Nexters SPAC Presentation Deck
Key financial highlights (2/2)
$m
Total Costs and Expenses, Excluding D&A
76
Q3 2020
+204%
$m
Selling and Marketing Expenses
+21%
53
231
Q3 2021
64
$m
Q3 2021
Adjusted Costs and Expenses (¹) (2)
90
Q3 2020
$m
G&A Expenses
0,3
+24%
Q3 2020
112
Q3 2021
6
Q3 2020
22
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 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.
Q3 2021
nexters
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-
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