LY Corporation · TSE:4689
LY — Q3 2023 Earnings Presentation
37 slides from LY's earnings presentation, February 2024
Slide 1: LY Corporation FY2023 Q3 Earnings Presentation
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Slide 2: FY2023 Q3 Results Overview
2023 RS 300-FHs iz ia
Slide 3: Consolidated results highlights
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Slide 4: Net income and profit breakdown
2023 SSO HSHOMAAc ass SSMNROMNEA ) FY2023 Q3 BUFO AS E00 ER Sat 581 1,326 -69.5% Otho VI SRA 13 +5 +67.7% ZOWOBRINE 75 -353 “82.4% wee _ DRC KSRBRR -52 +18 N/A + BIE +12 + LINE MAN +8 SION 467 -948 -67.0% RAPBB 115 +132 N/A DoE NBR 352 1,080 -75.4% SERED 65 +30 +88.6% MEHOMBS( lees SSAA 287 1,111 -7
Slide 5: Group structure and equity-method affiliates
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Slide 6: Global fintech and affiliates KPIs
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Slide 7: Purchase price allocation amortization
FSUOBELS (PPA) ZOZO PayPay aS aS (EBX) (EMA) Au¢s Effie 33(PPA) 5,021f8F 132187 = AN fie (PPA) 51318 518A 2 Bee Wayv7- 3,22018 - 18-25 1--) oral . BERR BRE 1,78718F JHA) (7088S) 513187 518A 10% zorte 14185 - Ae 1. WBFRARECSCORERE 2. FY2Z303 TRAIT
Slide 8: Consolidated balance sheet
2H (185) ae RE - REGS BRA - TOMA D-FBRORNE $MTBRO A MLS aff BRAG - COMA MT BROME BAFTA aa 20235 S33h BEV S FY2023 Q2 86,993 13,873 6,226 6,630 5,452 2,320 12,648 52,943 13,312 15,774 18,604 34,050 FY2023 Q3 89,837 15,257 6,892 7,606 6176 2,314 12,575 55,555 15,357 16,520 19,286 34,281 =a
Slide 9: Cash flow
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Slide 10: 10,000 3.00 8,000 2.50 2.00 6,000 1.50 4,000 1.00 2,000 0.50 0 0.00
10,000 3.00 8,000 2.50 2.00 6,000 1.50 4,000 1.00 2,000 0.50 0 0.00
Slide 11: Service overview by segment
2H REY ICAAY -ORE SHCBBRORRII-ZSbOv. 2023FBO3SKLOYIRIAY Le ES ~FY2023 Q2 FY2023 Q3~ LINES FAATUABES PRIYEBS BRBS - ZOLINERS PROVE _ BS XF47 BRBS FAARFUABS . By VI-BSE = F4AZFUABS GER2) eM TS 12IL4 BABES FHRLS (SB) Be xs ZOHOLINERS Zot [LINERS YZ). [LINE GAME] . [LINE MUSIC! . TLINEAS YF]. TLINE GAME
Slide 12: Media segment
AF APB
Slide 13: P/L: Media segment
SMER(P/L) : AF 4 PBR =) (GBP) FY2022 Q3123 FY2023 Q3123 FEMS 178,938 182,256 +1.9% Ins k 138,035 143,024 +3.6% BRS 48,786 48,362 -0.9% POOY bikes 22,898 27,854 +21.6% FA ZILA 66,350 66,807 +0.7% Zot (NF 4 HI) | TYIRX/ FID | D=1=4-YayB) 40,902 39,232 -4.1% LA 35,033 31,073 -11.3% FREE 101,385 96,273
Slide 14: LINE official account pricing
LINEA? 997 b 20236F CHEFS VERE HEI SY MABIDY | RaBEM Coe eMrAye-—N" D> | AGoee RHAVE-Y | BMAye—D JU-Fsy (0) =] 1,000i8 Ay dBapy-yav7sy (0) | 200i8 A BaIbFsy 5,000F3 15,00038 5/8 ZIbFSy 5,000F] 5,000i8 AY ZIYI-EISY 15,000Fi + 45,000%8 ~3F/i8 ZIYI-FISY 15,000Fi + 30,000i ~3F0/i8 1. RS
Slide 15: Media services
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Slide 16: Advertising services (LINE)
£60Ri5m (LINERS) EERSHR BEST / BRAE KEETLF POIY ABS = LINEA POY kb AEGEAN MES RESBMLEI-P-AOAYe—-JRIE AE HAA, EK LINEFOE-Yayvagv7 eeNe weme ep apoeinso AE chee, aetk LINE CHS BASH BNA TY ayBA LINES SRL EIGHRARIEY Ua-yay AF + Hee F42IL4BS = LINE VOOM DYE RTBE [LINE VOOM] 97 KE: H)\Pe LINE NEWS DYE RTB
Slide 17: Media services
BRAS FAAZIFLABES mae Yahoo!iks [F4A2ZFL4BS) GRP) yavevIbs GEAR) FOE Yahoo ks [F4A2ZFL4ABS!) (PHB) YaveVIBS (PHB) E4 Bim (Yahoo!) EGREDE DV IYORE DU IYDRE BRE DYN-VsavRE CA-PIWAYIL YY AYRE MRE RES WRB S sao bY FR-D YF YIR-9 N-bt-t4b [Yahoo!y aveYZ| Ni Ry by DYFYYR-Y Ml (Yahoo!ly aveYT| BSEIT AF howe
Slide 18: Commerce segment
AVY-Asz
Slide 19: P/L: Commerce segment
(BAR) Fe LMNas LINEV7— YavevIBz YA-ABR F-ERECHE EO ZOZO, PATI BLE Ree ies - RSS COREE FOHMBR OBA i @EBITDA/Y—-Yy SAR(P/L): IV-ABR FY2022 Q3123 211,632 43,468 25,646 10,614 7,13 94 168,164 94,053 104,977 25,372 79,605 32,630 (15.4%) FY2023 Q312:3 217,403 39,871 22,994 9,517 7,070 288 177,532 96,928 1
Slide 20: Commerce services
kB LINEV 7— YavevIBs Y1-2Bz Y-ERAECHR Ent ZOZO, PATIL ZOZO PAIN Ent AVY-A2BRCUIAY LOZESY—-EZ - im PUR Nahoolya vey). TLINNY3y¥eY2). TLINE FRIENDS] . [LINE#2bJ . [MySmartStore | . TYahoo!¥—k by ASKUL] , [LIVEBUY] , S89HEC ( [LINE SHOPPING (433 - 9-1)| . [GIFTSHOP! TEZ STORE] , [QUICK EC] . [MyShop] .
Slide 21: Commerce KPIs
HImKPI : eAY—-AMMROSR aI=1=] ERU-C2A-BR elvY-Anhs = HARRIS - [Yahooly aye YI] . [ZOZOTOWN] . [LOHACO] . [Fv—-A]. [LINEVayeyZ] . Yavey TER [LINE FRIENDS] , [MySmartStore] . [Yahoo!¥— by ASKUL] . [LIVEBUY] YA-2BR lYahoola-JyYayl . [Yahoo!7UYJ . [ZOZOUSED] 7A7WBLOBER TASKUL] . [SOLOEL ARENA] . [APMRO]
Slide 22: Strategic businesses
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Slide 23: PayPay KPIs
PayPay £2KPI i PayPay SR1—F—R' MTV? (4) RAR (ts) GA (aa) sexy 5,995 6145 15.84 16.12 5,664 f 15.19 5,400 " 13.68 3,033 3,021 2,819 | M T u YoY +17.8% Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 1. SO4BRAR ROPayPayD? HI y b SRA I—F-H 2. MTU (Monthly Transaction Users) : 19 RICIGIAL, i
Slide 24: PayPay ownership and ratios
EASE owa eR Ol sera PORERSH El peMsKRAH 100% 100% 100% -. Zih-WF4 IA _ ie CH) 50% BR-IF4YIA 46.6% 50.1% 51% 3) PayPaysiés (#8) Sais Fe LINE Credit (##) 63.9%? PayPay (#%) 60% 51% — LINESES$ (#4) 35% PayPaya3s (#k) PayPay#— F (#k) 1. RRMHBAS 2. BIR—ILF 4 TA (th) RBBOS7.IWELINEP 7 — (th) RBDOS.INESH
Slide 25: Global fintech KPIs
Global Fintech# =2KPI| LINE Bank (48) 1-#7—-& LINE BK (94) 1-¥#—-& (B) (A) 172 634 165 608 157 572 148 544 139 525 YoY +24, 1% YoY +20.9% Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 LINE LINE Bank (4 ¥ EXYP) 1-F-B (A) 82 70 62 55 51 YoY +62.0% Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
Slide 26: P/L: Strategic businesses
S8ER(P/L) : BIBS (65) FY2022 Q312 FY2023 Q312 Fe LMNas 65,174 76,593 +17.5% Fintech 64,869 76,527 +18.0% PayPayitlsa? 46,993 55,505 +18.1% PayPaysi14 10,437 11,702 +12.1% © OtthZAB (LINE Fintech%) 7,438 9,319 +25.3% SO theese 304 65 -78.4% FL Ri 4,209 4,152 -1.3% Ree 72,678 79,689 +9.6% HAVER - Kese
Slide 27: EBITDA (IFRS basis)
ie LB! EBITDA? (IFRS#22) (FD) 514 468 461 480 7 23 -15 -58 Q3'22 Q4'22 Q1'23 Q2'23 mats om EBITDA 1. PayPay (ti) BRORLE. HO7-UY TKOBBICKD, PayPayd—F (th) OMBBREFY2MDD SBS. GHMONBRS HEE. FEBOME PayPayiaité 314 RERORE EOHBE EOHAE (#83) 556 we aff 33 BAF AE || 03'23 aaz 3B BUKREEtH (IFRSH) Fy2028102))
Slide 28: PayPay Card results
PayPayfRia( ts) FELIS + SAH (IFRSHA) | BUSHES (ARB)! (18) (#83) "9 FY2028102) FY202303 109 103 102 102 Hz 19,087 20,584 RE REBSY 2,586 3,636 SRE TOE 235 259 RT BROS HEL 7,131 7,785 BRBERE 18 23 RAE 100 97 28 9° af 17,771 19,243 19 SRA TOA 196 190 14 16 MTSLORE 16,933 17,965 BAFTA 568 1,019 a3'22 04'
Slide 29: Fintech services
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Slide 30: Other topics
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Slide 31: Overseas services MAU and rankings
MI SFSSRRM LINE BiB, 94, AY FRY PERDELAP YP RE + MICS. EAHGU-FEV LP Ayveviy -4BRCLEBE, ZIYI, F-LHBRERDCMBe A a4 AYERIP = 202312R ARR 8B. 9407-91 SaReONSs 2,200% MAU! (AD: 2,3425.A\2) 5,50075 MAU! (AD : 6,609 AS) 600% MAU! ro] (AG : 21867, 8695.4) 202312BARROAD. ABBORLRT-IEOSIB 20224OA0. ABBOLRT-FEOS
Slide 32: Appendix
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Slide 33: Shareholder return policy
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Slide 34: User metrics trend
vI— AWBOF4YI—-¥-IDR (8h) 54.8 54.9 54.3 Q3'22 1, EB4NH - thee SOURCES 1-F-BOSEaHt Q4'22 Q1'23 54.2 Q2'23 55.9 Q3'23 1-¥-38 (8%) LINE BI? 774 F1—-¥-B 23%F12A) Global M 195 176 178 178 7 7 6 53 54 54 22 22 22 94 95 95 03'22 04'22 123 179 180 6 6 55 55 22 96 Q2'23 Q3'23 AY ERUP 33
Slide 35: • • • • • • • • • • • • • •
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Slide 36: Notes and disclaimer
ABBAS AUSSANONSld, GRICNTSRBLUSENTVSHAVSOTM, SBORMAECEER IKKO, CHORBLEAS< BESBRLROSSCLECTRS EA), SHOMMICMEE SAS SHHORM BRM (AMESBSE) O [B¥SOVAT] CHOKFOCCSR<KRU. KEL, BMICRBESAIS BRt (BRSOUAT| [CRMANTNSPACMECNSFOCSEVCCECHRS EAL. ABW - F-IO MAGFHIS OER < EE.
Slide 37: LY Corporation
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