Meridian Holdings Inc. · NASDAQ:MRDN
Meridian — Golden Matrix Group — Merger or Acquisition (September 2023)
25 slides from Meridian's merger presentation, Sep 29, 2023
Slide 1: Investor Presentation: Meridian Acquisition Financing
July 2023 ‘GOLDEN MATRIX GROUP Nasdaq: GMGI meridian Sports Betting & Gaming in Emerging Markets Investor Presentation GMGI | Meridian Acquisition Financing
Slide 2: Disclaimers
Disclaimers This presentation has been made available to you with the consent of Golden Matrix Group, Inc. (the "Company." "GMGI." "we." or "us"). This presentation is strictly confidential and may not be reproduced or redistributed in whole of in part, nor may its contents be disclosed to any other
Slide 3: Disclaimers (Continued)
Disclaimers (Continued) Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the parties to amend and close the MeridianBet Sale and Purchase Agreement (as may be amended
Slide 4: Disclaimers (Continued)
Disclaimers (Continued) Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this presentation are reasonable, we provide no assurance that these plans, intentions or expectations will be achieved. Other important fact
Slide 5: Disclaimers (Continued)
Disclaimers (Continued) It is expected that some or all of the assumptions in the Projections will not be realized and that actual results will vary from the Projections. Such variations may be material and may increase over time. In light of the foregoing. you are cautioned not to place undue relia
Slide 6: Disclaimers (Continued)
Disclaimers (Continued) Additional Information and Where to Find It ‘This commmmnication does not constitute a solicitation of any vote, proxy of approval in connection with the Purchase Agreement or related transactions. In connection with the transactions contemplated by the Purchase Agreement, GM
Slide 7: Golden Matrix Provides a Strong Foundation
Golden Matrix Provides a Strong Foundation Golden Matrix Highlights Core Offerings Leading configurable & scalable iGaming aggregator platform with 650+ operators Industry leading customer brands with 7mm+ online players Inherently high-margin, highly-cash generative, asset-light model — Select Part
Slide 8: Introducing a profitable and anticipated high growth omnichannel sports betting and gaming operator
Introducing a profitable and anticipated high growth omnichannel sports betting and gaming operator with leadership in emerging regulated markets IMIG | meridian _~ = + }.
Slide 9: Scaling, Profitable and Growing
Slide 10: Investment Highlights
Investment Highlights }— Omnichannel sports betting and iGamin: rket leader across se veral high-growth err ging markets ped h flow conversion and growth -— Global B2C and B2B operations across 15+ regulated gaming markets with runway for geographic e» -— Experienced management team with proven tra
Slide 11: Leader in Highly Attractive Markets With Potential Substantial Upside
Leader in Highly Attractive Markets With Potential Substantial Upside — Global Sports Betting & Gaming —— N t) \ 8% | \ age Fs | — Meridian Key Markets — ~$6bn ~$470bn cant rete r 0 ‘she naa ~20% (sna nn conc J — Serbia — —Montenegro= — Bosnia — 7 1% 28% 4h | meridian
Slide 12: Meridian is a Sports Betting & Gaming Leader in Emerging Markets
Meridian is a Sports Betting & Gaming Leader in Emerging Markets Meridian Highlights Core Offerings Omnichannel B2C & B2B Gaming Operator Strong market share as true omnichannel sports betting & iGaming operator” B2B & B2C Platform Key B2C Products Established proprietary technology & ) gaming platf
Slide 13: Best-in-Class Proprietary Technology Platform
Best-in-Class Proprietary Technology Platform Pre-Match Betting No.1 In Region >3,200 Matches >2,000 Betting Markets Live Betting No.2 >300 InRegion Parallel Matches | Platform Highlights Omnichannel sports betting proprietary platform; BetShopManager™ Ability to control both the offering to the cus
Slide 14: Attracting and Retaining Customers
Attracting and Retaining Customers Attract sports and gaming enthusiasts across targeted touchpoints Engage customers everywhere they go with omnichannel offering Social Search And More 10
Slide 15: Robust Pro Forma Revenue Growth
Robust Pro Forma Revenue Growth Revenue ($mm) —— KeyDrives —— $139 $t $m $65 ffering $75 ei $54 20214 20228 mmeridian YoY Revenue Growth 70% 25% ~ 27% "1
Slide 16: Significant Projected Pro Forma Profitability & Cash Flow Generation
Significant Projected Pro Forma Profitability & Cash Flow Generation — Adj.EBITDA($mm) — FCF ({mm) — Commentary $31 Adj. EBITDA $1 $15 $14 2023E 2023E mmeridian » SIS asynergies 1m meridian Sms Adjusted EBITDA Margin FCF Conversion Rate (% of Adj. EBITDA) 22% 49% 12
Slide 17: Relentless Focus on Profitable Growth
Relentless Focus on Profitable Growth + Grow user base + Drive accretive retention rates + Accelerate marketing + Emphasize shift to mobile / online + Increase offerings and personalization to drive frequency + Rollout 5** generation tech platform B
Slide 18: Strategic Flexibility for Continued Profitable Growth
Strategic Flexibility for Continued Profitable Growth Healthy Cash Balance $15mm+ ('22A) ad Cash Generation in Clean Balance Sheet 2023 No Current Debt n—_” Source Company mansgementand fing: Net:fre Cath Flow defined we Operating ach lew Capit Expense 14 Pro Forma Company expected to generate $15mm
Slide 19: Thank You!
Thank You!
Slide 20: Appendix
Appendix
Slide 21: Golden Matrix + Meridian Financial Highlights
Golden Matrix + Meridian Financial Highlights Expected strong growth in key markets and topline Established history of profitability Profitability 16
Slide 22: Pro Forma Combined Revenue Mix
Pro Forma Combined Revenue Mix other” Serbia Bosnia Tanzania
Slide 23: Detailed Transaction Overview and Illustrative S&U
Detailed Transaction Overview and Illustrative S&U Transaction Summary + Golden Matrix Group, Inc. (NASDAQ: GMGI) is planning to acquire Meridian for a purchase price of approximately $330mm subject to financing cash portion of acquisition consideration + The transaction will be funded via stock and
Slide 24: Operating with Licenses in Emerging Regulated Markets
Operating with Licenses in Emerging Regulated Markets Key Regulated Markets © —————— —— Other Regulated Markets oO Belgium Bosnia * Cyprus cia Kenya Q Montenegro »> (a) Mexico Peru Serbia ” ‘ Sf Tanzania Meridian and GMGI Operate with Licenses Across Regulated Markets } 5 GIVIG| meridian Malta 19
Slide 25: Valuation of Gaming Technology — Precedent Transactions
Acquiror Date Valuation of Gaming Technology — Precedent Transactions Key Highlights & Commentary amelco ‘Source Code Fanatics MRE + Other Operators Service Package “Ameico sa B2B gaming provider that sells'source-code only versions ofits online/retallsports betting solution The Company's source cod
Golden Matrix Group — Merger or Acquisition (September 2023) on 6ix