The CD PROJEKT Capital Group in Q3 2018 Adam Kici ski // - - PowerPoint PPT Presentation

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

The CD PROJEKT

in Q3 2018 Capital Group

Financial results

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CD PROJEKT Group – summary of results

2017 Q3 2018 Q3 CD PROJEKT RED GOG.com consolidation eliminations

Sales revenues 84 889 67 167 40 914 28 109

• 1 856

Cost of sales 18 833 19 521 1 385 19 348

• 1 212

Gross sales profit 66 056 47 646 39 529 8 761

• 644

Operating expenses 22 886 29 352 20 399 9 596

• 643

Selling costs 15 535 20 235 12 570 8 276

• 611

General and administrative expenses 7 638 8 729 7 366 1 395

• 32

Other expenses and revenues

• 287

388 463

• 75

EBIT 43 170 18 294 19 130

• 835
• 1

Financial revenues less expenses 1 289 1 854 1 452 402 Income tax 8 728 4 661 4 533 128 Net profit 35 731 15 487 16 049

• 561
• 1

CD PROJEKT Capital Group

All figures in PLN thousands

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GOG.com - revenues from sales of goods from external suppliers [USD thousands]

2 750 5 500 8 250 11 000 Q1 Q2 Q3

2017 2018

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CD PROJEKT Group - development expenditures

10 000 20 000 30 000 40 000 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018

Development expenditures at CD PROJEKT RED Development expenditures at GOG.com All balances in PLN thousands

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CD PROJEKT Group – balance sheets

ASSETS 30.06.18 30.09.18 change change %

Fixed assets 326 072 358 309 32 237 10% Development expenditures 198 191 227 987 29 796 15% Other fixed assets 127 881 130 322 2 441 2% Working assets 687 315 667 659

• 19 656
• 3%

Trade receivables 37 552 26 432

• 11 120
• 30%

Other receivables 17 852 21 762 3 910 22% Prepaid expenses 14 398 12 607

• 1 791
• 12%

Other working assets 9 616 5 280

• 4 336
• 45%

Cash on hand and bank deposits 607 897 601 578

• 6 319
• 1%

TOTAL ASSETS 1 013 387 1 025 968 12 581 1%

EQUITY AND LIABILITIES 30.06.18 30.09.18 change change %

Equity 940 531 958 832 18 301 2% Long-term liabilities 13 208 10 832

• 2 376
• 18%

Short-term liabilities 59 648 56 304

• 3 344
• 6%

Trade and others liabilities 44 433 37 112

• 7 321
• 16%

Other provisions 10 783 14 059 3 276 30% Other short-term liabilities 4 432 5 133 701 16% TOTAL EQUITY AND LIABILITIES 1 013 387 1 025 968 12 581 1% All figures in PLN thousands

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CD PROJEKT Group – cash flow

175 000 350 000 525 000 700 000

607 897 601 578 29 296

• 28 171
• 7 444

Cash and deposits 2018-06-30 Cash flows 
 from operating activities Development expenditures Other cash flows Cash and deposits 2018-09-30

All figures in PLN thousands

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Trailer views on YouTube - first 28 days since the release

data refer only to the official CD PROJEKT Group channels

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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

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AN INTRIGUING, CHALLENGING GAME ONE OF THE BEST-WRITTEN RPGs IN YEARS

IGN

A SPECTACULARLY CRAFTED RPG SUPERB

GAMESRADAR+ GAMESPOT KOTAKU

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Q&A

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Thank you

Karolina Gnaś // karolina.gnas@cdprojekt.com IR contact:

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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

• f the completion and integration of acquisitions, the

consequences of 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

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