Asiasoft Corporation PLC.

Asiasoft Corporation PLC.
Opportunity Day Q1/2011
19 May 2011
Agenda
Asiasoft Overview in Q1/2011
Performance Q1/2011
Next Step in Q2/2011
Page 2
New Game Launch : Domestic
GameOnline
Company
Type
CCU
GameOnline
Portion
Company
Type
CCU
Portion
TS Online 2
Onnud 20
MMORPG
14,150
67%
AIKA
Asiasoft
MMORPG
9,746
25%
Twelve Sky 2
Asiasoft
MMORPG
7,326
35%
Trickster
Vplay
MMORPG
7,000
18%
Runes of Magic
ORION
MMORPG
4,000
19%
Chinese Hero
Funbox
MMORPG
5,900
15%
Another day
Winner Online
FPS
2,002
9%
IRIS ONLINE
JAYA SOFT
MMORPG
5,800
15%
KARMA2
True Digital
Enterainment
FPS
903
4%
Prius Online
Golden Soft
MMORPG
5,000
13%
Level X
Winner Online
MMORPG
160
1%
ION [Loong Online]
Winner Online
MMORPG
4,000
10%
28,541
100%
World of Fighter
Winner Online
MMORPG
1,000
3%
Cosmic Break Online
Digicraft
MMORPG
263
1%
Super SpeeDa
Joy Telecom
Casual
143
0%
38,852
100%
Total
Total
•
9 Games were launched from 8 publishers in 1Q11 compared to 6 games launched from 5 publishers in 1Q10.
•
New game launch in 1Q11 accounted 12% from total CCUs compared to 9% in Q1/10
Page 4
The figures base on Max CCU end of Mar 10 & Mar 11
Summary Game of Group in Q1-2011
Company
Game Type
Launched
Postponed
Planned Q1/11
Planned 2011
MMORPG
CASUAL
MMORPG
CASUAL
MMORPG
CASUAL
MMORPG
CASUAL
ASC
1
-
-
-
1
-
4
3
Funbox
1
-
1
-
2
-
3
-
PlayThai
-
-
-
-
-
-
2
-
ASO
-
-
1
-
1
-
2
-
ASM
-
-
-
-
-
-
2
-
2
-
2
-
4
-
13
3
Total
• Funbox postponed 3Kingdoms Warrior launch in this quarter to launch in early Q2/2011 (1 Apr)
• ASO postponed AIKA launch in this quarter to launch in early Q2/2011 (12 Apr)
Page 5
Asiasoft Overview in Q1/2011 : Asiasoft
Page 6
Asiasoft Overview in Q1/2011 : Funbox
Page 7
Asiasoft Overview in Q1/2011: Thailand
Page 8
Summarized Group Performance
Unit: Million Baht
Q1-2010
Q4-2010
Q1-2011
% YoY
% QoQ
366.5
451.0
401.5
9.6%
(11.0% )
Domestic
265.2
305.0
281.1
6.0%
(7.8%)
Overseas
101.3
146.1
120.5
18.9%
(17.5%)
COGS
188.7
232.5
212.7
12.7%
(8.5% )
Gross Profit
177.7
218.5
188.8
6.2%
(13.6% )
48.5%
48.4%
47.0%
93.8
114.2
97.1
3.5%
(15.0% )
25.6%
25.3%
24.2%
83.9
104.4
91.7
9.3%
(12.1% )
22.9%
23.1%
22.8%
62.8
69.2
70.0
11.4%
1.1%
17.1%
15.3%
17.4%
Basic EPS (Baht)
0.21
0.23
0.23
Net Profit after Adjustment
62.8
82.4
81.3
29.4%
(1.3% )
17.1%
18.3%
20.3%
Revenue
< By Region >
% GP
SG&A
% SG&A
EBIT
% EBIT
Net Profit
% NP
% NP
Page 10
Proportion Domestic and Overseas
Overseas
28%
Overseas
30%
Domestic
72%
Domestic
70%
(Unit : million baht)
Total
Domestic
Overseas
388
228
160
415
254
161
389
420
269
276
120
144
451
415
345
361
351
243
245
234
102
116
117
277
138
366
359
363
265
251
262
101
108
102
402
305
146
281
120
Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011
Page 11
Core Revenue Breakdown
Page 12
Major Cost and SG&A Breakdown
Page 13
Net Profit Domestic and Overseas
(Unit : million baht)
78
46
68
48
Total
Domestic
Overseas
27
19
53
28
38
64
20
46
24
(1)
(3)
28
(10)
(7)
74
62
68
1
6
59
69
70
62
57
49
48
48
63
56
40
(9)
3
7
13
(14)
Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011
28%
19%
Domestic
Total
Overseas
12%
12%
12%
16%
22%
18%
12%
12%
16%
10%
6%
(1%)
23%
21%
13%
8%
11%
15%
17%
1%
(2%)
(10%)
(6%)
(8%)
27%
21%
5%
21%
20%
20%
16%
15%
17%
3%
5%
11%
(10%)
Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011
Page 14
Domestic
Summarized Performance-Domestic
Unit: Million Baht
Q1-2010
Q4-2010
Q1-2011
Revenue
265.2
305.0
COGS
115.9
Gross Profit
% GP
SG&A
% SG&A
EBIT
% EBIT
Net Profit
% NP
Net Profit after Adjustment
% NP
% YoY
% QoQ
281.1
6.0%
(7.8% )
137.4
137.2
18.4%
(0.1% )
149.3
167.6
143.8
(3.6% )
(14.2% )
56.3%
54.9%
51.2%
64.5
77.4
66.6
3.3%
(13.9% )
24.3%
25.4%
23.7%
84.8
90.2
77.2
(8.9% )
(14.4% )
32.0%
29.6%
27.5%
61.9
61.8
56.6
(8.5% )
(8.5% )
23.3%
20.3%
20.1%
61.9
73.7
67.9
9.8%
(7.8% )
23.3%
24.2%
24.2%
Page 16
New Game and Existing Game Growth
%Growth Q1/2011 from
Q1-2010
% Existing Game
% New Game
New Game Launch in
Quarter
Q4-2010
Q1-2011
Q1-2010
Q4-2010
96.2%
99.8%
90.2%
3.92%
(15.97%)
3.8%
0.2%
9.8%
187.83%
4,262.53%
12Sky2
Monster Forest
Chinese Hero Online /
AIKA
Page 17
Game Contribution
FPS
2.1%
Web Games
0.0%
Casual
Games
41.4%
MMORPG
56.4%
FPS
0.9%
Web Games
0.0%
Casual Games
30.6%
FPS
1.2%
Casual
Games
36.3%
Web Games
0.1%
MMORPG
68.5%
MMORPG
62.4%
Page 18
Performance of APAs & ARPU
Monthly ARPU
(baht)
Avg. APAs
(users)
250,000
600
500
200,000
400
150,000
300
100,000
200
50,000
100
APAs
1Q11
4Q10
3Q10
2Q10
1Q10
4Q09
3Q09
2Q09
1Q09
4Q08
3Q08
2Q08
1Q08
4Q07
3Q07
2Q07
1Q07
4Q06
3Q06
2Q06
0
1Q06
0
Monthly ARPU
• ARPU has improved constantly to 499 baht in 1Q11 from 494 baht in 4Q10 or
increased 1% QoQ or 24% YoY in the first quarter.
• In terms of paying accounts has decreased from last quarter to 171,779 or 9%
QoQ.
Page 19
Summarized Performance-Funbox
Unit: Million Baht
Q1-2010
Q4-2010
Q1-2011
% YoY
% QoQ
Revenue
11.6
10.1
26.7
130.1%
165.2%
Online
9.3
8.9
24.0
157.4%
169.1%
Distribution
1.8
0.6
0.9
(49.0%)
64.7%
Others
0.5
0.6
1.8
261.7%
199.3%
COGS
8.2
9.5
14.9
80.6%
56.7%
Gross Profit
3.4
0.6
11.8
251.3%
1,983.5%
29.0%
5.6%
44.3%
5.1
9.6
7.8
54.0%
(18.7% )
43.8%
95.6%
29.3%
(1.7)
(9.1)
4.0
332.3%
144.1%
(14.8%)
(90.0%)
15.0%
(1.3)
(8.7)
2.8
312.3%
132.2%
(11.4%)
(86.7%)
10.5%
(1.3)
(8.7)
3.1
331.2%
135.0%
(11.4%)
(86.7%)
11.5%
% GP
SG&A
% SG&A
EBIT
% EBIT
Net Profit
% NP
Net Profit after Adjustment
% NP
Page 20
Overseas
Summarized Performance-Overseas
Unit: Million Baht
Q1-2010
Q4-2010
Q1-2011
% YoY
% QoQ
101.3
146.1
120.5
18.9%
(17.5% )
COGS
72.8
95.1
75.5
3.7%
(20.6% )
Gross Profit
28.5
51.0
45.0
57.9%
(11.8% )
28.1%
34.9%
37.3%
29.4
36.8
30.5
3.8%
(17.1% )
29.0%
25.2%
25.3%
(0.9)
14.2
14.5
(1,687.9% )
(2.0% )
(0.9%)
9.7%
12.0%
0.9
7.4
13.4
1,311.4%
81.4%
0.9%
5.0%
11.1%
0.9
8.7
13.4
1,311.4%
53.2%
0.9%
6.0%
11.1%
Revenue
% GP
SG&A
% SG&A
EBIT
% EBIT
Net Profit
% NP
Net Profit after Adjustment
% NP
Page 22
New Game and Existing Game Growth
%Growth Q1/2011 from
Q1-2010
% Existing Game
% New Game
New Game Launch in
Quarter
Q4-2010
Q1-2011
100.0%
99.6%
100.0%
0.0%
0.4%
0.0%
Q1-2010
Q4-2010
25.71%
(19.53%)
-
(100.00%)
Battle of Immortal (SGO)
Page 23
Game Contribution
Casual
Games
11.8%
FPS
5.3%
FPS
10.7%
MMORPG
82.9%
Casual
Games
9.2%
MMORPG
82.8%
Casual Games
6.5%
FPS
10.9%
MMORPG
79.9%
Page 24
Performance of APAs & ARPU
Monthly ARPU
(baht)
Avg. APAs
(users)
80,000
1,000
70,000
900
800
60,000
700
50,000
600
40,000
500
400
30,000
300
20,000
200
10,000
100
APAs
1Q11
4Q10
3Q10
2Q10
1Q10
4Q09
3Q09
2Q09
1Q09
4Q08
3Q08
2Q08
1Q08
4Q07
3Q07
2Q07
1Q07
4Q06
3Q06
2Q06
0
1Q06
0
Monthly ARPU
• ARPU has improved constantly to 922 baht in 1Q11 from 790 baht in 4Q10 or
increased 17% QoQ or 33% YoY in the first quarter.
• In terms of paying accounts has decreased from last quarter to 41,868 or 31%
QoQ.
Page 25
Balance Sheet
Page 26
Balance Sheet Structure
Unit: THB Million
Assets
Liabilities
1,718
1,793
1,770
1,700
457
FY2007
Others
9%
FY2008
460
FY2009
1,273
497
FY2010
Cash
9%
Trade payable
9%
Other current
liabilities
11%
Equipment0%5%
5%
D/E Ratio 33.6%
398
1,240
D/E Ratio 39.1%
459
1,261
D/E Ratio 37.1%
856
D/E Ratio 36.3%
D/E Ratio 115.3%
Equity
1,342
450
Q1-2011
Others
4%
Def. revenue
54%
11%
2%
Def.Licensing
Fee
14%
ST-Investment
33%
A/R
12%
Ac.licensing
fee
7%
Ac. Corp.
Income Tax
15%
Page 27
Next Step in Q2/2011
Page 29
New Game Launch : Asiasoft Thailand
Page 30
New Game Launch : Asiasoft Thailand
Page 31
New Game Launch : Funbox
Page 32
New Game Launch : Asiasoft Singapore
Page 33
Next Step in Q2/2011
Page 34
Change in @ Café Membership & Payment
Page 35
Next Step in Q2/2011
Page 36
New Platform
Page 37
New Platform for Building Up Community
12 Games
100,000 CCU
5 Games
100,000 CCU
6 Games
25,000 CCU
4 Games
200,000 CCU
Page 38
New Platform for Building Up Community
Content
Support
Multi Languages
Play with SEA
FPS Gamers
Regional Service
PlayID
Page 39
New Platform
Page 40
Page 41
Next Step in Q2/2011
Page 42
Investment in Thaiware Comunication Co., Ltd.
Page 43
Investment in Indonesia
Page 44
Goal in 2011
Page 45