STARBREEZE investor Presentation - Carnegie Nordic Gaming Seminar, 31 May 2018
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
STARBREEZE
investor Presentation
Carnegie Nordic Gaming Seminar, 31 May 2018
Slide / 1
Starbreeze today Office locations
620
San Francisco Stockholm (HQ) employees
Los Angeles Brussels
§ First listed gaming company in Northern Europe founded in 1998
Paris Luxembourg
§ Independent developer and publisher of PC and console games Bangalore
and VR products & Dehradun
§ Net sales of EUR 35m
Barcelona
§ Listed on Nasdaq Stockholm – Market cap EUR 415m
Net Sales splits strong ips
Retail Other 5%
7%
Publishing PC
61% 60%
Starbreeze
Games
34% Console
40%
Psychonauts 2
Digital
93%
Slide / 2
The Payday success
Case study: payday Games as a service model GAAS sales trend compared to a typical game
(GAAS)
DLCS AND UPDATES
>170 Marketing 100 000
Crimefest
Spring break
UNITS SOLD
Y community
event
community event
>16,000,000 Events Community
80 000
r
PAYDAY 2 IN GROSS SALES
- 60 000
>200M EUR Free game
Steam
summer sale
DLCs 40 000
STEAM COMMUNITY MEMBERS updates
T 2
5,600,000 20 000
Action / Co-op
0
Release dates
August 2013 (PC) PAYDAY 2 Typical game
Slide
June /2015
3 (Console)
Key INSIGHTS
Gameplay first Community –
Strong brand
and Replayability it’s not about you, Global relevancy
long term
it’s about them
Slide / 4
STARBREEZE Case study: Dead by Daylight DLCS AND UPDATES >10 UNITS SOLD >3,000,000 DBD IN GROSS SALES EUR 40m STEAM COMMUNITY MEMBERS >800,000 Asymmetric horror Release dates June 2016 (PC) June 2017 (Console) Slide / 5
Building a focused catalogue Own games – Publishing – on our home turf Expanding market § co-operative § Expanding genres § 1st person shooteR § Strong IP § Gameplay first § And/or top ranked § Replayability studio/creator § FuN Slide / 6
Building strong IP:s Slide / 7
STARBREEZE
Global
mindset
Games should appeal to a global
audience Expansion to the
Strong distribution partners in Asian market
place for Europe and the US
Advantages
Larger addressable market
Geographic diversification
Slide / 9
For all platforms
PC and Console VR MOBILE
§ Main platforms § high potential market § Successful IP:s also to be
§ Simultaneous development § 9 titles available today developed for mobile
§ PAYDAY 2 for VR largest vr § Drive interest for games
game on the market released § PAYDAY CrimeWar to be
March 2018 released in 2018
Slide / 10
From one-trick pony to A gaming powerhouse
2-3 own 3-5 larger Aim for Market
large titles publishing titles leadership
Slide / 11Illustrative image of current and future service lines
$
Current and PAYDAY 3
10 Crowns
Future PAYDAY 3
Revenue
streams
Slide / 12 TIME
Production Live gameaccelerating growth
~200 Revenue generators 2020
(financial target)
Current revenue
generators
System Shock 3
35
2017 2020E
Net sales (EURm)
Slide / 13Our future stars Slide / 14
STARBREEZE Overkill’s the walking dead Starbreeze own development Narrative driven co-operative 1st person shooteR Based on the smash-hit graphic novel series by Robert Kirkman One of the worlds most popular tv series Exclusive rights for all platforms/markets Slide / 15
Project crossfire Starbreeze own production Premium co-operative 1st person shooteR Based on smilegate’s mega ip crossfire with 650M players WesterN version of the game Multi platform/Global reach Slide / 16
geminose
Starbreeze own development
a game where Magic, Music and
Dance is at the heart of the
Geminose Superstars world
Own ip
Global reach
premiering exclusively for the
Nintendo Switch
17
Slide / 20psychonauts 2 Publishing title Signed in 2017 third-person action/adventure Creator: tim Schafer Studio: Double Fine Productions Pc/Global reach Investment of 8 MUSD Slide / 18
STARBREEZE System shock 3 Signed in 2017 A SCI-FI RPG FPS game with INTRIGUING CHARACTERS Creator: Warren Spector Studio: Otherside Entertainment PC/global reach Investment of 12 mUSD Slide / 19
STARBREEZE 10 crowns Signed in 2018 an epic-scale turn-based strategy game Creators behind Civilization Studio: Mohawk Games PC/global reach Investment of 7.7 mUSD Slide / 20
STARBREEZE Payday 3 Starbreeze own production co-operative 1st person shooteR Own ip Multi platform/Global reach Slide / 21
Virtual reality Slide / 22
LBE global VR Revenue Forecast 2017-2021 (MUSD)
Source: Location-Based VR entertainment Market Report, 2017-07-12, Greenlight Insights
>4x
1 400 increase
1 200
55
187
1 000
45 134
global 800
35
146
105
revenues 600 110
80
reaching 400
24
73
55
825
1.2 billion
616
14 457
200 41
31 307
usd in 2021 0
155
2017 2018 2019 2020 2021
Asia-Pacific Europe North America Other
Slide / 23Vr strategy – become A Leader for premium content
Illustrative
Profit Premium Content
Location-based vr centers
StarVR
STOR
M
Time
Investments to enable leadership for premium content
Slide / 24StarVR joint venture
IP rights Reference design Financing
Starvr R&D R&D Production
to unlock Ownership 33% 67%
b2b vr Listed on Taipei Exchange, market cap 150 MEUR
verticals Sales
Aim for IPO on Taiwain Exchange
Next generation headset reach market 2018
Starbreeze owns and maintains core IPR and
trademarks
Marketing
Support and aftermarket
Slide / 25Vr strategy – become A Leader for premium content
Illustrative
Profit Premium Content
Location-based vr centers
StarVR
STOR
M
Time
Investments to enable leadership for premium content
Slide / 26Vr strategy – become A Leader for premium content
Illustrative
Profit Premium Content
Location-based vr centers
StarVR
STOR
M
Time
Investments to enable leadership for premium content
Slide / 28Financial overview Slide / 29
Starbreeze evolution
CAGR: ~28%
34 36
21
14 16
11
8 8
3 5
Founded
1998 2012 2013 2014 2015 2016 2017
-2
Net sales (EURm) EBITDA (EURm)
WORK FOR HIRE OWN GAMES DEVELOPMENT PUBLISHING
PHYSICAL DISTRIBUTION, FEW PLATFORMS DIGITAL DISTRIBUTION, MULTI-PLATFORM VR
Slide / 30Increased investments driven by initiatives
Investments in own development and publishing 2015–2017
113% 412
180
56%
195
44%
40
95 232
17 154
78
2015 2016 2017
Publishing projects (SEKm)
Own games and technology (SEKm)
Total investments in game and technology development share of net sales
Slide / 31net sales development by title
Net sales by title per quarter, 2013 –2018 PAYDAY 2 – BASE GAME VS DLC sales from PC from launch
100%
payday~85–100% payday ~40–60% 96%
12 90%
EURm
11 80% 77%
10 79%
10 10
10
9 70%
8 60% 56%
7 54% 54%
50%
6 46% 46%
5 5 5 44%
5 5 40%
4 4
3 3 30%
23%
20% 21%
10%
4%
2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 0%
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015 2016 2017 2018
PAYDAY 2 Dead by Daylight RAID: World War II Other Base game DLC
Slide / 32experienced management team
Bo Andersson Sebastian Saül Almir Stéphane Mikael Maeva Ann Charlotte Johanna
Klint Ahlskog Gascon Barba Listo Decroix Nermark Sponbergs Svensson Wikland
CEO CFO Global Development Global Brand Director CDO COO EVP of Head of Investor Global Human
Director & Producer (CEO 2011–2013) Communications Relations and Resources Director
Corporate
Communications
Selected
work
experience
Years of
relevant
experience 20 years 12 years 13 years 10 years 20 years 33 years 18 years 20 years 13 years
Slide / 33THANKS!
The Starbreeze team
Slide / 34You can also read
