JOYY : Presentation – June 2024

Published: 2024-06-04 07:36:09 ET YY

Company Presentation

June 2024

NASDAQ: YY

Disclaimer

This presentation has been prepared by JOYY Inc. (the "Company") solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed.

This presentation does not constitute an offer to sell or issue or an invitation or recommendation to purchase or subscribe for any securities of the Company for sale in the United States or anywhere else. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the "SEC") or an exemption from such registration pursuant to the Securities Act of 1933, as amended (the "Securities Act") and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or investment decision in relation to any securities or otherwise. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. Nothing contained in this presentation shall be relied upon as a promise or representation as to the past or future performance of the Company. Past performance does not guarantee or predict future performance. You acknowledge that any assessment of the Company that may be made by you will be independent of this presentation and that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

Certain statements in this presentation, and other statements that the Company may make, are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company's intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," "projects," "intends," "anticipates," "believes," "confident" or words of similar meaning. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company's operations and other factors, many of which are beyond the Company's control, and accordingly, actual results may differ materially from these forward-looking statements. The Company or any of its affiliates, advisers or representatives has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.

This presentation also contains non-GAAP financial measures, the presentation of which is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). In addition, the Company's calculation of these non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited. The reconciliation of those measures to the most comparable GAAP measures is contained within this document or available at the Company website https://ir.joyy.com/.

Company Overview

NASDAQ: YY | ir.joyy.com

Singapore

Our Mission

Enrich Lives Through Technology

A Global Technology Company and Leader in Social Entertainment

Diverse Product Matrix

Massive User Base

Extensive Localized Operations

Livestreaming

277mm

30+

Short Videos

Multiuser Social Networking

Instant Messaging

Global Monthly Active Users1

Localized Operation Offices

Leading Position

Geographic Coverage

Global Team

#2 Social App

150+

6,300

By Global Consumer Spend

in 20232

Countries

Employees Worldwide3

Notes:

1. Refers to the number of global average mobile monthly active users of the social entertainment platforms operated by the Company in 1Q24 from Company filings.

Our Strategy: Localization Through Globalization

Europe

North America

Japan & Korea

Middle East

South Asia

SEA

LATAM

Oceania

1Q2024 Total Revenues Distribution by Region

Developed Countries

Middle East1

Mainland China

SEA and ROW1

and Regions1

~52%

~15%

~11%

~22%

Note:

1. Percentage of the Company's total revenues (including livestreaming and other revenues) by region in 1Q2024 as disclosed in the Company's earnings release. Developed Countries and 5

Regions mainly included Japan, South Korea, the U.K., the U.S. and Australia. Middle East mainly included Saudi Arabia and other countries in the region. SEA and ROW mainly included

Indonesia, Vietnam, and rest of the world.

Data Snapshot

Group Revenue

Group Non-GAAP Net Profit1 BIGO Non-GAAP Net Margin1

In USD

1Q24

FY23

$564.6mm

$2.27bn

1Q24

FY23

$67.2mm

$292.5mm

1Q24

FY23

14.1%

15.7%

Group Operating Cashflow

Capital Return2

Total Cash Balance3

In USD

1Q24

$75mm

1Q24

$54.5mm

1Q24

$3.6bn

Notes:

Bigo Live: A Leading Global Social Livestreaming Platform

37.1mm MAU1 in 1Q24

Global User Base1

in mm

Developed Countries

Leading market position

40.3

MAU up by 8.9% YoY

Global social livestreaming platform

37.7 38.5

38.4

37.1

Expanding global presence

1Q23

2Q23

3Q23

4Q23

1Q24

North America, Europe, Middle East,

A Vibrant Community

Asia, Latin America, and beyond

Strong monetization capability

World's #2 Social App by Consumer

Spend in 20232

80%

Diverse

Users aged between

Mix of cultural

18-353

backgrounds

Source: Company filings, Company internal data, Data.ai (App Annie)

Notes:

1. Refers to the number of average mobile monthly active users of Bigo Live as disclosed in the Company's earnings release.

Data.ai (formerly known as App Annie) report, State of Mobile 2024, published in January 2024.

Internal data. Calculated as the number of monthly active users aged between 18-35 divided by the number of monthly

active users who provided age information as of the end of the quarter.

Bigo Live: Building Global Influence Through Innovative Local Operations

Music Festival

Bigo Live participated in the Sanremo Music Festival, the world-famous Italian song contest

Creator Support

In addition to its ongoing regional campaigns to discover new and talented creators, Bigo Live

and awards ceremony. As a partner organizer,

unveiled a new global creator incentive program,

Bigo Live showcased ten of its most talented

expanding its focus beyond experienced

streamers in a two-hour music extravaganza

professional streamers and PUGC to prioritize

that was streamed worldwide.

new amateur creators and UGC.

Integrating Corporate Social Responsibility

and Sustainable Development into Daily Operations

Likee: A Global Short Video Platform

37.5mm MAU1 in 1Q24

Leading market position

A global short video platform

Global presence

Middle East, Europe, SA, SEA, and beyond

Monetization ramping up

Saudi Arabia's #3 Social App by Consumer

Spend in 20232

Dual Monetization Initiatives

LivestreamingAdvertising

Ad revenue in FY23 up by 2.5 times

First year of profitability3 in FY23

Notes:

1. Refers to the number of average mobile monthly active users of Likee as disclosed in the Company's earnings release.

Data.ai (formerly known as App Annie) report, State of Mobile 2024 published in January 2024.

This is a non-GAAP measure and internal data. Product level profit/cashflow figures are mainly for the convenience of evaluating product performance only.

Disclaimer

JOYY Inc. published this content on 04 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2024 11:35:01 UTC.