Pointsbet Holdings Ltd. · ASX:PBH
Pointsbet — Investor Presentation (January 2023)
19 slides from Pointsbet's investor presentation, Jan 31, 2023
Slide 1: Q2 FY23 Quarterly Activities Report
Q2 FY23 QUARTERLY ACTIVITIES REPORT Investor Presentation 31 January 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
Q2 FY23 QUARTERLY IMPORTANT NOTICE AND DISCLAIMER This document and any oral presentation accompanying it has been Therefore, there can be no assurance that such forecasts, forward Disclosures in this document, the accompanying presentation or any prepared in good faith, however, no express or impli
Slide 3: NBC Revised Partnership Overview
Q2 FY23 QUARTERLY NBC REVISED PARTNERSHIP OVERVIEW Key economics of NBC deal re-alignment Key media asset adjustments of NBC deal re-alignment • Average annual commitment reduced as partnership is extended by 2 years to • Marketing investment highly targeted to live betting states with 99% of August
Slide 4: Key Highlights Q2 FY23
KEY HIGHLIGHTS Q2 FY23 Q2 FY23 Product • Record Group Total Net Win of A$103.4m, up • Enhancements through Oddsfactory of live 34% on PCP betting products with expansion of Lightning Bets • Record US Total Net Win of A$40.6m, up 68% on PCP • Improvements in NFL product market uptime and expanded liv
Slide 5: Q2 FY23 Group Trading Metrics
Q2 FY23 QUARTERLY Q2 FY23 GROUP TRADING METRICS All figures in A$ Q2 FY22 Q2 FY23 PCP QoQ Turnover / Handle $1326.0m $2068.8m +56% +79% • Rolling 12 month Group Net Win to 31 December 2022 is Gross Win Margin % 10.1% 7.3% (2.7pp) (2.6pp) $344.9m SPORTS BETTING Gross Win $133.8m $151.9m +14% +32% • G
Slide 6: Highlights: US Q2 FY23
Q2 FY23 QUARTERLY HIGHLIGHTS: US1 Q2 FY23 RECORD QUARTERLY NET WIN PERFORMANCE All figures in A$ Q2FY22 Q2 FY23 PCP QoQ Turnover / Handle $598.9m $1049.9m +75% +100% Gross Win Margin % 6.9% 5.2% (1.7pp) (2.5pp) Net Win Marketing SPORTS +68% vs PCP -17% vs PCP BETTING Gross Win $41.6m $54.9m +32% +36
Slide 7: Lead on Live Betting (In-Play) Highlights
Q2 FY23 QUARTERLY LEAD ON LIVE BETTING (IN-PLAY) HIGHLIGHTS Significantly reduced NFL live market suspensions vs 2020-2021 season NFL Lightning Bets (micro markets) accounted for 20% of cash in-play bets for Q2 FY23 PointsBet maintained 3rd place in the January 2023 Eilers & Krejcik’s US Sport Betti
Slide 8: Highlights: Australia Q2 FY23
Q2 FY23 QUARTERLY HIGHLIGHTS: AUSTRALIA Q2 FY23 RECORD QUARTERLY NET WIN PERFORMANCE All figures in A$ Q2 FY22 Q2FY23 PCP QoQ Turnover / Handle $727.0m $938.5m +29% +53% Net Win Marketing Gross Win Margin % 12.7% 10.0% (2.7pp) (2.0pp) +9% vs PCP -11% vs PCP SPORTS BETTING Gross Win $92.2m $93.5m +1%
Slide 9: Highlights: Canada Q2 FY23
Q2 FY23 QUARTERLY HIGHLIGHTS: CANADA1 Q2 FY23 RECORD QUARTERLY NET WIN PERFORMANCE • Strong sequential quarter-over-quarter growth across core KPIs All figures in A$ Q2 FY23 QoQ • Live betting represented 63% of total sportsbook handle in Q2 FY23 Turnover / Handle $80.4m +284% • Significant sportsbo
Slide 10: Summary of Quarterly Cash Flows
Q2 FY23 QUARTERLY SUMMARY OF QUARTERLY CASH FLOWS All amounts in A$m1 Q2FY23 Q1FY23 COMMENTARY Receipts from customers 105.8 81.6 Cost of sales (61.3) (40.9) • Record quarterly receipts from customers in line with record quarterly Net Win Sales and marketing3 (67.5) (54.7) Staff costs (25.7) (27.6)
Slide 11: Looking Ahead
Q2 FY23 QUARTERLY LOOKING AHEAD NBC deal realignment reduces the annual committed US marketing spend Targeted and localised US marketing strategy + ongoing product improvements = continued Net Win growth Stabilising cost base + Net Win growth = Path to profitability 11
Slide 12: Q&A
Q&A
Slide 13: Appendix
L / Appendix 1
Slide 14: Related Party Transactions as per ASX Listing Rule 4.7C.3 - $1.3m
Q2 FY23 QUARTERLY RELATED PARTY TRANSACTIONS AS PER ASX LISTING RULE 4.7C.3 - $1.3m • Payments of $0.7m 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 $0.6m to A
Slide 15: 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 31 December 2022 Consolidated statement of cash flows Current quarter Year to date (6 $A’000 months) $A’000 1. Cas
Slide 16: 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 (6 $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 17: 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 (6 $A’000 months) $A’000 3.9 Other (provide details if material) Principal (1,085) (2,332) repayment of Lease Liability 3.10 Net cash from / (used in) fi
Slide 18: Appendix 4C: Financing Facilities
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 7. Financing facilities Total facility Amount drawn at Note: the term “facility’ includes all forms of financing amount at quarter quarter end arrangements available to the entity. end $A’000 Add notes as necessary for
Slide 19: Appendix 4C Compliance Statement
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. 3
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