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1
INVESTOR RELATIONS 2015
Com2uS 2014 4Q Financial Results
February 10th 2015
2
Disclaimer
All information and data in this document has not been audited by independent third party.
Therefore, information and data contained in this document is subject to change upon an
independent third party audit (or review), and should not be considered as an indication of
future performance.
Therefore investors should not make investment solely from this material and Com2uS does
not intend and takes no responsibility about investment made by investors.
33
INVESTOR RELATIONS 2015
Table of Contents
Ⅰ. 2014 4Q Financial Results [Consolidated]
Financial Results
Revenue Composition Ⅰ
Revenue Composition Ⅱ
Operating Expenses
Game Line-up
2015 Business Plan (Guidance)
Category 4Q ’13 3Q ’14 4Q ’14 QoQ YoY
Revenue 20,001 86,822 83,740 -4% 319%
Operating Income 476 45,951 36,012 -22% 7,459%
Net Income 6,263 40,928 23,191 -43% 270%
OP margin 2% 53% 43%
NP margin 31% 47% 28%
4
Financial Results (Consolidated)
 Com2uS recorded the highest revenue on annual basis, due to the global success of ‘Summoners War’ & ’Ace Fishing’
 4Q Revenue 83,740 M KRW (QoQ -4%, YoY +319%), ‘14 accumulated revenue 234,688 M KRW (YoY +188%)
 4Q Operating Income 36,012 M KRW (QoQ -22%, YoY +7,459%), ‘14 accumulated operating income 101,210 M KRW (YoY +1,209%)
- Sustained 43% OP Margin, despite increase in brand marketing and labor costs
Category 2013 2014 YoY
Revenue 81,351 234,688 188%
Operating Income 7,733 101,210 1,209%
Net Income 19,350 79,212 309%
OP margin 10% 43%
NP margin 24% 34%
YTD
[Unit : M KRW][Unit : M KRW]
Quarterly
20,001
86,822 83,740
476
45,951
36,012
6,263
40,928
23,191
4Q'13 3Q'14 4Q'14
Revenue Operating Income Net Income
81,351
234,688
7,733
101,210
19,350
79,212
2013 2014
Revenue Operating Income Net Income
53,725 62,445
27,627
172,243
81,351
2013 2014
Domestic Mobile Overseas Mobile
12,640 17,494 17,354
7,361
69,328 66,386
20,001
86,822
83,740
4Q'13 3Q'14 4Q'14
Domestic Mobile Overseas Mobile
5
Revenue Composition (Consolidated)Ⅰ
[Unit : M KRW]
Quarterly
63%
37%
21%
79%
[Unit : M KRW]
YTD
66%
34%
27%
73%
Category 4Q ’13 3Q ’14 4Q ’14 QoQ YoY
Domestic 12,640 17,494 17,354 -1% 37%
Overseas 7,361 69,328 66,386 -4% 802%
Total 20,001 86,822 83,740 -4% 319%
Category 2013 2014 YoY
Domestic 53,725 62,445 16%
Overseas 27,627 172,243 523%
Total 81,351 234,688 188%
20%
80%
 Overseas revenue reached 73% due to the success in major global markets (2013 overseas revenue 34%)
 4Q Overseas revenue 66,386 M KRW, Domestic revenue 17,354 M KRW
- Global and domestic success of ‘Summoners War’ continued, leading revenue growth (QoQ Overseas +802%, Domestic +37%)
 Both overseas and domestic revenues grew, especially overseas revenue growing YoY +523% and reaching 73% of total revenue
- Continued revenue stream from various genre of games including ‘Summoners War’, ‘Ace Fishing’, ‘Golf Star’,
‘Com2uS Pro-baseball for Manager’, and ‘Soccer Spirits’
234,688
4Q'13 3Q'14 4Q'14 2013 2014
Asia North America Europe South America&Etc.
54%
24%
17%
5%
Asia North America Europe South America&Etc.
6
Revenue Composition (Consolidated) Ⅱ
 Well-diversified revenue distribution in major global markets (Japan, US, China and others)
 Sustained solid revenue increase in US, the largest western market and in Japan, the largest eastern market
* Korean market excluded
TrendsQuarterly
37%
45%
14%
4% 60%
20%
15%
5%
54%
24%
17%
5%
20%
75%
5%
61%
23%
15%
2%
* Korean market excluded
24,193 23,749
2,976 7,985
29,120
72,024
4,816
17,594
12,513
12,125
73,619
133,477
2013 2014
Labor Royalty Service Marketing ETC
6,558 5,284
7,191
1,450
1,515
2,319
6,872
25,978
24,687
1,339
4,922
9,855
3,306
3,171
3,675
19,524
40,871
47,728
4Q'13 3Q'14 4Q'14
Labor Royalty Service Marketing ETC
YTD
7
Operating Expenses
Quarterly
[Unit : M KRW, % of total expenses(% of total revenue)]
14% (8%)
5% (3%)
52% (29%)
21% (12%)
8% (4%)
33% (30%)
4% (4%)
40% (36%)
7% (6%)
17% (15%)
17% (10%)
6% (3%)
54% (31%)
13% (7%)
9% (5%)
4% (2%)
64% (30%)
12% (6%)
8% (4%)
13% (6%)
7% (7%)
35% (34%)
7% (7%)
17% (17%)
34% (33%)
 Marketing cost increased, due to heightened competition in global mobile market (QoQ +100.2%, 11.8% of 4Q revenue)
 Marketing cost accounted for 7.5% of total revenue on yearly basis
 Other operating expenses remained at similar level on QoQ basis, except for service cost (QoQ -5%)
[Unit : M KRW, % of total expenses (% of total revenue)]
8
Game Line-Up
 2015 1H Global Launch
RPG
Dragon Knight Soul Seeker
East Legend Wonder Tactics
Casual
Action Puzzle Family
Mini Game Paradise
Sport
Com2uS Baseball
(3D Real Sport)
9 Innings Manager
(Sport Simulation)
2013 2014 2015(E)
Operating Income Net Income
53.0 62.5
85.4
28.4
172.2
313.5
2013 2014 2015(E)
Domestic Mobile Overseas Mobile
9
2015 Business Plan (Guidance)
 Revenue 398.9 B KRW (YoY +70%)
- Overseas revenue 313.5 B KRW (YoY +82%, Revenue portion 79%) , Domestic revenue 85.4 B KRW(YoY +37%)
 Operating Income 157.1 B KRW (OP Margin 39%, YoY +55%), Net Income 122.8 B KRW (Net Margin 31%, YoY 55%)
Revenue Plan
[Unit : B KRW] [Unit : B KRW]
Profit Plan
81.4
234.7
398.9
7.7
19.3
101.8
79.2
157.1
122.8
 Continued success on ‘Summoners War’, ‘Ace Fishing’ and new revenue generation from new games, establishing
Com2uS brand as global top class game company

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Com2u s 4q14_eng

  • 1. 1 INVESTOR RELATIONS 2015 Com2uS 2014 4Q Financial Results February 10th 2015
  • 2. 2 Disclaimer All information and data in this document has not been audited by independent third party. Therefore, information and data contained in this document is subject to change upon an independent third party audit (or review), and should not be considered as an indication of future performance. Therefore investors should not make investment solely from this material and Com2uS does not intend and takes no responsibility about investment made by investors.
  • 3. 33 INVESTOR RELATIONS 2015 Table of Contents Ⅰ. 2014 4Q Financial Results [Consolidated] Financial Results Revenue Composition Ⅰ Revenue Composition Ⅱ Operating Expenses Game Line-up 2015 Business Plan (Guidance)
  • 4. Category 4Q ’13 3Q ’14 4Q ’14 QoQ YoY Revenue 20,001 86,822 83,740 -4% 319% Operating Income 476 45,951 36,012 -22% 7,459% Net Income 6,263 40,928 23,191 -43% 270% OP margin 2% 53% 43% NP margin 31% 47% 28% 4 Financial Results (Consolidated)  Com2uS recorded the highest revenue on annual basis, due to the global success of ‘Summoners War’ & ’Ace Fishing’  4Q Revenue 83,740 M KRW (QoQ -4%, YoY +319%), ‘14 accumulated revenue 234,688 M KRW (YoY +188%)  4Q Operating Income 36,012 M KRW (QoQ -22%, YoY +7,459%), ‘14 accumulated operating income 101,210 M KRW (YoY +1,209%) - Sustained 43% OP Margin, despite increase in brand marketing and labor costs Category 2013 2014 YoY Revenue 81,351 234,688 188% Operating Income 7,733 101,210 1,209% Net Income 19,350 79,212 309% OP margin 10% 43% NP margin 24% 34% YTD [Unit : M KRW][Unit : M KRW] Quarterly 20,001 86,822 83,740 476 45,951 36,012 6,263 40,928 23,191 4Q'13 3Q'14 4Q'14 Revenue Operating Income Net Income 81,351 234,688 7,733 101,210 19,350 79,212 2013 2014 Revenue Operating Income Net Income
  • 5. 53,725 62,445 27,627 172,243 81,351 2013 2014 Domestic Mobile Overseas Mobile 12,640 17,494 17,354 7,361 69,328 66,386 20,001 86,822 83,740 4Q'13 3Q'14 4Q'14 Domestic Mobile Overseas Mobile 5 Revenue Composition (Consolidated)Ⅰ [Unit : M KRW] Quarterly 63% 37% 21% 79% [Unit : M KRW] YTD 66% 34% 27% 73% Category 4Q ’13 3Q ’14 4Q ’14 QoQ YoY Domestic 12,640 17,494 17,354 -1% 37% Overseas 7,361 69,328 66,386 -4% 802% Total 20,001 86,822 83,740 -4% 319% Category 2013 2014 YoY Domestic 53,725 62,445 16% Overseas 27,627 172,243 523% Total 81,351 234,688 188% 20% 80%  Overseas revenue reached 73% due to the success in major global markets (2013 overseas revenue 34%)  4Q Overseas revenue 66,386 M KRW, Domestic revenue 17,354 M KRW - Global and domestic success of ‘Summoners War’ continued, leading revenue growth (QoQ Overseas +802%, Domestic +37%)  Both overseas and domestic revenues grew, especially overseas revenue growing YoY +523% and reaching 73% of total revenue - Continued revenue stream from various genre of games including ‘Summoners War’, ‘Ace Fishing’, ‘Golf Star’, ‘Com2uS Pro-baseball for Manager’, and ‘Soccer Spirits’ 234,688
  • 6. 4Q'13 3Q'14 4Q'14 2013 2014 Asia North America Europe South America&Etc. 54% 24% 17% 5% Asia North America Europe South America&Etc. 6 Revenue Composition (Consolidated) Ⅱ  Well-diversified revenue distribution in major global markets (Japan, US, China and others)  Sustained solid revenue increase in US, the largest western market and in Japan, the largest eastern market * Korean market excluded TrendsQuarterly 37% 45% 14% 4% 60% 20% 15% 5% 54% 24% 17% 5% 20% 75% 5% 61% 23% 15% 2% * Korean market excluded
  • 7. 24,193 23,749 2,976 7,985 29,120 72,024 4,816 17,594 12,513 12,125 73,619 133,477 2013 2014 Labor Royalty Service Marketing ETC 6,558 5,284 7,191 1,450 1,515 2,319 6,872 25,978 24,687 1,339 4,922 9,855 3,306 3,171 3,675 19,524 40,871 47,728 4Q'13 3Q'14 4Q'14 Labor Royalty Service Marketing ETC YTD 7 Operating Expenses Quarterly [Unit : M KRW, % of total expenses(% of total revenue)] 14% (8%) 5% (3%) 52% (29%) 21% (12%) 8% (4%) 33% (30%) 4% (4%) 40% (36%) 7% (6%) 17% (15%) 17% (10%) 6% (3%) 54% (31%) 13% (7%) 9% (5%) 4% (2%) 64% (30%) 12% (6%) 8% (4%) 13% (6%) 7% (7%) 35% (34%) 7% (7%) 17% (17%) 34% (33%)  Marketing cost increased, due to heightened competition in global mobile market (QoQ +100.2%, 11.8% of 4Q revenue)  Marketing cost accounted for 7.5% of total revenue on yearly basis  Other operating expenses remained at similar level on QoQ basis, except for service cost (QoQ -5%) [Unit : M KRW, % of total expenses (% of total revenue)]
  • 8. 8 Game Line-Up  2015 1H Global Launch RPG Dragon Knight Soul Seeker East Legend Wonder Tactics Casual Action Puzzle Family Mini Game Paradise Sport Com2uS Baseball (3D Real Sport) 9 Innings Manager (Sport Simulation)
  • 9. 2013 2014 2015(E) Operating Income Net Income 53.0 62.5 85.4 28.4 172.2 313.5 2013 2014 2015(E) Domestic Mobile Overseas Mobile 9 2015 Business Plan (Guidance)  Revenue 398.9 B KRW (YoY +70%) - Overseas revenue 313.5 B KRW (YoY +82%, Revenue portion 79%) , Domestic revenue 85.4 B KRW(YoY +37%)  Operating Income 157.1 B KRW (OP Margin 39%, YoY +55%), Net Income 122.8 B KRW (Net Margin 31%, YoY 55%) Revenue Plan [Unit : B KRW] [Unit : B KRW] Profit Plan 81.4 234.7 398.9 7.7 19.3 101.8 79.2 157.1 122.8  Continued success on ‘Summoners War’, ‘Ace Fishing’ and new revenue generation from new games, establishing Com2uS brand as global top class game company