Adam Kiciński and Piotr Nielubowicz: Welcome to the investor chat on financial results for the first half of 2020. We invite you to ask questions.
Marcin: Is Cyberpunk2077 being prepared for the new generation of consoles I mean mainly PS5?
Piotr Nielubowicz: Cyberpunk 2077 will work on them from the moment of the launch of the new generation of consoles thanks to backwards compatibility. For next year we plan to launch a dedicated version for next-generation consoles.
Michasx Blake: Are there going to be any workshops for young programmers to see how the team works and how the roles are divided?
Adam Kiciński: Not yet, we have to focus on our productions.
Guest Michał: Good morning. What expenses had the biggest impact in the second quarter on the position: net cash flow from investment activities?
Piotr Nielubowicz: These were expenses related to Cyberpunk 2077 production.
WiedzminGeralt: When is the premiere of the recently announced mobile game in Poland planned?
Piotr Nielubowicz: The release date will be announced later this year.
Ursu the Stoic: Good morning, two questions 1. Is the purchase by CD Projekt of the rights to Cyberpunk 2077 - and, for example, the release of the anime series (2021) in connection with it - aimed at building the company's position as a franchise manager, which would allow the company to go beyond the gaming area, or is it a purely marketing movement aimed at promoting and maintaining interest (and thus sustaining sales) in the game for a longer time. 2) Does the agreement with Mr. Andrzej Sapkowski (as we know, the content of the agreement has not been published, except for a brief announcement) assume the use of IP Witcher for products other than games?
Adam Kiciński: Ad1. Yes, we are developing our brands, while also providing marketing support for our brand.
Ad2. - Yes - already before the agreement we had rights to a wider group of products than the games themselves, e.g. comics or board games.
Guest: Do you plan to release Witcher 3 add-ons as an additional source of income and to satisfy players who have finished playing?
Piotr Nielubowicz: Over the 2 additions already published we do not plan to release any more additions to The Witcher 3.
SW-fan: Welcome. Respect the superhype on a global scale. There is probably no one who has at least not heard of Cyberpunk. But there are also voices saying that the game is drifted, and in fact it is technologically a little bit behind, so it may be less appreciated by reviewers looking for a hole in the whole. How do you look at it and what do you do about it?
Adam Kiciński: We strongly believe that the game will meet expectations.
af trader: I have a question about strange movements in the shares. 1. block sale much above the price. 2. buy for a lot of money. 3. issue for employees. What is the point, purpose and what is this about? Can this be interpreted as a safe exit in case of a possible poor sale of CP2077?
Piotr Nielubowicz: The company's buy-back of its own shares and the sale of part of the shares planned by the authorised parties (9.5% of the total shares from the incentive scheme) are directly related to the implementation of the said incentive scheme operating in 2016-2019.
af trader: Is the number of CyberPunk's forerunners publicly available? I am interested in the number itself and the Steam to Gog split.
Piotr Nielubowicz: We did not disclose this information.
Guest: Is it planned to open a new studio/branch in Warsaw or another city? If so, when?
Adam Kiciński: We will be expanding the Warsaw team - that is why we have invested in the Praga campus.
Guest: When will the CP2077 equipment requirements be announced?
Adam Kiciński: Closer to the premiere.
Guest: Will you involve cyberpunk 2077 even more in pop culture, like anime series or energy drink so far?
Piotr Nielubowicz: Yes
SW-fan: Gentlemen. You avoid shopping in the application, subscriptions, you do nothing with the multiplier. So you have an old model of selling the game for a large amount of money at one time. Don't you think it's slowly going away if it's not gone because the young generation simply consumes gaming differently?
Adam Kiciński: We work with both models. We always try to be fair to the players.
conrad: Will buying Cyberpunk 2077 for the current generation of consoles result in an access pass to the next generation or will you have to buy the game on PS5 separately?
Piotr Nielubowicz: All persons who will purchase Cyberpunk for the current generation of consoles will be able to make a free update after we release the next-gen version.
Shareholder: Has the company received or will it receive any payment due to the cooperation with Netflix within Cyberpunk?
Piotr Nielubowicz: As for Cyberpunk: EDGERUNNERS, naturally yes.
Guest: Is there any uncertainty about the November release date of CP2077?
Adam Kiciński: The premiere: 19.11.2020 r.
Berroh: Will remote working not disturb the premiere of Cyberpunkt 2077?
Adam Kiciński: We are doing well.
Guest: Do you think that Monster Slayer has potential similar to Pokemon GO? Who do you target mainly?
Adam Kiciński: We do not want to compare ourselves to any title. We direct our game not only to fans of the Witcher universe, but we also want to go out with it more widely.
accountant: Do the expenses on CP in unfinished development work account for the majority of costs capitalised there?
Piotr Nielubowicz: Yes, Cyberpunk is the biggest project in this position.
Shareholder: What further ideas do you have for the development of Guinea? Do you consider this project a success?
Piotr Nielubowicz: GWINT has had its best semester ever. We have a lot of new ideas for the future.
Player: Will Cyberpunk be or is it already being optimised for new generation consoles?
Adam Kiciński: The PC version already supports the latest ray tracing technologies, and in the future there will be an update on the next generation consoles, which will also ensure their support.
Guest: How does MAU look like for an android in Guinea compared to the same period since its launch on iOS?
Piotr Nielubowicz: We do not publish such data.
Shareholder: Do you have any ideas for creating another strong IP in RPG?
Adam Kiciński: We have many ideas waiting to be implemented.
Guest: Do you envisage making the Witcher 3 available in any of the programs such as XBOX Game Pass, or, for example, is there a deal with Epic similar to that of GTA V?
Adam Kiciński: The Witcher 3 is already available in the Xbox Game Pass.
Guest: Can we expect a marketing surprise on the E3(Keanu Reeves) level?
Adam Kiciński: We do not announce any surprises
curious: Is it possible to classify Cyberpunk expenditure within IPBox?
Piotr Nielubowicz: Our tax interpretations confirm that Cyberpunk 2077-type productions are eligible for settlement under the IP BOX (subject to a number of requirements and restrictions resulting from the regulations).
Interested: Do you still plan to increase the number of employees?
Piotr Nielubowicz: Yes, we are constantly growing and we do not plan to stop.
Shareholder: How many development teams currently operate in the capital group?
Adam Kiciński: Five teams from small to several hundred people.
Guest: Are you jelly that this War of Mine has entered the canon of school reading?
Piotr Nielubowicz: Congratulations to colleagues from 11 bit studios and kids
worried: Did you manage to put 100% of your abilities into the development of Cyberpunk2077 as part of remote work?
Adam Kiciński: We always give our best.
accountant: Did any milestone payments from partners go through the revenue?
Piotr Nielubowicz: No, advances for future royalties are included in accrued income in the balance sheet (liabilities).
Shareholder: How many external studies work or have they worked for Cyberpunk? Of course I ask about the project development.
Adam Kiciński: We work with many external partners on various aspects of our games, but the games are made in our studios.
Shareholder: How do you evaluate the pre-sale of Cyberpunk so far? What is the outlook for sale on the day of the launch?
Piotr Nielubowicz: We are very satisfied with the pre-sale of Cyberpunk to date.
Guest: COVID has probably ruined its marketing plans. Can you tell us something about the marketing campaign? Since when will Cyberpunk flood us with full power?
Piotr Nielubowicz: The most intensive wave of activities is planned for the period immediately preceding the premiere.
Guest: What will be the dilution under the adopted incentive scheme?
Piotr Nielubowicz: The incentive scheme for 2020-2025 provides for a maximum of 4 million rights to 4 million shares. Allowances can be exercised either with shares purchased from the market or with shares from a new issue.
investor_2k: How much CDR intends to spend on the CP77 marketing campaign?
Piotr Nielubowicz: The Cyberpunk marketing campaign will be by far the largest in our history.
Wojetek: The company is currently worth nearly 42 billion on the WSE and is by far the largest entity on the market. Assuming further increase in the company's capitalization, do you intend to go beyond the Polish market and enter the American stock exchange (dual-listing)?
Piotr Nielubowicz: For now we are focusing on Cyberpunk
important question: Good morning, will the characters in Cyberpunk be able to snore?
Adam Kiciński: Good idea for free DLC :D
Adam Kiciński and Piotr Nielubowicz: Thank you very much for participating in the chat. See you in the future!