Annual Report

ANNUAL REPORT

1111 A statement from Yves Guillemot

In 2010-2011, Ubisoft won over new market share in all territories and strengthened its position as 3rd independent publisher. Our sales were carried by the success of our dance titles and the performance of Assassin’s Creed Brotherhood. Ubisoft also confirmed its position as a key partner among console makers, establishing itself as 1st independent publisher on Kinect™, Wii™ and the 3DS™.

Ubisoft has also continued to reorganize its On the high-definition market, Assassin’s Creed studios, and abandoned some projects in order Brotherhood last year proved that we are capable to concentrate on titles with stronger market of releasing a very high quality franchise on potential, which translated into a net loss of a yearly basis, and establishing our brands in € 52 million. Nevertheless, we have managed multiplayer. Our objective is to reproduce this to reinforce our financial position with annual success with other brands and reinforce ties with sales up 19.3% to € 1,039 million, a net operating players. The year 2011-2012 will be marked by income* of € 29 million and a positive cash flow of a line-up particularly rich in key franchises, and € 99.2 million. which reaches a wider audience.

Combined with investments made over the past It includes, among others, Assassin’s Creed few years, mainly in our key franchises and online, Revelations, Driver San Francisco, Ghost Recon these results have put Ubisoft in a position of Future Soldier, Rayman Origins, the adaptation of profitable growth for the coming years. For this the Tintin film as well as Child of Eden and Raving reason, we will continue to pursue our strategy Rabbids on Kinect™. Almost all of these games will based on three key pillars: high-definition titles, offer robust multiplayer modes. Uplay will also casual games and online games. offer our consumers additional online services and content, as well as the possibility to pursue their gaming experience wherever they may be. Our high-definition titles will gradually become a strong source of recurring digital revenue.

*excl. share-based payments Casual continues to be a high-potential market, and we proved this once again last year with the success of Just Dance and Michael Jackson The Experience. Our objective is to strengthen our leadership position on the Wii™ and also on the Kinect™ and Move platforms. We also aim to offer even more accessible experiences on new consoles such as 3DS™, and with innovative titles like Rocksmith. Above all, we’re continuing to study new technologies and our consumers’ needs in order to anticipate trends which will shape the casual market of tomorrow.

Finally, we will continue to grow our online Ubisoft celebrates its 25th anniversary this segment. We will capitalize on the experience year, marking 25 years of passion, innovation we accumulated last year and look to our key and challenges. And this is just the beginning! franchises to launch several hardcore and casual Recent revolutions such as the growing importance titles. We will thus continue to develop Settlers of social components and “Game as a Service” Online and CSI Crime City and will launch more make our job even more exciting. They give us the new free-to-play titles, in particular Ghost Recon possibility to get even closer to our consumers, Online for gamers, and Imagine for young girls. We and provide them with even stronger gaming will also be launching a new opus of Trackmania, experiences. the leading online car-racing game. The energy of Ubisoft’s teams and their desire to win make me confident of our future success. I’d like to thank teams for their commitment, and also thank our shareholders, partners and clients for the trust they’ve shown us over the past 25 years.

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