Meridian Holdings Inc. · NASDAQ:MRDN
Meridian — Golden Matrix Group — Q2 2024 Earnings Presentation
22 slides from Meridian's earnings presentation, Aug 13, 2024
Slide 1: Earnings Presentation August 13, 2024
EN MATRIX GRt Earnings Presentation August 13, 2024 meridianbet
Slide 2: Forward Looking Statements
d Lookin; Statements Certain statements made in this Presentation contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “strategy,” “expe
Slide 3: Forward Looking Statements and Non-GAAP Financial Measures
rward Looking Statements Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are de- scribed in the Companys publicly-filed reports, including, but not limited to, under the “Spe
Slide 4: Dedicated team has executed on all short-term objectives
We believe our dedicated team has executed on all our short-term objectives, delivering exceptional results across all business units. Our product diversity and effective cross-platform initiatives have been key to our operational success. We have maintained high performance through product diversit
Slide 5: Financial Highlights
Financial Highlights
Slide 6: Revenues
$39.4m $25m) Revenues =2ziern +75% “= Q2-23 Q2-24 Second quarter consolidated revenue grew 75% to $39.4 million, continuing the strong performance shown in the last quarter. _ Revenues +41% | Net Income $15,000 | YTD revenue grew by 41% to $64.3 million. This was impacted by non-cash items, as well
Slide 7: Gross Profit and AEBITDA
hoo $39.4m $35m $30m s2sm- $24.7 $20m $15m $10m $5m $0! Q2-24 H1-24 Second Quarter consolidated gross profits increased by 31.1% to $21.7 million and YTD gross profits also increased by 16.9% to $39.4 million. AEBIDTA $5.4m Recognising the non-cash items, one-off costs of completion and implementati
Slide 8: Financial Highlights - Balance Sheet
Financial Highlights - Balance Sheet aa ie. - = Z Shareholder \ Net Debt N i Equity | Leverage \ +52% 1.6 j A —/ Shareholders’ equity of the Company Ahealthy Net Debt Leverage ratio of grew 52.0% to $89.5 million compared to only 1.6 December 2023. Cash on Hand ($40m \ y Cash on hand, as at July 31
Slide 9: Divisional Performance
Div sional Performan: =) SK. conermnions R Kings Competitions UK & Northern Irelands #1 online competition destination A leading competition website that offers exciting prize draws and raffles, giving users the chance to win a variety of high-value items and experiences. Overview The Best of Both W
Slide 10: Key 2Q24 Highlights - RKings
Key 2Q24 Highlights + Rkings and its related company, GMG Assets posted yet another record second quarter with revenues of over $9.6 million of over 43% over last + Players now total 386k as of 30 Jun 2024, and over 53k + Acquisition costs remain at a low level of only $7.60 + Total active players n
Slide 11: Key 2Q24 Highlights - GM-AG
ISM Key 2Q24 Highlights + Focus on improving margins through successful new portfolios of games. + Diversified third-party content while promoting our Expanse games portfolio. + Strong performance from crash games, generating higher revenue and margins. + Second quarter wagering grew by 124% to $1.2
Slide 12: Key 2Q24 Highlights - MexPlay
Key 2Q24 Highlights + Monthly average of over 9,000 active players. + Second quarter deposits increased by 297% to $1.2 million. + Second quarter wagering grew by 100% to $9.3 million. + Gross gaming revenue grew by 154% to $422,000.* Gross Gaming Revenue (GGR) = represents the difference between th
Slide 13: Key 2Q24 Highlights - Meridianbet
meridianbet Key 2Q24 Highlights Revenue Growth + Q2 revenue increased by 11.4% compared to Q2 2023.* + Online segment up 14%, retail up 6%. + Total deposits at $59.2 million (+16% compared to Q2 2023). + New online registrations at 136,000 (+17% year-over-year growth). Online Casino Success + Online
Slide 14: Key 2Q24 Highlights - Meridianbet Retail and Casino
meridianbet Key 2Q24 Highlights Retail Sports Performance * Q2 2024 retail sports GGR margin dropped to 13% from 14.4% in Q2 2023. + June achieved a record 16% GGR margin. Online Casino GGR Margin + Online casino GGR margin slightly decreased to 3.07% from 3.52%. + A34% increase in amounts wagered a
Slide 15: New Jurisdictions
New Jurisdictions + Meridianbet, part of Golden Matrix Group since April, is expanding globally, now operating in 15 countries. + Pending federal licenses in Brazil, a market projected at approximately $20 billion with a potential player base of 106 million by 2025.* + New licenses in Peru, where th
Slide 16: Outlook
Outlook Investment in Tech and Al + Introduced an Al-powered Casino Game Recommender. » 3% increase in engagement with recommended games. © 9% boost in engagement with new games introduced by the Al. + Launched the new software platform "Atlas." + Final phase of a five-year journey to completely ove
Slide 17: Expanse Studios
Expanse Studios + Applied for a Casino Service Industry Enterprise license in New Jersey, positioning us to capitalize on significant potential opportunities in the U.S. + Launched "Super Heli," our first crash game, which has quickly become a standout in our portfolio. © Contributed to impressive g
Slide 18: Supporting Communities and Creating Impact
Supporting Communities and Creating Impact + Significant contributions through CSR initiatives in the first half of 2024. * On track to exceed last year's record of 225 CSR campaigns. + Key initiatives include: ° "Scan. Help.” campaign using QR codes to raise funds for essential equipment in materni
Slide 19: Robust balance sheet positioned to capture opportunities
Robust Balance sheet, which we believe is well positioned to cap- ture opportunities and to maintain significant growth Plans to scale the company via acquisitions and by expanding our global footprint. Expect to deploy capital to maximise value to shareholders Plans to continue to streamline and tr
Slide 20: Golden Matrix Group
GOLDEN MATRIX GROUP meridianbet
Slide 21: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted Earnings excluding Interest Expense, Interest Income, Tax, Depreciation Expense, Amortization Expense, Stock-based Compensation Expense, and Restructuring Costs. 7 Three Months Period Ended ‘Six Three Months Period Ended tu 2 30-Jun-23 30-Jun-24 30-Jun-23 | N
Slide 22: Appendix - Net Debt and Leverage
Appendix - Net Debt and Leverage Reconciliation of Net Debt and Leverage Calculation Debt Less: cash and cash equivalents Net debt Divided by: annualized adjusted EBITDA Net debt leverage ratio $68,451,100 $32,829,744 $35,621,356 $21,712,648 1.6