Catena Media Plc · OMXSTO:CTM
Catena Media — Q4 2024 Earnings Presentation
17 slides from Catena Media's earnings presentation, Feb 11, 2025
Slide 1: Q4 Year-End report October-December 2024
Q4 Year-End report October-December 2024 Manuel Stan Mike Gerrow CFO CEO
Slide 2: Overview
Overview → Improved profitability following cost streamlining, but continued challenge from lower revenue → Cost-reduction measures implemented in October are expected to generate annual cost savings of EUR 2.2m → Maintained focus on priority products and implementation of the new operating model →
Slide 3: Financial summary
Financial summary Group Revenue (EURm) NDC’s (‘000s) Continuing ops → Revenue from continuing operations of EUR 10.2m (14.5) → Adjusted EBITDA margin up from 5% in Q2 to 15% in Q4 following 10.2 14.5 25.8 32.0 cost optimisation measures Oct-Dec 2024 Oct-Dec 2023 Oct-Dec 2024 Oct-Dec 2023 → North Ame
Slide 4: Organic search score
Organic search score → Q4 proved challenging for organic search rankings, primarily due to volatility caused by several Google algorithm updates → Overall average keyword ranking score was 5.35 as of 29 December, compared to 4.05 in September → The average score reflects the top rankings for 70+ of
Slide 5: Financials Q4 2024
Financials Q4 2024 5
Slide 6: North America
North America Revenue North (EURm) America → Revenue decreased 28% to EUR 8.9m (12.3) → Adjusted EBITDA of EUR 4.5m, up 4% year-over-year, equal to a 8.9 12.3 margin of 51% – an improvement of 15pp Oct-Dec 2024 Oct-Dec 2023 → North America contributed 87% (85) of group revenue from continuing operat
Slide 7: Rest of the world
Rest of the world Revenue Rest (EURm) of the world Continuing operations → Revenue down 41%, primarily due to weaker performance in Sports and Casino 1.3 2.2 → Adjusted EBITDA of EUR 0.6m, corresponding to a margin of 50% Oct-Dec 2024 Oct-Dec 2023 (43) → In Japan, player engagement and customer chur
Slide 8: Segment performance
Segment performance Segments Continuing operations → Sports revenue from continuing operations down 54%, accounting Sports revenue (EURm) Casino revenue (EURm) for 25% of group revenue. Adjusted EBITDA of EUR -1.1m (-1.9) → Casino revenue from continuing operations down 15%, accounting 2.5 5.4 7.6 9
Slide 9: Cost development
Cost development Cost development¹ Continuing operations → Significantly improved cost base due to streamlining measures implemented to align with new product-led operating model → Total costs reduced by 33% from Q4 2023, and 7% from Q3 2024. Lifting adjusted EBITDA margin from 5% in Q2 to 15% in Q4
Slide 10: Financial position
Financial position EURm 90 4.0 → Net interest-bearing debt (NIBD) down 30% to EUR 12.9m (18.4) 80 3.5 → Net cash position achieved following receipt in February 2025 of final AskGamblers sale proceeds 70 3.0 → Repaid outstanding EUR 10m balance on revolving credit facility 60 2.5 in Q4. 50 → Divestm
Slide 11: Capital structure
Capital structure CURRENT DEBT OVERVIEW AS OF 31 DECEMBER 2024 EUR '000 Bond issue 2021/2025 → Cash and cash equivalents of EUR 8.5m on 31 December ‒ Total bonds issued 27,500 ‒ Repurchased bonds (6,150) → Reported net debt of EUR 12.9m Outstanding bonds 21,350 → Net cash position of EUR 5.6m, exclu
Slide 12: Strategy and outlook Q4 2024
Strategy and outlook Q4 2024 12
Slide 13: Launches in North America
Market penetration* Launches in North America 50% 16% Sports Casino → No material US state launches in Q4 to offset impact of Kentucky launch in prior year period 50% 84% → 2025 expected new market launches: Missouri online sports Yet to regulate Yet to regulate betting expected to go live in the se
Slide 14: Strategic focus areas
Strategic focus areas People Product Profit + Implemented Objectives and Key Results + Improved product performance and + Consecutive quarters improved (OKR) system to create accountability accessibility to align with Google’s best profitability as we reached the highest across the organisation prac
Slide 15: Key takeaways and financial targets
Key takeaways Financial targets → Consecutive quarters improved profitability as we reached the 1. Double-digit organic growth in both revenue and adjusted EBITDA highest adjusted EBITDA margin since Q3 2023 for 2025 and 2026 at group level → Stabilising revenue, returning to growth will take additi
Slide 16: Q&A Q4 2024
Q&A Q4 2024 16
Slide 17: Contact information and upcoming events
Contact information Upcoming events Investor Relations Annual Report 2024 Interim Report Q2 2025 ir@catenamedia.com Week 13 2025 12 August 2025 Manuel Stan, CEO Interim Report Q1 2025 Interim Report Q3 2025 manuel.stan@catenamedia.com 13 May 2025 4 November 2025 Michael Gerrow, CFO Annual General Me