Bragg Gaming Group Inc. · TSX:BRAG
Bragg Gaming — Q3 2024 Earnings Presentation
17 slides from Bragg Gaming's earnings presentation, November 2024
Slide 1: Third Quarter 2024 Results Presentation
Third Quarter 2024 Results Presentation November 2024 NASDAQ: BRAG | TSX: BRAG
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") which are based upon Bragg Gaming Group Inc.'s (the "Bragg") current internal expectations, estimates, projections, assumptions an
Slide 3: Table of Contents
Table of Contents • Strategic Alternatives Update • Operational Highlights 3Q24 • Financials • Commentary on Strategy & Operations • Outlook & Summary 3
Slide 4: Strategic Alternatives Process Concluded
Strategic Alternatives Process Concluded An update from the Special Committee • In March 2024, the Company announced the formation of a Special Committee, comprised solely of independent members of the Board, to conduct a review of strategic alternatives for maximising shareholder value • The Commit
Slide 5: Operational Highlights
Operational Highlights Key developments in the third quarter of 2024 Strategic & United States Content CEO Commentary Key Launches in the Third Quarter Operational Rollout Distribution Record Revenue Growth in the Third Quarter 6th Bragg PAM & turnkey customer live in the Netherlands 16% topline gro
Slide 6: Financials
Financials 6
Slide 7: Third Quarter 2024 Financial Results
Third Quarter 2024 Financial Results 3Q24 Financial Highlights Revenue (EUR,m) • 3Q24 revenue increased 15.9% to EUR 26.2m compared to the same period last year 26.2 • Gross profit increased by 18.1% year over year to EUR 14.0m, with margins increasing 24.9 from 52.5% to 53.5% 24.7 23.7 23.8 • Adjus
Slide 8: Third Quarter 2024 Product Mix
Third Quarter 2024 Product Mix 3Q24 Gross Profit Margins Product Mix Continues to Evolve +16% Revenue • Gross profit increased 18.1% year over year to EUR 3Q23 v 3Q24 14.0m with gross profit margin increasing 99 bps to 53.5% 23.7m 22.9m 24.7m 22.6m 23.4m 23.8m 24.9m 26.2m • In 3Q24, PAM & Turnkey re
Slide 9: Working Capital and Balance Sheet
Working Capital and Balance Sheet Balance Sheet and Net Working Capital Cash Flow and Financial Resources As at As at Nine Months Ended September 30, September 30, December 31, EUR 000 2024 2023 EUR 000 2024 2023 Operating activities 8,421 6,194 Cash and cash equivalents 11,569 8,796 Investing activ
Slide 10: Commentary on Strategy & Operations
Commentary on Strategy & Operations 10
Slide 11: Shaping Up for Success
Shaping Up for Success Adding to our strong foundations with efficient, meaningful change for the long term • Strengthened executive leadership team already showing impressive momentum, especially in the U.S. • Building robust pipeline of opportunities including for PAM, proprietary content, content
Slide 12: Top-tier Solutions for iGaming Operators
Top-tier Solutions for iGaming Operators ü Bragg offers Tier 1 solutions in regulated markets ü Operational in 30+ jurisdictions ü Modular content and technology solutions ü Independent data warehouse ü Proprietary RGS1 and game development expertise ü Multi award-winning FUZE™ player engagement ü M
Slide 13: New Bragg RGS Content Distribution in North America
New Bragg RGS Content Distribution in North America Live or launching in six jurisdictions with all the main players; West Virginia launch next year Bragg New Content & RGS Rollout MICHIGAN NEW JERSEY PENNSYLVANIA CONNECTICUT DELAWARE WEST VIRGINIA ONTARIO 3Q23 3Q24 2Q24 3Q23 N/A 2Q25 2Q23 4Q22 4Q23
Slide 14: Outlook & Summary
Outlook & Summary 1 Strong growth in the third quarter with revenues up 16% YoY to EUR 26.2m (USD 29.3m) 2 Gross Profit in 3Q24 increased significantly 18% YoY to EUR 14.0m (USD 15.7m) for a margin of 53.5% 3 Adjusted EBITDA in 3Q24 rose 7% YoY to EUR 4.1m (USD 4.6m) for a margin of 16.0% 4 Tracking
Slide 15: Appendix
Appendix @ BRAGG
Slide 16: Third Quarter 2024 Adjusted EBITDA Reconciliation
Third Quarter 2024 Adjusted EBITDA Reconciliation Reconciliation of Operating Income (Loss) to Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, EUR 000 2024 2023 2024 2023 Operating income (loss) (406) (2,137) (2,889) (346) (1) Depreciation and amortization 4,330 3,34
Slide 17: Thank you
Thank you @ BRAGG