Gdev Inc. · NASDAQ:GDEV
Gdev — Nexters Global — Q2 2021 Earnings Presentation
16 slides from Gdev's earnings presentation, Sep 22, 2021
Slide 1: Q2 2021 Financial Results
Q2 2021 Financial Results Nexters Global 22 September 2021 1
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 and non-IFRS metrics used in the presentation
Key operating and non-IFRS 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, reg
Slide 4: Key Highlights
Key Highlights
Slide 5: Summary
Summary IPO on Nasdaq Global Market geared us with additional cash for our consolidation with total proceeds of ~$132 million $154m Bookings in 2Q 2021 +40% YoY Record high bookings and continued improvement in KPI’s Chibi Island, our new casual 395k farm & adventure game, is MPU in 2Q 2021 official
Slide 6: Key financial highlights
Key financial highlights (A) (B) Bookings (1) Adjusted costs and expenses (2) Selling and Marketing Costs Strong growth in bookings in Q1 $m $m $m and Q2 2021 reflecting MPUs and +40% +106% +193% ABPPU dynamics 154 139 91 Record high investments in user acquisition in H1 2021 as company 110 improved
Slide 7: Diversification across key platforms and geographies
Diversification across key platforms and geographies Bookings by platform (1) Bookings by geography (1) Mobile platforms have seen strong $m $m growth, due to high investment in Mobile US Asia Other UA and shorter expected payback Desktop Europe FSU period of the cohorts acquired +29% +29% 268 268 D
Slide 8: Key Operating Highlights
Key Operating Highlights Monthly paying users (1) Average bookings per paying user (2) Bookings Strong growth in bookings in Q1 (‘000 users) ($/month) ($m) and Q2 2021 reflects MPUs and +43% -2% +40% ABPPU dynamics 395 128 125 154 Significant growth in MPUs driven by record high investment 277 110 i
Slide 9: Rapid growth in user base under healthy conversion rates
Rapid growth in user base under healthy conversion rates DAU DAU/MAU DAU and MAU grew YoY on the ‘000 users +35% % back of UA investments 1,198 19.7% Conversion from monthly to daily 1,023 users and from players to payers 975 889 863 was relatively flat YoY despite more 808 16.6% significant UA spen
Slide 10: Three new content-oriented titles in 2021 pipeline
Three new content-oriented titles in 2021 pipeline Chibi Island Puzzle Island Riddle Island Casual farm game Farming and adventure simulator Match-3 and adventure simulator Official released in the end of July after Official soft launch planned on Active preparation for soft launch to successful sof
Slide 11: Guidance for 2021
Guidance for 2021 (A) (B) Bookings Adjusted costs and expenses (1) $ million $ million 585-610 470-490 443 312 2020 2021 2020 2021 Management profitability measure = (A) – (B) 11 1) The Company defines Adjusted costs and expenses as the total of platform commissions, game operating costs, selling an
Slide 12: Appendix
Appendix
Slide 13: Balance Sheet
Balance Sheet ($ in thousands) H1 2021 Q1 2021 FY 2020 Assets Non-current assets Property and equipment 946 713 171 Intangible assets 128 129 76 Goodwill 1 473 1 465 - Long-term deferred platform commission fees 105 227 95 117 89 562 Right-of-use-assets 1 921 2 275 1 044 Deferred tax assets 17 - - T
Slide 14: Profit and Loss Statement
Profit and Loss Statement ($ in thousands) H1 2021 H1 2020 Q2 2021 Q2 2020 Revenue 196 333 122 035 109 644 63 260 Costs and expenses, excluding depreciation and amortization Cost of revenue: Platform commissions (53 990) (35 774) (29 510) (18 418) Game operation cost (8 159) (7 251) (4 222) (3 612)
Slide 15: Cash Flow Statement
Cash Flow Statement ($ in thousands) H1 2021 H1 2020 Q2 2021 Q2 2020 Operating activities Income/(loss) for the year net of tax (31 795) 4 119 (20 008) 10 409 Adjustments for: Depreciation and amortization 1 068 232 609 150 Share-based payments expense 705 24 315 12 Net finance income excluding bank
Slide 16: Reconciliation of non-IFRS measures
Reconciliation of non-IFRS measures H1 2021 H1 2020 Q2 2021 Q2 2020 FY2020 Platform commissions 53 990 35 774 29 510 18 418 75 188 Game operating costs 8 159 7 251 4 222 3 612 16 402 Selling and marketing expenses 155 472 73 353 90 745 30 973 165 756 General and administrative expenses 7 638 563 4 8