Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (February 2025)
22 slides from Pointsbet's investor presentation, Feb 26, 2025
Slide 1: H1 FY25 Results Presentation
H1 FY25 : RESULTS PRESENTATION | February 2025 N B C U N I V E R S A L M E D I A P A R T N E R S H I P & F Y 2 0 R E S U L T S P R E S E N T A T I O N │ A U G U S T 2 0 2 0
Slide 2: Important Notice and Disclaimer
H1 FY25 RESULTS PRESENTATION FEB 2025 IMPORTANT NOTICE AND DISCLAIMER This document and any oral presentation accompanying it has been Therefore, there can be no assurance that such forecasts, forward Disclosures in this document, the accompanying presentation or any prepared in good faith, however,
Slide 3: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 3
Slide 4: Scheme Implementation Deed with MIXI
H1 FY25 RESULTS PRESENTATION FEB 2025 SCHEME IMPLEMENTATION DEED WITH MIXI • PointsBet has entered into a Scheme Implementation Deed with MIXI, Inc. (“MIXI”) and MIXI Australia Pty Ltd (“MIXI Australia”) for the acquisition by MIXI Australia of 100% of the issued share capital of PointsBet by way of
Slide 5: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 5
Slide 6: Group Trading and Financial Metrics
H1 FY25 RESULTS PRESENTATION FEB 2025 H1 FY25 GROUP TRADING AND FINANCIAL METRICS All figures in A$ H1 FY25 H1 FY24 PCP SPORTS Strong H1 FY25 EBITDA4 result, Net Win1 $124.3m $118.6m +5% up $10m BETTING iGAMING Net Win1 $10.9m $9.5m +15% Record H1 Group Net Revenue2 of $124.4m, up 6% on the PCP
Slide 7: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 7
Slide 8: Australia H1 FY25 Trading and Financial Metrics
H1 FY25 RESULTS PRESENTATION FEB 2025 AUSTRALIA H1 FY25 TRADING AND FINANCIAL METRICS All figures in A$ H1 FY25 H1 FY24 PCP 235.1k Cash Active Clients7, up 8% vs Turnover / Handle1 $1,149.0m $1,468.5m (22%) PCP Gross 13.4% 10.9% +2.5pp Win2 Margin % Generosity efficiency improved from 30% of SPORT
Slide 9: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 9
Slide 10: Canada H1 FY25 Trading and Financial Metrics
H1 FY25 RESULTS PRESENTATION FEB 2025 CANADA H1 FY25 TRADING AND FINANCIAL METRICS All figures in A$1 H1 FY25 H1 FY24 PCP Turnover / Handle2 $166.7m $118.9m +40% Strong Turnover2 growth vs the PCP in both Sports Betting and iGaming Gross Win3 Margin % 7.0% 8.4% (1.4pp) SPORTS Gross Win3 $11.7m $10
Slide 11: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 11
Slide 12: Normalised Group Results Summary Continuing Operations
H1 FY25 RESULTS PRESENTATION FEB 2025 NORMALISED3 GROUP RESULTS SUMMARY CONTINUING OPERATIONS All amounts in A$m1 H1 FY25 H1 FY24 REVENUE2 Revenue 124.4 117.6 Revenue in H1 FY25 increased by 6% over the PCP. GROSS PROFIT Cost of sales (59.4) (59.1) Gross profit margin of 52.2%, up 2.5p.p on the PCP,
Slide 13: Balance Sheet: Statutory
H1 FY25 RESULTS PRESENTATION FEB 2025 BALANCE SHEET : STATUTORY A$m1 31 Dec 2024 30 Jun 2024 Cash and cash equivalents 2 32.5 42.2 CASH AND CASH EQUIVALENTS At 31 December 2024, the Company had $15.4 million3 in corporate cash. Right-of-use assets 2.0 2.0 Intangible assets 27.8 30.4 Other assets 7.4
Slide 14: Cash Flows: Statutory
H1 FY25 RESULTS PRESENTATION FEB 2025 CASH FLOWS : STATUTORY A$m1 H1 FY25 H1 FY24 Cash flows from operating activities Receipts from customers (inclusive of GST) 135.1 128.1 Payments to suppliers and employees (inclusive of GST) (138.1) (140.2) At 31 December 2024, the Group had $15.4 million of (3.
Slide 15: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 15
Slide 16: FY25 Guidance Update
H1 FY25 RESULTS PRESENTATION FEB 2025 GUIDANCE FY25 GUIDANCE UPDATE All figures in A$ FY25 • Strong growth in mass market segment continues to improve profile of revenue base REVENUE $260M – $270M • Revenue being earned at strong Net Win yields leading to Gross Profit efficiency • Revenue profile no
Slide 17: Agenda
H1 FY25 RESULTS PRESENTATION FEB 2025 AGENDA SCHEME AUSTRALIA CANADA GROUP IMPLEMENTATION GROUP BUSINESS BUSINESS BUSINESS FINANCIAL FY25 OUTLOOK APPENDIX DEED WITH MIXI, REVIEW INC. REVIEW REVIEW PERFORMANCE 17
Slide 18: Canada H1 FY25 Trading and Financial Metrics (C$)
H1 FY25 RESULTS PRESENTATION FEB 2025 CANADA H1 FY25 TRADING AND FINANCIAL METRICS (C$) All figures in C$ H1 FY25 H1 FY24 PCP Turnover / Handle1 $152.4m $105.0m +45% Gross Win2 Margin % 7.0% 8.4% (1.4pp) SPORTS Gross Win2 $10.7m $8.8m +21% BETTING Net Win3 Margin % 4.3% 5.3% (1.0pp) Net Win3 $6.6m $
Slide 19: Statutory Group Results Summary
H1 FY25 RESULTS PRESENTATION FEB 2025 STATUTORY GROUP RESULTS SUMMARY A$m1 H1 FY25 H1 FY243 Change (%) Australia Trading 106.2 101.7 4% Canada Trading 18.2 15.9 14% Corporate - - Statutory Revenue2 124.4 117.6 6% Australia Trading 10.7 2.3 Canada Trading (12.2) (11.8) Corporate (4.4) (4.1) Total Sta
Slide 20: Statutory P&L
H1 FY25 RESULTS PRESENTATION FEB 2025 STATUTORY P&L A$m1 H1 FY25 H1 FY24 Revenue2 124.4 117.6 Cost of sales (59.4) (59.1) Gross profit 65.0 58.5 Other income/ (costs) 0.2 (6.9) Sales and marketing expense (38.0) (42.4) Employee benefits expense (22.1) (21.5) Product and technology expense (6.3) (3.4
Slide 21: Statutory P&L Reconciliation
H1 FY25 RESULTS PRESENTATION FEB 2025 STATUTORY P&L RECONCILIATION A$m1 H1 FY25 3 Revenue 124.4 Cost of sales (59.4) Gross profit 65.0 Sales and marketing expense (38.0) Employee benefits expense (22.1) Product and technology expense (6.3) Administration and other expenses (4.5) Total operating expe
Slide 22: Reconciliation of Net Win to Revenue
H1 FY25 RESULTS PRESENTATION FEB 2025 RECONCILIATION OF NET WIN TO REVENUE A$m1 H1 FY25 Net Win (inclusive of Goods and Services Tax) 135.1 Deduction for Goods and Services Tax (10.6) Fair Value adjustments (0.1) Total Reported Revenue 124.4 1. Average AUD/CAD rate was 0.9132 for H1 FY25 and 0.8922
Pointsbet Holdings — Investor Presentation (February 2025) on 6ix