Slide 1: Interim Report January-September 2023
Interim Report January-September 2023 26 October 2023 CEO, Martin Carlesund CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • +100 New games 2023 • Strong world-wide demand for Evolution online casino • Focus on recruitment and expansion in studios • Second studio live in LATAM • 3-4 additional studios 2023/2024
Slide 3: Highlights in the quarter
Highlights in the quarter Third quarter of 2023 (Q3 2022) January-Sept 2023 (3Q 2022) • Operating revenues +19.6% to 452.6 • Operating revenues +26.1% MEUR (378.5) to 1,323.3 MEUR (1,049.3) • Live growth +24.3% to 385.8 MEUR (310.4) • Live growth +31.0% to 1,117.7 MEUR (853.4) • RNG growth -1.9% to
Slide 4: Increase in staff
Increase in staff Headcount end of period YoY growth 20 000 12% 17 447 17 823 18 000 17 026 17 331 15 917 16 000 15 297 14 341 14 000 13 410 12 289 12 000 11 311 10 226 10 000 9 506 8 240 8 000 7 395 6 764 6 000 4 000 2 000 0 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3
Slide 5: Activity in the network
Activity in the network YoY growth Game Rounds index – All games +36% 300 275 277 254 250 232 203 200 176 153 150 135 115 120 110 100 100 50 0 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 5
Slide 6: ~ TLOPTOR
~ TLOPTOR
Slide 7: Geographic breakdown
Geographic breakdown Revenue per Region Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Group, EUR million 2022 2022 2023 2023 2023 Europe 159.2 170.0 173.7 175.2 175.1 Asia 127.8 136.2 154.0 164.5 172.1 North America 50.2 56.2 57.3 55.5 54.7 LatAm 24.8 26.9 30.0 31.3 34.4 Other 16.5 18.2 14.6 14.6 16.3 Tot
Slide 8: Financial development
Financial development 69,9% 70,3% 69,9% 70,7% 70,4% 68,9% 69,3% 69,0% 68,6% 67,9% 68,0% 64,8% 65,1% 452,6 63,2% 441,1 429,6 407,5 378,5 55,7% 344,0 326,8 318,6 311,7 300,2 300,2 279,5 Revenue 276,0 256,7 261,0 238,2 EBITDA 235,8 229,7 EUR 206,9 EBITDA, % million 192,9 177,7 174,7 160,1 140,0 128,3 1
Slide 9: Live Casino development
Live Casino development Revenue increase per quarter – Live Casino 31,9 27,0 25,2 23,8 24,5 23,0 19,8 20,0 QoQ increase 14,0 14,0 Avg inrease 13,2 11,3 11,7 11,7 10,9 9,1 9,0 9,2 6,4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 9
Slide 10: Financial development
Financial development 69,9% 70,3% 69,9% 70,7% 70,4% 68,9% 69,3% 69,0% 68,6% 67,9% 68,0% 64,8% 65,1% 452,6 63,2% 441,1 429,6 407,5 378,5 55,7% 344,0 326,8 318,6 311,7 300,2 300,2 279,5 Revenue 276,0 256,7 261,0 238,2 EBITDA 235,8 229,7 EUR 206,9 EBITDA, % million 192,9 177,7 174,7 160,1 140,0 128,3 1
Slide 11: P/L detail
P/L detail Jul-Sep Jul-Sep Jan-Sep Jan-Sep Oct 2022- Jan-Dec Group, EUR thousands 2023 2022 2023 2022 Sep 2023 2022 Revenues - Live 385,813 310,392 1,117,717 853,361 1,452,664 1,188,308 Revenues - RNG 66,829 68,140 205,574 195,896 278,107 268,429 Total operating revenues 452,642 378,532 1,323,291 1,
Slide 12: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 300 90% 30 9% 30/9/ 31/12/ (EUR m) 2023 2022 80% 8% 250 Total non-current assets 3,174.4 3,260.0 25 7% 70% Current assets 687.5 576.8 20 6% 200 60% Cash and cash equivalents 813.3 532.6 5% 50%
Slide 13: Outlook for 2023
Outlook for 2023 Very exciting 2024 Roadmap Continued expansion Continue to take market-shares and to increase gap to our competitors 13
Slide 14: Q&A
Q&A ir@evolution.com