Asiasoft Corporation PLC. (AS) 1Q12 Opportunity Day 17 th May 2012
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for shares of Asiasoft Corporation Pcl. (“Asiasoft” ) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which Asiasoft operates and general achievement of Asiasoft business forecasts, which will cause the actual results, performance or achievements of Asiasoft to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation This presentation has been prepared by Asiasoft. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of Asiasoft or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws Page 2
Agenda • Territory Overview • Asiasoft Overview • Next Steps • Appendices Page 3
Territory Overview Page 4
Online Game Publishers in Thailand TOTAL: 65 Games 78 Games 111 Games 129 Games 143 Games 25 New Games 34 New Games 27 New Games 39 New Games 14 New Games 5 39 Companies (6 New companies) 4 (0 closed company) 33 Companies (5 New companies) 3 (5 closed company) 33 Companies (8 New 2 companies) (1 closed 26 Companies company) 1 (6 new companies) (3 closed 23 Companies Company) (5 new companies) (0 closed company) 2008 1Q12 2011 2009 2010 6 New companies entered the market in 1Q12 with total of 39 publishers operating 143 game titles Page 5
New Game Launch in Thailand Online Game Publisher Type Online Game Publisher Type CHO Asiasoft/Funbox MMORPG Zeed Empire 7Zeed WEB AIKA Asiasoft/Funbox MMORPG Dungeon Viva Zeed 7Zeed WEB Cosmic Break Online Digicraft MMORPG Camon Hero Asiasoft/Funbox MMORPG Prius Online Golden Soft MMORPG Dragon Nest Asiasoft/Funbox MMORPG IRIS ONLINE JAYA SOFT MMORPG FreeJack Asiasoft/Funbox Casual Super SpeeDa Joy Telecom Casual Soccer Manager Online EMMO WEB Trickster Vplay MMORPG Lime Odyssey Golden Soft MMORPG World of Fighter Winner Online MMORPG Edge of Warriors Koramgame WEB ION [Loong Online] Winner Online MMORPG Kaneland Koramgame WEB ศึกบัลลังก์มังกร New 9 games from 8 Publishers SNSPlus WEB 18 ฝ ่ามือมหาประลัย SNSPlus WEB Mini Fighter TDE/NC True MMORPG Eden Online Winner Online MMORPG The Legend of Emperor Winner Online MMORPG New 14 games from 5 Publishers WEB MMORPG 7 games 6 games Casual 50% 43% 1 games 11% MMORPG 8 games 89% Casual 1 games 7% Web games becoming a big trend: number of web games launched in 1Q12 surpassed MMORPG Page 6
Market Share by Genre in 1Q12 Others TDE/NC True Asiasoft/Funbox Asiasoft/Funbox 26% 13% 45% 52% MMOPRG CASUAL INI3 Digital 3% INI3 Digital Asiasoft/Funbox 20% Others 40% Winner Online 14% 15% Golden Soft Others TDE/NC True 7% 22% 4% INI3 Digital Winner Online 7% 12% Others Others 30% 4% Asiasoft/Funbox Winner Online 11% 9% TDE/NC True 21% Web FPS Game Asiasoft/Funbox TDE/NC True 38% 75% INI3 Digital 32% Total market share improved from 38% in 2011 to 40% in 1Q12 due to higher shares in web game and FPS Page 7 Source: Company’s data based on 1Q12 Avg. Max CCU
Online Game Publishers in Singapore TOTAL: 5 Games 21 Games 24 Games 26 Games 9 New Games 7 New Games 2 New Games 4 9 Companies (1 New company) 3 8 Companies (4 New companies) 2 4 Companies 1 4 Companies 2009 1Q2012 2011 2010 1 New company entered the market and launched its first game in late March Page 8
New Game Launch in Singapore 1Q11 1Q12 Online Game Publisher Type Online Game Publisher Type Cherry AikaSEA Asiasoft MMORPG SD Gundam Online Casual Credits League of Legends Garena MOBA World of Tanks SEA Gaming TPS/FPS 2 New Games Released from 2 publishers 2 New Games Released from 2 publishers Page 9
Online Game Publishers in Malaysia TOTAL: - Games 72 Games 106 Games 119 Games - New Games 41 New Games 35 New Games 15 New Games 36 Companies 4 (4 New companies) (1 Close company) 33 Companies 3 (8 New companies) (2 close company) 2 29 Companies (7 new companies) (1 close Company) - Companies 1 (- new companies) (- close company) 1Q2012 2009 2010 2011 • 4 New comers entered the market in 1Q12; however, 1 company closed down with total of 36 publishers at the end of 1Q12 • High competition market with number of publishers are almost the same as Thailand’s, but market size is only half . Page 10
New Game Launch in Malaysia Online Game Publisher Type Online Game Publisher Type Monster Forest Asiasoft MMORPG ShowTimeSEA Eagle Game Casual New RO Gameflier MMORPG DF Web MyCNX Web Yuan Zhen Kingsoft MMORPG SQ Web MyCNX Web Fantasy Sangou GoPlayPlay Web Wang Dao Online CIB MMORPG Kung Fu Hero Redapple MMORPG SMZT Web GamePro Web Water Fairy Youxi Park MMORPG B7U Web RMS Web Ming Web Youxi Park Web WLZW Web RMS Web Number of titles launch: 7 WLY Web RMS Web Most new title are client based MMORPG. Xiao Jing GoPlayPlay MMORPG World Domintate Gamersland Web FHDT Web FunGame Web FSZ Web BBG.my Web Ninja2u Funnel Web Wulin Adventure Runup Web Egnima Runup MMORPG 15 New games from 11 publishers Most new title are web based MMORPG or Strategy. Page 11
Market Share by Genre in 1Q12 CASUAL MMOPRG TOTAL Web FPS Game • Cherry Credits launched SD Gundam Online in Feb 2012. • Top publishers in Singapore: Asiasoft, Cherry Credits, Garena, IAH Games • Top publishers in Malaysia: CIB, Cubinet, Asiasoft, Eagle Games Page 12 Source: Company’s data based on 1Q12 Avg. Max CCU
Online Game Publishers in Indonesia TOTAL: 19 Games 51 Games 71 Games 80 Games 12 New Games 24 New Games 19 New Games 7 New Games 3 Closed Games 1 Closed Games 4 Closed Games 2 Closed Games 32 Companies 4 (4 New companies) (2 close company) 3 27 Companies (9 New companies) (3 close company ) 2 20 Companies (10 new companies) (1 close Company) 10 Companies 1 (2 new companies) (3 close company) 2009 1Q12 2010 2011 4 New comers entered the market, but 2 companies closed down in 1Q12 Page 13
New Game Launch in Indonesia Game Title Publishers Genre Game Title Publishers Genre Dragon's Call Indonesia IGLO Web Granado Espada Lyto RPG Legend of 3 Kingdoms Prodigy RPG Grand Fantasia Winner Online RPG Anime Figter Lyto Casual Forsaken World Lyto RPG Kart Rider Kreon Casual Kaisar Jawa Online Ltd RPG Crystal Epic Orange Games Web 7 Games From 6 publishers (1 new publisher) MMORPG is still a mainstay of publisher. Page 14
Market Share by Genre in 1Q12 • ASID had no market share in web, casual and FPS game yet. • Gemscool is a subsidiary of Kreon from Korea. Page 15 Source: Company’s data based on 1Q12 Avg. Max CCU
Asiasoft Overview Page 16
Consolidated Performance Unit : Million Baht Items Q1Y11 Q4Y11 Q1Y12 YoY QoQ ▲ 1.7% ▼ 8.8% Revenues 395.38 441.03 402.22 <By Region> ▼ 5.7% ▼ 8.8% Domestic 277.02 286.41 261.32 ▲ 19.0% ▼ 8.9% Oversea 118.36 154.62 140.90 <By Business Type> ▲ 0.1% ▼ 11.5% Online 360.26 407.74 360.79 ▲ 33.6% ▲ 29.3% Distribution 25.66 26.51 34.29 ▼ 24.4% ▲ 5.4% Advertising and others 9.46 6.78 7.15 ▲ 3.7% ▼ 11.1% COGS 212.74 248.22 220.55 ▼ 0.5% ▼ 5.8% Gross Profit 182.64 192.81 181.68 GP% 46.2% 43.7% 45.2% ▲ 8.5% ▼ 22.7% SG&A 97.09 136.30 105.32 SG&A% 24.2% 29.0% 25.0% 18.34 ▲ 197.6% ▼ 36.1% Other Revenues 6.16 28.69 ▲ 3.2% ▲ 11.1% EBIT 91.71 85.20 94.68 EBIT% 22.8% 18.1% 22.5% ▲ 2.7% ▼ 6.6% EBITDA 120.55 132.44 123.75 EBITDA% 30.0% 28.2% 29.4% ▲ 0.7% ▲ 52.4% Tax 21.61 14.27 21.75 (0.24) ▼ 100.0% ▲ 86.0% Non-controlling interests 0.00 (1.70) ▲ 4.5% ▲ 0.8% Net Profit 69.99 72.57 73.12 Net Profit% 17.4% 15.4% 17.4% Page 17
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