Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q1 2022 Earnings Presentation
30 slides from Gentoo Media's earnings presentation, May 10, 2022
Slide 1: Gaming Innovation Group Inc. Interim Report
Gaming Innovation Group Inc. Interim Report e 10 May 2022 GiG
Slide 2: GiG in brief
GiG in brief Global iGaming company with reach across high value areas of the B2B supply chain Dual-listed on Oslo Børs and at Nasdaq Stockholm Over 25 primary countries ~610 Employees targeted by Media assets €190m (approx.) Market Cap Offices in Malta, Denmark, 25 Global Platform Licenses +10 addi
Slide 3: End to end iGaming solutions based on innovative technology
End to end iGaming solutions based on innovative technology GiG focusing strategy on ambition to become global Tier 1 B2B provider. GiG’s strategy is centered on three customer focused business areas, which is key to be a relevant supplier, supported by its group ambition for top performance and ope
Slide 4: All time high quarterly revenues
Q1 2022 - Interim Report All time high quarterly revenues Revenues* (MEUR) EBITDA (MEUR) EBIT (MEUR) Revenues* EBITDA EBIT +27% Y/Y +32% Y/Y +53% Y/Y 34.2% margin 15.1% margin *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss s
Slide 5: GiG Strategy
We drive business via GiG Strategy three growth pillars ● Approach is towards Global Online Gambling market with a 1 Market strong focus on regulated markets expansion ● Diverse approach to high value and high earnings quality areas of B2B gambling industry ● Media business allows us agile and fast
Slide 6: GiG & Sportnco
GiG & Sportnco GiG
Slide 7: Sportnco acquired 1 April
Q1 2022 - Interim Report Sportnco acquired 1 April ● Sportnco, a high quality B2B supplier, operates proprietary Tier 1 Sportsbook and PAM in regulated markets worldwide ● Focus on completion and post merger integration to secure synergies and operational performance ● Aggressive move toward larger
Slide 8: The dependable Sportsbook partner
Q1 2022 - Interim Report The dependable Sportsbook partner ✓ Dedicated trading and risk Management 50,000+ Pre-match events per month ✓ Mobile and native, and hybrid apps responsive frontend design 25,000+ Real time live events per month ✓ Extensive 600+ knowledge and expertise on requirements for r
Slide 9: Driving Strategic & Operational Performance
Q1 2022 - Interim Report Driving Strategic & Operational Performance Platform Revenue Synergies & Cross selling ● Increased scale ● GiG anticipates large cross selling and revenue synergies due to ● Increased addressable market enhanced market access and broadened product offering ● Further diversif
Slide 10: Increasing market access in highly regulated growth jurisdictions
Q1 2022 - Interim Report Increasing market access in highly regulated growth jurisdictions ● Regulation creates barriers to entry for new market participants, favouring already established 35 players such as GiG and Sportnco ● Combined, certifications will almost double, enabling GiG to increase its
Slide 11: Large footprint existing and planned licences
Q1 2022 - Interim Report Large footprint existing and planned licences ● MGA ● Portugal ● Curaçao ● France ● UK ● Belgium ● Sweden ● Greece ● Latvia ● Pensylvania ● Romania ● Ontario ● New Jersey ● Serbia ● Iowa ● Lithuania ● Argentina CABA ● Netherlands ● Argentina SF ● Colombia ● Croatia ● Chile ●
Slide 12: YTD Platform agreements
Q1 2022 - Interim Report YTD Platform “ agreements Contract extensions and new contracts ● Betsson contracted extended through Q4 2025 securing future ” revenues ● Full Turnkey solution for UK Tier 1 Retail Casino ● SkyCity extends current contract until May 2025 ● Betway agreement taking PAM & Spor
Slide 13: Business update Media
Q1 2022 - Interim Report Business update Media
Slide 14: Media Services Q1-2022
Q1 2022 - Interim Report Media Services Revenue & EBITDA (MEUR) Revenue Media Services EBITDA Q1-2022 ● Media Services reached all-time quarterly highs in revenues, EBITDA and FTDs ● Q1-2022 revenues of €14.1m (10.0), up 40% Y/Y and 10% Q/Q - all organic growth ● EBITDA of €6.8m (4.6), up 49% Y/Y Me
Slide 15: Media Services FTDs
Q1 2022 - Interim Report Media Services - FTDs (1000) Split between publishing and paid Media Services 60.6 69.8 FTDs Publishing 46.8 46.7 Paid 43.8 ● First Time Depositors (FTD) ended at 69,800, a new ATH and a 60% increase YoY and 15% QoQ ● 95% of FTDs on full revenue share or hybrid deals, securi
Slide 16: Media Services Q1-2022: LatAm and North America
Q1 2022 - Interim Report Media Services Q1-2022 Media Services LatAm and North America Revenue (MEUR) ● Positive developments driven by both growth in current core markets as well as new markets ● Newer markets such as the Americas and Central and Eastern Europe are increasing their share of overall
Slide 17: Business update Platform
Q1 2022 - Interim Report Business update Platform 17
Slide 18: Platform Services Q1-2022
Q1 2022 - Interim Report Platform Services Platform Services Revenue & EBITDA (MEUR) Revenue Q1-2022 EBITDA ● Strong underlying business growth - excluding white-labels and premium fees related to B2C sales, revenues increased 20% YoY ● Revenues for Platform Services were €5.0m (5.2) in Q1 2022, a 4
Slide 19: Platform Services Integration pipeline
Q1 2022 - Interim Report New Client Project Completions Platform Services 2019 Integration pipeline 2020 • 2 new brands were launched in the quarter 2021 • 3 additional client projects completed in Q1 2022, all Q1-22 LTM dev complete pending clients’ decision to launch • 25 SaaS brands live on the p
Slide 20: Platform Services Market entries
Q1 2022 - Interim Report Platform Services Market entries Platform Services Live markets GiG ● GiG’s market certifications increased 55% Year over year Sportnco ● Sportnco adding 11 new markets, total of 25 as of today ● Highlights of planned new market entries next 12 months: ○ Ontario ○ Regulated
Slide 21: Events after the quarter & summary
Q1 2022 - Interim Report Events after the quarter & summary 21
Slide 22: Update after the quarter
Q1 2022 - Interim Report Update after the quarter ● Acquisition of Sportnco completed on 1 April & the teams teams working with force on Post Merger Integration plan ● Signed 3 contracts for Platform and Sportsbook ● Sales pipeline remains strong and builds momentum across both PAM and Sportsbook se
Slide 23: Summary
Q1 2022 - Interim Report Summary “ ● GiG delivers all-time-high revenues, with strong double digit growth in revenues, EBITDA and EBIT ● Media business performs exceptionally well reaching all-time highs both Positioned for multiple financially and in operational KPI’s while it continue to launch in
Slide 24: Thank you
Q1 2022 - Interim Report Thank you Any questions? 24
Slide 25: Appendix
Appendix
Slide 26: Largest shareholders: 30 April 2022
Q1 2022 - Interim Report Largest shareholders: 30 April 2022 GAMING INNOVATION GROUP INC. 1 13 487 500 11.0 % SkyCity Entertainment Group Limited 2 7 603 559 6.2 % Optimus Invest Limited 3 6 806 574 5.5 % Myrlid AS 4 4 896 125 4.0 % True Value Limited 5 4 875 829 4.0 % Nordea Livsförsäkring Sverige
Slide 27: Income Statement
Q1 2022 - Interim Report Income Statement EUR 1 000 (Unaudited) B2C & Sports included as discontinued operations Q1 2022 Q1 2021 2021 Revenues 19 054 15 019 66 343 Cost of sales 29 -10 868 Gross profit 19 025 15 029 65 47 Marketing expenses 3 779 2 297 11 208 Other operating expenses 8 739 7 807 32
Slide 28: Balance Sheet
Q1 2022 - Interim Report Balance Sheet EUR 1 000 (unaudited) B2C included as discontinued operations 31 Mar 2022 31 Mar 2021 31 Dec 2021 Assets Goodwill 16 302 16 285 16 325 Intangibles assets 31 720 32 884 31 732 Deposits and other non-current assets 12 533 15 594 13 481 Total non-current assets 60
Slide 29: Cash Flow
Q1 2022 - Interim Report Cash Flow In EUR 1 000 B2C included as discontinued operations Q1 2022 Q1 2021 2021 Cash flow from operating activities 3 814 -115 12 931 Cash flow from investing activities -2 915 -2 079 -9 228 Cash flow from financing activities 7 115 -3 862 -6 323 Translation (loss)/gain
Slide 30: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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