Slide 1: Q2 2024 Webcast presentation
Q2 2024 Webcast presentation
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
Slide 3: Agenda
Agenda I Q2 highlights II Financial performance III Business review IV Key takeaways Jesper Søgaard Flemming Pedersen Mikkel Munch-Jacobsgaard Co-founder & CEO EVP & CFO VP Group Strategy, IR & Corporate Communication 3
Slide 4: Strong H1 and Q2 delivery
Strong H1 and SECTION HEADER Group revenue up SECTION HEADER SECTION HEADER Q2 delivery 27% Quis suscipit erat purus ut odio. Quis suscipit erat purus ut odio. Quis suscipit erat purus ut odio. Recent major Donec imperdiet neque dui, sit Donec imperdiet neque dui, sit Donec imperdiet neque dui, sit
Slide 5: Financial performance
Financial performance By Flemming Pedersen EVP & CFO 5
Slide 6: Return to organic growth
Return to organic growth Revenue mEUR *EBITDA mEUR Before special items 6
Slide 7: Recurring revenue continues to compound
Recurring revenue continues to compound Recurring revenue mEUR 7
Slide 8: Financial targets were upgraded and capital position remains strong
Financial targets were upgraded and capital position remains strong 2024 targets ● Revenue of 395-425 mEUR, implying 21-30% growth ● EBITDA of 130-140 mEUR, implying 17-26% growth ● Net/debt to EBITDA stay below 3x 8
Slide 9: Business review
Business review By Jesper Søgaard Co-founder & CEO 9
Slide 10: Organic growth back on track
Organic growth back on track ● Europe & ROW driving Q2 growth with low season in North America ● Europe & ROW up 16% organically driven by the Men’s European Championship despite fewer games in major leagues ● North American business impacted by different commercial mix with less upfront revenue and
Slide 11: Q2 performance fueled by strategic acquisitions
Q2 performance fueled by strategic acquisitions ● AceOdds integration was seamless and brand is performing ahead of expectations ● Playmaker Capital integration is moving according to plan with performance marketing ahead of expectations ● Playmaker HQ has seen underperformance leading to a settleme
Slide 12: Successfully navigated major shifts in the search landscape
Successfully navigated major shifts in the search landscape ● Recent policy change impacted media partners negatively on search rankings ● Strategy has worked as envisioned as O&O and Paid Media has seen improved performance, as well as media partnership business still performing well ● Net zero fina
Slide 13: AdVantage has seen proof of concept and first commercial success
AdVantage has seen proof of concept and first commercial success “Centralised advertising efficiency” 13
Slide 14: Key takeaways
Group revenue Recent major Have successfully growth of 27% AdVantage proof of Upgraded guidance EBITDA flat of acquisitions have navigated major with organic concept and first following AceOdds 29 mEUR provided a stronger shifts in the search growth back on operational success and full steam ahead fou
Slide 15: Q&A
Q&A Contact: Mikkel Munch-Jacobsgaard VP Group Strategy, IR & Corporate Communication investor@bettercollective.com www.bettercollective.com 15