These materials have been prepared by GRAVITY Co., Ltd. ("Gravity" or the "Company"). The statements contained in this presentation have not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in these materials. Neither the Company nor any of its affiliates, advisers or representatives accepts any responsibility whatsoever for any loss or damage arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. The presentations do not constitute an offer or invitation to purchase or subscribe for any shares or other securities of the Company and neither any part of the materials nor any information or statement contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.certain statements or other disclosure content in these presentation materials may include, in addition to historical information, "forward-looking statements" within the meaning of the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forwardlooking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project," or "continue" or the negative thereof or other similar words, although not all forward-looking statements will contain these words. These forward-looking statements are based on our current assumptions, expectations and projections about future events. All forward-looking statements involve risks and uncertainties that may cause our actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements, including, but not limited to, our ability to diversify revenue; our ability to collect, and in a timely manner, license fees and royalty payments from overseas licensees; our ability to acquire, develop, license, launch, market or operate commercially successful online games; our ability to compete effectively in a highly competitive industry; our ability to anticipate and access technological developments in our industry; our ability to recruit and retain quality employees as we grow; our ability to implement our growth strategies; and economic and political conditions globally. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the "SEC") including our annual report for the fiscal year ended December 31, 2017 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, including on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances. 2 c GRAVITY CO.,LTD. All rights reserved.
2019 2Q Updates 2019 사업전략 2019 2Q Analysis 01 02 03 04 05 06 07 08 09 10 Ragnarok M: Eternal Love 동남아신규서버 7 월 24 일오픈 Ragnarok M: Eternal Love 일본 Ragnarok M: Eternal Love 유럽 Ragnarok M: Eternal Love 중국 / 대만 / 한국 Episode 6 업데이트 Ragnarok M: First Love 2020 년목표로서비스준비중 RO IP 기반다양한장르의게임구축으로 IP 경쟁력강화 IP 라이선스사업및퍼블리싱서비스확대 Ragnarok IP 캐릭터사업확장 Operation Results Trend Revenues Breakdown Gravity Outlook 11 12 2019 년도 Major Upcoming Launchings Global Market Strategy Exhibits 01 02 03 회사개요재무제표자회사현황 3 c GRAVITY CO.,LTD. All rights reserved.
2019 2Q Updates 01 02 03 04 Ragnarok M:Eternal Love 동남아신규서버 7월 24일오픈 Ragnarok M: Eternal Love 일본 Ragnarok M: Eternal Love 유럽 Ragnarok M: Eternal Love 중국 / 대만 / 한국 Episode 6 업데이트
01 2019 2Q Updates Ragnarok M: Eternal Love 동남아신규서버 7월 24일오픈 Ragnarok M: Eternal Love 동남아신규서버사전예약 100 만돌파! 블랙핑크리사와 Ragnarok M:Eternal Love 동남아신규서버및에피소드 5.0 업데이트관련콜라보를진행하여사전예약 100 만을달성함 신규서버와 5.0 업데이트로전체적으로동남아랭킹상승 Ragnarok M:Eternal Love 신규서버오픈후, 동남아신규유저및 DAU 상승함 5 c GRAVITY CO.,LTD. All rights reserved.
02 2019 2Q Updates Ragnarok M: Eternal Love 일본 글로벌게임으로거듭난 Ragnarok M: Eternal Love, Ragnarok Masters 명칭으로 6 월 5 일에일본서비스순조로운시작! 다양한매체 TV 광고, 인터넷포탈광고, Youtube 이벤트, 오프라인마케팅등을통해지속적인마케팅진행중 브랜드마케팅 TV 광고등브랜드마케팅을통해 신규유저모객범위확대 6 c GRAVITY CO.,LTD. All rights reserved.
03 2019 2Q Updates Ragnarok M: Eternal Love 유럽 ( 일부지역제외 ), 터키, 러시아 TOP 10 Countries/Markets by Game Revenue (as of June 2019) (Unit: USD Billion) 36.9 36.5 전세계 Top 10 게임매출국가중유럽의 5 개국이포함되어있으며, 5 개국의합산시장규모는일본보다더큰규모를형성 19 전세계적으로사랑받는 Ragnarok M: Eternal Love를유럽에런칭함으로써글로벌에서의장기적인운영에전환포인트가될예정 2019년 3Q를목표로서비스준비중 6.2 6 5.6 4.1 2.8 2.7 2.7 런칭지역 : 유럽 ( 일부지역제외 ), 터키, 러시아에런칭예정 USA CHINA JAPAN KOREA GERMANY UK FRANCE CANADA SPAIN ITALY (Source: Newzoo 2018 Global Market Report) 서비스언어 : 영어 / 포르투갈어 / 스페인어 / 러시아어 / 독어 / 불어 / 터키어 / 중문간체예정 Ragnarok M: Eternal Love 를유럽국가로게임서비스확대선택과집중으로장기적인수익창출 7 c GRAVITY CO.,LTD. All rights reserved.
2019 2Q Updates 04 Ragnarok M: Eternal Love 중국 / 대만 / 한국 Episode 6.0 Update Episode 6.0 Update 주요내용 - 집꾸미기콘텐츠 마이홈 추가 - 신규성장콘텐츠 마이스터룬시스템 추가 - 신규직업 슈퍼노비스 추가 - 신규매직크리에이터 1 종추가 - 각직업군별신규 탈것 추가 - 신규지역 리히타르젠 추가 - 일정 : 6 월 26 일 중국 Episode 6.0 Update 대만 / 한국 Episode 6.0 Update - 한국 : 8 월 27 일 - 대만 : 하반기에업데이트및신규서버오픈예정 Ragnarok M:Eternal Love 대규모에피소드업데이트를통해컨텐츠다양화와확대 풍부한콘텐츠를제공하여휴면 / 이탈유저들이재유입될수있는새로운동기부여제공 리텐션향상 8 c GRAVITY CO.,LTD. All rights reserved.
2019 년사업전략 05 06 07 08 New Game, Ragnarok M: First Love 2020년목표로서비스준비중 RO IP 기반다양한장르의게임구축으로 IP 경쟁력강화 IP 라이선스사업및퍼블리싱서비스확대 Ragnarok IP 캐릭터사업확장
2019 년사업전략 05 New Game, Ragnarok M: First Love ( 애여초견 ) 2020 년목표로서비스준비중 Ragnarok M: First Love: 게임차별화포인트로 Ragnarok 고유의그래픽아이덴티티를계승한 MMORPG 컨텐츠구성 Ragnarok Originality 를충실히고증하고최신트렌드 UI/UX 적용 소개 - 기능적인면 ( 사다리타기, 날씨 / 시간변화등 ) 보강 - 유저의재미요소극대화 - 과금요소업데이트로매출견인기대 - 모바일환경상의조작편의성증대및자동화시스템구현 10 c GRAVITY CO.,LTD. All rights reserved.
06 2019 년사업전략 RO IP 기반다양한장르의게임구축으로 IP 경쟁력강화 RO IP 기반다양한장르의게임포트폴리오 Ragnarok M: First Love (MMORPG) 2020 년목표로서비스준비중 Ragnarok Web MMORPG (3D New Version): 2019 년 6 월 5 일대만 / 홍콩 / 마카오런칭 Project RTS (RPG): 2019 년하반기서비스예정 Ragnarok Spear of Odin (Action MORPG) (Ragnarok Dungeon Survivor): 2019 년하반기대만 / 홍콩 / 마카오서비스예정 RO Click H5(Idle Game): 2019 년 9 월글로벌런칭예정 RO H5 (MMORPG) 2019 년한국서비스예정 11 c GRAVITY CO.,LTD. All rights reserved.
07 2019 년사업전략 IP 라이선스사업및퍼블리싱서비스확대 Ragnarok Online 인도네시아직접서비스 The Color of Dream Fantasy, Latale (Mobile MMORPG) 일본서비스준비중 Ragnarok Online (MMORPG) 소개 : - Gravindo 서비스종료후 Gravity Game Link 에서재런칭예정 일정 : 2019 년 9 월인도네시아런칭목표 The Color of Dream Fantasy, Latale (Mobile MMORPG) 소개 : - 일본모바일게임시장에서어필할수있는귀여운캐릭터 - 남녀노소누구나즐길수있는간단하고편리한조작성 일정 : 2019 년하반기일본출시예정 12 c GRAVITY CO.,LTD. All rights reserved.
08 2019 년사업전략 Ragnarok IP 캐릭터사업확장 제 18 회캐릭터라이선싱페어 2019 참가하여라그나로크몬스터즈 (Ragnarok Monsters) 선보임 7월 17일 ~21일에열리는 제 18회캐릭터라이선싱페어 2019 를통해라그나로크온라인의몬스터를캐릭터로제작한라그나로크몬스터즈 (Ragnarok Monsters) 부스참가라그나로크 IP를활용한캐릭터, 이모티콘, 게임제작및상품, 출판등다양한부가사업확장다양한부가사업의글로벌전개에대한발판마련 13 c GRAVITY CO.,LTD. All rights reserved.
2019 2Q Analysis 09 10 Operation Results Trend Revenues Breakdown
09 2019 2Q Analysis Operation Results Trend 매출영업이익 ( 단위 : 백만원 ) 23,640 133,623 113,232 78,127 13,141 12,998 63,026 44,201 8,323 7,084 '18 2Q '18 3Q '18 4Q '19 1Q '19 2Q '18 2Q '18 3Q '18 4Q '19 1Q '19 2Q 15 c GRAVITY CO.,LTD. All rights reserved.
09 2019 2Q Analysis Operation Results Trend ( 단위 : 백만원 ) 당기순이익 현금및현금성자산 127,330 19,760 111,164 95,551 14,967 10,861 67,906 65,779 6,615 6,312 '18 2Q '18 3Q '18 4Q '19 1Q '19 2Q '18 2Q '18 3Q '18 4Q '19 1Q '19 2Q 16 c GRAVITY CO.,LTD. All rights reserved.
10 2019 2Q Analysis Revenues Breakdown 시장별매출비중 2018 4Q 2019 1Q 2019 2Q Taiwan/HK/Macau Korea/Japan/China Southeast Asia&others 2018 4Q~2019 1Q 에 Ragnarok M: Eternal Love 동남아시아, 북미 / 남미 / 오세아니아서비스로매출상승함현재는안정적인매출추이 17 c GRAVITY CO.,LTD. All rights reserved.
10 2019 2Q Analysis Revenues Breakdown 게임유형별매출비중 2018 4Q 2019 1Q 2019 2Q Mobile PC Others Gravity 가 Online PC 시장과 Mobile 시장에서안정적인매출확보 RO IP 를이용한글로벌시장에서의 One Source Multi 사업전개 18 c GRAVITY CO.,LTD. All rights reserved.
2019 Gravity Outlook 11 12 2019 년도 Major Upcoming Launchings Global Market Strategy
11 2019 Gravity Outlook Upcoming Launchings PC Ragnarok Zero Mobile Ragnarok M (MMORPG) Mobile Ragnarok: Spear of Odin (MO RPG) Mobile Mobile games based on Ragnarok IP Mobile Project RTS (RPG) Mobile Project K2 (Card RPG) HTML5 RO Click H5(Idle Game) HTML5 RO H5(MMORPG) 20 c GRAVITY CO.,LTD. All rights reserved.
12 2019 Gravity Outlook Global Market Strategy Russia and CIS Innova Europe China Shanghai The Dream X.D. Network Shanghai TA REN Network Technology Thailand Gravity Game Tech NeoCyon Korea Japan GungHo Gravity Game Arise Taiwan Gravity Communications U.S.A Gravity Interactive Electronics Extreme Indonesia Gravity Game Link Brazil 자회사 /Joint Venture 퍼블리셔 IP 사업파트너 21 c GRAVITY CO.,LTD. All rights reserved.
Exhibits 01 02 03 회사개요 재무제표 자회사현황
01 Exhibits 회사개요 설립연월일 2000 년 04 월 04 일 위치 대한민국서울 ( 본사 ), 대만타이페이 ( 지사 ), 미국캘리포니아 ( 지사 ) 태국방콕 ( 지사 ), 인도네시아자카르타 ( 합작회사 ) 일본도쿄 ( 지사 ) 종업원수 619 명 ( 자회사포함, 2019 년 2 분기기준 ) 사업분야 경영진 온라인게임 / 모바일게임등의개발및퍼블리싱사업 IP 라이센싱사업캐릭터사업및기타관련서비스 CEO 박현철 COO 요시노리기타무라 CFO 김흥곤 23 c GRAVITY CO.,LTD. All rights reserved.
02 Exhibits 재무제표 (In millions of KRW except share and per share data) 연결포괄손익계산서 (IFRS) Revenues 63,026 44,201 113,232 133,623 78,127 Online games subscription revenue 6,116 6,005 4,880 6,256 6,746 Online games royalties and license fees 3,208 2,961 2,768 3,720 2,832 Mobile games and applications 51,790 33,387 102,916 121,147 66,463 Character merchandising, animation and other revenue 1,912 1,848 2,668 2,500 2,086 Cost of revenues 43,150 29,806 91,304 101,237 56,858 Gross Profit 19,876 14,395 21,928 32,386 21,269 Total operating expenses 11,553 7,311 8,787 8,746 8,271 SG&A 9,470 5,602 5,921 6,665 5,733 R&D expenses 1,742 1,760 2,642 1,877 2,432 Other expenses (income) 341 (51) 224 204 106 Operating Profit 8,323 7,084 13,141 23,640 12,998 Finance income 892 58 533 1,062 1,141 Financial costs (573) 187 (323) (313) (102) Profit before income tax expense 8,642 7,329 13,351 24,389 14,037 Income Tax Expense 2,042 1,024 (1,606) 4,627 3,208 Profit for the period 6,600 6,305 14,957 19,762 10,829 Profit (loss) attributable to: Non controlling interest (15) (7) (10) 2 (32) Owners of the Parent Company 6,615 6,312 14,967 19,760 10,861 Earnings (loss) per share basic and diluted: 952 908 2,154 2,844 1,563 Earnings (loss) per ADS basic and diluted: 952 908 2,154 2,844 1,563 24 c GRAVITY CO.,LTD. All rights reserved.
02 Exhibits 재무제표 연결재무상태표 (IFRS) (In millions of KRW except share and per share data) Assets 108,198 98,756 173,174 198,031 168,236 Current Assets 101,137 90,956 160,168 181,789 150,706 Cash and cash equivalents 67,906 65,779 95,551 127,330 111,164 Account receivables, net 28,008 20,751 60,664 50,691 34,817 Others 5,223 4,426 3,953 3,768 4,725 Non Current Assets 7,061 7,800 13,006 16,242 17,530 Property and equipment, net 1,329 1,615 1,498 5,148 5,843 Intangible asset 520 526 1,163 1,022 1,687 Deferred tax assets 3,036 3,036 7,413 6,978 7,035 Other non-current financial assets 1,453 1,492 1,494 1,497 1,554 Others 723 1,131 1,438 1,597 1,411 Liabilities 54,119 38,418 97,622 102,440 61,778 Current Liabilities 48,043 33,532 93,521 97,303 57,417 Account Payables 29,028 18,720 71,928 75,127 38,350 Deferred Revenue 15,177 12,361 16,476 14,395 12,421 Others 3,838 2,451 5,117 7,781 6,646 Non Current Liabilities 6,076 4,886 4,101 5,137 4,361 Equity 54,079 60,338 75,552 95,591 106,458 Share capital 3,474 3,474 3,474 3,474 3,474 Capital surplus 27,164 27,140 27,141 27,140 27,140 Other components of equity (83) (118) 138 244 277 Retained earnings (Accumulated deficit) 24,126 30,438 45,405 65,165 76,026 Non-controlling interest (602) (596) (606) (432) (459) Total Liabilities and Equity 108,198 98,756 173,174 198,031 168,236 25 c GRAVITY CO.,LTD. All rights reserved.
03 Exhibits 자회사현황 26 c GRAVITY CO.,LTD. All rights reserved.
Investor Relations Contact Information 27 c GRAVITY CO.,LTD. All rights reserved.
그라비티는 RAGNAROK 를주축으로 최고의글로벌게임사로성장해나가겠습니다.