Executive Vice President & Chief Financial Officer
2
SAFE HARBOR STATEMENT
The Company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including the estimates of sales and/or Adjusted EBITDA in 2024, as well as any other forward-looking statements concerning 2024 and beyond are subject to Safe Harbor protection under Federal securities laws. These statements reflect the Company's best judgment based on current market trends and conditions today, and are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in forward-looking statements. For details concerning these and other such risks and uncertainties, you should consult JAKKS' most recent 10-K and 10-Q filings with the SEC, as well as the Company's other reports, subsequently filed with the SEC from time to time. As a reminder, this conference is being recorded.
Note: The following presentation includes unaudited information
3
CEO OVERVIEW
Fiscal Year Gross Margin dollars up 6% vs 2022
Q4 Net Sales were $127.4 million, 3% decrease versus prior year
Q4 Gross margin of 26.5%, up 480bps vs Q4 2022
Fiscal Year Results compared to prior year:
Net Sales of $711.6 million vs. $796.2 million, an 11% decrease o Gross margin of 31.4% vs. 26.5%
o Operating income of $59.1 million vs. $61.0 million, a 3% decrease o Adjusted EBITDA of $75.7M vs. $76.4M, a 1% decrease
4
2023 Fourth Quarter Net Sales
$ Millions
$250
$200
$152.5
$188.0
$150
$128.3
$131.9
$127.4
$100
$50
$0
2019
2020
2021
2022
2023
YoY % Change:
(16)%
(47)%
(30)%
(3)%
5
2023 Fourth Quarter Toys/Consumer Products Net Sales
$ Millions
$200
$179.2
$150 $148.7
$121.0
$117.7
$118.9
$100
$50
$0
2019
2020
2021
2022
2023
YoY % Change:
(19)%
48%
(34)%
1%
6
2023 Fourth Quarter Toys/Consumer Products Net Sales
$ Millions
NA TOY/CP
INTL TOY/CP
$200
$50
$150
$147.8
$40
$35.2
$113.6
$30
$31.3
$99.0
$97.4
$97.2
$100
$22.1
$21.7
$20.3
$20
$50
$10
$0
$0
2019
2020
2021
2022
2023
2019
2020
2021
2022
2023
(13)%
49%
(34)%
0%
(37)%
42%
(35)%
7%
YoY % Change
YoY % Change
7
2023 Fourth Quarter Costumes Net Sales
$ Millions
$20
$15
$14.2
$10
$8.8
$7.2
$8.5
$5
$3.8
$0
2019
2020
2021
2022
2023
YoY % Change:
91%
22%
61%
(40)%
8
2023 Fourth Quarter Gross Margin %
40.0%
35.0%
32.8%
30.4%
30.0%
26.6%
26.5%
25.0%
21.7%
20.0%
15.0%
2019
2020
2021
2022
2023
YoY % Change:
240 bps
(620) bps
(490) bps
480 bps
9
2023 Fourth Quarter Adj. EBITDA and Adj. Net Income
$ Millions
Q4 ADJ EBITDA
Q4 ADJ NET INCOME
$10
$10
$5
$3.3
$3.9
$5.0
$5
$1.3
$0
$0
($5)
($5)
($3.6)
($10)
($10.9)
($10)
($7.8)
($10.5)
($12.1)
($15)
($15)
($13.9)
($20)
2019
2020
2021
2022
2023
($20)
2019
2020
2021
2022
2023
2.2%
3.0%
2.7%
(9.2)%
(8.6)%
(5.1)%
(2.8)%
0.7%
(10.5)%
(8.2)%
Adj. EBITDA Margin %
Adj. Net Income Margin %
10
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JAKKS Pacific Inc. published this content on
29 February 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
29 February 2024 23:38:42 UTC.
JAKKS Pacific, Inc. is a designer, manufacturer and marketer of toys and consumer products sold throughout the world. The Companyâs segments include Toys/Consumer Products and Costumes. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot-to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kidsâ indoor and outdoor furniture, and related products. The Costumes segment, under its Disguise branding, designs, develops, markets, and sells a range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Childrenâs Day, Book Day/Week, and every-day/any-day costume play. Its brands include: AirTitans, Ami Amis, Disguise, Fly Wheels, JAKKS Wild Games, Moose Mountain, Perfectly Cute, ReDo Skateboard Co., Sky Ball, and others.
JAKKS PACIFIC, INC. 
