Betsson Ab Class B · OMXSTO:BETS_B
Betsson Ab Class B — Q1 2016 Earnings Presentation
31 slides from Betsson Ab Class B's earnings presentation, 2016
Slide 1: Ulrik Bengtsson, CEO and President Betsson AB
U L R I K B E N G T S S O N CEO and President Betsson AB
Slide 2: Presentation Q1 2016 – First quarter revenues grew 18%
PRESENTATION Q1 2016 Q1 2016 FIRST QUARTER REVENUES GREW 18%
Slide 3: Q1 2016 Highlights
Q1 2016 HIGHLIGHTS Revenues of SEK 1,000.1 million (+18%) Business to Consumer 21% Europe-Bet online +37% Sportsbook +27% Deposits +11% Active customers +45%
Slide 4: Business Update
PRESENTATION Q1 2016 BUSINESS UPDATE
Slide 5: Presentation Q1 2016
PRESENTATION Q1 2016 betsson cb 100 %
Slide 6: Mobile Update
MOBILE UPDATE Revenue amounted to SEK 391.2 million ATH 39 percent of total revenues in Q1 - Growth of 68 percent Releases: Android App Automaten brands iOS App StarCasino iOS CasinoEuro App iOS Betsson Jackpot App 22 NATIVE APPS ACROSS THE GROUP
Slide 7: Mobile Sportsbook Turnover
MOBILE SPORTSBOOK TURNOVER 70% 60% 56% 58% 55% 55% 50% 48% 43% 40% 30% 20% 10% 0% Q1 2015 Q1 2016
Slide 8: Q1 Europe-Bet
Q1 EUROPE-BET We are continuing to restructure the offline business Contributed with SEK 93.9 million in NetEnt Integration revenues (of which 14.4 Offline) Overall growth of 28 percent (constant currency) Growth Online of 37 percent (constant currency) Operating income of SEK 35.3 milli
Slide 9: Financial Highlights
PRESENTATION Q1 2016 FINANCIAL HIGHLIGHTS
Slide 10: Revenues - 18% Growth
REVENUES - 18% GROWTH 18% growth Revenues of SEK 1 000.1 (847.4) million SEK m Overall FX effect on revenues (excl. EB) was -4.7% (44.7mSEK) 1200 1,000.1 Sportbook margin slightly below average 1000 800 600 400 200 0
Slide 11: EBIT – Margin of 25%
EBIT – MARGIN OF 25% Margin of 25% SEK m EBIT of SEK 250.1 (238.0) million 300 250,1 Total FX effect on EBIT of -34.7mSEK 250 200 150 100 50 0
Slide 12: Product and Geographical Split
PRESENTATION Q1 2016 PRODUCT AND GEOGRAPHICAL SPLIT
Slide 13: Revenue per Segment (%) – Q1 2015 vs Q1 2016
REVENUE PER SEGMENT (%) – Q1 2015 VS Q1 2016 B2C 2015 2016 B2B 26% 17% 74% 83%
Slide 14: Realm % of Total Revenues
REALM % OF TOTAL REVENUES OTHER FY 2015 Q1 2016 REALM 18% 14% 82% 86%
Slide 15: Revenue per Geography
REVENUE PER GEOGRAPHY Nordic (growth 7%) 2.1% (2.1%) West Europe (growth 45%) Central and East Europe and Central Asia (growth 18%) ROW (growth 20%) 24.4% (19.8%) 46.7% (51.3%) 26.8% (26.8%) Figures in brackets refer to the same period last year
Slide 16: Revenue per Product
REVENUE PER PRODUCT 0.5% Casino (1.8%) Sportsbook Poker 29.3% Other (25.7%) 66.9% 3.3% (69,0%) (3.5%) Figures in brackets refer to the same period last year
Slide 17: Key Performance Indicators
PRESENTATION Q1 2016 KEY PERFORMANCE INDICATORS
Slide 18: Sportsbook Turnover
SPORTSBOOK TURNOVER SEK m 8 000 8% +11% YoY 7 000 7% 6 000 6% 5 000 5% 4 000 4% 3 000 3% 2 000 1 000 2% 0 1% Q1 2015 Q1 2016 Gross turnover Margin after free bets (%)
Slide 19: Deposits – 11% Growth
DEPOSITS – 11% GROWTH SEK m 4 000 3,517 3 500 3 000 2 500 2 000 1 500 1 000 500 0 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016
Slide 20: Active Customers – 45% Growth
ACTIVE CUSTOMERS – 45% GROWTH Thousand 600 538 500 400 300 200 100 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2012 2013 2014 2015 2016
Slide 21: Registered Customers - 17% Growth
REGISTERED CUSTOMERS - 17% GROWTH Thousand 10 000 9,244 9 000 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2012 2013 2014 2015 2016
Slide 22: Legal Update
PRESENTATION Q1 2016 LEGAL UPDATE
Slide 23: Legal Update: The Netherlands
LEGAL UPDATE The Netherlands The proposed new Dutch legislation is still in the second chamber in the parliament waiting to be processed. A deal have been made between the ruling coalition partners to set both online and offline net tax to 29% A debate and vote in parliament is expected in May
Slide 24: Legal Update: Sweden – Timetable for New Regulation
LEGAL UPDATE Sweden – Timetable for new regulation Legislative process has been initiated and chairperson have been appointed Law proposal planned for Dec 2017 Start of new legislation planned for 1 July 2018
Slide 25: New License in Ireland – Now Eight Local Licenses
NEW LICENSE IN IRELAND – NOW EIGHT LOCAL LICENSES Betsson Licenses Country and remote gaming tax UK (15% GGR) Belgium (11% GGR) Malta (SB 0.5% TO / GoC 1.5K EUR per license) Italy (20% GGR) Denmark (20% GGR) Estonia (5% GGR) Georgia (5% TO / GoC 15% profit) Ireland (SB 1% TO)
Slide 26: Events After Q1
PRESENTATION Q1 2016 EVENTS AFTER Q1
Slide 27: Events After End of the Period
EVENTS AFTER END OF THE PERIOD Revenue at the beginning of the second quarter was slightly below the first quarter’s daily average. In the beginning of the second quarter Betsson gained a license in Ireland and assumes good potential for strong growth in the country. Betsson also operates its bu
Slide 28: Capital Markets Day 2016
CAPITAL MARKETS DAY 2016 SAVE THE DATE MAY 26TH at 08:00 CEST! Welcome to Betsson’s yearly CMD at Haymarket by Scandic Hotel, Hötorget, Stockholm, Sweden.
Slide 29: Q&A
PRESENTATION Q1 2016 betsson cb Q&A
Slide 30: Appendix
PRESENTATION Q1 2016 APPENDIX
Slide 31: Income Statement & Balance Sheet
INCOME STATEMENT & BALANCE SHEET Income statement (average rate) Q12016 Q12015 EUR/SEK 9,3248 9,3797 -0,6% TRY/SEK 2,8698 3,3849 -15,2% GEL/SEK 3,4712 4,0167 -13,6% NOK/SEK 0,9792 1,0738 -8,8% Balance sheet (Closing rate) EUR/SEK 9,2323 9,2869 -0,6% TRY/SEK 2,8779 3,3059 -12,9% GEL/SEK 3,4807 3,8422