MOBILE GAMES FREE TO PLAY - TSX: LEAF OTCQB: LEMLF
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LEADERS IN
FREE TO PLAY
MOBILE GAMES TSX: LEAF
CEM UPDATE
OTCQB: LEMLF
SEPT 2021
Forward Looking Statements
This presentation contains general background information about LEAF Mobile Inc. (the “Company”) in summary form, and does not purport to be complete. It is confidential, not for
distribution to the public, for information purposes only, and may not be reproduced or distributed to any other person or published in whole or in part. It is not a general
advertisement, general solicitation or an offer to sell or buy any securities, nor is it advice or a recommendation. This presentation or the fact of its communication shall not form the
basis of or be relied on in connection with any contract or investment decision whatsoever in relation thereto. No securities commission or exchange has reviewed, commented on or
assessed the adequacy or accuracy of this presentation.
Statements in this presentation (the “Presentation”), including the information set forth as to the future financial or operating performance of the Company, that are not current or
historical factual statements may constitute “forward-looking” information within the meaning of applicable securities laws. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from
any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this Presentation, such statements may include, among other
language, such words as “may”, “will”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate” and other similar terminology. These statements reflect current expectations,
estimates and projections regarding future events and operating performance and speak only as to the date of this presentation. prospective investors should not place undue
importance on forward-looking statements and should not rely upon this presentation as of any other date. These forward-looking statements involve a number of risks and
uncertainties. The forward-looking statements included in this Presentation are made only as of the date of this presentation. The Company undertakes no obligation to update any
forward looking- statements to reflect subsequent events or circumstances. There can be no assurance that the projected results can be realized or that actual results will not be
materially higher or lower than those projected.
This presentation contains "forward-looking" statements including those regarding our financial guidance, our strong product roadmap and pipeline, our healthy balance sheet to
support expected growth, and statements including words such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan,” “intend,” “could,” “continue,” “remain,”
“positioned,” "potential" and similar expressions or variations. You can locate these reports through our website at http://www.leafmobile.io/investors.
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3
Massive Mobile Game Market
2020 Global Gaming Market
Unprecedented Growth - 2020 Key Takeaways
$159B
Global Mobile Game Revenue 23.2% PC Games
10%
CAGR
28.4% Console Games
$103B
$93B
$85B
$77B
$68B
48.5% Mobile Games
2019A 2020E 2021E 2022E 2023E
Mobile gaming is the largest and fastest growing segment in the global gaming market
$240B 72% 2-5 46%
Global mobile ad spending Of app spend Games per month Increase in gamers
Global mobile ad spending in Games now make up 72% of Gamers play two to five The number of gamers globally
2020 is expected to be $240 all app store spend mobile games a month, on increased by 46% from January
billion, up from $190 billion in average to March of 2020
2019
Source: Newzoo, Udonis, GamesBeat, App Annie, VentureBeat
4
LEAF SnapshotAt a Glance
Canada’s Largest F2P Mobile Game Company FY 2020 1H 2021 LTM
$80.5 $47.8 $93.6
A Mobile game group powerhouse disrupting the REVENUE C$M REVENUE C$M REVENUE C$M
industry fusing a distributed studio network & game
+116% +38% +16%
development SaaS Tech platform.
YOY YOY Vs CY 2020
Headquartered in Vancouver
• ~ 170 Employees & 3 studios (East Side Games, LDRLY & Represents $C Combined pro forma FY 2020 revenue, net of inter-company eliminations.
Truly Social Games)
• Main markets by revenue are US, UK, AUS, EU & CAD
3 Pillar Business Model Creates Revenue Flywheel GENRE LEADING PORTFOLIO
PORTFOLIO & PRODUCT
Organic Growth
TECHNOLOGY PLATFROM
Distributed Growth
M&A
Acquired Growth
#1
RANK**
10
GAMES
7+
PIPELINE
GAMES IDLE KIT STUDIOS
Publishing IP Driven Franchises GAAS Lisc. & Revenue Share Revenue & EBITDA Consolidator
*Rank #1 with 20% of WW and 28% of US publisher Idle Genre
(IAP & Ad Revenue) (High Margin) **Rank #1 with 20% of WW and 28% of US publisher Idle Genre IAP revenue market share
(Source on Idle ranking: App Annie)
IAP revenue market share 5
LEAF’s Growth Journey
Execution-Growth-Profitability
Q4 2018 APR 19 2020 FEB 2021 FEB 2021
LEAF FOUNDED CLOSED DEAL CLOSED ESG DEAL & LEAF TSX GRADUATION
TSX.V LISTING FINANCING Largest Mobile Game
FEB 2019 SEP 2020 Q2 2021
Group in Canada
LOI LDRLY ESG DEFINITIVE
AGREEMENT
THE STRUCTURE PHASE THE SCALE PHASE
STRONG IP PARTNERS ROBUST IP PORTFOLIO PROVEN GROWTH STRATEGY
PORTFOLIO & PRODUCT TECHNOLOGY PLATFROM M&A
Organic Growth Distributed Growth Acquired Growth
GAMES IDLE KIT STUDIOS
Publishing IP Driven Franchises GAAS Lisc. & Revenue Share Revenue & EBITDA Consolidator
(IAP & Ad Revenue) (High Margin)
6LEAF Q2 & 1H Results
Continued profitable Growth YOY
Q2 YOY REVENUE ($CAD) 1H YOY REVENUE ($CAD) 1H Adj. EBITDA ($CAD)
$25M
$22.5M
100% $60M 100% $6M $5.6M
90% 90%
$50M $47.8M $5M
$20M 80% 80%
$17.6M
70% 70%
$40M $4M
$34.7M
$15M 60% 60%
50% $30M 50% $3M $2.8M
$10M 40% 40%
27% $20M 25% $2M
30% 30%
19%
$5M 12% 20%
$10M
20%
$1M
10% 10%
$0M 0% $0M 0% $0M
Q2 2020 Q2 2021 1H 2020 1H 2021 1H 2020 1H 2021
Revenue Ad % Revenue Ad %
Q2 Revenue Growth of 1H Revenue Growth of 1H Adj. EBITDA Growth of
28%
YOY vs Q2 2020*
38% Vs 1H 2020
100% vs 1H 2021
*Does not include LDRLY from April 17 to June 30, Profroma basis 4% YOY growth. 71H Highlights
Strong Momentum across Core Growth Pillars
PORTFOLIO & PRODUCT TECHNOLOGY PLATFROM M&A
Organic Growth & IP Driven Franchises Distributed Growth Acquired Growth
7 New Idlekit partnerships
15+ new games in 18 Mths
C$23M public offering
C$159M Acquisition of East Side Games
Collectible Card Game
IP Partnership Game Creation Toolset C$37.0M Acquisition of Truly Social
Emmy Award Winning Franchise Ownership, Collection, Fandom, Games Definitive Agreement
Investment & scarcity to Game Assets
METAVERSE
8Deep Product IP Pipeline
Organic Revenue Growth Outlook Weighted 2H 2021
+5
IDLEKIT
PARTNERED GAMES
GAMES
+5
GAMES
LEAF GROUP
PUBLISHED GAMES 2 LEAF Group will Publish 3 games Lisc only
LTM
$94.0M 10 GAMES
PORTFOLIO
2x
REVENUE C$M
STACKING REVENUE
YOY
Q1 2021 Q2 2021 Q3/4 2021 Q3/4 2021
9IDLE KIT Platform
High Margin SaaS Revenue
“IDLE KIT”
Reduced Developer Risk à Developers focus on content creation vs. Announced Partners 2021
DEVELOPERS
engine development
Robust Platform à “Integrated Live-Ops” events management;
analytics API enables data driven UA
Compatibility à Interfaces with Unity for seamless mobile game
development
Benefits
Distributed Revenue à complements organic portfolio revenue ( in-
app purchases and advertising )
LEAF
Margin Expansion à Recurring revenue and expanding platform may
drive gross margin improvements
Product & M&A Pipeline à Increases visibility on gaming projects to
drive higher quality partnerships
10Public Multiples
TEV/REV TEV/REV
Company Name (C$M) Market Cap
LTM NTM
Gaming Platform / Tech
Gaming Tech
Roblox Corporation
Unity Software Inc.
$58,665
$44,812
39.6x
37.3x
17.0x
32.4x 24.7x NTM
AppLovin Corporation
Mean
$26,541
$43,439
10.2
29.0x
nmf
24.7x Revenue
Mid-Market Consolidators
Embracer Group AB (publ) $13,642 7.9x 6.0x
Stillfront Group AB (publ) $2,819 4.4x 4.1x
Paradox Interactive AB (publ) $2,411 9.5x 9.9x
Enad Global 7 AB (publ) $831 6.2x 2.5xbought Gram Games for $250M at
Zynga
Sumo Group Plc $1,418 11.9x 7.9x Gaming
3.0x revenue for it’s 3M DAU & 170M
tinyBuild, Inc. $847 17.0x 13.3
Mean $3,662 9.5x installs
7.3x
Consolidator
Large-Cap Canadian Gamers
7.3x NTN
Score Media and Gaming Inc.
Enthusiast Gaming Holdings Inc.
$2,239
$777
88.2x
5.8x
66.5x
4.6x Revenue
Mean $1,508 47.0x 35.5x
LEAF Mobile* $271 2.8x 2.3x
*Includes earn-out, estimates from Haywood Research
Source: Capital IQ, Bloomberg, Company Filings Aug 16th, 2021 11Current Capitalization
Capitalization in C$ and millions except price per share
Current Share Price $2.75
Highlights
Shares 76.6
Options 3.6 Insider
Fully Diluted 80.2
~67% ownership(1)
Market Cap (Basic) $210.5
Analyst Coverage +80% Locked up(2)
Haywood Securities Neal Gilmer
Insider open
VIII Capital Adhir Kadve ~$1.6M market buying
avg price $4.27(3)
Cormark Securities David McFadgen
(1) On a fully diluted basis, (2) On a basic basis as of Aug 20, 2021, (3) On a share basis, includes purchases in the $23M equity financing at $2.25 and open market purchases of 370,935 shares for total of $1,584, 226 at an average price of $4.27 post share
consolidation source: SEDI 12Team shaping the vision
Proven media and gaming expertise meets proven entrepreneurial vision
Management Team Experience Board of Directors Experience
Mike Edwards
Darcy Taylor
20+ Years CEO, Director 20+ Years
Founder & CEO Pioneer Media Inc. in Tech & Venture
in Tech & Entertainment
LEAF
Jason Bailey
Co-Founder 20+ Years
in Mobile Games
Jason Bailey 20+ Years East Side Games
CRO in Mobile Games
LEAF
Birgit Troy
COO & CFO
15+ Years
M&A & Finance
Canalyst
Jim MacCallum 20+ Years
CFO, LEAF in Finance & Accounting Jonathan Bixby
CPA, CA, CFA Founder 20+ Years
Guild Esports PLC in Tech Venture Capital
Brian Wideen Derek Lew
VP Finance
20+ Years CEO 20+ Years
in Tech & Games Growthworks in Venture Capital
LEAF
LLB
13Future growth drivers
IdleKit blue-sky, Strong IP driven portfolio, scarcity & enviable product/market timing
GENERATIONAL RE-RATING IDLE KIT M&A
Potential Distributed Growth Acquired Growth
MULTIPLES BLUE SKY TRAPLINE
Tech Platform+ Studio Consolidator High Margin SAAS Revenue & Royalties IdleKit Organic M&A Flywheel
WORLD-CLASS IP TIMING SCARCITY
Game Genre Fortress Watershed moment In Gaming Publicly Traded Game Co.
LEADERSHIP GROWTH ACCESS
Largest Publicly Traded Mobile Game Co. TAM and Tail Winds Institutional Capital Onramp to Sector
14LEADERS IN
FREE TO PLAY
MOBILE GAMES TSX: LEAF
OTCQB: LEMLF
Contact Us Investor Relations
info@leafmobile.io IR@leafmobile.io
Ph: + 1 604.288.4417 Ph: + 1 604.288.4418
www.leamobile.io
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