B90 Holdings plc · LSE:B90
B90 — FY2023 Earnings Presentation
19 slides from B90's earnings presentation, May 2024
Slide 1: B90 Holdings May 2024
www.b90holdings.com MAY 2024
Slide 2: A leading force in online marketing and service provision in gaming
A LEADING FORCE IN ONLINE MARKETING AND SERVICE PROVISION WITHIN THE DYNAMIC GAMING INDUSTRY. FOCUSING ON B2B PERFORMANCE MARKETING STRATEGIES TO DRIVE PROFITABILITY AND GENERATE POSITIVE FREE CASH FLOWS THROUGH STRATEGIC ACQUISITION, INTEGRATION, AND OPERATION OF ADVANCED TECHNOLOGICAL SOLUTIONS. S
Slide 3: Experienced Team
EXPERIENCED TEAM Ronny Breivik Marcel Noordeloos Greg Pavlidis Mark Blandford Andy McIver Executive Chairman Finance Director CTO Strategic Adviser Non-executive Director • Appointed Interim • Appointed in 2016, • 14 years’ experience • Industry guru • Non-Executive Chairman Executive Chairman in co
Slide 4: B90 Holdings Plc: Overview
B90 HOLDINGS PLC: OVERVIEW LEAD GENERATION PARTNERSHIP OVERVIEW BUSINESSES AGREEMENTS • Listed on AIM In London (AIM: B90). • B90 Holdings PLC is an online marketing and service provision company for the gaming industry • Driving Growth through Strategic B2B Performance Marketing • Key services incl
Slide 5: Timeline
TIMELINE THE START STABILISE TRANSFORM • Covid • Ronny Breivik joins the group as CEO in • Strategic pivot from B2C to B2B focus subsidiary trading company. • Managing creditors • Successful acquisition of Emwys • B90 resumes trading March 2021 • Regulation • Focus on Cash Generation • Commitment to
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue for the year increased to €3.0 million, €2.1 million in 2022, indicating progress from strategic shifts. Net Loss increased to €5.5 million (€4.3 million in 2022) due to impairment charges relating to Bet90.com and financial treatment of the Convertible Loan Note. Succes
Slide 7: Delivery: Business Turnaround and Q1 2024 Profitability
DELIVERY: BUSINESS TURNAROUND AND Q1 2024 PROFITABILITY Operational Highlights: Major restructuring of casino and sportsbook operations towards Strategic pivot from B2C to a B2B focus, optimizing operations outsourced solutions, to focus on core strengths and creating around performance marketing an
Slide 8: Financial Summary – P&L
FINANCIAL SUMMARY – P&L Year ended Year ended 31 December 2023 31 December 2022 € € Revenue 3,025,352 2,138,212 Salary expense (2,359,386) (2,112,893) Marketing and selling expense (1,626,207) (763,821) Other administrative expense (2,705,023) (1,950,016) Depreciation, amortisation and impairment ex
Slide 9: Financial Summary – Balance Sheet
FINANCIAL SUMMARY – BALANCE SHEET Year ended Year ended Year ended Year ended 31 December 31 December 31 December 31 December 2023 2022 2023 2022 € € € € Equity and liabilities Non-current assets Share capital - - Goodwill 1,913,600 2,229,211 Additional paid-in capital 41,110,393 30,966,848 Other in
Slide 10: Financial Summary – Cash Flow Statement
FINANCIAL SUMMARY – CASH FLOW STATEMENT 31 December 31 December 2023 2022 € € Cash flows from operating activities Operating (loss)/profit (4,587,349) (4,246,043) Adjustments for: Share based payments 402,384 349,364 Impairment of goodwill 315,611 1,095,320 Amortisation of intangibles 606,474 462,20
Slide 11: Outlook
OUTLOOK Continued focus on Strong management and Target positive EBITDA B2B operations to strategic advisory team growth and increased net drive EBITDA positioned to leverage market cash to support share profitability opportunities price momentum and potential for further acquisitions Slide 11 BE PA
Slide 12: Summary: Investment Case
SUMMARY: INVESTMENT CASE • Experienced Leadership Team: • Includes industry pioneers such as Mark Blandford and Andrew McIver. • Strong Financial Performance: • Positive EBITDA achieved in Q1 2024. • Target confirmed revenue growth in FY2024 and beyond. • Strategic Business Model: • Transition from
Slide 13: Questions?
QUESTIONS? Slide 13 BE PART OF THE SUCCESS
Slide 14: Appendices
APPENDICES Slide 14 BE PART OF THE SUCCESS
Slide 15: The Market
THE MARKET Latin American Online gaming & Global online gaming market valued at Betting Market in 2022 was approx. $109.8bn and forecast to rise at 11.5% and set to $7.7bn in 2022 CAGR to $211.2bn by 2028 $3.4bn grow to over by 2028 at 14.7% CAGR H2 ONLINE gaming CAPITAL MARKET DATA $bn 2022P 2023E
Slide 16: Acquisition Strategy and Landscape
ACQUISITION STRATEGY AND LANDSCAPE Market landscape Available legacy assets and Ambitious, strategic offers pipeline of entrepreneurs seeking distribution acquisition approach opportunities and operational know how Preferred Criteria Rationale Near term cash generative Strong sector deal flow EBITDA
Slide 17: Emwys Case Study
EMWYS CASE STUDY 12 July 2023 acquisition of Emwys for €3.6m was announced Significant step in our evolution to be a Service Provider B90 ACQUISITION PREFERRED CRITERIA Near term cash generative EBITDA Margin >10% Purchase price <4x EBITDA Contribute operational cost efficiencies Allow us to market
Slide 18: Capital Structure
CAPITAL STRUCTURE: Significant shareholders Ordinary % of total issued Name shares share capital Winforton Investments Ltd 85,520,000 19.5% P. Westerterp 37,842,240 8.6% Funko International AB 29,312,547 6.7% Performance Media SIA (34.65% owned by R. Breivik) 28,784,449 6.6% Diman BV 25,178,432 5.7%
Slide 19: Thank you for your time
THANK YOU FOR YOUR TIME CONTACT: RONNY@B90HOLDINGS.COM MARCEL@B90HOLDINGS.COM INFO@B90HOLDINGS.COM B90HOLDINGS.COM B90 HOLDINGS PLC 33-37 ATHOL STREET DOUGLAS IM1 1LB ISLE OF MAN Slide 19 BE PART OF THE SUCCESS Slide 15 BE PART OF THE SUCCESS