NEW JOURNEY, NEW STANDARD
2020 2 12
3688
AGENDA
P.02
P.12
P.29
P.39
P.47
2019 12
10
2019 11.9%
2019 3.8
EBITDA 40.3 31
B/S 237
2019 2018 15 / 16 /
2019 12
10 16 38.3 109%
EBITDA48.7 108%)
2019 12 2018 10 2019 12
10 16
26,158 26,000 100.6%
22,965
3,839 3,500 109.7%
E B I T D A ※1 4,878 4,500 108.4%
2019 12
229 10.8 30.8 3.8
37.4 17.8%
2019 12 2019 1 12
12
※1 10 16
2018
22,927 20,701 +10.8% 22,769 100.7%
19,980 17,854 +11.9%
3,082 2,968 +3.8% 2,743 112.4%
3,746 3,179 +17.8%
E B I T D A ※2 4,033 4,335 ※3 -7.4% 3,657 110.3%
2019 12
2019 12 2019 1 12
※1
2018
10,308 9,484 +8.7%
※2
2,262 1,870 +21.0%
6,129 5,398 +13.5%
1,261 1,098 +14.9%
6,553 5,994 +9.3%
222 211 +5.3%
12
CCI
22,927
22,927
20,701
20,701
20,544
20,544
18,267
17,332
15,814
12,338
10,618
10,383
9,862
8,160
7,465 7,831
6,509
5,559
3,907
2,781
1,713
974 1,281
118 169 430
33
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
12
21.2 20.1
1.1
2,125 2,011
12
2018 1 12 ※1 2019 1 12
20,701 22,927 +10.8%
17,854 19,980 +11.9%
14,886 16,897 +13.5%
2,968 3,082 +3.8%
99 157 +58.8%
136 195 +43.2%
2,931 3,044 +3.9%
679 141※3 -79.2%
157 428※4 +172.7%
3,453 2,756 -20.2%
2,210 1,622 -26.6%
E B I T D A ※2 4,355 4,033 -7.4%
2018 9 ※1 2019 12
2018 9 2019 12
10,538 36,283 +25,744
5,679 14,546 +8,867
6,256 14,338 +8,081
16,794 50,621 +33,826
7,158 25,019 +17,861
858 1,881 +1,022
8,777 23,720 +14,943
16,794 50,621 +33,826
4,690 14,030 +9,339
2018 9 ※1 2019 12
602 5,901 +5,299
200 3,986 +3,786
-568 -548 +19
401 1,914 +1,513
5,679 14,546 +8,867
AGENDA
P.02
P.12
P.29
P.39
P.47
M&A
/
DSP / SSP
CPC SSP
PMP
/ 280
PMP
DMP
4
1 ID
3PAS
DOOH
CPI/CPA
PARTNER SALES
1,500
DMP DMP
12
103 8.7
22.6 21.0
10,308
9,977
9,484
2,810 2,983
3,123
3,002
962 2,262
2,135 1,870
1,957 1,725 306 663
362 842
2,349 226
2,058 2,284 287
504
1,351
1,085
2,838 3,013 702
2,471
-179
2017 2018 2019 2017 2018 2019
1 3 4 6 7 9 10 12 1 3 4 6 7 9 10 12
2019
/
2019 5 14 2019 9 12
2019 1 21 2019 8 21 2019 12 12
CCI SmartNews
SmartNews Branded
DataCurrent
Content Ads
CCI Google Marketing CCI TikTok Ads Award 2019
CCI Quark tokyo
Platform OOH
Mediator
2019 1 3 2019 4 6 2019 7 9 2019 10 12
2019 4 4 2019 6 19 2019 9 5 2019 10 25
CCI CARTA HOLDINGS
5 Fringe81 TV SunSetTV
BI lake.bi
AD PLATFORM
DSP /
/ PMP /
Google
DSP /
/
SSP
12
61.2 13.5
12.6 14.9
6,129
5,720
5,398
1,778
1,392
1,399
1,261
1,076 1,098
1,305 1,585
1,309 209 448
247
150 218
1,428
1,304 1,298 336
256 303
132
1,594 1,385 1,467 423 366 343
2017 2018 2019 2017 2018 2019
1 3 4 6 7 9 10 12 1 3 4 6 7 9 10 12
2010
2019
fluct Zucks
PORTO
2019 4 19 2019 8 1 2019 11 20 2019 12 17
PORTO CMerTV
CCI BEYONDX PMP
PORTO ATRAC
2019 1 3 2019 4 6 2019 7 9 2019 10 12
2019 5 8 2019 9 24 2019 12 12
fluct PORTO PORTO
radiko Oracle Data Cloud DOOH
CMerTV
2020 1 15 CMerTV
CMerTV
37,200 53.6
23,500
13,700 19.7
CONSUMER
HR EC
12
/
65.5 9.3 2.2 5.3
6,553
5,994
283
5,072 2,188
1,818
96
211 222
1,394
1,322 1,396 67
97
1,197
180
1,387 1,342 54
1,184 151
11 71
1,296 1,466 1,626 25
-31 -6 0
2017 2018 2019 2017 2018 2019
1 3 4 6 7 9 10 12 1 3 4 6 7 9 10 12
2019
HR EC
2019 3 19 2019 6 20 2019 9 24 2019 10 8
PeX PeX VOYAGE VENTURES
rakanu d AI CROSS
3
2019 1 3 2019 4 6 2019 7 9 2019 10 12
2019 4 9 2019 9 10 2019 10 1 2019 12 1
VOYAGE GROUP 12 1
Remone
10
AGENDA
P.02
P.12
P.29
P.39
P.47
CARTA2022
EBITDA 2022 60
EBITDA 32,000
20,701
6,000
4,335
3,676
2018 2019 (12 ) 2020 2021 2022
M&A
EBITDA
EBITDA 31.0 40.3
2022 EBITDA60
EBITDA
EBITDA
6,000
4,355 4,500
4,033
3,700
3,676 3,100
2018 2019 2020 2021 2022
2018 2019 2020 2021 2022
12
12
CARTA2022
DataCurrent
CARTA
fluct Zucks
PORTO
rakanu
2020
fluct Zucks
2020 12
2020 /
EBITDA 2020
※2
23,000 +0.3%
20,000 +0.1%
2,500 -18.9%
E B I T D A ※1 3,700 -8.3%
2020 12
10%
※1
9,300 -9.8%
9.8%
+2.8%
6,300 16.3
+16.3% ※2
7,400 +12.9% 12.9
678
499 406
290
237
171 182 406
118
182 178
118 118
2015 9 2016 9 2017 9 2018 9 2019 12
2020 16 / 8 / 8 /
%
20
16 16
15 15
10
8 8
10
15 15 25.4%
10 8 17.0%
10
8
16.0%
14.4% 16.2% 15.5%
2015 9 2016 9 2017 9 2018 9 2019 12 2020 12
2019 EBITDA
300,000
1.18
2.9
AGENDA
P.02
P.12
P.29
P.39
P.47
2019 12 5
2019 12 5
5.4%
12.9 ( 9.6% )
2019 12 5 2019 10 12
※1
※2
6,766 2,964 +128.3% 6,195 +9.2%
5,769 2,488 +131.8% 5,474 +5.4%
1,039 423 +145.3% 1,180 -12.0%
1,209 475 +154.3% 1,233 -1.9%
E B I T D A ※3 1,338 674 +98.4% 1,518 -11.9%
2.9
4.3 10.3
295 437
2.2 67.6 9.2%
VOYAGE GROUP CCI CCI
6,766
6,159 3,360
3,231 3,280
3,282 5,111
2,941 4,889
2,593 2,368
2,418 2,453
2,286
2,136 1,857
2,964 3,689
2,746 2,575 2,677
2,335 2,507 2,451
2,238 2,879 2,776
2,473
-37 -32 -283
1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12
2017 2018 2019
2.3 57.6 5.4%
VOYAGE GROUP CCI CCI
5,769
5,371 3,043
2,985 3,021
3,282
2,941 4,483
4,356
2,452 2,107
2,310
2,286 2,189
2,136
1,616
2,488
2,221 2,929
2,040 2,064 2,038 2,018
1,863 1,773 2,374
2,349
2,045
-202
1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12
2017 2018 2019
47.3
CCI 4,730
170
4,032 4,043 4,091
2,227
161 161 170
2,444 1,549
1,895
1,986 1,925 1,842 1,737 1,337 1,465 1,425
1,755
399
2,065 421 301 295
1,724 1,759
1,539 1,537 1,611 1,624 1,634
852
631 692 716 807 2,611
659 636 717
2,111 2,114 2,199
439
161 164 259 186 200 259 182
717 737 721 719 740 748 768 773
1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12
2017 2018 2019
2.4 10.3
VOYAGE GROUP CCI CCI
VOYAGE GROUP CARTA HOLDINGS
1,185
1,338
1,058
1,039
837
757 614
610
30.7%
452 392
24.9%
682 299 20.4% 20.9% 312
17.0% 114 592
17.5% 15.4%
12.9% 445 221 440 8.7% 18.0%
211 415 430
325 314 423 7.1%
9.2% 259
162 237
-165 -147 -163 -167
-279
1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12
2017 2018 2019
AGENDA
P.02
P.12
P.29
P.39
P.47
CARTA 2022
CARTA 2022
NEW JOURNEY, NEW STANDARD
CARTA − Phase1−
/
VOYAGE
CCI CARTA
GROUP
/
CARTA − Phase2−
/ OOH
1.5 2.5
CARTA CARTA
/
CARTA − Phase3−
/ / OOH
4
CARTA CARTA
CARTA
/
CARTA2022
EBITDA 2022 60
EBITDA 32,000
20,701
6,000
4,335
3,676
2018 2019 (12 ) 2020 2021 2022
M&A
2022
320
EBITDA
※1
60
ROE 12%
CARTA HOLDINGS
CARTA HOLDINGS
1999 10 8
1,096 2019 12
3688
12
22,927 2019 1 2019 12
※1 1,149 2019 12
CARTA HOLDINGS
2019 1 VOYAGE GROUP
VOYAGE GROUP
100% 47% v 53%
CCI
VOYAGE GROUP
v
CCI
100% 100%
2012
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '15 '16 '17 '18
VOYAGE GROUP fluct Zucks
ATRAC
fluct Zucks
VOYAGE MARKETING
DataCurrent rakanu
EC VOYAGE Lighthouse Studio
PeX
VOYAGE VENTURES
VOYAGE GAMES
C-POT Mediator
VENTENY PTE. LTD. SelvasM. Inc.
15
12 2019 15
2018 2019
10 12 4 6 7 9 10 12
7 9 1 3
9 2018 2020
2019 9
9 9
12 2018 2019 12
9 15
2
CCI
Beyond X PMP
Zucks fluct CMerTV
VOYAGE EC PeX
GROUP
EC FinTech HR
VOYAGE VENTURES
2021 4 ※1
2 ※2
VM
2 1 CCI
1 2 3 4 5
2018 10 12 2019 1 3 2019 4 6 2019 7 9 2019 10 12
VOYAGE 1
GROUP
CARTA HOLDINGS
2 2
CCI
※ CCI VOYAGE GROUP
CCI
VOYAGE GROUP VOYAGE GROUP
47% 53%
100% 100% VOYAGE GROUP
100%
VOYAGE GROUP CCI CCI
PPA※1 64.5
10 6.5 ※2
812
2,470
※3
3,177
6,459
645