Betsson Ab Class B · OMXSTO:BETS_B
Betsson Ab Class B — Q1 2023 Earnings Presentation
13 slides from Betsson Ab Class B's earnings presentation, Apr 27, 2023
Slide 1: Q1 2023 Presentation of results
Q1 2023 Presentation of results
Slide 2: Outline
OUTLINE ▪ Highlights ▪ Business update ▪ Regulatory update ▪ Financials ▪ Trading update Martin Öhman Pontus Lindwall President & CEO, CFO, Betsson AB ▪ Summary Betsson AB ▪ Q&A 2
Slide 3: Q1 2023 Key Figures
Q1 2023 KEY FIGURES CUSTOMER REVENUE EBIT ACTIVE DEPOSITS EBIT CUSTOMERS 222 MEUR 43 MEUR MARGIN 1,148 +30% YoY +82% YoY 19.4% 1.1M +38% organic -11% YoY MEUR +47% YoY SPORTSBOOK CASINO SPORTSBOOK SPORTSBOOK CASINO REVENUE REVENUE TURNOVER MARGIN TURNOVER +40% +19% 8.0% +51% +37% YoY YoY YoY YoY Mar
Slide 4: Our Markets – Some Activities
OUR MARKETS – SOME ACTIVITIES EXISTING MARKETS NEW MARKETS B2B M&A Italy: Continued high marketing activity. Chile: ATP 250 Chile Open main sponsor StarCasino Sport: VAR partner for Serie B Argentina: Colombia: new High marketing activity. brand ambassador – Cordoba license obtained, Sara Uribe - a
Slide 5: Product & Technology Development
PRODUCT & TECHNOLOGY DEVELOPMENT Cloud migration and native app development continued Launched Betsafe in Continued Ontario, Canada development of Android and iOS sportsbook and native apps platform to support B2B offering 5
Slide 6: Regulatory Update
REGULATORY UPDATE NORWAY PERU BRAZIL NETHERLANDS CHILE Dialogue ongoing with Regulation still being Government now Regulatory uncertainty Total advertising - ban the NGA. delayed due to recent preparing to onlinefor operators gamblingcan no to be Implementation of political implement the new longer
Slide 7: Development and KPIs
DEVELOPMENT AND KPIs 250 Revenue (MEUR) +30% ATH revenue of Customer deposits (MEUR) 200 221.9 MEUR 1 400 +47% +38% organic 1 200 150 YoY 1 000 800 100 600 400 50 200 0 0 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Active cu
Slide 8: Revenue Development by Region YoY
REVENUE DEVELOPMENT BY REGION YOY +30% +38% 1 13 8 RoW 40 2% Nordics 5 2 23% CEECA 235 42% MEUR 222 170 Latin America 21% Western Europe 12% Q1 22 Nordics Western CEECA LatAm Rest of Q1 23 FX and M&A Q1 23 revenue Europe world reported effects organic revenue revenue 8
Slide 9: EBIT Development YoY
EBIT DEVELOPMENT YOY +82% MEUR Q1 2023 Q1 2022 EBIT EBIT Margin Margin 13.9% 19.4% Revenue 222 170 11 9 Gross profit 148 107 MEUR 52 7 2 4 Gross margin 66.5% 62.9% 43 Opex 105 84 24 Q1 22 EBIT Revenue Cost of Marketing Personnel D&A Other Costs Q1 23 EBIT EBIT 43 24 Services Sold Expenses Expenses 9
Slide 10: Cash Flow & Financial Position
CASH FLOW & FINANCIAL POSITION — Operating cash flow MEUR Q1 2023 Q1 2022 — Increased EBIT drives higher cash flow YoY — Slightly negative impact from working capital due to Operating cash flow 48.8 26.9 increased accounts receivable following increased B2B revenue Cash flow from investing -10.2 -9.
Slide 11: Q2 2023 Trading Update
Q2 2023 TRADING UPDATE* Average daily revenue up to and including 23 April was 26% higher than the average daily revenue of the full quarter in Q2 2022. The sportsbook margin has been in line with the historical average. The average organic daily revenue was 35% Q2 higher than the average daily reve
Slide 12: Summary Q1
SUMMARY Q1 ▪ Again ATH revenue and EBIT for the Group ▪ 38% organic revenue growth Y/Y ▪ Record turnover and revenue in casino ▪ CEECA and Latin America growth drivers ▪ ATH in customer deposits ▪ B2B continues to perform well ▪ Scalable model drives improved profitability ▪ Strong balance sheet and
Slide 13: Thank You
betsson ab THANK YOU TIME FOR Q&A