Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q4 2023 Earnings Presentation
19 slides from Super Group (sghc)'s earnings presentation, Mar 6, 2024
Slide 1: 4Q 2023 Earnings Review
4Q 2023 Earnings Review March 6, 2024
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited
Slide 3: Agenda
Agenda 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 GUIDANCE 04 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview
Slide 5: 4Q23 Overview: Strategic Objectives and Quarterly Highlights
4Q23 OVERVIEW: STRATEGIC OBJECTIVES AND QUARTERLY HIGHLIGHTS Strategic Objectives: Optimization of Global Effective Management of Continued Profitability Investment for Growth Footprint Capital Structure 4Q23 Highlights: €352m €54m 15% 4.7m Business Ex-US €242m 2 Operational EBITDA Average Unique Mo
Slide 6: Net Revenue by Geography: Continued Global Diversification
1 NET REVENUE BY GEOGRAPHY : CONTINUED GLOBAL DIVERSIFICATION 4Q 2022 4Q 2023 8% 19% 18% 17% 22% 42% 33% 41% Europe Africa Americas RoW 6 1 Charts exclude US operations
Slide 7: Net Revenue by Brand and Product: Underpinned by Strong Casino Offering
1 NET REVENUE BY BRAND AND PRODUCT : UNDERPINNED BY STRONG CASINO OFFERING 4Q 2022 4Q 2023 4Q 2022 4Q 2023 15% 27% 46% 45% 54% 55% 73% 85% Online Casino Online Sports Betting 7 1 Charts exclude US operations
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 9: 2023 Full-Year Ex-US Financial KPIs
2023 FULL-YEAR EX-US FINANCIAL KPI’S 78% 22% Online Casino as a % of Net Revenue Sports Betting as a % of Net Revenue 25% 20% 39% Marketing Costs as a % of Net Revenue G&A Expenses as a % of Net Revenue Direct Expenses as a % of Net Revenue 18% Operational EBITDA as a % of Total Revenue 9
Slide 10: Total Revenue (Ex-US)
1,2,3 TOTAL REVENUE (EX-US) Surpassing 2023 Total Revenue Guidance of €1.350bn by €56m 4Q23 TOTAL REVENUE (EX-US) WAS €352M,+7% (+15% cc) YOY €1,406m Net Revenue increased +6% (+14% cc) to €341m €1,326m €1,296m • The highest ever Net Revenue achieved in a fourth quarter €352m €340m €330m Sports Bett
Slide 11: Operational EBITDA (Ex-US)
1,2 OPERATIONAL EBITDA (EX-US) Surpassing 2023 Operational EBITDA Guidance of >€240m by €15m 4Q23 OPERATIONAL EBITDA (EX-US) WAS €54M, +29% YOY Operational EBITDA Margin was 15% • Impacted by negative sports margin in October €302m Direct Expenses increased +12% to €135m: €70m €255m • Higher regulat
Slide 12: Guidance
GUIDANCE 2024
Slide 13: 2024 Guidance, Drivers and Assumptions
2024 GUIDANCE, DRIVERS AND ASSUMPTIONS Super Group - Ex-US 1,2 Total Revenue Adjusted EBITDA €1.550bn >€280m +10% >18% YoY change Adjusted EBITDA Margin • Strong marketing investment into new and existing markets • Net revenue increase of 12% • Continued optimization of costs and investment into tec
Slide 14: Appendix
APPENDIX
Slide 15: Financial Results, Operating Basis (Ex-US)
1 FINANCIAL RESULTS, OPERATING BASIS (EX-US) Quarter YTD EUR (Millions) 1Q ’23 2Q ’23 3Q ’23 4Q ’23 1Q ‘22 2Q ‘22 3Q ‘22 4Q ’22 Dec-23 Dec-22 Net Revenue (Ex-US) 321 364 339 341 315 316 302 322 1,365 1,255 Sports Betting 82 95 65 53 100 102 90 86 295 377 Online Casino 239 269 274 289 215 214 212 236
Slide 16: Net Revenue: Constant Currency Analysis
1 NET REVENUE: CONSTANT CURRENCY (‘CC’) ANALYSIS Q4-23 DEC-YTD EUR (Millions) YoY % CHANGE YoY CC % CHANGE YoY % CHANGE YoY CC % CHANGE Net Revenue (Ex-US) 6% 14% 9% 19% Sports Betting (39)% (34)% (22)% (13)% Online Casino 22% 32% 22% 34% Other Revenue 44% 42% 0.3% (3)% 2 Total Revenue (Ex-US) 7% 15
Slide 17: Reconciliation to Financial Statements in Form 6-K – EBITDA
1 RECONCILIATION TO FINANCIAL STATEMENTS IN FORM 6-K – EBITDA (In Millions) 4Q ’23 Operational EBITDA (Ex-US) 54 Operational EBITDA (US) (18) Consolidated Operational EBITDA 36 Non-Operational Adjustments (2.6) Adjusted 6-K EBITDA 34 Unrealized Foreign Exchange — RSU Expense (4) Recognition of Fair
Slide 18: Detailed Share Count
1 DETAILED SHARE COUNT Shares (millions) Shares Issued and Outstanding 497.9 Unvested Restricted stock units granted to employees 5.1 Fully Diluted Shares 503.0 18 As at 31st December 2023 1
Slide 19: investors@sghc.com
nil Supergroup investors@sghc.com