEV has on Plan to implement emission different stakeholders: compensation practice our employees, local, and the wider global W
Slide 11: GDEV in a nutshell
GDEV in a nutshell On mobile market Founder led, backed by Diversified studio Built great game since its inception diverse Board portfolio franchise Making games Strong leadership and Covering various genres, Created billion $ game since 2010 corporate governance player types and platforms franchise
Slide 12: Appendix
GDEU Appendix
Slide 13: On mobile market since its inception
On mobile market since its inception Indicative revenue dynamic #3 mobile game developer globally Launch of the first Launched Hero Wars Bukhman brothers Breakthrough thanks Significant growth IPO on Nasdaq Record high annual two titles in social on social (founders of Playrix) to succ
Slide 14: Global gaming market overview
Global gaming market overview Global games market forecast, $bn 2022 global players split by geo, % PC/ Desktop Console Mobile +13% Latin America North America 7% 206 10% 193 183 179 21% Europe 21% 21% 13% 28% 2022 total 30% 29% 3.2bn 15% 55% 49% 51% 50% Asia-Pacific Middle East & Africa 2020 2021 2
Slide 15: Balance Sheet
Balance Sheet ($ in thousands) Assets Dec 31, 2022 Jun 30, 2023 Non-current assets Property and equipment 786 863 Intangible assets 12,977 10,763 Goodwill 1,836 1,836 Long-term deferred platform commission fees 94,682 83,197 Right-of-use assets 1,462 1,489 Deferred tax asset 108 59 Other non-current
Slide 16: Profit and Loss Statement
Profit and Loss Statement ($ in thousands) Q2 2023 Q2 2022 H1 2023 H1 2022 Revenue 114,864 126,709 234,139 252,780 Costs and expenses, excluding depreciation and amortization Cost of revenue: Platform commissions (27,473) (35,388) (56,428) (68,839) Game operation cost (13,218) (11,230) (26,785) (20,
Slide 17: Cash Flow Statement
Cash Flow Statement ($ in thousands) Q2 2023 Q2 2022 H1 2023 H1 2022 Operating activities Profit/(loss) for the period, net of tax 19,519 29,327 11,343 52,738 Adjustments for: Depreciation and amortization 1,496 2,150 2,903 3,617 Share-based payments expense 496 964 1,044 2,029 Income from share opt
Slide 18: Reconciliation of the net income/loss to the Adjusted EBITDA
Reconciliation of the net income/loss to the Adjusted EBITDA (US$ million) Q2 2023 Q2 2022 H1 2023 H1 2022 Total comprehensive income/(loss) for the year, net of tax 21 33 12 56 Add back: Items that are or may be reclassified subsequently to profit or loss (1) (3) (1) (3) Tax expense 0.3 1 1 2 Finan