Enix

PCF Group Financial Results Presentation: 2020

The PCF Group 2020 financial results presentation outlines the company’s operational and fiscal performance, highlighting a period of significant growth driven by the successful release of the title Outriders.

• PCF Group achieved significant financial growth in 2020, with revenue reaching PLN 103.8 million (a 23.6% increase) and net profit surging 409.1% to PLN 24.6 million.
• Adjusted EBITDA rose by 76.7% to PLN 32.6 million, supported by a 730.5% increase in cash flow from operating activities.
• The company transitioned to a multi-project development model, with development revenue growing 89% through simultaneous work on Project Gemini for Square Enix and Project Dagger for Take-Two Interactive.

Consolidated Annual Report of PCF Group S.A. for 2020

PCF Group S.A. experienced a transformative fiscal year in 2020, characterized by significant corporate growth and the preparation for major international game releases.

• PCF Group S.A. achieved consolidated revenues of 95.5 million PLN and a net profit of 23.4 million PLN in 2020, driven primarily by work-for-hire contracts and milestone payments.
• The company successfully completed an initial public offering on the Warsaw Stock Exchange in late 2020 to fund a long-term strategy of diversifying its project portfolio.
• Development efforts in 2020 were centered on the final stages of the AAA title 'Outriders,' produced in collaboration with Square Enix.

PCF Group Annual Financial Report for the Fiscal Year Ended 31 December 2020

PCF Group S.A., a prominent video game developer headquartered in Warsaw, experienced a year of transformative growth and financial strengthening during the 2020 fiscal year.

• PCF Group achieved significant financial growth in 2020, with net profit increasing over twelvefold to 29.1 million PLN and total assets rising by 80% to 91.2 million PLN.
• Sales revenue grew by 75.8% to 83.5 million PLN, heavily reliant on a work-for-hire partnership with Square Enix for titles including Outriders and Project Gemini, which accounted for over 80% of total income.
• The company successfully executed an IPO on the Warsaw Stock Exchange and a subsequent Series B share issuance that raised 100.3 million PLN to fund international expansion.

Square Enix Holdings 1-3Q FY2021/3 Financial Results Briefing

Square Enix Holdings reported strong financial performance for the first three quarters of the fiscal year ending March 31, 2021, characterized by significant growth in its Digital Entertainment and Publication segments.

• Square Enix reported net sales of ¥253.6 billion and operating income of ¥41 billion for the first three quarters of FY2021/3, marking year-over-year increases of ¥63.9 billion and ¥13.3 billion, respectively.
• The Digital Entertainment segment drove growth with ¥203.5 billion in net sales, fueled by the profitability of HD titles like Final Fantasy VII Remake and Marvel's Avengers, as well as strong performance in mobile and browser games.
• Net income attributable to parent company shareholders fell by ¥800 million to ¥18.3 billion, primarily due to foreign exchange losses and extraordinary costs from pandemic-related operational suspensions.

Nexon FY2020 Q4 Earnings Conference Call: Q&A Summary

The Nexon FY2020 Q4 earnings conference call provides a strategic overview of the company’s performance, focusing on its transition from a traditional game developer to a virtual worlds operator.

• Nexon’s flagship title, Dungeon&Fighter in China, saw a 30% year-over-year sales decline in Q1 2021 and a significant drop in Monthly Active Users from 27.4 million in Q4 2019 to 17.3 million in Q4 2020.
• Management is pivoting the company's strategy from traditional game development to operating virtual worlds, treating existing intellectual property as long-term assets similar to physical theme parks.
• Future growth depends on three key upcoming releases: the mobile version of Dungeon&Fighter, KartRider: Drift, and an unannounced project from Embark Studios.

Square Enix Holdings Financial Results: Nine-Month Period Ended December 31, 2020

Square Enix Holdings reported strong financial growth for the nine-month period ending December 31, 2020, characterized by significant increases in net sales and operating income compared to the same period in the previous fiscal year.

• Square Enix reported a strong nine-month performance ending December 31, 2020, with net sales reaching 253.6 billion yen and operating income rising to 41.0 billion yen, a significant increase from 27.7 billion yen in the same period the previous year.
• The Digital Entertainment segment drove growth through major HD game releases like 'FINAL FANTASY VII REMAKE' and 'Marvel's Avengers,' alongside strong performance in smart device and PC browser titles such as 'DRAGON QUEST WALK' and 'DRAGON QUEST TACT.'
• The Amusement segment suffered a sharp decline, recording an operating loss due to COVID-19-related facility closures through mid-June 2020, with quarterly net sales bottoming out at 4.6 billion yen in Q1 FY2021/3.

Suplement Nr 1 do Prospektu PCF Group S.A.

This supplement serves as a formal update to the PCF Group S.A. prospectus, originally approved on November 25, 2020.

• Publisher Square Enix postponed the release of PCF Group S.A.'s shooter RPG Outriders from February 2, 2021, to April 1, 2021.
• The delay was a strategic marketing decision to launch a free playable demo on February 25, 2021, rather than a result of COVID-19-related operational disruptions.
• The schedule change necessitated formal revisions to the company's original November 25, 2020, prospectus, specifically impacting risk summaries and financial analysis sections.

Raport Bieżący Nr 1/2021

PCF Group S.A. issued a formal notification regarding a strategic adjustment to the release schedule for its high-profile title, Outriders.

• PCF Group S.A. and publisher Square Enix Limited delayed the global launch of the game Outriders from February 2, 2021, to April 1, 2021.
• The two-month delay is part of a revised marketing and distribution strategy intended to optimize the title's market entry.
• A free playable demonstration will be released on February 25, 2021, five weeks prior to the full launch date.

PCF Group S.A. Prospectus

PCF Group S.A., a Warsaw-based developer specializing in high-budget AAA shooter games, issued this prospectus to facilitate a public offering of up to 4,125,024 shares, comprising both existing Series A shares and newly issued Series B shares.

• PCF Group S.A. is launching a public offering of up to 4,125,024 shares on the Warsaw Stock Exchange to raise 85–95 million PLN for international expansion and new IP development.
• The company is transitioning toward a self-publishing model while continuing its work-for-hire partnerships with major publishers including Square Enix and Take-Two Interactive.
• Financial performance showed strong growth, with revenues increasing from 44.1 million PLN in 2017 to 83.9 million PLN in 2019, alongside a profitability surge in the first half of 2020.

Square Enix Holdings 2Q FY2021/3 Financial Results Briefing

Square Enix Holdings reported strong financial growth for the first half of the fiscal year ending March 31, 2021, driven primarily by robust performance in its Digital Entertainment segment.

Aiming Quarterly Report: Q3 10th Term

This quarterly report for Aiming Inc. covers the third quarter of the 10th fiscal year, spanning from July 1, 2020, to September 30, 2020.

Square Enix Holdings Financial Results: Six-Month Period Ended September 30, 2020

Square Enix Holdings reported strong financial growth for the six-month period ending September 30, 2020, characterized by a significant increase in net sales and operating income despite the global challenges posed by the COVID-19 pandemic.

• Square Enix reported strong growth for the six-month period ending September 30, 2020, with net sales reaching 172.7 billion yen, a 52 billion yen increase compared to the same period in 2019.
• Operating income rose to 31.6 billion yen, representing an 18.3% operating margin, up from 13.2% in the previous year's first half.
• The Digital Entertainment segment drove performance, with games for smart devices and PC browsers seeing significant gains from titles including 'DRAGON QUEST WALK,' 'WAR OF THE VISIONS: FINAL FANTASY BRAVE EXVIUS,' and 'DRAGON QUEST TACT.'