FY2022 Operating Results

May 10, 2023

DeNA Co., Ltd.

© DeNA Co., Ltd.

1

1. Financial Results Summary & Mid to Long Term Strategy Review

2

Financial Results Summary*

(billion yen)

FY2021

FY2022

FY2021

FY2022

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

QoQ

YoY

YoY

change

change

change

Revenue (IFRS)

34.1

34.0

31.0

31.7

34.8

36.4

30.2

33.5

11%

6%

130.9

134.9

3%

Operating profit (IFRS)**

5.5

7.9

2.2

-4.1

4.0

3.1

-2.0

-0.9

-

-

11.5

4.2

-63%

Operating profit (Non-GAAP)

4.7

5.1

1.3

-3.6

3.8

3.0

-1.7

-0.8

-

-

7.5

4.3

-42%

Finance income / costs (net)

2.8

-0.6

1.7

-0.2

6.9

1.7

-2.0

1.0

-

-

3.7

7.6

104%

Share of profit (loss) of associates

accounted for using the equity

9.4

2.9

0.8

1.1

-0.2

0.8

-0.4

1.5

-

37%

14.2

1.8

-88%

method***

Profit before tax

17.6

10.2

4.7

-3.1

10.7

5.6

-4.4

1.6

-

-

29.4

13.6

-54%

Profit for the period attributable to

14.5

8.2

4.0

3.9

7.1

3.9

-3.8

1.6

-

-59%

30.5

8.9

-71%

owners of the parent

EPS (Yen)

119.81

69.54

33.60

32.61

60.27

33.71

-33.24

14.07

-

-57%

256.45

76.78

-70%

Dividend Per Share (Yen)

39

20

-49%

Consolidated Dividend Payout

15.2%

26.0%

-

Ratio (%)

*For full reconciliation of IFRS to Non-GAAP metrics, the calculation process, Non-GAAP EBITDA, and Sports Business seasonality, please see the reference materials at the end

of the presentation.3 **In Q2 FY2021 recognized a gain on step acquisitions of 2.3 billion yen as a result of the acquisition of all the shares of IRIAM Inc.

***Includes a one-time gain of 4.4 billion yen due to the third-party allotment by GO Inc. (formerly Mobility Technologies Co., Ltd.) that was recognized in Q1 FY2021.

Financial Results Summary: Financial Results by Segment

(billion yen)

FY2021

FY2022

FY2021

FY2022

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

QoQ

YoY

YoY

change

change

change

Game

Revenue

18.8

20.0

17.2

18.7

15.8

16.9

14.1

17.2

22%

-8%

74.7

64.0

-14%

Operating profit/loss

3.3

3.1

2.1

3.1

1.7

2.3

1.6

4.0

147%

29%

11.6

9.6

-17%

Live streaming

Revenue

7.9

8.8

8.9

9.0

9.6

9.9

10.2

10.3

0%

15%

34.7

40.1

16%

Operating profit/loss

1.6

1.2

0.6

0.0

-0.2

-0.2

-0.1

-0.1

-

-

3.5

-0.6

-

Sports*

Revenue

5.8

3.6

2.8

2.4

7.9

7.9

3.0

2.1

-30%

-13%

14.7

21.0

42%

Operating profit/loss

1.0

-0.3

-1.3

-2.0

2.6

2.0

-1.8

-2.8

-

-

-2.6

-0.0

-

Healthcare

Revenue

0.4

0.7

1.1

0.9

0.7

1.1

2.0

3.2

59%

267%

3.0

7.0

133%

&

Operating profit/loss

-0.4

-0.2

0.1

-0.2

-0.2

-0.7

-0.9

-0.4

-0.6

-2.2

Medical**

-

-

-

New Businesses

Revenue

1.1

0.9

1.0

0.8

0.7

0.7

0.8

0.8

-3%

1%

3.9

2.9

-24%

and

Operating profit/loss

-0.1

-0.1

-0.0

-0.2

-0.2

-0.2

-0.2

-0.3

-0.3

-0.9

Others***

-

-

-

*See slide 21 for the seasonality of the Sports Business and status of matches for each quarter.

**PPA (a series of operations to allocate the acquisition cost to the assets and liabilities existing in the acquired company and record them in the consolidated financial statements) for DATA HORIZON and Allm was completed and the FY2022 portion of amortization of intangible assets, etc. was recognized in Q4 FY2022. Management accounting of the financial performance excluding this impact is shown on slide 18.

***The financial performance of Manga Box was excluded from segment performance from May 2021 when it became an equity method affiliate, 4 and the financial performance of Everystar was excluded from segment performance from December 2021 when all shares were transferred.

Financial Results Summary: Cost and Expense Breakdown

(billion yen)

FY2021

FY2022

FY2021

FY2022

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

QoQ

YoY

YoY

change

change

Change

Cost of Sales

16.0

16.1

16.3

16.6

17.4

18.4

17.2

17.8

3%

7%

64.9

70.8

9%

Personnel Expenses

1.6

1.5

1.9

1.9

2.0

2.2

2.4

2.1

-11%

13%

6.8

8.8

28%

Depreciation and amortization

0.7

0.8

0.9

1.0

0.8

0.9

0.9

0.9

-6%

-8%

3.3

3.5

5%

Outsourcing expenses

4.0

3.5

3.6

3.5

3.9

4.1

3.6

3.6

0%

3%

14.6

15.2

4%

Commission fees

7.2

7.9

7.4

7.7

7.9

8.3

7.7

8.1

5%

5%

30.1

32.0

6%

Others

2.6

2.5

2.5

2.6

2.7

3.0

2.6

3.1

19%

20%

10.1

11.4

13%

Selling, general, and administrative expenses

13.3

15.0

13.5

15.4

13.8

15.0

14.8

16.3

10%

6%

57.2

60.0

5%

Personnel Expenses

3.2

3.3

3.4

3.8

3.5

3.4

4.2

4.3

2%

13%

13.8

15.4

12%

Sales promotion & Advertising expenses

2.9

3.9

3.6

4.0

3.8

4.3

3.9

3.9

-1%

-4%

14.4

15.8

10%

Outsourcing expenses & Commission fees

5.4

6.2

5.2

5.9

4.8

5.7

4.8

5.3

11%

-11%

22.8

20.6

-10%

Others

1.7

1.5

1.3

1.7

1.7

1.6

2.0

2.9

48%

70%

6.3

8.2

31%

Other income*

1.0

5.0

1.0

0.1

0.5

0.1

0.2

0.4

129%

241%

7.1

1.3

-82%

Other expenses*

0.4

0.0

0.0

4.0

0.1

0.0

0.4

0.7

102%

-82%

4.4

1.2

-73%

Consolidated employee headcount**

2,133

2,183

2,204

2,194

2,294

2,589

2,854

2,951

3%

35%

2,194

2,951

35%

*Includes non-operating income / expenses and extraordinary income / expenses, excluding finance income / costs under Japanese GAAP

(e.g. Loss on sales / retirement of tangible / intangible assets).5 **The consolidated employee headcount from Q2 FY2022 onward includes DATA HORIZON CO., LTD., and from Q3 FY2022 onward includes Allm Inc.

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DeNA Co. Ltd. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 06:46:03 UTC.