Kambi Group Plc Class B · OMXSTO:KAMBI
Kambi Group Plc Class B — Q1 2025 Earnings Presentation
14 slides from Kambi Group Plc Class B's earnings presentation, Apr 30, 2025
Slide 1: Kambi Group plc Q1 2025 Report
Kambi Group plc Q1 2025 Report 30 April 2025 1 Kambi Group plc – Q1 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 2: Agenda
Agenda 1. Highlights 2. Financial summary and outlook 3. Operational updates 4. Summary 5. Q&A 2
Slide 3: Q1 highlights
Q1 highlights Revenue increased 7% excluding transition fees Selected to become Ontario Lottery and Gaming Corporation’s sportsbook technology partner Launched in Brazil with multiple partners: KTO, Stake, BetMGM, BetWarrior and Rei do Pitaco Signed long-term Turnkey Sportsbook partnership extension
Slide 4: Q1 2025 financial summary
Q1 2025 financial summary Revenue Adjusted EBITA (acq) Cash €41.5m €2.3m €56.4m Q1 2024: €43.2m Q1 2024: €5.8m Q1 2024: €46.0m 4 Kambi Group plc – Q1 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 5: Operator trading analysis
Operator trading analysis Kambi operators' turnover and trading margin 1100 12.0% 1000 11.0% 913 900 10.0% 851 789 778 800 9.0% 757 737 712 704 683 687 700 8.0% 656 640 602 600 7.0% 500 6.0% 400 5.0% 300 4.0% 200 3.0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3
Slide 6: Adjusted EBITA (acq) for Q1 2025 vs Q1 2024
Adjusted EBITA (acq) for Q1 2025 vs Q1 2024 €m Revenue factors 14 12 10 8 6 Cost factors 4 2 0 Adjusted EBITA (acq) Organic growth Operator trading 2025 launches Transition fees Operator migrations Gaming tax & Other Inflation & other Cost savings Cost savings FX revaluation Adjusted EBITA Q1 2024 m
Slide 7: Cash flow Q1
Cash flow Q1 €m 65.0 60.0 55.0 50.0 45.0 40.0 Opening cash Operating profit Amortisation less Amortisation on acquired Working capital, capex, Tax paid Tax received/paid Shares repurchased Closing cash development costs intangibles depreciation & other 7 Kambi Group plc – Q1 2025 Report CEO Werner
Slide 8: Operational summary
Operational summary Selected as OLG’s online and Agreed long-term extension with Front End division Shape Games launched BetPlay completes online migration of retail sportsbook partner BetCity in the Netherlands SDK product with Paf Paraguay business to Kambi sportsbook Q1 Q2 so far New Paf brand 1X
Slide 9: Odds Feed+
Odds Feed+ Now live in the US and Brazil Odds Feed+ launched with Hard Rock Digital and Rei do Pitaco in Q1 FDJ UNITED signed with Odds Feed+ for Abios esports odds Odds Feed+ benefits from Turnkey Sportsbook liquidity, providing operators with traded odds New product enables Kambi to increase its t
Slide 10: March Madness
March Madness Highlighting the advantage of Kambi’s global network An almost unprecedented Q1 operator trading margin Demonstrates how Kambi’s March Madness run of results saw top four of 10.2% despite March network reduces exposure turnover is more than twice seeds reach Final Four Madness contribu
Slide 11: Creating a more sustainable revenue base
Creating a more sustainable revenue base Greater diversification on increasingly regulated business 70 70% Our reliance on large sportsbook partners 60 64% 64% 60% continues to reduce year-on-year 60% 51 50 54% 50% 46 41 45% 40 40% 34 39% The percentage of operator turnover from regulated markets 30
Slide 12: Summary
Summary Underlying financial Important launches Business transformation performance in line and signings headed positioning us for growth with our expectations by Brazil and OLG 12 Kambi Group plc – Q1 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 13: Q&A
Q&A kambi.com 13 Kambi Group plc – Q1 2025 Report CEO Werner Becher, CFO David Kenyon
Slide 14: Thank you
Thank you kambi.com 14 Kambi Group plc – Q1 2025 Report CEO Werner Becher, CFO David Kenyon