Kambi Group Plc Class B · OMXSTO:KAMBI
Kambi Group Plc Class B — Q4 2024 Earnings Presentation
16 slides from Kambi Group Plc Class B's earnings presentation, Feb 26, 2025
Slide 1: Kambi Group plc Q4 2024 Report
Kambi Group plc Q4 2024 Report 26 February 2025 1
Slide 2: Agenda
Agenda 1. Highlights 2. Year in review 3. Financial summary and outlook 4. Commercial and strategic updates 5. Summary 6. Q&A 2 Kambi Group plc – Q4 2024 Report CEO Werner Becher, CFO David Kenyon
Slide 3: Highlights: Building strong foundations for the future
Highlights Building strong foundations for the future − Robust Q4 financial performance with revenue of €44.5 million − Live in regulated Brazil with multiple partners including BetMGM, BetWarrior, KTO and new partner Stake − Signed landmark Odds Feed+ partnerships with Hard Rock Digital and Rei do
Slide 4: Year 2024 in review
Year 2024 in review Establishing Kambi as the home of premium sports betting solutions New Board and executive team Expanded product portfolio to increase TAM to lead Kambi into next phase − Anders Ström appointed Chair, with former CEO Kristian Nylén and industry veteran Benjie Cherniak also joinin
Slide 5: Financial summary
Financial summary Q4 2024 Full year 2024 Revenue Q4 2023 Revenue FY 2023 €44.5m €44.3m €176.4m €173.3m EBITA (acq) Q4 2023 EBITA (acq) FY 2023 €7.1m €8.5m €25.3m €25.2m Net cash EPS FY 2023 FY 2023 €61.3m €50.5m €0.515 €0.488 5 Kambi Group plc – Q4 2024 Report CEO Werner Becher, CFO David Kenyon
Slide 6: Operator trading analysis
Operator trading analysis Kambi operators' turnover and trading margin 1100 12.0% 1056 989 1000 11.0% 911 913 900 10.0% 851 789 778 800 758 9.0% 757 712 704 683 687 700 669 8.0% 656 640 602 600 560 573 7.0% 505 500 6.0% 412 398 387 400 5.0% 300 259 4.0% 200 3.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 7: Cash flow Q4
Cash flow Q4 €m 70.0 65.0 60.0 55.0 Opening cash Operating profit Amortisation less Amortisation on acquired Working capital, capex, Tax paid Shares repurchased Closing cash development costs intangibles depreciation & other 7 Kambi Group plc – Q4 2024 Report CEO Werner Becher, CFO David Kenyon
Slide 8: 2025 financial outlook
2025 financial outlook Kambi estimates EBITA (acq)1 of €20-25 million Revenue factors Cost factors €25.3m €20-25m Kambi 2024 EBITA Organic growth 2025 launches Transition fees Operator Gaming tax & Other Cost inflation Cost savings Kambi 2025 EBITA (acq) migrations (acq) (1) Earnings before interest
Slide 9: Key commercial & strategic milestones
Key commercial & strategic milestones Momentum building across the portfolio Signed regulated sportsbook Agreed multi-year Turnkey First Odds Feed+ deal Signed Odds Feed+ partnership partnership with Stake and Sportsbook partnership agreed with Hard Rock Digital with Rei do Pitaco launched on day on
Slide 10: Kambi enters novation agreement with FDJ Group and OLG
Kambi enters novation agreement with FDJ Group and Ontario Lottery & Gaming Corporation − Upon completion of certain conditions, Kambi will take over FDJ contract, due to run until 2032, and commence migration − OLG is the former provincial monopoly in Ontario with approx. 10,000 retailers and an on
Slide 11: Nevada licence applications approved
Nevada licence applications approved The gold standard of betting and gaming regulation − The licences will enable Kambi to provide its premium sportsbook products in Las Vegas and the rest of Nevada − Stringent regulatory requirements limit B2B competition in the state, creating a unique business o
Slide 12: Now live in Brazil
Now live in Brazil A market of significant growth potential − Kambi launched on day one in regulated Brazil − Live with Turnkey partners BetMGM, BetWarrior, KTO and new partner Stake − Kambi’s Odds Feed+ product is also live with Rei do Pitaco − Market will take time to reach its full potential, cur
Slide 13: AI trading capability driving product and margin gains
AI trading capability driving product and margin gains Expected operator trading margin raised to 9.5-11% Pre-match soccer Bet Builder growth 28% - Industry undergoing a shift to players betting more on higher margin products - Example is steep increase in Bet Builder, driving 21% c.30% of pre-match
Slide 14: Summary
Summary Building strong foundations for the future Delivered robust Initiated cost efficiency Strong demand across financials programme product portfolio 14 Kambi Group plc – Q4 2024 Report CEO Werner Becher, CFO David Kenyon
Slide 15: Q&A
Q&A kambi.com
Slide 16: Thank you
Thank you kambi.com 16