Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q4 2022 Earnings Presentation
26 slides from Gentoo Media's earnings presentation, Feb 15, 2023
Slide 1: Gaming Innovation Group Inc. Interim Report
Gaming Innovation Group Inc. Interim Report 15 Feb 2023
Slide 2: Q4 Highlights
Q4 2022 - Interim Report Q4 Highlights ● GiG delivers another successive all-time-high revenues and EBITDA ● Media achieved a record 91% YoY growth in First Time Depositors ● Platform & Sportsbook continued positive delivery with four brand launches and six additional new clients signed ● Media sign
Slide 3: All time high quarterly revenues
Q4 2022 - Interim Report All time high quarterly revenues Revenues* (MEUR) EBITDA adj. (MEUR) EBIT (MEUR) Revenues* EBITDA adj. EBIT +44% Y/Y +71% Y/Y +80% Y/Y (35% organic) 41.4% margin 15.5% margin *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations
Slide 4: Strong yearly growth
Q4 2022 - Interim Report Strong yearly growth Revenues* (MEUR) EBITDA adj. (MEUR) EBIT (MEUR) Revenues* EBITDA adj. EBIT +36% Y/Y +51% Y/Y +40% Y/Y 38.0% margin 13.1% margin *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss sta
Slide 5: Business update Media
Q4 2022 - Interim Report Business update Media
Slide 6: Media Services Q4-2022
Q4 2022 - Interim Report GiG Media Revenue & EBITDA (MEUR) Revenue Media Services EBITDA adj. Q4-2022 ● Media Services reached another all-time quarterly highs in revenues and FTDs ● Q4-2022 revenues of €17.8m (12.8), up 40% Y/Y and 18% Q/Q - all organic growth ● EBITDA adj. of €8.9m (5.9), up 52% Y
Slide 7: Media Services Full year 2022
Q4 2022 - Interim Report GiG Media Revenue (MEUR) Media Services Full year 2022 ● Full year 2022 revenues of €61.7m (45.0), up 37% Y/Y - all organic growth ● EBITDA adj. of €29.9m (20.7), up 42% Y/Y ● EBITDA-margin at 48% (46%) GiG Media EBITDA adj. (MEUR) 7
Slide 8: Media Services FTDs
Q4 2022 - Interim Report GiG Media - FTDs (1000) Media Services FTDs ● First Time Depositors (FTD) ended at 115,900, another new all-time high ● 91% increase YoY and 33% QoQ ● ~95% of FTDs on full revenue share or hybrid deals, securing future recurring revenues ● Full year 2022 FTDs ended at 352,00
Slide 9: Media Services
Q4 2022 - Interim Report Media Services GiG Media Revenue split Q4-2022 ● US organic traffic increased 76% YoY ● Revenues from the Americas increased 136% YoY, representing 23% of GiG Media revenues in Q4-22, up from 13% in Q4-21 ● LATAM a strong region of growth ● Continued growth in legacy markets
Slide 10: Acquisition of AskGamblers
Q4 2022 - Interim Report Acquisition of AskGamblers ● Signed agreement in December to acquire the casino affiliate websites Askgamblers.com several smaller domains from Catena Media ● Award-winning brand, recognised as a well-trusted website source in the iGaming industry ● Significant growth opport
Slide 11: Business update Platform & Sportsbook
Q4 2022 - Interim Report Business update Platform & Sportsbook 11
Slide 12: Platform & Sportsbook Q4-2022
Q4 2022 - Interim Report Platform & Sportsbook Platform and Sportsbook Q4-2022 Revenue & EBITDA (MEUR) Revenue EBITDA adj. ● All-time high revenues for Platform & Sportsbook at €8.2m (5.3), a 54% increase ● 37% organic revenue growth excluding premium fees ● Adjusted EBITDA of €1.8m (0.4), a 309% in
Slide 13: Platform & Sportsbook Full year 2022
Q4 2022 - Interim Report Platform and Sportsbook Revenue (MEUR) Platform & Sportsbook Full year 2022 ● All-time-high revenues for Platform & Sportsbook for full year 2002 at €28.3m (21.4), a 33% increase ● 18% organic revenue growth excluding premium fees Platform and Sportsbook ● Adjusted EBITDA of
Slide 14: Platform & Sportsbook Integration pipeline
Q4 2022 - Interim Report Platform & Sportsbook 41 Clients Integration pipeline (8% YoY) • 4 brands went live and 5 are awaiting client decision to launch • Brands live at the end of Q4 increased +22% YoY 62 Brands (22% YoY) • 17 brands in the integration pipeline • Approx 30% of contracts are within
Slide 15: Platform & Sportsbook
Q4 2022 - Interim Report Platform & Sportsbook Platform and Sportsbook SaaS and Managed Services only ● Underlying SaaS and related revenues experience steady, strong growth ● Business has transformed from a white-label provider to a leading SaaS operator both operationally and financially ● 65% CAG
Slide 16: Events after the quarter & summary
Q4 2022 - Interim Report Events after the quarter & summary 16
Slide 17: Update after the quarter
Q4 2022 - Interim Report Update after the quarter ● 3 new platform agreements signed, including groups first move into the regulated high value swiss market ● Completed AskGamblers acquisition ● Media strong trend of FTD acquisition continued in January - up 39% compared to same period last year ● J
Slide 18: Long-term Financial targets
Q4 2022 - Interim Report Long-term Financial targets Growth Profitability Leverage To achieve annual organic To achieve an adjusted Cash generated from the revenue growth in the region EBITDA margin in excess of business will be used to lower of 20% 50% during 2024 leverage ratio while pursuing grow
Slide 19: Summary
Q4 2022 - Interim Report Summary “ ● GiG delivers all-time-high revenues and EBITDA for the quarter ● 2022 exceptional year across business units, both financially and operationally GiG positioned for ● GiG has an diverse geographical footprint supporting the growth multiple growth across both the M
Slide 20: Thank you
Q4 2022 - Interim Report Thank you Q&A 20
Slide 21: Appendix
Appendix
Slide 22: Largest shareholders: January 2023
Q4 2022 - Interim Report Largest shareholders: 31 January 2023 GAMING INNOVATION GROUP INC. 1 13 487 500 10.6 % SkyCity Entertainment Group Limited 2 7 603 559 6.0 % Optimus Invest Limited 3 7 115 491 5.6 % Myrlid AS 4 4 756 180 3.7 % Nordea Livsförsäkring Sverige AB 5 4 424 148 3.5 % Betplay Capita
Slide 23: Income Statement
Q4 2022 - Interim Report Income Statement EUR 1 000 (Unaudited) B2C & Sports included as discontinued operations Q4 2022 Q4 2021 2022 2021 Revenues* 26 013 18 081 90 066 66 343 Cost of sales 397 97 858 868 Gross profit 25 616 17 984 89 208 65 475 Marketing expenses 6 016 3 337 18 784 11 208 Other op
Slide 24: Balance Sheet
Q4 2022 - Interim Report Balance Sheet EUR 1 000 (unaudited) 31 Dec 2022 31 Dec 2021 Assets Goodwill 75 340 16 325 Intangibles assets 61 020 31 732 Deposits and other non-current assets 10 190 13 481 Total non-current assets 146 550 61 539 Trade and other receivables 23 221 17 569 Cash and cash equi
Slide 25: Cash Flow
Q4 2022 - Interim Report Cash Flow In EUR 1 000 Q4 2022 Q4 2021 2022 2021 Cash flow from operating activities 8 501 4 929 31 839 12 931 Cash flow from investing activities -5 224 -2 327 -48 091 -9 228 Cash flow from financing activities -2 223 -1 500 23 004 -6 323 Translation (loss)/gain 12 -113 -10
Slide 26: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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