Raketech Group Holding Plc · OMXSTO:RAKE
Raketech — Q3 2022 Earnings Presentation
18 slides from Raketech's earnings presentation, November 2022
Slide 1: Q3 2022 Report Presentation
RAKETECH Q3 2022 Report Presentation
Slide 2: Q3 2022 Agenda
Q3 2022 01. Highlights 02. Financials Q3 2022 03. Key takeaways 04. Q&A Oskar Mühlbach Måns Svalborn Chief Executive Officer Chief Financial Officer
Slide 3: Q3 Financial highlights
3 Q3 Financial highlights CONTINUOUS MOMENTUM AND STRONG FINNISH • 35% growth • • 14.2% organic growth EBITDA margin at 37.1% 13.0m 4.8m REVENUE EBITDA • Activity end of quarter picked up as expected Y +34.9% Y +17.3% • Solid contribution from Sub-affiliation Q +14.9% Q +27.0% • US ok, but most of s
Slide 4: Q3 Operational highlights
4 Q3 Operational highlights Affiliation marketing Sub-affiliation Betting tips and advice Performance marketing and lead generation Saas and managed solutions for administration, data Consumer services, tailored sports data insights, provided for operators via Raketech owned assets. analytics, repor
Slide 5: Expected drivers during H2, high season
5 Expected drivers during H2, high season - Important factors expected to affect H2 Sports boost Organic growth Increased EBITDA ADVERTISERS PUBLISHERS US sports season, Sept-Feb Full year with 2021 acquisitions Baselevel cost stable FIFA World Cup in November Strong organic momentum, Acquisition sy
Slide 6: Organic growth drivers 2023 and onwards
6 Organic growth drivers 2023 and onwards FLAGSHIPS US AFFILIATION AFFILIATION CLOUD Popular, established brands with excellent commercial Our well established, popular and large assets in the US A unique proprietary platform and marketplace for track record and critical size and good margins. have
Slide 7: Financials Q3 2022
RAKETECH Financials Q3 2022
Slide 8: Q3 performance overview
8 Q3 performance overview Revenue streams Product overview EUR million Q3 2022 % of total Growth Q Growth YoY Expected quarterly revenues vs. Q EBITDA % interval * 14.0 Affiliation marketing 67% +6% +18% 60-80% 12.0 +24% +200% Sub-affiliation 23% +42% +39% 10-20% -50% +42% Betting tips & 10% +24% +1
Slide 9: Geographic diversification
Geographic diversification Geographic diversification EUR million • Nordics seeing expected seasonality effect and improved performance as 14.0 well as added revenues from AffiliationCloud • Sweden growing Q vs. Q 12.0 +15% • Finland still stable Q vs. Q +233% +140% 0% -22% -46% 10.0 0% • Rest of Wo
Slide 10: Vertical diversification
10 Vertical diversification Vertical split EUR million 14.0 Sport revenues at 25% of total revenues, +100% from last year • An increase of +100% from last year through 2021 acquisition of US 12.0 focused sport assets -9% • A decrease of 9% Q vs. Q, positively affected by the start of the US sport 73
Slide 11: NDC development
11 NDC development Q3 2021 vs. Q3 2022 Q2 2022 vs. Q3 2022 50,000 50,000 40,000 40,000 30,000 30,000 20,000 20,000 10,000 10,000 0 0 Q3 2021 Q3 2022 Q2 2022 Q3 2022 • Active strategy to focus on brands that generate high • Growth as an effect of improved performance and value leads seasonality for a
Slide 12: EBITDA build up
12 EBITDA build up All other costs stable showcasing scalability in our high margin products Betting tips & Subscr. Aff. Marketing 4,816 Adj. EBITDA Sub-affiliation margin 37.1% Adj. EBITDA Increase of direct costs margin related primarily to growth 35.0% in sub-affiliation being a lower margin prod
Slide 13: EBITDA to Net Profit - Non-cash items
13 EBITDA to Net Profit - Non-cash items Non-cash affecting items 2,166
Slide 14: Cash flow bridge Q2 vs. Q3 2022
14 Cash flow bridge Q2 vs. Q3 2022 CasinoFeber earnout ends in Feb 2023. 6,056 Capitalised cost for development of 3,264 Affiliation Cloud Strong operational cash flow with cash conversion of 89% somewhat impacted by timing effects for trade receivables
Slide 15: Key takeaways
15 Key takeaways ”Yet another stable quarter, in which our diversified strategy continues to pay off” Financials Outlook and way forward • Revenues of EUR 13.0m • 35% revenue growth YoY • September revenues EUR 5.0m • Organic growth 14.2% YoY • Reiterated 2022 guidance on revenue • EBITDA of EUR 4.8
Slide 16: Q&A
RAKETECH Q&A 16
Slide 17: www.raketech.com
www.raketech.com
Slide 18: Thank you!
RAKETECH Thank you!
Raketech Group Holding — Q3 2022 Earnings Presentation on 6ix