Raketech Group Holding Plc · OMXSTO:RAKE
Raketech — Q1 2024 Earnings Presentation
14 slides from Raketech's earnings presentation, May 15, 2024
Slide 1: Q1 2024 Report Presentation
RAKETECH QI 2024 Report Presentation
Slide 2: Q1 2024 Agenda and Presenters
Q1 2024 01. Highlights 02. Financials Q1 2024 03. Key takeaways 04. Q&A Johan Svensson Måns Svalborn Acting Chief Executive Officer Chief Financial Officer
Slide 3: Q1 Financial Highlights
3 Q1 Financial Highlights SUSTAINED REVENUE GROWTH DESPITE UNEXPECTED CHALLENGES • Group revenue totaled EUR 19.0 million, an organic increase of 20.1% Y/Y • Adjusted EBITDA of EUR 5.1 million, a decrease of -17.2% Y/Y • • EBITDA of EUR 4.3 million, a decrease of -29.9% Y/Y Sub-affiliation continued
Slide 4: Q1 Operational Highlights
4 Q1 Operational Highlights Betting tips and Affiliation marketing Sub-affiliation subscription Performance marketing and lead generation Saas and managed solutions for administration, data Consumer services, tailored sports data insights, provided for operators via Raketech owned assets. analytics,
Slide 5: Operational review and strategic initiatives
5 Operational review and strategic initiatives ✓ New operational model and restructuring AFFILIATION MARKETING ✓ Partnerships with entrepreneurs for securing the right competence ✓ Active approach to lower SEO dependency Counteract negative organic ✓ Grow our sports vertical growth ✓ Increase CRM ac
Slide 6: Financials Q1 2024
RAKETECH Financials Q1 2024
Slide 7: Sub-affiliation growth with increasing rev share
7 Sub-affiliation growth with increasing rev share Revenue streams Revenue mix EUR Affiliation marketing Sub-affiliation Betting tips & Subscription EUR Revenue share CPA Flat fee Betting subscr. million million 25 +20.1% 25 1.7 1.7 0.9 0.9 20 20 2.6 2.2 1.2 1.2 1.0 1.0 2.4 15 1.4 11.1 11.4 15 1.4 2
Slide 8: Increasing share of Casino through Sub-affiliation
Increasing share of Casino through Sub-affiliation Region split Vertical split EUR million EUR million 100% 100% 1.3 1.1 2.1 1.8 1.3 1.5 2.4 1.9 1.1 90% 2.4 0.7 90% 3.4 3.1 4.3 3.5 0.8 0.8 3.8 0.7 0.7 0.6 3.2 4.2 0.7 4.3 3.5 80% 0.7 80% 70% 70% 4.5 9.3 9.3 4.0 8.4 8.2 60% 4.2 6.1 7.5 US 60% Other 50
Slide 9: Strong free cash flow before earnouts
9 Strong free cash flow before earnouts Free cash flow quarterly, before earnouts and EBITDA and margin quarterly acquisitions EUR million EUR million 6.5 6.3 6.1 6.0 5.6 Adjusted 5.6 5.5 5.1 5.1 5.2 5.2 5.0 5.0 4.8 4.3 3.8 3.8 3.3 3.2 40.1% 33.6% 37.1% 40.3% 38.7% 31.1% 26.1% 26.3% 22.6% Q1-22 Q2-2
Slide 10: Financial flexibility for upcoming earnouts
10 Financial flexibility for upcoming earnouts Estimated earnout settlements EUR million 20 Current cash flow well above estimated earnout payments 15 Free cash flow EUR 20m can be settled at any point in time 10 up until September 2026 5 0 Next 12 Months Months months 13-24 25-36 Q2’24 – Q1’25 Q2’2
Slide 11: Key takeaways and outlook
11 Key takeaways and outlook Financials Outlook and way forward • Revenues of EUR 19.0m • April revenues EUR 5.9m in-line with April 23 • 20.1% organic growth • Final phase of Casumba earnout, minor • Adjusted EBITDA of EUR 5.1m at 26.7% margin material changes • Strong growth in sub-affiliation +15
Slide 12: Q&A
RAKETECH Q&A 12
Slide 13: www.raketech.com
www.raketech.com
Slide 14: Thank you!
RAKETECH Thank you!
Raketech Group Holding — Q1 2024 Earnings Presentation on 6ix