Raketech Group Holding Plc · OMXSTO:RAKE
Raketech — Q2 2024 Earnings Presentation
16 slides from Raketech's earnings presentation, Aug 14, 2024
Slide 1: Q2 2024 Report Presentation
RAKETECH Q2 2024 Report Presentation
Slide 2: Q2 2024 agenda and presenters
Q2 2024 01. Highlights 02. Financials Q2 2024 03. Key takeaways 04. Q&A Johan Svensson Måns Svalborn Chief Executive Officer Chief Financial Officer
Slide 3: Q2 Financial Highlights
3 Q2 Financial Highlights NAVIGATING A CHALLENGING QUARTER, IN LINE WITH EXPECTATIONS • Group revenue totaled EUR 17.0 million, an organic decrease of -3.7% Y/Y • EBITDA of EUR 4.4 million, a decrease of -20.3% Y/Y • Revenues in July amounted to EUR 4.6 million - Reflecting weak performance in 17m S
Slide 4: Q2 Performance by business area
4 Q2 Performance by business area Betting tips and Affiliation Marketing Sub-affiliation subscription Performance marketing and lead generation Saas and managed solutions for administration, data Consumer services, tailored sports data insights, provided for operators via Raketech owned assets. anal
Slide 5: Business update - Affiliation Marketing
5 Business update - Affiliation Marketing ✓ Casumba Earnout Completed (July 31st): The Core team including the Founders are still Affiliation Marketing intact Swift response to recover from ✓ Swift Response to Google Core Update: Comprehensive business audit done of Google Core update Casumba assets
Slide 6: Business update - Sub-affiliation
6 Business update - Sub-affiliation ✓ Raketech Sub-affiliation: Achieved year-on-year organic growth in Q2 on Raketech Sub-affiliation Network and AffiliationCloud, with a small decrease for Raketech Network compared to Q1 First exclusive partnership due to operational challenges for some of our lar
Slide 7: Business update – Betting tips & subscriptions
7 Business update – Betting tips & subscriptions Betting tips and subscription Strategic Divestment & Focus on Core US Operations Background & Context • Acquired ATS Consultants Inc. in Dec 2021, including high-value lead- USERS WEBSITES REVENUE STREAMS STATUS generating sports tipster websites • St
Slide 8: Financials Q2 2024
RAKETECH Financials Q2 2024
Slide 9: Continuously low performance for Casumba
9 Continuously low performance for Casumba Revenue streams Revenue mix EUR Affiliation marketing Sub-affiliation Betting tips & Subscription EUR Revenue share CPA Flat fee Betting subscr. million million 25 25 1.7 1.7 0.9 0.9 20 20 2.6 2.2 1.2 1.2 1.0 1.0 2.4 1.1 1.1 15 1.4 11.1 11.4 15 1.4 2.7 1.9
Slide 10: Positive development for high traffic sport assets
Positive development for high traffic sport assets Region split Vertical split EUR million EUR million 100% 100% 1.3 1.1 2.1 1.8 1.4 1.3 1.5 2.4 1.9 1.1 90% 0.7 90% 3.4 3.1 4.3 3.5 0.8 0.8 1.1 3.8 3.4 0.7 0.7 0.6 3.2 4.2 0.7 3.5 80% 80% 70% 70% 4.5 9.3 9.3 4.0 8.4 8.2 7.4 60% 6.1 7.5 US 60% Other 50
Slide 11: Free cash flow impacted by timing effects
11 Free cash flow impacted by timing effects Free cash flow quarterly, before earnouts and EBITDA and margin quarterly acquisitions EUR million EUR million 6.5 6.3 6.1 6.0 5.6 Adjusted 5.6 5.5 5.2 5.1 5.0 5.0 4.8 4.3 4.4 3.8 3.8 3.3 3.2 2.7 33.6% 37.1% 40.3% 38.7% 31.1% 26.1% 26.3% 22.6% 25.8% Q2-22
Slide 12: Financial flexibility for upcoming earnouts
12 Financial flexibility for upcoming earnouts Estimated earnout settlements EUR million 20 Current cash flow well above estimated earnout payments 15 Free cash flow EUR 20m can be settled at any point in time 10 up until September 2026 5 0 Months Months Next 12 months 13-24 25-36 Q3’24 – Q2’25 Q3’2
Slide 13: Key takeaways and outlook
13 Key takeaways and outlook Financials • Revenues of EUR 17.0m Outlook and way forward • -3.7% organic growth • July revenues of EUR 4.6m, impacted by • EBITDA of EUR 4.4m at 25.8% margin weak performance within Sub-affiliation • Growth in Sub-affiliation +29.7% compared to Q2 2023 (Raketech Networ
Slide 14: Q&A
RAKETECH Q&A 14
Slide 15: www.raketech.com
www.raketech.com
Slide 16: Thank you!
RAKETECH Thank you!
Raketech Group Holding — Q2 2024 Earnings Presentation on 6ix