Slide 1: Investor Presentation August 2022
Investor Presentation August 2022
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward- looking statements include, without limitation, statements regarding the estimated future financial performance, financia
Slide 3: Disclaimer (cont'd)
Disclaimer (cont’d) Use of Projections This presentation contains financial forecasts. RSI’s independent auditors have not studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, they have not e
Slide 4: Company Highlights
Company Highlights Financial Highlights Business Highlights Grew revenue sequentially and up 17% Y-o-Y to a Launched our online casino and sportsbook in Mexico 1 record $143.7MM in 2Q22 1 with our partner Grupo Multimedios Launched our online casino and sportsbook in Ontario, 2 Tightened FY22 revenu
Slide 5: The State of Play
The State of Play Markets Online Casino Online Sports Betting Retail Sports Betting Domestic: Market Market Opportunities Opportunities Arizona ◆ ◆ Market access partner of choice Colorado ◆ Connecticut ◆ ◆ Illinois ◆ ◆ ◆ Demonstrated record of success Indiana ◆ ◆ ◆ obtaining market access, with Iow
Slide 6: Growing Latin American Presence
Growing Latin American Presence Colombia Mexico • Launched RushBet OSB in June 2018, followed by • Launched online sportsbook and casino end of iCasino in May 2019 June 2022, with our partner Grupo Multimedios • Access to population of over 50 million • Access to population of over 130 million • Gen
Slide 7: Proprietary Platform and Differentiation
Proprietary Platform and Differentiation RSI’s proprietary platform has allowed it to establish a market leading position via its speed to market and differentiated user experience Online Platform Quick Deposits & Withdrawals RSI has developed a sophisticated customer facing platform Our self-develo
Slide 8: Online Casino Differentiation
Online Casino Differentiation Frequently first to market with new content and offer one of the largest game Breadth & Depth of Content libraries in the industry Premium Games Live Dealers, progressive jackpots & exclusive content Bonusing Engine Real-time algorithmic bonusing improves retention Comm
Slide 9: Exclusive Differentiated Retention Tools
Exclusive Differentiated Retention Tools CUSTOMER ACQUISITION IS IMPORTANT FOR GROWTH BUT RETENTION IS KEY TO PROFITABILITY Our exclusive and internally-developed seasonal promo games keep our customers excited, engaged and entertained. At King Cash’s Summer Carnival, players earn individual tickets
Slide 10: Online Sportsbook Differentiation
Online Sportsbook Differentiation Streaming Games Single Game Parlay Betting Trends & Tips Live Data Visualizations 10
Slide 11: Online Sportsbook Differentiation
Online Sportsbook Differentiation Live Scoreboards & Clocks Sportsbook Search Engine Stats Integration 11
Slide 12: Online Casino: Well-Rounded Demographics and Strong Economics
Online Casino: Well-Rounded Demographics and Strong Economics1 Demographics Better Monetization Well Positioned Online casino customers skew more towards The average online sports Online casino has generated more female and are typically older than online betting and casino revenue than online sport
Slide 13: Returns Driven Marketing
Returns Driven Marketing Media Talent & Ambassadors Partnerships RSI has expanded its footprint using national personalities, Formed across platforms to create marketing synergies, local experts and notable handicappers to deliver concise activations, and maximize value betting content and give cust
Slide 14: BetRivers Network – Media Production
BetRivers Network – Media Production RSI’s in-house media outlet produces custom audio and visual content for bettors BetRivers Network Creating custom betting content, including sports news, trending odds and tips, and local team/player insights Personalities such as Mike Francesca, Dan O’Toole and
Slide 15: Efficient Promotional Programs
Efficient Promotional Programs 1Q22 US Promotional Credits as a % of Gross Revenue 55.5% 29.7% Largest 4 Competitors1 TTM US Promotional Credits as a % of Gross Revenue 43.1% 24.9% Largest 4 Competitors1 15 1. Source: Estimates based on state reported data, publicly available data, analyst reports a
Slide 16: Strong Player Value & Retention
Strong Player Value & Retention Increasing player value over time – Over $6k per player for older cohorts1 Strong retention and new markets expected to drive continued revenue growth Avg LTV for All US & Ontario Cohorts Since Quarterly Net Revenue by Yearly Cohort ($MM) 2 Inception1 Launches $7,000
Slide 17: Responsible Gaming Innovation & Accolades
Responsible Gaming Innovation & Accolades WE BELIEVE GAMBLING IS A FORM OF ENTERTAINMENT THAT SHOULDN'T NEGATIVELY IMPACT A PLAYER'S LIFE. To protect those who are vulnerable to gambling problems and others affected by their behavior, we have policies and guidelines that deal with issues such as und
Slide 18: Customer Feedback & App Ratings
Customer Feedback & App Ratings 18
Slide 19: Strong US & Canadian Growth
Strong US & Canadian Growth RSI has consistently grown its user base while simultaneously growing revenue per user Average Revenue Per Monthly Active User (“ARPMAU”) MAUs grew 35% in 2Q22 over 2Q211 $325 ARPMAU of $325 during 2Q22 with sequential $265 improvement due to existing market maturation RS
Slide 20: Financial Overview
RUSH N T E R A C T Financial Overview ) DY Ou tee fi Ey te ur tl AY 1s
Slide 21: Recent Performance
Recent Performance RSI has generated record levels of revenue for 13 consecutive quarters Total revenue grew sequentially from 1Q22 to 2Q22 Tightened FY22 revenue guidance to $600MM - $630MM RSI Consolidated Revenue, 2Q19 – 2Q22 Revenue (amount in USD millions) Growth Rate CAGR (2Q19 to 2Q22) 143.7
Slide 22: Statements of Operations
Statements of Operations Three Months Ended Six Months Ended Amounts in USD $000's (except for shares and per share data) June 30, June 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue 143,736 122,800 278,674 234,620 Operating costs and expenses Costs of revenue 104,88
Slide 23: Statements of Comprehensive Loss
Statements of Comprehensive Loss Amounts in USD $000's Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss $ (28,346) $ (13,954) $ (80,616) $ (14,030) Other comprehensive loss Foreign currency translation adjustment (1,92
Slide 24: Appendix
RUSH N T E R A C T Appendix —2_ RUSHBEGGH BETRIVERS ) DY Ou tee fi Ey te ur tl AY 1s
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted Operating Costs and Expenses, Adjusted Net Loss, Adjusted Net Loss Per Share and Adjusted Weighted Average Common Shares Outstanding, each of which is defined below: Adjust
Slide 26: Non-GAAP Measures: Adjusted EBITDA
Non-GAAP Measures: Adjusted EBITDA Amounts in USD $000's Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss $ (28,346) $ (13,954) $ (80,616) $ (14,030) (+) Interest expense, net 223 17 445 30 (+) Income tax expense 2,335
Slide 27: Non-GAAP Measures: Adjusted Operating Costs and Expenses
Non-GAAP Measures: Adjusted Operating Costs and Expenses Amounts in USD $000's Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) GAAP operating costs and expenses: Costs of revenue $ 104,882 $ 84,760 $ 204,740 $ 164,447 Advertis
Slide 28: Non-GAAP measures: Adjusted Net Loss; Adjusted Weighted Average Shares
Non-GAAP measures: Adjusted Net Loss; Adjusted Weighted Average Common Shares Outstanding; Adjusted Net Loss Per Share Amounts in USD $000's ( except for shares and per share data) Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Adjusted net loss: Net loss attributable to R
Slide 29: Capitalization
Capitalization Fully Diluted Class Type of Outstanding Equity as of June 30, 2022 A Common Stock Class V Common Stock 156,373,584 Class A Common Stock 64,056,803 Total Outstanding 220,430,387 29
Slide 30: Key Metrics and Other Information
Key Metrics and Other Information This presentation includes certain key metrics and other information, including Average Revenue Per Monthly Active User, First Time Depositor, Gross Gaming Revenue, Lifetime Value and Monthly Active Users, each of which is defined below. Average Revenue Per Monthly