Slide 1: First Quarter 2022 Financial Results Call
First Quarter 2022 Financial Results Call May 31, 2022 CONFIDENTIAL & PRIVATE Exhibit 99.2
Slide 2: Forward-looking statements
This presentation and the accompanying oral presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Liti
Slide 3: Agenda
First Quarter Highlights 4 Q1 Financial Results 8 2022 Outlook 9 Appendix 10 - 15 AGENDA CONFIDENTIAL & PRIVATE
Slide 4: First Quarter Highlights
First Quarter Highlights Revenue of $19.6 million increased 70%, versus best quarter to date in Q1 2021 Adjusted EBITDA(1) of $7.2 million Adjusted EBITDA (1) margin of 37% Delivered 67,000 new depositing customers in the first quarter compared to 35,000 in the prior year (1) Represents a non-IFRS f
Slide 5: First Quarter Highlights
First Quarter Highlights North American revenue grew 544% to $10.6 million compared to $1.7 million for the prior year Successfully entered New York and Louisiana Strong start to the recently announced McClatchy media partnership BonusFinder.com delivered a very strong first quarter of NDCs and is t
Slide 6: Diversified Portfolio of Premium Digital Media Assets
O T S U.S. State Specific International Brands Strategic U.S. Media Assets and Partnerships National U.S. Sites Diversified Portfolio of Premium Digital Media Assets
Slide 7: Market Update and Outlook
Imminent launches currently unconfirmed: Market Update and Outlook Q1 launches: NY OSB market launched January 8th LA OSB market launched January 28th AR OSB market launched on March 4th Ontario OSB and OC market launched on April 4th OH OSB market is expected to launch before the end of 2022. MD OS
Slide 8: Q1 2022 Financial Results
Q1 2022 Q1 2021 Change Revenue (millions) $19.6 $11.5 +70% Operating Expense (millions) $13.5 $6.2 NM(2) Operating Profit (millions) $4.3 $5.2 (17%) Net Income (millions) $4.5 $4.5 NM(2) Net Income per Diluted Share $0.12 $0.14 (15%) Adjusted EBITDA (millions) $7.2 $7.1 +1% Adjusted EBITDA margin (%
Slide 9: FY 2022 Outlook
FY 2022 Outlook (1) For 2022, revenue is expected to be in the range of $71 - $76 million, which implies growth of 68-80%. For 2022, Adjusted EBITDA is expected to be in the range of $22 - $27 million, which implies growth of 20-47%. Low Midpoint High FY 2021 Revenue (millions) $71 $73.5 $76 $42.3 A
Slide 10: Appendix: Financial Tables
CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 11: Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands)
Slide 12: Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (Unaudited) (USD in thousands)
Slide 13: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands)
Slide 14: Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation n/m = not meaningful Net finance (income) costs is comprised of gains/losses on financial liability at fair value through profit or loss, finance income, and finance expense.
Slide 15: Free Cash Flow Reconciliation; Earnings Per Share
Free Cash Flow Reconciliation Earnings Per Share n/m = not meaningful