Slide 1: Interim Report January-March 2024
Interim Report January-March 2024 24 April 2024 CEO, Martin Carlesund & CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • Improved delivery capacity • Launched slots in Delaware with Live to follow • Agreements signed in the US with Caesars and Fanatics • Initiated construction of new studio in Europe • Acquisition of Livespins • Strong world-wide demand for Evolution online casino
Slide 3: Highlights in the quarter
Highlights in the quarter First quarter of 2024 (Q1 2023) • Operating revenues +16.7% to 501.5 MEUR(429.6) • Live growth +19.8% to 431.3 MEUR (360.1) • RNG growth +0.8% to 70.1 MEUR (69.5) • EBITDA +15.2% to 345.8 MEUR (300.2) • EBITDA margin 69.0% (69.9) 3
Slide 4: Increase in staff
Increase in staff Headcount end of period YoY growth 18.5% 20 537 20 000 19 221 17 823 17 026 17 331 17 447 15 917 15 297 15 000 14 341 13 410 12 289 11 311 10 226 10 000 9 506 8 240 7 395 6 764 5 000 0 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 4
Slide 5: Activity in the network
Activity in the network YoY growth Game Rounds index – All games +33% 400 350 339 301 300 275 277 254 250 232 203 200 176 153 150 135 115 120 110 100 50 0 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 5
Slide 6: Slide 6
Slide 7: Geographic breakdown
Geographic breakdown Revenue per Region Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Group, EUR million 2023 2023 2023 2023 2024 Europe 173.7 175.2 175.1 185.8 191.0 Asia 154.0 164.5 172.1 181.7 197.6 North America 57.3 55.5 54.7 59.1 62.1 LatAm 30.0 31.3 34.4 32.1 33.0 Other 14.6 14.6 16.3 16.6 17.8 Tot
Slide 8: Financial development
Financial development 70,3% 70,7% 70,4% 70,9% 69,9% 69,3% 69,0% 69,9% 69,0% 68,0% 68,9% 68,6% 67,9% 501,5 475,3 452,6 441,1 429,6 407,5 378,5 344,0 337,0 345,8 Revenue EUR 326,8 318,6 311,7 million 300,2 300,2 EBITDA 276,0 279,5 256,7 261,0 235,8 238,2 EBITDA, % 229,7 206,9 192,9 174,7 160,1 21Q1 21
Slide 9: P/L detail
P/L detail Jan-Mar Jan-Mar Apr 2023- Jan-Dec Group, EUR thousands 2024 2023 Mar 2024 2023 Revenues - Live 431,338 360,104 1,594,508 1,523,274 Revenues - RNG 70,113 69,470 275,970 275,327 Total operating revenues 501,451 429,574 1,870,478 1,798,601 Personnel expenses -106,771 -82,933 -379,138 -355,30
Slide 10: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 31/3/ 31/12/ 350 90% (EUR m) 2024 2023 40 8% Total non-current assets 3,187,9 3,251,2 80% 35 7% 300 70% Current assets 877.4 736.5 30 6% 250 Cash and cash equivalents 974.1 985.8 60% 25 5% Tota
Slide 11: Outlook
Outlook • Very exciting 2024 Roadmap • Continued expansion • Continue to take market-shares and to increase gap to our competitors
Slide 12: Q&A
Q&A ir@evolution.com