Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q1 2022 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, May 16, 2022
Slide 1: Q1 2022 Results
Exhibit 99.2 ~~ motorsport GAMES Q1 2022 Results May 16, 2022 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2021 Form 10-K and 1st Quarter 2022 Form 10-Q filed with the SEC and Q1 2022 earnings release for more complete
Slide 2: Slide 2
Slide 3: Company Highlights
Company Highlights Px} ) At the center of large, fast-growing motorsport, gaming and esports categories Ba ) Strategic, long-term partnerships with iconic racing brands === motorsport __ \ Leveraging exclusive partnerships for multiple products and revenue ZI Games 22 } streams a ) Pole position in
Slide 4: Q1 2022 Highlights
Q1 2022 Highlights Financial Highlights Q1 Revenues of $3.3M Net loss was $16.0M (including non-cash $9.3M of impairment) Adjusted EBITDA loss was $5.6M* Revenue $3.3M $2.5M g22) 21 Adjusted EBITDA* (S5.6M) (S2.8M) a22 21 Net Loss S16.0M $14.1M gi22 gti EPS ($1.30) ($1.30) Qr22 M21 Key Highlights .
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives and rFactor 2 and optimizing it for Unreal Engine (— Released KartKraft for PC January 26, 2022 full-release >) (xa Games Released rFactor 2 Ul/UXupdate on January 27, 2022 (Gx, IGNITION a ie Released Next Gen car for NASCAR 21: Ignition on February 17, 2022 (_
Slide 6: Q1 2022 Highlights
Q1 2022 Highlights Le Mans Virtual Series Grand Finale. We held the 2-day grand finale esports event for the 5-round 2021/22 Le Mans Virtual Series in January 2022, bringing together 50 cars with 200 drivers from 39 different countries. The series was followed by more than 81 million fans across liv
Slide 7: Q1 2022 Results
Q1 2022 Results MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) Three Months Ended 2022 2021 Revenues 3 3,321,789 S$ 2,474,132 Cost of revenues 2,013,806 781,808 Gross profit 1,307,983 1,692,324 Operating expenses: Sales and marketing 1,688,449 1,024
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Net Loss $ (15,967,045) $ (14,085,424) Interest expense, net 201,596 119,539 Depreciation and Amortization 577,514 136,600 EBITDA (15,187,935) (13,829,285) TPO-related expenses - 2,947,1
Slide 9: Liquidity
Liquidity + As of 3/31/22, the Company had $12.4 million of available cash on hand and no long-term debt. ¢ The Company's Q1 2022 Form 10-0 indicates there is substantial doubt about the Company's ability to continue as a going concern based on the available cash on hand to fund operations over the
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio 2) IGNITION, yz, << a === motorsport 23) Games
Slide 11: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. (“Motorsport Games,” “us,” “our,” “we” or the “Company”). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission the “SEC”), including our Annua
Slide 12: Legal Disclosures
LEGAL DISCLOSURES Non-GAAP Financial Measures Adjusted EBITDA (the “Non-GAAP Measure”) is not a financial measure defined by U.S. generally accepted accounting principles (“U.S. GAAP”). See the reconciliations of the Non-GAAP Measure to its most directly comparable U.S. GAAP measure in the Reconcili