Guillemot Corp. SA · EURONEXT:GUI
Guillemot Corp. SA — H1 2020 Earnings Presentation
71 slides from Guillemot Corp. SA's earnings presentation, Sep 23, 2020
Slide 1: Guillemot Corporation SA 2020 interim results
GUILLEMOT CORPORATION SA 2020 interim results September 23, 2020, Paris
Slide 2: Agenda
• H1 2020 highlights • Overview of the financial statements to June 30, 2020 • Interim key figures • Product ranges • Outlook
Slide 3: Hercules
HERCULES
Slide 4: Hercules product ranges
Hercules product ranges DJing and digital music Wireless speakers for smartphones and tablets
Slide 5: Thrustmaster
THRUSTIVUASTER’
Slide 6: Thrustmaster product ranges
Thrustmaster product ranges Racing wheels Gaming headsets
Slide 7: First-half 2020 Highlights
First-half 2020 Highlights Hercules THRUSTMASTER’
Slide 8: H1 2020 highlights
H1 2020 highlights ➢ H1 2020 turnover: €41.5m, equating to 63% growth ➢ Sales up 133% in North America, 55% in the European Union and 22% in other countries ➢ Business affected by unprecedented market conditions, with the COVID-19 pandemic causing many stores to be closed worldwide ➢ Even greater co
Slide 9: Overview of 2020 interim financial statements
Overview of 2020 interim financial statements
Slide 10: H1 2020 key figures
H1 2020 key figures First half (€ millions) Jun 30, 2020 Jun 30, 2019 Change January 1 – June 30, 2020 Thrustmaster gaming accessories 38.9 23.6 +65% Thrustmaster total 38.9 23.6 +65% Hercules digital devices 2.3 1.6 +44% OEM* 0.3 0.3 - Hercules total 2.6 1.9 +37% Total turnover 41.5 25.5 +63% Net i
Slide 11: Key balance sheet items
Key balance sheet items (€m) Jun 30, 2020 Dec 31, 2019 Shareholders’ equity 57.4 50.3 Inventories 15.8 21.4 Net debt (excl. AFS securities)* 0.5 10.2 Current financial assets (AFS securities portion) 32.6 27.3 * Available-for-sale (AFS) securities are not taken into account when calculating net debt
Slide 12: Income statement to June 30, 2020
Income statement to June 30, 2020
Slide 13: Income statement
(All figures in €k) Jun 30,2020 Jun 30, 2019 Net turnover 41519 25,485 Purchases -15,772 “11,546 Extemal expenses “7,724 -5,840 Employee expenses -5,167 -4,986 Taxes and duties -306 -216 Additions to amortization and depreciation -1,718 -1,574 Additions to provisions -1,086 -677 ‘Change in inventori
Slide 14: Balance sheet at June 30, 2020
Balance sheet at June 30, 2020
Slide 15: Assets
ASSETS Net Net Jun 30, 2020 Dec 31, 2019 (All Siguses in €k) Goodwill on acquisitions ° ° Tntangible assets 11,668 11,401 Property, plant and equipment 4,516 4,598 Financial assets 299 268 Tax assets 699 880 Deferred tax assets 272 1,149 Non-current assets 17,454 18,296 Inventories 15,772 21,390 Tra
Slide 16: Liabilities and equity
(1) Of the consolidating parent. (2) Of which net income for the period: €7,331k.
Slide 17: Cash flow statement to June 30, 2020
Cash flow statement to June 30, 2020
Slide 18: Cash flow statement: operating activities
(All figures in €k) Jun 30, 2020 Jun 30, 2019 Cash flows from operating activities Net income from consolidated companies 7,331 -2,546 + Additions to amortization, depreciation and provisions (except on current assets) 1,762 1,880 - Reversals of amortization, depreciation and provisions 0 0 -/+ Unre
Slide 19: Cash flow statement: investing and financing
(All figures in €k) Jun 30, 2020 Jun 30, 2019 Cash flows from investing activities Acquisitions of intangible assets -1,195 -1,318 Acquisitions of property, plant and equipment -488 -337 Disposals of property, plant and equipment and intangible assets 0 5 Acquisitions of non-current financial assets
Slide 20: Thrustmaster
THRUSTIVUASTER’
Slide 21: Racing
/ > a ANGLING
Slide 22: Thrustmaster racing wheels range
PS3/PS4/PC Thrustmaster EXPERT racing wheels range T300 RS GT Edition T-GT PS4™/PC PS4™/PC e-sports CASUAL ADVANCED T80 Ferrari 488 T150 Ferrari GTB Edition Force Feedback PS4™/PC PS3™/PS4™/PC T300 RS T300 Ferrari TS-PC Racer Ferrari PS3™/PS4™/PC Alcantara edition 488 Challenge Edition T150 PRO FF P
Slide 23: Racing simulation ecosystem
Racing simulation ecosystem TM Open Wheel TM Leather 28 GT Ferrari F1 Add-On Wheel Add-On Wheel Add-On TM Competition Wheel Add-On 599XX EVO 30 Wheel Add-On TM Rally Wheel Add-on Ferrari GTE Wheel Add-On Sparco P310 Mod Alcantara® Edition Sparco R383 Mod Ferrari 458 Challenge Edition NEW 2020 T-LCM
Slide 24: Press review
PRESS REVIEW 24
Slide 25: Press coverage of T-LCM pedals
WW impact a ES impact 4) Sim e@ Analysis of the Thrustmaster T-LCM pedals Gaming 101: T3 Middle East recommends! “Social distancing has meant more time @ dedicated to fighting zombies, scoring goals or taking on the best racing tracks in the world. We : have a list of the most recommended gadgetry M
Slide 26: New releases
New releases Hercules THRUSTMASTER’ —AAA—
Slide 27: T.Racing Scuderia Ferrari Edition-DTS headset
• Thrustmaster is proud to present the T.Racing Scuderia Ferrari Edition-DTS. • The best of Thrustmaster’s audio expertise combined with unique DTS* know-how to improve gaming performance. (*DTS Sound Unbound application available for Xbox and PC; includes one year’s use of DTS.)
Slide 28: Project CARS 3 as catalyst for accessories market
Project CARS 3 game: A good catalyst for the gaming accessories market, including accessories designed by Thrustmaster
Slide 29: eSports
eSports Hercules THRUSTMASTER’ —AAA—
Slide 30: Thrustmaster eSports – H1 2020 highlights
Thrustmaster eSports – H1 2020 Highlights* ✓ Global eSports revenue is set to grow to $1.1 billion in 2020, up 15.7% year on year (2019: $950.6 million) ✓ The global eSports audience is set to reach 495 million in 2020, up 11.7% year on year Source: Newzoo 2020 *Figures do not take into account the
Slide 31: Ferrari eSports: Thrustmaster, official partner
Ferrari eSports: Thrustmaster, official partner As “official equipment supplier”, Thrustmaster is official partner of Ferrari’s driver academy. Thrustmaster’s partnership with Ferrari eSports really stepped on the gas in the first half of 2020, with Ferrari drivers taking part in the SRO Esports GT
Slide 32: Thrustmaster eSports: H2 2020 Le Mans Esports Series
Thrustmaster eSports: H2 2020 Le Mans Esports Series Online Super Final, September 15-18, 2020 • Season 2 of the Le Mans Esports Series, with Thrustmaster as exclusive partner of the category for the second time, saw Red Bull Racing Esports (Pro) and LM Squad (Pro-Am) take the top step of the podium
Slide 33: Le Mans Esports Series live broadcast
Thrustmaster eSports: H2 2020 Le Mans Esports Series • Four-day live broadcast “TM-LMES” offer code valid in the Thrustmaster e-shop
Slide 34: GT World: official equipment partner of GT Sport
GT WORLD: Thrustmaster, official equipment partner of GT Sport competitions worldwide In 2020, the T-GT racing wheel is the official racing wheel for FIA-certified GT Sport competitions. February 15-16, 2020: the first stage of the 2020 World Tour took place in Sydney (Australia), with Chilean drive
Slide 35: Thrustmaster eSports – H1 2020 competitions
Thrustmaster eSports – H1 2020 COMPETITIONS Live from Monaco GT Series “Live From Monaco GT Series”, a unique race with pro drivers, took place on May 23. Thrustmaster was delighted to partner with this virtual event, won by brand ambassador David Perel.
Slide 36: Flying
FLYING 36
Slide 37: Flight simulation ecosystem
FLIGHT SIMULATION ECaS*STEM (“Sze EXPERT ADVANCED FIA‘I8C Homet™ HOTAS Add-on Grip
Slide 38: A revival in flight simulation
Flying A revival in flight simulation Launch of a new version of Flight Simulator: a major event Flight sim market: potentially 1.8m users MFS 2020 targeting MFSX trend: 1m units (source: VGChartz, Steamspy) Partners:
Slide 39: Microsoft Flight Simulator 2020 released August 18
Microsoft Flight Simulator 2020 released August 18 • The release of Microsoft Flight Simulator on August 18 was a big success, fueling a new wave of flight simulation accessories, and should give year-end sales a big boost • Considered one of the best flight simulation games 39
Slide 40: TCA civil aviation products licensed by Airbus
Thrustmaster® launches a range of TCA civil aviation products officially licensed by Airbus®, offering authentic sensations and functions to immerse gamers in the world of passenger airliners.
Slide 41: Take flight in Microsoft Flight Simulator with Thrustmaster gear
a Take Flight in a Microsoft Flight Simulator KS at with THIRUSTMASTER’ gear Es — - L { om . 4\ 5: VW s@ 1 a ‘~ Db oot iW » \ 1 ,) -—* Z =) Ti | - ie 4 ; E- FS > p pl = »
Slide 42: Dedicated and innovative accessories
Flying Dedicated and innovative accessories
Slide 43: Airbus film
DJUCED QW AIRBUS FILM
Slide 44: Press review
PRESS REVIEW 44
Slide 45: Press reviews of TCA Sidestick Airbus Edition
Guillemot C tsa Thrustmaster TCA Sidestick Airbus Edition Review Thrustmaster TCA Sidestick Airbus pteenahins Editon Review “The TCA Sidestick Airbus Edition is a fantastic mid-range flight stick from Thrustmaster with an approachable price and makes for a perfect entry point to the flight sim world
Slide 46: Gaming controllers
GAMING CONTROLLERS 46
Slide 47: Thrustmaster gamepad range
Thrustmaster gamepad ESWAP PRO range GP XID Pro CONTROLLER PC PS4/PC NEW 2019 Score-A GPX controller Wireless PC/Xbox 360 Gamepad Dual Analog 4 PC Android T Wireless Black PC/PS3™ €19.99 €24.99 €29.99 €39.99 €169.99
Slide 48: eSwap Pro Controller
eSwap PRO CONTROLLER
Slide 49: eSwap Pro press coverage
TECH / SPY WW impact MAGAZINE .S) THE CONSOLES AND ACCESSORIES TO LEVEL UP YOUR GAMING EXPERIENCE “incredibly innovative, the Eswap Pro allows you to customize your controller in order to adapt to the way you play! You can now swap a module with any other at any point in a game — just amazing!” JP i
Slide 50: Gaming headsets
GAMING HEADSETS 50
Slide 51: Thrustmaster gaming headset range
Thrustmaster gaming headset Y-300CPX Multiple designs range All platforms Y-350CPX Far Cry 5 All platforms Y-300CPX Far Cry 5 All platforms Y-350CPX 7.1 All platforms €49.99 €59.99 €99.99 T.Flight US Air Force Edition All platforms T.Racing Ferrari Scuderia Edition All platforms T.Assault Six Collec
Slide 52: Worldwide installed base of consoles
Worldwide installed base of consoles Over 317 million consoles (vs. 310.2 million at June 27, 2020) of which 113.2 million PS4™ and 48.2 million Xbox One® (vs. 111.9 million PS4™ and 48.1 million Xbox One® at June 27, 2020) Source: VGChartz, September 5, 2020
Slide 53: Launch of next-generation consoles
Launch of next-generation consoles The imminent arrival of new consoles, with the Xbox Series X|S from Microsoft Corporation, available in two versions and set to launch on November 10, and the PlayStation®5 from Sony Interactive Entertainment Inc., slated to arrive on November 19 and also available
Slide 54: Next-gen consoles, the eSports boom and cloud gaming
Next-gen consoles, the eSports boom and cloud gaming
Slide 55: Hercules
Hercules ——AAA-—
Slide 56: DJ
DJ
Slide 57: DJ for beginners and improvers
DJ For beginners and improvers…
Slide 58: Current Hercules range of DJ kits
CURRENT HERCULES RANGE OF DJ KITS Hercules DJParty Set Hercules DJStarter Kit Hercules DJLearning Kit $199.99 $229.99 $129.99 €169.99 €199.99 €109.99 £159.99 £189.99 £89.99
Slide 59: DJControl Inpulse 500 photos
DJCONTROL INPULSE 500 Photos
Slide 60: New – Hercules Inpulse 500
NEW – Hercules Inpulse 500 Released in mid-June, the ultra-high-performance new Hercules DJControl Inpulse 500 DJ controller helps young DJs venture out of their homes and put on a show in public. Designed with Serato DJ Lite and DJUCED as the ideal solution to help beginners develop and perform, it
Slide 61: New DJ controller: DJControl Inpulse 500
DJ New DJ controller: DJControl Inpulse 500 DJ DJControl Inpulse 500 Security: hardware mixing (no software needed) of audio inputs (line and mic) with no additional power supply needed = back- up audio Convenience and safety: retractable feet • Keeps it slim => easy to transport On sale: July 2020
Slide 62: DJControl Inpulse 500 – Some numbers
DJCONTROL INPULSE 500 – Some numbers…
Slide 63: Sharp increase in Hercules' social media reach
SHARP INCREASE IN HERCULES’ SOCIAL MEDIA REACH Our community has experienced strong growth thanks to our collaboration with Joyca. Joyca is one of France’s most popular @herculesdj Instagram account YouTubers (lifestyle/music), with Followers from Sep 2019 to Sep 2020 3.77 million followers on YouTu
Slide 64: DJControl Inpulse 500 launch video
DJCONTROL INPULSE 500 LAUNCH VIDEO
Slide 65: DJ popular, high-performance software
DJ Popular, high-performance software 1.57m 180k 8 553k products 440k downloads sessions over one users between May 2019 and YEARS sold a year year May 2020
Slide 66: Impact of COVID-19
Impact of COVID-19 Hercules THRUSTMASTER’
Slide 67: Challenges linked to COVID-19
Over the period, the Group has faced some major challenges linked to COVID- 19: - Lockdown, resulting in the closure of many stores, particularly in Europe - Transfer of sales to e-commerce channels - Production delays in the first quarter, with capacity gradually returning to normal levels by May -
Slide 68: Increased consumer demand in second quarter
At the same time, increased consumer demand injected fresh momentum, resulting in a sharp increase in sales in the second quarter.
Slide 69: 2020 outlook
2020 outlook Hercules THRUSTMASTER’ —AAA—
Slide 70: Upgraded turnover and earnings forecasts
The success of Microsoft Flight Simulator, current strong demand for gaming accessories and the arrival of next-generation consoles before the end of the year mean the Group is in a position to upgrade its turnover and earnings forecasts despite high levels of uncertainty resulting from the pandemic
Slide 71: Thank you
Thank you