Cd Projekt S.a. · GPW:CDR

Cd Projekt — Q3 2021 Earnings Presentation

16 slides from Cd Projekt's earnings presentation, Nov 29, 2021

  1. Slide 1: CD PROJEKT Group Q3 2021 Earnings

    CD PROJEKT Group Q3 2021 Earnings 29 November 2021 Adam Kiciński // President, Joint CEO Piotr Nielubowicz // Member of the Board, CFO Michał Nowakowski // Member of the Board, SVP Business Development

  2. Slide 2: Gradual shift to new projects while still supporting Cyberpunk 2077

    GRADUAL SHIFT TO NEW PROJECTS WHILE STILL SUPPORTING CYBERPUNK 2077 31.12.2020 30.06.2021 30.09.2021 Support for Cyberpunk 2077 + next-gen version GWENT-related projects SPOKKO CP Expansion Other projects Development team allocation 2

  3. Slide 3: Next-gen versions are on track to meet their target dates

    NEXT-GEN VERSIONS ARE ON TRACK TO MEET THEIR TARGET DATES TARGET RELEASE DATE: Q1 2022 TARGET RELEASE DATE: Q2 2022 3

  4. Slide 4: Future plans for GWENT: The Witcher Card Game

    FUTURE PLANS FOR GWENT: THE WITCHER CARD GAME Optimization of GWENT operations based on developed technology and experience gained over the last 5 years of operating the game Scale of activities and team size adjusted to achieve optimal results Further support for the project with regular updates an

  5. Slide 5: The Witcher: Monster Slayer

    THE WITCHER: MONSTER SLAYER Current priority: improve retention and monetization of the game More effective live ops system rolled out on November 24th, based on first regular task feature Content update coming soon 5

  6. Slide 6: Recent acquisitions open opportunities for new talent pool and future projects

    RECENT ACQUISITIONS OPEN OPPORTUNITIES FOR NEW TALENT POOL AND FUTURE PROJECTS 6

  7. Slide 7: Financial Results

    FINANCIAL RESULTS 7

  8. Slide 8: CD PROJEKT Group — Profit and Loss Account

    CD PROJEKT GROUP — PROFIT AND LOSS ACCOUNT CD PROJEKT GROUP RED GOG Q3 2021 Q3 2020 Q3 2021 Q3 2021 Q3 2021 eliminations vs Q3 2020 Sales revenues 104 518 144 463 104 770 41 784 -2 091 38% Revenues from sales of products 61 902 104 262 101 642 1 984 636 68% Revenues from sales of services 467 420 96

  9. Slide 9: Group Revenues — Profit vs. Costs and Expenses

    CD PROJEKT GROUP REVENUES — PROFIT VS. COSTS AND EXPENSES 160 000 Costs & expences Net profit 120 000 80 000 128 121 81 136 77 976 40 000 51 680 23 382 16 342 15 487 14 895 Q3 2018 Q3 2019 Q3 2020 Q3 2021 All figures in PLN thousands 9

  10. Slide 10: Group Revenues — Profit vs. Costs and Expenses

    CD PROJEKT GROUP REVENUES — PROFIT VS. COSTS AND EXPENSES 160 000 Other costs & expences Early projects reseach phase costs CP77 depreciation CP77 service 120 000 Net profit 80 000 40 000 Q3 2018 Q3 2019 Q3 2020 Q3 2021 All figures in PLN thousands 10

  11. Slide 11: CD PROJEKT Group — Balance Sheet

    CD PROJEKT GROUP — BALANCE SHEET ASSETS 30.06.2021 30.09.2021 change change % Fixed assets 945 128 931 541 -13 587 -1% Expenditures on development projects 379 387 376 973 -2 414 -1% Other financial assets * 211 961 173 808 -38 153 -18% Other fixed assets 353 780 380 760 26 980 8% Working assets 1 2

  12. Slide 12: RED — Product Research, Development & Service Costs

    CD PROJEKT RED — PRODUCT RESEARCH, DEVELOPMENT & SERVICE COSTS 160 000 Service costs – released products (P&L – Selling costs) Research costs – new projects (P&L – G&A costs) Development expenditures – new products (Assets – capitalised) 120 000 80 000 40 000 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020

  13. Slide 13: Group — Cash Flow

    CD PROJEKT GROUP — CASH FLOW 1 400 000 88 877 36 716 22 876 26 530 9 607 16 342 1 050 000 1 029 641 -366 055 700 000 1 129 406 1 184 648 350 000 Cash, deposits Net profit Change in Change in Depreciation of Expenditures Other Cash, deposits and T-bonds for the period receivables liabilities expendit

  14. Slide 14: Q&A

    Q&A 14

  15. Slide 15: Thank You

    THANK YOU [email protected] [email protected] 15

  16. Slide 16: 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

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