NC (036570) Investor presentation summary

Industry trends and market outlook

• Global games market projected to reach USD 236 billion by 2025, with mobile platforms comprising 46% of the market.

• MMO games market expected to grow to USD 75 billion by 2028, driven by MMORPG, MMORTS, and MMOFPS sub-genres.

• South Korea's games market reached USD 17.1 billion in 2022, with mobile games accounting for 59% and showing 19% growth over three years.

• South Korean games exports grew at 9% CAGR over four years, with significant opportunities in North America and Europe.

Corporate governance and operational structure

• Board consists of 7 members, emphasizing independence, diversity, and expertise.

• Ownership is diversified among retail, domestic and foreign investors, management, and institutional stakeholders.

• Development and publishing network spans Korea, North America, Europe, Taiwan, Japan, China, and Southeast Asia.

Financial performance highlights

• Q2 2024 sales were KRW 368.9 billion, down 7% qoq and 16% yoy; operating profit was KRW 8.8 billion, down 66% qoq and 75% yoy.

• FY 2023 sales were KRW 1,779.8 billion (down 31% yoy), with operating profit at KRW 137.3 billion (down 75% yoy).

• Net income for Q2 2024 increased 24% qoq and 133% yoy to KRW 71.1 billion.