Zeal Network Se · XETR:TIMA
Zeal Network — Q1 2022 Earnings Presentation
24 slides from Zeal Network's earnings presentation, May 12, 2022
Slide 1: Earnings Call Quarterly Statement Q1
Earnings Call Quarterly Statement Q1 as of 31 March 2022 12 May 2022 ZEAL NETWORK SE EARNINGS CALL | MAY 2022 1
Slide 2: Content
Content SUMMARY FINANCIAL UPDATE GUIDANCE KEY TAKE-AWAYS ZEAL NETWORK SE EARNINGS CALL | MAY 2022 2
Slide 3: Summary 3M 2022
Summary 3M 2022 3M ➢ Growth in business volume ➢ Profitability continues to rise strongly ➢ Launch of the ‘Deutsche Traumhauslotterie’ 2022 ZEAL NETWORK SE EARNINGS CALL | MAY 2022 3
Slide 4: Current regulation - Licensing procedure
Current regulation - Licensing procedure New GlüStV 2021 • No expiry date (can’t be terminated before 2028) • Opportunities: Games, Sports Betting Games License • All documents submitted • All requirements fulfilled • Licence expected in Q2/2022 Broker License • Lotto24 broker permit valid until Jun
Slide 5: Financial Update
Financial Update ZEAL NETWORK SE EARNINGS CALL | MAY 2022 5
Slide 6: Jackpot development - 2 peaks in 2022 vs. 1 in 2021
Jackpot development - 2 peaks in 2022 vs. 1 in 2021 LOTTO 6aus49 in €m 50 in €m Average Peak 40 30 YTD 21 2 20 2022 10 YTD 6 0 Draw 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 2021 2022 2021 in €m Eurojackpot 100 in €m Average Peak 80 YTD 60 36 0 2022 40 20 YTD 35 1 2021 Dra
Slide 7: Income Statement 3M 2022 - condensed
ZEAL Income Statement 3M 2022 - condensed in € thousand 3M 2022 3M 2021 Change in % Comments Revenue + ➢ Revenue: 25,114 22,620 +10.9 • Revenue and Income from jackpot insurance increased due to Income from jackpot insurance higher billings which resulted from a better jackpot development in 2022 Pe
Slide 8: Other performance indicators I
Other performance indicators I Gross Margin Billings (Germany Segment) in € thousand in % +11% 181.185 163.313 12,9 12,7 +0.2% p.p. Q1 2021 Q1 2022 Q1 2021 Q1 2022 Increase due to better jackpot development Gross margin increased due to and a further growth in the customer base a more favourable pro
Slide 9: Other performance indicators II
Other performance indicators II New registered customers Net Cash (Germany segment) in €m in thousand 77,9 67,9 +15% 156 154 22,6 23,5 31/03/2021 31/03/2022 Q1 2021 Q1 2022 Net Cash Contingent Liability for VAT Strong net cash generation mainly driven by Customer acquisition at previous year's level
Slide 10: Other performance indicators III
Other performance indicators III Cost per Lead, CPL Monthly Active Users (MAU) Average Billings per User, ABPU (Germany Segment) (Germany Segment) (Germany Segment) in € in thousand in € 1.036 966 38,09 33,48 56,36 58,31 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 A special campaign for freiheit
Slide 11: Dividend
Dividend 2022 ZEAL NETWORK SE EARNINGS CALL | MAY 2022 11
Slide 12: Dividend Proposal
Dividend Proposal ZEAL will propose to the Annual General Meeting on 30 Total pay-out p.a. in € million 47 June 2022 the payment of a dividend of € 2.10 (2020: € 0.90 per share), which means a distribution to the shareholders of approximately € 47 million. This will consist of a basic dividend of €
Slide 13: Guidance
Guidance 2022 ZEAL NETWORK SE EARNINGS CALL | MAY 2022 13
Slide 14: Consolidated Guidance 2022
Consolidated Guidance 2022 2022 2021 in €m Growth rates Guidance Actual Billings (Germany segment) at least 750 656.5 > +14% Revenue1) at least 105 86.8 > +21% > +8% EBITDA at least 30 27.7 > +60%2) 1) Including income from jackpot insurance 2) Adjusted for one-off effects and marketing savings in 2
Slide 15: Key Take-Aways
Key Take-Aways ZEAL NETWORK SE EARNINGS CALL | MAY 2022 15
Slide 16: Key Take Aways
KEY TAKE AWAYS Profitability continues to rise strongly Repayment of €47m to shareholders Launch of the 'Deutsche Traumhauslotterie' ZEAL NETWORK SE EARNINGS CALL | MAY 2022 16
Slide 17: Questions Answers
Questions Answers ZEAL NETWORK SE EARNINGS CALL | MAY 2022 17
Slide 18: Disclaimer
Disclaimer The information contained herein must not be relied upon for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purpose. This document contains certain forward-looking statements relating to the busin
Slide 19: Appendix
Appendix ZEAL NETWORK SE EARNINGS CALL | MAY 2022 19
Slide 20: Consolidated Income Statement and Balance Sheet
Consolidated Income Statement and Balance Sheet in €k 3M 2022 3M 2021 Change in % Income Statement Revenue + 25,114 22,620 +11.0 Income from jackpot insurance Total costs of operations -16,452 -18,230 -9.8 EBITDA 8,932 4,567 +95.6 EBIT 6,792 2,362 +187.6 Profit before taxes 6,591 2,879 +128.9 Net Pr
Slide 21: Reporting as of 31/03/22 in €k
Business Unit Segment Reporting as of 31/03/22 in €k Germany Other Total Revenue 24,038 1,076 25,114 Other operating income 270 1 270 EBITDA 8,734 197 8,932 Depreciation/amortisation – – -2,140 EBIT – – 6,792 Financial result – – -158 Share of loss from associates -43 EBT – – 6,591 Income tax – – -1
Slide 22: KPIs
KPIs Billings (in €m) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 140.0 174.4 157.3 181.0 163.3 169.5 160.4 163.3 181.2 ABPU (in €) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 49.5 54.5 54.9 61.3 56.3 58.3 54.4 58.0 58.3 MAU (in k) Q1 2020 Q2 2
Slide 23: Financial calendar 2022
Financial calendar 2022 Publication of Annual Report 2021 24 March 2022 Publication of Q1 Quarterly Statement 12 May 2022 Annual General Meeting 30 June 2022 Publication of Half-Year Report 11 August 2022 Publication of Q3 Quarterly Statement 10 November 2022 ZEAL NETWORK SE EARNINGS CALL | MAY 2022
Slide 24: Contact
Contact: Frank Hoffmann, CEFA Senior Investor Relations Manager ZEAL Straßenbahnring 11 20251 Hamburg T +49 (0)40 809 036 - 042 M +49 (0)175 267 3420 frank.hoffmann@zealnetwork.de www.zealnetwork.de ZEAL NETWORK SE EARNINGS CALL | MAY 2022 24