Betsson Ab Class B · OMXSTO:BETS_B
Betsson Ab Class B — FY2008 Earnings Presentation
20 slides from Betsson Ab Class B's earnings presentation, Feb 13, 2009
Slide 1: Financial Presentation Full year 2008
2009-02-13 Financial Presentation Full year 2008 Pontus Lindwall CEO and President
Slide 2: Agenda
Agenda • Q4 financial presentation • Product and geographic split • Legal and other topics • Events after Q4 • Q&A 2
Slide 3: Q4 2008 All Time High!
2009-02-13 Q4 2008 All Time High!
Slide 4: Q4 Highlights – All time high again!
Q4 Highlights – All time high again! • Revenues increased 69% to SEK 321,1 m (189,8 ) • Operating income increased 111% to SEK 91,9 m (43,5) • EPS 2,37 (1,10) • Increased dividend 5,10 (5,00) Numbers in gray = Q4 2007 4
Slide 5: Q4 Highlights – All time high again!
Q4 Highlights – All time high again! • Operating margin 28,6 % (22,9) • Active customers increased 56% to 167 400 (107 000) • Liquid funds SEK 373,2 m Numbers in gray = Q4 2007 5
Slide 6: Revenues Q by Q
Revenues Q by Q SEKm 350 321,1 300 252 250 200 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 • + 69,3% compared to Q4 2007 (SEK 189,7 m) • + 27,4% compared to Q3 2008 (SEK 252 m) 6
Slide 7: Strong growth trend remains
Strong growth trend remains SEKm 350 321,1 300 250 200 150 100 50 19,3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2005 2007 2006 2007 2008 Once again Betsson confirms the solid trend of growth! 7
Slide 8: Quarter on quarter
Quarter on quarter • Revenues increased 27% to SEK 321,1 m (252) • Operating income increased 36% to SEK 91,9 m (67,8) • Active customer increased 32% to 167 400 (127 300) Numbers in gray = Q3 2008 8
Slide 9: Reasons for strong performance
Reasons for strong performance • Partner marketing (Affiliate Lounge) • Strong growth throughout all markets • Active customer growth Q on Q partly because of traditionally low Q3 activity • Constant improvement and development of product portfolio • Betssons brands strong in the market 9
Slide 10: Product and geographic split
2009-02-13 Betsson Product and geographic split
Slide 11: Gross profit per product Q4
Gross profit per product Q4 Other products 4% Poker 16% 57% Casino Sports book 24% [Gross Profit] 11
Slide 12: Gross profit by product segment
Gross profit by product segment M SEK 300 Growth (%) 9,2 250 Other + 318 (Q4) 61,7 + 15 (Q3) 200 Sports b. + 226 (Q4) 41,2 + 90 (Q3) 150 Poker - 14 (Q4) 146,5 100 + 12 (Q3) Casino +111 (Q4) 50 + 15 (Q3) 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 12
Slide 13: Gross profit per geographic area Q4
Gross profit per geographic area Q4 Non Nordic EU countries 12% 53 % Nordic Rest of Europe countries non EU members 35% and Turkey Rest of the world 0,3 % 13
Slide 14: Gross Profit per geographic area
Gross Profit per geographic area SEKm 300 0,9 Growth (%) 250 RoW + 125 (Q4) 30,9 + 29 (Q3) 200 90,3 EU + 69 (Q4) non Nordic + 43 (Q3) 150 Non EU + 266 (Q4) 100 and Turkey + 64 (Q3) 136,5 Nordic + 40 (Q4) 50 + 8 (Q3) 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 14
Slide 15: Q and full year comparison
Q and full year comparison Q4 Full year M SEK 2008 2007 2008 2007 Revenues 321,1 165,5 1037,8 649,0 Gross profit 258,6 145,7 828,1 520,8 Operating margin 28,6 22,9 26,7 29,3 EBIT 91,9 43,5 276,6 189,9 Profit for the period 92,9 43,1 267,3 179,4 EPS 2,37 1,10 6,81 4,55 15
Slide 16: Legal and other topics
2009-02-13 Betsson Legal and other topics
Slide 17: Legal
Legal • Shopsson opened in May 2008. - Verdict announced in January, appealed. - New verdict expected in late 2009. • Legal update Sweden - “Spelutredningen” published in December • Legal update Norway - Possible new legal framework during 2009 • Legal update Turkey - No changes • Legal update EU -
Slide 18: Events after Q4
2009-02-13 Betsson Events after Q4
Slide 19: After Q4 – 2009 outlook
After Q4 – 2009 outlook • Q1 2009 so far in line with Q4 2008 • Market expected to grow 14 % 2009*, Betsson intend to grow faster • Annual meeting May 12th, 2009 * Source: Global Betting and Gaming consultants 19
Slide 20: Q&A What's your thrill?
What's your thrill? - 20 < betsson gs