Meridian Holdings Inc. · NASDAQ:MRDN
Meridian — Golden Matrix Group — FY2024 Earnings Presentation
28 slides from Meridian's earnings presentation, Mar 24, 2025
Slide 1: FY 2024 Earnings Presentation
FY 2024 Earnings Presentation 24 March 2025 YOU CAN BET ON US
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements made in this press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). Words such as “strategy,
Slide 3: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements The forward-looking statements included in this Presentation are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking stateme
Slide 4: Operational Performance
Operational Performance Unstoppable Growth AI-Powered Disruption 2024 was a game-changing Next-gen AI, predictive year, driving broad-based analytics, and real-time expansion, iGaming betting innovations boosted dominance, and record- engagement and lifetime breaking momentum. player value. Strategi
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 6: Financial Highlights - Q4
Financial Highlights - Q4 $50M $45.9M $45M Organic Revenues $40M Growth Rate +81 % $35M $25M 20 % $30M $0M FY-23 FY-24 Revenue grew by 81% to $46 million with an organic revenue growth rate accelerating to 20%.
Slide 7: Financial Highlights - Q4
Financial Highlights - Q4 $26.8M $30M $25M $18.4M Gross Profits $20M +45 % $15M $10M $0M FY-23 FY-24 Gross profit also improved into the fourth quarter, increasing by 45% year-over- year to $26.8 million, demonstrating improving profitability as our offerings continue to scale.
Slide 8: Financial Highlights – Q4
Financial Highlights – Q4 • Net Income declined 207% year-over-year to a net loss of $2 million, primarily due to acquisition related Interest expense of $2.7M, AEBITDA amortization of $1.5M, and restructuring costs of $1.2M, and, as well as stock-based compensation of $1.5M. +69% • Adjusted EBITDA
Slide 9: Financial Highlights – FY24
Financial Highlights – FY24 Revenue Gross Profit AEBITDA +81% +30% +4% Revenue grew by 63% to $151 million. Gross profit rose 30% year-over-year to Net Income declined 111% year-over-year to a net loss of Our organic revenue growth rate for $1.5 million, primarily due to additional amortization of $
Slide 10: Financial Highlights – FY24
Financial Highlights – FY24 Cash On Net Debt Hand Leverage $30M 1.8 Cash and cash equivalents stood at Net debt leverage ratio of 1.8, $30 million, reflecting healthy positioning us for continued liquidity and financial flexibility. investment in high-growth opportunities.
Slide 11: Capital Allocation & Strategic Investments
Capital Allocation & Strategic Investments Strategic growth Technology Operational Shareholder initiatives innovation efficiencies returns Expanding into high-value Investing in AI-driven Enhancing margins and Maintaining a balanced gaming verticals and new personalization and live leveraging cost s
Slide 12: Operating Division Overview
Operating Division Overview R Kings Competitions GM-AG is the industry Australia's Favourite UK & Northern standard Discount Platform Irelands #1 online competition destination A premier provider of An Australia-based gaming technology discount platform offering A leading competition website The Bes
Slide 13: Record Breaking Performance
* Record Breaking Performance • Revenue surged 24% YoY, reaching $28 million (FY23: $23M), driven by organic growth and strong player engagement. • 11M+ tickets sold, up 3% YoY from 10.5M in FY23, reinforcing RKings as a leading U.K. tournament platform. • Organic revenue in fiscal 2024 surged 30%,
Slide 14: Key FY24 Highlights
Key FY24 Highlights $4.7B • Wagering volume surged 84% YoY, reaching $4.7 billion (Q4: +27% $5B to $1.14 billion). $4B • Al-driven customer engagement tools fuelling demand, retention, and platform scalability. $3B • Strong margin expansion, driven by high-demand gaming offerings and a diversified c
Slide 15: Key FY24 Highlights
Key FY24 Highlights • 10,000+ active VIP members, generating $300,000+ in monthly passive income. • Set to surpass 2 million orders in the coming months. • Team doubled in six months, supporting expansion and innovation. • New enhanced website launched to elevate user experience. •
Slide 16: Key FY24 Highlights
Key FY24 Highlights • Cash deposits remained stable at $1.8 million, reflecting consistent player engagement. • Gross Gaming Revenue for Q4 grew 9% to 680k, up from 620k in Q3. • Strategy remains focused on enhancing player acquisition, refining promotional offerings and leveraging AI-driven engagem
Slide 17: Financial Highlights / Operational Milestones
Financial Highlights • Total revenue up 14% YoY, reaching $106 million (FY23: $93M). • Online revenue grew 18% to $80 million (FY23: $68M). • Retail revenue increased 4% to $23 million (FY23: $22M). • Online Casino GGR surged 24% to $43 million (FY23: $34M). • Turnover up 29% YoY to $1.35 billion (F
Slide 18: Scaling Our Proprietary Gaming Portfolio
Scaling Our Proprietary Gaming Portfolio • Total revenue surged 174% YoY, driven by new game launches and strategic partnerships. • Active player base grew 120% YoY, with total spins increasing 145% YoY, reflecting strong retention & engagement. • Game portfolio expanded to 52 proprietary titles, fo
Slide 19: Investment in Tech and AI
Investment in Tech and AI Driving the Future of iGaming Atlas Platform Rollout • Fully transitioned to Atlas, our fifth-generation sports betting & iGaming platform. • Enhanced efficiency, scalability, and user experience. • Delivers a seamless and personalized player journey. AI-Powered Innovation
Slide 20: Sustainable ESG
Sustainable ESG Driving Social Impact • 258 CSR initiatives launched across Europe, Africa, and Latin America. • Focus areas: Healthcare, education, responsible gambling, and sustainability. Key Initiatives • Donations to healthcare centers and breast cancer awareness campaigns. • Meridianbet Founda
Slide 21: Outlook
Outlook Expand Reach Continued expansion into new markets, including Brazil and additional high-growth jurisdictions. Optimizing our capital structure to drive long-term shareholder value. Enhancing AI-driven personalization to increase customer retention and engagement. Expanding our product portfo
Slide 22: Financial Outlook – Q1 2025
Financial Outlook – Q1 2025 Revenue expectation for Q1 of $42 to $45 million, representing a year over year growth rate of 69% to 81%.
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Slide 24: Appendix - Stand-Alone Q-4 Income Statement (Unaudited)
Appendix 1 - Stand-Alone Q-4 Income Statement (Unaudited) Golden Matrix Group, Inc. and Subsidiaries Consolidated Statements of Operations and Comprehensive Income (Loss) Unaudited Three Months Ended December 31, 2024 December 31, 2023 Revenues $45,857,374 $25,268,742 Cost of goods sold (19,065,888)
Slide 25: Appendix 2a - Non-GAAP Financial Measures And Reconciliations
Appendix 2a - Non-GAAP Financial Measures And Non-GAAP Reconciliations In addition to financial measures presented in accordance with U.S. GAAP, we monitor certain non-GAAP key financial measures. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain a
Slide 26: Appendix 2b - Reconciliation Of Net Income to EBITDA and Adjusted EBITDA
Appendix 2b - Reconciliation Of U.S. GAAP Net Income to EBITDA and Adjusted EBITDA (Unaudited) Twelve Months Period Ended Three Months Period Ended 31-Dec-24 31-Dec-23 31-Dec-24 31-Dec-243 Net income (loss) $(1,409,849) $13,894,886 (2,078,868) 2,008,834 + Interest expense 3,521,288 36,163 2,694,240
Slide 27: Appendix 2c - Reconciliation Of Revenue to Organic Revenue
Appendix 2c - Reconciliation Of U.S. GAAP Revenue to Organic Revenue (Unaudited) Organic Revenue’ (in thousands) Q4 2024 Q4 2023 Revenue $45,857 $25,269 Acquired entity revenue (2,554) 10,721 Organic revenue $43,303 $35,990 - Interest income Organic Revenue' (in thousands) 2024 2023 Revenue - as pre
Slide 28: Appendix 3 – Net Debt Leverage
Appendix 3 – Net Debt Leverage Debt $71,017,544 Less: cash and cash equivalents 30,125,944 Net debt 40,891,600 Divided by: annual adjusted EBITDA 22,193,562 Net debt leverage ratio 1.8 - Interest income