Gambling.com Group Limited · NASDAQ:GAMB
Gambling.com — Q2 2023 Earnings Presentation
16 slides from Gambling.com's earnings presentation, Aug 17, 2023
Slide 1: Second Quarter 2023 Financial Results Call
Second Quarter 2023 Financial Results Call August 17, 2023 CONFIDENTIAL & PRIVATE
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement This presentation and any accompany ing oral presentation includes f orward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the saf e harbor prov isions of the
Slide 3: Second Quarter Highlights
3 Second Quarter Highlights (1) Represents a non-IFRS financial measure. See ”Safe Harbor Statement - Non-IFRS Financial Measures” and the tables at the end of this presentation under “Appendix: Financial Tables” for reconciliations to the comparable IFRS numbers • Total revenue grew 63% to $26 mill
Slide 4: Second Quarter Drivers
4 Second Quarter Drivers • North American revenue grew 115% to $13.4 million • UK and Ireland revenue increased 25% year- over-year • Strength in I-casino in North America and Europe continued • Outperformance of the North American sports business
Slide 5: Q2 2023 Financial Results
5 Q2 2023 Financial Results(1) (1) This table contains non-IFRS financial measures. See ”Safe Harbor Statement - Non-IFRS Financial Measures” and the tables at the end of this presentation under “Appendix: Financial Tables” for reconciliations to the comparable IFRS numbers. IH/2023 2023 2022 Change
Slide 6: First Half 2023 Financial Results
6 First Half 2023 Financial Results(1) (1) This table contains non-IFRS financial measures. See ”Safe Harbor Statement - Non-IFRS Financial Measures” and the tables at the end of this presentation under “Appendix: Financial Tables” for reconciliations to the comparable IFRS numbers. 2023 2022 Change
Slide 7: FY 2023 Outlook
7 FY 2023 Outlook(1) • For 2023, revenue is expected to be in the range of $100-104 million, which implies growth of 31-36% • For 2023, Adjusted EBITDA is expected to be in the range of $36-40 million, which implies growth of 49-66% Low Midpoint High FY 2022 Revenue (millions) $100 $102 $104 $76.5 A
Slide 8: Appendix: Financial Tables
8CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 9: Condensed Consolidated Statements of Comprehensive Income (Loss)
9 Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue 25,972 15,924 52,664 35,509 Cost of sales (896) (495) (1,887) (1,724) Gross profit 25,076 15,4
Slide 10: Condensed Consolidated Statements of Financial Position
10 Condensed Consolidated Statements of Financial Position (USD in thousands) June 30th, 2023 June 30th, 2022 Non-current assets Property and equipment 805 714 Right-of-use assets 1,615 1,818 Intangible assets 89,928 88,521 Deferred compensation cost — 29 Deferred tax asset 6,220 5,832 Total non-cur
Slide 11: Condensed Consolidated Statements of Cash Flows
11 Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cash flow from operating activities Income before tax 921 186 8,616 5,041 Finance expenses (income), net (187) (2,435) 277 (3,012) Adjustments f
Slide 12: Earnings Per Share
12 Earnings Per Share Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (in thousands USD, except for share and per share data, unaudited) (in thousands USD, except for share and per share data, unaudited) Net income for the period attributable to shareholders 278 56 6,873 4,
Slide 13: Adjusted Net Income and Adjusted Net Income Per Share Reconciliation
13 Adjusted Net Income and Adjusted Net Income Per Share Reconciliation 1) There is no tax impact from fair value movement on contingent consideration, unwinding of deferred consideration or employee bonuses related to acquisition. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023
Slide 14: EBITDA and Adjusted EBITDA Reconciliation
14 EBITDA and Adjusted EBITDA Reconciliation n/m = not meaningful 1. The acquisition costs are related to the business combinations of the Group. Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 % 2023 2022 % (in thousands USD, unaudited) (in thousands USD, unaudited) Ne
Slide 15: Adjusted EBITDA Margin Reconciliation
15 Adjusted EBITDA Margin Reconciliation Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 % 2023 2022 % (in thousands USD, unaudited) (in thousands USD, unaudited) Revenue 25,972 15,924 63 % 52,664 35,509 48 % Adjusted EBITDA 9,424 3,617 161 % 20,097 10,719 87 % Adjusted
Slide 16: Free Cash Flow Reconciliation
16 Free Cash Flow Reconciliation (1) Capital expenditures are defined as the acquisition of property and equipment and the acquisition of intangible assets and excludes cash flows related to business combinations. Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 % 2023 2