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GOLDMAN SACHS COMMUNICOPIA
& TECHNOLOGY CONFERENCE
September 6, 2023
DISCLAIMER
Forward Looking Statements
This presentation comprises ahead trying statements that contain dangers, uncertainties and assumptions. If the dangers or uncertainties ever materialize or the assumptions show incorrect, the Company’s outcomes could differ materially from these expressed or implied by such forward-looking statements. All statements aside from statements of historic reality could possibly be deemed forward-looking statements, together with, however not restricted to: data or predictions in regards to the Company’s future monetary efficiency, enterprise plans and goals, potential progress alternatives, potential pricing of merchandise, potential market management, financing plans, aggressive place, technological, trade or market traits and potential market alternatives. These statements are primarily based on estimates and knowledge obtainable to the Company at the time of this presentation and usually are not ensures of future efficiency. Actual outcomes may differ materially from the Company’s present expectations on account of many elements, together with, however not restricted to: present macroeconomic circumstances, together with however not restricted to the impacts of excessive inflation and the danger of a recession on demand for our merchandise, client confidence and monetary markets typically; the lingering impacts and future outbreaks of the COVID-19 pandemic and its impacts on its operations and the operations of its producers, retailers and different companions, in addition to its lingering impacts on the financial system general, together with capital markets; the Company’s skill to construct and keep the power of its model amongst gaming and streaming fans and its skill to repeatedly develop and efficiently market new gear and enhancements to present gear; the introduction and success of recent third-partyhigh-performance pc {hardware}, significantly graphics processing models and central processing models, in addition to refined new video video games; fluctuations in working outcomes; the danger that the Company just isn’t capable of compete with opponents and/or that the gaming trade, together with streaming and eSports, doesn’t develop as anticipated or declines; the loss or lack of ability to draw and retain key administration; the affect of world instability, such because the battle between Russia and Ukraine, and any sanctions or different geopolitical tensions that will end result therefrom; delays or disruptions at manufacturing and distribution services of the Company or third events; the Company’s skill to efficiently combine any firms or belongings it might purchase; forex change charge fluctuations or worldwide commerce disputes ensuing within the Company’s gear turning into comparatively costlier to its abroad prospects or leading to a rise within the Company’s manufacturing prices; and the opposite elements described underneath the heading “Risk Factors” within the Company’s Annual Report on Form 10-Ok for the yr ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) and its subsequent filings with the SEC. The Company assumes no obligation, and doesn’t intend, to replace these forward-looking statements, besides as required by legislation. Investors are urged to evaluation intimately the dangers and uncertainties outlined in Corsair’s SEC filings. You could get these SEC paperwork at no cost by visiting EDGAR on the SEC web site at http://www.sec.gov.
Non-GAAP Financial Measures
Included on this presentation are sure non-GAAP monetary measures, together with Adjusted Operating Income (Loss), Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss) and Adjusted Net Income (Loss) Per Share, which aren’t acknowledged underneath the commonly accepted accounting ideas (“GAAP”) within the United States and designed to enhance the monetary data introduced in accordance with GAAP within the United States as a result of administration believes such measures are helpful to traders. The non-GAAP measures have limitations as analytical instruments and you shouldn’t think about them in isolation of, or as an alternative choice to, measures ready in accordance with U.S. GAAP. The non-GAAP measures utilized by the Company could differ from the non-GAAP measures utilized by different firms. The Company urges you to evaluation the reconciliation of its non-GAAP monetary measures to essentially the most immediately comparable U.S. GAAP monetary measures set forth within the Appendix to this presentation, and to not depend on any single monetary measure to guage the Company’s enterprise.
Market & Industry Data
This presentation additionally comprises estimates and different statistical information made by unbiased events and by the Company referring to the Company’s trade, the Company’s enterprise and the marketplace for the Company’s merchandise and its future progress. This information includes quite a lot of assumptions and limitations, and you’re cautioned to not give undue weight to such estimates. In addition, projections, assumptions, and estimates of the Company’s future efficiency and the long run efficiency of the marketplace for its merchandise are essentially topic to a excessive diploma of uncertainty and threat.
OUR FULL SUITE OF PRODUCTS Greenscreen
Lighting
Headsets
Gaming
Controllers
Cameras
Ambient
Monitors
Gaming Chairs
Lighting
iCUE Murals
Thunderbolt
Docks
Stream Deck
Mice
Microphones
Keyboards
Mouse Pads
Cases
Power Supplies
Custom Cooling
CPU Coolers
Fans
Memory
Storage
Gaming PCs
Acoustic Panels
Capture Cards
Gaming Desk
Segment income
Gross Margin
2,000
1,800
35.2%
34.8%
1,600
$ 1,450 M
31.5%
32.4%
1,400
28.6%
1,200
27.7%
27.3%
27.0%
25.5%
1,000
800
20.6%
20.4%
21.6%
23.7%
23.0%
23.2%
600
400
16.9%
17.8%
18.3%
200
–
2018
2019
2020
2021
2022
2023MPG*
2018
2019
2020
2021
2022
Q2’23
Gaming Components and Systems
Gamer and Creator Peripherals
Total
* 2023MPG Midpoint of our income steering vary as of 8/3/2023
Note: 2018 and 2019 financials usually are not introduced on a pro-forma foundation for CORSAIR’s acquisitions of Elgato in 2018 and Origin and SCUF in 2019.
SIGNIFICANT WHITE SPACE OPPORTUNITY. THE MAJORITY OF GAMING HARDWARE TAM IS STILL CONSUMED BY A SMALL PERCENTAGE OF GAMERS
1,600M
Casual PC Gamers
Casual PC Gamers
Regular PC Gamers
Little Hardware Ownership, Younger Gamer
Pre-Built Gaming PC
(Casual PC Gamers)
160M
Regular PC Gamers
50%+
28M
PC Gaming Enthusiasts
of general TAM spent
PC Gaming
on this fast-growing
Enthusiasts
Self Built Gaming PC
core section
Source: DFC Intelligence (as of Q1’23).
5
Note: Total gamer counts eradicate double counting for avid gamers enjoying on a number of platforms.
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DisclaimerCorsair Gaming Inc. printed this content material on 05 September 2023 and is solely answerable for the data contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 23:19:06 UTC.
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Insider Sell: Corsair Gaming
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May. 15
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DurationAuto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax.PeriodDayWeek
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Corsair Gaming Inc. is a supplier and innovator of high-performance gear for avid gamers, streamers and content material creators. The Company’s private pc (PC) parts merchandise provide its prospects a number of choices to construct their personalized gaming and workstation desktop PCs. The Company operates by way of two segments: Gamer and creator peripherals, and Gaming parts and techniques. Gamer and creator peripherals section embrace its high-performance gaming keyboards, mice, headsets, controllers, and streaming gear, which incorporates seize playing cards, Stream Decks, Universal Serial Bus (USB) microphones, Facecam streaming digital camera, studio equipment, and EpocCam software program, in addition to teaching and coaching companies, amongst others. Gaming parts and techniques section Includes its high-performance energy provide models (PSUs), cooling options, pc circumstances, and DRAM modules, in addition to high-end prebuilt and custom-built gaming PCs and laptops, and gaming screens, amongst others.
More concerning the firm
SellBuyAverage goal price19.25USDSpread / Average Target+22.14%Consensus
https://www.marketscreener.com/quote/stock/CORSAIR-GAMING-INC-112833785/news/Corsair-Gaming-Presentation-44776810/
