Sportradar Group Ag · NASDAQ:SRAD
Sportradar — Q1 2023 Earnings Presentation
19 slides from Sportradar's earnings presentation, May 10, 2023
Slide 1: First Quarter 2023 Financial Results
spertradar SPORTS TECHNOLOGY. REIMAGINED. FIRST QUARTER 2023 FINANCIAL RESULTS | May 10, 2023
Slide 2: Disclaimer
DISCLAIMER Certain statements in this presentation may constitute “forward-looking” statements and information within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation
Slide 3: Business Overview
sp rtradar SPORTS TECHNOLOGY. REIMAGINED BUSINESS OVERVIEW O01 02 03 04
Slide 4: First Quarter Highlights
FIRST QUARTER HIGHLIGHTS Key Metrics Revenue growth Adjusted EBITDA growth! Net Retention Ratio (NRR)! 24% 37% 120% Y-0-Y Growth 4 Y-0-Y Growth 4 Product Revenue Growth MBS Live Odds U.S. Betting & Gaming U.S. ad:s 40% 29% 83% 87% Y-0-Y Growth A Y-0-YGrowth A Y-0-Y Growth A Y-0-Y Growth A sportradar
Slide 5: First Quarter Achievements
FIRST QUARTER ACHIEVEMENTS Deals and Extensions Strengthening Management Team BOM CHRO AEP Sportradar in Action eas pt SPLAVOFE oie BS 6 sportradar
Slide 6: Investing for Growth
INVESTING FOR GROWTH Improving trading liquidity Automating deep data capture through Al deployment through Computer Vision <i Upgrading our Growing U.S. revenue tech stack and profitability sportradar
Slide 7: Financial Overview
sp rtradar SPORTS TECHNOLOGY. REIMAGINED FINANCIAL OVERVIEW O2 01 03 04
Slide 8: First Quarter Highlights
FIRST QUARTER HIGHLIGHTS Revenue (€ million) 208 Revenue Growth 24% Y-o-Y Growth A sportradar Adjusted EBITDA! (€ million) 37 Adjusted EBITDA! Growth 37% Y-o-Y Growth 4 Adjusted EBITDA Margin? 18% Adjusted EBITDA Margin? Expansion 176bps Y-o-Y Growth A + Non-JFRS financial measure; see the Appendix
Slide 9: RoW Betting
RoW BETTING REVENUE (€m) | +25% Y HIGHLIGHTS 109 87 * Revenue growth driven by Managed Betting Services (MBS, +40% vs prior year) and Live Odds ( +29% vs prior year). * Strong MBS and Live Odds growth due to upselling and cross selling to customers. Q1 2022 Q1.202 ADJUSTED EBITDA? (€m) | +6% ¥ HIGHL
Slide 10: RoW Audiovisual
RoW AUDIOVISUAL REVENUE (€m) | -3% Y HIGHLIGHTS * Revenue decrease was impacted by the expected completion s of the Tennis Australia contract partially offset by growth in sales to new and existing customers. Q1 2022 ADJUSTED EBITDA? (€m) | +28% HIGHLIGHTS * Adjusted EBITDA? increased due to savings
Slide 11: United States
UNITED STATES REVENUE (€m) | +55% 40 26 Q1 2022 Q1 2023 ADJUSTED EBITDA? (€m) | N/A E HIGHLIGHTS * Revenue growth was due to growth in core betting data products and the ad:s product. * Betting & Gaming and ad:s both grew over 80%. HIGHLIGHTS * Adjusted EBITDA! was positive for the third consecutive
Slide 12: Cost Analysis
COST ANALYSIS COSTS (€m) HIGHLIGHTS Purchased services and licenses Personnel expenses + Purchased services and licenses increase reflects continuous v ’ investments in content creation, greater event coverage and | 431% +48% higher scouting costs. 7 a ~ Personnel expenses increase due to headcount
Slide 13: Cash Flow and Liquidity
CASH FLOW AND LIQUIDITY ADJUSTED FREE CASH FLOW? HIGHLIGHTS | LIQUIDITY (in € million) » Positive Cash Flow conversion of 34% _ Dec31, Mar31, » Improved working capital sash a » Negative impact of FX €2.8 million Cash and Cash Equivalents 243.8 239.6 » Includes 2022 bonus pay-out REvOR ng Credit Fac
Slide 14: 2023 Financial Guidance Reaffirmed
2023 FINANCIAL GUIDANCE REAFFIRMED GUIDANCE YoY INCREASE Revenue €902m - €920m 24% - 26% Adjusted EBITDA? €157m - €167m 25% - 33% Adjusted EBITDA Margin* 17% - 18% spertradar
Slide 15: Q&A
sp©rtradar SPORTS TECHNOLOGY. REIMAGINED. Q&A 03 01 02 04
Slide 16: Appendix
sp rtradar SPORTS TECHNOLOGY. REIMAGINED APPENDIX 04 01 02 03
Slide 17: Non-IFRS Financial Measures
NON-IFRS FINANCIAL MEASURES Non-IFRS Financial Measures and Operating Metrics We have provided in this press release financial information that has not been prepared in accordance with IFRS, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Free Cash Flow and Cash Flow Conversion (together
Slide 18: Non-IFRS Reconciliation - Adjusted EBITDA
NON-IFRS RECONCILIATION - ADJUSTED EBITDA Three Months Ended March 31, in €'000 2022 Profit for the period 8,208 Share based compensation 3,911 Litigation costs* 1,284 Professional fees for SOX and ERP implementations 1,425 One-time charitable donation for Ukrainian relief activities 147 Depreciatio
Slide 19: Non-IFRS Reconciliation - Adjusted Free Cash Flow
NON-IFRS RECONCILIATION - ADJUSTED FREE CASH FLOW Three Months Ended March 31, in €'000 Net cash from operating activities Acquisition of intangible assets Acquisition of property and equipment Payment of lease liabilities Foreign currency gains (losses) on cash equivalents ‘Adjusted Free Cash Flow