Meridian Holdings Inc. · NASDAQ:MRDN
Meridian — Q3 2024 Earnings Presentation
21 slides from Meridian's earnings presentation, November 2024
Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation November, 2024 meridianbet YOU CAN BET ON US
Slide 2: Forward Looking Statements
bs 4 FORWARD LOOKING STATEMENTS > & Certain statements made in this Presentation contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “s
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENTS Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are de- scribed in the Company's publicly-filed reports, including, but not limited to, under the "
Slide 4: Continued operational progress, reflecting resilience and commitment to long-term growth
Continued operational progress, reflecting resilience and commitment to long-term growth. October 2024 performance reinforces a positive outlook for sustained growth and results. OPERATIONAL PERFORMANCE Strong contributions across key markets as part of our scaling strategy. Completion of Classics f
Slide 5: Financial Highlights
Financial Highlights
Slide 6: Financial Highlights: Revenues
FINANCIAL HIGHLIGHTS = Revenues Revenues YTD revenue grew by 55% to $105.3 million dollars. Q3-23 Q3-24 Third quarter consolidated revenue grew 85% to $41 million dollars, a continuation of the strong trend shown in the last quarter. meridianbet GMG
Slide 7: Financial Highlights: Gross Profit and AEBITDA
FINANCIAL HIGHLIGHTS Gross Profits | Q3-24 YTD-24 Third quarter consolidated gross profit increased by 39% to $22.4 million dollars and YTD gross profit also increased by 24% to $61.8 million dollars. AEBITDA Third quarter consolidated AEBITDA was $4.3million, marginally impacted by currency fluctua
Slide 8: Financial Highlights - Balance Sheet
FINANCIAL HIGHLIGHTS - BALANCE SHEET Shareholder Equity Shareholder equity of the Company grew 60% to $94 million. » < Cash on Hand As of September 30, the Company had over $38.4 million dollars in cash and equivalents with short term debt of only $17.5 million dollars. meridianbet GMG
Slide 9: Divisional Performance / Overview
K COMPETITIONS R Kings Competitions UK & Northern Irelands #1 online competition destination A leading competition website that offers exciting prize draws and raffles, giving users the chance to win a variety of high-value items and experiences. DIVISIONAL PERFORMANCE / OVERVIEW The Best of Both Wo
Slide 10: R Kings Competitions Key Q3 Highlights
(I! “WW” R KINGS SK coneermons Key Q3 24 Highlights + Encountered brief challenge with one of its customer acquisition channels. + Strong recovery with recent surge in ticket sales, robust revenues and profitability. * October 2024 revenues increased by 11.1% compared to September 2024. + Anticipati
Slide 11: GN-AG Key Q3 Highlights
‘G AG Key Q3 24 Highlights Total Wagering Total Wagering + Diversified game portfolio with including popular Crash Games category. + Al-driven retention strategies + Q3 wagering up ; YTD wagering rose in Q3 (up from 24.7% in Q2). YTD-23 YTD-24 + Year on Year comparisons are third quarter 2024 compar
Slide 12: Key Q3 Highlights (new acquisition)
| Gis Key Q3 24 Highlights + New acquisition expanding revenue streams, profitability, and customer base. + Astrong initial market acceptance with significant player participation. * Contributed $2.1M in revenue, $503K in EBITDA, and $253K in profit within two months. + Plans to integrate with other
Slide 13: MexPlay Key Q3 Highlights
| me: Ploy Key Q3 24 Highlights * Scaling in Mexico with growth in cash deposits and active players. + Q3 active players averaged 14,000, a 56% increase from Q2. * Q3 cash deposits rose 25% to $1.5 million; Gross Gaming wagering reached $15 million, a 67% increase. * Gross Gaming Revenue in Q3 incre
Slide 14: Meridianbet Key Q3 Highlights
meridianbet Key Q3 24 Highlights Overall Revenue Growth * Q3 revenue increased by 16% compared to Q3 2023.* * Online segment up 19%, retail grew by 6%. * Quarterly turnover reached $356.4 million, marking a strong 21% year-over-year increase. Online Casino Success a * Online casino GGR** rose to 3.3
Slide 15: Meridianbet Key Q3 Highlights: Retail and Brazil
meridianbet Key Q3 24 Highlights Retail Sports Performance * Q3 2024 retail sports GGR margin reached a notable 10.3% with August achieving 14.1%, Retail Casino Growth + Retail slot machine revenue in Q2 2024 grew by 16% year over year. + Addition of 120 new machines. Brazilian License Update * Meri
Slide 16: Studios: Expanse Studios
sTuUdDIOS ||' ~=XBANSE” Cer oY? Expanse Studios = mb na freon Yamal + In Q3, we added over 100 new partners, expanding our portfolio to 52 proprietary games. + Total spins in September reaching 72.3 million, a 200% increase from Q3 2023. + Active player base grew to 135,000 in September, marking a 1
Slide 17: Outlook: Investment in Tech and AI
OUTLOOK Investment in Tech and Al + We have now transitioned over 80% of our core operations to Atlas, our fifth generation platform for sports betting and online casinos. + Al Casino Recommender = Our system now leverages player behaviour and preferences to deliver precise game recommendations, res
Slide 18: Sustainable ESG
I! SUSTAINABLE ESG © © Supporting Communities and Creating Impact ° In Q3 2024, Meridianbet executed 68 CSR initiatives across Europe, Africa, and Latin America, enhancing the brand’s community impact and driving long-term shareholder value. ° Key CSR actions included: ° Targeted healthcare donation
Slide 19: Outlook
OUTLOOK Focused on operating more efficiently with reduced costs and improved profitability. Implementing cost efficiencies and rationalization through product synergies and redundancy removal. Enhancing Sales and Marketing via broader distribution and synergy-driven sales growth. Optimizing global
Slide 20: Golden Matrix Group
GOLDEN MATRIX GROUP meridianbet
Slide 21: Appendix - AEBITDA Reconciliation
APPENDIX - AEBITDA Reconciliation of Net Income to Adjusted Earnings excluding Interest Expense, Interest Income, Tax, Depreciation Expense, Amortization Expense, Stock-based Compensation Expense, and Restructuring Costs. Net income + Interest expense - Interest income + Taxes + Depreciation + Amort