Slide 1: Evolution Interim Report January-September 2024
Evolution Interim Report January-September 2024 24th October 2024 CEO, Martin Carlesund CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • Increased delivery capacity – new studios • New studio in Colombia launched • Expanded offering in North America • Lightning Storm launched • Capital Allocation framework and repurchase of shares • Down-sized operations in Georgia • Acquisition of Arcade Gaming Solutions
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Slide 4: Highlights in the quarter
Highlights in the quarter Third quarter of 2024 (Q3 2023) January-September 2024 (3Q 2023) • Total operating revenues increased by 27.9% to • Total operating revenues increased by 20.1% to EUR 579.0 million (452.6) where of: EUR 1,588.9 million (1,323.3) where of: • Net operating revenues +14.7% to
Slide 5: Increase in staff
Increase in staff YoY growth Headcount end of period 16.5% 21,141 20,772 20,537 20,000 19,221 17,823 17,026 17,331 17,447 15,917 15,297 15,000 14,341 13,410 12,289 11,311 10,226 10,000 9,506 7,395 5,000 0 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 5
Slide 6: Activity in the network
Activity in the network Game Rounds index – All games 500 450 YoY growth +29% 400 376 357 350 339 301 300 275 277 254 250 232 203 200 176 153 150 135 115 120 110 100 50 0 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 6
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Slide 8: Geographic breakdown
Geographic breakdown Revenue per Region Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Group, EUR million 2023 2023 2024 2024 2024 Europe 175.1 185.8 191.0 191.3 194.9 Asia 172.1 181.7 197.6 200.7 202.2 North America 54.7 59.1 62.1 60.2 64.8 LatAm 34.4 32.1 33.0 36.6 37.4 Other 16.3 16.6 17.8 19.6 20.2 Tot
Slide 9: Financial development
Financial development 70.3% 70.7% 70.4% 70.9% 69.9% 69.3% 69.0% 69.9% 69.0% 68.9% 68.6% 68.0% 68.5% 519.4 501.5 508.4 475.3 452.6 441.1 429.6 407.5 378.5 345.8 345.8 355.6 344.0 337.0 Revenue EUR 326.8 318.6 311.7 million 300.2 300.2 EBITDA 276.0 279.5 261.0 238.2 EBITDA, % 229.7 206.9 192.9 21Q3 21
Slide 10: P/L detail
P/L detail Jul-Sep Jul-Sep Jan-Sep Jan-Sep Oct 2023- Jan-Dec Group, EUR thousands 2024 2023 2024 2023 Sep 2024 2023 Revenues - Live 446,878 385,813 1,316,287 1,117,717 1,721,844 1,523,274 Revenues - RNG 72,501 66,829 212,953 205,574 282,706 275,327 Net revenues 519,379 452,642 1,529,240 1,323,291 2,
Slide 11: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 30/9/ 31/12/ 90% (EUR m) 2024 2023 50 8% 350 Total non-current assets 3,246.2 3,251.2 80% 45 7% 300 Current assets 978.1 736.5 40 70% 6% Cash and cash equivalents 764.6 985.8 35 250 60% 5% Tota
Slide 12: Outlook
Outlook • Go live with new studio on the newly regulated Czech market • Continued expansion and initiating additional 1-2 studio builds 2024 • Execution of capital returns • Accelerated delivery of games during H2
Slide 13: Q&A
Q&A