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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

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Presentation Transcript

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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


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    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


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    Our customers are leading brands

    4


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    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


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    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


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    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


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    Uses of cash & Balance Sheet

    • Cash management remains a priority for 2010

    • Impairments and restructuring of $24.8m

    8


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    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


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    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


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