Playstudios (MYPS) The 14th Annual East Coast IDEAS Conference summary

Leadership and alignment

• Leadership team and board members are major shareholders, aligning interests with stock performance.

• CEO has significant industry experience, including as former president of Wynn Resorts and founder of companies sold to IGT.

• All employees are compensated with RSUs, incentivizing company-wide focus on share price appreciation.

Business model and diversification

• Transitioning from a social casino focus to a diversified portfolio with 19 games, including 11 casual titles.

• Casual games generate revenue through advertising, offering higher margins than in-app purchases.

• Recent acquisition of Brainium added 10 casual games, accelerating the shift toward higher-margin ad monetization.

Financial position and performance

• Holds $130 million in net cash, nearly 40% of market cap, and generates positive EBITDA and cash flow.

• 2024 EBITDA expected at $65–$70 million, with 30–40% cash conversion.

• Recently repurchased 10% of shares from Microsoft/Activision for $25 million, with ongoing buyback activity.

• EBITDA margins increased by 700 basis points last year, now at 20%, with a goal to reach peer levels of 30%+.