Ubisoft : conference call
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Very good year start
Watch Dogs best launch ever, second best in America.
In house produced, fully owned by Ubisoft.
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AC + Watch Dogs in house developed = better for shareholders
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AC mixed, bad launch, but Ubisoft has provided patches.
Reviewer comments are now much better (after patch 4).
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JEAN nous boude , je le presserai au chômage « » » humour » » » bien content qu’il boss cette reniasse …
En français stp blubber
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Next year new AC-title with the same game engine as ACU !
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Far Cry 4 exceeded our expectations.
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The Crew : comments were a bit underwhelming at first, reception was positive
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Back Catalogue 182 mio euros
Digital sales : significant improvement
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Mobile revenu 1st 9 months : x 4 !
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Mobile revenue 1st 9 months : x 4 !
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Ubisoft has potential to produce NEW franchises, fully in house developed
Ubisoft wants a bigger share of the market next year
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Ac Movie
Released dec 21st 2016
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Rabbids invasion season 2 will be launched in US
Nickelodeon agreed for third season
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Question round :
Natixis first
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Natixis not happy with guidance T4/ full year 2014/2015
🙂
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Is 1.440 M a target or is it « AT LEAST » 1.440 M ?
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Ubisoft : 1.440 is not a minimum but is conservative, we feel comfortable with this.
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US dollar impact is still limited because it is an average rate of the first nine months, not the exchange rate now. But effect is positive.
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There are also local costs in USD !
Therefore, Ubisoft has 50% upside on the dollar.
Most important COST currency = CANADIAN dollar, not USD !
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Benchmark company now asking questions
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Loooooooooooooooooooooooooooooong question…
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Ubisoft : There is a good window of opportunity for launching new titles with the new console cycle, but it also has risks.
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Each time with transition to new console cycle, you have to make completely 100% new engines = difficult & costly.
ACU : was not perfect, but engine is now good, we can use it now for more games.
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Berenberg : Ebit guidance is a bit lower due to higher depreciation.
Ubi : accounting policy as such has not changed. Depreciation depends on number of games already sold and number of games still expected to sell.
But we depreciate a bit faster because the game cycle is faster.
(Ubisoft speeding up depreciation, which wheighs on results this year (but not next year))
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Free Cash Flow prediction by Ubisoft is quite high (€ 150 M)
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Exane : 1) Division ACU / ACR (which percentage was ACU and which ACR)
2) Currencies
3) Game release schedule next year ?
Ubisoft : 1) We do not disclose this info
2) USD and CAD was favorable
3) DETAIL ON PIPELINE IN MAY !!!
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BRYAN GARNIER :
1) Are there FIVE triple AAA games this year ?
2) Debt position ?
3) Growth ?
Ubisoft :
1) The Division, AC, Rainbow six, rest is for may (no confirmation)
2) 12 mio net debt at the start of the year, +150 mio net cash end this accounting year.
3) More growth due to more PC, more digital, console cycle is positive
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Ubisoft : Competition between PS4 & Xbox is positive, lots of publicity, lower prices. Volume will increase, good for game developers.
We’re optimistic on growth.
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Sales in emerging markets becoming more and more important.
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No more questions ?
Conference call ends….
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C’était en anglais, je suis désolé.
Tout le monde a compris (plus au moins) ?
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Je vais faire un petit résumé
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Merci pour le suivi Blubber.
J’arrive trop tard, je n’ai entendu que la dernière question…
Faudra que je réécoute tout ça.
Changerons pas ces guigui, toujours aussi conservateurs, mais bon, dur de leur reprocher, tellement compliqué de faire des projections…
On prévoit 1440 de CA, pas plus, mais on est confort……… 😀
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Le replay est déjà en ligne
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