Northstar Gaming Holdings Inc · TSXV:BET
Northstar Gaming — Investor Presentation (March 2024)
18 slides from Northstar Gaming's investor presentation, March 2024
Slide 1: NorthStar Bets – March 2024
NORTHSTAR * BETS SPORTS : CASINO = LIVE March 2024 oOF-Io
Slide 2: Disclaimer – Cautionary Statement
DISCLAIMER Cautionary Statement The information contained in this presentation has been prepared by NorthStar Gaming Holdings Inc. (“NorthStar” or the “Company”) and contains confidential information pertaining to the business and operations of the Company. The information contained in this presenta
Slide 3: Disclaimer – Non-IFRS Financial Measures
DISCLAIMER Non-IFRS Financial Measures This presentation includes references to the Company’s “Gross Gaming Revenue” and “Total Wagers”, measures not prescribed by International Financial Reporting Standards (“IFRS”). Management uses certain non-IFRS financial measures and supplementary financial me
Slide 4: Spearheading the Intersection of iGaming and Media
SPEARHEADING THE INTERSECTION OF iGAMING AND MEDIA TSXV: BET OTCQB:NSBBF 4
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS ~C$8.5B Canadian TAM exposed to NorthStar brand, with Ontario’s 01 regulated market launched in April 2022 and branch launch of NorthStarBets.com in November 2023* 02 Industry leading 3rd party gaming content 03 Cornerstone investment by Playtech PLC 04 Experienced management t
Slide 6: Canada Is a Potential C$8.5B Online Gaming Market
CANADA IS A POTENTIAL C$8.5B ONLINE GAMING MARKET Regulated Ontario Market ~C$660M Q323, On Track to Reach C$2.6B for FY24* Projected Canada and Ontario Online Sports Betting and iGaming** Market Size (2026E) (C$ billions) C$8.5B C$3.3B Total Market Total Market C$5.7B C$2.2B C$2.8B C$1.1B Online Sp
Slide 7: NorthStar Management Team
NORTHSTAR MANAGEMENT TEAM Michael Moskowitz Chin Dhushenthen Corey Goodman CEO & Chairman Interim CFO CDO and General Counsel • Brings 25+ years in the electronics industry • Chin has held numerous executive • Corey has held a variety of senior and was previously the Chairman and positions across a
Slide 8: Board of Directors
BOARD OF DIRECTORS Barry Shafran, CPA Brian Cooper Chris McGinnis, CPA, CFA Sylvia Prentice Lead Director, Audit Chair Director Director Director • Barry was the founder and CEO of • Brian founded S&E Sponsorship group, • Chris is currently the CFO of Playtech PLC • Sylvia is currently the President
Slide 9: NorthStar Gaming Engine
NORTHSTAR GAMING ENGINE Proprietary Technology Stack, Combines Joint Ventures With Leading Global Players In Playtech And Kambi The NorthStar MOBILE DESKTOP you see iGAMING & MANAGED SERVICE PLATFORM SPORTSBETTING PLATFORM The BETTING LINES / GAMING CONTENT NorthStar you don’t see DIGITAL MARKETING
Slide 10: Differentiated Product and Business Model
DIFFERENTIATED PRODUCT AND BUSINESS MODEL By 2024 the Canadian market is estimated to reach C$6.7B in GGR1 FY24E Market Share NorthStar Brand is Well Positioned to Compete in Ontario and Beyond 20% NorthStar Competitive Advantage: • FY2024E market share for niche operators ~C$1.3B3 • NorthStar well
Slide 11: Competitive Payback Ratio
COMPETITIVE PAYBACK RATIO Attractive payback ratio on acquired 190% lower 340% lower players 10.6 Months 7.0 Months 2.4 Months 1 2 2 Competitor #1 Competitor #2 1. NorthStar Since Inception CAC per player/ monthly average GGR * /player. *Represents a Non-IFRS financial measure. See “Non-IFRS Financi
Slide 12: NorthStar Sports Insights
NORTHSTAR SPORTS INSIGHTS Why Content? Consumers of NorthStar’s in-house sports content translate to higher player values when compared to NorthStar average Mike Cormack Chris Toman Staff Writers: customer:1 Head of Content Managing Editor Jordan Horrobin • Mike has two decades of • Chris has a weal
Slide 13: NorthStar Customer Journey
NORTHSTAR CUSTOMER JOURNEY TSXV: BET OTCQB:NSBBF 13
Slide 14: NorthStar's Key Performance Indicators
NORTHSTAR’S KEY PERFORMANCE INDICATORS* Q4 Continued NorthStar’s Strong Growth Total Wagers C$ Millions1 Total Deposits C$ Millions $17.6 $18.3 $213.3 $16.7 $160.1 $139.5 $138.0 $112.3 $6.5 $57.6 $14.8 $1.8 0 0 2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2022 2023 Total GGR C$ Millions1 $7.6 $5.5 $5.5 $4.4 $4.
Slide 15: Rest of Canada Expansion
Rest of Canada Expansion (“RoC”) Provides a Clear Catalyst for Growth • Total addressable Canadian market, excluding Ontario estimated at ~ C$5.2B1 at maturity ROC 13% • Head start on future provincial regulation. Build database and brand in advance of regulation • Operational benefits of expansion:
Slide 16: NorthStar Licensing
NORTHSTAR LICENSING ENTITY REGULATOR AVAILABILITY Canadian entity with a Canadian Customers located in Ontario physical presence .CA Alcohol and Gaming Commission of Ontario ENTITY REGULATOR AVAILABILITY NorthStar is a managed services Customers located in Canada provider to northstarbets.com, an ex
Slide 17: Key Milestones
KEY MILESTONES COMPLETE COMPLETE COMPLETE December 2022 May 2023 November 2023* FY2024 Goals Final Phase Strategic Slapshot Media Acquisition Launched “.com” in Rest Of Margin Expansion Investment Canada NorthStar acquired Slapshot Media Inc. • Continue to scale revenues through market Playtech plc,
Slide 18: Capitalization
CAPITALIZATION Rivett & Related ($ millions, except per share amounts) C$ Other Entities Shareholders 18.6% 28.4% Spot Share Price $0.06 193.3 million shares Basic Shares Outstanding 193.3 outstanding Bitove & Torstar RSU's 12.1 18.6% Entities.4 Options1 12.5 Directors & Senior 6.9% Officers Warrant
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