Cd projekt Capital group Financial results 2018 Adam Kici ski - - PowerPoint PPT Presentation

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Cd projekt Capital group Financial results 2018 Adam Kici ski - - PowerPoint PPT Presentation

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Cd projekt Capital group Financial results 2018 Adam Kici ski <<President, Joint CEO>> Piotr Nielubowicz <<Member of the Board, CFO>> 2018: a summary Cyberpunk 2077 2800 50 m visitors at gameplay Views of video

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Piotr Nielubowicz <<Member of the Board, CFO>> Adam Kiciński <<President, Joint CEO>>

Cd projekt 2018 Capital group Financial results

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2018: a summary

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Cyberpunk 2077

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50 m

Views of video content

2800

visitors at gameplay presentations

250 M

Subscribers of Youtubers and streamers who paid us a visit

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3 500 000 7 000 000 10 500 000 14 000 000 08.2013 06.2014 10.2014 04.2015 05.2015 05.2015 06.2018 08.2018

The Witcher 3: Wild Hunt Cyberpunk 2077

Killing Monsters Cinematic Trailer The Sword Of Destiny Trailer “The Trail” Opening Cinematic Official Gameplay Trailer Launch Cinematic Launch Trailer ("Go Your Way") Official E3 2018 trailer Gameplay Reveal 
 48-minute walkthrough

VIEWERSHIP OF GAME TRAILERS ON CD PROJEKT’S YOUTUBE CHANNEL


(within 28 days of release)

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GWENT RELEASED IN Q4 2018

END OF BETA – GAMEPLAY FINALIZED TRANSITION TO GAAS MODEL

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THRONEBREAKER
 RELEASED IN Q4 2018

4 PLATFORMS
 (GOG, STEAM, XBOX & PLAYSTATION) METASCORE 85/100

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SLIDE 10

Financial results

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SLIDE 11

2 017 2 018 RED GOG eliminations Revenues from sales of products and services 346 939 236 027 225 050 12 797

  • 1 820

Cost of products and services sold 1 273 12 692 11 132 2 896

  • 1 336

Revenues from sales of goods and materials 116 245 126 874 2 780 131 520

  • 7 426

Cost of goods and materials sold 80 901 93 562 2 620 95 870

  • 4 928

Gross profit from sales 381 010 256 647 214 078 45 551

  • 2 982

Operating costs 140 070 144 255 100 559 46 675

  • 2 979

Selling costs 110 673 107 183 69 750 40 185

  • 2 752

General and administrative costs 32 228 36 602 30 794 6 035

  • 227

Other operating revenues and costs

  • 2 831

470 15 455 EBIT 240 940 112 392 113 519

  • 1 124
  • 3

Financial revenues less expenses 6 465 10 641 10 783

  • 142

Income tax 47 135 13 699 14 995

  • 1 296

Net profit 200 270 109 334 109 307 30

  • 3

Net profitability of sales 43,2% 30,1%

PROFIT AND LOSS ACCOUNT

All figures in PLN thousands

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SLIDE 12

CD PROJEKT RED – REVENUES

20 000 40 000 60 000 80 000

0% 8,5% 17% 25,5% 34% Q1 Q2 Q3 Q4

2017 distribution of annual revenues from sales of products 2018 revenues from sales of products

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SLIDE 13

2 017 2 018 RED GOG eliminations Revenues from sales of products and services 346 939 236 027 225 050 12 797

  • 1 820

Cost of products and services sold 1 273 12 692 11 132 2 896

  • 1 336

Revenues from sales of goods and materials 116 245 126 874 2 780 131 520

  • 7 426

Cost of goods and materials sold 80 901 93 562 2 620 95 870

  • 4 928

Gross profit from sales 381 010 256 647 214 078 45 551

  • 2 982

Operating costs 140 070 144 255 100 559 46 675

  • 2 979

Selling costs 110 673 107 183 69 750 40 185

  • 2 752

General and administrative costs 32 228 36 602 30 794 6 035

  • 227

Other operating revenues and costs

  • 2 831

470 15 455 EBIT 240 940 112 392 113 519

  • 1 124
  • 3

Financial revenues less expenses 6 465 10 641 10 783

  • 142

Income tax 47 135 13 699 14 995

  • 1 296

Net profit 200 270 109 334 109 307 30

  • 3

Net profitability of sales 43,2% 30,1%

PROFIT AND LOSS ACCOUNT

All figures in PLN thousands

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GOG.COM REVENUES FROM SALES OF PRODUCTS FROM EXTERNAL SUPPLIERS (USD THOUSANDS)

3 000 6 000 9 000 12 000 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4

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SLIDE 15

2 017 2 018 RED GOG eliminations Revenues from sales of products and services 346 939 236 027 225 050 12 797

  • 1 820

Cost of products and services sold 1 273 12 692 11 132 2 896

  • 1 336

Revenues from sales of goods and materials 116 245 126 874 2 780 131 520

  • 7 426

Cost of goods and materials sold 80 901 93 562 2 620 95 870

  • 4 928

Gross profit from sales 381 010 256 647 214 078 45 551

  • 2 982

Operating costs 140 070 144 255 100 559 46 675

  • 2 979

Selling costs 110 673 107 183 69 750 40 185

  • 2 752

General and administrative costs 32 228 36 602 30 794 6 035

  • 227

Other operating revenues and costs

  • 2 831

470 15 455 EBIT 240 940 112 392 113 519

  • 1 124
  • 3

Financial revenues less expenses 6 465 10 641 10 783

  • 142

Income tax 47 135 13 699 14 995

  • 1 296

Net profit 200 270 109 334 109 307 30

  • 3

Net profitability of sales 43,2% 30,1%

PROFIT AND LOSS ACCOUNT

All figures in PLN thousands

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CD PROJEKT GROUP – BALANCE SHEET

ASSETS 31.12.17 31.12.18 change change % Fixed assets 255 535 388 309 132 774 52% Expenditures on development projects 143 130 242 816 99 686 70% Immovable property - Warsaw, Jagiellonska 76 13 031 13 031 – Other fixed assets 112 405 132 462 20 057 18% Working assets 725 978 738 529 12 551 2% Trade receivables 46 261 37 008

  • 9 253
  • 20%

Other receivables 17 582 19 231 1 649 9% Prepaid expenses 14 296 21 502 7 206 50% Other working assets 323 1 918 1 595 494% Cash and bank deposits 647 516 658 870 11 354 2% TOTAL ASSETS 981 513 1 126 838 145 325 15% EQUITY AND LIABILITIES 31.12.17 31.12.18 change change % Equity 882 899 1 002 864 119 965 14% Long-term liabilities 4 130 6 691 2 561 62% Short-term liabilities 94 484 117 283 22 799 24% Trade liabilities 37 374 49 914 12 540 34% Other liabilities 6 770 40 388 33 618 497% Other provisions 43 640 23 164

  • 20 476
  • 47%

Other short-term liabilities 6 700 3 817

  • 2 883
  • 43%

TOTAL EQUITY AND LIABILITIES 981 513 1 126 838 145 325 15%

All figures in PLN thousands

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CD PROJEKT GROUP – CHANGES IN R&D EXPENDITURES

75 000 150 000 225 000 300 000

76 563

  • 76 563
  • 12 459

R&D expenditures
 01.01.2018 Incurred during 
 the reporting period Decrease 
 in expenditures 


  • n projects in progress

Increase 
 in expenditures 


  • n finished projects

R&D expenditures 31.12 .2018

143 130 177 817 112 145

Expenditures 
 recognized 
 as costs in 2018

In progress finished

64 999

All figures in PLN thousands

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ASSETS 31.12.17 31.12.18 change change % Fixed assets 255 535 388 309 132 774 52% Expenditures on development projects 143 130 242 816 99 686 70% Immovable property - Warsaw, Jagiellonska 76 13 031 13 031 – Other fixed assets 112 405 132 462 20 057 18% Working assets 725 978 738 529 12 551 2% Trade receivables 46 261 37 008

  • 9 253
  • 20%

Other receivables 17 582 19 231 1 649 9% Prepaid expenses 14 296 21 502 7 206 50% Other working assets 323 1 918 1 595 494% Cash and bank deposits 647 516 658 870 11 354 2% TOTAL ASSETS 981 513 1 126 838 145 325 15% EQUITY AND LIABILITIES 31.12.17 31.12.18 change change % Equity 882 899 1 002 864 119 965 14% Long-term liabilities 4 130 6 691 2 561 62% Short-term liabilities 94 484 117 283 22 799 24% Trade liabilities 37 374 49 914 12 540 34% Other liabilities 6 770 40 388 33 618 497% Other provisions 43 640 23 164

  • 20 476
  • 47%

Other short-term liabilities 6 700 3 817

  • 2 883
  • 43%

TOTAL EQUITY AND LIABILITIES 981 513 1 126 838 145 325 15%

All figures in PLN thousands

CD PROJEKT GROUP – BALANCE SHEET

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CD PROJEKT GROUP – CASH FLOWS

175 000 350 000 525 000 700 000

132 519

  • 98 475
  • 22 762

Cash and deposits 01.01.2018 R&D expenditures Other investment and financial flows - balance Operating flows - balance Cash and deposits 31.12.2018

647 516 658 870

All figures in PLN thousands

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THE WITCHER 3 – UNITS SOLD BY DISTRIBUTION TYPE

2015 2016 2017 2018

Physical distribution Digital distribution

71% 40% 26% 20% 29% 60% 74% 80%

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2015 2016 2017 2018

PC PlayStation 4 Xbox

THE WITCHER 3 – UNITS SOLD BY PLATFORM

20% 14% 15% 48% 31% 42% 43% 35% 50% 13% 33% 54%

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What comes next?

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GWENT AS A SERVICE

REGULAR UPDATES AND NEW FEATURES EACH MONTH SEVERAL MAJOR EXPANSIONS EACH YEAR

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MOBILE GWENT

iPhone - Fall 2019

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June 11 - 13 | Los Angeles

Los Angeles Convention Center, 1201 S Figueroa Street, Los Angeles, California

[E3 2019]

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Q&A

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This report includes forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2018 and beyond could differ materially from the CD PROJEKT's current expectations. Forward-looking statements are identified by words such as "anticipates", "projects", "expects", "plans", "intends", "believes", "estimates," "targets," and other similar expressions that indicate trends and future events. Factors that could cause the CD PROJEKT's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences

  • f competitive factors in the marketplace including the ability to attract and retain customers, results of continuous improvement and other cost-

containment strategies, and the Company's success in attracting and retaining key personnel. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely. LEGAL DISCLAIMER