Asamacubi

Ubisoft : Competition between PS4 & Xbox is positive, lots of publicity, lower prices. Volume will increase, good for game developers.
We’re optimistic on growth.

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

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 !!!

Free Cash Flow prediction by Ubisoft is quite high (€ 150 M)

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…En afficher davantage

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.

Ubisoft : There is a good window of opportunity for launching new titles with the new console cycle, but it also has risks.

Loooooooooooooooooooooooooooooong question…

Benchmark company now asking questions

There are also local costs in USD !
Therefore, Ubisoft has 50% upside on the dollar.
Most important COST currency = CANADIAN dollar, not USD !

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.

Ubisoft : 1.440 is not a minimum but is conservative, we feel comfortable with this.

Is 1.440 M a target or is it « AT LEAST » 1.440 M ?

Natixis not happy with guidance T4/ full year 2014/2015
🙂

Question round :
Natixis first

Rabbids invasion season 2 will be launched in US

Nickelodeon agreed for third season

Ac Movie
Released dec 21st 2016

Ubisoft has potential to produce NEW franchises, fully in house developed

Ubisoft wants a bigger share of the market next year

Connection lost….

Mobile revenue 1st 9 months : x 4 !