Better Collective A/s · OMXCOP:BETCO_DKK
Better Collective A/s — Shareholder Meeting (April 2019)
30 slides from Better Collective A/s's shareholder meeting presentation, Apr 25, 2019
Slide 1: Annual General Meeting 2019
BETTER COLLECTIVE Annual General Meeting 2019 April 25, 2019
Slide 2: Agenda
| Agenda d) 10. www.be Appointment of chairman of the general meeting. The board of directors’ report on the activities of the company during the past financial year Presentation of the audited annual report and the consolidated financial statements for the financial year 2018 for adoption. Resoluti
Slide 3: Chairman's report
’s report al |'Chairman Jens Bager
Slide 4: IPO on Nasdaq Stockholm
| IPO on Nasdaq Stockholm = Price per share in the Offering: SEK 54 = Current ownership structure: = Value of the Offering : SEK 756 million = Founders and management: 63.9% = Top 10 shareholders 77.8% 180 www.bettercollective.com Catena BC Cherry GIG XLMedia Raketech ‘Stockholm OMX Mid Cap Page4
Slide 5: Acquisitions and US opportunity
| Acquisitions and US opportunity 13 acquisitions completed since 2017 a= — =@Pades ~ e Wettbasis.com cy geal = Fy PARIURIX WETT PORTAL.COM PULL MEDIA 85 mEUR M&A total value in 2018 www.bettercollective.com PageS
Slide 6: Highlights Full Year 2018
| Highlights Full Year 2018 Revenue Earnings Cash Flow Capital structure +4'7% 16.1 mEUR Full year EBITA (bef. special items) +60% 15.2 mEUR Full year cash flow from operations (bef. special items) 51 mEUR by end of 2018 Cash and unused credit facilities +54% 40.5 mEUR Full year revenue The board pr
Slide 7: Board of directors
| Board of directors Jens Bager Chairman BC since 2016 Chairman of Remuneration committee www.bettercollective.com Klaus Holse Board member BC since 2017 Member of Remuneration committee Seren Jorgensen Board member BC since 2014 Leif Norgaard Board member BC since 2014 Chairman of Audit committee M
Slide 8: 2018 Remuneration to Executive Directors
Jesper Christian Kirk Flemming 2018 Remuneration to Executive Directors Søgaard Rasmussen Pedersen Total Wages and salaries - excl. bonus 220 220 306 746 Bonus 27 27 0 54 Pensions, defined contribution 27 27 49 104 Other social security costs 0 0 0 1 Share-based payments 0 0 91 91 Total 275 275 447
Slide 9: LTI program Introduction
| LTI program Introduction = The Remuneration Committee governs remuneration to Executive Management (CEO, COO and CFO) and the share based LTl-programs for key employees = Remuneration and LTI program are within the company’s guidelines for incentive remuneration, adopted at the AGM in April 2018 a
Slide 10: www.bettercoltective,com —¢
www.bettercoltective,com —¢
Slide 11: At-A-Glance
At-A-Glance Better Collective is the leading developer of digital platforms within the iGaming industry. Through our products, we aim to make sports betting and gambling entertaining, transparent and fair. ‘4 mn #1SPORTS BETTING FINANCIAL AFFILIATE PERFORMANCE 7M+ 40.5 UNIQUE VISITS mEUR PER MONTH R
Slide 12: Proven acquisition model
| Proven acquisition model 13 acquisitions completed since 2017 * Preferred characteristics: = Strong market position = Operation in regulated market = Sports betting as primary focus = Acquisition model = Establish local office (when applicable) = Fast integration with BC tech (APIs) = Unique data
Slide 13: Highly attractive growth in European markets
| Highly attractive growth in European markets High growth in current markets EUROPEAN SPORTS BETTING MARKET DEVELOPMENT bnEUR 20.6 CAGR 18.9 193 199 "17-20E ti 3.79% Land based © Online incl. mobile Mobile “Source: H2 Gambling Capital per February 21, 2019, 2018 numbers: 2018P 2019E 2020E 2021E are
Slide 14: Global sports betting market by region
185.8 75.0 74.8 33.3 2.8 Europe Africa Asia & America World Oceania of which 46.1% 8.6% 15.6% 4.6% 16.6% online
Slide 15: Strategy - continuing the growth journey
| Strategy - continuing the growth journey No. 1 affilliate company within sports betting ORGANIC = Best products for sports betting and casino GROWTH = Preferred partner for operators CONSOLIDATE THE INDUSTRY GEOGRAPHICAL THROUGH EXPANSION ACQUISITIONS = Short-medium term; dedicated focus on US www
Slide 16: Growth - 3x in years
| Growth - 3x in 2 years REVENUE EBITA BEFORE SPECIAL ITEMS MEUR mEUR ~51.7* @ BC Group as @ BC Group as 1 reported : -24.9* reported BC full year ' . BC full year ownership of CAGR = 51%, : ownership of acquisitions 1 acquisitions vee 161 fm 161 , * Proforma number . : * * Proforma number unaudited
Slide 17: Thanks to employees
| Thanks to employees www.bettercollective.com Q2 2018 presentation Page 17
Slide 18: Q&A session
Q&A session Se ee a Page 18 www.bettercollective.com
Slide 19: Agenda items 3-5
| Agenda items 3-5 3. Presentation of the audited annual report and the consolidated financial statements for the financial year 2018 for adoption. 4. Resolution on the appropriation of profits as recorded in the approved annual report. 5. Resolution to grant discharge of liability to members of the
Slide 20: Nomination committee composition
In accordance with shareholders’ decision, the nomination committee has been appointed and is composed by four members in total: Daniel Nyvang Mariussen (Chairman), appointed by Bumble Ventures and Better Partners Martin Jonasson, appointed by Andra AP Fonden Michael Knutsson, appointed by Knu
Slide 21: Board of directors
| Board of directors ch { , ‘fi 4 Jens Bager Klaus Holse Seren Jorgensen Leif Norgaard Petra von Rohr Chairman Board member Board member Board member Board member BC since 2016 BC since 2017 BC since 2014 BC since 2014 BC since 2018 www.bettercollective.com Page 21
Slide 22: Proposed board remuneration
The remuneration of the chairman of the board of directors is proposed to be increased to a total of EUR 60,000 (EUR 40,000 previous year), and the remuneration to the other members of the board of directors to be increased to a total of EUR 20,000 each (EUR 13,000 previous year), The remunera
Slide 23: Auditor election proposal
The nomination committee proposes, in accordance with the audit committee’s recommendation, to re-elect Ernst & Young Godkendt Revisionspartnerselskab as auditor until the close of the next annual general meeting. Further, and in accordance with the audit committee’s recommendation, we propose t
Slide 24: Agenda items 6-8
| Agenda items 6-8 6. Election of members of the board of directors, including the chairman of the board of directors 7. Approval of the board of directors’ remuneration for the current financial year 8. Election of auditor and determination of remuneration for the auditor www.bettercollective.com P
Slide 25: Agenda item 9
| Agenda item 9 9. Proposals from the board of directors or the shareholders a) Proposal to establish an incentive program, including an authorization to the board of directors to issue warrants to key employees and members of the executive management 6b) Proposal to authorise the board of directors
Slide 26: Proposal to authorise share capital increase
9 b) Proposal to authorise the board of directors to increase the | company’s share capital without pre-emption rights for the existing shareholders The board of directors proposes that the general meeting in the period until the annual general meeting to be held in 2020 authorises the board of dire
Slide 27: Proposal to acquire treasury shares
| 9 c) Proposal to authorize the board of directors to acquire treasury shares It is proposed to authorise the board of directors to pass a resolution on acquisition of treasury shares on the following terms: J. The company may acquire up to nominal EUR 40,487.11 treasury shares in the period until
Slide 28: Proposal to amend terms of issued warrants
| 9 d) Proposal to amend terms of issued warrants The board of directors proposes to change the terms of the warrants issued to members of the board of directors and the company’s key employees on 25 August 2017, 22 March 2018 and 11 April 2018. Reference is made to items 4.1-4.4 and schedules 1 and
Slide 29: Proposal on authorisation to the chairman of the meeting
10 Proposal on authorisation to the chairman of the meeting The board of directors proposes to authorise the chairman of the general meeting - with right of substitution - to file the resolutions passed with the Danish Business Authority and to make such amendments to the resolutions passed by the g
Slide 30: Thank you
Thank you f} aw ; ey >