Company presentation. bet-at-home.com AG March 2016

Transcription

1 Company presentation bet-at-home.com AG March 2016

2 bet-at-home.com is a Europe-wide leading online gaming provider with offices in Austria, Germany, Malta and Gibraltar a listed company with 264 employees and 4.3 million registered customers worldwide an extensive brand with a high level of awareness in the European core markets a promiment partner in top sports, present throughout Europe Fact sheet FY 2015: Sports betting, casino, games, poker and virtual sports Gaming Volume of EUR 2,410.8 million Listed in Frankfurt (Entry Standard) in TEUR FY 2012 FY 2013 FY 2014 FY 2015 Gross gaming revenues 85,458 85, , ,608 EBITDA 1,826 14,982 26,731 31,690 Registered user in thousand 3,235 3,583 3,985 4,269 Sponsoring highlights in 2015: Number of employees

3 PRODUCTS Wide range of products in the gambling sector Key figures in million EUR, financial year 2015 ONLINE SPORTSBETTING Sports betting More than 345,000 events in over 75 types of sports have been offered in the financial year 2015 Core product of the company since 2000 Soccer is the dominating sports, followed by tennis Significant odds are created ourselves Customer service in 17 languages Live betting 68,000 live events in the financial year 2015 GGR*: EUR 61.2 million Significant growth driver in the sports betting sector supported by a mobile platform for smartphones and tablets Odds for significant live events are created ourselves Ongoing expansion and improvement of the live betting offer ONLINE GAMING GGR*: EUR 60.4 million Casino Live-Casino Games Virtual Poker 130 casino games Roulette Blackjack Slotmachines Jackpots Propoer casino atmosphere Live-broadcast of casino tables Interaction with croupiers 46 games online Mini Games Lottery games Virtual simulations High-quality 3D videos Realistic experience 24/7 availabilty Virtual poker tables 8 kinds of poker Daily tournaments Poker school Promotions * Gross Gaming Revenue is the most important figure in the e-gaming market = turnover customers winnings 3

4 ONLINE GAMING MARKET Development of the world market for online gaming 60,0 50,0 40,0 30,0 20,0 10,0 0,0 World market in billion USD 53,4 48,3 43,7 39,5 37,6 35,8 33,6 30,3 25,8 22,9 17,7 18,3 13,8 10,1 7, e 2016e 2017e 2018e 59,1 Mobile gaming as key growth driver Ongoing optimization of products for tablets and smartphones Consumer behavior requires independent gaming 24/7 Mobile launch took place in December 2013 since then strong growth in financial year % of gross gaming revenues were generated via mobile devices strong upward trend Source: Statista, H2 Gambling Capital 4

5 INTERNATIONAL LICENSING Overview of gaming-licenses of the bet-at-home.com group Licenses of the following authorities entitle the bet-at-home.com AG group to offer online sports betting and online gaming services within Europe: MGA (Malta Gaming Authority) for online sportsbetting, online casinos and online poker AAMS (Italy) for online sportsbetting and online casinos Interior ministry of Schleswig-Holstein (Germany) for online sportsbetting and online casinos UK Gambling Commission for online sportsbetting and online casinos Governement of Ireland for online sports betting The further progress of liberalization throughout the industry for online sports betting and online gaming will continue to enable the economically successful development of the group's operations: Improved predictability due to increasing legal certainty in the operating markets Persistent tax burden through the payment of betting fees and gaming levies 5

6 MARKETING ACTIVITIES Advertising expenditure in TEUR Key measures to increase efficiency since FY 2013: Ongoing analysis and optimization to improve efficiency in online marketing Strengthen efforts in customer loyalty through specific CRM International campaigns rather than regional promotion campaigns Focus on targeted premium sponsorship in international sporting events Other Sponsoring Online TV Print Voucher/Bonus 6

7 Financial Statement Financial year

8 FINANCIAL STATEMENT Profit & Loss Significant increase in gross gaming revenues in the financial year 2015 Key figures in TEUR P&L in TEUR FY 2014 Q Q Q Q FY 2015 Gross gaming revenue 107,026 28,448 28,298 30,747 34, ,608 Betting fees and gaming levies -12,282-3,517-3,358-3,575-4,073-14,523 Value-added tax (VAT) 0-1,553-1,687-1,726-1,807-6,773 Net gaming revenue 94,744 23,378 23,253 25,446 28, ,312 New VAT regulations on electronic service providers within the European Union since January 2015 Other income Personnel expenses -14,410-3,660-4,071-3,722-4,067-15,520 Advertising expenses -41,061-6,488-8,727-11,654-9,582-36,451 Focused campaigns inlcuding Hertha BSC sponsoring deal Other operating expenses -13,091-4,021-4,139-4,040-5,374-17,574 EBITDA 26,731 9,554 6,446 6,136 9,554 31,690 Amortisation/Depreciation Improvement through deliberate cost control and increases in GGR EBIT 25,802 9,338 6,204 5,927 9,295 30,764 Financial result 1, ,177 EBT 27,460 9,835 6,743 6,492 9,871 32,941 8

9 BET-AT-HOME.COM SHARE Development stock chart financial year % 70% 60% bet-at-home.com AG DAX 50% 40% 30% 20% 10% 0% -10% 01/01/15 03/31/15 06/30/15 09/30/15 12/31/15 CHARACTERISTICS ISIN DE000A0DNAY5 FUNDAMENTALS 12/31/15 Market capitalisation EUR mio. SHAREHOLDER STRUCTURE Betclic Everest SAS % Stock exchange Frankfurt Enterprise Value I EUR mio. Freefloat % Market segment Entry Standard Enterprise Value II EUR mio. Management 3.75 % Number of shares Cash & cash equivalents EUR mio. Ticker Symbol ACX EV I) market capitalisation securities, cash (not including current amounts receivable from associated companies) EV II) market capitalisation securities, cash current amounts receivable from associated companies 9

10 ANALYST CONSENSUS Consensus estimates of independent research analysts for the financial year 2015 in TEUR FY 2012 FY 2013 FY 2014 Ø ESTIMATE 2015 Net income 1,705 14,505 25,643 27,600 Earnings per share Dividend RESEARCH COVERAGE Date Analyst Target Rating 03/01/2015 Silbe/Thomalla, Oddo Seydler EUR BUY 03/02/2016 Bayer, Hauck & Aufhäuser EUR BUY 03/01/2016 Räther, Warburg Research EUR BUY All research reports are available for download (PDF) on the Investor Relations website: 10

11 OUTLOOK Guidance Financial Year 2016 From the current point of view, the management board assumes that if the regulatory and fiscal environment remains unchanged, the gross gaming revenues will increase by 10% and reach the level of million euros in fiscal year For fiscal year 2016, the management board expects from a current perspective an EBITDA at the level of about 30.0 million euros. 11

12 INVESTOR RELATIONS FINANCIAL CALENDAR /30/2016 Annual Report /02/2016 Interim Report Q CONTACT Klaus Fahrnberger / ir@bet-at-home.com 05/18/2016 Annual General Meeting /01/2016 Interim Report Q /12/2016 Half Year Report /07/2016 Interim Report Q /06/2017 Full Year Results

13 DISCLAIMER This presentation is for information purposes only and may not be copied in its entirety or in part, for any purpose or passed on to third parties or made public. This presentation contains written documentation or slides for a presentation on bet-at-home.com AG ("the company") and its operations. This presentation does not constitute a solicitation or offer to sell, purchase or subscribe to shares in the company. The information and opinions expressed therein do not form the basis of any contract or investment decision. This presentation contains forward-looking statements, that means statements which are not historical facts, including statements about the beliefs and expectations of the company and the company's objectives in regards to the future development of the business. These statements are based on current plans, estimates as well as projections and therefore should not be excessively evaluated by investors. Forward-looking statements are only relevant as of the date in which they are made and the company is not obliged to make such statements in terms of new information, future developments up to the latest date and publish revised statements.. Although this presentation has been prepared with the utmost care with respect to the accuracy of the facts, the material within this presentation has not been checked by the company. Neither the company, its managers or any third party offer any guarantee, expressed or implied in underlying the accuracy or completeness of this presentation, information or opinions. Neither the company or any of its members, managers, representatives or employees or any third party shall have any liability for any damages arising from the use of this presentation or its contents or in connection therewith. 13