Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q1 2024 Earnings Presentation
23 slides from Gentoo Media's earnings presentation, May 7, 2024
Slide 1: Q1-24 Interim Report
Q1-24 Interim Report | Gaming Innovation Group Inc 07 May 2024
Slide 2: Q1 2024 Highlights
Q1 - 2024 ⇢ GiG delivers another successive all-time-high revenue Highlights ⇢ GiG Media record-high revenue and EBITDA in the quarter, marking the 13th successive quarter with all-time high revenue ⇢ Platform & Sportsbook (discontinued business) continued positive momentum with significant increase
Slide 3: GiG Media business update
Business update GiG MEDIA ⇢ | Q1 2024 - Interim Report 3
Slide 4: GiG Media Q1-2024 Key Highlights
GiG Media Q1-2024 Key Highlights GIG MEDIA Revenue & EBITDA (MEUR) Revenue EBITDA ● Record-high quarterly revenue and EBITDA 52% ● Q1-2024 revenues ended at €28m (18.4), up 52% YoY of which 21% organic ● 13th successive quarter with all-time high revenue ● EBITDA of €13.5m (8.0), up 69% YoY. ● EBITD
Slide 5: GiG Media Revenue split Q1-24
GIG MEDIA Revenue split Q1-24 GiG Media Revenue split ● 63% of revenue comes from recurring revenue share agreements. Recurring revenue share earnings grew 47% YoY ● Continued growth in legacy markets, revenues in the Nordics and Europe up 57% YoY and 14% QoQ ● Revenues from the Americas increased 8
Slide 6: GiG Media FTDs
GiG Media FTDs GIG MEDIA - FTDs (1000s) Publishing Split between publishing and paid Paid ● First Time Depositors (FTD) ended at 125K growing 13% YoY ○ Player intake in Publishing up by 52% YoY ○ Player intake in Paid decreased 18% YoY 137.7 125.1 110.9 113.8 ● Focus on consolidation and higher valu
Slide 7: Wider portfolio of smaller websites show revenue growth
Wider portfolio of smaller websites show revenue growth* GiG Media Core strategy: Diversification ● Diversification goals: More markets, websites and customers should drive material revenue to reduce risks tied to singular markets, partners and customers ● Revenue outside of GiG Media top 5 websites g
Slide 8: Summary & Outlook
Summary & Outlook ● All-time high revenue and EBITDA in the quarter ● Operational excellence: ○ AskGamblers continues to break records. ○ Integration of KaFe Rocks has progressed as planned, business develops positively ○ Material improvements to earnings in Paid during the quarter. ● Focus on conso
Slide 9: Platform & Sportsbook business update
Business update PLATFORM & SPORTSBOOK ⇢ | Q1 2024 - Interim Report 9
Slide 10: Q1-24 Operational highlights
Q1-24 Operational highlights 1.1. New 2. New Advanced 3. New markets 4. Significant increase New Agreements Agreements Products Launched expansion in the sales pipeline & Delivery cadence ● Four new agreements for ● Next generation X-Suite ● Launched in Ontario Canada ● Engaged with over €31m of exis
Slide 11: Platform & Sportsbook Q1-2024 Revenue & EBITDA
Platform & Sportsbook PLATFORM & SPORTSBOOK Revenue Q1-2024 Revenue & EBITDA (MEUR) EBITDA adj. ● Revenue for Platform & Sportsbook at €8.3m (10.0), a 17% decrease driven primarily by GiG Enterprise Solution and several client exits ● Excluding the GiG Enterprise Solution, Platform & Sportsbook reve
Slide 12: New brand launches Q1-23 to Q1-24
New brand launches Q1-23 to Q1-24 Platform & Sportsbook 4 fold increase YoY Integration pipeline delivery accelerates ● Eights brands went live in Q1-24 versus two brands in Q1-23; a 4-fold increase ● Operational initiatives to streamline the development and delivery processes are increasingly being
Slide 13: 2024 Q1 new brands revenue based on contractual minimums
2024 Q1 new brands revenue based on contractual minimums (excludes set-up fees) Platform & Sportsbook Revenue (MEUR) Integration pipeline value accelerating ● The eight brands that went live in Q1-24 are expected to generate over €1.3m of revenue during 2024 ● Q4-24F run rate revenue for the eight Q
Slide 14: Sales pipeline development Q3-23 to Q1-24
Sales Pipeline development Q3-23 to Q1-24 Platform & Sportsbook Revenue (MEUR) Sales pipeline accelerating ● Investment in marketing and business development has driven upward trend in lead generation and sales opportunities in target jurisdictions resulting in aggregate pipeline 3x Q3-2023 at €31m
Slide 15: Summary & Outlook
Summary & Outlook 39 Clients Live Improving operational foundations starting to drive sustainable medium revenue and cash conversion improvements … ⇢ Client delivery cadence accelerating YoY and QoQ ⇢ Quality and value of the integration pipeline has strengthened significantly 67 Brands ⇢ X-sell and
Slide 16: Events after the quarter and summary
Events after the quarter and summary ⇢ | Q1 2024 - Interim Report 16
Slide 17: Summary
Summary “ ⇢ GiG delivers all-time-high quarterly revenue in Q1 2024 ⇢ Record-high quarterly revenue and EBITDA in GiG Media 2024 will be a ⇢ Strong start to Q2 2024 in GiG Media, with April revenue expected in the transformational year range of €9.8-10.0M up 39% YoY of which 19% organic growth for G
Slide 18: Thank you, Q&A
Thank you Q&A | Q1 2024 - Interim Report 18
Slide 19: Appendix
Appendix | Q1 2024 - Interim Report 19
Slide 20: Income Statement
Income Statement EUR 1000 (Unaudited) Q1 2024 Q1 2023 2023 Revenues* 27 974 18 416 88 621 Cost of sales - - - Gross profit 27 974 18 416 88 621 Marketing expenses 6 813 5 389 26 777 Other operating expenses 7 651 4 976 22 342 Total operating expenses 14 464 10 365 49 119 EBITDA adjusted 13 510 8 051
Slide 21: Balance Sheet
Balance Sheet EUR 1000 (unaudited) 31 Mar 2024 31 Mar 2023 31 Dec 2023 Assets Goodwill 40 793 32 677 40 793 Intangibles assets 60 871 47 617 62 673 Deposits and other non-current assets 7 334 6 160 4 083 Total non-current assets 108 998 86 454 107 549 Trade and other receivables 22 759 11 522 18 501
Slide 22: Cash Flow
Cash Flow In EUR 1000 Q1 2024 Q1 2023 2023 Cash flow from operating activities 10 310 13 244 40 648 Cash flow from investing activities -15 487 -24 615 -58 420 Cash flow from financing activities -7 511 6 905 25 632 Translation (loss)/gain 34 -34 -258 Fair value movements - - - Net change in cash and ca
Slide 23: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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