Evoke Plc · LSE:EVOK
Evoke — FY2023 Earnings Presentation
13 slides from Evoke's earnings presentation, Mar 26, 2024
Slide 1: FY 2023 Results Presentation
888 FY 2023 RESULTS DRE S ENTATION 26 MARCH 2024 HOLDINGS
Slide 2: A New Chapter
A NEW CHAPTER ad HOLDINGS Building on key fundamental strengths with a clear Value Creation Plan to deliver high return on equity from sustainable profitable growth This is a business that has all the key ingredients for success... > World class brands. Iconic, globally recognised brands across both
Slide 3: A Series of Decisive Actions Already Taken
A SERIES OF DECISIVE ACTIONS ALREADY TAKEN ad HOLDINGS In my first 100 days | have injected a sense of urgency, and we are moving at pace to position the company for success > New executive team Reset the operating model including £30m cost optimisation program Strategic review of the US B2C busines
Slide 4: A New Corporate Identity
A NEW CORPORATE IDENTITY te}? Proposed name change to evoke to reflect the exciting journey aheadas =?" one company e Proposed change of group name to evoke plc, subject to shareholder approval at upcoming AGM e Going by the name of our consumer brands does not accurately reflect the combined compan
Slide 5: A New Strategy for Success
A NEW STRATEGY FOR SUCCESS ad Clear vision of what does success look like and the strategy to get there “ren Make life more interesting Improve colleague Achieve medium-term Increase player days Promote positive play satisfaction financial targets Defining success To delight players with world-class
Slide 6: Introduction to the VCP
INTRODUCTION TO THE VCP teh) We have a strong platform for growth and will focus on driving significant ‘°™™ incremental value creation through consistent execution Illustrative and conceptual Accelerate organic and non- organic profitable growth by Sls - Step change value creation capitalising on f
Slide 7: Delivering High Return on Equity
DELIVERING HIGH RETURN ON EQUITY aa} HOLDINGS Focus on driving execution to ensure operational excellence and deliver value creation Improve profitability and efficiency [J Deleverage through disciplined Drive profitable and sustainable revenue growth through operating leverage capital allocation e
Slide 8: FY 2023 Financial Results - Pro Forma
FY 2023 FINANCIAL RESULTS - PRO FORMA tee Regulatory headwinds and shift in marketing approach resulting in revenue "°°" -8%, but strong synergy delivery means Adjusted EBITDA -1% e UK Online: changing mix of the business towards lower- UK&l 1193.5 1,236.3 spending customers, and the short-term reve
Slide 9: Financial Focus Areas
FINANCIAL FOCUS AREAS th}? Delivering strong return on equity through sustainable profitable growth “ren enhanced by deleveraging Cultural shift Optimal resource allocation Operating leverage e Restructured finance team and e Ensure we only spend where we e Operating leverage not a given, ways of wo
Slide 10: Medium-Term Financial Targets
MEDIUM-TERM FINANCIAL TARGETS tee Bold medium-term targets to deliver high return on equity from sustainable "°°" profitable growth Drive profitable and sustainable revenue growth through operating leverage capital allocation 5-9% per year c.100bps per year <3.5x revenue growth EBITDA margin expansi
Slide 11: Q&A
=0. DINGS Q&A PRESENTERS
Slide 12: Disclaimer
DISCLAIMER tee HOLDINGS Forward looking statements © This presentation may contain certain forwarc-looking statements, beliefs or opinions, with respect to the financial condition, results of operations and business of the Company. These statements, which contain the words ‘anticipate’, ‘believe’, ‘
Slide 13: 888 Holdings
HOLDINGS corporate.888.com
888 Holdings (evoke plc) — FY2023 Earnings Presentation on 6ix