Ubisoft 2000 Annual Report Download

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UBI SOFT FINANCIAL
REPORT
2000/2001

Table of contents

  • Page 1
    UBI SOFT FINANCIAL REPORT 2000/2001

  • Page 2
    UBI SOFT / REFERENCE DOCUMENT >>> 2000/2001 A joint stock company with capital of FF 34,181,330 divided into 17,090,665 shares with a face value of FF 2 Registered office: 61, rue Saint Hélier -35000 Rennes (France). Phone: 33 (0)1 48 18 50 00 Rennes Companies Register no. R.C.S. 335 186 094 Code...

  • Page 3
    ...the property of their respective owners. / XIII. © Van Hamme - Vance / Dargaud Benelux (EDL-B&M S.A.) 2000 Dargaud © 2001 Ubi Soft Entertainment. All rights reserved. / Largo Winch. © DUPUIS. / Armored Core 2. © 2000 From Software Co., Ltd. All rights reserved. Published and distributed by Crave...

  • Page 4
    ... on March 31, 2001 6.2. Corporate accounts on March 31, 2001 7. BOARD OF DIRECTORS AND MANAGEMENT TEAM OF THE UBI SOFT ENTERTAINMENT GROUP 8. RECENT DEVELOPMENTS AND OUTLOOK 8.1. Recent developments: steady business in the first quarter of the 2001/2002 financial year 8.2. Outlook and strategy 3

  • Page 5

  • Page 6
    ...data in this reference document correspond to the facts. They include all the information investors need to assess the net worth, activity, financial position, results and prospects for Ubi Soft Entertainment... Delquié (Manager: Benoît Fléchon) 84, boulevard de Reuilly 75012 Paris Alternate: 1996...

  • Page 7
    ... document in order to identify any significant inconsistency with information on the financial position in the accounts and to report any manifestly incorrect information which came to light based on the general understanding of the company which we acquired in the course of our work. In the case of...

  • Page 8
    UBI SOFT / REFERENCE DOCUMENT 2 Not applicable. 7

  • Page 9
    ...business office. 3.1.8. Accounting period The company's accounting period starts on April 1 and ends on March 31 each year. > the creation, publishing and distribution of all kinds of multimedia, audiovisual and computer products, especially video games, educational and cultural software, cartoons...

  • Page 10
    ... and dispose of the shares purchased; > deliver shares in payment or exchange for the purposes of external growth; > grant stock options to the employees and/or officers of the company and/or its Group. As part of this share buyback program, by April 4, 2001 the company had acquired 634,395 of its...

  • Page 11
    ... years in the name of the same shareholder. In the event that the company assets are increased by the incorporation of reserves, profits or issue premiums, this right is also conferred, upon issue, on registered shares awarded free of charge to a shareholder on the basis of old shares by virtue of...

  • Page 12
    ... 13, 2000 authorized the Board of Directors to grant Group employees stock options giving the right to subscribe for a maximum number of shares totaling 2.5% of the number of shares making up the share capital at the time the Board of Directors made use of this authorization. Making use of the...

  • Page 13
    ... 400,000 PLAN NO SHARE SUBSCRIPTION OR PURCHASE OPTIONS GRANTED DURING THE FINANCIAL YEAR Options granted to corporate officers Options granted to the ten non-officer employees with the highest number of options: - 2 employees (information for each) - 1 employee - 6 employees (information for each...

  • Page 14
    ... DATE NATURE OF TRANSACTION NUMBER OF SHARES NUMBER OF SHARES (CUMULATIVE) AMOUNT OF INCREASE IN CAPITAL SHARE FACE VALUE (IN FF) ISSUE PREMIUM (IN FF) ACCUMULATED AMOUNTS IN CAPITAL (IN FF) BY CASH CONTRIBUTION (IN FF) BY CAPITALIZATION (IN FF) 03/1986 Formation of the company 09/1990 Increase in...

  • Page 15
    ... were 40,858 shareholders. On May 30, 2001 the financial markets regulatory body announced that Amvescap Plc had exceeded the threshold of 5% of the capital of Ubi Soft Entertainment voting rights. This London company now directly holds 871,322 shares and voting rights in Ubi Soft Entertainment. 14

  • Page 16
    ...SOFT / REFERENCE DOCUMENT CHANGES IN CAPITAL AND VOTING RIGHTS...Total for Guillemot Family Public and Group employees Total 4,206,263 152,045 152... 2,400 1,205,328 1,019,015 2,224,343 CAPITAL NUMBER OF SHARES PERCENTAGE VOTING RIGHTS NUMBER OF VOTING RIGHTS PERCENTAGE 10.708% 10.817% 10.707% 10.817...

  • Page 17
    ...2.6 4.7 8.7 4.1 8.2 28.9 25.4 36.3 83.0 267.7 256.8 103.6 64.3 39 24.3 74.7 54.9 40.2 65.7 46.6 32.8 34 21.5 (1) These data factor in the 5-for-1 stock split on January 17, 2000 (2) Monthly average, weighted to reflect the trading volumes at the closing price Source: FERRI Stock Market Company 16

  • Page 18
    ... the management report by the Board of Directors and the general report by the statutory auditors, the General Shareholders' Meeting approves the corporate and consolidated accounts for the year ending 03/31/01 as presented, together with the transactions recorded in these accounts or summarized...

  • Page 19
    ... stock market, either over-the-counter or in blocks, > to grant stock options to the employees and/or officers of the company, or to propose the acquisition of shares on the terms laid down in Article 443-1 et seq. of the Labor Code and the second paragraph of Article L 225-196 of the Commercial...

  • Page 20
    ... any event within the limit of their request. If subscriptions by virtue of the pre-emptive right of shareholders of record and, where applicable, a subsidiary right do not absorb the entire issue of shares or securities stipulated above, the Board may use one or more of the following options in the...

  • Page 21
    ... decides, be exercised by the shareholders in their capacity as shareholders of record or as a subsidiary right. 5 - Hereby decides that, if subscriptions by the shareholders and other investors do not absorb the entire share or securities issue stipulated above, the Board may use one or more of the...

  • Page 22
    ...capital in one or more tranches by issuing cash shares whose subscription shall be reserved for employees of the company and its subsidiaries who, pursuant to Article L 225-180 of the Commercial Code, have enrolled in a Group savings plan. The total number of shares which may be subscribed by virtue...

  • Page 23
    ... issued as the beneficiaries of stock subscription options exercise those options. The Board of Directors may not grant options to officers and employees of the company and its subsidiaries who hold more than 10% of the share capital, pursuant to Article L 225-182 of the Commercial Code. The number...

  • Page 24
    ... opening market prices for all the trading days included in the subscription period. (b) In the case of an increase in capital by incorporating reserves, profits or issue premiums and allocating bonus shares, or in the case of the division or consolidation of shares, the new number of shares which...

  • Page 25
    ... the prices in the daily activity report for unlisted securities, or using a value determined by an expert. (e) Acquisition, merger or demerger In this case, holders of subscription warrants who exercise their warrants shall receive shares from the acquiring company or the new company. The number of...

  • Page 26
    ... its profits. However, the company may create non-voting preferred shares, provided that the rights of holders of share subscription warrants are reserved. In the event of transactions involving a pre-emptive subscription right reserved for shareholders of record, holders of warrants from this issue...

  • Page 27
    ..., with the exception of the company itself, Ubi Soft Entertainment. They shall represent the totality of shareholders. They shall be called and held in accordance with the conditions set by the Commercial Code. The General Meetings shall be held at the registered office or at any other place...

  • Page 28
    ... third-party products; In the spring, Ubi Soft Entertainment SA released POD, the first racing to take part in the design and marketing of Ubi Soft products; game to use Intel's MMXâ„¢ technology. Ubi Soft also published Grand > Prix 2 (Microprose), which topped the PC sales charts in France. > to...

  • Page 29
    ...with the creation of > new design and production facilities in New York, Barcelona, Milan The Group restructured itself into its current organization. The sale and marketing of products was divided between two geographic centers: EMEA (Europe, Mid East, Asia) and the USA. A corporate structure based...

  • Page 30
    ... Graphics SARL (France) Ubi Sound Studio SARL (France) Ubi Soft Divertissements Inc (Canada) Shanghai Ubi Computer Software Co Ltd (China) Ubi Networks SARL (France) Ubi Soft Entertainment Sarl (Morocco) Ubi Voices Inc (USA) Ubi Music Publishing Inc (Canada) Ubi Info Design SARL (France) Ubi World...

  • Page 31
    ... the software leads to the creation of a story board adapted to a predefined type of consumer, and on this basis the heads of sales and marketing in the USA, Europe, Middle East and Asia provide sales estimates to help set the budget for the production teams. In designing games, Ubi Soft teams have...

  • Page 32
    ...Group's international network helps exploit the commercial potential of a given license. When a possible license is identified, the rapid response of Ubi Soft's teams makes it possible to propose a game design to potential partners very quickly. There are three pillars to Ubi Soft's license strategy...

  • Page 33
    ... impact and approval tests. With regard to sales promotion, Ubi Soft has signed a number of partnership agreements with established brands in quick succession in order to make its games better known. Finally, online marketing is a key focus of Ubi Soft's marketing strategy. Our sites today are not...

  • Page 34
    ... PS2 launch and Christmas. PS2 games immediately took a 7 to 8% market share, and accounted for 10% of Ubi Soft's total sales. The Nintendo handheld console, Game Boy® Advance (GBA), should also help sustain the market in 2001. After its launch in Japan in March (1,100,000 units sold in the first...

  • Page 35
    ... in sports and extreme sports. > Japanese publishers produce hits with sales in the millions: > among the Europeans are several French companies: Infogrames, the second-largest independent publisher worldwide, and Ubi Soft, which ranks tenth globally among listed companies, and second in Europe...

  • Page 36
    ... copies of the Rayman line sold around the world. > Signing of a publishing and distribution agreement with Entertainment Software Publishing Inc (ESP) for Grandiaâ„¢2 Dreamcast, covering Europe and North America. July 2000 > Acquisition of a 60% holding in 3D Planet SpA (Italy). The Group has been...

  • Page 37
    ... in the history of video games in Germany: The Settlers Series® had global sales of 2.7 million units, and The Battle Isle Series™ sold 650,000 copies around the world. In 2000, Blue Byte had sales of 9.5 million euros. This acquisition will make Ubi Soft the fifth leading video game publisher in...

  • Page 38
    ... of titles produced in-house and in co-production (thirdparty): 2000/2001 1999/2000 1998/1999 Number of titles 61 34 20 > acquisition of leading brands; > internal growth; > establishment of a global distribution network; > early positioning on new platforms. Four lines had sales of more than...

  • Page 39
    ... prices due to the release of >a significant downturn in the first half-year on old-generation consoles (N64 and Dreamcast). e) Sales by geographic area FINANCIAL YEAR IN MILLIONS 2000/2001 SALES % SALES 1999/2000 SALES % SALES France Europe USA / Canada Asia / Australia Rest of the world TOTAL...

  • Page 40
    ...1,083 203 188 1,474 Breakdown of Ubi Soft Entertainment SA staff around the world as of March 31, 2001: COUNTRY Germany Australia Austria Belgium Brazil Canada China Denmark Spain United States France Great Britain Netherlands Italy Japan Morocco Norway Romania Sweden TOTAL 81 8 4 6 3 338 266 20 64...

  • Page 41
    ...-house in dedicated structures (Ubi Studios in Paris and Ubi Simulations in Annecy), or by teams in subsidiaries in China, Canada, Romania, Italy and Morocco. The engine is the software program that makes the game work. It is what the end user executes. It consists of a set of modules (lines of code...

  • Page 42
    ... (multimedia application generator): designed for Tim 7 in 1995. This type of engine is used in most educational and cultural software. Ubi Soft is working to develop products which incorporate the latest technological innovations in order to produce better-quality games with a longer product life...

  • Page 43
    ...large number of local, national and international networks using common protocols, thus allowing files and messages to be transferred between different types of computers. X-box: 64-bit game console designed by Nintendo in 1995 as part of the "new generation" (64-bit consoles). Platform: Microsoft...

  • Page 44
    ..., Benelux, Italy, Spain): the chain makes centralized purchases of the items, but uses a distributor to deliver them to each of its stores. > > Ubi Soft's ten largest customers account for 31.9% of the Group's pre-tax sales. Dependence on manufacturers: Ubi Soft, like all publishers of games for...

  • Page 45
    ...Capital (1) Premiums (1) Consolidated reserves and earnings (2) Other (3) Share capital (Group share) Minority interests Provisions for risks and charges Borrowings (4) Current accounts of the partners Advances and installments received Trade creditors and other accounts payable Sundry creditors and...

  • Page 46
    .../expense VII Corporate tax VIII Net profit of consolidated companies Share of earnings of equity affiliates Amortization of goodwill Total net profit of consolidated company Minority interests Net profit (Group share) Earnings per share Fully diluted earnings per share (calculated using OEC opinion...

  • Page 47
    ... in share issue premium Increase in issue premium on shares with warrants Grants received Increase in shareholders' current accounts Reimbursement of shareholders' current accounts Other flows Total flows arising from financial transactions Impact of translation differential Net cash flow Net cash...

  • Page 48
    ... items of the acquired companies; Accounts Highlights of the financial year During the financial year, Ubi Soft Entertainment SA took over Red Storm Entertainment and Blue Byte, purchased the assets of The Learning Company and acquired a 60% holding in 3D Planet SpA. France, Germany, Belgium and...

  • Page 49
    ... Accounts as if the Company had acquired the assets directly using loan finance. g) Inventory and work-in-progress The inventories of all Group companies are valued, after eliminating internal margins, on the basis of the cost prices determined in normal trading. Inventory is valued using...

  • Page 50
    ... SA France Ludi Factory SARL France Sinister Games Inc USA UBI EMEA SARL France UBI Soft Holdings Inc USA Red Storm Entertainment USA 3D Planet SPA Italy UBI Administration SARL France UBI Soft Canada Inc Canada Blue Byte Software Inc USA Blue Byte Software Ltd United Kingdom Blue Byte Software GmbH...

  • Page 51
    ...UBI SOFT ENTERTAINMENT SWEDEN AB UBI MUSIC INC GAMEBUSTERS GMBH UBI EMEA SARL UBI ADMINISTRATION SARL UBI SOFT HOLDINGS INC RED STORM ENTERTAINMENT UBI SOFT EDUTAINMENT SA LUDIMEDIA SA LUDI FACTORY SARL SINISTER GAMES INC 3D PLANET SPA BLUE BYTE SOFTWARE INC BLUE BYTE SOFTWARE LTD BLUE BYTE SOFTWARE...

  • Page 52
    ..., where applicable. ACQUIRED COMPANY IN '000 FRENCH FRANCS UBI Studios SA UBI Pictures SARL Ubi Soft Inc Ubi Soft Entertainment Ltd Ubi Soft Entertainment GmbH Sinister Games Inc 3D Planet SPA Blue Byte Software Ltd Blue Byte Software GmbH CO.KG Blue Byte Software Inc Red Storm Entertainment TOTAL...

  • Page 53
    ... FIXED ASSETS a) Commercial software Commercial software breaks down as follows as of March 31, 2001: TANGIBLE FIXED ASSETS (IN '000 FRENCH FRANCS) Released parent software programs External developments Software in progress Software tools Other licenses Office software Miscellaneous Other TOTAL...

  • Page 54
    ... Ubi Soft Entertainment SA corporate accounts, but if they were to be valued at less than their book value, a provision for amortization would be made. In order to monitor shifts in the value of assets, we have set up a value monitoring system based on activity and profitability criteria (sales, net...

  • Page 55
    ...and work-in-progress break down as follows: GROSS 312,723 312,723 NET 306,162 306,162 Goods TOTAL The increase in inventory as of March 31, 2001 is closely linked to the acquisition of companies during the year (Red Storm, Blue Byte, TLC), to the growth in business and to the releasing of products...

  • Page 56
    ... are taken to earnings in proportion to sales made of the licensed products. >>> VII. TRADE RECEIVABLES 03/31/01 PROVISIONS 13,421 13,421 03/31/00 NET 574,124 574,124 Trade and other receivables break down as follows: (IN '000 FRENCH FRANCS) Trade receivables TOTAL GROSS 538,125 538,125 NET...

  • Page 57
    ...On March 31, 2001, Ubi Soft Entertainment SA's capital consisted of 16,909,122 shares with a face value of FF 2 each, i.e. FF 33,818,244. Change in share capital TRANSLATION DIFFERENTIAL INCOME OTHER GRANTS RECEIVED TOTAL SHARE CAPITAL CAPITAL PREMIUMS CONSOLIDATED RESERVES Situation at March 31...

  • Page 58
    ... options The capital increases and issue premiums during the past financial year were partly driven by the exercising of stock options. For the record, the exercise conditions of the stock option plans are as follows: Initial number of shares Face value Subscription price Date of validity 1ST PLAN...

  • Page 59
    ... of the first convertible bond issue: Number and face value: 167,000 bonds with a face value of FF 600 Issue price: FF 600 per bond Due date and settlement day: October 10, 1997 Term of bond: 5 years and 173 days Annual yield: 2% per year, or FF 12 per bond, payable on April 1 of each year...

  • Page 60
    ...94,022 1,704,277 % 13% 13% 6% 5% 24% 7% 27% 5% 100% Breakdown of sales by geographical area: GERMANY GB SCANDINAVIA ITALY FRANCE OTHER EUROPEAN COUNTRIES USA REST OF THE WORLD TOTAL Breakdown of sales by activity: DISTRIBUTION DEVELOPMENT PUBLISHING TOTAL FF '000 55,560 1,120,562 528,155 1,704,277...

  • Page 61
    ... This total essentially reflects the fall in dollar values between the historic value and the closing rate on March 31, 2001. Currency risk: In order to hold down the Group's foreign exchange risks, Ubi Soft Entertainment covers currency risks in several ways: > when the parent company loans foreign...

  • Page 62
    ... As of March 31, 2001, net exceptional income was generated by the sale of Game Service to GameLoft.com SA and divestment of trademark utilization rights to Ludi Wap SA, as well as exceptional depreciation of intangible fixed assets connected with projects abandoned during the financial year. As of...

  • Page 63
    ... Current earnings of consolidated companies Extraordinary charges and income Corporate tax Net profit of consolidated companies Share of earnings of equity affiliates Amortization of goodwill Total net income of consolidated company Minority interests Net profit (Group share) 1,860,595 570,135...

  • Page 64
    ... (1) Premiums (1) Consolidated reserves and earnings (2) Other (3) Share capital (Group share) Minority interests Provisions for risks and charges Borrowings (4) Current accounts of the partners Advances and installments received Trade creditors and other accounts payable Other debts & deferred...

  • Page 65
    ...CONSOLIDATED ACCOUNTS STRUCTURE September 2000 September 2000 September 2000 September 2000 September 2000 February 2001 February 2001 February 2001 Red Storm Entertainment Ubi Soft SA Ludimedia SA Ludi Factory SARL 3D Planet SpA Blue Byte Software INC Blue Byte Software LTD Blue Byte Software GmbH...

  • Page 66
    ... accounts of UBI Soft Entertainment SA for the financial year to March 31, 2001, as appended to this report. The consolidated accounts were given final approval by the Board of Directors on September 12, 2001, following strict application of the provisions governing the handling of deferred taxes...

  • Page 67
    .../00 '000 533,305 Capital Premiums Reserves Earnings Net investment grants Equity capital Provisions for risks and charges Bond debentures Debts (1) (2) Miscellaneous financial debts (3) Trade creditors and other accounts payable Tax and social security liabilities Debts on fixed assets Other debts...

  • Page 68
    .../expense Operating income less net financial income/expense Exceptional income/expense Income before tax Corporate tax Net income for financial year (1) including revenue from affiliated companies (2) including expenses from affiliated companies 1,059,175 42,361 1,101,536 637,048 (56,674) 335,990...

  • Page 69
    ... New long- and medium-term loans Increase in capital Increase in issue premium Increase in conversion premium Increase in issue premium on shares with warrants Increase in current accounts of the shareholders Grants received Total flows arising from financial transactions Net cash flow Net cash...

  • Page 70
    ... products in France. During the financial year, Ubi Soft Entertainment SA took over Red Storm Entertainment and Blue Byte, purchased the assets of Entertainment division of The Learning Company and acquired a 60% holding in 3D Planet SpA. > commercial software programs: 3 years maximum; > software...

  • Page 71
    Trade receivables These are valued at their face value. Where applicable, receivables may be depreciated by way of a provision when their inventory value is less than their book value. Conversion of accounts payable and receivable expressed in foreign currencies These were converted at the rates ...

  • Page 72
    ... 350,905 3,100 1,083,190 The increase in equity holdings is mainly due to the acquisition of Red Storm for FF 177,997,000, Sinister Games for FF 36,430,000, 3D Planet for FF 16,901,000 and Blue Byte for FF 87,200,000. (IN '000 FF) Provisions ON 03/31/00 INCREASE DECREASE ON...

  • Page 73
    ... products. >>> 7. TRADE RECEIVABLES ON 03/31/01 PROVISIONS ON 03/31/00 NET Trade and other receivables break down as follows: IN '000 FF GROSS NET Trade receivables TOTAL 458,792 458,792 3,440 3,440 455,352 455,352 450,492 450,492 The stability of this item reflects shorter payment times...

  • Page 74
    ... Number and face value: Issue price: Strike period: Strike price: 9,044 >1 warrant needed to subscribe a share of face value FF 2 0.01 (FF 0.07) from March 19, 2002 to March 18, 2006 32.072 (FF 210.38) > As of March 31, 2001, no warrants had been exercised. Number of Ubi Soft Entertainment shares...

  • Page 75
    ... to be issued Tax and social security liabilities TOTAL >>> 14. ITEMS RELATING TO AFFILIATED COMPANIES IN '000 FF CURRENT ASSETS Equity investments Trade receivables Other receivables ACCOUNTS PAYABLE Miscellaneous borrowings & financial debts Trade creditors and other accounts payable Debts on...

  • Page 76
    ... convertible bond issue: Number and face value: 167,000 bonds with a face value of FF 600 Issue price: FF 600 per bond Due date and settlement day: October 10, 1997 Term of bond: 5 years and 173 days Annual yield: Gross redemption yield: Normal redemption: 2% per year, or FF 12 per bond, payable on...

  • Page 77
    ... from capital transactions Exceptional charges: Exceptional charges from management transactions Exceptional charges from capital transactions Depreciation and provisions Total exceptional income/expense As of March 31, 2001, net exceptional income was generated by the sale of Game Service to 76

  • Page 78
    UBI SOFT / REFERENCE DOCUMENT GameLoft.com SA and divestment of trademark utilization rights to Ludi Wap SA, as well as exceptional depreciation of intangible fixed assets connected with projects abandoned during the financial year. >>> CORPORATE TAX 03/31/01 (54,906) (254) (55,160) (51,223) (IN...

  • Page 79
    ...EXCL. TAX) NET INCOME FOR LAST COMPLETE YEAR DIVIDENDS COLLECTED Detailed information on subsidiaries and interests whose book value exceeds 1% SUBSIDIARIES - AT LEAST 50% OF CAPITAL HELD UBI Soft Entertainment GmbH UBI SOFT ENTERTAINMENT INC SINISTER GAMES INC 3D PLANET SpA BLUE BYTE SOFTWARE GMBH...

  • Page 80
    ... Preferred shares outstanding Maximum number of shares that may be created by bond conversion by exercise of stock options by exercise of warrants Sales (FF '000) Pre-tax income, profit sharing, appropriation (FF '000) Corporate tax (FF '000) Employee profit-sharing Income after tax, profit-sharing...

  • Page 81
    ... present our report on the financial year ended March 31, 2001 concerning: the examination of the UBI Soft Entertainment SA annual accounts, as appended to this report, including the specific checks and information required by law. The annual accounts have been prepared by the Board of Directors...

  • Page 82
    ...September 25, 2000. Acquisition of 600,000 shares, i.e. 60% of the capital of 3 D PLANET SpA for a total of 2,576,562.50. > Agreement authorized by the Board of Directors on March 20, 2001. Acquisition of the shares of BLUE BYTE SOFTWARE Inc, BLUE BYTE SOFTWARE Ltd and BLUE BYTE SOFTWARE Gmbh, for...

  • Page 83
    ... SA Sale of 26,672 shares held in STUDENTS-LIFE SA, i.e. 10% of the share capital, for a total of FF 999,910. The meeting of the Board of Directors on September 1, 2000 was not able to authorize this agreement because all the directors were joint directors of the two companies. Rennes and Paris, 08...

  • Page 84
    ... of expenses as allocated during the financial year to March 31, 2001, to the 5 highest-paid employees of the company, amounted to FF 1,086,000. The Board of Directors Certified a true record on 08/21/2001 BY THE STATUTORY AUDITOR CABINET ANDRÉ MÉTAYER André Métayer COMPAGNIE CONSULAIRE...

  • Page 85
    7 >>> MANAGEMENT Mr Yves Guillemot Mr Claude Guillemot Mr Michel Guillemot Mr Gé...financial statements for the financial year ended March 31, 2001 > Chairman and CEO > Vice-Presidents NAME Yves Guillemot Chairman and CEO Claude Guillemot 01/09/96 Michel Guillemot 01/09/96 Gérard Guillemot 01...

  • Page 86
    ... 02/28/88 Christian Guillemot Director 02/28/88 Yvette Guillemot Director 01/25/96 The Board of Directors met about twenty times during FY00/01. The Board of Directors and the management team as a whole have not been granted options on the stock of the company or its tier-one or tier-two...

  • Page 87
    ... PUBLISHING OEM Inc (Canada) UBI SOFT Inc (San Francisco) UBI SOFT HOLDINGS Inc (San Francisco) RED STORM ENTERTAINMENT Inc BLUE BYTE SOFTWARE Inc UBI STUDIOS KK (Japan) UBI DIGITAL MOVIES Inc (Canada) Vice-Chairman Shanghai UBI COMPUTER SOFTWARE COMPANY Ltd Managing Director UBI SOFT ENTERTAINMENT...

  • Page 88
    ... SA Managing Director UBI SOFT ENTERTAINMENT Ltd (Hong Kong) Shanghai UBI COMPUTER SOFTWARE COMPANY Ltd (China) UBI SOFT Inc (San Francisco) UBI SOFT ENTERTAINMENT Inc (New York) Chairman and CEO GUILLEMOT CORPORATION SA Ms Yvette GUILLEMOT Director of Ubi Soft Entertainment SA. Her term of office...

  • Page 89
    ... new organization, which will employ about ten staff, includes the sale, distribution and promotion of products throughout Canada. May 2001 > Signing of an agreement with Sony Online Entertainment for the publication of PlanetSide, the first massively multiplayer online shooting game. This exclusive...

  • Page 90
    ...companies1 in the world in the field of interactive games. To do this, Ubi Soft is working to develop a portfolio of strong international brands that will enable it to generate higher profits and optimize both its production costs and its distribution network. The Group's growth strategy is based on...

  • Page 91
    90

  • Page 92
    ... SITUATION - RESULTS 6.1. Consolidated accounts 6.2. Corporate accounts 44 44 66 Section 6 Section 7 7.1. 7.2. 7. BOARD OF DIRECTORS AND MANAGEMENT TEAM OF THE UBI SOFT ENTERTAINMENT GROUP 84 8. RECENT DEVELOPMENTS AND OUTLOOK 8.1. Recent developments 8.2. Outlook and strategy 88 88 89 91

  • Page 93
    92

  • Page 94
    ... 27603 Tel: 1 919 861 0301 Fax: 1 919 402 8847 Morrisville Red Storm Entertainment Inc. 2000 Aerial Center Suite 110 Morrisville, NC 27560 Tel: 1 919 430 1776 Fax: 1 919 460 1502 CANADA Ubi Soft Divertissements Inc. Ubi Soft Canada, Inc. 5505 Boulevard Saint-Laurent, Suite 5000 Montreal, Quebec H2T...