Slide 1: Interim Report January-June 2024
Interim Report January-June 2024 19 July 2024 CEO, Martin Carlesund & CFO, Jacob Kaplan
Slide 2: Highlights in the quarter
Highlights in the quarter • Increased delivery capacity – new studios • Expanded offering in North America • Launched Live games in Delaware • Largest win in online casino history After the end of the period: • Evolution enter into an agreement to acquire Galaxy Gaming • Capital Allocation framework
Slide 3: New studio construction and delivery capacity photos
Slide 4: Highlights in the quarter
Highlights in the quarter Second quarter of 2024 (Q2 2023) January-June 2024 (2H 2023) • Operating revenues +16.0% to 1,009.9 • Operating revenues +15.3% to 508.4 MEUR (870.6) MEUR(441.1) • Live growth +18.8% to 869.4 MEUR • Live growth +17.8% to 438.1 MEUR (732.0) (371.8) • RNG growth +1.2% to 140.
Slide 5: Galaxy Gaming
Galaxy Gaming • Entered into an agreement to acquire Galaxy Gaming, Inc. • Leading developer and distributor of innovative casino table games • 130 licenses including 28 states in US • Will operate as a separate and independent business unit • Offer equity value of approximately USD 85 million and U
Slide 6: Increase in staff
Increase in staff YoY growth Headcount end of period 21.2% 21 141 20 537 20 000 19 221 17 823 17 026 17 331 17 447 15 917 15 297 15 000 14 341 13 410 12 289 11 311 10 226 10 000 9 506 7 395 6 764 5 000 0 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 6
Slide 7: Activity in the network
Activity in the network Game Rounds index – All games 500 YoY growth 450 +37% 400 376 350 339 301 300 275 277 254 250 232 203 200 176 153 150 135 115 120 110 100 50 0 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 7
Slide 8: New game launches: Lightning Storm and others
Slide 9: Geographic breakdown
Geographic breakdown Revenue per Region Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Group, EUR million 2023 2023 2023 2024 2024 Europe 175.2 175.1 185.8 191.0 191.3 Asia 164.5 172.1 181.7 197.6 200.7 North America 55.5 54.7 59.1 62.1 60.2 LatAm 31.3 34.4 32.1 33.0 36.6 Other 14.6 16.3 16.6 17.8 19.6 Tot
Slide 10: Financial development
Financial development 70,3% 70,7% 70,4% 70,9% 69,9% 69,3% 69,0% 69,9% 69,0% 68,0% 68,9% 68,6% 68,0% 501,5 508,4 475,3 452,6 441,1 429,6 407,5 378,5 344,0 337,0 345,8 345,8 Revenue EUR 326,8 318,6 311,7 million 300,2 300,2 EBITDA 276,0 279,5 256,7 261,0 238,2 EBITDA, % 229,7 206,9 192,9 174,7 21Q2 21
Slide 11: P/L detail
P/L detail Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul 2023- Jan-Dec EUR thousands 2024 2023 2024 2023 Jun 2024 2023 Revenues - Live 438,071 371,800 869,409 731,904 1,660,779 1,523,274 Revenues - RNG 70,339 69,275 140,452 138,745 277,034 275,327 Total operating revenues 508,410 441,075 1,009,861 870,649 1,9
Slide 12: Cash flow and financial position
Cash flow and financial position Capital expenditure Operating cash flow Balance sheet summary EUR m EUR m 30/6/ 31/12/ 350 90% (EUR m) 2024 2023 50 8% Total non-current assets 3,230.6 3,251.2 80% 45 300 7% 70% Current assets 880.4 736.5 40 6% 250 Cash and cash equivalents 688.7 985.8 35 60% 5% Tota
Slide 13: History of capital returns to shareholders
History of capital returns to shareholders Capital returns 2015 – 2024, EUR million +10X IPO Capital Allocation Framework • Target net cash position over time • Invest in organic growth • Dividend 50% • Consider value enhancing M&A • 100% of free cash flow after items above returned through re-purch
Slide 14: Outlook
Outlook • Go live with new studio on the newly regulated Czech market • Continued expansion and initiating additional 1-2 studio builds 2024 • Execution of capital returns • Accelerated delivery of games during H2
Slide 15: Q&A
Q&A ir@evolution.com