Pcf Group Sa · GPW:PCF
Pcf Group Sa — FY2021 Earnings Presentation
24 slides from Pcf Group Sa's earnings presentation, Apr 22, 2022
Slide 1: 2021 Financial Results Presentation
FY 2 0 2 1 2021 FINANCIAL 22ND APRIL RESULTS PRESENTATION
Slide 2: Legal Disclaimer
2 0 LEGAL DISCLAIMER 2 1 This presentation does not constitute an offer to sell, or solicitation of an offer to This presentation does not purport to contain a complete and comprehensive buy or subscribe for, any securities or financial instruments issued by PCF Group financial or commercial analysi
Slide 3: People Can Fly: The Group
PCF GROUP AS AT DECEMBER 31TH 2021 TODAY THE GROUP PEOPLE HAS OVER CAN FL Y Newcastle 550 INCLUDING Warsaw (HQ) 162 Montreal Lodz Rzeszow Chicago New York IN NORTH AMERICA, RELYING ON: OUR TEAM OVER THE YEARS HEADQUARTERS STUDIO START-UP STUDIO 495 REMOTE WORK OPTIONS 307 RELATIONSHIPS 281 TOTAL EST
Slide 4: Slide 4
Slide 5: Group Transformation
GROUP TRANSFORMATION CLEAR GOALS EMPOWERMENT AGILE PCF Group has decided to boost the PCF has years of experience in combin- Creative work requires such manage- effectiveness of its activities by imple- ing art and technology in game devel- ment techniques that can release the menting the OKR approa
Slide 6: Group Transformation: Mergers and Acquisitions
GROUP TRANSFORMATION: MERGERS AND ACQUISITIONS OUR TARGETS PREFERRED • studios using UNREAL ENGINE TERRITORIES • having proprietary IP • using the WFH model • complementing Group’s other competencies ( self-publishing, content creation, etc. ) and contributing to its development CRITERIA • flexible
Slide 7: Group Transformation: Expanding Our Portfolio
GROUP TRANSFORMATION: EXPANDING OUR PORTFOLIO GEMINI DAGGER BIFROST VICTORIA FURTHER DEVELOPER’S PROJECT PROJECT PROJECT TO BE FOUNDED PROJECT IN THE CONCEPT SUPPORT AND PRESENTATION WITH WITH TAKE-TWO BY THE GROUP TO BE RELEASED DEVELOPMENT PHASE OF WORLDSLAYER SQUARE ENIX INTERACTIVE IN THE SELF-P
Slide 8: Outriders Worldslayer
Bile: DSLAYER LY
Slide 9: Presentation of Expansion
GROUP TRANSFORMATION: EXPANDING OUR PORTFOLIO The next entry in the Outriders universe, Worldslayer is the ultimate experience for new and veteran players alike. It includes both Presentation of expansion the original game, improved in every way, and all-new new content filled with new, powerful ene
Slide 10: iS)
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Slide 11: Other Competences Within the Group: VR
OTHER COMPETENCES WITHIN THE GROUP: VR A Polish developer studio specializing in the production of games for virtual reality platforms. PROJECT VR NEW PROJECTS QUEST EDITION WAS RELEASED COMMISSIONED IN SELF-PUBLISHING FOR OCULUS QUEST 2 PLATFORM AND BASED ON AND WORK FOR HIRE MODELS ON 7TH OF APRIL
Slide 12: Reviews and Ratings
POSITIVE REVIEWS AFTER THE LAUNCH GREEN HELL VR: OCULUS QUEST 2 • In few days after the launch Green Hell VR has entered the top REVIEWS AND RATINGS three of Oculus Store bestseller list and as of today (21.04.2022) it remains there Upload VR – “ Recommended” • The game was reviewed 1000 times by th
Slide 13: Other Competences Within the Group: Motion Capture, Animation, Audio
OTHER COMPETENCES WITHIN THE GROUP: MOTION CAPTURE, ANIMATION, AUDIO A Canadian studio specializing in post-production of content for video games. Game On Creative, Inc. cooperated with globally recognised publishers and studios, including: Electronic Arts, Sony Interactive Entertainment, Square Eni
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Slide 15: People Can Fly Group: FY 2021 Summary
PEOPLE CAN FLY GROUP: FY 2021 SUMMARY FY 2020 FY 2021 103.8 MLN PLN / 23.2 MM EUR REVENUE REVENUE +73.7% PEOPLE 180.3 MLN PLN / 39.4 MM EUR CAN FLY 31.9 MLN PLN / 7.1 MM EUR EBITDA EBITDA +129.2% 73.2 MLN PLN / 16.0 MM EUR GROUP EBITDA (ADJUSTED) 32.6 MLN PLN / 7.3 MM EUR EBITDA (ADJUSTED) +116.4% 7
Slide 16: People Can Fly Group: FY 2021 Summary
PEOPLE CAN FLY GROUP: FY 2021 SUMMARY FY 2020 FY 2021 0.0 MLN PLN / 0.0 MM EUR GOODWILL 54.6 MLN PLN / 11.9 MM EUR PROPERTY, PLANT +227.9% 3.3 MLN PLN / 0.7 MM EUR AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT 10.8 MLN PLN / 2.4 MM EUR PEOPLE DEVELOPMENT 0.0 MLN PLN / 0.0 MM EUR CAN FLY WORK IN PROGRE
Slide 17: Group's Financial Results: Revenue
GROUP’S FINANCIAL RESULTS: REVENUE +66.1% 200 178.0 178.0 180.3 178.0 180.3 150 107.2 107.2 +3.4 100 83.9 103.8 70.3 50 44.1 -2.2 0 -2,2 2017 2018 2019 2020 2021 2020 2021 FY 2021 WARRANTS ADJUSTED REVENUE FY 2021 FY 2021 REVENUE TOTAL REVENUE ADJUSTED REVENUE All figures in PLN MM
Slide 18: Group's Financial Results: Revenue Analysis
GROUP’S FINANCIAL RESULTS: REVENUE CONTRACT DEVELOPMENT OF VIDEO GAMES ROYALTIES WARRANTS ADJUSTMENT 200 180.3 1.9 150 103.8 100 83.9 3.8 70.3 1.2 3.8 54.5 51.6 50 44.1 46.5 48.5 49.6 0.4 43.6 0.6 0.3 33.2 +1.2 30.8 9.1 0.6 +2.4 35.0 66.5 82.7 100.0 178.4 30.2 45.9 54.1 48.2 -2.9 -2.9 0 2017 2018 20
Slide 19: Development Revenue Outsourcing – Revenue and Expenses
GROUP’S FINANCIAL RESULTS: DEVELOPMENT REVENUE OUTSOURCING – REVENUE OUTSOURCING – COSTS 200 +88.4% 35.9 35.2 167.0 150 100 19.8 19.4 88.6 11.4 11.2 11.4 11.2 50 46.7 46.8 32.4 2.6 2.5 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 DEVELOPMENT REVENUE OUTSOURCING – REVENUE AND EXPENSES All figu
Slide 20: Group's Financial Results: EBITDA
GROUP’S FINANCIAL RESULTS: EBITDA 159.6 75 73.2 30 26.1 50 25 20 19.5 18.2 31.9 15 25 22.3 22.4 11.3 10 9.8 9.3 6.4 9.8 4.4 5 0 0 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 FY 2020 FY 2021 EBITDA All figures in PLN MM
Slide 21: Group's Financial Results: Adjusted EBITDA
GROUP’S FINANCIAL RESULTS: ADJUSTED EBITDA 170.3 75 70.5 30 50 25 24.0 20 18.9 32.6 17.2 15 23.8 25.0 25 18.4 10 9.8 10.4 7.9 8.5 6.4 5 0 0 2017 2018 2019 2020 2021 Q1 Q2 Q3 Q4 FY 2020 FY 2021 ADJUSTED EBITDA All figures in PLN MM
Slide 22: EBITDA and Adjusted EBITDA
GROUP’S FINANCIAL RESULTS: EBITDA AND ADJUSTED EBITDA EBIDTA 73.2 MLN PLN / 16.0 MM EUR IPO COSTS 2.0 MLN PLN / 0.4 MM EUR FORGIVENESS OF PPP SECOND DRAW LOAN -3.3 MLN PLN / -0.7 MM EUR ACQUISITION-RELATED ADVISORY COSTS 0.9 MLN PLN / 0.2 MM EUR WARRANTS – VALUATION REVERSAL -3.4 MLN PLN / -0.7 MM E
Slide 23: Q&A
Q&A
Slide 24: People Can Fly
PEOPLE cNETY