Ebet, Inc. · OTC:EBET
Ebet — Esports Technologies — Investor Presentation (October 2021)
36 slides from Ebet's investor presentation, Oct 1, 2021
Slide 1: Investor Presentation September 2021
Investor Presentation September 2021 Go. Game. Win. Esports Technologies
Slide 2: Legal Disclaimer
LEGAL D I S CLA I M ER This presentation (the “presentation”) has been prepared for use by Esports Technologies, Inc . (“Esports Tech”) in connection with their proposed offering . This presentation is for information purposes only and is being provided to assist interested parties in making their o
Slide 3: Introduction
Introduction
Slide 4: EBET's Experienced, Expert Management Team
5 EBET’s Experienced, Expert Management Team Jim Purcell CFO 25 years of financial experience Bart Barden COO 25 years of industry experience Dennis Neilander Board Member Former Chairman of Nevada State Gaming Control Board Accolades: - Named to the Best Lawyers in America in Gaming Law for 2015 –
Slide 5: Esports Technologies Overview
6 Esports Technologies Overview Founded 2016 Headquarters Las Vegas, NV Employees 46 Nasdaq IPO April 2021 EBET Stock Price $31.59 Shares Outstanding 13.4 million Market Capitalization $423.6 million Innovative Real Money Esports Wagering Platform Operates an online esports/sportsbook focused on gam
Slide 6: Target: Aspire Global B2C iGaming Division
7 Target: Aspire Global B2C iGaming Division B2B Products Casino S po r ts Aspire Global is a leading B2B and B2C provider of iGaming solutions. Aspire is divesting its B2C assets in order to focus on and invest in its B2B platform offering. Founded 2005 Headquarters Sliema, Malta Employees ~500 Tic
Slide 7: Transaction Terms and Acquisition Rationale
8 A s pi r e B 2C GN OG A s pi r e B 2C R S I A s pi r e B 2C R S I Transaction Terms Acquisition Rationale and Terms ▪ Opportunity to acquire highly respected B2C platform for ~1x revenue, a discount to trading peers ▪ Access to a 1.2M+ player database across 145+ countries ▪ Properties producing ~
Slide 8: Synergies Drive Immediate Scale and Expansion
9 Synergies Drive Immediate Scale and Expansion Combination provides unique profile: Globally scaled, B2C platform with diversified product offering experiencing high growth and profitability + Geographic Presence: Asia Europe, North America Global Platform Focus: B2C B2C Pure Play B2C Core Product:
Slide 9: Gaming Market Overview
Gaming Market Overview
Slide 10: Market Opportunity: Implied Esports Betting TAM Analysis
11 Market Opportunity Market Opportunity Implied Esports Betting TAM Analysis Source: Wall Street Research, Newzoo $64 Billion A nnu al Le g al Wagers E SPOR TS 5% to 8% Take Rate at $3.2 - $5.1B Market Opportunity i m p lies 160 Million with 80 Million implies Regular Viewers Hardcore Viewers $20 -
Slide 11: Select Tournaments, Teams and Games
12 Select Tournaments Esports Competitions Select Teams Select Games
Slide 12: Target Audience
13 Target Audience Avid Esports Bettor Russell Age 35 Management Level Professional $100k Income ”I have been playing in Fantasy Sports Leagues and DFS for several years and love watching the NBA and NFL. I own a PS5 console and like to play games with my kids and to be social. I would be interested
Slide 13: iGaming and Sports Betting Market
14 30 - 39, 23% 40 - 49, 21% 50 - 59, 17% Global iGaming Demographic by Age 60+, <30, 20% 20% iGaming and Sports Betting Market The iGaming Industry represents the betting on casino games or events over the internet, which includes online sports betting (“OSB”), online casino gambling and other skil
Slide 14: Sports Betting TAM by Country
Netherlands Market: Similar to Germany with NL branding being slightly stronger; great land grab opportunity as first group of regulated operators UK Market: Competitive market but immediate growth opportunities based on new brands already exhibiting strong growth + affiliate strength and cross sell
Slide 15: Esports Technologies Overview
Esports Technologies Overview
Slide 16: Esports Technologies Overview: Leadership, Product, Passion, Partnerships
17 Esports Technologies Overview LEADERSHIP AND EXPERIENCE Our executives have decades of experience leading businesses and have assembled an extended team with experience at the top iGaming, Fortune 500 companies and marketing agencies. PRODUCT Our current product platform and services provide more
Slide 17: Company Timeline
18 Company Timeline 2020 2021 - H1 2021 - H2 2022 2017 • Esports T e chno lo g ie s • O p t i m i z e GoGawi • Product and Platform Investment • IPO • Scaling GoGawi • Liquidity for M&A • E S G / B r o w se r Bet/Odds • M&A • Aspire Global Platform • Regulated Market Access • MGA License • Esportsbo
Slide 18: Next Gen Esports-Focused Product Platform
19 Next Gen Esports - Focused Product Platform E x c h a n g e Software • Real - time Exchange • API - Supported Sportsbook betting platform • Allows for large volume betters and wager operators E s p o rt s G a m es (Free to Play) • Fun and Free to Play Prediction Game • Educational Esports Match a
Slide 19: Aspire Global B2C Synergies
Aspire Global B2C Synergies
Slide 20: Aspire's Complementary B2C Product Overview
21 Aspire’s Complementary B2C Product Overview B r a nds : Products / Platform: Combination Results in Unprecedented Diversified Product Offering Esports Betting O n li n e C asi no Traditional Sports Betting NGR % 62% 19% 13% 3% 2% 2% (D K)
Slide 21: Synergies Drive Immediate Scale and Expansion
22 Synergies Drive Immediate Scale and Expansion Geographic Presence: Southeast Asia Brazil North America Europe Africa Countries: 4 Countries 26 Countries (1) Player Database: 68,000+ Verified Depositors 1,200,000+ Verified Depositors Aspire Adds Regulated Market Access in Key Geographies with an E
Slide 22: Innovative, Leading Edge Product Team
23 Innovative, Leading Edge Product Team Ideal Combination of Technology, Scale and Operations Excellence Revenue Scale with Lean Overhead Operational Expertise and Market Access of Aspire B2B Headcount Synergies Pro Forma Senior Management 6 1 7 Sales & Marketing 17 8 25 Research & Development 17 1
Slide 23: Roadmap to Acquisition Integration
24 Roadmap to Acquisition Integration Staffing • Full search engine optimization capable team and leadership • Full affiliate team and leadership • Expanded pay per click, design and partnerships team Optimised Affiliate Performance • Eaffiliates.com • Optimization of existing affiliate database • N
Slide 24: Growth Strategy
Growth Strategy
Slide 25: Growth Strategy
26 Growth Strategy Worldwide growth through product development, brand recognition and acquisitions I nt e g r at e Aspi r e ’ s ass e ts and utilize synergies to expand offerings Continue to build innovative first mover esports betting platform
Slide 26: Aspire Transaction Value
27 Aspire Transaction Value 1.2M Paying Customers Accelerated E spo rt s P a y ing Customer Growth via Cross - Selling Regulated Market Access for B2C Improved Funnels f or Gogawi.com Accele r a t ing Launch for Esportsbook.com Distribution for Esports IP via Aspire Platform Accelerated Licensing an
Slide 27: Regional Growth Strategies
28 Regional Growth Strategies NORTH AMERICA Partner quickly to secure licenses and/or skins before esports is officially regulated and begin growing user base Build up engaged, convertible audience with superior free to play experience WESTERN EUROPE & AUS Grow and expand in regions via acquisitions
Slide 28: Aspire B2C Financial Overview
Aspire B2C Financial Overview
Slide 29: Aspire Contributes Significant Growth and Profitability
30 $ 3.6 $ 4.5 1 H '20 1 H '21 $ 1.9 $ 2.5 5 Q2' 2 0 Q2' 2 1 $ 1.7 $ 2.0 Q1' 2 0 Q1' 2 1 2021 H1 YOY Growth Aspire Contributes Significant Growth and Profitability ($ in millions) Q2'20 Q2'21 Aspire’s Historical B2C Quarterly EBITDA Aspire’s Historical B2C Gross Quarterly Revenue 2021 Q1 YOY Growth
Slide 30: Aspire is Attractively Valued Against Comparable Companies
31 10.8% % 8.8x 219.4x - Aspire is Attractively Valued Against Comparable Companies EBITDA Negative 2Q 2021 YoY R e v en u e Growth 2Q 2021 EBITDA Margin EV / LTM Revenue EV / LTM EBITDA EBITDA Negative EBITDA Negative 1.0x 7.0x 14.4x - 45.5% 92.8% 27.7% % 10.7x (2 ) (3 ) (1 ) Sources: Edgar and Fac
Slide 31: Appendix A: Company Income Statements
Appendix A: Company Income Statements
Slide 32: Esports Technologies – Income Statement
33 Esports Technologies – Income Statement (1) Figures based on reported fiscal year end September 30 st Represents unaudited financials 1Q 2020 2Q 2020 3Q 2020 4Q 2020 2020 FY $ 37 , 128 25,166 $ 40 , 750 27,003 $ 63 , 740 27,971 $ 54 , 160 34,427 $ 195 , 778 114,566 $ 11,962 $ 13,747 $ 35,769 $ 19
Slide 33: Aspire B2C Business Unit – Income Statement
34 Aspire B2C Business Unit – Income Statement (1) Figures based on reported fiscal year end December 31 st ; represents unaudited B2C business carveout financials Note: Aspire USD financials use a EUR to USD rate of 1 - for - 1.2 1Q'20 2Q'20 3Q'20 4Q'20 202 0 F Y $ 13 , 182 (952) $ 16 , 066 (1,268)
Slide 34: Appendix B: Esports Industry Information
Appendix B: Esports Industry Information
Slide 35: Esports Market Overview
36 Viewership Age Demographic Sports L e a gues Esports Under 55 yrs. 50% - 75% 92% Esports Market Overview Esports describes the world of competitive, organized video gaming. Competitors from different leagues or teams face off in the same games that are popular with at - home gamers such as Fortni
Slide 36: Comparable Companies Analysis
37 Comparable Companies Analysis Market Enterprise EV / Revenue EV / EBITDA Revenue Growth 2021E Margins 2022E Margins Company Value Value 2021E 2022E 2021E 2022E '20 - '21 21 - '22 Gross EBITDA Gross EBITDA DraftKings Inc Class A $ 24,062.8 $ 22,569.2 17.7x 12.8x NEG NEG 98.6% 37.8% 45.8% NEG 49.1%
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