Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q3 2022 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, Nov 18, 2022
Slide 1: Q3 2022 Results
——~ motorsport GAMES Q3 2022 Results November 18, 2022 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2021 Form 10-K.and 3rd Quarter 2022 Form 10-Q filed with the SEC and Q3 2022 earnings release for more complete inform
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Slide 3: Company Highlights
Company Highlights a ) At the center of large, fast-growing motorsport, gaming and esports categories a ) Strategic, long-term partnerships with iconic racing brands «== motorsport _ \ Leveraging exclusive partnerships for multiple products and revenue ZF Games F } reams Px) ) Pole position in virtu
Slide 4: Q3 2022 Highlights
Q3 2022 Highlights Financial Highlights Revenue Net Loss Adjusted EBITDA EPS** Q3 2022 Revenues of $1.2M S1.2M S2.1M S85M S6JM ($6.5) (S5.5M) ($7.29) ($5.64) Q3 2022 Net loss was $8.5M _ _ _ + Q3 2022 Adjusted EBITDA loss was $6.5M* Q322 9321 9322 9321 Q322 9321 0322 9321 Key Highlights + Released r
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives + — Released rFactor 2 quarterly content update on August 8, 2022 sumascan Games + Announced 2022 Season Expansion Update for NASCAR 21: Ignition (launched on October 6, 2022) RiVALS, ] IGNITION! + Announced NASCAR Rivals for Nintendo Switch (launched on October
Slide 6: Q3 2022 Highlights
Q3 2022 Highlights Announced Transformative 2022 Restructuring Program and Reverse Stock Split: In September 2022, the Company announced that it was implementing the 2022 Restructuring Program. It is designed to improve profitability and cash flow and is expected to generate approximately $4 million
Slide 7: 2022 Results
03 2022 Results MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS: (UNAUDITED) ‘Three Months Ended ‘Nine Months Ended September September 30, 30, 2022 2021 2022 2021 Revenues $1,223,142 $ 2,138466 S$ 6,553,918 $6,851,525 Cost of revenues 602,856 949,139 3,472,819
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Net Loss Interest expense, net Depreciation and Amortization EBITDA IPO related expenses Acquisition related expenses Gain attributable to equity method investment Impairment of goodwill and intangible assets Loss contingency expenses Stock-based compens
Slide 9: Liquidity
Liquidity + Asof September 30, 2022 and October 31, 2022, the Company had $3.2 million and $1.8 million, respectively, of available cash on hand with $3 million of long-term debt owed to its majority shareholder. + The Company's Q3 2022 Form 10-Q discloses that there is substantial doubt about the C
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio MASCARA IGNITION, WF, a === motorsport 23 Games
Slide 11: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. (“Motorsport Games,” “us,” “our,” “we” or the “Company”). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the “SEC”), including our Annu
Slide 12: Legal Disclosures
LEGAL DISCLOSURES FORWARD-LOOKING STATEMENTS (CONT): Examples of such risks and uncertainties include, but are not limited to: i) difficulties, delays or less than expected results in achieving the Company’s growth plans, objectives and expectations, such as due to a slower than anticipated economic