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UZABASE
表紙にはほとんどモチーフなしがいいと思いました。
FY2019Financial Results
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O U R M I S S I O N
2
Combining technological innovation with human ingenuity toorganise and analyse business information from around the globe.We will reshape your world with a service that improves yourproductivity and unleashes your creativity.
Business Intelligenceto Change Your World
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O U R S E RV I C E S
3
Information�platform�providing�company�and�industry�analyses�with�statistical�data
B 2 B S e r v i c e
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O U R S E RV I C E S
4
Business�and�economic�news�media�(for�Japanese�market)
B 2 C S e r v i c e
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O U R S E RV I C E S
5
B 2 C S e r v i c e
Business�and�economic�news�media�(for�Global�market)
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O U R S E RV I C E S
6
B 2 B S e r v i c e
B2B�Marketing�Platform
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O U R S E RV I C E S
7
Japan s�Largest�Startup Database
B 2 B S e r v i c e
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I N D E X01
Appendix
02
03
04
05
06
8
07
Forecast�for�FY12/2020
Highlights�of�Consolidated�Results
Highlights�for�SPEEDA
Highlights�for�NewsPicks
Highlights�for�Quartz
Highlights�for�Other�B2B�Businesses
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9
01 Highlights of Consolidated Results*�All�financials�presented�in�this�section�are�consolidated�cumulative�totals�for�every�financial�year.
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Highlights of Consolidated Results: Overview
EBITDA of 30% reached one year
earlier than expected
Both revenue and profit saw steady
growth
Paid subscription business taking definitive shape, but advertising
revenue decreased
Revenue of FORCAS saw rapid growth, INITIAL reached
profitability
10
(Other B2B Businesses)
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Although�Net�Sales�Missed�the�Target,�EBITDA�Landed�Within�the�Planned�Range
Highlights of Consolidated Results: Forecast vs Actuals
0% 100%100%
12,521 13,500
1,732
Net�Sales
ExistingBusinessEBITDA
EBITDA
2019�Results
Full-Year�Forecast�
-500 -411
11*�Achievement�rates�versus�target�shown�are�calculated�in�relation�to�FY2019�Target�announced�on�13�February�2019.* Existing�Businesses�is�a�total�for�SPEEDA�and�NewsPicks.*�All�monetary�amounts�and�percentages�are�rounded�to�the�nearest�whole.�(Same�applies�for�slides�that�follow)
1,775Versus�Target:
122%
Versus�Target:
93%
Versus�Target:
103%
Unit:�JPY�MM
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2011/12 2012/12 2013/12 2014/12 2015/12 2016/12 2017/12 2018/12 2019/12
Quartz
NewsPicks
FORCAS
INITIAL
SPEEDA
Highlights of Consolidated Results: MRR Growth
12
Main�Factor�Behind�Missed�Revenue�Target�Is�Advertising�Business;�Meanwhile,�Subscription�Revenue�Is�Showing�Strong�Growth
CAGR+51%
*�One-off�transactions�such�as�initial�costs are�excluded.*�CAGR compound�average�growth�rate a�geometric�progression�that�provides�an�average�growth�rate�over�a�period�of�several�years.*�CAGR�shown�is�for�8�years�from�FY12/2011�to�FY12/2019.
MRR689MM
Unit:�JPY�MM
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Highlights of Consolidated Results: What Is MRR?
13
Going�forward,�UB�Group�intends�to�use�MRR�as�one�of�our�primary�business�KPIs
What is MRR?MRR�refers�to�Monthly�Recurring�Revenue,�a�metric�that�allows�for�the�evaluation�of�a�business s�monthly�income�stream
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2017 4Q 2018 4Q 2019 4Q
Highlights of Consolidated Results: Net Sales Growth
Net�Sales�Growth�Rate�Has�Exceeded�30%
*�Other�Businesses�is�a�total�for�FORCAS�and�INITIAL.*�Internal�transactions�between�segments�are�excluded.
2,8253,610
4,5301,661
2,962
4,177
870
353
794,565
9,340
12,521NewsPicks
Quartz�
SPEEDA
Other�B2B�Businesses
2,414
2,942
YoY�Change
34%ExcludingQuartz
38%+
+
*�2018�for�Quartz�refers�to�five�months�following�its�acquisition�(August�to�December). 14
2017 2018 2019
Unit:�JPY�MM
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EBITDA�of�Existing�Businesses�Growing�Steadily,�Investment�into�New�Businesses�Including�Quartz�Maintained�Within�Planned�Range
134493
303�
845
-193�
-2,052
389
1,386
-0.8億円
595
1,187
-411
232
Highlights of Consolidated Results: EBITDA Growth
Consolidated�EBITDA
*�Existing�Businesses�is�a�total�for�SPEEDA�and�NewsPicks.*�EBITDA�=�Operating�Profit�+�Depreciation�and�Amortisation�(including�Goodwill�Amortisation).
YoY�Change
JPY
-1,598MM
ExistingBusinessesOnly
55%+
15
2017 2018 2019
-127�
-33
NewsPicks
Quartz�
SPEEDA
Other�B2B�Businesses
Unit:�JPY�MM
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02 Highlights for SPEEDA
16
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Record-High�Annual�Net�Growth�of�Contract�IDs;Growth�Rate�Has�Continued�to�Accelerate�Every�Year�Since�Business�Launch
*�The�figures�shown�are�the�number�of�IDs�for�SPEEDA�only,�and�exclude�those�for�FORCAS�and�INITIAL. 17
Highlights for SPEEDA: ID Growth
2011/12 2012/12 2013/12 2014/12 2015/12 2016/12 2017/12 2018/12 2019/12
#�of�IDs�(Overseas)
#�of�IDs�(Japan)
379IDs
2,750IDs
+145IDs
+182IDs
+241IDs
+245IDs
+385IDs
+481IDs
+522IDs
+558IDs
Total3,129 IDs
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2446
69
114154
199
259
330
2011/12 2012/12 2013/12 2014/12 2015/12 2016/12 2017/12 2018/12 2019/12
MRR(国内+海外)
Highlights for SPEEDA: MRR Growth
18*�MRR�refers�to�Monthly�Recurring�Revenue and excludes any one-off transactions such as initial costs.*�All�monetary�figures�are�rounded�down.
SPEEDA�Changed�Its�Primary�KPI�to�MRR,�Which�Provides�a�More�Accurate�Picture�Than�Number�of�IDs�and�Allows�for�Comparison�with�Other�Businesses
407MM
MRR�(Japan�+�Overseas)
Unit:�JPY�MM
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2017年4Q累計 2018年4Q累計 2019年4Q累計
Net�Sales�Growth�Rate�Consistently�Exceeding�25%
Highlights for SPEEDA: Net Sales Growth
YoY Growth
26%+2,825
3,615
4,543
19
2017 2018 2019
*�Internal�transactions�between�segments�are�included.
Unit:�JPY�MM
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2017年4Q累計 2018年4Q累計 2019年4Q累計
17.5%
23.4%
30.5%
EBITDA�Reached�30%�One�Year�Earlier�Than�Anticipated
Highlights for SPEEDA: EBITDA Growth
YoY�Growth
20
EBITDA�Margin
EBITDA845
1,386
493
64%+
2017 2018 2019
Unit:�JPY�MM
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03 Highlights for Other B2B Businesses
21
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2018/3 2018/6 2018/9 2018/12 2019/3 2019/6 2019/9 2019/12
Highlights for Other B2B Businesses: MRR Growth
22
MRR�of�FORCAS�Maintains�Steady�Growth
*�MRR�refers�to�Monthly�Recurring�Revenue and excludes any one-off transactions such as initial costs.
FORCAS�MRR
Unit:�JPY�MM 75MM
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2017年4Q累計 2018年4Q累計 2019年4Q累計
Highlights for Other B2B Businesses: Net Sales Growth
23
FORCAS�Driving�Rapid�Growth�of� Other�B2B�Businesses
YoY�Growth
141%+84
362
871
INITIAL
FORCAS
2017 2018 2019
Unit:�JPY�MM
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Highlights for Other B2B Businesses: EBITDA Growth
24
Increased�Revenue�and�Slower-Than-Anticipated�Hiring�Have�Resulted�in�Smaller�Deficit�Compared�to�Previous�Year
YoY�Growth
JPY
66MM
+-33
-193
-127EBITDA
2017 2018 2019
Unit:�JPY�MM
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04 Highlights for NewsPicks
25
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0
200
400
600
800
1,000
1,200
1,400
1,600
0
20000
40000
60000
80000
100000
120000
140000
160000
2014/12 2015/12 2016/12 2017/12 2018/12 2019/12
ARPPU + ARPPU
Full-Scale�Launch�of�NewsPicks for�Business�Contributed�to�Significant�Increase�in�Paid�Users
Highlights for NewsPicks: Number of Paid Users
26* Paid users refers to those subscribed to the premium monthly plan priced at JPY 1,500/month (including yearly discounted plan at JPY 1,250/month and student discounted plan at JPY 500/month), and NewsPicks Academia plan at JPY 5,000/month. * All new premium plan subscriptions through the App Store and Google Play starting from 1 November 2019 are priced at JPY 1,600.* ARPPU refers to Average Revenue Per Paying User.
JPY�1,437
JPY�1,162
Total147,156
Paid�Users�(For�Business) Paid�Users�(Personal)
ARPPU�(Personal�and�For�Business) ARPPU�(Personal)
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214
39
82
131
2014/12 2015/12 2016/12 2017/12 2018/12 2019/12
MRR
NewsPicks Will�Disclose�MRR�as�a�Primary�KPI�As�Part�of�Effort�to�Increase�the�Number�of�Services�with�Different�Pricing
Highlights for NewsPicks: MRR Growth
27*�MRR�refers�to�Monthly�Recurring�Revenue and excludes any one-off transactions such as initial costs.*�All�monetary�figures�are�rounded�down.
Unit:�JPY�MM170MM
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2017年4Q累計 2018年4Q累計 2019年4Q累計
Premium�Subscription�Income�Maintaining�Steady�Growth,�Advertising�Income�Reached�Record�High�in�4Q
Highlights for NewsPicks: Net Sales Growth
28*�Other�Income�mainly�includes�video�production�and�external�sales�of�content.*�Internal�transactions�between�segments�are�included.
1,662
2,983
4,190Other�Income�
Premium�Subscriptions
Advertising�Income
YoY�Growth
40%+2017 2018 2019
Unit:�JPY�MM
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8.1%
10.2%9.3%
2017年4Q累計 2018年4Q累計 2019年4Q累計
EBITDA�Margin�Decreased�Due�to�Active�Business�Investment(Recruitment�Ahead�of�Schedule)
Highlights for NewsPicks: EBITDA Growth
29
EBITDA
134
303
389
EBITDA�Margin
2017 2018 2019
YoY�Growth
28%+Unit:�JPY�MM
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05 Highlights for Quartz
30
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2018/12 2019/3 2019/6 2019/9 2019/12
Solid�Growth�in�Paid�Subscription�Business,�Number�of�Paid�Subscribers�Exceeded�12,000
Highlights for Quartz: Number of Paid Subscribers
31
12,802
*�Includes�paid�subscribers�of�Quartz�Japan.
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2018/12 2019/3 2019/6 2019/9 2019/12
Highlights for Quartz: MRR Growth
32*�MRR�refers�to�Monthly�Recurring�Revenue and excludes any one-off transactions such as initial costs.*�All�monetary�figures�are�rounded�to�the�nearest�hundredth.*�ARPPU�refers�to�Average�Revenue�Per�Paying�User.
* Conversion rate of USD 1 = JPY 109.06 (January–December 2019 average) used.
Subscription�Business�Is�Optimised for�Monthly�Recurring�Revenue
USD105,000JPY 11MM
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2018年4Q累計 2019年4Q累計
Highlights for Quartz: Net Sales Growth
3333
USD 34.8�MM
JPY3,798
MM JPY2,944
MM
YoY�Change
-22%
2018 2019
USD 26.9�MM
*�Conversion�rate�of�USD�1�=�JPY�109.06�(January December�2019�average)�used�for�calculating�both�2018 and 2019�figures.*�2018�(Cumulative)�data�includes�business�results�prior�to�the�acquisition,�which�are�unaudited.
Accelerated�Shift�to�Paid�Subscriptions�Total�Revenue,�Primarily�Advertising,�Down�22%�YoY
![Page 34: UZABASE...* Paid users refers to those subscribed to the premium monthly plan priced at JPY 1,500/month (including yearly discounted plan at JPY 1,250/month and student discounted](https://reader034.vdocuments.mx/reader034/viewer/2022052103/603d28b5c7319a286568ee48/html5/thumbnails/34.jpg)
Highlights for Quartz: EBITDA Growth
34
2018 3Q 2019 3Q
USD -10.7 MM
USD -18.4�MMJPY -1,175 MM
JPY -2,017 MM
2018 2019
*�Conversion�rate�of�USD�1�=�JPY�109.06�(2019�average)�used�for�calculating�both�2018 and 2019�figures.*�Excludes�temporary�expenses�such�as�business�restructuring�costs.*�2018�(Cumulative)�data�includes�business�results�prior�to�the�acquisition,�which�are�unaudited.
Invested�in�Paid�Subscription�Business�While�Reviewing�Costs�in�Existing�Business,�Resulting�in�EBITDA�Within�Target�Range.
EBITDA�is�Expected�to�Improve�in�2020
A�comprehensive�cost�review�significantly�lowered�the�break-even�point,�but�the�decrease�in�advertising�revenue�resulted�in�losses
Enhanced�content�creation�and�effective�email�marketing�campaigns�have�boosted�the�paid�subscribership�while�managing�marketing�costs.
EBITDA�in�Existing�Business�(Advertising)
EBITDA�in�New�Business�(Paid�Subscription)
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06 Forecast for FY12/2020
35
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36
Forecast for FY12/2020: Mission
Combining technological innovation with human ingenuity to organise and analysebusiness information from around the globe, improving your productivity andunleashing your creativity.
Business Intelligenceto Change Your World
We believe that our business intelligence provides strong support for decision-making processes in today s global economy, bringing about real and meaningfulchange to the world.
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37
Aim�to�Develop�Services�That�Provide�Supportfor�Business�People�in�Various�Scenarios
Forecast for FY12/2020: Mission
I�want�to�have�a�good�grasp�on�global�business�informationand�develop�truly�global�enterprises
I�want��to�utilise the�latest�technology�to�start�a�new�business
I�want�to�maximise our�results�by�increasing�work�efficiency
I�want�to�draft�a�long-term�strategy�for�my�business
I�want�to�further�my�career�at�a�quicker�pace
I�want�to�increase�my�own�value�in�the�job�market
I�want�to�start�my�own�company�to�solve�issues�in�society
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Forecast for FY12/2020: Inter-Business Synergy
B2C Subscription�IncomeNet�Sales�of�JPY�1,815 MM�(15%)
PREMIUMUsers
ACADEMIAUsers
EVENTSAcquiring�leads�through�events
Registered�Users
4.50 million(as of end-December 2019)
Registered�Users
20 million UU(as of end-December 2019)
SaaS
Advertising�IncomeNet�Sales�of�JPY�4,624 MM�(39%)
B2B Subscription�IncomeNet�Sales�of�JPY�5,343 MM (45%)
We�Intend�to�Reach�a�Wide�Audience�of�Business�Professionals�via�B2C�Services�and�Convert�Them�into�Paying�Subscribers;�
We�Also�Plan�to�Create�a�Shared�ID�System�Usable�Across�All�Our�Services
*�Initial�costs�and�NewsPicks �video�production�and�external�sales�of�content�are�excluded.*�Quartz�is�excluded�from�the�Shared�ID�System.
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39
Forecast for FY12/2020: Change in Management Structure
Enhance�Co-Management�of�Business�by�Umeda�and�Inagaki�Through�a�Change�in�Management�Structure;�Focus�Not�Only�on�Individual�Business�Optimisation
but�Also�on�Optimal�Growth�of�the�Entire�Company
C O OC E OC o - C E O Board Director(Planned)
B E F O R E A F T E R
All�Japanese�
B2B�Services
Yusuke�Umeda Yusuke�Inagaki Yusuke�Umeda Yusuke�Inagaki Taira Sakuma
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289 458 718 1,123 1,9153,082
4,568
9,340
12,521
40
Unit: JPY MM
Net�Sales
EBITDA�Margin
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Positive�EBITDA8.8%
2.5%
-14.3%
-32.8%
-15.6%
9.2% 13.0% 12.7%
-3.3%
Focus�on�Returning�to�Profitability�in�2020,�Aiming�for�Net�Sales�of�JPY�15 16�Billion�and�Positive�EBITDA
(The�forecast�takes�into�the�consideration�the�suspension�of�operations�in�SPEEDAs�China�business�due to the effects�of�the�coronavirus�outbreak,�as�well�as�uncertainty�in�the�advertising�business)
15,000 16,000( 20 28%�YoY)
Forecast for FY12/2020: Overall Business Performance Forecast
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Forecast for FY12/2020: Progress Rate Against Profitability Goals Set in 2018
41
Profitability�Goals�Set�in�2018 Current�Progress
EBITDA�of�30%�by�2020 Achieved�1�year�early
Reach�profitability�by�2020
Reach�profitability�in�NewsPicks�Studio(NPS,�a�new�business)�by�2021NewsPicks �EBITDA�margin�(excl.�NPS)of�30%�by�2020
Reach�profitability�by�2022(goal�set�following�acquisition�in�2018)
Unchanged�
Changed�to�profitability�on�a�monthly�basis�(by�2020)
Reach�profitability�by�2019 Profitability�reached�as�per�plan
Changed�to�EBITDA�margin�of�20%�for�consolidated�NewsPicksbusiness�by�2022
Creating�a�Well-Balanced�Business�Portfolio
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07 Appendix
42
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Appendix (1)
43
Consolidated�P&L
*�Internal�transactions�between�segments�are�excluded.*�2018�(Cumulative)�for�Quartz�only�refers�to�five�months�following�its�acquisition�(August�to�December).*�Number�of�employees�includes�full-time�and�contracted�employees.�Uzabase s Board�Directors�(including�External)�and�Corporate�Division�employees�are�excluded.
2017 2018 2019(Unit:�JPY�MM) 2019
Net�Sales 4,565 9,340 12,521 Number�of�EmployeesNet Sales Growth Rate 48% 105% 34%
SPEEDA 2,825 3,610 4,530 211NewsPicks 1,661 2,962 4,177 184Quartz 2,414 2,942 188�Other�B2B�Businesses 79 353 870 73
EBITDA 595 1,187 -411EBITDA�Margin 13% 13% -Operating Profit 545 830 -1,236Operating�Profit�Margin 12% 9% -Ordinary�Profit 518 533 -1,429Ordinary�Profit�Margin 11% 6% -Net�Profit�Attributable�toParent�Company�Shareholders 438 610 -1,620
Net�Profit�Margin�Attributable�to���Parent�Company�Shareholders 10% 7% -
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Current�Assets 8,592 10,224 1,632
(Cash�and�Deposits) 5,725 7,954 2,228
Fixed�Assets 10,211 10,733 521
Total�Assets 18,804 20,958 2,154
Current�Liabilities 3,566 5,131 1,564
Fixed�Liabilities 8,920 8,695 225
Total�Liabilities 12,487 13,826 1,339
(Interest-Bearing�Debts) 9,574 9,879 305
Total�Net�Assets 6,316 7,131 815
Appendix (2)
44
Consolidated�Balance�Sheet�Comparison
*� Partial�Amendments�to�Accounting�Standard�for�Tax�Effect�Accounting �(Accounting�Standards�Board�of�Japan�Statement�No.�28�issued�on�16�February�2018)�have�been�applied�to�financial�statements�since�1Q�2019,�and�the�figures�for�the�previous�term�(Consolidated�Balance�Sheet�for�end-2018)�have�been�revised�retroactively�in�accordance�with�these�Amendments.
End-2018 End-2019 Change(Unit:�JPY�MM)
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Business Intelligenceto Change Your World
45
For�more�information�on�financial�records,�refer�to�the�full� FY2019�Financial�Report
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46
Disclaimer
The purpose of this material is to provide information to investors, and not tosolicit investment in any particular service.
The information disclosed in this material and projections for futureperformance are based on the data and information available at the timewhen this material was composed, andmay contain uncertainties.
Please be aware that the actual future performance and results may varygreatly from the projections due to various factors.
12�February�2020
©Uzabase,�Inc.�All�Rights�Reserved.