Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q3 2020 Earnings Presentation
27 slides from Gentoo Media's earnings presentation, Nov 4, 2020
Slide 1: Gaming Innovation Group Inc. Interim Report
h GiG Gaming Innovation Group Inc. Interim Report — 04 Nov 2020
Slide 2: Today's Presenters
Q3 2020 Interim Report Today’s Presenters Richard Brown Tore Formo CEO Group CFO 2
Slide 3: iGaming solutions based on innovative technology
Q3 2020 Interim Report iGaming solutions based on innovative technology GiG focusing strategy on ambition to become global Tier 1 B2B provider. Our strategy is centered on two customer focused business areas, supported by our group ambition for top performance and operational excellence Platform &
Slide 4: GiG in brief
GiG in brief Mission “To drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service.” Dual-listed on Oslo Børs and at Nasdaq Stockholm 465 Over 25 primary countries Employees targeted by Media assets 8 Global Platform Licenses €
Slide 5: Head figures development
Q3 2020 Interim Report Head figures development Revenues (MEUR EBITDA MEUR Revenues Revenues adj. EBITDA 78% Y/Y 42% Y/Y 850% Y/Y 8% Q/Q 8% Q/Q 12% Q/Q 5
Slide 6: Key takeaways Q3 2020
Q3 2020 Interim Report Key takeaways Q3 2020 ● Continued quarterly and significant year over year growth ● Secured future revenue growth by signing six new agreements for platform provision in the quarter, and two so far in Q4 ● Signed partnership with BetGenius to help further expand Sport produc
Slide 7: Strategic Update
Q3 2020 Interim Report Strategic Update 7
Slide 8: Positioned to capitalise on projected growth in regulated markets
Q3 2020 Interim Report Positioned to capitalise on projected growth in regulated markets GiG is well positioned via its Platform and Media business units to capitalize on the growth in the in the industry by positioning itself in high barrier to entry re-regulating and regulating markets where dri
Slide 9: Local regulation driving demand and securing future revenue
Q3 2020 Interim Report Local regulation driving demand and securing future revenue 80% of contracts signed in Q3 were in locally regulated markets 9
Slide 10: Platform revenue growth with new contracts
Q3 2020 Interim Report Platform revenue growth with new contracts Le Grand Mill of Magic / Grupo Slots CasinoWin TipWin HoT Slotbox SuperSeven Skopje Casumo brand Argentina Hungary Germany L. America Ireland • Sales pipeline developing well despite delays • Signed large retail operator TipWin in G
Slide 11: Entered into partnership with Betgenius
Q3 2020 Interim Report Entered into partnership Live sports Data with Betgenius Pre-match & in-play trading ● Combined offering enhances product offering Risk Management ● End to end sportsbook and platform ● Reduction in opex and scaleable trading & risk management ● Partnership is great opportun
Slide 12: GiG's core strengths are positioning us to capture our target market
Q3 2020 Interim Report GiG’s core strengths are positioning us to capture our target market GiG’s Strengths ● Platform: providing Casino, Sportsbook and Data technology to Operators globally as well as full Managed Services capability ● End to End product and service solutions ● Media: successful
Slide 13: Business Update
Q3 2020 Interim Report Business Update 13
Slide 14: Platform Services
Q3 2020 Interim Report Platform Services Revenue & EBITDA MEUR Revenue Platform Services EBITDA ● Revenues for Platform Services were €9.1 3.6 million in Q3 2020, adjusted revenues* were €5.4 3.6 million, a 50% increase Y/Y and 15% Q/Q ● Platform Services had positive EBITDA in September and
Slide 15: Platform Services
Q3 2020 Interim Report Platform Services Brands on the platform White Labels Platform Services SaaS Integration ● Strategy to move clients from the white label model and over pipeline to Software-as-a-Service (SaaS agreements is progressing well: ○ reduces operational complexity and overhead cost
Slide 16: Media Services
Q3 2020 Interim Report Media Services Revenue & EBITDA MEUR Revenue Media Services EBITDA ● Media Services’ core markets returned towards normality in the third quarter as general COVID19 restrictions were eased and sports events started again. Seasonality also had an impact in some markets ● M
Slide 17: Sports Betting Services
Q3 2020 Interim Report Sports Betting Services Sports Betting Services Revenue & EBITDA MEUR Revenue ● A restructuring initiative was rolled out in April to significantly reduce costs. Full effects will be seen in Q420 EBITDA ● EBITDA for Sports Betting Services improved to €0.7m 1.8 due to
Slide 18: Events after the quarter & summary
Q3 2020 Interim Report Events after the quarter & summary 18
Slide 19: Update after the quarter
Q3 2020 Interim Report Update after the quarter ● Signed two new long term customers onto the platform ● One of which is a land based casino group where GiG can provide omni channel offering to end users ● Sales pipeline remains strong with globally diverse new customers and trend continues as lan
Slide 20: Summary
Q3 2020 Interim Report Summary ● GiG delivered Significant year over year growth and continued quarterly growth in both revenue and EBITDA ● Signed six new agreements in the quarter - securing geographical, regulated & diversified recurring future revenues. The sales pipeline is strong and additio
Slide 21: Q&A
Q3 2020 Interim Report Q&A 21
Slide 22: Appendix
Q3 2020 Interim Report Appendix 22
Slide 23: Largest shareholders: 30 September 2020
Q3 2020 Interim Report Largest shareholders: 30 September 2020 GAMING INNOVATION GROUP INC. 1 7 603 559 8,4 % Andre Lavold 2 6 800 000 7.6 % Swedbank Robur Ny Teknik 3 6 154 552 6.8 % Myrlid AS 4 4 896 125 5.4 % Henrik Persson Ekdahl 5 3 880 999 4.3 % Morten Hillestad Holding AS 6 3 509 128 3.9 %
Slide 24: Income Statement
Q3 2020 Interim Report Income Statement EUR 1 000 Unaudited) B2C included as discontinued operations Q3 2020 Q3 2019 9M 2020 9M 2019 2019 Revenues 17 931 10 060 45 771 33 641 44 054 Cost of sales 906 222 2 137 741 906 Gross profit 17 025 9 838 43 634 32 900 43 148 Gross profit margin 95% 98% 95%
Slide 25: Balance Sheet
Q3 2020 Interim Report Balance Sheet EUR 1 000 (unaudited) B2C included as discontinued operations 30 Sep 2020 30 Sep 2019 31 Dec 2019 Assets Goodwill 16 018 69 396 15 995 Intangibles assets 34 526 57 084 40 912 Deposits and other non-current assets 18 121 22 266 20 191 Total non-current assets 68
Slide 26: Cash Flow
Q3 2020 Interim Report Cash Flow In EUR 1 000 B2C included as discontinued operations Q3 2020 Q3 2019 9M 2020 9M 2019 2019 Cash flow from operating activities 225 2 352 17 888 10 319 4 077 Cash flow used by investing activities 1 744 2 027 16 042 9 676 10 501 Cash flow from financing activiti
Slide 27: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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