Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (April 2023)
23 slides from Pointsbet's investor presentation, Apr 28, 2023
Slide 1: Q3 FY23 Quarterly Activities Report
28 April 2023 The Manager, Listings Australian Securities Exchange ASX Market Announcements Exchange Centre 20 Bridge Street Sydney NSW 2000 Dear Sir / Madam Q3 FY23 Quarterly Activities Report In accordance with ASX Listing Rule 4.7B, pleased find enclosed PointsBet Holdings Limited’s Appendix 4C a
Slide 2: Status Of Discussions Regarding Potential Strategic Transactions
Status Of Discussions Regarding Potential Strategic Transactions Consistent with commentary previously provided to our investors and the market more generally, PointsBet continues to engage in discussions regarding strategic transactions that offer the potential to add value for our shareholders. Th
Slide 3: Q3 FY23 Quarterly Activities Report - Investor Presentation April 2023
Q3 FY23 QUARTERLY ACTIVITIES REPORT Investor Presentation April 2023 N B C U N I V E R S A L M E D I A P A R T N E R S H I P & F Y 2 0 R E S U L T S P R E S E N T A T I O N │ A U G U S T 2 0 2 0 1
Slide 4: Important Notice and Disclaimer
Q3 FY23 QUARTERLY IMPORTANT NOTICE AND DISCLAIMER This document and any oral presentation accompanying it has been Therefore, there can be no assurance that such forecasts, forward Disclosures in this document, the accompanying presentation or any prepared in good faith, however, no express or impli
Slide 5: Agenda
Q3 FY23 QUARTERLY AGENDA Group Trading Review North American Business Review Australian Business Review Summary of Quarterly Cashflows Status of Discussions Regarding Potential Strategic Transactions 3
Slide 6: Q3 FY23 Group Trading Metrics
Q3 FY23 QUARTERLY Q3 FY23 GROUP TRADING METRICS All figures in A$ Q3 FY22 Q3 FY23 PCP QoQ Turnover / Handle $1398.0m $1449.9m +4% (30%) Gross Win Margin % 8.9% 9.0% +0.1pp +1.6pp SPORTS BETTING Gross Win $124.9m $130.3m +4% (14%) Net Win Margin % 5.1% 6.3% +1.2pp +2.0pp Net Win $71.4m $91.2m +28% +3
Slide 7: Group Key Highlights, FY23 Financial Outlook and Cost Review
Q3 FY23 QUARTERLY Q3 FY23 GROUP KEY HIGHLIGHTS • Group revenue up 39% on the PCP, anchored by United States delivering 103% Net Win growth • Rolling 12-month Group Net Win to 31 March 2023 is $374.6m • 555,125 Global Cash Active Clients2 for the 12 months to 31 March 2023 • iGaming represents 28% of
Slide 8: North America Trading Metrics
Q3 FY23 QUARTERLY NORTH AMERICA TRADING METRICS US1 Q3 FY23 CANADA1 Q3 FY23 All figures in A$ Q3FY22 Q3 FY23 PCP QoQ All figures in A$ Q3 FY23 QoQ Turnover / Handle $818.6m $819.2m +0% (22%) Turnover / Handle $50.9m (37%) Gross Win Margin % 5.6% 6.8% +1.2pp +1.6pp SPORTS Gross Win Margin % 7.8% +3.5
Slide 9: North America Highlights
Q3 FY23 QUARTERLY NORTH AMERICA HIGHLIGHTS Q3 REVENUE GROWTH TARGETED OHIO LAUNCH MARKETING AND EXPANDS TAM PROMOTIONS • Consol. Net Win +128% vs PCP • Marketing (12%) lower vs PCP1 • Ohio launch January 1st • Casino Net Win +181% vs PCP • Promotions (28%) lower vs PCP • Live in 14 US states • Sport
Slide 10: Growing Revenue While Simultaneously Reducing Expenses
Q3 FY23 QUARTERLY GROWING REVENUE WHILE SIMULTANEOUSLY REDUCING EXPENSES NORTH AMERICA’S BUSINESS MODEL IMPROVED vs PCP +128% -12% -28% 8
Slide 11: More Efficient Monetization of Clients
Q3 FY23 QUARTERLY MORE EFFICIENT MONETIZATION OF CLIENTS NORTH AMERICA OSB ARPU +79% vs PCP +79% 9
Slide 12: Market-Leading MLB Product Offering via OddsFactory
Q3 FY23 QUARTERLY MARKET-LEADING MLB PRODUCT OFFERING VIA ODDSFACTORY EXPANDED MENU FOR THE 2023 SEASON COMPARED TO 2022 NEW SAME GAME PARLAY CASH OUT NEW NEW SAME GAME MLB Trading Margin LIGHTNING PARLAY IN-PLAY BETS NEW IN-PLAY NEW CASH OUT MARKETS ALL MARKETS PLAYER PROPS PRE-GAME IN-PLAY MARKETS
Slide 13: Highlights: Australia Q3 FY23
Q3 FY23 QUARTERLY HIGHLIGHTS: AUSTRALIA Q3 FY23 • Turnover growth in sport offset by softness in racing (in line with All figures in A$ Q3 FY22 Q3 FY23 PCP QoQ market) Turnover / Handle $579.4m $579.8m +0% (38%) • Shift towards sports turnover impacts overall Gross Win Margin trends vs PCP Gross Win
Slide 14: Summary of Quarterly Cash Flows
Q3 FY23 QUARTERLY SUMMARY OF QUARTERLY CASH FLOWS COMMENTARY All amounts in A$m1 Q3FY23 Q2FY23 • At 31 March 2023, the group had $251.7 million of Corporate Cash Receipts from customers (inclusive of GST) 108.9 105.8 Cost of sales (55.5) (61.3) • Total cash receipts from customers were $108.9 millio
Slide 15: Status of Discussions Regarding Potential Strategic Transactions
Q3 FY23 QUARTERLY STATUS OF DISCUSSIONS REGARDING POTENTIAL STRATEGIC TRANSACTIONS • Consistent with commentary previously provided to our investors and the market more generally, PointsBet continues to engage in discussions regarding strategic transactions that offer the potential to add value for
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix 1
Slide 18: Related Party Transactions as per ASX Listing Rule 4.7C.3
Q3 FY23 QUARTERLY RELATED PARTY TRANSACTIONS AS PER ASX LISTING RULE 4.7C.3 - $1.5m • Payments of $0.8m for Salaries and Wages (inclusive of Superannuation and applicable taxes withheld) of Key Management Personnel and of Executive Directors and Non-Executive Directors Fees. • Payments of $0.62m to
Slide 19: Appendix 4C Quarterly cash flow report
Rule 4.7B Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity PointsBet Holdings Limited ABN Quarter ended (“current quarter”) 68 621 179 351 31 March 2023 Consolidated statement of cash flows Current quarter Year to date (9 $A’000 months) $A’000 1. Cash f
Slide 20: Consolidated statement of cash flows
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date (9 $A’000 months) $A’000 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) businesses (net of cash acquired) -
Slide 21: Consolidated statement of cash flows
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date (9 $A’000 months) $A’000 3.9 Other (provide details if material) Principal (1,403) (3,735) repayment of Lease Liability 3.10 Net cash from / (used in) fi
Slide 22: Appendix 4C Financing facilities
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 7. Financing facilities Total facility Amount drawn at Note: the term “facility’ includes all forms of financing amount at quarter quarter end arrangements available to the entity. end $A’000 Add notes as necessary for
Slide 23: Appendix 4C Compliance statement
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. 2
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