Investor Presentation
SELECTIVE STUDIO & IP ACQUISITIONS
ACQUISITION
SHADQUL
WARRIOR
CROTEAM
Good Shepherd
ENTERTAINMENT
ARTIFICER
DATE
ACQUIRED
COUNTRY
TYPE OF
ACQUISITION
HEADCOUNT
FRANCHISES
2015 (50%)
2018 (100%)
n/a
IP
N/A
1
Oct-2020
Croatia
Developer
38 Total
32 Devs
2
# of own IP franchises
Jan-2021
Netherlands
& Poland
(Artificer)
Publisher &
Studio
56 Total
35 Devs1
3rd party
contracts
2019
17 Total
May-2021
UK
Developer
2
16 Devs
NERIAL
Jun-2021
UK
Developer
36 Total
26 Devs
3
D
FIREFLY
studios
DODGE
ROLL
Acquired 5 studios in 9
months
Jul-2021
USA
Developer
4 Total (all
Devs)
1
c.$130m* cost
(combination of cash &
shares)
Incremental margin
improvements
Low integration risk
Current
Devolver Digital
*Includes contingent consideration estimated at the time of acquisition
Investor Presentation
9
D
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