Gambling.com Group Limited · NASDAQ:GAMB
Gambling.com — Q2 2021 Earnings Presentation
20 slides from Gambling.com's earnings presentation, Aug 26, 2021
Slide 1: Second Quarter 2021 Financial Results Call
Second Quarter 2021 Financial Results Call August 26, 2021 CONFIDENTIAL & PRIVATE Exhibit 99.3
Slide 2: Forward-looking statements
This presentation and the accompanying oral presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our curren
Slide 3: Agenda
Q2 and Company Highlights04 Gambling.com Group Overview 05 Growth Strategy 08 Growth of U.S. Market09 Q2 Financial Results11 2021-2023 Financial Targets 13 2021 Outlook14 AGENDA CONFIDENTIAL & PRIVATE
Slide 4: Q2 and Company Highlights
Q2 and Company Highlights Second Quarter Revenue of $10.4 million; grew 66% compared to $6.3 million in the same period for the prior year Net income of $2.4 million, or $0.08 per diluted share, compared to a net loss of $0.4 million, or a loss of $0.02 per diluted share, in the same period for the
Slide 5: Gambling.com Group, Leading Provider of Player Acquisition Services for Online Gambling Operators
Gambling.com Group, Leading Provider of Player Acquisition Services for Online Gambling Operators Revenue, USD millions (H1 2021 unaudited) Highlights $ $28m Revenue in 2020, growth of 45% year-over-year 35% Revenue CAGR 2017-2020 Strong EBITDA and FCF Margins 150+ Full-Time Employees Strong Histori
Slide 6: Established Global Player in Rapidly Expanding Industry
Established Global Player in Rapidly Expanding Industry Focus on regulated markets Strong growth in established markets Growth also expected in markets such as Canada, Italy, and the Netherlands Corporate offices in Dublin, Ireland (HQ) and Charlotte, North Carolina U.S. is a priority growth market
Slide 7: Technology-First Strategy Has Resulted in Proprietary Internal Platforms
Technology-First Strategy Has Resulted in Proprietary Internal Platforms Proprietary Technology Platform Gambling CMS Advertising Server Publishing Platform Business Intelligence
Slide 8: Growth Strategy – Poised to Capture Market Share
Growth Strategy – Poised to Capture Market Share Established markets Target markets HQ U.S. is the future of the global online gambling industry and our #1 priority growth market Significant momentum – things are only getting started Online gambling penetration is small and offers long runway for on
Slide 9: Growth of the U.S. Online Gambling Market
Growth of the U.S. Online Gambling Market BIG BRANDS & BIG DOMAINS FOR A BIG MARKET Gambling.com, the category defining name for the entire industry that was a U.S. leader before UIGEA in 2006 Bookies.com, our well-known, sports-first destination designed from the ground up for the U.S. AMERICAN FRO
Slide 10: Growth of U.S. Online Gambling Market Industry Opportunity Highlights
Growth of U.S. Online Gambling Market Industry Opportunity Highlights Online Gambling's Growing Share of Overall Gambling GGR(1)(2) The growth of the U.S. Online Gambling Market will outpace the global industry(1)(3) U.K. penetration can serve as a good proxy for the U.S. market Reflects online spor
Slide 11: Q2 2021 Financial Results
Q2 2021 Q2 2020 Change Revenue (millions) $10.4 $6.3 +66% Operating Expense (millions) ($7.2) ($3.0) +141% Operating Profit (millions) $3.2 $3.3 (3%) Net Income (Loss) (millions) $2.4 ($0.4) NM(1) Net Income (Loss) per Diluted Share $0.08 ($0.02) NM(1) Adjusted EBITDA (millions) $5.5 $3.8 +46% Adjus
Slide 12: 1H 2021 Financial Results
1H 2021 1H 2020 Change Revenue (millions) $21.9 $10.4 +111% Operating Expense (millions) ($13.5) ($7.0) +93% Operating Profit (millions) $8.4 $3.3 +150% Net Income (millions) $6.9 $4.3 +61% Net Income per Diluted Share $0.22 $0.14 +57% Adjusted EBITDA (millions) $12.6 $4.5 NM(1) Adjusted EBITDA marg
Slide 13: 2021-2023 Financial Targets
Adjusted figures represent non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers. Leverage is defined as Net Debt as a proportion of Adjusted EBITDA. Net Debt is defin
Slide 14: FY 2021 Outlook
FY 2021 Outlook Expected to exceed > 40% year-on-year Revenue growth target for FY 2021 Expected to achieve ≥ 40% Adjusted EBITDA(1) margin target for FY 2021 Outlook does not consider incurring further borrowings in FY 2021 Outlook does not consider any incremental benefit from potential M&A Q1 and
Slide 15: Appendix: Financial Tables
CONFIDENTIAL & PRIVATE Appendix: Financial Tables
Slide 16: Condensed Consolidated Statements of Comprehensive Income (Loss)
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD in thousands) THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, 2021 2020 2021 2020 Revenue 10,392 6,259 21,909 10,370 Sales and marketing expenses (3,144 ) (1,598 ) (5,848 ) (3,858 ) Technology expenses (944 ) (51
Slide 17: Condensed Consolidated Statements of Financial Position
Condensed Consolidated Statements of Financial Position (Unaudited) (USD in thousands) JUNE 30, 2021 DECEMBER 31, 2020 ASSETS Non-current assets Property and equipment 610 515 Intangible assets 23,566 23,560 Right-of-use assets 1,612 1,799 Deferred tax asset 5,459 5,778 Total non-current assets 31,2
Slide 18: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD in thousands) THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30, 2021 2020 2021 2020 Cash flow from operating activities Income (loss) before tax 3,027 (128 ) 8,159 4,656 Finance expenses, net 130 551 209 852 Losses (gains) on finan
Slide 19: Adjusted EBITDA Reconciliation and Adjusted EBITDA Margin Calculation
Adjusted EBITDA Reconciliation and Adjusted EBITDA Margin Calculation n/m = not meaningful THREE MONTHS ENDED JUNE 30, CHANGE SIX MONTHS ENDED JUNE 30, CHANGE 2021 2020 $ % 2021 2020 $ % (in thousands USD, unaudited) (in thousands USD, unaudited) Net income (loss) for the period attributable to the
Slide 20: Free Cash Flow Reconciliation Earnings Per Share
Free Cash Flow Reconciliation Earnings Per Share THREE MONTHS ENDED JUNE 30, CHANGE SIX MONTHS ENDED JUNE 30, CHANGE 2021 2020 $ % 2021 2020 $ % (in thousands USD, unaudited) (in thousands USD, unaudited) Cash flows generated by operating activities $ 4,738 $ 3,229 1,509 46.7 % $ 11,478 $ 3,458 8,02