Allwyn Ag · ATHEX:ALWN
Allwyn — SAZKA Group — Q1 2021 Earnings Presentation
21 slides from Allwyn's earnings presentation, Jun 14, 2021
Slide 1: Q1 2021 Results
Q1 2021 RESULTS 14 June 2021
Slide 2: Robert Chvatal, CEO; Kenneth Morton, CFO
Robert Chvatal, CEO Kenneth Morton, CFO 2
Slide 3: Business and strategic update
Business and strategic update 3
Slide 4: Q1 2021 highlights
Q1 2021 highlights ▪ Strong Q1 2021 performance € millions Q1 2021 Q1 20202 ∆ - Best ever quarter for Austrian GGR 526.3 405.3 30% Lotteries, Czech Republic, Italy and Stoiximan, with very good top line NGR 6% 283.0 266.8 performance and cost control - Partially offset by closure of OPAP Adjusted EB
Slide 5: Quarterly business highlights
Quarterly business highlights GGR and Operating EBITDA by entity (€ millions) and % change vs. PY -8% -28% -10% -22% -17% -36% Austria: ▪ GGR and Operating EBITDA reflect strong performance of Austrian Lotteries, while Austrian and international 309 226 323 277 257 casinos impacted by closure and fi
Slide 6: Quarterly business highlights (continued)
Quarterly business highlights (continued) GGR and Operating EBITDA by entity (€ millions) and % change vs. PY Greece and Cyprus1: -17% -53% -1% -48% -47% -29% ▪ Q1 2021 GGR -47% due to agents’ stores and gaming hall closures for almost all of Q1 ▪ Operating EBITDA -29%, with top line impact mitigate
Slide 7: COVID – Q1 and current impact summary
COVID – Q1 and current impact summary Q1 ▪ POS in the Czech Republic, Austria and Italy open and functional - COVID-related restrictions still in place, however minimal impact on sales via POS network ▪ Substantial impact on physical retail operations in Greece and Cyprus as well as CASAG’s casino b
Slide 8: Online and iGaming momentum
Online and iGaming momentum Czech Republic – online GGR in CZK Czech Republic– physical retail GGR in thousands CZK thousands ▪ Online – not just a key channel but also a tool to 400,000 16% 39% 800,000 drive growth and protect 350,000 700,000 players through data 300,000 600,000 500,000 250,000 200
Slide 9: Product launches and innovation – Q1 highlights
Product launches and innovation – Q1 highlights New and revitalised products New technology and UI ▪ Continuing to grow and improve our products, channels and technology NEW special across geographies event draws NEW in-house ▪ Continuing to successfully sports-betting implementing proven platform a
Slide 10: Product launches and innovations – gamification and our loyalty stack
Product launches and innovations – gamification and our loyalty stack ▪ Gamification and an Gamification and loyalty stack integrated approach to – examples from the Czech Republic loyalty can improve customer experience across Lottery Lottery Sazkabet Sazka Games gaming verticals, driving Retail On
Slide 11: Key strategic developments
Key strategic developments Q1 2021 ▪ In January, we acquired a 4.31% shareholding in CASAG, taking our interest to 59.80% ▪ Shareholding in OPAP increased to 44.11% (economic interest to 37.08%) through market purchases ▪ €500 million Apollo investment in SAZKA Entertainment, the immediate parent co
Slide 12: Financial update
Financial update 12 SaZKa GROUP
Slide 13: Consolidated P&L
Consolidated P&L ▪ Consolidated P&L reflects consolidation of CASAG since € millions Q1 2021 Q1 20201 ∆ Q3 and Stoiximan since December 2020 GGR 526.3 405.3 30% ▪ GGR +30% for Q1 NGR 283.0 266.8 6% ▪ Adjusted EBITDA + 4% Operating expenses -278.6 -207.5 34% ▪ Adjusted EBITDA margin Share of profit o
Slide 14: LTM pro-rata data
LTM pro-rata data As at 31 March 2021, pre IFRS 16 basis Czech Greece and € millions Austria Italy Corporate1 Total Republic Cyprus Pro-rata LTM Adjusted EBITDA1 69.9 88.2 108.5 109.2 (15.4) 360.3 Pro-rata net debt (85.8) (63.3) 205.0 (56.6) 1,443.4 1,442.7 Gross debt (100%) 153.3 - 1,042.5 - 1,547.
Slide 15: Key financing transactions
Key financing transactions ▪ In Q1, SAZKA Group drew €80 million from its RCF; undrawn capacity is €110 million ▪ In February, OPAP extended the maturity of a €100 million undrawn credit facility from 27 March 2021 to 27 March 2022. 15
Slide 16: Dividends and distributions
Dividends and distributions Q1 2021 ▪ In March, LottoItalia declared a dividend and distribution of €176 million of which the Group received €57.1 million ▪ In March, Austrian Lotteries declared a dividend to be distributed in two instalments; €61 million was paid in April and €30 million is to be p
Slide 17: Thank you!
17 Thank you! SaZKa GROUP
Slide 18: Apollo investment
Apollo investment ▪ Strategic investment by Apollo funds to support Sazka Group’s global expansion in the lottery and gaming sectors ▪ Apollo is one of the world’s leading investors in gaming and largest alternative investment managers ▪ Effected through an investment into SAZKA Entertainment AG, a
Slide 19: OPAP GGR contribution
OPAP GGR contribution ▪ OPAP paying cash GGR contribution on Lottery and Betting concession revenues at 5% of GGR since mid- October vs 35% previously ▪ The Lottery and Betting Concessions include lottery and keno games and sports betting, but do not include VLTs, scratchcards, or horse racing - ~70
Slide 20: Alternative performance measures
Alternative performance measures This presentation includes non-IFRS performance measures, including amounts staked, Operating EBITDA, Adjusted EBITDA, Operating EBITDA margin and pro rata financial information. Please refer to SAZKA Group’s Management’s discussion and analysis of financial conditio
Slide 21: Disclaimer
Disclaimer This presentation was produced by SAZKA Group a.s. This presentation is not to be reproduced or distributed, in whole or in part, by any person other than SAZKA Group a.s. This presentation does not represent an offer, constitute or form part of, and should not be construed as an advertis