#1nexters Q2 2021 Financial Results Nexters Global 22 September 2021 ALGE ?#2Disclaimer nexters 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. 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. 3 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 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 Non-IFRS measures 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) other special items, which are infrequent in nature and/or outside of the normal operating business. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total comprehensive profit/loss for the year as an indicator of operating performance as determined in accordance with IFRS#4Key Highlights#5Summary 1234 15 nexters GDEU IS NOW LIVE NASDA M31 MARKETEIT IPO on Nasdaq Global Market geared us with additional cash for our consolidation with total proceeds of ~$132 million Record high bookings and continued improvement in KPI's Chibi Island, our new casual farm & adventure game, is officially released now on iOS and Android after successful soft launch in the end of 2020 nexters. $154m Bookings in 2Q 2021 +40% YOY 395k MPU in 2Q 2021 +43% YOY $125 ABPPU in 2Q 2021 -2% YoY#6Key financial highlights (A) Bookings (¹) $m LO 6 110 Q2 2020 208 +40% +29% 154 Q2 2021 268 H1 2021 (B) Adjusted costs and expenses (2) $m 67 Q2 2020 143 H1 2020 +106% +68% 139 Q2 2021 240 H1 2021 Selling and Marketing Costs $m 31 Q2 2020 73 H1 2020 +193% +112% 91 HT 2020 Management profitability measure = (A) - (B) Source: Company information 1) The Company defines Bookings as sales contracts generated from in-game purchases and advertising in a given period Reflects corrections to the amounts reported in the Company's previous filings with the SEC due to the identification of an immaterial error relating to the calculation of withholding taxes in 2020 and other insignificant adjustments identified in the course of the financial reporting closing process as of June 30, 2021. For further information, see Note 4 (Use of judgements and estimates-Immaterial error) to the Company's interim condensed consolidated financial statements for the six months ended June 30, 2021 as filed with the SEC on September 22, 2021 Q2 2021 155 H1 2021 2) 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) other special items, which are infrequent in nature and/or outside of the normal operating business. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total comprehensive profit/loss for the year as an indicator of operating performance as determined in accordance with IFRS. nexters Strong growth in bookings in Q1 and Q2 2021 reflecting MPUs and ABPPU dynamics Record high investments in user acquisition in H1 2021 as company improved forecasting allowing to deploy marketing expense more efficiently Other G&A costs growth mostly driven by one-off IPO expenses as well as headcount growth#7Diversification across key platforms and geographies Bookings by platform (¹) $m 7 Mobile Desktop 110 +40% 76% 24% 154 69% 31% Q2 Q2 2020 2021 27% 81% +29% 208 78% 22% H1 2020 268 67% 33% HI 2021 11% 91% Source: Company information 1) For platform and geography splits corresponding shares in management accounts were used Bookings by geography (¹) $m US Europe 110 +40% 41% 22% 14% 14% 8% Q2 2020 154 32% 21% 24% 13% 10% Q2 2021 Asia FSU 10% 35% 140% 23% 60% Other 208 +29% 40% 23% 14% 15% 268 33% 22% 23% 13% 9% 8% HI HI 2020 2021 5% 29% 112% 9% 39% nexters Mobile platforms have seen strong growth, due to high investment in UA and shorter expected payback period of the cohorts acquired Desktop platforms were growing rapidly mostly due to dedicated development team for the Web version of game and growth of investment in UA Asia was the fastest growing region in 2021, where the RPG genre is highly acceptable by players. We have also successfully localized the game in number of Asian countries which accelerated the growth#8Key Operating Highlights Monthly paying users (¹) ('000 users) 8 277 Q2 2020 283 +43% +26% 395 Q2 2021 356 H1 2021 Average bookings per paying user (2) ($/month) 128 Q2 2020 118 HT 2020 -2% +2% 125 Q2 2021 120 H1 2021 Bookings ($m) 110 Q2 2020 208 H1 2020 +40% +29% H1 2020 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 (1) (2) 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 154 Q2 2021 268 HT 2021 Reflects corrections to the amounts reported in the Company's previous filings with the SEC due to the identification of an immaterial error relating to the calculation of withholding taxes in 2020 and other insignificant adjustments identified in the course of the financial reporting closing process as of June 30, 2021. For further information, see Note 4 (Use of judgements and estimates-Immaterial error) to the Company's interim condensed consolidated financial statements for the six months ended June 30, 2021 as filed with the SEC on September 22, 2021 nexters Strong growth in bookings in Q1 and Q2 2021 reflects MPUs and ABPPU dynamics X Significant growth in MPUS driven by record high investment in user acquisition in H1 2021 In Q2 2021 ABPPU on a blended basis was slightly diluted as compared to Q2 2020 on the back of massive inflow of new payers with lower ABPPU in the beginning of their lifespan#9Rapid growth in user base under healthy conversion rates DAU '000 users أسس 1,023 9 21 2020 MAU '000 users 7,664 889 863 5,344 +35% 5,599 Q2 2020 Q3 2020 Q4 2020 Q1 2021 س 808 +42% 975 4,101 6,074 21 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 1,198 Q2 2021 7,573 Q2 2021 DAU/MAU % 13.4% MPU/MAU % 16.6% 21 2020 Q2 2020 Q3 2020 Q4 2020 3.8% 21 2020 5.2% 15.4% Q2 2020 5.1% 19.7% Q3 2020 6.9% Q4 2020 16.0% Q1 2021 5.2% Q1 2021 15.8% Q2 2021 5.2% Q2 2021 nexters DAU and MAU grew YoY on the back of UA investments X Conversion from monthly to daily users and from players to payers was relatively flat YoY despite more significant UA spent Engagement metrics are staying strong despite post-Covid#10Three new content-oriented titles in 2021 pipeline 10 2414/4260 S 617 Chibi Island SA Let's examine it. 305/50 + SAMO Doo 9998912 99992567 400% 41:36 00:09 Casual farm game Official released in the end of July after successful soft launch in December 2020 Good reception from players Soft launch showed the doubling of the retention and average play session length benchmarks set by Hero Wars Puzzle Island Farming and adventure simulator Official soft launch planned on October 2021 Tests show retention levels are in line with market levels Riddle Island 1925 25 nexters All o Match-3 and adventure simulator Active preparation for soft launch to start analyzing retention and monetization curves#11Guidance for 2021 (A) Bookings $ million. 443 2020 585-610 2021 Management profitability measure = (A) - (B) (B) Adjusted costs and expenses (¹) $ million 312 2020 11 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) other special items, which are infrequent in nature and/or outside of the normal operating business. Adjusted costs and expenses is a non-IFRS financial measure and should not be construed as an alternative to total comprehensive profit/loss for the year as an indicator of operating performance as determined in accordance with IFRS 470-490 2021 nexters.#12S Appendix#13Balance 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 Other current assets 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 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 13 Source: Company information H1 2021 946 128 1473 105 227 1921 17 109 712 64 882 282 40 898 3 083 109 145 218 857 27 8112 (193 500) (185 361) 568 105 597 106 165 1274 36 424 534 259 821 298 053 404 218 218 857 Q1 2021 713 129 1465 95 117 2275 99 699 45 845 5 99 912 3074 148 836 248 535 27 8 329 (123 289) (114 933) 499 90 774 91 273 46 1593 40 370 391 229 795 272 195 363 468 248 535 FY 2020 171 76 89 562 1044 90 853 32 974 8 84 557 3137 120 676 211 529 27 8 289 (111 451) (103 135) 818 78 985 79 803 49 293 19 502 306 214 711 234 861 314 664 211 529 nexters.#14Profit 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 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$) 14 H1 2021 196 333 (53 990) (8 159) (155 472) (7 638) (225 259) (1 068) (29 994) (1247) (31 241) (554) (31 795) (250) (32 045) (1 590) Source: Company information Based on a weighted average number of ordinary shares for basic and diluted earnings per share of 20,000 (1) H1 2020 122 035 (35 774) (7 251) (73 353) (563) (116 941) (232) 4 862 (354) 4508 (389) 4119 2 4121 206 Q2 2021 109 644 (29 510) (4222) (90 745) (4 829) (129 306) (609) (20 271) 633 (19 638) (370) (20 008) (199) (20 207) (1000) Q2 2020 63 260 (18 418) (3 612) (30 973) (305) (53 308) (150) 9 802 816 10 618 (209) 10 409 3 10 412 520 nexters.#15Cash Flow Statement ($ 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 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 Loans granted 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 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 15 Source: Company information H1 2021 (31 795) 1 068 705 1128 554 (28 340) (15 665) 71 722 (31 602) 14 721 39 176 (30) 10 806 (90) (449) (1 240) (282) 8 (2 053) (940) (50) (49) (50 534) (51 573) (42 820) 84 557 (839) 40 898 H1 2020 4 119 232 24 273 389 5 037 (25 950) 85 840 (14 677) (3 535) 41 678 (7) 46 708 (49) 179 130 (242) (27) (3 980) (8187) (12 436) 34 402 17 565 523 52 490 Q2 2021 (20 008) 609 315 (697) 370 (19 411) (10 110) 44 849 (18 299) (4782) 11 658 34 (7 719) (32) (323) (23) (282) (660) (390) (26) (49) (50 230) (50 695) (59 074) 99 912 60 40 898 Q2 2020 10 409 150 12 (854) 209 9926 (14 101) 47140 (2 323) (638) 30 078 39 997 (37) 179 142 (142) (25) 6 (4 947) (5108) 35 031 17 105 354 52 490 nexters.#16Reconciliation of non-IFRS measures Platform commissions Game operating costs Selling and marketing expenses General and administrative expenses Add back change in deferred platform commissions Less share-based compensation expense Adjusted costs and expenses 16 Source: Company information H1 2021 53 990 8 159 155 472 7 638 15 665 (706) 240 218 H1 2020 35 774 7 251 73 353 563 25 949 (24) 142 866 Q2 2021 29 510 4 222 90 745 4 829 10 110 (316) 139 100 Q2 2020 18 418 3 612 30 973 305 14 101 (12) 67 397 FY2020 75 188 16 402 165 756 2 701 52 440 (299) 312 188 nexters