Guillemot Corporation

Earnings Release • Apr 28, 2022

Carentoir, April 28, 2022

Unaudited data (€m) January 1 to March 31, 2022	2022	2021	Change
Thrustmaster	52.9	34.0	+56%
Gaming accessories	52.9	34.0	+56%
Hercules	3.0	1.8	+67%
Digital devices	3.0	1.6	+88%
OEM *	0.0	0.2	-
TOTAL	55.9	35.8	+56%

FIRST-QUARTER 2022 TURNOVER UP 56%

* Accessories developed for third party companies (Original Equipment Manufacturers).

Following a record year in 2021, the Group's turnover grew strongly in the first quarter of 2022, up 56% to €55.9 million, compared with €35.8 million for the same period of the previous fiscal year.

Thrustmaster's turnover was up 56%, buoyed by the release of new racing games and the launch of a number of new products by the Group.

Hercules posted growth of 67%, driven by strong momentum in sales of DJControl Inpulse controllers.

All regions experienced strong growth, with North America up 87%, Europe and the United Kingdom up 40% and the rest of the world up 64%.

Thrustmaster news

• Racing: the launch of Gran Turismo™ 7 on March 4 boosted sales of the Group's range of Thrustmaster racing wheels for PlayStation®: T-GT II and T300RS GT Edition officially licensed for Gran Turismo™, as well as the T248, T150 and T80 racing wheels.

New racing wheels: following the successful launch late last year of the T248 racing wheel for PlayStation®, in the first quarter of 2022 Thrustmaster launched a version of the T248 for Xbox Series X|S and Xbox One.

• Flight/joysticks: in its Thrustmaster Civil Aviation range, Thrustmaster launched the standalone version of the TCA Yoke Boeing Edition officially licensed by Boeing, while the TCA Yoke Pack Boeing Edition, inspired by the iconic Boeing 787 Dreamliner, continued to establish itself in the market.

The forthcoming May release of Top Gun: Maverick, sequel to the famous Top Gun, should have a positive effect on sales of games and boost the global joystick market.

Thrustmaster's range is well-positioned to take advantage, with its Hotas Warthog™ for PC, the flight control stick from the F/A-18C multirole combat jet (featured in the film), as well as its range of console joysticks, T.Flight Hotas 4 for PlayStation® and T.Flight Hotas One for Xbox.

• ESWAP S PRO CONTROLLER: set to launch on April 28, the ESWAP S PRO CONTROLLER gamepad, officially licensed for Xbox Series X|S and Xbox One and compatible with PC, will offer competition-focused gamers maximum precision at an affordable price of €129. This modular gamepad, with its next-generation mini-sticks and exceptional responsiveness, is sure to become a must-have accessory for gamers seeking the ultimate gaming experience. Pre-orders opened on April 14.
• eSports: the early part of 2022 has been a busy time for eSports, with the new season of the Ferrari Esports Series having started on April 4, a busy schedule of FIA Rally Star finals, GT competitions and a number of successful outings by drivers sponsored by the Group.

Hercules news

Hercules posted growth of 67% for the quarter, driven by the sales momentum of its DJControl Inpulse range of controllers. DJControl Mix continues to establish itself in the market, with sales growing rapidly. The DJControl Inpulse 500 controller is enjoying continued growth, while the recently-launched, limited-edition DJControl Inpulse 500 White Edition has further bolstered the model's appeal.

The NAMM Show in the United States in June will be another opportunity for Hercules to meet with customers and unveil its end-of-year releases.

Supply chain news

Production in and shipping from Asia were disrupted for one week in March when the city of Shenzhen was locked down. Normal activity resumed on March 21. The Group has not been affected by the lockdowns in northern China.

Financial position at March 31, 2022

• Net debt excluding available-for-sale securities was negative at -€21.4 million.
• The value of the portfolio of available-for-sale Ubisoft Entertainment shares stood at €17.7 million.

Outlook

The Group is set to launch new Hercules and Thrustmaster products in the second half of the year. For full year 2022, the Group maintains its forecast of turnover in excess of €200 million and net income from ordinary activities in excess of €30 million.

Guillemot Corporation is a designer and manufacturer of interactive entertainment hardware and accessories. The Group offers a diversified range of products under the Hercules and Thrustmaster brand names. Active in this market since 1984, the Guillemot Corporation Group is currently present in 10 countries (France, Germany, Spain, the UK, the United States, Canada, Italy, Belgium, Romania and China [Shanghai, Shenzhen and Hong Kong]) and distributes its products in more than 150 countries worldwide. The Group's mission is to offer high-performance, ergonomic products which maximize the enjoyment of digital interactive entertainment for

Contact: Guillemot Financial Information — Telephone: +33 (0) 2 99 08 08 80 — www.guillemot.com