Betsson Ab Class B · OMXSTO:BETS_B
Betsson Ab Class B — Q3 2024 Earnings Presentation
15 slides from Betsson Ab Class B's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Presentation of interim report
Q3 2024 Presentation of interim report
Slide 2: Q3 2024 Key Figures
Q3 2024 KEY FIGURES EBIT REVENUE SPORTSBOOK SPORTSBOOK 65 MEUR REVENUE 280 TURNOVER +15% YoY +19% +8% MEUR EBIT MARGIN YoY YoY +18% YoY Margin 7.4% 23.0% CUSTOMER CASINO CASINO ACTIVE DEPOSITS TURNOVER REVENUE CUSTOMERS 1,483 +14% +22% 1.4M +10% YoY MEUR YoY YoY +20% YoY 2 All-Time High Level
Slide 3: Our Markets – Some Activities
OUR MARKETS – SOME ACTIVITIES EXISTING MARKETS NEW MARKETS B2B M&A Global: Sponsorship with Peru: Local Greece: New sponsorship with Crete FC Premier Padel, the leading licenses obtained professional padel tour and extended partnership with AEK Betsson BC
Slide 4: Investments
INVESTMENTS EXISTING MARKETS NEW MARKETS B2B M&A Global: Sponsorship with Premier Padel, the Acquisition of Sporting Solutions Increased ownership in Betsson France leading professional padel tour Greece: New sponsorship with Crete FC and extend partnership with AEK Betsson BC
Slide 5: Product & Technology Development
PRODUCT & TECHNOLOGY DEVELOPMENT Delivered 100% uptime Continued roll Development of new apps during matches in Euros out of new and Copa Bet Builder features New internal front-end framework developed and implementation started 5
Slide 6: Sustainability & ESG
SUSTAINABILITY & ESG Betsson's Global Gambling Guidance Group Betsson holds an AAA rating by Morgan (G4) certification was reaffirmed for the Stanley Capital International (MSCI) ESG 20th consecutive year, recognising its Ratings, which is the highest possible rating. adherence to the highest respon
Slide 7: Revenue and EBIT by Quarter
REVENUE AND EBIT BY QUARTER 400 25% 23,6% 23,3% 23,6% 23,0% 22,6% 23,0% 350 19,2% 19,4% 20% 300 18,1% 280 271 15,7% 252 248 250 237 238 13,9% 222 15% 221 13,2% 200 MEUR 200 186 170 158 10% 150 100 64 65 5% 55 56 57 58 50 38 40 43 24 29 21 0 0% Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1
Slide 8: Customer Activity and KPIs
CUSTOMER ACTIVITY AND KPIs Customer deposits (MEUR) Sportsbook revenue and margin 100 14,0% 1 600 +20% 90 Sportsbook revenue Sportsbook margin 13,0% 1 400 80 12,0% 1 200 68,3 70 11,0% 1 000 60 10,0% MEUR 50 800 9,0% 40 600 8,0% 30 7,4% 400 20 7,0% 10 6,0% 200 0 5,0% 0 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q
Slide 9: Revenue Development by Region YoY
REVENUE DEVELOPMENT BY REGION YOY +18% +51% RoW 2% Nordics 16% 18 1 78 6 19 MEUR 1 CEECA 42% 358 Latin America 25% 280 238 Western Europe 16% Q3 23 Nordics Western CEECA LatAm Rest of world Q3 24 FX and M&A Q3 24 revenue Europe reported effects organic revenue revenue 9
Slide 10: EBIT Development YoY
EBIT DEVELOPMENT YOY +15% EBIT EBIT Margin MEUR Q3 2024 Q3 2023 Margin 23.6% 23.0% Revenue 280 238 20 43 Gross profit 179 157 5 1 4 3 MEUR Gross profit 63.8% 65.9% margin 65 56 Opex 114 101 EBIT 65 56 Q3 -23 EBIT Revenue Cost of Marketing Personnel D&A Other Items, Q3-24 EBIT Services Sold Expenses
Slide 11: Cash Flow & Financial Position
CASH FLOW & FINANCIAL POSITION — Operating cash flow MEUR Q3 2024 Q3 2023 — Increased operating profit — Negative effect from working capital due increased Operating cash flow 62.5 44.9 customer withdrawals following exceptionally high balances related to Euros and Copa América in previous quarter.
Slide 12: Q4 2024 Trading Update
Q4 2024 TRADING UPDATE* Average daily revenue up to and including 20th October was 13.9% higher than the average daily revenue of the full quarter in Q4 Q4 2023. During the measurement period in Q4 2024, the sportsbook margin has been somewhat higher than the historical average. * This is not a reve
Slide 13: Highlights Q3 2024
HIGHLIGHTS Q3 2024 New all-time highs in revenue and EBIT 11th quarter in a row with sequentially growing EBIT Driven by high customer activity Strong growth in deposits and turnover Casino main driver of growth Sportsbook margin in line with historical average Sustained solid balance
Slide 14: Q&A
betsson ab Q&A
Slide 15: Financial Calendar and Contact
FINANCIAL CONTACT CALENDAR 6 February 2025 Roland Glasfors Q4 2024 and FY 2024 results VP Communications & Investor Relations 29 April 2025 Q1 2025 results +46 760 024 863 18 July 2025 Q2 2025 results ir@betssonab.com 24 October 2025 Q3 2025 results 5 February 2026 Q4 2025 and FY 2025 results