MAY 2021
PRESENTATION
FY
MATERIAL
MAY 13, 2021
2020
FULL YEAR
2021 3
2489
2021 5 13
1. ...P.5
2. 4 ...P.17
3. ...P.27
4. ...P.29
5. ...P.36
6. ...P.54
chapter
Copyright © Adways Inc. All Rights Reserved. 2
2021 2 16
2021 6 24 21 22 (
) 2 1
2021 7 1
Copyright © Adways Inc. All Rights Reserved. 3
2021 2 16 2021 2 26
3,312,100 7.96%
2,999,996,300 3,000
2021 2 18 2021 2 25
2021 3 3 2021 3 4
25 62
[ ]
2021 3 4Q 2021 3 3Q
11,223 13,785 ▲2,562 ▲18.6%
※ 61
Copyright © Adways Inc. All Rights Reserved. 4
Fourth quarter
Chapter1 : Full Year FY2020 results
1 .
Copyright © Adways Inc. All Rights Reserved. 5
2021 3
[ ]
※1 47,200 1,230 1,400 900
49,020 1,626 1,866 1,422
※2 103.9% 132.2% 133.3% 158.0%
※1 2021 2 10 ※2 2
QR
Copyright © Adways Inc. All Rights Reserved. 6
[ ]
2021 3 2020 3
49,020 37,304 +11,716 +31.4%
8,767 6,504 +2,262 +34.8%
7,141 6,307 +833 +13.2%
1,626 197 +1,428 +724.9%
1,866 406 +1,459 +358.7%
1,422 164 +1,257 +763.4%
117 16 31.4% 14 28 724.9%
Copyright © Adways Inc. All Rights Reserved. 7
49,020
42,329 41,501 41,857
1,626
39,613
37,304
35,890
1,320
31,521
1,057
22,639
860 847
688 17,972 687 722
15,907
13,157
413
8,302 315 299
4,919 4,918 221 197
204
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
07
17
20
08
09
10
12
13
15
21
1
18
19
14
16
1
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
517
Copyright © Adways Inc. All Rights Reserved. 8
417 47
49,020 87 26.3
50,000
259 30
45,000
37,304
72 85 39.1%
40,000
UNICORN
35,000 QR
30,000 158 16
PCWeb Web
25,000 14 14 9.8%
20,000
15,000
10,000 59 17
5,000 27 14 84.8%
0 EC
2020 3 2021 3
12 2021 3
Copyright © Adways Inc. All Rights Reserved. 2020 1 12 9
259 30 25,930
25,000
72 85 39.1% 18,645
20,000
UNICORN
VOD 15,000
39.1%
10,000
5,000
QR 0
2020 3 2021 3
59 17 25,000
27 14 84.8% 20,000
84.8%
15,000
10,000 5,917
EC 3,202
5,000
12 2021 3 0
2020 1 12 2020 3 2021 3
Copyright © Adways Inc. All Rights Reserved. 10
87 67
49,020
50,000 22 62 34.8%
17.9% 0.5
37,304
40,000
30,000
17.9%
17.4%
20,000
8,767
10,000 6,504
0
2020 3 2021 3
Copyright © Adways Inc. All Rights Reserved. 11
7,141 71 41
7,000 8 33 13.2%
6,307
14.6% 2.3
6,000
4 54
5,000
4,000
3,000
16.9%
2,000 14.6%
1,000
0
2020 3 2021 3
Copyright © Adways Inc. All Rights Reserved. 12
1,800
1,626 16 26
1,600 14 28 724.9%
3.3% 2.8
1,400
1,200
1,000
800
600
3.3%
400
197
200
0.5%
0
2020 3 2021 3
Copyright © Adways Inc. All Rights Reserved. 13
1,866
2,000 1,600 1,422
1,800 1,400
1,600
1,200
1,400
1,200 1,000
1,000 800
800 600 2.9%
600 406 3.8%
400
400 164
200 1.1% 200
0.4%
0 0
2020 3 2021 3 2020 3 2021 3
18 66 14 22
14 59 358.7% 12 57 763.4%
3.8% 2.7 2.9% 2.5
Copyright © Adways Inc. All Rights Reserved. 14
37 43 1,866
179
2,000
1,626
1,800
1,600 の19
1,400
1,200
1,000
800
600
400
200
0
1 79 19
37
43
Copyright © Adways Inc. All Rights Reserved. 15
2,500 326
1,866
2,000
の120 1,422
1,500
の650
1,000
500
0
3 26 1 20
6 50
Copyright © Adways Inc. All Rights Reserved. 16
4
Chapter2 : Fourth quarter results
2 .
Copyright © Adways Inc. All Rights Reserved. 17
[ ]
2021 3 2020 3 4 2021 3 3
4
15,566 10,155 +5,411 +53.3% 11,961 +3,605 +30.1%
2,580 1,854 +726 +39.2% 2,192 +388 +17.7%
2,034 1,656 +377 +22.8% 1,795 +238 +13.3%
546 198 +348 +175.9% 396 +149 +37.7%
560 264 +295 +111.6% 438 +121 +27.8%
514 309 +205 +66.6% 315 +199 +63.2%
54 11 53.3% 3 48 175.9%
36 5 30.1% 1 49 37.7%
Copyright © Adways Inc. All Rights Reserved. 18
2019 3 3
15,566
11,961
11,489
546
10,038 10,155 10,003 493
9,330 9,026 8,997 9,125
396
198 189
121
103
34
4
2019/3Q 2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
109
Copyright © Adways Inc. All Rights Reserved. 19
130 68
15,566 32 30 32.8
16,000
77 56
14,000
13 47 21.0%
11,961
12,000
QR
10,000 53 12
PCWeb Web
8,000 18 82 54.9%
6,000
4,000
20 97
2,000 3 53 20.2%
0 EC
2021/3Q 2021/4Q
12 2021 3 4
Copyright © Adways Inc. All Rights Reserved. 10 12 20
15,566
16,000 25 80
3 88 17.7%
14,000
16.6% 1.7
11,961
12,000
10,000
18.3%
8,000
16.6%
6,000
4,000
2,580
2,192
2,000
0
2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 21
2,034
20 34
2,000
2 38 13.3%
1,795 13.1% 1.9
1,500 1 14
1,000
15.0%
13.1%
500
0
2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 22
600
546 5 46
1 49 37.7%
500 3.5% 0.2
396
400
300
3.5%
3.3%
200
100
0
2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 23
560
600 600
514
500 438 500
400 400
315
300 300
3.3%
200 200 2.6%
3.7% 3.6%
100 100
0 0
2021/3Q 2021/4Q 2021/3Q 2021/4Q
5 60 5 14
1 21 27.8% 1 99 63.2%
3.6% 0.1 3.3% 0.7
Copyright © Adways Inc. All Rights Reserved. 24
700
43
546 560
600
の9
500 の20
400
300
200
100
0
43 9
20
Copyright © Adways Inc. All Rights Reserved. 25
900 19
195
800
700 の11
560
600 514
500
の249
400
300
200
100
0
195 11
19 249
Copyright © Adways Inc. All Rights Reserved. 26
3
Chapter3 : Shareholder returns
.
Copyright © Adways Inc. All Rights Reserved. 27
20
1 1
2021 3 1 8 42
20% 1 2 60
20% 1 7 42
1 1 00
Copyright © Adways Inc. All Rights Reserved. 28
4
Chapter4 : Forecasts
.
Copyright © Adways Inc. All Rights Reserved. 29
2021 4 22
3 31 12 31
12 31 12 31
2021 6 24 21
Copyright © Adways Inc. All Rights Reserved. 30
2021 4 22
2021 12 9 12
12
2021 2022
1 3 4 6 7 9 10 12 1 3
- 1 2 3 1
3
1 2 3 1
12
2022 12 2022 1 1 2022 12 31 12
Copyright © Adways Inc. All Rights Reserved. 31
2021 12 (
29 )
2021 12
Copyright © Adways Inc. All Rights Reserved. 32
2021 12 [ ]
2021 12
38,183 490 580 170
9 ※1
2021 3
34,468 1,131 1,392 962
9 ※2
2021 3
9
+10.8% ▲56.7% ▲58.4% ▲82.3%
※3
2021 12
7,500 490 580 170
9 ※1
※1 P31 9 12 ※2 2021 3 ( 12 ) 9
4 12 ※3 2
Copyright © Adways Inc. All Rights Reserved. 33
2021 12 7.1
2021 12
9 7.1 4.9 12
2021 3 9 11.3
Copyright © Adways Inc. All Rights Reserved. 34
2021 12
2021 12 3 2021 12 2023 12 1
22 21% 1 1 2 70
10 1
3 2021 12 2023 12
22 23 24
2021 12 2022 12 2023 12
21% 22% 23%
1 2 70 1 2 80 1 2 90
3 31 12 31 30
Copyright © Adways Inc. All Rights Reserved. 35
Fourth quarter
5
Chapter5 : business overview
.
Copyright © Adways Inc. All Rights Reserved. 36
(COVID-19)
2021 3 3
2021 3 4
4 c
4 c
3
VOD
4 c
4 c
2 3
3
Copyright © Adways Inc. All Rights Reserved. 37
(COVID-19)
2021 3 3
2021 3 4
12
4 10 12
4 c
4 c
3
(
4 c
Copyright © Adways Inc. All Rights Reserved. 38
Fourth quarter
Copyright © Adways Inc. All Rights Reserved. 39
Copyright © Adways Inc. All Rights Reserved. 40
UNICORN
Fourth quarter
UNICORN
1,018
1,000 969 958
900
800 765
700
624
600
500
442
394
400
317
300 259 269
242
191
200 153
135 139 130 138
120 109
69 89
100
48 54 60 54 59
0
2018/4Q 2019/1Q 2019/2Q 2019/3Q 2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
2021 3 1 2021/1Q
About UNICORN
Copyright © Adways Inc. All Rights Reserved. 41
UNICORN
Fourth quarter
1,200
1,000
2021 3 4Q
800
600 611
36% 400 415
64% 200
346
209
0
2020/4Q 2021/4Q
UNICORN
About UNICORN
Copyright © Adways Inc. All Rights Reserved. 42
UNICORN
Fourth quarter
1,200
1,000
2021 3 4Q 108
800
117
123
14
11% 600
40
103
12%
400
609
13% 64% 200
466
0
2020/4Q 2021/4Q
VOD VOD
EC Web
About UNICORN
Copyright © Adways Inc. All Rights Reserved. 43
UNICORN
Fourth quarter
App Web
Web
About UNICORN
Copyright © Adways Inc. All Rights Reserved. 44
UNICORN
Fourth quarter
Google
TV GENIEE DOOH
About UNICORN
Copyright © Adways Inc. All Rights Reserved. 45
Copyright © Adways Inc. All Rights Reserved. 46
Fourth quarter
UNICORN Interactive AD
UNICORN
Banner／Video
Reward Video
Native／Interactive
approved list
Copyright © Adways Inc. All Rights Reserved. 47
Web AR
Fourth quarter
AR
Copyright © Adways Inc. All Rights Reserved. 48
Copyright © Adways Inc. All Rights Reserved. 49
※1 ※2
× ADWAYS
※1
※2
Copyright © Adways Inc. All Rights Reserved. 50
Fourth quarter
20/4Q 21/1Q 21/2Q 21/3Q 21/4Q 20/4Q 21/1Q 21/2Q 21/3Q 21/4Q
3
Copyright © Adways Inc. All Rights Reserved. 51
Copyright © Adways Inc. All Rights Reserved. 52
2021 5 13
Copyright © Adways Inc. All Rights Reserved. 53
Fourth quarter
6
Chapter6 : Supplementary materials
.
Copyright © Adways Inc. All Rights Reserved. 54
PC /
49,020
42,329 41,501 41,857
39,613
35,890 37,304
31,521
22,639
2006
17,972
15,907
13,157
8,302
4,919 4,918
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
18
11
15
20
16
19
08
14
17
10
09
07
12
21
13
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Copyright © Adways Inc. All Rights Reserved. 55
1,626
1,320
1,057
860 847
688 687 722
413
315 299
204 221 197
517
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
16
19
08
14
17
10
09
07
12
21
13
18
11
15
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Copyright © Adways Inc. All Rights Reserved. 56
15,566
16,000
14,000
11,961
11,489
12,000
10,155 10,003
9,330
10,000 9,026 8,997 9,125
8,000
6,000
4,000
2,000
0
2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 57
14,000
13,000
12,000
11,000
10,000
9,000
8,000
7,000
6,000
82.7% 83.5% 83.3% 82.4% 83.0% 82.3% 83.9%
5,000 81.8% 82.1%
4,000
82.1% 83.9% 83.2% 81.6% 81.7% 82.0% 81.7% 83.4%
80.9%
3,000
2,000
1,000
0
2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 58
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
17.6% 17.3%
16.3% 16.1%
600 14.8% 15.0%
13.1%
400
200
0
2019/4Q 2020/1Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 59
546
493
600
3.5%
4.3%
396
500
3.3%
400
198 189
300
2.0% 1.9%
103
200
34 1.1%
109 4
100
0.4%
-% 0.1%
0
-100
-200
2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
Copyright © Adways Inc. All Rights Reserved. 60
[ ]
2021 3 4Q 2021 3 3Q
20,275 19,105 +1,169 +6.1%
9,944 11,973 ▲2,028 ▲16.9%
3,473 3,602 ▲129 ▲3.6%
23,748 22,708 +1,040 +4.6%
12,275 8,575 +3,699 +43.1%
249 346 ▲97 ▲28.2%
12,525 8,922 +3,602 +40.4%
11,223 13,785 ▲2,562 ▲18.6%
4
Copyright © Adways Inc. All Rights Reserved. 61
15,566
16,000
14,000 11,961
11,489
12,000 10,155 10,003
10,000
8,000
6,000
4,000
2,000
0
2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
4,957 5,306 6,458 6,408 7,756 +1,347 +21.0%
3,784 3,629 3,446 3,429 5,312 +1,882 +54.9%
1,167 814 1,261 1,744 2,097 +353 +20.2%
162 146 190 202 216 +14 +7.1%
82 106 132 176 183 +7 +4.2%
10,155 10,003 11,489 11,961 15,566 +3,605 +30.1%
Copyright © Adways Inc. All Rights Reserved. 62
546
1,200 493
396
1,000
198 189
800
600
400
200
0
-200
-400
-600
-800
2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
699 697 960 828 1,068 +239 +28.9%
の50 の77 の34 の5 0 +4 －
10 11 17 20 0 の20 の97.8%
の38 の49 の27 の4 の9 の4 －
の423 の392 の423 の442 の512 の69 －
198 189 493 396 546 +149 +37.7%
Copyright © Adways Inc. All Rights Reserved. 63
1,200
961 973
891 914 900 904 915 924 913
1,000
800
600
400
200
0
2019/4Q 2020/1Q 2020/2Q 2020/3Q 2020/4Q 2021/1Q 2021/2Q 2021/3Q 2021/4Q
510 533 521 512 506 533 535 546 558
78 84 95 91 88 82 83 90 75
90 102 99 96 100 102 100 105 99
90 85 87 92 96 98 104 107 110
123 110 98 113 125 109 139 125 71
891 914 900 904 915 924 961 973 913
Copyright © Adways Inc. All Rights Reserved. 64
Adways Inc.
2001 2 28
1,622 [ 2021 3 ]
49,020 [ 2021 3 ]
913 [ 2021 3 ]
Copyright © Adways Inc. All Rights Reserved. 65