#1nexters Q3 2021 Financial Results Nexters Global 17 November 2021 ALGE ?#2Disclaimer Forward-looking statements Certain statements in this presentation may constitute "forward-looking statements" for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The forward-looking statements contained in this presentation are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are the Company's control) or other assumptions. You should carefully consider the risks and uncertainties described in the "Risk Fac-tors" section of the registration statement on Form F-1 filed by the Company on September 22, 2021 and other documents filed by the Company from time to time with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to up-date or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. nexters Non-IFRS Financial Measures This presentation contains certain financial measures that are not prepared in accordance with International Financial Reporting Standards as promulgated by the International Standards Accounting Board ("IFRS") and that may be different from non-IFRS financial measures used by other companies. These non-IFRS financial measures and other measures that are calculated using these non-IFRS financial measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to operating income, net income or any other performance measure derived in accordance with IFRS. Nexters believes that these non-IFRS measures of financial results (including on a forward-looking basis) provide useful information to investors about Nexters. Nexters' management uses forward-looking non-IFRS measures to evaluate Nexters' projected financial and operating performance. However, there are a number of limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents. For example other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore Nexters' non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Additionally, to the extent that forward-looking non- IFRS measures are provided, they are presented on a non-IFRS basis without reconciliation of such forward-looking non-IFRS measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. Due to rounding, numbers presented throughout this document may not sum precisely to the totals we provide, and percentages may not precisely reflect the absolute figures The figures in this document are unaudited 2#3Key operating and non-IFRS metrics used in the presentation nexters In this presentation, we use a number of key operating and non-IFRS financial metrics which we believe accurately, in material aspects, reflect the principal parameters of our historic and projected performance. For further information, regarding our operating metrics, see the registration statement on Form F-1 filed with the SEC. Operating metrics Monthly active users (MAUS) are the number of individuals who played a particular game in the 30-day period ending with the measurement date Daily active users (DAUS) are the number of individuals who played one of our games during a particular day Monthly paying users (MPUs) are the number of individuals who made a purchase of a virtual item at least once on a particular platform in the 30-day period ending with the measurement date Non-IFRS measures X Monthly Payer Conversion is the total number of MPUS, divided by the number of MAUS Average Bookings Per Paying User (ABPPU) is the total Bookings attributable to in-game purchases in a given period, divided by the number of months in that period, divided by the average number of MPUS during the period Bookings are sales contracts generated from in-game purchases and sales of advertisement in a given period 3 Adjusted costs and expenses. The Company defines Adjusted costs and expenses as the total of platform commissions, game operating costs, selling and marketing expenses and general and administrative expenses for the period as shown in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) share- based compensation expense, (ii) net change in deferred platform commission fees, (iii) impairment of non-current assets, (iv) any gains and losses arising as result of business combinations and (v) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total costs and expenses excluding depreciation and amortization as an indicator of operating performance as determined in accordance with IFRS Adjusted Net Income/Loss. The Company defines Adjusted Net Income/Loss as the Net Income/Loss as presented in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) share-based compensation expense, (ii) impairment of non-current assets, (iii) any gains and losses arising as result of business combinations (including the amortisation of intangible assets acquired in the business combinations and transaction costs related to the business combinations) and (iv) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted net income is a non-IFRS financial measure and should not be construed as an alternative to Net Income/ Loss as an indicator of operating performance as determined in accordance with IFRS#4Key Highlights#53Q 2021 highlights and recent developments boost Strong growth across platforms and geographies Desktop platforms grew by 55% YoY Asia region grew by 95% YoY Advertisement revenue more than doubling YoY and comprising 6% of total bookings Launched the Nexters Boost program - M&A initiative with focus on early-stage game development studios Chibi Island officially released on iOS and Android Throne Rush officially released on Web nexters. $151m Bookings in 3Q 2021 +29% YOY 371k MPU in 3Q 2021 +30% YoY $128 ABPPU in 3Q 2021 -3% YoY#6Key financial highlights (1/2) $m Revenue 65 Q3 2020 $m Net Income/ Loss -11 +77% 115 Q3 2021 -104 Q3 2021 $m Operating Cash Flow $m 32 Q3 2020 +59% Adjusted Net Income/ Loss (¹) -11 Q3 2020 51 Q3 2021 8 00 Q3 2020 Source: Company information 61) The Company defines Adjusted Net Income/Loss as the Net Income/Loss as presented in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) share-based compensation expense, (ii) impairment of non-current assets, (iii) any gains and losses arising as result of business combinations (including the amortisation of intangible assets acquired in the business combinations and transaction costs related to the business combinations) and (iv) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted net income is a non-IFRS financial measure and should not be construed as an alternative to Net Income/ Loss as an indicator of operating performance as determined in accordance with IFRS Q3 2021 nexters Revenue of $115m, up 77% YOY, driven primarily by bookings growth X Operating cash flow of $51m, up 59% YOY, demonstrating the increased efficiency and cash generation capacity of our business Adjusted Net Income of $8m compared to Adjusted Net Loss of ($11m) in Q3 2020#7Key financial highlights (2/2) $m Total Costs and Expenses, Excluding D&A 76 Q3 2020 . $m Selling and Marketing Expenses +21% +204% 53 231 Q3 2021 64 Q3 2021 $m Adjusted Costs and Expenses (¹) (2) 90 Q3 2020 $m G&A Expenses 0,3 +24% Q3 2020 112 Q3 2020 Source: Company information 1) The Company defines Adjusted costs and expenses as the total of platform commissions, game operating costs, selling and marketing expenses and general and administrative expenses for the period as shown in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) share-based compensation expense, (ii) net change deferred platform commission fees, (iii) impairment of non-current assets, (iv) any gains 7 and losses arising as result of business combinations and (v) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total costs and expenses excluding depreciation and amortization as an indicator of operating performance as determined in accordance with IFRS 2) Excluded non-cash non-recurring share listing expense in the amount of $125 million resulting from the accounting for merger with Kismet Acquisition One Corp. Q3 2021 Q3 2021 nexters X Total costs and expenses, excl. D&A of $231m, up 204% YoY mostly due to the growth of selling and marketing expenses and non-cash non-recurring share listing expense in the amount of $125 million resulting from the accounting for merger with Kismet Acquisition One Corp Adjusted costs and expenses of $112m, up 24% YoY which is mostly driven by the increase of selling and marketing expenses with investments into the user acquisition Selling and Marketing expenses of $64m, up 21% YoY. Our selling and marketing expenses came back to the normalized level after the record high investments in User Acquisition in Q2 2021 Growth of other G&A were largely associated with growth of headcount by more than 60% and one-off costs linked to going- public status#8Updated guidance for 2021 (A) Bookings $ million 443 2020 560-570 2021 Management profitability measure = (A) - (B) (B) Adjusted costs and expenses (¹) $ million 312 2020 455-465 2021 8 1) The Company defines Adjusted costs and expenses as the total of platform commissions, game operating costs, selling and marketing expenses and general and administrative expenses for the period as shown in the Company's financial statements in accordance with IFRS, adjusted to exclude (i) share-based compensation expense, (ii) net change in deferred platform commission fees, (iii) impairment of non-current assets, (iv) any gains and losses arising as result of business combinations and (v) certain non-cash or other special items that we do not consider indicative of our ongoing operating performance. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total costs and expenses excluding depreciation and amortization as an indicator of operating performance as determined in accordance with IFRS nexters . Change in bookings guidance being driven by lower platform commissions forecast by equal amount Lower adjusted costs and expenses guidance due to decrease in platform commissions partially offset by increase of selling and marketing expenses due to more heavy investments in UA to benefit further periods#9Key Operating Highlights '000 users Monthly paying users (¹) 200 (1) (2) 286 Q3 2020 +30% 371 $/month Q3 2021 Average bookings per paying user (2) 132 ill -3% Q3 2020 128 Q3 2021 $m Bookings 117 Q3 2020 +29% 151 Source: Company information The Company defines Monthly Paying Users, or MPUS, as the number of individuals who made a purchase of a virtual item at least once on a particular platform in the 30-day period ending with the measurement date; Quarterly MPU is the average of MPUs for each month for the respective quarter The Company defines Average Bookings Per Paying User, or ABPPU, as its total Bookings attributable to in-game purchases in a given period, divided by the number of months in that period, divided by the average number of MPUS during the period Q3 2021 nexters Monthly Paying Users of 371k, up 30% YoY due to our substantial investments in marketing in 2021 X Average bookings per paying user of $128, down 3% YoY due to massive inflow of new payers with lower checks in the beginning of their lifespan Bookings of $151m, up 29% which reflects strong dynamics of both MPU and ABPPU across all geographies and platforms#10Diversification across key platforms and geographies $m Bookings by platform (¹) Mobile Desktop 10 117 75% 25% Q3 2020 +29% 151 70% 30% Q3 2021 20% 55% Source: Company information 1) For platform and geography splits corresponding shares in management accounts were used $m Bookings by geography (¹) US Europe 117 37% 23% 17% 15% 8% Q3 2020 Asia +29% FSU 151 30% 21% 26% 13% 10% Q3 2021 Other 5% 19% 95% 11% 67% nexters There is a strong growth in bookings across all key platforms and geographies which makes our bookings profile more diversified, reducing dependence on specific markets Desktop platforms have especially strong performance with 55% YoY growth in 3Q 2021 on the back of increased investments in UA. Desktop bookings mostly derive from proprietary Web platform which offers lower platform commission X Bookings from Asia nearly doubled YOY in 3Q 2021 (with 26% share) which is in line with our regional expansion strategy with focus on this region Bookings from Other geographies are mostly driven by developed markets outside of Asia and Europe#11Improving engagement and payer conversion DAU '000 users 1,024 MAU '000 users 889 11 863 5,344 808 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 5,600 Source: Company information +20% 7,665 I Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 975 4,101 -5% 1,198 6,075 1,037 7,573 5,315 Q3 2021 DAU/MAU % 13% Q1 2020 4% MPU/MAU % 17% Q1 2020 Q2 2020 5% Q2 2020 15% Q3 2020 5% Q3 2020 20% Q4 2020 7% Q4 2020 16% 2021 Q2 2021 5% 16% Q1 2021 5% Q2 2021 20% Q3 2021 7% Q3 2021 nexters Engagement and conversion metrics gaining momentum despite post-Covid months X Sequential decline in MAU and DAU driven by seasonal factors as well as lower UA investments#12Strong pipeline to strengthen platforms & genre diversification nexters Chibi IslanD Officially released in July Active work with optimization cycles Reached main metrics below 1.4m Total installs in 1-3Q 2021 ~280k $200- 300k 12 +40% MAU in 3Q 2021 Average monthly bookings during 3Q 2021 Increased average playing session Source: Company information 1) For desktop share corresponding shares in management accounts were used THRONE BISH Released Web version in October Experimental step to re-launch the game on Web Increasing our platforms diversification Total Desktop %(¹) Total Desktop %(¹) in 9M 2020 in 9M 2021 23% Commissions % in 9M 2020 29% 32% Commissions % in 9M 2021 27% Other new titles Puzzle Island To be launched November under a new name Very promising metrics on retention and monetization Riddle Island In the final development stage-added a lot of new content Target tech launch around year end#13S Appendix#14Balance Sheet ($ in thousands) Assets Non-current assets Property and equipment Intangible assets Goodwill Long-term deferred platform commission fees Right-of-use-assets Deferred tax assets Total non-current assets Current assets Trade and other receivables Loans receivable Cash and cash equivalents Prepaid tax Total current assets TOTAL ASSETS Liabilities and shareholders' equity Equity Share capital Other reserves Accumulated deficit Total equity Non-current liabilities Lease liabilities - non-current Long-term deferred revenue Share warrant obligations Total non-current liabilities Current liabilities Short term loans Lease liabilities - current Trade and other payables Tax liability Deferred revenue Total current liabilities Total liabilities TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Q3 2021 1 098 145 1473 113 185 1430 7 117 338 47 669 105 453 3 213 156 335 273 673 163 882 (342 496) (178 614) 541 119 398 18 472 138 411 860 30 299 620 282 097 313 876 452 287 273 673 FY 2020 (¹) 171 76 89 588 1044 90 879 32 974 8 84 557 3 137 120 676 211 555 27 8 289 (110 513) (102197) 818 79 221 80 039 49 293 17 503 306 215 562 233 713 313 752 211 555 14 Source: Company information (1) Reflects a correction to the amount reported in Nexters Global's (subsidiary) audited consolidated statement of financial position as at December 31, 2020 due to the identification of an immaterial error relating to the calculation of withholding taxes. For further information, see Note 4 (Use of judgements and estimates-Immaterial error). nexters.#15Profit and Loss Statement ($ in thousands) Revenue Costs and expenses, excluding depreciation and amortization. Cost of revenue: Platform commissions Game operation cost Selling and marketing expenses General and administrative expenses Share listing expense Total costs and expenses, excluding depreciation and amortization Depreciation and amortization Loss from operations Net finance income Income/(loss) before income tax Income tax expense Income/(loss) for the year net of tax Other comprehensive income/(loss) Total comprehensive income/(loss) for the year net of tax Earnings/(loss) per share: Basic and diluted earnings/(loss) per share, US$ 9M 2021 311510 (84 707) (12 997) (219 154) (13 695) (125 438) (455 991) (1713) (146194) 11 544 (134 650) (845) (135 495) (392) (135 887) (0.76) 9M 2020 (¹) 186 535 (54196) (11 471) (126 392) (869) (192 928) (395) (6 788) 348 (6440) (612) (7052) 3 (7 049) (0.04) Q3 2021 115 177 (30 717) (4 838) (63 682) (6 057) (125 438) (230 732) (645) (116 200) 12 791 (103 409) (291) (103 700) (142) (103 842) (0.56) Q3 2020 (¹) 64 500 (18 422) nexters.. (4220) (53 039) (306) (75 987) (163) (11 650) 702 (10 948) (223) (11 177) 1 (11 170) (0.06) 15 Source: Company information (1) Reflects a correction to the amount reported in Nexters Global's (subsidiary) audited consolidated statement of profit or loss and other comprehensive income for the year ended December 31, 2020 due to the identification of an immaterial error relating to the calculation of withholding taxes. For further information, see Note 4 (Use of judgements and estimates-Immaterial error).#16Cash Flow Statement ($ in thousands) Operating activities Income/(loss) for the year net of tax Adjustments for: Depreciation and amortization Share-based payments expense Net finance income excluding bank charges Change in fair value of share warrant obligations Income tax expense Changes in working capital: Increase in deferred platform commissions Increase in deferred revenue Increase in trade and other receivables Increase in trade and other payables Income tax paid Interest received Net cash flows generated from operating activities Investing activities Acquisition of intangible assets Acquisition of property, plant and equipment Acquisition of subsidiary net of cash acquired Proceeds from repayment of loans Net cash flows generated/(used in) investing activities Financing activities Payments of lease liabilities Interest on lease Repayment of borrowings Dividends paid and distribution to shareholders Cash acquired in the Transaction Net cash flows used in financing activities Net (decrease)/increase in cash and cash equivalents for the period Cash and cash equivalents at the beginning of the year Effect of changes in exchange rates on cash held Cash and cash equivalents at the end of the year 16 Source: Company information 9M 2021 (135 495) 1713 126 349 1875 (13 637) 845 (18350) (23 597) 106 712 (15 261) 12 480 80 334 (135) 61 849 (145) (710) (1 240) 8 (2087) (1367) (54) (49) (155 684) 119 659 (37 495) 22 267 84 557 (1371) 105 453 9M 2020 (7 052) 395 36 (458) 612 (6 467) (40 686) 138 816 (16 182) 3941 85 889 (290) 79 132 (139) 521 382 (246) (18) (3978) (17 853) (22 095) 57 419 17 565 925 75 909 Q3 2021 (103 700) 645 125 644 747 (13 637) 291 9 990 (7 932) 34 990 16 341 (2 241) 41158 (105) 51 043 (55) (261) 282 (34) (427) (4) (105 150) 119 659 14078 65 087 40 898 (532) 105 453 nexters Q3 2020 (11 171) 163 12 (731) 223 (11 504) (14 736) 52 976 (1 505) 7 476 44 211 (290) 32 417 (90) 342 252 (13) @ (9 666) (9 688) 22 981 52 499 429 75 909#17Reconciliation of non-IFRS measures: Adjusted Costs and Expenses $m Platform commissions Game operating costs Selling and marketing expenses General and administrative expenses Listing Charge Less share-based compensation expense and listing fee NASDAQ related non-recurring expenses Add back change in deferred platform commissions Adjusted costs and expenses 17 Source: Company information 9M 2021 85 13 219 14 125 -126 -4 24 349 9M 2020 54 11 126 1 41 234 Q3 2021 31 5 64 6 125 -126 -1 00 112 Q3 2020 18 4 53 0.3 15 90 nexters.#18Reconciliation of non-IFRS measures: Adjusted Net Income/ Loss $m Net Loss Add back: - Share based compensation expense - Impairment of non-current assets - Gains and losses arising as result of business combinations (¹) Other items that we do not consider indicative of our ongoing operating performance (²) - Tax effect of the reconciling items Adjusted Net Income/Loss 18 9M 2021 -135 1 125 -10 -1 -20 9M 2020 -7 Q3 2021 -104 125 -13 8 Q3 2020 -11 -11 Source: Company information (1) Consists entirely of the non-cash non-recurring share listing expense (2) Includes non-recurring expenses related to the listing on NASDAQ and merger with Kismet Acquisition One Corp which are added back less the gain resulting from change in fair value of the warrant obligations nexters