Boyaa Interactive International Ltd. · HKEX:434
Boyaa Interactive International — FY2014 Earnings Presentation
25 slides from Boyaa Interactive International's earnings presentation, 2015
Slide 1: 2014 Annual Results Presentation
Boyaa Interactive International Limited (Stock Code: 0434.HK) 2014 Annual Results Presentation The leading global brand for online card and board game developer and operator
Slide 2: FY2014 Annual Results Key Highlights
FY2014 Annual Results FY 2014 Key Highlights: 1. Sustainable growth in revenue and profit - Revenue amounted to RMB 945.3m, up 38.8%yoy - Net profit achieved RMB 280.1m, up 106.7%yoy - Non-IFRS adjusted net profit achieved RMB 306.2m, up 40.0%yoy 2. Continuous growth in two key games - Fight the Lan
Slide 3: 2014 Annual and Q4 Results
2014 Annual and Q4 Results ees
Slide 4: FY 2014 Revenue and Net Profit
FY 2014 Revenue and Net Profit • Revenue, net profit, non-IFRS adjusted net profit recorded impressive yoy growth of 38.8%, 106.7% and 40.0% respectively Revenue Net Profit Non-IFRS adjusted net profit (RMB millions) (RMB millions) (RMB millions) +38.8%yoy +106.7yoy +40.0%yoy 945 681 280 306 219 136
Slide 5: Q4 2014 Revenue and Net Profit
Q4 2014 Revenue and Net Profit Revenue Net Profit Non-IFRS adjusted net profit (RMB millions) (RMB millions) (RMB millions) +22.3%yoy +92.7yoy +21.2%yoy 244 199 66 70 58 34 Q4 2014 Q4 2013 Q4 2014 Q4 2013 FY2014 FY2013 5
Slide 6: FY 2014 Revenue Breakdown
FY 2014 Revenue Breakdown • Continued shift in strategic focus from web-based games to mobile games has contributed to a significant increase in revenue generated from mobile games Revenue by games type FY 2014 | FY 2013 (RMB millions) +94.8%yoy +0.8%yoy Mobile Web-based 56.7%| 40.4% 43.3% | 59.6% 5
Slide 7: FY 2014 Revenue Breakdown
FY 2014 Revenue Breakdown • Fight the Landlord reached the blooming stage of the card and board games, revenue increased 162.7%yoy Revenue by games FY 2014 | FY 2013 (RMB millions) +24.0%yoy Texas Hold„em Series 77.9% | 87.2% Others 5.2% | 3.9% 737 594 +162.7%yoy +84.5%yoy Fight the Landlord 49 160
Slide 8: FY 2014 Revenue Breakdown
FY 2014 Revenue Breakdown • Strategically enhancing games with localized features, revenue of games in simplified Chinese increased 96.4%yoy Revenue by language versions of games FY 2014 | FY 2013 (RMB millions) +11.8%yoy +96.4%yoy Simplified Chinese Others 45.1% | 31.8% 54.9% | 68.2% 519 464 426 21
Slide 9: Q4 2014 Revenue Breakdown
Q4 2014 Revenue Breakdown Revenue by games type Q4 2014 | Q4 2013 (RMB millions) +56.3%yoy -9.9%yoy Mobile Web-based 62.1%| 48.6% 37.9% | 51.4% 151 97 92 103 Mobile Web-based Q4 2014 Q4 2013 9
Slide 10: Q4 2014 Revenue Breakdown
Q4 2014 Revenue Breakdown Revenue by games Q4 2014 | Q4 2013 (RMB millions) +3.4%yoy Texas Hold„em Series 72.9% | 86.3% Others 5.7% | 3.3% 178 172 +150.7%yoy +110.1%yoy Fight the Landlord 52 14 21 7 21.4% | 10.4% Texas Hold'em Fight the Others Series Landlord Q4 2014 Q4 2013 10
Slide 11: Q4 2014 Revenue Breakdown
Q4 2014 Revenue Breakdown Revenue by language versions of games Q4 2014 | Q4 2013 (RMB millions) +112.2%yoy -18.0%yoy Simplified Chinese Others 53.7% | 30.9% 46.3% | 69.1% 131 138 113 62 Simplified Chinese Others Q4 2014 Q4 2013 11
Slide 12: FY 2014 Expenses Analysis
FY 2014 Expenses Analysis Cost of revenue Selling and marketing expenses % of revenue FY 2014 FY 2013 % of revenue FY 2014 FY 2013 IFRS 39.9% 38.9% IFRS 18.9% 21.7% Non-IFRS (adjusted) 38.8% 36.2% Non-IFRS (adjusted) 18.5% 20.6% (RMB ‟000) (RMB ‟000) 377,467 178,682 10,519 265,053 3,995 147,685 18,7
Slide 13: Q4 2014 Expenses Analysis
Q4 2014 Expenses Analysis Cost of revenue Selling and marketing expenses % of revenue Q4 2014 Q4 2013 % of revenue Q4 2014 Q4 2013 IFRS 43.3% 40.4% IFRS 18.6% 21.6% Non-IFRS (adjusted) 42.5% 37.6% Non-IFRS (adjusted) 18.3% 20.6% (RMB ‟000) (RMB ‟000) 105,591 45,413 1,877 80,531 43,108 5,491 713 2,08
Slide 14: Non-IFRS Measure – Adjusted Net Profit
Non-IFRS Measure – Adjusted Net Profit Reconciliation from net profit to unaudited non-IFRS adjusted net profit FY 2014 FY 2013 Net profit excluding share‐based RMB’000 yoy change (unaudited) (unaudited) compensation expenses, fair value Profit for the period 279,587 135,507 +106.3% change of liabil
Slide 15: Non-IFRS Measure – Adjusted Net Profit
Non-IFRS Measure – Adjusted Net Profit Reconciliation from unaudited net profit to unaudited non-IFRS adjusted net profit (RMB’000) Q4 2014 Q4 2013 RMB’000 yoy change (unaudited) (unaudited) Profit for the period 65,501 33,999 +92.7% Share-based compensation expense 1,877 5,491 -65.8% included in co
Slide 16: FY2014 Key Financials
FY2014 Key Financials RMB’000 FY2014 FY2013 Change Revenue 945,319 681,262 +38.8% Gross profit 567,852 416,209 +36.4% Net profit 280,065 135,507 +106.7% Non-IFRS adjusted net profit 306,177 218,676 +40.0% Gross margin 60.1% 61.1% -1.0p.p. Net margin 29.6% 19.9% +9.7p.p. Adjusted net margin 32.4% 32.
Slide 17: Financial Position
Financial Position RMB’000 As of 31 Dec 2014 As of 31 Dec 2013 Change Total assets 1,713,681 1,408,113 +21.7% Total liabilities 232,055 193,494 +20.0% Net assets 1,481,626 1,214,619 +22.0% Cash and cash equivalents 1,029,331 965,566 +6.6% Short-term investments1 370,000 223,000 +65.9% Trade receivab
Slide 18: Q4 2014 Operating Performance
Q4 2014 Operating Performance
Slide 19: Paying Players
Paying Players • Our effective monetization measures led to the surge in paying players and ARPPU Paying players (‟000) 1,997 1,836 708 160 178 179 Q4 2014 Q4 2013 Q3 2014 Mobile games Web-based games Paying players yoy change qoq change Overall +143.5% +7.0% Mobile +182.1% +8.8% Web-based -10.1% -1
Slide 20: DAUs & MAUs
DAUs & MAUs • Our stable and quality game experience constantly drive growth in DAUs and MAUs DAUs1 MAUs2 (‟000) (‟000) 19,825 18,958 4,248 4,195 15,301 3,333 1,580 1,562 1,610 8,084 8,021 8,106 Q4 2014 Q4 2013 Q3 2014 Q4 2014 Q4 2013 Q3 2014 Mobile games Web-based games Mobile games Web-based games
Slide 21: ARPPU of Major Games
ARPPU of Major Games • Our effective monetization measures increased the paying players in game purchases and the no. of rounds of game played ARPPU of Texas Hold’em ARPPU of Fight the Landlord (RMB) (RMB) 57.0 56.5 51.8 17.9 17.7 16.1 407.6 387.5 419.5 48.3 48.1 43.2 Q4 2014 Q4 2013 Q3 2014 Q4 2014
Slide 22: Business Plan
Business Plan
Slide 23: Business Plan 2015
Business Plan 2015 1 Game portfolio expansion 2 Penetration into target markets Total no. of games as of 31 Dec 2014 25 Total no. of language versions of our games 21 As of 31 Dec 2014 Target no. of new games in 2015 +5 China Continuous game development: Sustain growth momentum in domestic marke
Slide 24: IR contacts
IR contacts Boyaa Interactive International Limited Email: [email protected] DLK Advisory Limited Email: [email protected] T : +852 2857 7101
Slide 25: Disclaimer
Disclaimer You must read the terms, conditions, limitations, notifications, restrictions, acknowledgments and representations in the following (the “Terms”) before reading or making any other use of this presentation. In reading or making any other use of this presentation, you acknowledge and agree
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