Raketech Group Holding Plc · OMXSTO:RAKE
Raketech — Q2 2022 Earnings Presentation
17 slides from Raketech's earnings presentation, August 2022
Slide 1: Q2 2022 Report Presentation
RAKETECH Q2 2022 Report Presentation
Slide 2: Q2 2022 Agenda
Q2 2022 01. Highlights 02. Financials Q2 2022 03. Key takeaways 04. Q&A Oskar Mühlbach Måns Svalborn Chief Executive Officer Chief Financial Officer
Slide 3: Q2 Financial highlights
3 Q2 Financial highlights SOLID PERFORMANCE DESPITE LOW SEASON AND TOUGH COMPARISON NUMBERS 11.3m 4.0m • 29% growth REVENUE Adj. EBITDA • Q2 weakest season of the year Y +28.6% Y +16.6% • High growth investment phase Q -11.1% Q -22.2% • 3.4% organic growth excluding Network and Rapidi Several extrao
Slide 4: Q2 Operational highlights
4 Q2 Operational highlights OUR WELL DIVERSIFIED BUSINESS MODEL IS PROVING ITS STRENGTH WHILE AFFILIATIONCLOUD IS OFF TO A FLYING START 31% 53% SPORTS NON-NORDIC 163% annual growth Up from 39% last year • Slow US season • Network and Finland stabilized Strong Swedish performance 2% 12% • • Affiliati
Slide 5: Expected drivers during H2, high season
5 Expected drivers during H2, high season - Important factors expected to affect H2 Sports boost Organic growth Increased EBITDA ADVERTISERS PUBLISHERS US sports season, Sept-Jan Full year with 2021 acquisitions Baselevel cost stable FIFA World Cup in November Strong organic momentum from Acquisitio
Slide 6: Diversified and well positioned for growth
6 Diversified and well positioned for growth Affiliation marketing Sub-affiliation Betting tips and advice Performance marketing and lead generation Saas and managed solutions for administration, data Consumer services, tailored sports data insights, provided for operators via Raketech owned assets.
Slide 7: Financials Q2 2022
RAKETECH Financials Q2 2022
Slide 8: Revenue development
8 Revenue development Revenue streams • Affiliation marketing strong despite tough comparatives and Affiliation Cloud launched slower season EUR million • Sweden and Norway growing organically despite tough last 14.0 year comparatives (EURO 2020) 12.0 2% • Regulatory headwinds in Finland but stabili
Slide 9: Revenue diversification
9 Revenue diversification Geographic diversification Vertical split Revenues Revenues EUR 12.7m EUR 12.7m Revenues 1% Revenues EUR 11.3m EUR 11.3m • Lower sport revenues in the US • The Nordics essentially in line as expected. 33% with previous quarters despite 34% • Network increase sport as Revenu
Slide 10: NDC development
10 NDC development Q2 2021 vs. Q2 2022 Q1 2022 vs. Q2 2022 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,000 0 0 Q2 2021 Q2 2022 Q1 2022 Q2 2022 • Network with lower activity compared to last year as • Network with somewhat lower activity primarily as an efforts were shifted away
Slide 11: EBITDA build up – seasonality effects
11 EBITDA build up – seasonality effects Network lower activity, equally affecting direct costs with higher Affiliation Cloud degree of variable costs Aff. Marketing Adj. EBITDA Network margin 40.1% Betting tips & Subscriptions 3,956 Adj. EBITDA margin 35.0% Seasonality effects for the US focused sp
Slide 12: EBITDA to Net Profit - Non-cash items
12 EBITDA to Net Profit - Non-cash items Non-cash affecting items 1,249 RCF extended to September 2023
Slide 13: Cash flow bridge Q1 2022 vs. Q2 2022
13 Cash flow bridge Q1 2022 vs. Q2 2022 CasinoFeber earnout (EUR 0.9m in Q2) ends in Feb 2023. 3,264 2,703 Strong operational Capitalised cost for cash flow with high development of cash conversion of 98% Affiliation Cloud
Slide 14: Key takeaways
14 ”A stable quarter despite poor Key takeaways market sentiment, low season and tough comparisons” Financials Outlook and way forward • Revenues of EUR 11.3m • 29% revenue growth YoY • July revenues EUR 3.9m • Organic growth -4% YoY • Reiterated 2022 guidance • Adj. EBITDA of EUR 4.0m (+16.6% YoY)
Slide 15: Q&A
RAKETECH Q&A 15
Slide 16: www.raketech.com
www.raketech.com
Slide 17: Thank you!
RAKETECH Thank you!
Raketech Group Holding — Q2 2022 Earnings Presentation on 6ix