Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q4 2024 Earnings Presentation
21 slides from Super Group (sghc)'s earnings presentation, Feb 25, 2025
Slide 1: 4Q 2024 Earnings Review
4Q 2024 Earnings Review February 25, 2025
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited
Slide 3: Agenda
Agenda 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 GUIDANCE 04 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview
Slide 5: Overview
OVERVIEW Surpassed 2024 ex-US guidance to set new, full-year records for Total Revenue and Adjusted EBITDA Strongest ever quarter, setting all-time highs for Total Revenue and Adjusted EBITDA New highs in October for the US, surpassed in both November and December Announced a special dividend of 15.
Slide 6: 4Q-24 Highlights
4Q-24 HIGHLIGHTS 4Q-24 Highlights: • Highest ever ex-US Total Revenue for a quarter of €487m (38% YoY growth in actual and cc2) • Record ex-US Adjusted EBITDA for a quarter of €129m (152% YoY growth and margin of 26%) • New all-time high for ex-US Average Unique Monthly Active Customers of 5.3m (12%
Slide 7: US Update
US UPDATE • iGaming footprint consisting of two brands from the Spin portfolio (including Jackpot Super Group’s US iGaming Footprint: City) in both New Jersey and Pennsylvania ◦ Subject to regulatory approval, the migration from Betway Casino to the second Spin brand should be completed in 1Q-25 • 4
Slide 8: Net Revenue by Geography: Continued Global Diversification
NET REVENUE BY GEOGRAPHY1: CONTINUED GLOBAL DIVERSIFICATION Key Highlights: • Americas ◦ Significant casino growth in Canada • Africa ◦ Exceptional growth across both sports and casino ◦ Seven countries, all locally regulated ◦ Healthy pipeline of new locally regulated markets over the next 12 month
Slide 9: Net Revenue by Brand and Product: Underpinned by Strong Casino Offering
NET REVENUE BY BRAND AND PRODUCT1: UNDERPINNED BY STRONG CASINO OFFERING Online Casino Online Sports Betting 9 1 Charts exclude US operations
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 11: Total Revenue (Ex-US)
TOTAL REVENUE (EX-US)1,2,3,4 Surpassing 2024 Total Revenue Guidance of €1.600bn by €63m 4Q-24 TOTAL REVENUE WAS €487M,+38% (+38% cc) YOY Net Revenue increased +42% (+42% cc) to €484m • The highest ever Net Revenue achieved in a quarter Sports Betting Revenue Online Casino Revenue increased increased
Slide 12: Adjusted EBITDA (Ex-US)
Adjusted EBITDA (EX-US)1,2,4 Surpassing 2024 Adjusted EBITDA Guidance of >€360m by €31m 4Q-24 Adjusted EBITDA WAS €129M, +152% YOY Adjusted EBITDA Margin of 26% • The highest ever Adjusted EBITDA achieved in a quarter Direct Expenses3 increased +28% to €176m: • Higher regulatory costs due to strong
Slide 13: 2024 Full-Year Ex-US Financial KPIs
2024 FULL-YEAR EX-US FINANCIAL KPIS Net Revenue by Product 23% 17% 37% 20% Marketing costs as a % of Net G&A Expenses as a % of Net Direct Expenses as a % of Net Revenue Revenue Revenue Sports Betting 80% Online Casino 24% Adjusted EBITDA as a % of Total Revenue 13
Slide 14: Guidance
GUIDANCE 2025
Slide 15: 2025 Guidance, Drivers and Assumptions
2025 GUIDANCE, DRIVERS AND ASSUMPTIONS Ex-US Total Revenue Adjusted EBITDA >€1.830 billion >€435 million • Ongoing refinement of marketing budget and Opex • Organic growth expected in key markets • Reinvestment into high growth markets US (iGaming only) • Total Revenue: ~€85 million • Adjusted EBITD
Slide 16: Appendix
APPENDIX
Slide 17: Financial Results, Operating Basis (Ex-US)
FINANCIAL RESULTS, OPERATING BASIS (EX-US)1 EUR (Millions) 1Q-24 2Q-24 3Q-24 4Q-24 1Q-23 2Q-23 3Q-23 4Q-23 December YTD 24 December YTD 23 Net Revenue (Ex-US) 366 400 389 484 321 364 339 341 1,639 1,365 Sports Betting 73 83 67 111 82 95 65 53 334 295 Online Casino 293 317 322 373 239 269 274 289 1,3
Slide 18: Reconciliation to Financial Statements in Form 6-K – EBITDA
RECONCILIATION TO FINANCIAL STATEMENTS IN FORM 6-K – EBITDA EUR (Millions) 4Q-24 EBITDA 113.1 Change in fair value of options 0.1 RSU expense 2.2 Unrealized foreign exchange (2.6) Other adjustments1 5.2 Adjusted EBITDA 118.1 Adjusted EBITDA, ex-US 128.8 Adjusted EBITDA, US (10.7) 18 Other adjustment
Slide 19: Net Revenue: Constant Currency Analysis
NET REVENUE: CONSTANT CURRENCY (‘CC’) ANALYSIS1 4Q-24 December YTD 24 YoY % CHANGE YoY CC % CHANGE YoY % CHANGE YoY CC % CHANGE Net Revenue (Ex-US) 42% 42% 20% 23% Sports Betting 112% 110% 13% 16% Online Casino 29% 29% 22% 24% Other Revenue (75)% (73)% (42)% (42)% Total Revenue2 (Ex-US) 38% 38% 18%
Slide 20: Detailed Share Count
DETAILED SHARE COUNT1 Shares (Millions) Shares Issued and Outstanding 503.4 Unvested Restricted stock units granted to employees 3.1 Fully Diluted Shares 506.5 20 1 As of December 31, 2024
Slide 21: investors@sghc.com
nil Supergroup investors@sghc.com