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Annual General Meeting 17 th May 2010

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AGM Presentation May 17 - PowerPoint PPT Presentation


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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
2009 review
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

rebuilding revenues
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

investing for the future
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

strategy for growth
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

financial summary profit loss
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

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

8

2010 outlook
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

future of gaming
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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