Slide 1: Evolution Year-end Report January-December 2024
Evolution Year-end Report January-December 2024 30th January 2025 CEO, Martin Carlesund CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • Strong momentum in North America, LatAm and Europe • Continued challenges in Asia • 1,700 tables at year-end • Shifting regulatory landscape • EBITDA-margin outlook for 2025: 66-68% • Adjusted earn-out forecast for RNG acquisition • Proposed dividend 2.80 EUR • Share re-p
Slide 3: Highlights in the quarter
Highlights in the quarter Fourth quarter of 2024 (Q4 2023) January-December 2024 (4Q 2023) • Total operating revenues increased by 31.5% to • Total operating revenues increased by 23.1% to EUR EUR 625.3 million (475.3) 2,214.1 million (1,798.6) • Net revenues increased by 12.3% to EUR • Net revenues
Slide 4: Increase in staff
Increase in staff YoY growth Headcount end of period 10.6% 25,000 21,141 20,772 21,252 20,537 20,000 19,221 17,447 17,823 17,026 17,331 15,917 15,297 15,000 14,341 10,000 5,000 0 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 4
Slide 5: Activity in the network
Activity in the network Game Rounds index – All games 500 450 YoY growth +23% 400 376 369 357 350 339 301 300 275 277 254 250 232 203 200 176 153 150 100 50 0 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 5
Slide 6: Ww i | iB AF
Ww i | iB AF Eve @ ROULETTE —s/ive—
Slide 7: Geographic breakdown
Geographic breakdown Revenue per Region Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Group, EUR million 2023 2024 2024 2024 2024 Europe 185.8 191.0 191.3 194.9 201.8 Asia 181.7 197.6 200.7 202.2 202.2 North America 59.1 62.1 60.2 64.8 70.6 LatAm 32.1 33.0 36.6 37.4 38.5 Other 16.6 17.8 19.6 20.2 20.7 Tot
Slide 8: Financial development
Financial development 70.3% 70.7% 70.4% 70.9% 69.3% 69.9% 69.0% 68.6% 69.0% 68.5% 68.1% 68.0% 533.8 508.4 519.4 501.5 475.3 452.6 441.1 429.6 407.5 378.5 355.6 363.6 Net revenues EUR 344.0 337.0 345.8 345.8 million 326.8 311.7 318.6 Adj. EBITDA 300.2 279.5 261.0 Adj. EBITDA, % 229.7 238.2 22Q1 22Q2
Slide 9: P/L detail
P/L detail Oct-Dec Oct-Dec Jan-Dec Jan-Dec Group, EUR thousands 2024 2023 2024 2023 Revenues - Live 459,447 405,557 1,775,734 1,523,274 Revenues - RNG 74,398 69,753 287,351 275,327 Net revenues 533,845 475,310 2,063,085 1,798,601 Other operating revenues* 91,408 - 151,058 - Total operating revenues
Slide 10: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 31/12/ 31/12/ 90% (EUR m) 2024 2023 50 8% Goodwill 2,276.5 2,324.0 350 80% 45 Other non-current assets 963.5 927.2 7% 300 Financial assets measured at amortised 40 70% 100.8 cost 6% 35 250 60%
Slide 11: Outlook
Outlook • Strong product roadmap for 2025 • Continued expansion, 3-4 studios opening during 2025 • Execution of capital returns
Slide 12: Q&A
Q&A