Kambi Group Plc Class B · OMXSTO:KAMBI
Kambi Group Plc Class B — Q2 2024 Earnings Presentation
16 slides from Kambi Group Plc Class B's earnings presentation, Jul 24, 2024
Slide 1: Kambi Group plc Q2 2024 Report
Kambi Group plc Q2 2024 Report 24 July 2024 1
Slide 2: Agenda
Agenda 1. Highlights 2. Financial summary 3. Commercial and strategic updates 4. Summary 5. Q&A 2 Kambi Group plc – Q2 2024 Report CEO Kristian Nylén, CFO David Kenyon
Slide 3: Highlights
Highlights − Growth in operator turnover and GGR boosted by successful Euro 2024 and Copa America − Signed Choctaw Nation of Oklahoma, one of the largest tribes in the US − Successful migration of LiveScore Bet in UK and Svenska Spel in Sweden prior to Euros − Werner Becher appointed Kambi Group CEO
Slide 4: Q2 2024 financial summary
Q2 2024 financial summary Revenue EBITA (acq) Net cash €45.7m €7.5m €52.7m Q2 2023: €42.9m Q2 2023: €5.0m Q2 2023: €57.1m 4 Kambi Group plc – Q2 2024 Report CEO Kristian Nylén, CFO David Kenyon
Slide 5: Operator trading analysis
Operator trading analysis Kambi operators' turnover and trading margin 1100 12.0% 1056 989 1000 11.0% 911 913 900 10.0% 851 789 800 758 757 9.0% 712 704 700 669 683 8.0% 656 640 602 600 560 573 7.0% 505 500 6.0% 412 398 387 400 5.0% 300 259 4.0% 200 3.0% Turnover Index Margin% 5 Kambi Group plc – Q2
Slide 6: Cash flow
Cash flow €m 60.0 55.0 50.0 45.0 40.0 Opening cash Operating profit Amortisation & depreciation Working capital & other Tax paid Shares repurchased Closing cash less development costs 6 Kambi Group plc – Q2 2024 Report CEO Kristian Nylén, CFO David Kenyon
Slide 7: Returning value to shareholders
Share buybacks Returning value to shareholders €3.3m €5.6m 4.4% 392,086 shares repurchased in 636,086 shares repurchased in of total shares held at 30 June 2024 Q2 2024 H1 2024 following buybacks Long-term capital allocation announced in May: to return capital to shareholders through share buybacks
Slide 8: Key commercial milestones
Key commercial milestones Signed Choctaw Launched in UK and Ireland Launched with Virgin Bet Nation of Oklahoma with LiveScore Bet in UK market Q2 Q3 so far Launched in Sweden under Tzeract signed and Launched with 711 Launched with Bally’s Svenka Spel’s Oddset brand launched with kwiff in Netherlan
Slide 9: Landmark signing with Choctaw Nation of Oklahoma
Landmark signing with Choctaw Nation of Oklahoma Exclusive nationwide deal with long-term potential − Long-term sportsbook partnership agreed with one of the largest tribes in the United States − Choctaw Nation owns casino resorts across southeastern Oklahoma − Scope of partnership includes expansio
Slide 10: Successful LiveScore UK and Svenska Spel migrations
Successful LiveScore UK and Svenska Spel migrations Both live as planned before the Euros − Both operators were launched by respective target dates, crucial with busy summer of sport − Svenska Spel’s Oddset migration to Kambi also saw its front end supplied by Kambi’s Shape Games − LiveScore Bet UK
Slide 11: Euros and Copa America: Improved product driving turnover
Euros and Copa America Improved product driving turnover Turnover Copa America final saw more than 1.3 million Bet Builder bets, with ` +14% approx. 690,000 unique combinations. +224% 51 (matches) 51 28 32 Euro2020* Euro 2020 Euro 2024 Euro 2024 Copa America Copa 2020*2021 CopaCopa America 20242024
Slide 12: Euros and Copa lead the way in 2024
Euros and Copa lead the way in 2024 Operator turnover per tournament NBA Finals Wimbledon French Open March Madness NFL playoffs & Super Bowl Copa America Euros Euro 2024 12 Kambi Group plc – Q2 2024 Report CEO Kristian Nylén, CFO David Kenyon
Slide 13: Werner Becher appointed Kambi Group CEO
Werner Becher appointed Kambi Group CEO Succeeding Kristian Nylén on 25 July − Selection made following thorough search process with large number of highly talented candidates − Werner brings industry experience in senior B2C and B2B roles at operator Interwetten and sports data supplier Sportradar
Slide 14: Summary
Summary Werner Becher The modular service Successful Euro 2024 appointed to lead portfolio provides and Copa America with Kambi into next phase foundation for leading product of growth future success 14 Kambi Group plc – Q2 2024 Report CEO Kristian Nylén, CFO David Kenyon
Slide 15: Q&A
Q&A kambi.com
Slide 16: Thank you
Thank you kambi.com 16