Centric Holdings Sa · ATHEX:CENTR
Centric Holdings Sa — Investor Presentation (September 2010)
36 slides from Centric Holdings Sa's investor presentation, September 2010
Slide 1: Corporate Presentation
Corporate Presentation September 2010
Slide 2: Table of contents
Table of contents Key Figures 3 Group Structure 4 Activities 5 Online Entertainment 6 Online Entertainment Market 16 European Entertainment Market 18 Strategy: Geographic Growth 19 Financial Figures 20 Contact 27 Appendix 28
Slide 3: Key Figures
Key Figures Company Description Stock Data CENTRIC’s core activity is to participate in Category : Medium and Small Capitalization European companies which manage and Sector–Subsector : Personal & Household Goods - Toys promote online entertainment sites. Its subsidiaries cooperate with Sportingbet
Slide 4: Group Structure
Group Structure CENTRIC Group Commercial Online Activity Entertainment 51% 100% 99.69% ECN SEE SPORTS FSM VistaBet LEX Sportingbet Spreads Greek Greek Greek Greek English Croatian Romanian Polish* Slovenian Albanian * Right to Romanian expand Slovak 4
Slide 5: Activities: Online Entertainment Services Group
Activities Online Entertainment Services Group • 51% ECN Management Ltd (UK), ECN Holdings Ltd (Malta) –VistaBet.com in Greek, Romanian and Albanian language –Right to expand the services in 6 additional languages, of 7 South European countries –LexPoker / LexCasino.com in Greek language • 100% SEE
Slide 6: Online Entertainment: SEE Sports Limited
Online Entertainment SEE Sports Limited 100% Centric subsidiary founded in AUG 2007 in Malta Acquired 100% of Sportingbet’s Joint Venture Partner for Sportingbet.gr (Sportingbet.com in Greek), on 10 Sep. 2007 for EUR 22.5 million October 2008: Agreement to expand the online entertainment services in
Slide 7: Online Entertainment: ECN / Vista
Online Entertainment ECN / Vista ECN Management is the main shareholder of Vista Gaming Online Ltd, a UK registered company founded in 2005 and holds the brand “VistaBet”. On 2007 Centric SA acquired 21% of ECN Management for EUR 500,000. On 6Μ 2008 Centric SA acquired a further 30% stake in ECN inc
Slide 8: Online Entertainment: FSM Limited
Online Entertainment FSM Limited November 2009 Centric SA is expanding its operations in the online products and services sector by introducing the financial spreads trading with the platform spreads.gr. Incorporation of the 100% subsidiary FSM Limited, headquartered in Malta. FSM Limited signed an
Slide 9: Organizational structure Sportingbet & VistaBet
Online Entertainment Organizational structure Sportingbet & VistaBet Central Management: London Trading: Guernsey Client Service: Dublin Marketing: Malta 9
Slide 10: Online Entertainment: ECN Brands
Online Entertainment ECN Brands Activities: VistaBet: A full services Sportsbook, Casino, Poker product launched in 2005 and supplied by Sportingbet (LSE: SBT.L) Lex: Initially poker-only service launched in 2007 and supplied by BossMedia (Stockholm: BOSS.ST, subsidiary of GTech). Relaunched in 2009
Slide 11: Overview of Online Entertainment Services: Sportsbook
Online Entertainment Brief Overview of Online Entertainment Services Sportingbet & VistaBet Sportsbook: • Bets mainly on sports 4 Bulk of activity (over 90%) on European football 4 Also Basketball and Tennis • In-running betting feature • Ability for live watch of significant sports events using Liv
Slide 12: Overview of Online Entertainment Services: Casino
Online Entertainment Brief Overview of Online Entertainment Services Sportingbet & VistaBet Casino: • Boss Media software • All popular casino games 4 Bulk of activity on Roulette, Blackjack and Slots • Margin of 3.4% on average • 14% of overall Sportingbet.gr Net Gaming Revenue (19% for VistaBet) •
Slide 13: Overview of Online Entertainment Services: Soft games
Online Entertainment Brief Overview of Online Entertainment Services Sportingbet & VistaBet soft games: • Simple, instant games of chance and/or skill provided by various suppliers ► Backgammon, Babyfoot, High – Low, Bingo etc • This activity is characterized by small bets (from €0.05) and small tur
Slide 14: Overview of Online Entertainment Services: Poker
Online Entertainment Brief Overview of Online Entertainment Services Sportingbet & VistaBet Poker: Poker provided under the “Paradise Poker” brand • Boss Media platform on the INTERNATIONAL POKER NETWORK 6% of Sportingbet.gr Net Gaming Revenue(6% for VistaBet) 14
Slide 15: Responsible operations / Control of activity
Sportingbet, VistaBet Responsible operations / Control of activity Client identification R Ban of under aged players R Game limits R Control for money laundering R Control for compulsive behavior R Ability of opting out players R Operate under strict licensing authority R Corporation with sports org
Slide 16: Online Entertainment Market
Online Entertainment Market Online Entertainment(1) Gross Profit 2007 globally : $ 14.6 bio. Sports betting Casino Poker Games 41% 26% 24% 9% CENTRIC(2) Gross Profit 2009: € 16.9 mil. Sports betting Casino Poker Games 58% 20% 6% 16% (1)Source : Global Gaming Report February 2008 (GBGC) (2) Source: C
Slide 17: Online Entertainment Market: Internet Usage in Europe
Online Entertainment Market Internet Usage in Europe Internet Usage in Europe % Population User Growth EUROPE EUROPE (Penetration) (2000-2009) Spain 71.8% Albania 29900.0% France 69.3% Bosnia-Herzegovina 20485.7% Slovakia 65.3% FYROM 2923.3% Slovenia 64.80% Russia 1359.70% Czech Republic 59.0% Turke
Slide 18: European Entertainment Market
European Entertainment Market (€ bio.) Total Entertainment Market CAGR : 3.7% Online Entertainment Market CAGR : 26.0% 2006 2009 2012 Online Online Online +100% 6 +100% 12 3 8% 4% 14% +11.6% +11.7% 69 77 86 Offline +7.6% 66 Offline +4.2% 96% 71 Offline 92% 74 86% Πηγή: Global Gaming Report February
Slide 19: Strategic Geographic Dispersion
Strategic Geographic Dispersion $16,315 5.46 $7,503 65.3% 22.2 33.4% ► Q4 2008: expansion of cooperation with Sportingbet $24,583 2.0 $5,742 64.8% 7.4 ► October 2008: undertook 44.7% localization and marketing of the $9,800 brand “Sportingbet” domains in $13,913 $4,236 4.5 4.6 0.67 Croatian and Slov
Slide 20: Financial Figures
© CENTRIC Financial
Slide 21: Consolidated Financial Results: Turnover
Consolidated Financial Results Turnover (000. €) 800.000 758.563 700.000 +25,5% 604.571 600.000 500.000 +251,5% 400.000 300.000 200.000 171.998 100.000 +957,2% 0 * * 2007 2008 2009 (*) The financial data of 2007 & 2008 are from continued operations without the discontinued operation of ZILOS Ltd The
Slide 22: Consolidated Financial Results: Income Statement
Consolidated Financial Results Income Statement (000. €) 18.000 (3,8%) (142,9%) 16.000 14.000 12.000 10.000 16.868 (2,4%) 16.243 (220,2%) 8.000 (17,7%) (96,7%) (306,7%) 6.000 (81,6%) 8.942 8.736 (8,0%) (45,5%) (350,6%) 6.688 7.482 6.355 4.000 4.712 (75,7%) 4.364 2.728 1.562 968 2.000 0 * * 2007 2008
Slide 23: Consolidated Financial Results: Profit Margins
Consolidated Financial Results Profit Margins (%) 5,0% 4,0% 3,9% 3,0% 2,7% 2,2% 2,0% 1,6% 1,4% 1,2% 1,1% 1,0% 1,0% 0,9% 0,7% 0,6% 0,6% 0,0% * * 2007 2008 2009 GROSS PROFIT EBITDA EBT EATAM (*) The financial data of 2007 & 2008 are from continued operations without the discontinued operation of ZILOS
Slide 24: Consolidated Financial Results: 6M 2010 Turnover
Consolidated Financial Results (000. €) 6M 2010 Turnover 450.000 400.000 382.761 362.949 350.000 +33,4% +33,4% 300.000 286.944 -5,2% -5,2% 250.000 200.000 150.000 100.000 50.000 0 6M 2008* 6M 2009 6M 2010 (*) The financial data of 2007 & 2008 are from continued operations without the discontinued op
Slide 25: Consolidated Financial Results: 6M 2010 Income Statement
Consolidated Financial Results (000. €) 6M 2010 Income Statement 10.000 9.000 (5,2%) (-5,2%) 8.000 7.000 (-6,1%) 6.000 (-8,4%) (1,5%) (-11,5%) 5.000 8.659 8.505 (-10,0%) 8.083 4.000 (-13,6%) 5.931 5.568 5.100 5.042 4.970 3.000 4.461 3.901 3.510 3.032 2.000 1.000 0 6M 2008* 6M 2009 6M 2010 GROSS PROF
Slide 26: Consolidated Financial Results: 6M 2010 Profit Margins
Consolidated Financial Results (%) 6M 2010 Profit Margins 5,0% 4,0% 2,8% 2,4% 3,0% 2,2% 2,1% 1,7% 1,5% 1,4% 1,4% 2,0% 1,3% 1,2% 0,9% 0,8% 1,0% 0,0% 6M 2008* 6M 2009 6M 2010 GROSS PROFIT EBITDA EBT EATAM (*) The financial data of 2007 & 2008 are from continued operations without the discontinued oper
Slide 27: Key Consolidated figures & Investment ratios
Key Consolidated figures & Investment ratios 2007(*) 2008(*) 2009 SALES (000. €) 171,998 604,571 758,563 EBITDA (000. €) 2,728 8,736 8,942 EBIT (000. €) 2,508 8,405 8,555 EAT&MIN (000. €) 968 4,364 4,712 EPS ¢ 6.0 20.0 18.0 DPS ¢ 0.43 4.35 0.22 DIV YLD % 0.79 7.91 0.40 P/E x 15.19 3.37 3.12 P/BV x 2
Slide 28: Share Data
Share Data ATHEX CENTR REUTERS DESr.AT BLOOMBERG CENTR GA NUMBER OF SHARES 26,751,887 CAPITALIZATION € 14.7 mil. Major Shareholder Own Shares (Rodolfo Odoni) 3.19% 19.97% Shareholders Structure Free Float 76.84% Share Price: € 0.55 (31/08/2010) 25
Slide 29: Share Evolution
Share Evolution Δ% versus ATHEX Volume of transaction 160 1.800.000 140 1.600.000 1.400.000 120 1.200.000 € 2.42 100 1.000.000 80 800.000 60 600.000 40 400.000 20 € 0.55 200.000 0 0 VOLUME ATHEX CENTRIC 26
Slide 30: Contacts
Contacts DIRECTOR OF BUSINESS CEO, CENTRIC S.A. DEVELOPMENT AND INVESTOR RELATIONS - CENTRIC S.A. RODOLFO ODONI VASSILIS NEIADAS rodolfo@centric.gr bneiadas@centric.gr SEE SPORTS LTD: DIRECTOR IOANNIS CAPODISTRIAS: yc@seesportsltd.com CENTRIC MULTIMEDIA S.A. 20 Makriyanni St., Moschato, 18344 Athens
Slide 31: Appendix
© CENTRIC Appendix
Slide 32: Consolidated Financial Results: Income Statement
Consolidated Financial Results Income Statement BASIC FINANCIAL FIGURES FY 2007 FY 2008 6M 2009 FY 2009 6M 2010 (in 000' €) Sales 171,998 604,571 382,761 758,563 362,949 Gross Profit 6,688 16,243 8,505 16,868 8,659 EBITDA 2,728 8,736 5,568 8,942 5,100 EBIT 2,508 8,405 5,387 8,405 4,934 EBT 1,562 6,3
Slide 33: Consolidated Financial Results: Balance Sheet
Consolidated Financial Results Balance Sheet 01/01- 01/01- 01/01- 01/01- (in .000 €) 31/12/2007 31/12/2008 31/12/2009 30/06/2010 ASSETS Fixed Assets 27,291 31,261 36,983 36,931 Other Assets 16,339 14,800 17,740 19,006 TOTAL ASSETS 43,630 46,061 54,723 55,937 EQUITY & LIABILITIES Long term Liabilitie
Slide 34: Brief History
Brief History Representation and distribution of game Distribution of Rename to Centric 1995 consoles in Greece 1997-1998 X-Box 2002 Multimedia S.A. 1996 The Company enters 2001 Listing of the Company 2003 the Home to the Derivative Stock Entertainment market market of the Athens Stock Exchange • Sa
Slide 35: Disclosure Statement
Disclosure Statement Some of the information in this presentation contains forward-looking statements within the meaning of securities laws. All forward-looking statements address matters that involve risk and uncertainties and there are many important risks. uncertainties and other factors that cou
Slide 36: THANK YOU
THANK YOU
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