Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (October 2023)
21 slides from Pointsbet's investor presentation, Oct 25, 2023
Slide 1: Q1 FY24 Quarterly Activities Report
Q1 FY24 QUARTERLY ACTIVITIES REPORT Investor Presentation 25 October 2023 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: Continuing Operations Net Revenue Growth FY2019 - FY2024
CONTINUING OPERATIONS1 NET REVENUE GROWTH FY2019 - FY2024 POINTSBET NET REVENUE (A$M) 300 +10-20% 2 250 200 NET REVENUE A$M 150 100 50 0 FY19 FY20 FY21 FY22 FY23 FY24 THE COMPANY ANTICIPATES TO DELIVER POSITIVE GROUP EBITDA IN FY25 1. Continuing Operations Net Revenue includes the Australian Trading
Slide 4: Group Continuing Operations Q1 FY24 Trading Metrics
GROUP CONTINUING OPERATIONS Q1 FY24 TRADING METRICS1 All figures in A$ Q1 FY23 Q1 FY24 PCP Turnover / Handle $632.9m $611.0m (3%) Gross Win Margin % 11.8% 12.3% +0.5pp SPORTS Gross Win $74.6m $75.3m +1% BETTING Net Win Margin % 7.6% 9.0% +1.4pp Net Win $48.0 $55.1m +15% iGAMING Net Win $1.3m $3.0m +
Slide 5: Q1 FY24 Key Highlights
Q1 FY24 KEY HIGHLIGHTS Australia Canada Update on sale of US Business • Total Net Win of $52.8m, up 11% on • Total Net Win of $5.4m, up 212% • Initial Completion was on 31st August PCP on PCP 2023, with first installment of consideration of $USD 175 million • Continued improvement in • Sports Bettin
Slide 6: Australia Q1 FY24 Trading Metrics
AUSTRALIA Q1 FY24 TRADING METRICS All figures in A$ Q1 FY23 Q1 FY24 PCP Turnover / Handle $611.9m $566.9m (7%) Gross Win Margin % 11.9% 12.6% +0.7pp SPORTS Gross Win $73.0m $71.6m (2%) BETTING Net Win Margin % 7.8% 9.3% +1.5pp Net Win $47.5m $52.8m +11% • Net Win contribution from racing was in-line
Slide 7: Canada Q1 FY24 Trading Metrics
CANADA Q1 FY24 TRADING METRICS1 All figures in A$ Q1 FY23 Q1 FY24 PCP Turnover / Handle $20.9m $44.2m +111% Gross Win Margin % 7.6% 8.3% +0.7pp SPORTS Gross Win $1.6m $3.6m +130% BETTING Net Win Margin % 2.1% 5.3% +3.2pp Net Win $0.4m $2.3m +440% iGAMING Net Win $1.3m $3.0m +136% TOTAL Total Net Win
Slide 8: Summary of Quarterly Cash Flows
SUMMARY OF QUARTERLY CASH FLOWS All amounts in A$m1 Q1 FY24 Receipts from customers (inclusive of GST) 58.2 • Total cash receipts from customers was $58.2 million, including $55.1 million from Cost of sales (22.1) Sportsbook and $3.0 million from iGaming. Sales and marketing3 (21.4) Staff costs (12.
Slide 9: Re-iterate Previous FY24 Guidance
RE-ITERATE PREVIOUS FY24 GUIDANCE The company expects The company expects The company expects FY24 TOTAL NET WIN1 FY24 TOTAL MARKETING GROUP EBITDA TO BE AT TO BE 10%-20% HIGHER EXPENSE2 TO BE 15% - OR CLOSE TO BREAKEVEN THAN FY23 20% LOWER THAN FY23 FROM APRIL 2024 THE COMPANY ANTICIPATES TO DELIVE
Slide 10: OddsFactory, Our Journey So Far
ODDSFACTORY, OUR JOURNEY SO FAR Our Odds Factory betting technology simulates millions of potential outcomes in-play to create unique betting opportunities on the world’s favourite sports 1 Oddsfactory delivers each sport back-end advanced technology capability to enable a market leading set of feat
Slide 11: Global Product Update
GLOBAL PRODUCT UPDATE Our In-House Technology is powering our Live Sports Betting offering: • New NFL "Lightning Bets" • New NFL and NBA “To Get” markets Improvements to our industry leading betting experiences and market leading Same Game Multi offering: • Launched Same Game Multi bet trackers for
Slide 12: PointsBet – Momentum in FY24
POINTSBET – MOMENTUM IN FY24 AUSTRALIA CANADA • Clear path to secure top 4 position • Tier 1 sports betting product • TOP LINE GROWTH • Tier 1 sports betting and racing • Growing position in a market with product attractive unit economics • Strong brand recognition • In-play and iGaming • REDUCED CO
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
RELATED PARTY TRANSACTIONS AS PER ASX LISTING RULE 4.7C.3 - $2.6m • Payments of $1.3m 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 $1.3m to Arete Security Inc.
Slide 17: 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 September 2023 Consolidated statement of cash flows Current quarter Year to date (3 $A’000 months) $A’000 1. Ca
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 (3 $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 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 (3 $A’000 months) $A’000 3.4 Transaction costs related to issues of - - equity securities or convertible debt securities 3.5 Proceeds from borrowings - -
Slide 20: Payments to Related Parties and Financing Facilities
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 6. Payments to related parties of the entity and their Current quarter associates $A'000 6.1 Aggregate amount of payments to related parties and their 2,621 associates included in item 1 6.2 Aggregate amount of payments
Slide 21: Compliance Statement
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answ
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