Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q3 2022 Earnings Presentation
18 slides from Super Group (sghc)'s earnings presentation, Nov 22, 2022
Slide 1: 3Q 2022 Earnings Review
3Q 2022 Earnings Review November 22, 2022
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: Contents
Contents 1 Business Update 2 Financial Highlights 3 Appendix 3
Slide 4: Business Update
Business Update sghe
Slide 5: 3Q 2022 and Current Business Update
3Q 2022 and Current Business Update 3Q22 Performance Summary: €308m €302m €50m 2.7m Total Revenue1 Net Revenue Operational EBITDA Monthly Active customers2 Underlying Businesses are Dynamic Strong Partnerships Ensure Brand Strategic M&A and Reflecting Evolving Markets Awareness Efficient Capital All
Slide 6: Net Revenue Geographic Breakdown
Net Revenue Geographic Breakdown RoW RoW 22% 21% 43% Americas 49% Americas Europe 11% Europe 13% 18% 23% Africa Africa 3Q 2021 3Q 2022 6
Slide 7: Net Revenue Contribution of Betway & Spin
Net Revenue Contribution of Betway & Spin 51% 49% 46% 54% 3Q 2021 3Q 2022 7
Slide 8: Acquisition of DGC will provide access to the US Market
Acquisition of DGC will provide access to the US Market • US remains an attractive opportunity with projected TAM of $39bn and $14bn at maturity for Online Sports Betting and iGaming respectively1 • Super Group intends to expand only into states that will provide opportunities for long-term growth a
Slide 9: Financial Highlights
Financial Highlights
Slide 10: 3Q 2022 – Maintaining Profitability and Generating Cash
3Q 2022 – Maintaining Profitability and Generating Cash Operational Monthly Active Net Revenue Cash on EBITDA Customers1 Balance Sheet2 $358m n €302m €50m 1.3bn 2.7m €302m €266m €1.8bn 1Excludes Jumpman Gaming, acquired on September 1, 2022 2As of September 30, 2022 10
Slide 11: Total Revenue
Total Revenue1 Total Revenue Guidance for 2022: €1.15bn - €1.28bn Net Revenue increased by €6m (+2%) to €302m €1,400m €1.15bn: €1,326m Lower range Sports betting revenue increased by €13m (+14%) to of 2022 €105m: €1,200m guidance €340m • Strong growth in Africa and growth in APAC €1,036m • Overall g
Slide 12: Operational EBITDA
Operational EBITDA Operational EBITDA Guidance for 2022: €200m - €215m €320m €302m €280m €70m €240m €200m: Lower Marketing expenses decreased by €8m (-10%) to €214m range of 2022 guidance €72m: €200m • Reduction in variable marketing €84m €71m • Increased investment in brand spend €160m €50m > Gener
Slide 13: Investment Summary
Investment Summary Global reach and scale Mix of growth and profitability Data driven and customer centric Control of best-in-class technology Online-only Cash generative with solid balance sheet 13
Slide 14: Appendix
Appendix sghe
Slide 15: Financial Results
Financial Results Quarter YTD (EUR in millions) 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Sep-21 Sep-22 Net Revenue 300 339 296 320 315 316 302 935 933 Other Revenue 17 17 17 20 20 7 7 51 34 Total Revenue 317 356 313 340 335 323 308 986 967 Direct Expenses (113) (121) (103) (118) (115) (119) (119) (337) (3
Slide 16: Reconciliation to Financial Statements in Form 6-K – EBITDA
Reconciliation to Financial Statements in Form 6-K – EBITDA (in millions) 3Q22 Operational EBITDA €50 (+) Unrealized Foreign Exchange 8 (+) Audit and Consolidation Adjustments 1 (-) Non-Recurring or Prior Period Adjustments (3) Adj. 6-K EBITDA €56 (-) RSU expense (10) (-) Fair Value Adjustments of W
Slide 17: Detailed Pro Forma Share Count
Detailed Pro Forma Share Count Total Capitalization Shares (millions) Shares issued and outstanding 490.2 Additional Securities Shares (millions) Assumption of SEAC warrants1 (strike price: $11.50) 33.5 Earnout shares I (earnout trigger: $11.50)2 12.7 Earnout shares II (earnout trigger: $12.50)2 12.
Slide 18: wit Sueer
wit Sueer sghe group