Gambling.com Group Limited · NASDAQ:GAMB
Gambling.com — Q3 2021 Earnings Presentation
16 slides from Gambling.com's earnings presentation, Nov 18, 2021
Slide 1: Third Quarter 2021 Financial Results Call
Third Quarter 2021 Financial Results Call November 18, 2021 CONFIDENTIAL & PRIVATE
Slide 2: Forward-looking statements
This presentation and the accompanying oral presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our curren
Slide 3: Agenda
Q3 and Company Highlights 4 Market Developments 5 Capital Allocation 6 Q3 Financial Results 7 YTD Financial Results 8 2021-2023 Financial Targets 9 2021 Outlook 10 AGENDA CONFIDENTIAL & PRIVATE
Slide 4: Q3 and Company Highlights
Q3 and Company Highlights Total revenue of $10.1 million grew 37% compared to $7.4 million the prior year Net income of $4.7 million, or $0.13 per diluted share, compared to $2.3 million, or $0.08 per diluted share, in the prior year Adjusted EBITDA(1) of $3.5 million decreased 14% compared to $4.0
Slide 5: Market Developments
Market Developments North America Added additional domains in select states to our portfolio to prepare for future expected U.S. launches Connecticut online casino and sports betting live as of October 12th; Louisiana began issuing licenses and granting waivers for affiliates to do business – online
Slide 6: Capital Allocation
Capital Allocation We continue to invest in our product portfolio and technology platform yet remain highly profitable We are not reliant on external financing for organic growth and free cash flow provides financing for inorganic growth Organic Investment Asset Acquisitions M&A We routinely purchas
Slide 7: Q3 2021 Financial Results (unaudited)
Q3 2021 Q3 2020 Change Revenue (millions) $10.1 $7.4 +37% Operating Expense (millions) ($7.7) ($3.9) +96% Operating Profit (millions) $2.4 $3.5 (31%) Net Income (millions) $4.7 $2.3 +103% Net Income per Diluted Share $0.13 $0.08 +63% Adjusted EBITDA (millions) $3.5 $4.0 (14%) Adjusted EBITDA margin
Slide 8: YTD 2021 Financial Results (unaudited)
YTD 2021 YTD 2020 Change Revenue (millions) $32.0 $17.7 +81% Operating Expense (millions) ($21.3) ($11.0) +94% Operating Profit (millions) $10.8 $6.8 +59% Net Income (millions) $11.6 $6.6 +75% Net Income per Diluted Share $0.34 $0.22 +54% Adjusted EBITDA (millions) $16.1 $8.5 +89% Adjusted EBITDA ma
Slide 9: 2021-2023 Financial Targets
Adjusted figures represent non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers. Leverage is defined as Net Debt as a proportion of Adjusted EBITDA. Net Debt is defin
Slide 10: FY 2021 Outlook
FY 2021 Outlook Expected to exceed > 40% year-on-year Revenue growth target for FY 2021 Expected to achieve ≥ 40% Adjusted EBITDA(1) margin target for FY 2021 Outlook does not consider potentially incurring further borrowings in FY 2021 Outlook does not consider any consolidated revenue from potenti
Slide 11: Appendix: Financial Tables
CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 12: Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands) THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2021 2020 2021 2020 Revenue 10,123 7,406 32,032 17,713 Sales and marketing expenses (3,587 ) (1,790 ) (9,435 ) (5,661 ) Technology expenses
Slide 13: Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (Unaudited) (USD in thousands) SEPTEMBER 30, 2021 DECEMBER 31, 2020 ASSETS Non-current assets Property and equipment 535 515 Intangible assets 23,073 23,560 Right-of-use assets 1,564 1,799 Deferred tax asset 7,323 5,778 Total non-current assets
Slide 14: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands) THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2021 2020 2021 2020 Cash flow from operating activities Income before tax 2,694 2,609 10,853 7,263 Finance (income) expenses, net (293) 455 (84) 1,308 Losse
Slide 15: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation n/m = not meaningful THREE MONTHS ENDED SEPTEMBER 30, CHANGE NINE MONTHS ENDED SEPTEMBER30, CHANGE 2021 2020 $ % 2021 2020 $ % (in thousands USD, unaudited) (in thousands USD, unaudited) Net income for the period attributable to the equity ho
Slide 16: Free Cash Flow Reconciliation Earnings Per Share
Free Cash Flow Reconciliation Earnings Per Share n/m = not meaningful THREE MONTHS ENDED SEPTEMBER 30, NINE MONTHS ENDED SEPTEMBER 30, 2021 2020 2021 2020 (in thousands USD, except for share and per share data, unaudited) Net income for the period attributable to the equity holders 4,675 2,303 11,58