Investor

NEXON: Q3 2022 Investor Presentation


Q3 2022 INVESTOR PRESENTATION

Owen Mahoney President and CEO | Shiro Uemura CFO

Summary

Growth driven by our enhanced live operations capability as well as our new game development capability

GROWTH DRIVERS

OBJECT

REMARKS

1

Growth of the existing

virtual worlds

  • China Dungeon and Fighter
  • Korea maple story
  • FIFA ONLINE 41

Y/Y decline due to Q3 2021 high hurdle;

MAUs in October are back to their level of last year

MAU, paying users and ARPPU all Y/Y; Achieved the highest Q3 revenue recorded in 2020

MAU, paying users and ARPPU all Y/Y; achieved a third consecutive quarter of record sales

  • Dungeon and Mobile Fighter
  • HIT2
  • KartRider: Drift
  • THE FINALS

Generated constant income; add content and adjust game balance to grow the franchise

Exceeding expected performance through successful acquisition and excellent player retention

Development for a launch in 1H 2023

Excellent reception at the alpha test in September; focus on increasing content volume and polish ahead of beta test scheduled for Q1

North America and Europe

Embark titles and KartRider: Drift drive short term

western business growth

3

Market and platform

expansion

Mobile

The mobile momentum continues, driven by Dungeon and Fighter

Mobile and HIT2; mobile now represents 32% of our turnover

at T3; more to come in Q4 and 2023

Console

Embark titles and KartRider: Drift to drive console activity

1 Official titles are EA SPORTS™ FIFA ONLINE 4 (CP) and EA SPORTS™ FIFA ONLINE 4M (portable).

© 2022 NEXON Co., Ltd. All rights reserved.

3

Breakdown of revenue growth

More than half of our growth should come from existing virtual worlds

Y/Y Cumulative Revenue Comparison

(Unit: ¥ billion)

37.4

6.3

9.3

28.9

356.4

274.5

2021

Other existing

Mobile

2022

Q1-Q4

PC titles

Securities

Q1-Q4

(Top of the line)

Growth of the existing

New releases

virtual worlds

© 2022 NEXON Co., Ltd. All rights reserved.

4

Strength of Live Operation

The strength of our live operations continues to contribute to the growth of our three main franchises

Revenue

Earnings history for the last 12 months

Dungeon and Fighter1

maple story1

FIFA ONLINE 42

Time

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022 3

1

pc only

2 The official titles are EA SPORTS™ FIFA ONLINE 4 (CP) and EA SPORTS™ FIFA ONLINE 4M (portable).

3 until Q3 2022

© 2022 NEXON Co., Ltd. All rights reserved.

5

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Disclaimer

Nexon Co.Ltd. published this content on November 09, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on November 09, 2022 06:20:01 UTC.

Public now 2022

All news about NEXON CO., LTD.

2022 sales 358B
2,464 million
2,464 million
2022 net income 107B
733 million
733 million
Net cash 2022 577B
3,968 million
3,968 million
PER 2022 ratio 20.4x
2022 return 0.31%
Capitalization 2,134B
14,671 million
14,671 million
EV / Sales 2022 4.34x
EV / Sales 2023 3.55x
# of employees
Floating 45.4%


Duration :

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Medium consensus SURPASS
Number of analysts 14
Last closing price ¥2,464.00
Average target price ¥3,214.43
Average Spread / Target 30.5%