Better Collective A/S : Q1 2024 Webcast Presentation

Q1 2024

Webcast presentation

Forward-looking statement

This presentation contains certain forward-looking statements and opinions. Forward-looking statements are statements that do not relate to historical facts and events and such statements and opinions pertaining to the future that, for example, contain wording such as "believes", "deems", "estimates", "anticipates", "aims', "expects", "assumes", "forecasts", "targets", "intends", "could", "will", "should", "would", "according to "estimates", "is of the opinion", "may", "plans", "potential", "predicts", "projects", "to the knowledge of" or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions concerning the future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability and general economic and regulatory environment and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Forward-looking statements are inherently associated with both known and unknown risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial condition and results of operations, to differ materially from the results, or fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. The Company can give no assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events may not occur. Moreover, the forward-looking estimates and forecasts derived from third-party studies may prove to be inaccurate. Actual results, performance or events may differ materially from those in such statements due to, without limitation: changes in general economic conditions, in particular economic conditions in the markets on which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rates, changes in competition levels, changes in laws and regulations, and occurrence of accidents or environmental damages and systematic delivery failures.

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Agenda

• Q1 highlights

1. Financial performance

1. Business review

IV Key takeaways

Jesper Søgaard	Flemming Pedersen	Mikkel Munch-Jacobsgaard
Co-founder & CEO	EVP & CFO	VP Group Strategy,
		IR & Corporate Communication

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2024 got off to a good start

Group revenue up 8%

Recurring revenue

growth of 14%

Launched online

sports betting with

commercial success in

North Carolina

EBITDA down 13% as expected due to tough comparisons

Acquired leading UK sports betting media AceOdds

Completed acquisition of Playmaker Capital with integration progressing as planned

Q1 was as expected

and financial target were upgraded post the AceOdds

acquisition

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Financial performance

By Flemming Pedersen

EVP & CFO

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Despite tough comparisons from last year Q1 got off to a good start

Revenue mEUR	*EBITDA mEUR
	Before special items

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Recurring revenue continues to compound

Recurring revenue mEUR

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Financial targets were upgraded following AceOdds acquisition

2024 targets released with	New 2024 targets
the 2023 fully year report	following AceOdds acquisition
●	Revenue of 390-420 mEUR	●	Revenue of 395-425 mEUR
	implying 19-29% growth		implying 21-30% growth
●	EBITDA of 125-135 mEUR	●	EBITDA of 130-140 mEUR
	Implying 13-22% growth		Implying 17-26% growth
●	Net/debt to EBITDA stay below 3x	●	Net/debt to EBITDA stay below 3x

2023-2027 targets updated

following Playmaker Capital acquisition

• Revenue CAGR of +20%
• EBITDA margin before special items of 35-40% (previously 30-40%)
• Net debt to EBITDA before special items of <3

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Business review

By Jesper Søgaard Co-founder & CEO

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Great Q1 performance and continued business diversification

• Good performance across markets
• Strongest commercial position ever in North America
• Successful integration of Playmaker Capital
• Busy and exciting summer ahead

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