Better Collective A/s · OMXCOP:BETCO_DKK

Better Collective A/s — Q4 2024 Earnings Presentation

16 slides from Better Collective A/s's earnings presentation, Feb 20, 2025

  1. Slide 1: Q4 2024 Webcast presentation

    Q4 2024 Webcast presentation

  2. Slide 2: Forward-looking statement

    Forward-looking statement This presentation contains certain forward-looking statements and opinions. Forward-looking statements are statements that do not relate to historical facts and events and such statements and opinions pertaining to the future that, for example, contain wording such as “beli

  3. Slide 3: Agenda

    Agenda I Business update and FY highlights II Financial performance and guidance update III Key takeaways Jesper Søgaard Flemming Pedersen Mikkel Munch-Jacobsgaard Co-founder & CEO EVP & CFO VP Group Strategy, IR & Corporate Communication 3

  4. Slide 4: Profitable growth has always been our core focus

    Profitable growth has always been our core focus Revenue & EBITDA development, yearly, 2018-2025E 4

  5. Slide 5: Full year revenue and EBITDA grew due to M&A, however impacted by US and Brazil

    Full year revenue and EBITDA grew due to M&A, however was impacted by US and Brazil Revenue & EBITDA development, yearly & quarterly, 2022-2024 1. Before special items 5

  6. Slide 6: Recurring revenue continues to compound highlighting a higher quality year than ever

    Recurring revenue continues to compound highlighting a higher quality year than ever Recurring revenue development, quarterly, 2022-2024 (€m) 6

  7. Slide 7: Brazil represents the largest international market to date to regulate and onshore business

    Brazil represents the largest international market to date to regulate and onshore business Brazilian market The Brazilian market has organically developed into a very large international market within 3-4 years Better Collective 2024 revenue >€70m from Brazilian players The Brazilian online sports

  8. Slide 8: 2025 guidance reflects the Brazilian rebasing following the regulation

    2025 guidance reflects the Brazilian rebasing following the regulation 2025 guidance 2025 • Revenue: €320m-€350m • EBITDA1: €100m-€120m • Free cash flow: €55-€75m • Net debt to EBITDA: <3x 1. Before special items 8

  9. Slide 9: 2025 EBITDA guidance bridge: cost efficiency program expected to maintain EBITDA flat

    Despite short term market changes in Brazil and H1 2024 rebasing, BC's cost efficiency program and continued growth is expected to maintain EBITDA flat 2025 EBITDA guidance Unrecognised future revenue share income built up during 2025 Estimated tax (GGR) 1 and costs on NGR Estimated player churn 1. Eur

  10. Slide 10: 2025 and 2027 guidance

    2025 guidance reflects the Brazilian rebasing following the regulation and 2027 guidance has been adjusted to exclude M&A and include the new market outlook 2025 and 2027 guidance 2025 2027 • Revenue: €320m-€350m • Revenue: Positive organic 1 • EBITDA : €100m-€120m growth from 2026 • Free cash flow: €

  11. Slide 11: The anticipated €50m cost efficiencies mainly stem from salary costs and editorial savings

    The anticipated €50m cost efficiencies mainly stems from salary costs and editorial savings Cost efficiency program breakdown (€m)1 11 1. Values rounded

  12. Slide 12: HLTV honored the world's best Counter-Strike 2 athletes at its 4th award show

    Better Collective’s leading esport brand HLTV honored the world’s best Counter-Strike 2 athletes at its 4th consecutive award show 12

  13. Slide 13: Better Collective powered more than 8 million wagers around the Super Bowl

    Better Collective powered more than 8 million wagers and gathered football fans in New Orleans for the Super Bowl 13 1. Values rounded

  14. Slide 14: Focus on organic growth, reducing debt, repurchasing stock, and cancelling BETCO holdings

    Going forward, we will enhance shareholder value by focusing on organic growth, reducing debt, repurchasing stock, and cancelling BETCO holdings Capital allocation as the core focus Always cared a lot about capital allocation M&A has been a great growth driver for us, but now is the time for shiftin

  15. Slide 15: Well positioned for success in 2025 after navigating 2024's changes

    After navigating 2024s changes, we remain confident that Better Collective is well positioned for success in 2025 Rebasing ahead of growth 2024 was a turbulent year navigating many challenges 2025 will be a year of rebasing the business following the Brazilian regulation and changed market outlook in

  16. Slide 16: Q&A

    Q&A Contact: Mikkel Munch-Jacobsgaard VP Group Strategy, IR & Corporate Communication investor@bettercollective.com www.bettercollective.com

Better Collective — Q4 2024 Earnings Presentation on 6ix