Slide 1: Year-end Report January-December 2023
Year-end Report January-December2023 1 February 2024 CEO, Martin Carlesund & CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • Improved delivery capacity • Bulgaria studio opened • Crazy Time launched in North America • 110 New games 2023 • Strong world-wide demand for Evolution online casino
Slide 3: Highlights in the quarter
Highlights in the quarter Fourth quarter of 2023 (Q4 2022) January-December 2023 (2022) • Operating revenues +16.6% to 475.3 • Operating revenues +23.5% MEUR (407.5) to 1,798.6 MEUR (1,456.7) • Live growth +21.1% to 405.6 MEUR (334.9) • Live growth +28.2% to 1,523.3 MEUR • RNG growth -3.7% to 69.8 M
Slide 4: Increase in staff
Increase in staff Headcount end of period YoY growth 13% 20 000 19 221 17 447 17 823 18 000 17 026 17 331 15 917 16 000 15 297 14 341 14 000 13 410 12 289 12 000 11 311 10 226 10 000 9 506 8 240 8 000 7 395 6 764 6 000 4 000 2 000 0 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23
Slide 5: Activity in the network
Activity in the network YoY growth Game Rounds index – All games +30% 350 301 300 275 277 254 250 232 203 200 176 153 150 135 115 120 110 100 100 50 0 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 5
Slide 6: TLO;TOR
TLO;TOR flve~ S00 XXX TREME 1500 ii ‘noo. LIG NG) Red Dodgy (WNSTANT Gur) ere | SIC BO) BACCARAT ROULET
Slide 7: Geographic breakdown
Geographic breakdown Revenue per Region Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Group, EUR million 2022 2023 2023 2023 2023 Europe 170.0 173.7 175.2 175.1 185.8 Asia 136.2 154.0 164.5 172.1 181.7 North America 56.2 57.3 55.5 54.7 59.1 LatAm 26.9 30.0 31.3 34.4 32.1 Other 18.2 14.6 14.6 16.3 16.6 Tot
Slide 8: Financial development
Financial development 70,3% 70,7% 70,4% 70,9% 69,9% 69,3% 69,0% 69,9% 68,0% 68,9% 68,6% 67,9% 64,8% 65,1% 63,2% 475,3 452,6 441,1 55,7% 429,6 407,5 378,5 344,0 337,0 Revenue 326,8 318,6 300,2 311,7 300,2 EBITDA 276,0 279,5 256,7 261,0 EUR 235,8 229,7 238,2 EBITDA, % million 206,9 192,9 177,7 174,7 1
Slide 9: Financial development
Financial development 2 000,0 Revenue 2 000,0 EBITDA, EBITDA-margin 1 799 1 800,0 1 800,0 275 1 600,0 1 600,0 1 457 68,7% 69,2% 70,5% 1 400,0 1 400,0 268 59,2% 1 200,0 1 069 1 200,0 EUR 50,0% 1 267 million 1 000,0 1 000,0 45,2% 43,9% 230 1 008 800,0 800,0 1 523 561 735 600,0 1 188 600,0 366 839 400,
Slide 10: P/L detail
P/L detail Oct-Dec Oct-Dec Jan-Dec Jan-Dec Group, EUR thousands 2023 2022 2023 2022 Revenues - Live 405,557 334,947 1,523,274 1,188,308 Revenues - RNG 69,753 72,533 275,327 268,429 Total operating revenues 475,310 407,480 1,798,601 1,456,737 Personnel expenses -93,860 -81,538 -355,300 -289,598 Depre
Slide 11: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 350 90% 35 9% 31/12/ 31/12/ (EUR m) 2023 2022 80% 8% 300 30 Total non-current assets 3,251,2 3,260.0 7% 70% 25 250 Current assets 736.5 576.8 6% 60% Cash and cash equivalents 985.8 532.6 20 5%
Slide 12: Outlook for 2024
Outlook for 2024 Very exciting 2024 Roadmap Continued expansion Continue to take market-shares and to increase gap to our competitors 12
Slide 13: Q&A
Q&A ir@evolution.com