#1nexters Q4 2021 Preliminary Financial Results Nexters Global BD 30 March 2022 - A ALERVAU 10. ? LL#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 Factors" 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 preliminary and unaudited 2#3Update on recent geopolitical developments Recently, as a result of the military actions in Ukraine, a number of governments, including those of the United States, United Kingdom and European Union, have imposed unprecedented sanctions on specified persons and entities in Russia. While the situation remains highly fluid and additional sanctions are possible, neither Nexters, nor any of its subsidiaries is currently subject to any sanctions that have been imposed. Nevertheless, based on the Nexters current geographical distribution of bookings, management believes that the latest geopolitical developments will have certain residual negative effects on Nexters' future financial performance, limited to the share of bookings deriving from the markets of the former Soviet Union (FSU), which stood at 13% of our total for 2021 and which, as a percentage of our total bookings, has been declining over the past few years. The exact effects cannot currently be reliably estimated due to the constantly changing environment. ● ● 3 nexters Nexters is a global firm and its key shareholders reside in the European Union and the United Kingdom with no single shareholder having an interest in more than 50% of the outstanding shares (the founders, Andrey Fadeev EU and Boris Gertsovskiy EU, each hold approx. 20.2%, Everix Investments Limited (beneficially owned by Dmitrii Bukhman and Igor Bukhman UK) holds approx. 37.8%). Players of Nexters' games are spread all around the globe, with the United States, Europe, and Asia being the largest markets, altogether representing close to 78% of the Company's bookings. Nexters has an international board of directors and a Cyprus-based management team. The majority of the Company's critical personnel, responsible for sustaining the operations of the Company, is located in Cyprus and other countries of the European Union, with Russia being used mostly for non-critical, administrative and supportive functions. We are offering relocation assistance to our employees from the affected countries, with the aim to accelerate the relocation of personnel to safe locations. Nexters will continue to analyze the announced sanctions, any potential additional sanctions, and the situation in the key markets in which Nexters operates in order to be able to react to the changing environment accordingly and to make every effort to minimize any negative impact on its business. All Nexters games that have been launched are available on all platforms. Nexters continues to develop, operate, and support all of its games. On February 28, 2022, Nasdaq and the New York Stock Exchange imposed a suspension of trading in securities of a number of companies with operations in Russia, including Nexters, which suspension currently remains in place. Nexters has been in regular communication with representatives of Nasdaq since the imposition of the suspension of trading in an effort to lift the suspension. We will continue to cooperate with Nasdaq on this matter. Nexters is not aware of any restrictions on the ability of U.S. and non-U.S. persons to acquire and trade in Nexters securities. As a company based in and managed from the European Union, neither Nexters, nor any of its subsidiaries is subject to recently announced sanctions as of the date of this press release, other than the suspension of trading mentioned above.#4Key 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 + 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) 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#5Key Highlights#6Delivery on expectation and progress on key strategic pillars Ž 1st European gaming GDEU company on Nasdaq 6 14 IC² New York 40 10 USA Desktop in FY'21 32% E +57% YOY UROPE $ Rapid growth across platforms and geographies Source: Company information (preliminary and unaudited) indi Limassol Cyprus Alis Asia in FY'21 25% +90% YoY Delivered on guidance with record high annual bookings $562m Bookings $449m Adj. cost and expenses nexters Chibi IslanD Islande QUESTAWAY $555m Four new game releases on mobile and web Total costs and expenses, excl. D&A THRONE PUZZLE ODYSSEY#7Actual performance vs guidance in 2021 (A) Bookings in 2021 $m 562 Actual 570 560 Guidance Management profitability measure = (A) - (B) (B) Adjusted costs and expenses in 2021 (¹) $m 449 Actual 465 455 Guidance Source: Company information (preliminary and unaudited) 7 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 Actual bookings in 2021 are in line with previously provided guidance With reaching bookings guidance, we managed to incur adjusted costs and expenses lower than anticipated#8Key financial highlights (1/2) $m Revenue 74 +65% Q4 2020 Q4 2021 6 123 $m Net Income/ Loss +75% 11 261 +66% FY 2020 -0,7 434 FY 2021 >100% FY 2020 -124 FY 2021 $m Operating Cash Flow 41 $m +5% Q4 2020 Q4 2021 44 Adjusted Net Income/ Loss (1) >100% 24 Q4 2020 Q4 2021 121 FY 2020 1,5 -13% >100% FY 2020 106 FY 2021 5 FY 2021 Q4 2020 Q4 2021 Source: Company information (preliminary and unaudited) 8 1) 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 nexters Significant revenue YoY increase both in Q4 2021 and FY 2021 is primary driven by an increase in bookings in the amount of $24m and $116m, respectively (or 20% and 26%, respectively) and by a decrease in change of deferred revenues in the amount of $25m and $57m, respectively Operating cash flow increased on 5% in Q4 2021 demonstrating the increased efficiency and cash generation capacity of our business. Decrease in FY 2021 is explained by higher marketing investments than in FY 2020 The net loss in FY 2021 originated predominantly from the non-cash non-recurring share listing expense in the amount of $125 million. At same time, the net income in Q4 2021 almost doubled Adjusted net income experienced severalfold YoY growth in Q4 2021 and FY 2021 driven by the increase in revenues, partially offset by the increase in marketing investments, platform commissions and G&A expenses#9Key financial highlights (2/2) $m Total Costs and Expenses, Excluding D&A +43% Q4 2020 Q4 2021 39 99 $m Selling and Marketing Expenses +30% 51 262 FY 2020 166 +112% +63% FY 2020 555 FY 2021 270 $m FY 2021 Adjusted Costs and Expenses (1) (2) 79 +26% Q4 2020 $m G&A Expenses >100% 99 Q4 2021 Q4 2020 9 312 Q4 2021 +44% FY 2020 >100% Q4 2020 Q4 2021 9 Source: Company information (preliminary and unaudited) 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 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. FY 2020 449 FY 2021 23 FY 2021 nexters Key drivers of growth for total costs and expenses (excl. D&A) and for adjusted costs and expenses are increased (1) selling and marketing investments and (2) G&A expenses Increase of selling and marketing expenses is driven by the growth of the investments into the acquisition of additional players G&A expenses significantly increased mostly due to increased scale of Group operations (translated into the growth of team size) and recurring expenses associated with listing on NASDAQ#10Key Operating Highlights '000 users Monthly paying users (¹) 10 284 Q4 2020 284 FY 2020 +28% +27% 363 Q4 2021 362 FY 2021 $/month Average bookings per paying user (2) 137 Q4 2020 126 FY 2020 -9% -3% 125 Q4 2021 123 FY 2021 $m Bookings 3% 120 Q4 2020 3% 445 FY 2020 share of advertising +20% share of advertising +26% 5% 144 Q4 2021 5% 562 FY 2021 Source: Company information (preliminary and unaudited) 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 nexters Substantial investments in marketing led to significant increase in MPU X Due to large inflow of new payers, ABPPU decreased on 9% in Q4 2021, but remained broadly stable in FY 2021 The share of advertising as % of total bookings increased by 2.4 p.p. in Q4 2021 and by 1.5p.p. in FY 2021 thanks to extensive work of our team in that direction All above resulted in bookings $144m in Q4 2021 with 20% YOY growth and $562m in FY 2021 with 26% YoY growth#11Diversification across key platforms and geographies $m Bookings by platform (¹) Desktop Mobile 120 70% 30% Q4 2020 445 74% 26% FY 2020 +20% +26% 144 71% 29% Q4 2021 562 68% 32% FY 2021 YoY 22% 15% YoY 15% 57% Source: Company information (preliminary and unaudited) 1) For platform and geography splits corresponding shares in management accounts were used $m. Bookings by geography (¹) US Europe 120 33% 25% 20% 15% 7% Q4 2020 445 37% 24% 16% 15% 8% FY 2020 Asia +20% +26% FSU 144 30% 20% 26% 14% 10% Q4 2021 562 31% 22% 25% 13% 9% FY 2021 Other YoY 9% -3% 58% 12% 58% YoY 6% 15% 90% 12% 46% nexters In FY 2021 we have observed strong growth in bookings across platforms and geographies, with especially strong performance in the Desktop version of our games and in Asia, growing 57% and 90% respectively YoY In Q4 2021 we have also observed high growth in bookings across Asia and Other regions each growing by 58% YoY Slight bookings decrease in Europe in Q4 2021 is explained by changed distribution of marketing investments across countries. However, FY2021 figures showed strong 15% YoY growth#12Improving engagement and payer conversion DAU '000 users 1,024 975 889 863 808 mmmm Q1 2020 MAU '000 users 7,665 +21% 1,198 2020 +17% 7,573 6,075 5,344 5,600 ........ 4,101 1,037 Q2 Q3 Q4 Q Q2 Q3 Q4 2020 2020 2020 2021 2021 2021 2021 Q2 Q4 Q2 2020 2020 2020 2021 2021 12 Source: Company information (preliminary and unaudited) 982 5,315 4,780 Q4 2021 2021 DAU/MAU % 13% Q1 2020 4% MPU/MAU % 17% Q1 2020 2020 5% 2020 15% Q3 2020 5% 2020 20% 24 2020 7% 2020 16% 2021 5% 2021 16% 2021 5% 2021 20% Q3 2021 7% 2021 21% Q4 2021 8% 2021 nexters Engagement and conversion metrics gaining some momentum despite post Covid months X MAU and DAU showed good YoY growth in 4Q2021#13S 4 Appendix#14Balance Sheet ($ 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 Other non-current 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 Non-controlling interest 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 FY 2021 1,352 266 1,501 116,533 2,050 25 107 121,834 45,087 123 142,802 3,137 191,149 312,983 166,405 (334,517) 44 (168,068) 1,103 128,074 29,049 158,226 831 26,573 814 294,607 322,825 481,051 312,983 nexters FY 2020 (¹) 171 76 89,587 1,044 90,878 32,974 8 84,557 3,137 120,676 211,554 27 12,084 (114,019) (101,908) 818 79,220 80,038 49 293 17,214 306 215,562 233,424 313,462 211,554 14 Source: Company information (preliminary and unaudited) (1) Reflects the corrections to the amount reported in Nexters Global's (subsidiary) audited consolidated statement of financial position as at December 31, 2020 and 2019 due to the identification of the errors relating to the calculation of withholding taxes and stock options. For further information, see Note 4 (Accounting judgments, estimates and assumptions-Immaterial error).#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$(¹) FY2021 (1) (2) 434,094 (117,229) (18,945) (270,167) (23,031) (125,438) (554,810) (2,540) (123,256) (81) (123,337) (1,127) (124,464) 11 (124,453) (0.68) nexters. FY 2020(2) 260,892 (75,163) (17,390) (165,756) (3,689) (261,998) (561) (1,667) 1,778 111 (862) (751) 15 (736) 0.00 15 Source: Company information (preliminary and unaudited) Based on a weighted average number of ordinary shares for basic and diluted earnings per share of 20,000 Reflects the corrections to the amount reported in Nexters Global's (subsidiary) audited consolidated statement of financial position as at December 31, 2020 and 2019 due to the identification of the errors relating to the calculation of withholding taxes and stock options. For further information, see Note 4 (Accounting judgments, estimates and assumptions-Immaterial error).#16Cash Flow Statement ($ in thousands) Operating activities Income/(loss) for the year net of tax Adjustments for: Depreciation and amortization Share-based payments expense Gain on acquisition Expected credit losses Change in fair value of share warrant obligations Interest expense Foreign exchange loss/(income) 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 Interest paid Proceeds from borrowings 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 FY 2021 (124,464) 2,540 129,199 (79) 92 (3,060) 91 2,809 1,127 8,255 (26,946) 127,899 (12,682) 9,600 97,871 (617) 7 105,516 (338) (1,099) (1,159) (123) (2,719) (2,132) (90) (49) (160,366) 119,659 (42,978) 59,819 84,557 (1,574) 142,802 nexters FY 2020(¹) (751) 561 2,276 38 (1,991) 862 995 (52,465) 184,603 (7,490) (1,060) 123,588 (3,978) 19 120,624 (147) 508 361 (341) (26) (17) (3,980) (51,683) (56,047) 64,938 17,565 2,054 84,557 16 Source: Company information (preliminary and unaudited) (1) Reflects the corrections to the amount reported in Nexters Global's (subsidiary) audited consolidated statement of cash flows for the year ended December 31, 2020 and 2019 due to the identification of the errors relating to the calculation of withholding taxes and stock options. For further information, see Note 4 (Accounting judgments, estimates and assumptions-Immaterial error).#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 (preliminary and unaudited) FY 2021 117 19 270 23 125 -129 -4 27 449 FY 2020 Q4 2021 75 33 H 17 166 51 +*+ I -2 52 312 S I -3 3 99 nexters Q4 2020 21 6 39 3 -2 12 79#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 FY 2021 (124) 4 125 1 (0.5) LO 5 FY 2020 (0.7) 2 I 1.5 Q4 2021 11 3 11 24 Source: Company information (preliminary and unaudited) (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 Q4 2020 2 1 9