Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q1 2023 Earnings Presentation
20 slides from Super Group (sghc)'s earnings presentation, May 24, 2023
Slide 1: 1Q 2023 Earnings Review
1Q 2023 Earnings Review May 24, 2023
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 US FOOTPRINT 03 FINANCIAL HIGHLIGHTS 04 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview
Slide 5: 1Q23 Overview: Goals and Financial Results
1Q23 OVERVIEW: GOALS AND FINANCIAL RESULTS Strategic Objectives: Optimization of Global Effective Management Continued Profitability Investment for Growth Footprint of Capital Structure 1Q23 Financial Results: €332m €51m 3.5m Business Ex-US Average Monthly Active €246m Total Revenue1 Operational EBI
Slide 6: Net Revenue by Geography: Continued Global Diversification
NET REVENUE BY GEOGRAPHY1: CONTINUED GLOBAL DIVERSIFICATION 1Q 2022 1Q 2023 10% 20% 16% 17% 20% 27% 40% 50% Europe Africa Americas RoW 6 1Charts exclude the US operations
Slide 7: Net Revenue by Brand: Underpinned by Strong Casino Offering
NET REVENUE BY BRAND1: UNDERPINNED BY STRONG CASINO OFFERING 1Q 2022 1Q 2023 44% 47% 53% 56% 7 1Charts exclude the US operations
Slide 8: US Footprint
US FOOTPRINT DGC Acquisition
Slide 9: The Acquisition of DGC Provides Access to the US Market
THE ACQUISITION OF DGC PROVIDES ACCESS TO THE US MARKET Operating on the Betway Global Technology 8 13 Betway Brand live in state Planned to go live in 2Q23 with Betway Global technology MA Market access secured IA PA OH NJ IN CO VA KS MO • Acquisition closed on January 1, 2023 • US presents an attr
Slide 10: US Short Term Expansion Objectives
US SHORT TERM EXPANSION OBJECTIVES1 1 Roll out the Betway Global Technology in existing states and continue to refine the product available to US customers 2 Focus on existing markets, to ensure concentration of efforts and optimize returns on investment Leverage global branding and minimise targete
Slide 11: Super Group's Longer-Term Outlook for the US
SUPER GROUP’S LONGER-TERM OUTLOOK FOR THE US1 Strategy and Operations • Increase in overall footprint with a focus on multi-product states Investment Thesis • Continue to measure and evaluate unit economics per-state, particularly post-rollout of the Betway Global Technology Super Group has a proven
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 13: Total Revenue (Ex-US)
TOTAL REVENUE (EX-US)1,2 Total Revenue Guidance for 2023: €1.350bn (Ex-US) 1Q23 TOTAL REVENUE WAS €332M, ↓ 1% YOY €1,326m €1,296m Net Revenue increased by €6m (+2%) to €321m • Poor hold in February, offset by strong March (monthly records achieved €340m €330m for hold, customers and Net Revenue) €1,
Slide 14: Operational EBITDA (Ex-US)
OPERATIONAL EBITDA (EX-US)1,2 Operational EBITDA Guidance for 2023: €220m (Ex-US) 1Q23 OPERATIONAL EBITDA (EX-US) WAS €51M, ↓ 19% YOY €302m Direct Expenses increased by €7m (+6%) to €122m: €70m • Higher regulatory fees and currency impact driven by shift of business and country mix €214m €208m G&A c
Slide 15: Investment Summary
INVESTMENT SUMMARY 20+ years management team Mix of growth and profitability Global reach and scale Cash generative and debt free with solid balance sheet Online Only Data driven & customer centric Control of best-in-class technology 15
Slide 16: Appendix
APPENDIX
Slide 17: Financial Results (Operating Basis) Ex-US
FINANCIAL RESULTS (OPERATING BASIS) EX-US1 EUR (Millions) 1Q ’23 1Q ‘22 2Q ‘22 3Q ‘22 4Q ’22 2022 Net Revenue (Ex-US) 321 315 316 302 322 1,255 Sports Betting 119 110 111 105 113 439 Online Casino 202 205 205 197 209 816 Other Revenue 10 20 7 7 7 41 Total Revenue2 (Ex-US) 332 335 323 308 330 1,296 D
Slide 18: Reconciliation to Financial Statements in Form 6-K – EBITDA
RECONCILIATION TO FINANCIAL STATEMENTS IN FORM 6-K – EBITDA1 (In Millions) 1Q ’23 Operational EBITDA (Ex-US) 51 Operational EBITDA (US) (17) Consolidated Operational EBITDA €35 Unrealized Foreign Exchange (3) Non-Recurring and Non-Operational Adjustments (1) Adj. 6-K EBITDA €31 Adjusted RSU Expense
Slide 19: Detailed Share Count
DETAILED SHARE COUNT Total Capitalization Shares (millions) Shares Issued and Outstanding 498.3 Additional Securities Unvested Restricted stock units granted to employees 5.2 Total Additional Securities 5.2 Fully Diluted Shares 503.5 19
Slide 20: investors@sghc.com
nil Supergroup investors@sghc.com