Slide 1: Fourth Quarter & Full Year 2021 Financial Results Call
Fourth Quarter & Full Year 2021 Financial Results Call March 24, 2022 CONFIDENTIAL & PRIVATE Exhibit 99.2
Slide 2: Forward-looking statements
This presentation and the accompanying oral presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our curren
Slide 3: Agenda
Full Year and Q4 Highlights 4 Company & Market Updates 5 - 8 Profitability and Cash Flow 9 FY Financial Results 10 Q4 Financial Results 11 2021-2023 Financial Targets 12 2022 Outlook 13 AGENDA CONFIDENTIAL & PRIVATE
Slide 4: 2021 Highlights
North American revenue grew 89% to $7.5 million in 2021 compared to $4.0 million in 2020. Consolidated revenue increased 51% to $42.3 million in 2021 compared to $28.0 million in 2020. Adjusted EBITDA(1) grew to $18.4 million in 2021 compared to $14.6 million in 2020. Delivered 117,000 new depositin
Slide 5: Record January Revenue and a Flying Start to 2022
Record Jan. Revenue and a Flying Start to 2022 Revenue Taking Off Record January revenue in the U.S. with the launch of online sports betting in multiple states, and in particular New York We delivered a barnstorming performance in New York where, according to our clients, we have been among the mar
Slide 6: Online Casino and Sports Betting Live
Online Casino and Sports Betting Live 6 STATES Online Sports Betting Live 16 STATES Online Sports Betting Legal But Not Yet Live 2 STATES, 1 PROVINCE Recent Bill Introduced But Not Yet Passed 24 STATES No Recent Bill Introduced 2 STATES Strong growth in Q1 due to recent OSB launches with more to com
Slide 7: Diversified & Complementary Portfolio of Premium Digital Media Assets
O T S U.S. State Specific International Brands Strategic U.S. Media Assets and Partnerships National U.S. Sites Diversified & Complimentary Portfolio of Premium Digital Media Assets
Slide 8: U.S. Operators Are Increasingly Focused on Marketing ROI
U.S. Operators Are Increasingly Focused on Marketing ROI U.S. B2C online gambling operators are under pressure to show a path to profitability. Investments in traditional media inherently lack clear attribution to customer acquisition, much less customer lifetime value. It is a very large and expens
Slide 9: GAMB Generates EBITDA and Cashflow Margins Among the Highest Across U.S. Listed Gaming Companies
GAMB Generates EBITDA and Cashflow Margins Among the Highest Across U.S. Listed Gaming Companies FY 2021 adjusted EBITDA margins for GAMB and all peers, except GNOG which is TTM ended 9/30/21, and SRAD which is trailing 9M ended 9/30/21 Cashflow from Operations Margin = Cashflow from Operations / Sa
Slide 10: Full Year 2021 Financial Results
FY 2021 FY 2020 Change Revenue (millions) $42.3 $28.0 +51% Operating Expense (millions) $30.9 $16.8 +84% Operating Profit (millions) $11.4 $11.1 +2% Net Income (millions) $12.5 $15.2 (18%) Net Income per Diluted Share $0.37 $0.49 (24%) Adjusted EBITDA (millions) $18.4 $14.6 +26% Adjusted EBITDA marg
Slide 11: Q4 2021 Financial Results
Q4 2021 Q4 2020 Change Revenue (millions) $10.3 $10.3 0% Operating Expense (millions) $9.7 $5.9 +64% Operating Profit (millions) $0.6 $4.4 (86%) Net Income (millions) $0.9 $8.5 (90%) Net Income per Diluted Share $0.02 $0.35 (94%) Adjusted EBITDA (millions) $2.3 $6.1 (63%) Adjusted EBITDA margin (% o
Slide 12: 2021-2023 Financial Targets
Adjusted figures represent non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers. Leverage is defined as Net Debt as a proportion of Adjusted EBITDA. Net Debt is defin
Slide 13: FY 2022 Outlook
FY 2022 Outlook Expected to exceed >40% year-on-year Revenue growth target for FY 2022. Guidance range implies revenue growth of 68-80% for FY 2022 vs FY 2021. Adjusted EBITDA(1) margin for FY 2022 expected to be below 40% target. Due to organic growth investments to deepen our U.S. presence as well
Slide 14: Appendix: Financial Tables
CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 15: Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands) THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2021 2020 2021 2020 (unaudited) Revenue 10,291 10,267 42,323 27,980 Sales and marketing expenses (4,632 ) (2,442 ) (14,067 ) (8,103 ) Technology exp
Slide 16: Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (Unaudited) (USD in thousands) DECEMBER 31, 2021 DECEMBER 31, 2020 ASSETS Non-current assets Property and equipment 569 515 Intangible assets 25,419 23,560 Right-of-use assets 1,465 1,799 Deferred tax asset 7,028 5,778 Total non-current assets
Slide 17: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands) THREE MONTHS ENDED DECEMBER 31, YEAR ENDED DECEMBER 31, 2021 2020 2021 2020 (unaudited) Cash flow from operating activities Income before tax 1,311 3,489 12,164 10,752 Finance (income) expenses, net (688) 488 (772) 1,796
Slide 18: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation n/m = not meaningful Net finance (income) costs is comprised of gains/losses on financial liability at fair value through profit or loss, finance income, and finance expense. THREE MONTHS ENDED DECEMBER 31, CHANGE YEAR ENDED DECEMBER 31, CHAN
Slide 19: Free Cash Flow Reconciliation and Earnings Per Share
Free Cash Flow Reconciliation Earnings Per Share n/m = not meaningful THREE MONTHS ENDED DECEMBER 31, CHANGE YEAR ENDED DECEMBER 31, CHANGE 2021 2020 $ % 2021 2020 $ % (in thousands USD, unaudited) (in thousands USD, unaudited) Cash flows generated by operating activities 1,176 3,593 (2,417) (67)% 1