Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q1 2023 Earnings Presentation
24 slides from Gentoo Media's earnings presentation, May 4, 2023
Slide 1: Q1-23 Interim Report
Q1-23 Interim Report | Gaming Innovation Group Inc 04 May 2023
Slide 2: Q1 Highlights
Q1 ⇢ GiG delivers another successive all-time-high revenues and EBITDA Highlights ⇢ Platform & Sportsbook continued positive delivery with seven additional new clients signed ⇢ Launched the new Enterprise solution for Platform and singed first customer to solution ⇢ Media expands partnership deal wit
Slide 3: All time high quarterly revenues
All time high quarterly revenues Revenues* (MEUR) EBITDA adj. (MEUR) EBIT (MEUR) Revenues EBITDA adj. EBIT +49% Y/Y +75% Y/Y +94% Y/Y 41.1% margin 19.7% margin *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statement, which a
Slide 4: Media business update
Business update MEDIA ⇢ | Q1 2023 - Interim Report 4
Slide 5: Media Services
MEDIA SERVICES Media Services Revenue & EBITDA (MEUR) Revenue EBITDA adj. Q1-2023 ● Media Services reached another all-time quarterly high in revenues, Q1-2023 revenues ended at €18.4m (14.1), up 31% YoY ● Excluding AskGamblers, revenue growth was up 13% YoY ● EBITDA adj. of €8.1m (6.9), up 17% YoY
Slide 6: Media Services - FTDs
MEDIA SERVICES - FTDs Media Services Split between publishing and paid Publishing FTDs Paid ● First Time Depositors (FTD) ended at 110,800 ● 59% increase YoY 110.8 ● ~95% of FTDs on full revenue share or hybrid deals, securing future recurring revenues 69.8 ● Good underlying growth in publishing FTD
Slide 7: Media Services - Revenue split
MEDIA SERVICES Media Services Revenue split Q4-22 Revenue split ● 65% of revenue came from revenue share agreements up from 59% ● US organic traffic increased 76% YoY ● Revenues from the Americas increased 34% YoY, representing 20% of GiG Media revenues in Q1-22, up from 17% in Q1-22 ● LATAM remains
Slide 8: AskGamblers Acquisition
AskGamblers Acquisition ● Askgamblers.com is an award-winning and well-trusted website with strong brand recognition by users ● Transaction completed on January 31st ● Post merger integration plan in place and initial work showing strong results ● Returning assets to MoM growth - up 25% from take ov
Slide 9: Platform & Sportsbook business update
Business update PLATFORM & SPORTSBOOK ⇢ | Q1 2023 - Interim Report 9
Slide 10: Platform & Sportsbook
PLATFORM & SPORTSBOOK Platform & Sportsbook Revenue & EBITDA (MEUR) Revenue EBITDA adj. Q1-2023 ● All-time high revenues for Platform & Sportsbook at €10.0m (5.0), a 100% increase ● 52% organic revenue growth ● Significant increase in adjusted EBITDA of €3.6m (-0.2) YoY ● Strong commercial quarter wi
Slide 11: 39 Clients Live Platform & Sportsbook 60 Brands
39 Clients Live Platform & Sportsbook Integration pipeline ● One brand went live in Q1-23 and four are awaiting client or regulator decision to launch 60 Brands ● Significant delivery pipeline with 21 brands in the integration pipeline continuing to build future revenue and margin expansion ● More th
Slide 12: Platform & Sportsbook SaaS revenues
PLATFORM & SPORTSBOOK SaaS and related revenues (MEUR) Platform & Sportsbook SaaS and Managed Services ● Underlying SaaS and related revenues experience continued strong growth ● Operators GGR are geographically diversified with Operators GGR distribution share from legacy markets decreasing, 64% in
Slide 13: Enterprise Solution
Enterprise Solution ● GiG launched the new Enterprise Solution in March ● Complements the Software-as-a-Service (SaaS) licencing model, enables GiG with a new commercial model to augment its current offering ● Provides technological solution and operational autonomy to clients wishing to modify, enh
Slide 14: Events after the quarter and summary
Events after the quarter and summary ⇢ | Q1 2023 - Interim Report 14
Slide 15: Update after the quarter
Update after the quarter ● Successful launch and completion of migration of all GiG legacy Sportsbook clients to Sportnco solution ● First technical migration of AskGamblers assets completed ● Media strong trend of FTD acquisition continued in April - up 30% YoY ● April has developed positively, wit
Slide 16: Strategic Review
Strategic Review ● Initiated strategic review for the purpose of separating the group into two independent publicly listed companies ● Planning began well in Q1 and focus shifting to a methodical executional phases, to ensure strong best practice in the split exercise ● Proposed split enables each b
Slide 17: Summary
Summary “ ⇢ GiG delivers all-time-high revenues and EBITDA for the quarter ⇢ Good development in pre tax profit and net profit GiG positioned for ⇢ Cash conversion ratio constantly improving, up 36% YoY multiple growth ⇢ GiG has an expanding and diverse geographical footprint supporting the growth acr
Slide 18: Thank you
Thank you Q&A | Q1 2023 - Interim Report 18
Slide 19: Appendix
Appendix | Q1 2023 - Interim Report 19
Slide 20: Largest shareholders: March 2023
Largest shareholders: 31 March 2023 GAMING INNOVATION GROUP INC. 1 13 487 500 10.61 % SkyCity Entertainment Group Limited 2 7 115 491 5.60 % Myrlid AS 3 6 296 998 4.95 % Optimus Invest Limited 4 4 819 018 3.79 % Betplay Capital sp 5 4 752 272 3.74 % Nordea Livsförsäkring Sverige AB 6 4 298 000 3.38
Slide 21: Income Statement
Income Statement EUR 1000 (Unaudited) Q1 2023 Q1 2022 2022 Revenues* 28 419 19 055 90 066 Cost of sales 303 29 858 Gross profit 28 166 19 026 89 208 Marketing expenses 5 687 3 780 18 784 Other operating expenses 10 735 8 556 36 183 Total operating expenses 16 422 12 336 54 967 EBITDA adjusted 11 694
Slide 22: Balance Sheet
Balance Sheet EUR 1000 (unaudited) 31 Mar 2023 31 Mar 2022 31 Dec 2022 Assets Goodwill 91 715 16 302 75 340 Intangibles assets 87 924 31 720 61 020 Deposits and other non-current assets 9 520 12 533 10 190 Total non-current assets 189 159 60 555 146 550 Trade and other receivables 22 610 19 151 23 2
Slide 23: Cash Flow
Cash Flow In EUR 1000 Q1 2023 Q1 2022 2022 Cash flow from operating activities 13 244 3 814 31 839 Cash flow from investing activities -24 615 -2 915 -48 091 Cash flow from financing activities 6 905 7 115 23 004 Translation (loss)/gain -34 -33 -104 Fair value movements - - - Net change in cash and cash
Slide 24: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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