Better Collective A/s · OMXCOP:BETCO_DKK
Better Collective A/s — Shareholder Meeting (April 2021)
37 slides from Better Collective A/s's shareholder meeting presentation, Apr 26, 2021
Slide 1: Welcome! The annual general meeting
WELCOME! The annual general meeting April 26, 2021 starts at 14:00 CET Q4 2020 Presentation - 24 February 2021
Slide 2: Better Collective's Annual General Meeting 2021
Better Collective’s Annual General Meeting 2021 Jens Bager Jesper Søgaard Andreas Nielsen Daniel Nyvang Mariussen Chairman of the board Co-founder & CEO Chairman of the meeting Chairman of the nomination committee
Slide 3: Agenda
Agenda 1. Appointment of the chairman of the general meeting 10. Proposals from the board of directors or the shareholders 2. The board of directors’ report on the activities of the Company during a. Proposal to include a new item regarding presentation of the the past financial year remuneration rep
Slide 4: Chairman's report
Chairman’s report Jens Bager
Slide 5: The BETCO share and shareholders
The BETCO share and shareholders ⬥ Share price increase 2020 of 88.67% ⬥ 2,983 shareholders corresponding to a 275% increase from 1,086 shareholders on December 31, 2019 49 % FOUNDERS & MANAGEMENT 66 % TOP 10 SHAREHOLDERS
Slide 6: Highlights full year 2020
Highlights full year 2020 n 2020 Q1 do wQ2 Q3 Q4 2021 Q1 ck ” io n lo ph ns AI ar isit ra o n i o 9 ay e ts eg t iti n it 1 w e Y qu en el ep u is sitio uis I D- i nd on th ac e v T c q i q OV M ti of a ily on c ac cqu ac C in isi e t D p a r u t ia g p or e f of r ou om gh e ld acq f fil .or s h T o
Slide 7: Board of Directors
Board of Directors Jens Bager Todd Dunlap Klaus Holse Chairman Board Member Board Member BC since 2016 BC since 2020 BC since 2017 Søren Jørgensen Petra Von Rohr Leif Nørgaard Board Member Board Member Board Member BC since 2014 BC since 2018 BC since 2014 Selected experiences Q4 2020 Presentation -
Slide 8: Executive management Remuneration
Executive management Remuneration
Slide 9: CEO's report
"CEO’s report Jesper Sogaard
Slide 10: Strategy and mega trends
Strategy and mega trends ⬥ Best products and content for sports betting; preferred partner Mega trends driving growth in the iGaming market for operators ⬥ Strong pipeline for 2021 ⬥ Dedicated US focus in the short-medium term ⬥ Expanding from our strong foundation in affiliate marketing ⬥ Socially r
Slide 11: Financial performance Full Year 2020
Financial performance Full Year 2020 ⬥ 3 years with > 50% CAGR in Revenue, Earnings and Cash Flow ⬥ Financial performance in line with targets Revenue EBITA before special items Operational cash flow before special items mEUR mEUR mEUR CAGR 50% CAGR 51% CAGR 59%
Slide 12: Financial performance
Financial performance 2018-2020 2018 IPO Raised 69 mEUR to fund ⬥ IPO in June 2018 M&A strategy ⬥ Total equity funding of 100 mEUR 2018 M&A Bola + Betarades + Ribacka ⬥ Continued expansion through M&A-activity: 250 mEUR Germany/Greece/Sweden, total of 69 mEUR ⬥ 3 year operational cash flow of 80 mEUR
Slide 13: Financial targets 2021
Financial targets 2021 Revenue mEUR ⬥ Revenue targets 2021 >160 mEUR - implied growth rate >80% CAGR 50% ⬥ Operational Earnings > 50 mEUR ⬥ Earnings margins: ○ Publishing at same high levels as previous ○ Paid Media >10%; investments in revenue share and new market openings EBITDA before special ite
Slide 14: Building for continued growth
Building for continued growth Most recent acquisitions 22 Completed acquisitions since 2017 HLTV.org Acquired for More than 26.5 Newly added Completed acquisitions in Leading esports 2020 of approx. 34.5 mEUR million visits betting section platform per month to the site Atemi Group 80 mEUR Specialis
Slide 15: The US market
The US market ◆ Dedication towards emerging US market ◆ Commercialisation of VegasInsider.com, and ScoresandOdds.com ◆ Strong US brands & assets ◆ Recent Atemi acquisition to power paid media efforts in the US ◆ Media partnership with New Jersey media NJ.com ◆ Online sports betting expected to grow
Slide 16: A sustainable business
A sustainable business Sustainability governance at Better Collective Our sustainability governance model provides a foundation for developing and anchoring a sustainability strategy and targets. Board of directors Approved Code of Conduct and Sustainability Strategy Management team Decides on strat
Slide 17: A better collective
A better collective “ I would like to express my sincere thanks to all Better Collective’s employees for their continued astonishing performance and flexibility in this extraordinary environment. The past year has really demonstrated the strong team spirit in Better Collective. “
Slide 18: Agenda items 3-6
Agenda items 3-6 3. Presentation of the audited annual report and the consolidated financial statements for the financial year 2020 for adoption 4. Proposal by the board of directors concerning the appropriation of profits or covering of losses as recorded in the approved annual report 5. Resolution to
Slide 19: Agenda items 7-9
Agenda items 7-9 7. Election of members of the board of directors, including the chairman of the board of directors 8. Approval of the board of directors’ remuneration for the current financial year 9. Election of auditor and determination of remuneration for the auditor
Slide 20: Nomination committee
Nomination committee In accordance with shareholders’ decision, the nomination committee has been appointed and is composed by four members in total: ⬥ Daniel Nyvang Mariussen (Chairman), representing Chr. Dam Holding and J. Søgaard Holding ⬥ Martin Jonasson, representing Andra AP-Fonden and Tredje
Slide 21: Election of the board of directors
Election of the board of directors Jens Bager Petra Von Rohr Todd Dunlap Chairman Board Member Board Member BC since 2016 BC since 2018 BC since 2020 Klaus Holse Therese Hillman Leif Nørgaard Board Member Board candidate Board Member BC since 2017 BC since 2014
Slide 22: Approval of the board of directors' remuneration
Approval of the board of directors’ remuneration ⬥ The annual remuneration of the chairman of the board of directors is proposed to be EUR 90,000 ⬥ The annual remuneration to the other members of the board of directors is proposed to be EUR 30,000 ⬥ The annual remuneration of the chairman of a commi
Slide 23: Election of auditor
Election of auditor ⬥ The nomination committee proposes, in accordance with the audit committee’s recommendation, to re-elect EY Godkendt Revisionspartnerselskab as auditor until the close of the next annual general meeting. ⬥ Further, and in accordance with the audit committee’s recommendation, we
Slide 24: Agenda items 7-9
Agenda items 7-9 7. Election of members of the board of directors, including the chairman of the board of directors 8. Approval of the board of directors’ remuneration for the current financial year 9. Election of auditor and determination of remuneration for the auditor
Slide 25: Agenda items 10
Agenda items 10 10. Proposals from the board of directors or the shareholders a. Proposal to include a new item regarding presentation of the remuneration report for the most recent financial year for advisory vote on the agenda of the annual general meeting b. Proposal to authorise the board of dire
Slide 26: 10a) Proposal to include a new item regarding presentation of the remuneration report
10a) Proposal to include a new item regarding presentation of the remuneration report ⬥ The board of directors proposes to amend section 6.5.3 of the Company’s articles of association and insert a new item in the agenda of general meetings regarding presentation of the remuneration report for the mo
Slide 27: 10b) Proposal to authorise electronic general meetings
10b) Proposal to authorise the board of directors to convene and conduct general meetings as a complete or partially electronic meeting The Covid-19 pandemic has underlined the importance of being flexible and to adjust to unexpected situations in a fast pace. In light of this experience, the board o
Slide 28: 10b) Proposal to authorise electronic general meetings
10b) Proposal to authorise the board of directors to convene and conduct general meetings as a complete or partially electronic meeting If the proposal is adopted in accordance with the recommendation of the board of directors, the following new section 6.4 and section 6.5.7 will be inserted as set
Slide 29: 10c) Proposal to authorise to increase the share capital
10c) Proposal to authorise the board of directors to increase the share capital of the Company The board of directors proposes that the general meeting in the period until the annual general meeting to be held in 2022 authorises the board of directors to increase the share capital in the Company wit
Slide 30: 10c) Proposal to authorise to increase the share capital
10c) Proposal to authorise the board of directors to increase the share capital of the Company The board of directors is authorised to make the necessary amendments to the articles of association in connection with the capital increase(s) being effected. It is proposed that the authorisation to incr
Slide 31: 10d) Proposal to increase share capital by convertible loan instruments
10d) Proposal to authorise the board of directors to increase the share capital of the Company by issue of convertible loan instruments The board of directors proposes that the general meeting in the period until the annual general meeting to be held in 2022 authorises the board of directors to rais
Slide 32: 10d) Proposal to increase share capital by convertible loan instruments
10d) Proposal to authorise the board of directors to increase the share capital of the Company by issue of convertible loan instruments The detailed terms and conditions governing the convertible loan instruments are determined by the board of directors, including loan terms, conversion price, condi
Slide 33: 10e) Proposal to ratify issuance of 260,000 warrants
10e) Proposal to ratify the board of directors’ issuance of 260,000 warrants pursuant to the authorisation to issue warrants to key employees According to the authorisation granted by the general meeting to the board of directors to establish a long-term incentive program (see Schedule 4 to the Comp
Slide 34: 10f) Proposal to re-approve authorisation to issue warrants to key employees
10f) Proposal to re-approve the board of directors’ authorisation to issue warrants to key employees in 2021 in accordance with the existing authorisation in section 5.5 of the articles of association and amendment of the authorisation The board of directors proposes that the existing authorisation
Slide 35: 10g) Proposal to authorise to acquire treasury shares
10g) Proposal to authorise the board of directors to acquire treasury shares It is proposed to authorise the board of directors to pass a resolution on acquisition of treasury shares on the following terms: 1. The Company may acquire up to nominal EUR 46,945.325 treasury shares corresponding to 10%
Slide 36: 11. Proposal on authorisation to the chairman of the meeting
11. Proposal on authorisation to the chairman of the meeting The board of directors proposes to authorise the chairman of the general meeting – with right of substitution – to file the resolutions passed with the Danish Business Authority and to make such amendments to the resolutions passed by the g
Slide 37: Thank you for your attention
Thank you for your attention