Genius Sports Limited · NYSE:GENI
Genius Sports — SPAC Merger (December 2020)
31 slides from Genius Sports's SPAC merger presentation, Dec 14, 2020
Slide 1: Genius Sports Group December 2020
Genius Sports Group December 2020 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer This investor presentation (this “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination (the “Business Combination”) between dMY Technology Group, Inc. II (“dMY”) and Maven Topco Limi
Slide 3: Disclaimer (cont'd)
Disclaimer (cont’d) Non-GAAP Financial Measures This Presentation includes certain financial measures not presented in accordance with U.S. or UK GAAP including, but not limited to, Adjusted EBITDA and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not meas
Slide 4: Experienced, Founder-led management team
Experienced, Founder-led management team Mark Locke Co-Founder & Chief Executive Officer Pioneer in the sports data industry Launched Betgenius in 2000 and in 2015 created Genius Sports Group (“Genius”) Nick Taylor Chief Financial Officer Joined Genius in 2019 Previously CFO at Wagamama Group; led p
Slide 5: Genius – Powering the sports data ecosystem
Genius – Powering the sports data ecosystem Our Business We collect official live sports data, and we provide that data and mission critical technology to sportsbooks which cannot run without it Our Mission To be the official data, technology and commercial partner that powers the global ecosystem c
Slide 6: Key investment highlights
Key investment highlights 1 2 3 4 5 Leading sports data provider, mission critical data for sportsbooks A unique position with scale and technology leading to high barriers to entry Multiple growth levers in a market with strong tailwinds Attractive financial profile with strong operating leverage F
Slide 7: The leading exclusive content and data provider
The leading exclusive content and data provider… Data Acquisition Data Monetization Partner to sports leagues globally Acquires exclusive, official rights to sports data from major leagues and federations Provides vital technology and services to smaller scale sports globally in exchange for officia
Slide 8: …that sits at the heart of the sports ecosystem
…that sits at the heart of the sports ecosystem Note: Logos represent select clients and are not exhaustive. Technology services shown are not exhaustive. 1 Relates to the 2020 revenue forecast position. These projections were prepared in accordance with UK GAAP. See “Disclaimer – Use of Projections
Slide 9: One of two players of scale providing full service provision
# of events covered # of sports covered Sport league services One stop shop betting services Media solutions Streaming solutions One of two players of scale providing full service provision Genius’ official rights and technology strategy differentiate it from competitors Only 2 companies possess the
Slide 10: Technology and scale provide high barriers to entry and low churn
Technology and scale provide high barriers to entry and low churn Scaled and technologically focused organization Technology for Sports Technology for Betting 2 Scalable technology powering the entire sports data ecosystem Integrity monitoring technology and services Technology exchange for rights m
Slide 11: What is official data and why does it matter?
What is official data and why does it matter? What is official data? Official data is the feed of live sports statistics that is sanctioned by the sports for collection and distribution Why official data matters It matters to sports – it goes to the very heart of their funding It matters to sportsbo
Slide 12: Unique rights strategy with worldwide breadth and depth of coverage
Unique rights strategy with worldwide breadth and depth of coverage Leagues / sports % of events 6% 25% 38% 31% Tier 1 Tier 3 Tier 4 Tier 2 Genius strategy Rights cost High Low / contra deals Competitive market Selective rights acquisitions Long term rights agreements in exchange for software and de
Slide 13: Acquisition of official rights
Acquisition of official rights Successful execution of official data strategy proves concept Of which 110k+ are exclusive Events covered 2 Monetization of official rights 1 2
Slide 14: Strategy strengthens partner relationships
Strategy strengthens partner relationships Increased content & engagement More demand for official data & services Official rights Low churn & sticky relationships 2 Sports leagues Sportsbooks Technology
Slide 15: Uniquely positioned in a fast-growing market
Uniquely positioned in a fast-growing market Global sportsbetting market, 2020F – 2025F (GGR in $bn) Source: H2 Gambling Capital | Note: “GGR” stands for gross gaming revenue. 11% CAGR 13% CAGR 12% CAGR 31% CAGR 3 The sportsbetting market is experiencing fast worldwide growth Genius’ unique position
Slide 16: Well positioned to capture the US market
Well positioned to capture the US market Business model perfect for highly competitive market 2 Strong partnerships with high profile leagues 1 Data driven marketing products for player acquisition Ideally suited to capture expected significant sportsbook marketing spend Genius already establishing
Slide 17: Multiple levers for growth
Multiple levers for growth 3 Newly regulated sportsbetting markets Data and odds market under-monetized Sportsbooks’ back office inefficiencies Further migration to official data Data Media Streaming Player acquisition in newly regulated markets Emerging US market has limited expertise Large and gro
Slide 18: Strong, consistent growth in the past years…
Strong, consistent growth in the past 5 years… Group Revenue +~250% Revenue Breakdown1 4 1 Relates to the 2020 revenue forecast position. These projections were prepared in accordance with UK GAAP. See “Disclaimer – Use of Projections”. 2 Represents revenue related to contractual minimum guarantees.
Slide 19: …with a clear path to forward growth and profitability
Adj. EBITDA Margin3 … with a clear path to forward growth and profitability $116m $145m $190m CAGR +29% ($9m) F F F $35m Group Revenue Group Adjusted EBITDA1,2 6% n.m. 10% 18% 29% ~60% of revenue from contractual minimum guarantees F F F Path to 40% Adj. EBITDA margin at scale Note: Financials and p
Slide 20: Revenue growth driven by further liberalization of sportsbetting markets
Genius’ participation in the growth of new and existing customers driven by further liberalization of sportsbetting markets globally Increased customer utilization of events under official rights Contractual price escalators and incremental revenue from additional services provided to sportsbooks, i
Slide 21: Business model leads to high operating leverage
Business model leads to high operating leverage Data production and trading costs Media direct costs Hosting costs Customer services Mix of cash and contra deal costs (software in kind) Mostly payroll costs Limited variable costs (bonus and sales commissions) Cost description Miscellaneous costs (re
Slide 22: Additional growth opportunities outside the plan
Additional growth opportunities outside the plan 4 Target multiple sports that need financing or revenues via innovative investment models Accelerated rights strategy Tech & content M&A Media M&A Acquire emerging tech companies to deepen reach into key sports Acquire large scale, highly synergistic
Slide 23: Significant progress made on key drivers of growth since Oct '20
Significant progress made on key drivers of growth since Oct ‘20 Expanding data and technology services to customers Media and adtech contract wins Accelerating official rights strategy Streaming integrations Executing tuck-in M&A Provides highest quality sports data available, enabling Genius to en
Slide 24: Genius' long-term opportunity
Genius’ long-term opportunity Source: H2 Gambling Capital | Note: See "Disclaimer-Use of Projections”. 1 Adjusted EBITDA margin is a non-GAAP financial measure. Calculated as Adjusted EBITDA divided by Revenue. See “Disclaimer-Non-GAAP Financial Measures”. 2 Adjusted EBITDA is a non-GAAP financial m
Slide 25: Transaction overview
NV $ mel Transaction overview
Slide 26: Proposed transaction summary
Proposed transaction summary dMY Technology Group, Inc. II (“dMY II”), led by Niccolo de Masi and Harry You, is a publicly listed special purpose acquisition vehicle with ~$276 million in cash held in trust dMY II has agreed to combine with Genius Sports Group (“Genius”), valuing the company at a pr
Slide 27: Summary Pro Forma Shares Outstanding
Summary Pro Forma Shares Outstanding Note: Assumes no redemptions from dMY II’s trust account and $330 million PIPE. Excludes impact of dMY II warrants ($11.50 strike price). Full pro forma share count includes 27.6 million public SPAC shares, 33.0 million PIPE shares, 100.2 million shares to Seller
Slide 28: Identifying the Right Peer Set for Genius
EV / 2021 Revenue 8.0 x 20.2 x 11.6 x 11.6 x 2020-2022 Revenue Growth CAGR 28 % 25 % 7 % 45 % EV / 2021 Revenue – Growth Adj.1 0.29 x 0.81 x 1.93 x 0.26 x EV / 2021 EBITDA 20.1 x2 (Based on illustrative steady-state multiple) 32.3 x 29.5 x NA EV / 2022 EBITDA 16.0 x2 (Based on illustrative steady-st
Slide 29: Appendix
Appendix
Slide 30: Business model set up for growth
Business model set up for growth Guaranteed revenues from sportsbooks Fixed minimum guaranteed payments, which may include escalators over the contract term Typically 4-5 year commitments with historically low churn Upside levers from sportsbooks All Genius agreements include growth levers that enab
Slide 31: Reconciliation to UK GAAP
Reconciliation to UK GAAP USD 000s 2018 2019 Operating profit / (loss) (5,443) (39,309) Plus / (less): D&A 16,949 23,571 Extraordinary items1 (650) 2,358 Share based payments - 4,830 Reported EBITDA 10,856 (8,550) (adj.) Like-for-like capitalization2 (6,214) - Adjusted EBITDA 4,642 (8,550) Note: 1.3