Net Profit Increase 6,877% from 2019

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Net Profit Increase 6,877% from 2019 Asiasoft Opportunity Day Group Performance-Year End 2020 CONTENT 2 01 Company Highlight 2020 02 Market and Industry outlook 03 Financial Highlight 04 Going Forward 05 Question and Answer 3 • Revenue reach Baht 1.34 Billion in 2020 Revenue increase 75% from 2019 • Gross Profit increase 101% from 2019 • Net Profit increase 6,877% from 2019 • 7 Games launch in 2020 (3 PC games, 4 Mobile games) Market and Industry outlook GAME INDUSTRY OUTLOOK AFTER PANDEMIC 5 The games market will to grow to $217.9 billion by 2023, representing a strong +9.4% CAGR between 2018 and 2023. Reference from www.Newzoo.com 2020 GLOBAL GAME MARKET AFTER PANDEMIC 6 Reference from www.Newzoo.com RISE OF MOBILE GAMING 7 Reference from www.visualcapitalist.com SEA GAME MARKET STATISTICS 2020 8 Statistics (by Million) Indonesia Philippines Vietnam Thailand Malaysia Singapore Population 273.5 100% 109.6 100% 97.3 100% 69.8 100% 32.4 100% 5.9 100% Online Population 174.1 64% 73.1 67% 56.0 58% 44.0 63% 28.1 87% 5.2 88% Game Enthusiasts 147.2 54% 66.4 60% 51.5 53% 39.5 57% 23.6 73% 4.2 71% Gamer (2020) 134.0 49% 63.3 58% 48.9 50% 37.2 53% 22.6 70% 3.9 67% Reference from www.Newzoo.com SEA GAME MARKET STATISTICS 2020 9 Unit: Population in Million 140 M 131 M 120 M 112 M 100 M 100 M 80 M PC Gamer 62 M Mobile Gamer 60 M Console Gamer 53 M 48 M 45 M 39 M 40 M 34 M 36 M 31 M 26 M 22 M 20 M 18 M 15 M 4 M 3 M 3 M M Indonesia Philippines Vietnam Thailand Malaysia Singapore Reference from www.Newzoo.com VIDEO GAMES USER 10 Reference from https://datareportal.com Financial Highlight GROUP PERFORMANCE Q4 COMPARISON 12 Unit : Million THB Q4/19 Q3/20 YTD 19 Q4 Q3 Q4 YTD YTD Items vs vs vs 2019 2020 2020 2019 2020 Q4/20 Q4/20 YTD 20 Revenue from Sales & Services 207.9 366.4 329.8 ▲59% ▼10% 762.4 1,336.2 ▲75% Cost of Sales & Services (105.1) (153.9) (148.2) ▲41% ▼4% (385.9) (579.8) ▲50% Gross Profit 102.7 212.6 181.5 ▲77% ▼15% 376.6 756.5 ▲101% Gross Margin 49% 58% 55% ▲6% ▼3% 49% 57% ▲7% SG & A Expense (90.2) (93.4) (102.9) ▲14% ▲10% (322.3) (372.7) ▲16% SG&A% 43% 25% 31% ▼12% ▲6% 42% 28% ▼14% Other Revenues 0.3 7.1 6.4 ▲2464% ▼10% 5.2 18.0 ▲247% EBIT 12.8 126.3 85.1 ▲565% ▼33% 59.4 401.7 ▲576% % EBIT 6% 34% 26% ▲20% ▼9% 8% 30% ▲22% Interest (0.3) (0.3) (0.3) ▲4% ▲7% (1.1) (1.3) ▲10% Tax (2.7) (7.4) (11.5) ▼317% ▲55% (0.2) (24.4) ▼15043% Share of other comprehensive income in associates (0.5) 1.5 (0.0) ▼92% ▼103% (0.4) 1.6 ▼494% EBT (excl one time) 9.2 120.1 73.3 ▲694% ▼39% 57.7 377.7 ▲554% One Time Expenses (5.8) 0.0 (8.0) ▲39% - (55.1) (37.6) ▼32% Loss on Impairment & write off intangible assets 0.0 0.0 (8.0) - - 0.0 (17.6) - Allowance for doubtful account 0.0 0.0 0.0 - - 0.0 (20.0) - Loss from Litigation (5.8) 0.0 0.0 ▼100% - (55.1) 0.0 ▼100% Net Profit 3.5 120.1 65.3 ▲1790% ▼46% 2.6 340.1 ▲12777% Non-Controlling Interest (11.3) 16.6 (0.0) ▲100% ▼100% (1.7) 33.1 ▲2035% Net Profit attribute to Owners of the parent 14.8 103.5 65.3 ▲343% ▼37% 4.35 307.0 ▲6877% % Net Profit 7% 28% 20% ▲13% ▼8% 1% 23% ▲22% Revenue Structure 13 YTD 37% 36% 40% 52% 54% 63% 64% 60% 48% 46% Q4/19 Q3/20 Q4/20 2019 2020 Revenue by Market 14 Unit : Million THB 400 350 YTD 1,500 300 134 118 1,200 250 529 200 900 150 108 600 411 232 100 212 808 300 50 100 352 0 0 2019 2020 Q4/19 Q3/20 Q4/20 Overseas 112% Q4/19-Q4/20 Overseas 9% Q3/20-Q4/20 Overseas 130% YTD19-YTD20 Domestic 9% Q4/19-Q4/20 Domestic 12% Q3/20-Q4/20 Domestic 29% YTD19-YTD20 Revenue by Country 15 Unit : Million THB YTD Thailand 29%YTD19-YTD20 2019 2020 600 529 Singapore 230%YTD19-YTD20 500 411 408 400 Philippines 84% YTD19-YTD20 300 218 Malaysia 73% YTD19-YTD20 200 174 124 127 101 100 Indonesia -% YTD19-YTD20 0 8 0 Thailand Singapore Philippines Malaysia Indonesia PC vs Mobile 16 9% 7% PC 24% Mobile 76% 93% 91% Q4/2019 Q4/2020 Q3/2020 YTD 11% 28% 72% 89% 2019 2020 COGS / Total Sales 17 Unit : Million THB COGS COGS/Total Sales 200 70% 51% 47% 42% 50% 150 30% 100 10% 154 156 (10)% 50 105 (30)% 0 (50)% Q4/19 Q3/20 Q4/20 COGS 49% Q4/19-Q4/20 COGS 2% Q3/20-Q4/20 COGS/Sales 3% Q4/19-Q4/20 COGS/Sales 5% Q3/20-Q4/20 ** Note : COGS included One Time Items ** SG&A / Total Sales 18 Unit : Million THB SG&A SG&A/Total Sales 150 70% 46% 50% 31% 25% 100 30% 10% 50 96 93 103 (10)% (30)% 0 (50)% Q4/19 Q3/20 Q4/20 SG&A 7% Q4/19-Q4/20 SG&A 10% Q3/20-Q4/20 SG&A/Sales 15% Q4/19-Q4/20 SG&A/Sale 6% Q3/20-Q4/20 Net Profit 19 Unit : Million THB Net Profit Net Profit Margin 125 40% 28% 30% 20% 100 20% 7% 10% 75 0% (10)% 50 103 (20)% 65 25 (30)% (40)% 15 0 (50)% Q4/19 Q3/20 Q4/20 %Net Profit 343% Q4/19-Q4/20 %Net Profit 37% Q3/20-Q4/20 HISTORICAL NET PROFIT 20 3 Years Historical Performance 350 0.8 0.75 300 0.7 0.6 250 0.5 Net profit (loss Without one-time) 200 0.4 Net profit (loss) 150 EPS 0.3 EPS (Without one-time) 100 0.14 307.04 0.2 55 50 0.1 14.01 0.03 4.35 0 0 0.01 2018 2019 2020 * Without one-time expense in 2019 related to litigation(Baht 55 MN), the net profit equal to Baht 59.35 MN and the EPS equal to 0.14 Baht per share NET CASH FROM OPERATING 21 Unit : Million THB 600 502.3 500 400 300 200 100 60.55 -14.43 0 2018 2019 2020 -100 EQUITY & RETAIN EARNING AS OF 31 DEC 2020 22 Unit : Million THB Consolidate Separate Items 31/12/2020 31/12/2020 Authorized capital 286.42 286.42 Par Value 0.50 0.50 Paid Up Capital 208.90 208.90 Retain Earning (Deflecit) 254.96 141.19 Other Component of Shareholders'equity -20.46 5.33 Equity Attributable to owners of the parent 443.40 335.43 % to Paid Up Capital 212.3% 160.6% SIGNIFICANT FINANCIAL RATIO 23 Financial Ratio 2018 2019 2020 Liquidity ratio 1.04 1.11 2.40 Gross margin (%) 40.90 49.39 56.58 Net profit (%) 2.33 0.57 25.45 ROE (%) 10.98 3.45 76.71 ROA (%) 3.81 1.18 41.82 D/E Ratio 1.44 2.09 0.72 P/E 22.82 21.79 7.73** P/BV 3.22 4.54 6.4** EPS 0.03 0.01 0.75 ** Price on 30 Dec 2020, 5.80 Baht GOING FORWARD 24 • Plan to release new 4 PC & 8 Mobile games in 2021 • Focus on Mobile Game to diversify company portfolio and expect 35% of total revenue in 2021 • Acquire strong IP and high-quality games to increase opportunity of success Expand to new and high potential markets • Vietnam • Indonesia QUESTION & ANSWER THANK YOU.
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