1 / 10

Annual General Meeting 17 th May 2010

Annual General Meeting 17 th May 2010 2009 Review Executed change strategy in difficult times to focus on: Hosted casino Branded games Innovation Game development Major reduction in cost base and headcount Developed new revenue stream with branded games licensing

oshin
Download Presentation

Annual General Meeting 17 th May 2010

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Annual General Meeting 17th May 2010

  2. 2009 Review • Executed change strategy in difficult times to focus on: • Hosted casino • Branded games • Innovation • Game development • Major reduction in cost base and headcount • Developed new revenue stream with branded games licensing • Preserved leading position as developer of gaming content for fifth consecutive year • Now positioned to translate structural change into improved financial results 2

  3. Rebuilding Revenues • New strategy leverages core strength in casino • Hosting • Branded games licensing • Increased licensee base to over 30 • Hosted casino stabilising as industry conditions improve and impact of a customer loss recedes • Won 2 new hosted licensees in 2009 –with Betsafe to launch in the near future • Established branded games licensing as new revenue stream • Branded games revenue up over 800% to $2.8m • Number of licensed games launched increased to 66 from 3 3

  4. Our customers are leading brands 4

  5. Investing for the future • Launched CryptoLogic Centre of Innovation • Reduced time to market; strengthened games portfolio • Jenga • Two new football games to launch in time for World Cup • Deploying suite of 3D games • Signed licensing deals with DC Comics/Warner and Paramount to develop more global games based on popular characters • 47 new games added to product portfolio • Won industry award for best casino games for fifth consecutive year • Invested in enhanced gaming platform and virtual casino lobby 5

  6. Strategy for growth • Drive revenue in hosted casino • Rebrand and relaunch of virtual lobby complete • Strengthened operational management • Major advertising and marketing by key licensee underway • Betsafe to launch casino in the near future • Ramp-up branded games revenues • 108 games rolled out by licensee now generating revenue • 92 in backlog Customer categories are determined by average revenue per game 6

  7. Financial SummaryProfit & Loss • Declining revenues have been the concern • Revenues down from $61.5m to $39.8m • Long lead time to find and ramp up new licensees is now translating into revenues • Recurring costs are also down significantly - $20.6m • Revenue to be rebuilt, with continued focus on cost reduction 7

  8. Uses of cash & Balance Sheet • Cash management remains a priority for 2010 • Impairments and restructuring of $24.8m 8

  9. 2010 Outlook • Revenue outlook to improve gradually, driven by recent improvement in wagering activity and new licensees • Q2 revenue to date is ahead of the same period in the previous quarter • Branded games expected to gain momentum as more games come on stream • Number of new branded games launched by licensees to date currently at 108, with a backlog of 92 games   • CryptoLogic’s full Internet casino hosting suite for Betsafe.com to go live in the near future   • Continuing focus on costs 9

  10. Future of gaming • Online gaming set to grow long term • Gaming industry evolving to become part of entertainment experience • P2P and development of gaming communities • Mobile • 3D games 10

More Related