Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (July 2023)
20 slides from Pointsbet's investor presentation, Jul 28, 2023
Slide 1: Q4 FY23 Quarterly Activities Report
Q4 FY23 QUARTERLY ACTIVITIES REPORT Investor Presentation 28 July 2023 1 1
Slide 2: Important Notice and Disclaimer
Q4 FY23 QUARTERLY IMPORTANT NOTICE AND DISCLAIMER This document and any oral presentation accompanying it has been Therefore, there can be no assurance that such forecasts, forward Disclosures in this document, the accompanying presentation or any prepared in good faith, however, no express or impli
Slide 3: Q4 FY23 Key Highlights
Q4 FY23 QUARTERLY Q4 FY23 KEY HIGHLIGHTS • Delivered strong Group Net Win of $102m, up 19% on PCP • Shareholder approval of Sale of the US Business to Fanatics Betting & Gaming on 30 June 2023 • Australia Net Win up 1% on the PCP to $55.6m o Headline consideration of US$225m/AUD$333m1 • Canada Net W
Slide 4: Group Q4 FY23 Trading Metrics
Q4 FY23 QUARTERLY GROUP Q4 FY23 TRADING METRICS1 Remaining Operations SaleCo Group All figures in A$ Q4 FY22 Q4 FY23 PCP Q4 FY22 Q4 FY23 PCP Q4 FY22 Q4 FY23 YoY Turnover / Handle2 $614.6m $544.8m (11%) $687.9m $524.4m (24%) $1,302.5m $1,069.1m (18%) Gross Win Margin % 13.0% 13.9% +0.8pp 6.1% 8.2% +2
Slide 5: Group FY23 Trading Metrics
Q4 FY23 QUARTERLY GROUP FY23 TRADING METRICS1 SaleCo Group All figures in A$ FY22 FY23 PCP FY22 FY23 PCP FY22 FY23 YoY Turnover / Handle $2,552.4m $2,827.3m 11% $2,454.0m $2,917.2m +19% $5,006.3m $5,744.6m 15% Gross Win Margin % 13.3% 11.4% (1.9pp) 6.5% 6.7% +0.2pp 9.9% 9.0% (1.0pp) SPORTS Gross Win
Slide 6: Australia Q4 FY23 and FY23 Trading Metrics
Q4 FY23 QUARTERLY AUSTRALIA Q4 FY23 AND FY23 TRADING METRICS All figures in A$ Q4 FY22 Q4 FY23 PCP QoQ FY22 FY23 YoY Turnover / Handle $598.6m $502.3m (16%) (13%) $2,536.4.m $2,632.6m 4% Gross Win Margin % 13.3% 14.4% +1.1pp +2.3pp 13.3% 11.7% (1.6pp) SPORTS Gross Win $79.5m $72.3m (9%) +3% $338.4m
Slide 7: Canada Q4 FY23 and FY23 Trading Metrics
Q4 FY23 QUARTERLY CANADA Q4 FY23 AND FY23 TRADING METRICS1 All figures in A$ Q4 FY22 Q4 FY23 PCP QoQ FY22 FY23 YoY Turnover / Handle $16.0m $42.5m +166% (17%) $16.0m $194.8m +1,120% Gross Win Margin % 4.2% 7.7% +3.6pp (0.1pp) 4.2% 6.4% +2.2pp SPORTS Gross Win $0.7m $3.3m +394% (18%) $0.7m $12.4m +1,
Slide 8: US Q4 FY23 and FY23 Trading Metrics
Q4 FY23 QUARTERLY US Q4 FY23 AND FY23 TRADING METRICS1 All figures in A$ Q4 FY22 Q4 FY23 PCP QoQ FY22 FY23 YoY Turnover / Handle $687.9m $524.4m (24%) (36%) $2,454.0m $2,917.2m +19% Gross Win Margin % 6.1% 8.2% +2.1pp +1.4pp 6.5% 6.7% +0.2pp SPORTS Gross Win $41.9m $43.1m +3% (23%) $158.7m $194.5m +
Slide 9: Summary of Quarterly Cash Flows
Q4 FY23 QUARTERLY SUMMARY OF QUARTERLY CASH FLOWS All amounts in A$m1 Q4FY23 Q3FY23 • At 30 June 2023, the group had $194.6m of Corporate Cash, with Receipts from customers (inclusive of GST) 105.9 108.9 Adjusted Corporate Cash4 of $202.1m Cost of sales (56.7) (55.5) Sales and marketing3 (36.1) (69.
Slide 10: Update on the Sale of the US Business to Fanatics and Proposed Distributions
Q4 FY23 QUARTERLY UPDATE ON THE SALE OF THE US BUSINESS TO FANATICS BETTING AND GAMING AND THE PROPOSED DISTRIBUTIONS • Since the successful shareholder vote on 30 June 2023, the PointsBet and Fanatics teams have been engaging well on the transitionary requirements and on the integration of the Poin
Slide 11: Remaining Operations: Setup for Success
Q4 FY23 QUARTERLY REMAINING OPERATIONS: SETUP FOR SUCCESS Technology Australia Trading Canada Trading Tier 1 global platform1 FY23 Net Win – A$211.7m FY23 Net Win – A$18.3m • Pre-game and in-play sport • Tier 1 sports betting & racing • Tier 1 sports betting product • OddsFactory formerly Banach, ma
Slide 12: Remaining Group Operations – Australia and Canada: FY24 Outlook
Q4 FY23 QUARTERLY REMAINING GROUP OPERATIONS – AUSTRALIA AND CANADA: FY24 OUTLOOK • Well capitalised and a highly experienced global gaming team • The Company currently expects FY24 total Net Win1 to be 10%-20% higher than FY23 • The Company currently expects FY24 total marketing expense2 to be 15%
Slide 13: Q&A
Q&A 13
Slide 14: Appendix
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Slide 15: Related Party Transactions as Per ASX Listing Rule 4.7C.3
Q4 FY23 QUARTERLY RELATED PARTY TRANSACTIONS AS PER ASX LISTING RULE 4.7C.3 - $1.34m • Payments of $0.68m 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 $0.66m t
Slide 16: Appendix 4C Quarterly Cash Flow Report
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 30 June 2023 Consolidated statement of cash flows Current quarter Year to date (12 $A’000 months) $A’000 1. Cash f
Slide 17: 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 (12 $A’000 months) $A’000 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) businesses (net of cash acquired)
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 (12 $A’000 months) $A’000 3.9 Other (provide details if material) Principal (1,475) (5,210) repayment of Lease Liability 3.10 Net cash from / (used in) f
Slide 19: 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 20: Compliance Statement
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 a
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