Super Group (sghc) Limited · NYSE:SGHC
Super Group (sghc) — Q1 2024 Earnings Presentation
18 slides from Super Group (sghc)'s earnings presentation, May 8, 2024
Slide 1: 1Q 2024 Earnings Review
1Q 2024 Earnings Review May 8, 2024
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited
Slide 3: Agenda
Agenda 01 BUSINESS UPDATE 02 FINANCIAL HIGHLIGHTS 03 APPENDIX
Slide 4: Business Update
BUSINESS UPDATE Overview iSupergroup
Slide 5: Overview
OVERVIEW Strong start to the year with the highest ever Total Revenue and Adjusted EBITDA for a first quarter Focus on core markets and the optimization of geographical footprint Continued investment into marketing for future long-term growth Analysis of cost base and further realization of cost eff
Slide 6: 1Q24 Highlights
1Q24 HIGHLIGHTS 1Q24 Highlights: 2 • Highest ever ex-US Total Revenue for a first quarter of €374m (13% YoY growth or 17% in cc ) • Record ex-US Adjusted EBITDA for a first quarter of €69m (29% YoY growth and margin of 18%) • New all-time high for ex-US Average Unique Monthly Active Customers of 4.7
Slide 7: Sportsbook Software
SPORTSBOOK SOFTWARE Entered into definitive agreements to assume full control of sportsbook software technology licensed by Apricot Transaction Rationale: Summary of Terms: • Greater control of costs related to the sportsbook • Favorable, risk-sharing deal structure • Direct oversight of and additio
Slide 8: US Update
US UPDATE Current US Offering: • Super Group is currently operating in nine US states ◦ Online Sports Betting offered in all nine states, with NJ and PA also including iGaming • Migration on to the Betway Global Technology was completed on 28th March 2024 • US 1Q24 Adjusted EBITDA loss of €(22)m • O
Slide 9: Net Revenue by Geography: Continued Global Diversification
1 NET REVENUE BY GEOGRAPHY : CONTINUED GLOBAL DIVERSIFICATION Key Highlights: • Americas 1Q 2023 1Q 2024 ◦ Strong casino growth in Canada overall ◦ Positive signs in Ontario with a growing customer base and strong customer 16% 8% 17% 16% values • Africa ◦ Exceptional growth ◦ Positive early signs fo
Slide 10: Net Revenue by Brand and Product: Underpinned by Strong Casino Offering
1 NET REVENUE BY BRAND AND PRODUCT : UNDERPINNED BY STRONG CASINO OFFERING 1Q 2023 1Q 2024 1Q 2023 1Q 2024 26% 21% 44% 43% 56% 57% 74% 79% Online Casino Online Sports Betting 10 Charts exclude US operations 1
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue and Profitability
Slide 12: Total Revenue (Ex-US)
1,2,3 TOTAL REVENUE (EX-US) 2024 Total Revenue Guidance: €1.550bn 1Q24 TOTAL REVENUE (EX-US) WAS €374M,+13% (+17% cc) YOY €1,406m Net Revenue increased +14% (+19% cc) to €366m €1,326m €1,296m • The highest ever Net Revenue achieved in a first quarter €352m €340m €330m Sports Betting Revenue Online C
Slide 13: Adjusted EBITDA (Ex-US)
1 Adjusted EBITDA (EX-US) 2024 Adjusted EBITDA Guidance of >€280m 1Q24 Adjusted EBITDA (EX-US) WAS €69M, +29% YOY Adjusted EBITDA Margin of 18% €302m Direct Expenses increased +13% to €138m: • Higher regulatory costs due to strong revenue growth in regulated markets €70m €255m €214m €209m €54m Marke
Slide 14: Appendix
APPENDIX
Slide 15: Financial Results, Operating Basis (Ex-US)
1 FINANCIAL RESULTS, OPERATING BASIS (EX-US) EUR (Millions) 1Q ’24 1Q ’23 2Q ’23 3Q ’23 4Q ’23 2023 Net Revenue (Ex-US) 366 321 364 339 341 1,365 Sports Betting 77 82 95 65 53 295 Online Casino 289 239 269 274 289 1,070 Other Revenue 8 10 10 10 11 41 2 Total Revenue (Ex-US) 374 332 374 349 352 1,406
Slide 16: Net Revenue: Constant Currency Analysis
1 NET REVENUE: CONSTANT CURRENCY (‘CC’) ANALYSIS Q1-24 YoY % CHANGE YoY CC % CHANGE Net Revenue (Ex-US) 14% 19% Sports Betting (7)% (2)% Online Casino 21% 26% Other Revenue (23)% (25)% 2 Total Revenue (Ex-US) 13% 17% 16 Constant 1 currency growth is calculated by translating non-Euro performance for
Slide 17: Detailed Share Count
1 DETAILED SHARE COUNT Shares (millions) Shares Issued and Outstanding 501.4 Unvested Restricted stock units granted to employees 4.4 Fully Diluted Shares 505.8 17 As at 31st March 2024 1
Slide 18: investors@sghc.com
nil Supergroup investors@sghc.com