Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q3 2022 Earnings Presentation
25 slides from Gentoo Media's earnings presentation, Nov 9, 2022
Slide 1: Gaming Innovation Group Inc. Q3 2022 Interim Report
Q3 2022 Gaming Innovation Group Inc. Interim Report e 09 Nov 2022 |
Slide 2: GiG in brief
GiG in brief Global iGaming company with reach across high value areas of the B2B supply chain Dual-listed on Oslo Børs and at Nasdaq Stockholm Over 30 primary countries ~580 Employees targeted by Media assets €320m (approx.) Market Cap Offices in Malta, Denmark, 29 Global Platform Licenses +7 addit
Slide 3: Award-winning technology & marketing for the iGaming and Sportsbetting industry
Q3 2022 - Interim Report Award-winning, technology & marketing for the iGaming and Sportsbetting industry GiG Media Platform & Sportsbook Leading iGaming and Sports Betting affiliate State of the art Player Account Management system marketing (PAM) & Sportsbook solution ● Provides high value player
Slide 4: Q3 Highlights
Q3 2022 - Interim Report Q3 Highlights ● GiG delivers seventh successive all-time-high revenues, with strong double digit growth in revenues and EBITDA ● Media delivered a record 85% YoY growth in First Time Depositors ● Media pursues aggressive pace of player acquisition in conjunction with asset &
Slide 5: All time high quarterly revenues
Q3 2022 - Interim Report All time high quarterly revenues Revenues* (MEUR) EBITDA adj. (MEUR) EBIT (MEUR) Revenues* EBITDA adj. EBIT +35% Y/Y +47% Y/Y +16% Y/Y 37.0% margin 10.8% margin *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit
Slide 6: GiG Strategy
We drive business via GiG Strategy three growth pillars ● Approach is towards Global Online Gambling market with a 1 Market strong focus on regulated markets expansion ● Focus on high value and high earnings quality areas of B2B gambling industry ● Media business allows us agile and fast time to mar
Slide 7: Business update Media
Q3 2022 - Interim Report Business update Media
Slide 8: Media Services Q3-2022
Q3 2022 - Interim Report GiG Media Revenue & EBITDA (MEUR) Revenue Media Services EBITDA adj. Q3-2022 ● Media Services reached seventh all-time quarterly highs in revenues and FTDs ● Q3-2022 revenues of €15.1m (11.2), up 35% Y/Y and 2% Q/Q - all organic growth ● EBITDA adj. of €6.8m (5.1), up 32% Y/
Slide 9: Media Services FTDs
Q3 2022 - Interim Report Media Services FTDs GiG Media - FTDs (1000) ● First Time Depositors (FTD) ended at 86,500, a new all-time high ● 85% increase YoY and 9% QoQ ● ~95% of FTDs on full revenue share or hybrid deals, securing future recurring revenues ● The strong development continued in October
Slide 10: Media Services
Q3 2022 - Interim Report Media Services GiG Media Revenue split Q3-2022 ● Currently holds 13 licenses in the US and qualified to carry out business in 22 US states ● US organic traffic to Casinotopsonline.com and Wsn.com increased 83% YoY ● Revenues from the Americas increased 200% YoY, representing
Slide 11: Business update Platform & Sportsbook
Q3 2022 - Interim Report Business update Platform & Sportsbook 11
Slide 12: Platform & Sportsbook Q3-2022
Q3 2022 - Interim Report Platform & Sportsbook Q3-2022 Platform and Sportsbook Revenue & EBITDA (MEUR) Revenue EBITDA adj. ● Revenues for Platform & Sportsbook were €7.8m (5.7), up 36% ● 14% organic revenue growth excluding premium fees ● Adjusted EBITDA of €1.7m (0.6), a 174% increase ● Integration
Slide 13: Platform & Sportsbook Clients and integration pipeline
Q3 2022 - Interim Report Platform & Sportsbook 43 Clients Integration pipeline (10% YoY) • 4 brands went live and 7 are awaiting client decision to launch • 62 brands live at the end of Q3 (+19% YoY) 62 Brands • Granted license in Ontario (Canada), two brands already (19% YoY) live as of today • 13
Slide 14: New contracts
Q3 2022 - Interim Report New contracts ● 4 new agreements signed in Q3 ● Total of 17 new agreements so far in 2022, including market expansion deals with existing clients New Contracts
Slide 15: Events after the quarter & summary
Q3 2022 - Interim Report Events after the quarter & summary 15
Slide 16: Update after the quarter
Q3 2022 - Interim Report Update after the quarter ● Continued expansion across LATAM with signing of agreement with large land based operator in the region ● 3 additional brands launched, including Ontario ● All time high in FTD referral in GIG Media during October ● GiG Media granted license to ope
Slide 17: Long-term Financial targets
Q3 2022 - Interim Report Long-term Financial targets Growth Profitability Leverage To achieve annual organic To achieve an adjusted Cash generated from the revenue growth in the region EBITDA margin in excess of business will be used to lower of 20% 50% during 2024 leverage ratio while pursuing grow
Slide 18: Summary
Q3 2022 - Interim Report Summary “ ● GiG delivers seventh successive all-time-high revenues, with strong double digit growth in revenues and EBITDA ● Our Media business performs exceptionally well and remains a highly GiG positioned for profitable and fast growing global acquisition power house mult
Slide 19: Thank you
Q3 2022 - Interim Report Thank you Q&A 19
Slide 20: Appendix
Appendix
Slide 21: Largest shareholders: September 2022
Q3 2022 - Interim Report Largest shareholders: 30 September 2022 GAMING INNOVATION GROUP INC. 1 13 487 500 11.0 % SkyCity Entertainment Group Limited 2 7 603 559 6.2 % Optimus Invest Limited 3 7 044 000 5.7 % Myrlid AS 4 4 875 829 4.0 % Nordea Livsförsäkring Sverige AB 5 4 656 313 3.8 % True Value L
Slide 22: Income Statement
Q3 2022 - Interim Report Income Statement EUR 1 000 (Unaudited) B2C & Sports included as discontinued operations Q3 2022 Q3 2021 9M 2022 9M 2021 2021 Revenues* 22 893 16 908 64 072 48 254 66 343 Cost of sales 253 93 508 75 868 Gross profit 22 640 16 815 63 564 48 179 65 475 Marketing expenses 4 629
Slide 23: Balance Sheet
Q3 2022 - Interim Report Balance Sheet EUR 1 000 (unaudited) 30 Sep 2022 30 Sep 2021 31 Dec 2021 Assets Goodwill 75 330 16 324 16 325 Intangibles assets 61 341 32 499 31 732 Deposits and other non-current assets 10 074 13 986 13 481 Total non-current assets 146 745 65 809 61 539 Trade and other rece
Slide 24: Cash Flow
Q3 2022 - Interim Report Cash Flow In EUR 1 000 Q3 2022 Q3 2021 9M 2022 9M 2021 2021 Cash flow from operating activities 9 988 8 021 23 339 11 693 12 931 Cash flow from investing activities -4 105 -2 054 -42 867 -6 901 -9 228 Cash flow from financing activities -3 153 -2 233 25 227 -4 823 -6 323 Tra
Slide 25: 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
Gaming Innovation Group — Q3 2022 Earnings Presentation on 6ix