Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (January 2024)
21 slides from Pointsbet's investor presentation, Jan 31, 2024
Slide 1: Q2 FY24 Quarterly Activities Report
Q2 FY24 QUARTERLY ACTIVITIES REPORT Investor Presentation January 2024 N B C U N I V E R S A L M E D I A P A R T N E R S H I P & F Y 2 0 R E S U L T S P R E S E N T A T I O N │ A U G U S T 2 0 2 0 1
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This document and any oral presentation accompanying it has been Therefore, there can be no assurance that such forecasts, forward The information contained in this document (including tables) has not prepared in good faith, however, no express or implied representati
Slide 3: Q2 FY24 Key Highlights: A Record Net Win Quarter for Australia and Canada
Q2 FY24 KEY HIGHLIGHTS: A RECORD NET WIN QUARTER FOR AUSTRALIA AND CANADA Australia Canada Corporate • Total Net Win of $59.5m, up 3% vs • Total Net Win of $10.5m, up 109% • Ownership of 13 out of 14 US state the PCP, a record quarter vs the PCP, up 95% QoQ, a record legal entities have transferred
Slide 4: Group Continuing Operations Q2 FY24 Trading Metrics
GROUP CONTINUING OPERATIONS Q2 FY24 TRADING METRICS1 All figures in A$ Q2 FY23 Q2 FY24 PCP Turnover / Handle2 $1,018.9m $976.4m (4%) Gross Win Margin % 9.5% 9.7% +0.2pp SPORTS Gross Win3 $97.0m $94.4m (3%) BETTING Net Win Margin % 5.9% 6.5% +0.6pp Net Win4 $59.8 $63.5m +6% iGAMING Net Win $2.9m $6.4
Slide 5: Australia Q2 FY24 Trading Metrics and Commentary
AUSTRALIA Q2 FY24 TRADING METRICS AND COMMENTARY All figures in A$ Q2 FY23 Q2 FY24 PCP Turnover / Handle $938.5m $901.6m (4%) Gross Win Margin % 10.0% 9.8% (0.2pp) SPORTS Gross Win $93.5m $88.1m (6%) BETTING Net Win Margin % 6.2% 6.6% +0.4pp Net Win $57.7m $59.5m +3% Record Net Win Quarter • Net Win
Slide 6: Australia Q4 FY24 – Promotions, Marketing and Client Mix Strategy
AUSTRALIA Q4 FY 24 – PROMOTIONS, MARKETING AND CLIENT MIX STRATEGY More efficient promotions spend Improved mix of Cash Active Clients • Promotions efficiency in Q2 FY24 continued to improve • Cash Active Clients1 were 218,288 at 31 December at 32.5% of Gross Win vs 38.2% in the PCP 2023, down 7% vs
Slide 7: Canada Q2 FY24 Trading Metrics
CANADA Q2 FY24 TRADING METRICS1 All figures in A$ Q2 FY23 Q2 FY24 PCP Turnover / Handle $80.4m $74.8m (7%) Gross Win Margin % 4.4% 8.5% +4.1pp SPORTS Gross Win $3.5m $6.4m +81% BETTING Net Win Margin % 2.6% 5.4% +2.8pp Net Win $2.1m $4.0m +94% iGAMING Net Win $2.9m $6.4m +119% TOTAL Total Net Win $5
Slide 8: Canada Q2 FY24 Trading Commentary
CANADA Q2 FY24 TRADING COMMENTARY Sports Betting • Record Net Win quarter • Sports betting gross win margin improved to 8.5%, as a result of growth in parlay handle mix • Sports betting promotions efficiency in Q2 FY24 improved to 36.7% of Gross Win vs 40.9% vs PCP • In-play mix of sportsbook handle
Slide 9: PointsBet Canada + Strive Gaming
POINTSBET CANADA + STRIVE GAMING What Customers Will See: • Vastly increased game selection, 3x • More flexible & powerful promotions capabilities • Progressive Jackpots and improved engagement tools Key Benefits: • Enhanced acquisition of casino-first customers • Higher gross win margins • Improved
Slide 10: Total Cash Receipts and Corporate Cash
• Total cash receipts from customers were $69.9 million, including $63.5 million from Sportsbook and $6.4 million from iGaming. • First quarter of positive operating cash flows5 in the Company’s history of $0.1 million. The Company expects total operating cash flows5 for H2 FY24 to be positive. • Pa
Slide 11: Re-Iterate Previous Guidance and Provide FY24 Normalised EBITDA Guidance
RE-ITERATE PREVIOUS GUIDANCE AND PROVIDE FY24 NORMALISED EBITDA5 GUIDANCE The Company expects The Company expects FY24 TOTAL NET WIN1 FY24 NORMALISED TO BE 10%-20% HIGHER OPERATING EXPENSES3 THAN FY23 (EXCL. MARKETING EXPENSE) TO BE BETWEEN $60 - $70 MILLION The Company expects The Company expects T
Slide 12: Group Continuing Operations H1 FY24 Trading Metrics
GROUP CONTINUING OPERATIONS H1 FY24 TRADING METRICS1 All figures in A$ H1 FY23 H1 FY24 PCP Turnover / Handle $1,651.8m $1,587.4m (4.0%) Gross Win Margin % 10.4% 10.7% +0.3pp SPORTS Gross Win $171.6m $169.7m (1%) BETTING Net Win Margin % 6.5% 7.5% +0.9pp Net Win $107.8 $118.6m +10% iGAMING Net Win $4
Slide 13: Thank you
Thank you https://investors.pointsbet.com.au/ 13
Slide 14: Q&A
Q&A POINTSBET
Slide 15: Appendix
Appendix POINTSBET
Slide 16: Related Party Transactions as per ASX Listing Rule 4.7C.3 - $0.70m
RELATED PARTY TRANSACTIONS AS PER ASX LISTING RULE 4.7C.3 - $0.70m • Payments of $0.67m for Salaries and Wages (inclusive of Superannuation and applicable taxes withheld) of Key Management Personnel and of Executive Directors and Non-Executive Directors Fees. • Payments of $0.03m to Arete Security I
Slide 17: Appendix 4C Quarterly Cash Flow Report for Entities Subject to Listing Rule 4.7B
Rule 4.7B Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity PointsBet Holdings Limited ABN Quarter ended (“current quarter”) 68 621 179 351 31 December 2023 Consolidated statement of cash flows Current quarter Year to date (6 $A’000 months) $A’000 1. Cas
Slide 18: Consolidated Statement of Cash Flows
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date (6 $A’000 months) $A’000 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) businesses – Sale of US Business5 (
Slide 19: Consolidated Statement of Cash Flows
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date (6 $A’000 months) $A’000 3.9 Other (provide details if material) Principal (233) (631) repayment of Lease Liability 3.10 Net cash from / (used in) financ
Slide 20: Appendix 4C Financing Facilities
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 7. Financing facilities Total facility Amount drawn at Note: the term “facility’ includes all forms of financing amount at quarter quarter end arrangements available to the entity. end $A’000 Add notes as necessary for
Slide 21: Appendix 4C Compliance Statement
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. 3
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