Betmakers Technology Group Ltd. · ASX:BET

Betmakers Technology — H1 FY2024 Earnings Presentation

19 slides from Betmakers Technology's earnings presentation, Feb 28, 2024

  1. Slide 1: FY24 Half-Year Results Presentation

    28 February 2024 FOR THE HALF-YEAR ENDED 31 DECEMBER 2023 FY24 HALF-YEAR RESULTS PRESENTATION BetMakers Technology Group Ltd ABN 21 164 521 395

  2. Slide 2: The BetMakers Way

    THE BETMAKERS WAY We simplify betting. At BetMakers, our mission is to power the excitement, growth and sustainability of racing globally. BetMakers Technology Group (ASX:BET) is a leading international provider of advanced wagering technology, data, content and service solutions with a footprint th

  3. Slide 3: H1 FY24 Highlights

    H1 FY24 HIGHLIGHTS A productive half with +9.9% revenue growth vs pcp and significant cost base reduction to deliver -$0.9m adjusted EBITDA1 for the half-year. +9.9% vs pcp +9.5% vs pcp Major restructure program now largely complete to unlock operational savings and drive scale through technology. ⇾

  4. Slide 4: Summary of H1 FY24

    SUMMARY OF H1 FY24 DELIVERING ON WHAT WE SAID WE’D DO1 Focused on reducing and Focused on reaching a point of managing the cost base to under Forecasting low double digit Forecasting to maintain positive monthly operational cash $110m for FY241* revenue growth in FY24 compared unrestricted cash rese

  5. Slide 5: Key Technology Developments

    SUMMARY OF H1 FY24 KEY TECHNOLOGY DEVELOPMENTS Investment in technologies and infrastructure positions the Company to deliver the next phase of revenue and earnings growth. CONTINUED DEVELOPMENT LAUNCH OF ONEWATCH™ INVESTMENT IN OF ‘NEXT GEN’ SOLUTION INFRASTRUCTURE ⇾ Embedded racebook ⇾ Proactive m

  6. Slide 6: H1 FY24 Financial Results

    H1 FY24 FINANCIAL RESULTS Substantially improved financial metrics; moving closer to profitability.

  7. Slide 7: Profit & Loss

    H1 FY24 FINANCIAL RESULTS PROFIT & LOSS H1 Revenue of $51.4m, up 9.9% Variance ⇾ Driven by new customer growth. H1 FY24 H1 FY23 $ % Revenue 51.36 46.74 4.62 9.9% Gross Profit margin 64%: Gross profit 33.07 30.19 2.88 9.5% ⇾ Flat GP margin compared to pcp. ⇾ GP margin expected to strengthen in H2 FY24,

  8. Slide 8: Revenue Performance

    H1 FY24 FINANCIAL RESULTS REVENUE PERFORMANCE Global Betting Services ⇾ This division includes revenues formerly recognised in the Global +9.9% Racing Network. ⇾ Revenues are driven by expanding Platform, API and Managed Trading Services. +5.6% ⇾ Global Betting Services revenue grew despite a downwa

  9. Slide 9: Normalising the Cost Base

    H1 FY24 FINANCIAL RESULTS NORMALISING THE COST BASE $140 The Company reported H1 FY24 costs of $52.8m. During the half, the Company also capitalised $3.3m of staff costs in relation to the development of the ‘Next Gen’ platform. $120 $5.8m $100 ($’m) The Company is targeting a 10% reduction in costs

  10. Slide 10: Balance Sheet & Cash Flow

    H1 FY24 FINANCIAL RESULTS BALANCE SHEET & CASH FLOW $18.1 million in unrestricted cash, and nil debt. BALANCE SHEET ⇾ Closing cash balance of $36.5 million; unrestricted cash balance of $18.1 million. 31-DEC-23 30-JUN-23 ⇾ The Company capitalised $3.3 million in employment costs related to the devel

  11. Slide 11: Business Strategy and Outlook

    BUSINESS STRATEGY AND OUTLOOK Shaping the future of global racing.

  12. Slide 12: Global Footprint

    BUSINESS STRATEGY & OUTLOOK GLOBAL FOOTPRINT 30+ 60+ 225+ 45+ 414 9 active online wagering racing regulatory employees worldwide countries operators partners licenses (at Dec 31, 2023) offices © 2024 BetMakers Technology Group Limited. Confidential & proprietary. FY24 HALF YEAR RESULTS | 12

  13. Slide 13: Our Streamlined Operating Model

    BUSINESS STRATEGY & OUTLOOK OUR STREAMLINED OPERATING MODEL Simplified operating model to two key segments: © 2024 BetMakers Technology Group Limited. Confidential & proprietary. FY24 HALF YEAR RESULTS | 13

  14. Slide 14: H2 FY24 Divisional Focus

    BUSINESS STRATEGY & OUTLOOK H2 FY24 DIVISIONAL FOCUS ⇾ Launch the AdVantage Platform in partnership with PA Betting Services, ⇾ Continue the roll out of the new OneWatch™ terminal monitoring solution to all leveraging ‘Next Gen’ technology to offer a new turn-key path to more operators BetLine client

  15. Slide 15: ESG Initiatives

    BUSINESS STRATEGY & OUTLOOK ESG INITIATIVES BetMakers continues to focus on ESG initiatives. Social ⇾ BetMakers’ Board now has a gender ratio of 50% female. ⇾ BetMakers’ October 2023 employee engagement survey scored the Company 76% on diversity and inclusion. ⇾ BetMakers implemented a program to al

  16. Slide 16: FY24 Strategic Focus & Outlook

    BUSINESS STRATEGY & OUTLOOK FY24 STRATEGIC FOCUS & OUTLOOK Pursue Positive Cash Flow 1. Focused on reducing and managing the cost base to under $110m for FY24; Targeting low double digit revenue growth in FY24 compared to FY23. Sharpen Focus 2. Now streamlined to the Global Betting Services and Glob

  17. Slide 17: Investor Questions

    INVESTOR QUESTIONS Email: investors@betmakers.com

  18. Slide 18: Disclaimer

    DISCLAIMER This shareholder update is dated 28 February 2024. The material contained in this document is a presentation of general information about the activities of BetMakers Technology Group Limited (the Company or BET) as at the date of this update. All monetary figures quoted within this documen

  19. Slide 19: Thank You

    THANK YOU BetMakers Technology Group Ltd www.betmakers.com Copyright © 2024 BetMakers Technology Group Limited. All rights reserved.

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