Slide 1: 2Q 2024 Earnings Review
2Q 2024 Earnings Review August 7, 2024
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited
Slide 3: Agenda
Agenda 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview
Slide 5: Overview
OVERVIEW Exceptional 2Q results with the highest ever Total Revenue and Adjusted EBITDA achieved in a quarter Significant progress made on realizing cost efficiencies, creating a leaner operating base Focus on core markets and optimization of geographical footprint Continued investment into efficien
Slide 6: 2Q24 Highlights
2Q24 HIGHLIGHTS 2Q24 Highlights: 2 • Highest ever ex-US Total Revenue for a quarter of €408m (9% YoY growth or 10% in cc ) • Record ex-US Adjusted EBITDA for a quarter of €98m (11% YoY growth and margin of 24%) • Ex-US Average Unique Monthly Active Customers of 4.5m (21% YoY growth) • Debt-free bala
Slide 7: US Update
US UPDATE Super Group’s Updated US Footprint: • Initiation of exit plan from US sportsbook • Maintenance of iGaming footprint, with planned operation of two brands from the Spin portfolio (including Jackpot City) in both New Jersey and Pennsylvania ◦ Ability to expand iGaming footprint for appropria
Slide 8: New Additions to Brand Partnership Portfolio
1 NEW ADDITIONS TO BRAND PARTNERSHIP PORTFOLIO • Continued investment into the global Betway brand through two new brand partnerships: ◦ Global Betting Partner of English Premier League Champions Manchester City ◦ New title sponsor for South Africa’s Premier Soccer League (PSL) — now known as the ‘B
Slide 9: Net Revenue by Geography: Continued Global Diversification
1 NET REVENUE BY GEOGRAPHY : CONTINUED GLOBAL DIVERSIFICATION Key Highlights: 2Q 2023 2Q 2024 • Americas ◦ Strong casino growth in Canada ◦ YoY growth for customers and deposits in Ontario 16% 8% 17% 17% • Africa ◦ Exceptional growth, across both sports and casino ◦ Operating a regulated footprint o
Slide 10: Net Revenue by Brand and Product: Underpinned by Strong Casino Offering
1 NET REVENUE BY BRAND AND PRODUCT : UNDERPINNED BY STRONG CASINO OFFERING 2Q 2023 2Q 2024 2Q 2023 2Q 2024 21% 26% 42% 41% 58% 59% 74% 79% Online Casino Online Sports Betting 10 Charts exclude US operations 1
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 12: Total Revenue (Ex-US)
1,2,3 TOTAL REVENUE (EX-US) 2024 Total Revenue Guidance: €1.550bn 2Q24 TOTAL REVENUE (EX-US) WAS €408M,+9% (+10% cc) YOY €1,406m Net Revenue increased +10% (+11% cc) to €400m €1,326m €1,296m • The highest ever Net Revenue achieved in a quarter 4 • Net Revenue YoY growth of 20% when adjusting for the
Slide 13: Adjusted EBITDA (Ex-US)
1 Adjusted EBITDA (EX-US) 2024 Adjusted EBITDA Guidance raised to: >€300m 2Q24 Adjusted EBITDA (EX-US) WAS €98M, +11% YOY Adjusted EBITDA Margin of 24% • The highest ever Adjusted EBITDA achieved in a quarter €302m Direct Expenses increased +7% to €146m: €70m €255m • Higher regulatory costs due to s
Slide 14: Appendix
APPENDIX uiSupergroup
Slide 15: Financial Results, Operating Basis (Ex-US)
1 FINANCIAL RESULTS, OPERATING BASIS (EX-US) EUR (Millions) 1Q ’24 2Q ’24 1Q ’23 2Q ’23 3Q ’23 4Q ’23 June YTD 24 June YTD 23 Net Revenue (Ex-US) 366 400 321 364 339 341 766 685 Sports Betting 73 83 82 95 65 53 156 178 Online Casino 293 317 239 269 274 289 610 507 Other Revenue 8 7 10 10 10 11 15 20
Slide 16: Net Revenue: Constant Currency Analysis
1 NET REVENUE: CONSTANT CURRENCY (‘CC’) ANALYSIS 2Q-24 June 24 YTD YoY % CHANGE YoY CC % CHANGE YoY % CHANGE YoY CC % CHANGE Net Revenue (Ex-US) 10% 11% 15% 11% Sports Betting (13)% (11)% (10)% (13)% Online Casino 18% 19% 23% 20% Other Revenue (27)% (27)% (26)% (25)% 2 Total Revenue (Ex-US) 9% 10% 1
Slide 17: Detailed Share Count
1 DETAILED SHARE COUNT Shares (millions) Shares Issued and Outstanding 501.5 Unvested Restricted stock units granted to employees 4.7 Fully Diluted Shares 506.2 17 1 As at June 30, 2024
Slide 18: investors@sghc.com
nil Supergroup investors@sghc.com