Betsson Ab Class B · OMXSTO:BETS_B
Betsson Ab Class B — Q1 2015 Earnings Presentation
32 slides from Betsson Ab Class B's earnings presentation, 2015
Slide 1: Presentation Q1 2015
PRESENTATION Q1 2015 Q1 2015 First quarter revenues grew 24%
Slide 2: Q1 2015 Highlights
Q1 2015 HIGHLIGHTS Revenue +24% ATH Operating income +39% Operating margin 28% Gross turnover, Sportsbook +60% ATH Deposits +43% ATH
Slide 3: Business Update
PRESENTATION Q1 2015 BUSINESS UPDATE
Slide 4: Multibrand & Single Platform
MULTIBRAND & SINGLE PLATFORM Business to Consumers (B2C)) Techsson Business to Business (B2B)
Slide 5: Kroon and Triobet to Techsson
KROON AND TRIOBET TO TECHSSON New registration page New registration page Campaign managing tools for Campaign managing tools for marketing purposes marketing purposes Communication management tools Communication management tools Improved control panel Improved control panel Live c
Slide 6: Revenue Allocation on Techsson
REVENUE ALLOCATION ON TECHSSON* 17% Techsson Platform Other Platforms 83% *Including Triobet (migrated Q2 2015)
Slide 7: Mobile First
MOBILE FIRST 28 percent of total revenues in Q1. A growth of 131 percent Release of new mobile web for Kroon Casino Release of Android app for Nordicbet
Slide 8: Mobile First – Development
MOBILE FIRST – DEVELOPMENT SEK m +131% 250 30% 200 25% 20% 150 15% 100 10% 50 5% 0 0% Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015 Mobile Revenue % of total Revenue
Slide 9: Mobile Sportsbook Turnover
MOBILE SPORTSBOOK TURNOVER 60% 50% 48% 43% 40% 40% 30% 30% 21% 21% 20% 10% 0% Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015
Slide 10: Financial Highlights
PRESENTATION Q1 2015 FINANCIAL HIGHLIGHTS
Slide 11: Q1 Financial Highlights
Q1 FINANCIAL HIGHLIGHTS Revenues of SEK 847.4 (686.0) million (ATH) Total growth of 24 percent Organic growth amounted to 14 percent Figures in brackets refer to the same period last year
Slide 12: Q1 Financial Highlights
Q1 FINANCIAL HIGHLIGHTS EBIT of SEK 238.0 (171.2) million, a growth of 39 percent EBIT margin of 28.1 percent (25.0 percent) Cash by end of period SEK 533.7 million (666.2) Earnings per Share SEK 4.87 (3.52) Figures in brackets refer to the same period last year
Slide 13: Revenues, 24% Growth
REVENUES, 24% GROWTH SEK m 900 847.4 800 700 600 500 400 300 200 100 0 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 14: Re-classifications
RE-CLASSIFICATIONS New Classification Old Classification Income Statements, SEK million Q1 2015 Q1 2015 Q1 2015 Q1 2015 SEK m % of revenue SEK m % of revenue Revenue 847.4 847.4 Cost of services provided -209.8 24.8% -130.5 15.4% Gross profit 637.6 716.9 Marketing expenses -166.2 19.6% -245.5 29.0%
Slide 15: Marketing of Total Revenue (%)
MARKETING OF TOTAL REVENUE (%) 25% 19% 20% 20% 19% 18% 18% 17% 18% 17% 17% 15% 10% 5% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015
Slide 16: Affiliate Cost of Total Revenue (%)
AFFILIATE COST OF TOTAL REVENUE (%) 20% 15% 14% 12% 11% 11% 11% 10% 10% 11% 10% 9% 5% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015
Slide 17: Product and Geographical Split
PRESENTATION Q1 2015 PRODUCT AND GEOGRAPHICAL SPLIT
Slide 18: Revenue per Segment
REVENUE PER SEGMENT 26.1% (23.9%) B2B, Business to business B2C, Business 73.9% to consumers (76.1%) Figures in brackets refer to the same period last year
Slide 19: Revenue per Segment
REVENUE PER SEGMENT Total Organic Actual (SEK m) Growth (%) Growth (%) B2C 626.0 20% 8% B2B 221.5 35% 35% B2C negative SB margin effect B2B positive fx effect
Slide 20: Revenue per Product
REVENUE PER PRODUCT 1.8% (1.3%) Casino 25.7% Poker (27.2%) Sportsbook 3.5% 69.0% (5.0%) (66.5%) Other Figures in brackets refer to the same period last year
Slide 21: Revenue per Geography (B2C)
REVENUE PER GEOGRAPHY (B2C) 1.7% (0.9%) Nordic Region 29.2% Other Europe (19.8%) 68.6% EU, outside Nordic region (78.6%) 0.5% Rest of the world (0.7%) Figures in brackets refer to the same period last year
Slide 22: Key Performance Indicators
PRESENTATION Q1 2015 KEY PERFORMANCE INDICATORS
Slide 23: Sportsbook
SPORTSBOOK SEK m +60% 6 000 9% 8% 5 000 7% 4 000 6% 5% 3 000 4% 2 000 3% 2% 1 000 1% 0 0% Q4 Q1 Q2 Q3 Q4 Q1 2013 2014 2015 Gross turnover Margin after free bets (%)
Slide 24: Deposits – 43% Growth
DEPOSITS – 43% GROWTH SEK m 3 500 3 174 3 000 2 500 2 000 1 500 1 000 500 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015
Slide 25: Active Customers – 3% Growth
ACTIVE CUSTOMERS – 3% GROWTH Thousand 600 500 372 400 300 200 100 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015
Slide 26: Registered Customers
REGISTERED CUSTOMERS Thousand 9 000 7 924 8 000 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015
Slide 27: Legal Update
PRESENTATION Q1 2015 LEGAL UPDATE
Slide 28: Legal Update
LEGAL UPDATE Sweden “Främjandeförbudsutredningen” was presented March 30. However, it is uncertain if it has an impact The Swedish Gambling Authority made Apple to stop new downloads on the Swedish market “Appstore” The re-regulation investigation starts shortly and the re- regulation is expected to
Slide 29: Legal Update
LEGAL UPDATE United Kingdom Betsson received a full UK license March 31 Betsson will focus on the brands Mr. Smith and Betsafe The Netherlands The proposed new Dutch legislation is still in the second chamber in the parliament waiting to be processed. Progress is expected in Q2 2015 but may be furth
Slide 30: Events After Q1
PRESENTATION Q1 2015 EVENTS AFTER Q1
Slide 31: Events After the End of the Period
EVENTS AFTER END OF THE PERIOD The second quarter of 2015 has started with revenues in line with average level of the previous quarter Triobet was migrated to the Techsson platform (completed April 13) There have been no other significant events after the end of the period
Slide 32: Q&A
PRESENTATION Q1 2015 betsson ob Q&A