Gentoo Media Inc · OMXSTO:G2M

Gentoo Media — Gaming Innovation Group — Q4 2016 Earnings Presentation

28 slides from Gentoo Media's earnings presentation, Feb 14, 2017

1. Slide 1: Gaming Innovation Group Q4 2016

   Gaming Innovation Group Q4 2016 14 February 2017 Robin Reed, CEO Tore Formo, CFO

2. Slide 2: An iGaming eco-system

   GAMING INNOVATION GROUP AN iGAMING ECO-SYSTEM APPLICATION ECONOMY MARKETING CLIENT ECO-SYSTEMS ‘AMINO SERVICES PROVIDED BancLIENTs 9 punoer | aQs- INNOVATION ae | + 19 MoRE ee ren [ponce] TECHNOLOGY

3. Slide 3: Creating a leading iGaming company

   Creating a leading iGaming company • • 3

4. Slide 4: Highlights Q4

   Highlights Q4 ° All time high revenues and EBIDTA for the group ° iGamingCloud exceeding 2016 new clients guiding, achieve all time high quarterly revenues [132% Y/Y growth] ° All time high revenues for Innovation Labs in Q4 (159% Y/Y growth) ° RIZK player retention and BetlIt acquisition driving B2

5. Slide 5: Financial highlights

   Financial highlights Q4 REVENUES Q4 COST OF SALES Q4 OPERATING EXPENSES Q4 EBITDA €21.5M €4.1M €16.6M €3.9M (48% Q/Q) (62% Q/Q) (13% Q/Q) (1.1M Q3 16) (237% Y/Y) (212% Y/Y) (114% Y/Y) (-1.8M Q4 15) 2016 2016 2016 2016 €53.6M €9.3M €38.5M €5.8M 5

6. Slide 6: Operational update

   Operational update

7. Slide 7: B2C

   B2C The B2C segment include Gaming Innovations Groups gaming operators • • • • • 7

8. Slide 8: Increased deposits from active players

   Increased deposits from active players 8

9. Slide 9: High retention rate for RIZK

   High retention rate for RIZK 9

10. Slide 10: Marketing % driving future earnings

    Marketing % driving future earnings • • 10

11. Slide 11: B2B

    B2B The B2B segment includes Gaming Innovation Groups cloud based services (iGamingCloud) and digital marketing services (Innovation Labs) • • • • • • Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 • 11

12. Slide 12: iGaming Cloud exceeded 2016 target

    iGaming Cloud exceeded 2016 target • • • • • • • 12

13. Slide 13: Innovation Labs increasing revenue per FTD

    Innovation Labs increasing revenue per FTD • • • • 13

14. Slide 14: Strategic update

    Strategic update • • • • • • • • • 14

15. Slide 15: Introducing BettingCloud

    Introducing BettingCloud • • • • • 15

16. Slide 16: Financial update

    Financial update

17. Slide 17: Continued strong growth

    Continued strong growth • • 17

18. Slide 18: Cash Flow development

    Cash Flow development • • • • 18

19. Slide 19: Financial position

    Financial position Balance sheet composition EUR million 140 120 100 30 ° Equity ratio of 83% Non-current Equity “ * Strong cash position 40 20 Assets Equity and liabilities ee

20. Slide 20: Summary and outlook

    Summary and outlook

21. Slide 21: Outlook

    21 Outlook Expect to use the Nordic bond market to finance future acquisitions Increased marketing budgets for B2C in 2017 Develop iGC-platform to sign larger and established clients Expand Innovation Labs to new verticals and markets New sports betting provider to be launched in 2017 See 2017 reven

22. Slide 22: Q&A

    22 Q&A 1st quarter 2017 09.05.17

23. Slide 23: Appendix

    Appendix

24. Slide 24: Largest shareholders as of February 2017

    Largest shareholders as of 13 February 2017 24

25. Slide 25: Income statement

    Income statement Condensed Statements of Operations in EUR 1 000 (Unaudited) Q4 2016 Q4 2015 2016 2015 Revenues 21495 6 384 53 605 17749 Cost of sales 4052 1300 9 285 4042 Gross profit 17 443 5 084 44 320 13 707 Gross profit margin 81% 80 % 83% 77% Marketing expenses 7007 3769 19094 7670 Other opera

26. Slide 26: Cash flow

    26 Cash flow In EUR 1.000 Q4 2016 Q4 2015 2016 2015 Cash flow from operating activities -338 -1 205 1594 -1189 Cash flow from investment activities -1065 91 -4305 -1 604 Cash flow from financing activities -315 1826 7188 3753 Translation loss -551 -80 -533, -150 Net change in cash and cash equivalen

27. Slide 27: Balance sheet

    Balance sheet Condensed Balance Sheet in EUR 1 000 (Unaudited 2016 2018 Assets Goodwill 63.962 22 230 Intangibles and other non-current assets 45267 7138 Total non-current assets 109 229 29 369 Other current assets 12 680 5 000 Cash and cash equivalents 6035 2092 Total current assets 18715 7092 Tota

28. Slide 28: Gaming Innovation Group Inc. corporate structure

    28 GAMING INNOVATION GROUP INC. DELAWARE Listed on the Oslo Bors GAMING INNOVATION GROUP LTD. GO B2B B2C oPeRATORS . AFFILIATE MARKETING CLOUD SERVICES CANDID GAMING LTD. ‘ZECURE GAMING LTD. Innovation Labs Ltd. iGaming Cloud Lta. (Malta) | Malta) [Matta ) ( Malta} i) lan (®betspin RIZK INNOVATION G

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