Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q4 2022 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, Mar 24, 2023
Slide 1: Q4 2022 Results
Exhibit 99.2 =~ motorsport GAMES Q4 2022 Results March 24, 2023 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2022 Form 10-K-filed with the SEC and Q4 2022 earnings release for more complete information on the Company's
Slide 2: Slide 2
Slide 3: Company Highlights
Company Highlights a ) At the center of large, fast-growing motorsport, gaming and esports categories a ) Strategic, long-term partnerships with iconic racing brands == motorsport 23 cames _ Leveraging exclusive partnerships for multiple products and revenue streams a ) Pole position in virtual raci
Slide 4: Q4 2022 Highlights
Q4 2022 Highlights Financial Highlights tle Revenue NetLoss Adjusted EBITDA EPS* Q4 2022 Revenues of $3.8M $3.8M_ $8.2M S48M S7.0M S(3.5M) ($5.4M) ($4.17) (86.16) Q4 2022 Net loss was $4.8M — —_ _ — _ 04 2022 Adjusted EBITDA loss was $3.5M* 422 0421 aaa gaat = ge22 gaat 422 aI Key Highlights + Relea
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives Released rFactor 2 quarterly content update on November 7, 2022 ‘and rFactor 2 and optimizing it for Unreal Engine Games Released NASCAR Rivals for Nintendo Switch on October 14, 2022 RIVALS] iGNiTION Released 2022 Season Expansion Update for NASCAR 21: lgitian
Slide 6: 2022 Highlights
04 2022 Highlights rFactor 2 Quarterly Content Update Released. In November 2022, the Company released updates to rFactor 2 that brought new cars and tracks to the rFactor platform marking the first time the Thruxton, Croft and Bahrain circuits have been laser-scanned into a commercial SIM racing pr
Slide 7: Q4 2022 Results
Q4 2022 Results MOTORSPORT GAMES INC. AND SUBSIDIARIES ‘CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) “Three Months Ended December 31 ‘Year Ended December 31, 0H mi 2022 20 Revenues SA “S anawS “ST iosass “SF _1sors 530 CCostof evens 1487498 4391,908 4960317, 78291188 Gross profit 2283
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Three Months Ended Year Ended December 31, December 31, 2022 2021 2022 2021 Net Loss S$ 4,849,023) $ (6,999,749) “S$ 6,840,454) $ (33,704,745) Interest expense, net 509,993, 192,408 1,148,204 504,156 Depreciation and Amortization 486,549 367,840 2,062,55
Slide 9: Liquidity
Liquidity As of December 31, 2022 and March 22, 2023, the Company had approximately $1 million and $6.5 million, respectively, of available cash on hand. The Company's Form 10-K for the year ended December 31, 2022 discloses there is substantial doubt about the Company's ability to continue as a goi
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio sea IGNITION) = ee ‘MANS === motorsport 230 Games P
Slide 11: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Metasport Games In. ("Motorsport Games,” “us “our” “we" or the "Company. Fr addtonal Information regarding the Cems, we urge YoU to read our repos fed with the Secures and Exchange Commision (the "SEC" nue our Aaa Rear on Fer 1: the ical ear e
Slide 12: Legal Disclosures
LEGAL DISCLOSURES FORWARD-LOOKING STATEMENTS CONT} Examples ofsuch rand uncer irude but arent lites te: ices, days orless han expects rests achieving the Company’ ert are ohechves ard expectations, suchas ue {oazener thinartconted economic recovery andthe Companys intl, wise orm par to contrue fo es