Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q2 2022 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, Aug 10, 2022
Slide 1: Q2 2022 Results
-——~ motorsport GAMES Q2 2022 Results August 10, 2022 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2021 Form 10-K.and 2nd Quarter 2022 Form 10-Q filed with the SEC and Q2 2022 earnings release for more complete informa
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Slide 3: Company Highlights
Company Highlights a ) At the center of large, fast-growing motorsport, gaming and esports categories BZ : Strategic, long-term partnerships with iconic racing brands «== motorsport Leveraging exclusive partnerships for multiple products and revenue ZI Games streanis a 5 Pole position in virtual rac
Slide 4: Q2 2022 Highlights
Q2 2022 Highlights Financial Highlights Q2 Revenues of $2.0M $2.0M S22M (S49) (37M) S7.5M_—S6.0M Net loss was $7.5M 1 _ re Adjusted EBITDA loss was $4.9M* Revenue Adjusted EBITDA* Net Loss Q222 Q221 M22 Qa Q222 = 9221 EPS (80.63) ($0.50) 222 221 Key Highlights + Released NASCAR 21: Ignition update,
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives 23 (— >) Released rFactor 2 quarterly content update on May 9, 2022 ae Games (f= IGNITION Released NASCAR 21: Ignition patch optimizing support for Xbox X|S and PlayStation 5 on June 23, 2022 Announced the Le Mans Virtual Series will return in September 2022 for
Slide 6: Q2 2022 Highlights
Q2 2022 Highlights NASCAR 21: Ignition Patch Released Providing Native Support for PlayStation 5 and Xbox Series XS. The Company released a patch for NASCAR 21: Ignition bringing support for 4K resolutions with next-generation consoles from Microsoft and Sony. The patch is free to everyone who owns
Slide 7: Q2 2022 Results
Q2 2022 Results CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Revenues Cost of revenues Gross profit Operating expenses: Sales and market Development General and administrative Impairment of goodwill Impairment of intangible assets Depreciation and amortization Total operating expenses Loss from o
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Net Loss Interest expense, net Depreciation and Amortization EBITDA IPO-related expenses Acquisition-related expenses Impairment of goodwill and intangible assets Gain attributable to equity method investment Stock-based compensation Adjusted EBITDA Thre
Slide 9: Liquidity
Liquidity As of June 30, 2022, the Company had $5.2 million of available cash on hand and no long-term debt. As of July 31, 2022, the Company had $3.8 million of available cash on hand and no long-term debt. The Company's Q2 2022 Form 10-Q discloses that there is substantial doubt about the Company'
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio munnscne FA IGNITION, ee a ZW EXPECTED RELEASE === motorsport 233 Games
Slide 11: Legal Disclosures
LEGAL DISCLOSURES ‘This presentation has been prepared by Motorsport Games Inc. ("Motorsport Games,” “us,” “our,” “we” or the “Company”). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the “SEC"), including our Ann
Slide 12: Legal Disclosures
LEGAL DISCLOSURES Non-GAAP Financial Measures ‘Adjusted EBITDA (the “Non-GAAP Measure”) is not a financial measure defined by U.S. generally accepted accounting principles (“U.S. GAAP"). See the reconcil in the Reconciliation of Non-GAAP Financial Measures slide. ions of the Non-GAAP Measure to its