Gambling.com Group Limited · NASDAQ:GAMB
Gambling.com — Q3 2022 Earnings Presentation
19 slides from Gambling.com's earnings presentation, Nov 17, 2022
Slide 1: Third Quarter 2022 Financial Results Call
Third Quarter 2022 Financial Results Call November 17, 2022 CONFIDENTIAL & PRIVATE
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement 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.
Slide 3: Agenda
Q3 Quarter Highlights Q3 Financial Results YTD Financial Results 2022 Outlook Appendix AGENDA 3CONFIDENTIAL & PRIVATE 4 - 7 8 9 10 11 - 19
Slide 4: Third Quarter Highlights
Third Quarter Highlights 4 • Total revenue grew 94% to $19.6 million • Adjusted EBITDA(1) of $6.4 million • Adjusted EBITDA Margin(1) of 33% • Free Cash Flow (1) of $4.9 million • New Depositing Customers increased 152% to more than 68,000 compared to 27,000 in Q3 2021 (1) Represents a non-IFRS fina
Slide 5: Drivers of Strong Third Quarter Results
5 Drivers of Strong Third Quarter Results • North American revenue grew 299% to $9.1 million • Successful new market launch in Kansas on September 1st • UK and Ireland revenue increased 58% year over year to an all-time quarterly record despite currency headwinds • Contribution from the acquisitions
Slide 6: Diversified Portfolio of Premium Digital Media Assets
6 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: Expected 2023: U.S Market Update and Outlook
7 Expected 2023: U.S Market Update and Outlook OH OSB market will launch on January 1st, 2023 MD OSB market launch date: Q4/2022 KS OSB market launched on September 1st Launched: MA OSB market launch date TBD Imminent:
Slide 8: Q3 2022 Financial Results
8 Q3 2022 Financial Results(1) (1) This table contains non-IFRS financial measures. See ”Safe Harbor Statement - Non-IFRS Financial Measures” and the tables at the end of this presentation under “Appendix: Financial Tables” for reconciliations to the comparable IFRS numbers. NM = not meaningful Q3 2
Slide 9: First Nine Months 2022 Financial Results
9 First Nine Months 2022 Financial Results(1) (1) This table contains non-IFRS financial measures. See ”Safe Harbor Statement - Non-IFRS Financial Measures” and the tables at the end of this presentation under “Appendix: Financial Tables” for reconciliations to the comparable IFRS numbers. (NM = not
Slide 10: FY 2022 Outlook
10 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) $71.0 $73.5 $7
Slide 11: Appendix: Financial Tables
11CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 12: Condensed Consolidated Statements of Comprehensive Income (Loss)
12 Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenue 19,649 10,123 55,158 32,032 Cost of sales (605) — (2,330) — Gross profit 19,044 10
Slide 13: Condensed Consolidated Statements of Financial Position
13 Condensed Consolidated Statements of Financial Position (USD in thousands) SEPTEMBER 30, 2022 (unaudited) DECEMBER 31, 2021 ASSETS Non-current assets Property and equipment 647 569 Right-of-use assets 1,725 1,465 Intangible assets 78,595 25,419 Deferred compensation cost 38 — Deferred tax asset 5
Slide 14: Condensed Consolidated Statements of Cash Flows
14 Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Cash flow from operating activities Income before tax 2,601 2,694 7,639 10,853 Finance income, net (2,445) (293) (5,457) (84) Adjustm
Slide 15: Earnings Per Share
15 Earnings Per Share Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands USD, except for share and per share data, unaudited) (in thousands USD, except for share and per share data, unaudited) Net income for the period attributable to the shareholders
Slide 16: Adjusted Operating Expense and Adjusted Operating Profit Reconciliation
16 Adjusted Operating Expense and Adjusted Operating Profit Reconciliation Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands USD, unaudited) (in thousands USD, unaudited) Revenue 19,649 10,123 55,158 32,032 Less Cost of sales (605) — — (2,330) — Less
Slide 17: Adjusted Net Income and Adjusted Net Income Per Share Reconciliation
17 Adjusted Net Income and Adjusted Net Income Per Share Reconciliation Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 (in thousands USD, except for share and per share data, unaudited) (in thousands USD, except for share and per share data, unaudited) Net incom
Slide 18: EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation
18 EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin Reconciliation n/m = not meaningful 1. The acquisition costs are related to the business combinations of the Group. Three Months Ended September 30, CHANGE Nine Months Ended September 30, CHANGE 2022 2021 $ % 2022 2021 $ % (in thousands USD, unau
Slide 19: Free Cash Flow Reconciliation
19 Free Cash Flow Reconciliation (1) Capital expenditures are defined as the acquisition of property and equipment and the acquisition of intangible assets. Three Months Ended September 30, CHANGE Nine Months Ended September 30, CHANGE 2022 2021 $ % 2022 2021 $ % (in thousands USD, unaudited) (in th