Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q3 2023 Earnings Presentation
16 slides from Super Group (sghc)'s earnings presentation, Nov 9, 2023
Slide 1: 3Q 2023 Earnings Review
3Q 2023 Earnings Review November 9, 2023
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited
Slide 3: Agenda
Agenda 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview
Slide 5: 3Q23 Overview: Strategic Objectives and Quarterly Highlights
3Q23 OVERVIEW: STRATEGIC OBJECTIVES AND QUARTERLY HIGHLIGHTS Strategic Objectives: Optimization of Global Effective Management of Continued Profitability Investment for Growth Footprint Capital Structure 3Q23 Highlights: €349m €64m 18% 4.0m Business Ex-US €245m 2 Operational EBITDA Average Unique Mo
Slide 6: Net Revenue by Geography: Continued Global Diversification
1 NET REVENUE BY GEOGRAPHY : CONTINUED GLOBAL DIVERSIFICATION 3Q 2022 3Q 2023 13% 16% 16% 21% 23% 29% 39% 43% Europe Africa Americas RoW 6 1 Charts exclude US operations
Slide 7: Net Revenue by Brand and Product: Underpinned by Strong Casino Offering
1 NET REVENUE BY BRAND AND PRODUCT : UNDERPINNED BY STRONG CASINO OFFERING 3Q 2022 3Q 2023 3Q 2022 3Q 2023 19% 30% 46% 44% 54% 56% 70% 81% Online Casino: 65% Online Casino: 64% Online Casino 2 Fixed Odds Contingencies : 5% 2 Fixed Odds Contingencies : 17% Online Sports Betting 1 Charts exclude US op
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 9: Total Revenue (Ex-US)
1,2,3 TOTAL REVENUE (EX-US) 2023 Total Revenue Guidance: €1.350bn 3Q23 TOTAL REVENUE (EX-US) WAS €349M,+13% (+27% cc) YOY Guidance: Net Revenue increased +12% (+26% cc) to €339m €1,326m €1,350m • Highest ever Net Revenue achieved in a third quarter €1,296m €340m Sports Betting Revenue Online Casino
Slide 10: Operational EBITDA (Ex-US)
1,2 OPERATIONAL EBITDA (EX-US) 2023 Operational EBITDA Guidance: at least €240m 3Q23 OPERATIONAL EBITDA (EX-US) WAS €64M, +29% YOY Operational EBITDA Margin was 18% • Achieved scale in existing markets coupled with the realization of cost synergies €302m Guidance: Direct Expenses increased +13% to €
Slide 11: Appendix
APPENDIX
Slide 12: Financial Results, Operating Basis (Ex-US)
1 FINANCIAL RESULTS, OPERATING BASIS (EX-US) Quarter YTD EUR (Millions) 1Q ’23 2Q ’23 3Q ’23 1Q ‘22 2Q ‘22 3Q ‘22 4Q ’22 Sep-23 Sep-22 Net Revenue (Ex-US) 321 364 339 315 316 302 322 1,024 933 Sports Betting 82 95 65 100 102 90 86 242 292 Fixed Odds Contingencies 2 37 49 58 10 9 15 27 144 34 Online
Slide 13: Net Revenue: Constant Currency Analysis
1 NET REVENUE: CONSTANT CURRENCY (‘CC’) ANALYSIS Q3-23 SEP-YTD EUR (Millions) YoY % CHANGE YoY CC % CHANGE YoY % CHANGE YoY CC % CHANGE Net Revenue (Ex-US) 12% 26% 10% 21% Sports Betting (28)% (19)% (17)% (6)% 2 Online Casino 29% 46% 22% 34% Other Revenue 50% 48% (10)% (13)% 3 Total Revenue (Ex-US)
Slide 14: Reconciliation to Financial Statements in Form 6-K – EBITDA
1 RECONCILIATION TO FINANCIAL STATEMENTS IN FORM 6-K – EBITDA (In Millions) 3Q ’23 Operational EBITDA (Ex-US) 64 Operational EBITDA (US) (10) Consolidated Operational EBITDA 54 Non-Operational Adjustments (0.5) Adjusted 6-K EBITDA 53 Unrealized Foreign Exchange 1 RSU Expense (6) Recognition of Fair
Slide 15: Detailed Share Count
DETAILED SHARE COUNT Shares (millions) Shares Issued and Outstanding 497.9 Unvested Restricted stock units granted to employees 5.3 Fully Diluted Shares 503.2 15
Slide 16: investors@sghc.com
nil Supergroup investors@sghc.com