Fortuna Entertainment Group NV

Transcription

1 Fortuna Entertainment Group NV Q Financial Results May 10, 2012

2 Agenda Introduction Vladan Crha, IR Q Financial Results Michal Vepřek, CFO 2012 Products & Strategy Wilf Walsh, Vice Chairman of the Board and Interim CEO Q&A 2

3 Fortuna - Leading CEE Betting Operator Pop million 36k registered users 9k registered on-line users No. 1 market position (32%) Retail & Online 13% Group Amounts Staked Pop million 146k registered users No. 2 market position (30%) Retail & Online & Lottery 56% Group Amounts Staked Pop. 5.4 million 47k registered users No. 2 market position (30%) Retail & Online 30% Group Amounts Staked 3

4 Q Financial Results 4

5 EUR mil. EUR mil. Financial Highlights Q Sports Betting Amounts Staked EUR million (-4.9%) Gross Win EUR 28.1 million (+6.1%) Gross Win from on-line EUR 10.2 million (+24.2%) EBITDA EUR 9.6 million (+13.8%) Lottery Lottery total Amounts Staked EUR 5.2 million Gross Win EUR 2.6 million EBITDA EUR -1.2 million Group Total Amounts Staked EUR million (-0.3%) Gross Win EUR 30.7 million 15.9% EBITDA EUR 8.4 million (-0.3%) ,5 28,1 22,2 16,9 18,3 18,0 Q1/10 Q1/11 Q1/12 GW retail GW online 42.3% 13.8% 9,6 8,4 5,9 Q1/10 Q1/11-1,2 Q1/12 EBITDA SB EBITDA Lottery Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 5

6 High margin performance in Sports Betting In EUR million Q Q change % Amounts Staked SB (4.9%) Gross Win SB % Revenues SB % EBITDA SB % Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 6

7 Lottery on Plan In EUR million Q Q change % Amounts Staked Lottery n/a Gross Win Lottery n/a Revenues Lottery n/a EBITDA Lottery (1.2) 0 n/a Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 7

8 Top Line Profitability Retained In EUR million Q Q change % Amounts Staked (0.3%) Gross Win % Revenues % EBITDA (0.3%) Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 8

9 EUR mil. EUR mil. EUR mil. Increased Profit and Growing Margins Amounts Staked Gross Win ,2 108, , % 28, ,2 Q Q ,6 Q Q AS Sports Betting AS Lottery GW sport betting GW lottery Gross Win by Channel Profits as a % to Amounts Staked 20 18,3 18,0 Q Q ,2 8,2 2,3 Q Q Gross Win Margin (SB) Gross Profit Margin (SB) 23.2% 25.9% 18.5% 20.2% GW Retail GW Online GW Lottery Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 9

10 Sport Betting by Territory Amounts Staked Gross Win PL 15,6 13,6 14,9 Q ,8 9.9% 14.7% Q PL 5,4 Q ,1 Q Q Q SK 32,3 39,2 34,6-11.6% SK 7,4 9,3 9,3 0.1% CR 50,2 60,9 58,1-4.6% CR 10 11,8 12,6 7.0% EUR mil EUR mil. Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 10

11 Contribution by Channel and Territory Total Gross Win +15.9% (inc. Lottery) Gross Win Sports Betting Growth +6.1% Gross Win Online +24.2% Gross Win Retail (1.9%) Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 11

12 CZK thous. CZK thous. No. of POS Lottery Trading Performance Q Lottery sales Terminals Jan-12 Feb-12 Mar-12 Apr-12 Scratch cards Loto Zlatých 11 Mobile top ups No. of terminals 1,903 at the end of April Mobile top ups sales stable 0 Source: Calculated based on FEG consolidated unaudited financial results for Q and Company information FX rates used for translation: average ČNB and National Bank of Poland 12

13 Dividend Declaration The Management Board of Fortuna will propose to the upcoming AGM dividend payment of 90% of the 2011 consolidated net profit It represents EUR 0.23 per share and 6 % dividend yield (based on share price CZK 97) Record date was set to June 8, 2012 (based on T + 3 settlement) and payment date to June 25, 2012 The dividend will be subject to approval of the AGM on May 25,

14 Products & Strategy 14

15 No. of tickets On-line in Poland on track Huge potential for on-line betting development Over 9,000 on-line users registered at efortuna.pl since end of January most of them are new to Fortuna EURO 2012 buzz has already started On-line tickets Jan 2012 Feb 2012 Mar

16 On-line in Poland on track Biggest number of customers come to efortuna.pl from Województwo śląskie W. mazowieckie W. dolnośląskie Sports by popularity - betting 3% 11% 6% 8% 11% 61% Football Tennis Ice-hockey Basketball Voleyball Other 16

17 On-line in Poland on track Typical customer : male between years On-line attracts younger customers Average bet about 9 PLN 100% 80% 60% 40% 20% Age 50+ Age Age % On-line users All registered clients 17

18 UEFA EURO 2012 Full utilization of Fortuna internet expertise Acquisition of new customers to on-line betting across the region Leverage first to market position in Polish on-line Fortuna offers number of attractive benefits and prizes for newly registered customers 18

19 Q Results Strong Margins and prudent cost control High Margins in Sports Betting Boosting Return Group s Gross Win EUR 30.7 million (+15.9%) Gross Win SB EUR 28.1 million (+6.1%) Gross Win Lottery EUR 2.6 million Group s EBITDA EUR 8.4 million (-0.3%) EBITDA SB EUR 9.6 million (+13.8%) EBITDA Lottery EUR -1.2 million 19

20 Outlook 2012 Building on record breaking 2011 performance: Transforming, investing in and innovating the on-line and on-the-move offer Ensure No. 1 market position for efortuna.pl Exploiting business potential of EURO 2012 Utilizing our established, trusted retail network Operating with social responsibility in regulated markets with political acceptance of sports betting as a social/leisure activity 20

21 IR Calendar & Contacts Event Date AGM May 25, 2012 Dividend Record Date June 8, 2012 Dividend Payment Date June 25, 2012 Half Year 2012 Report August 29, 2012 Q Interim Report November 8, 2012 IR Contacts Vladan Crha IR Director Klára Klímová IR Consultant

22 Disclaimer This document has been prepared by Fortuna Entertainment Group N.V:. (the Company ) solely for use at the Presentation. Any forward looking statements concerning future economic and financial performance of the Company contained in this Presentation are based on assumptions and expectations of future development of factors having a material influence on the future economic and financial performance of the Company. These factors include, but are not limited to, the legal environment, the future macroeconomic situation, the market competition, the future demand for betting services. The actual development of these factors, however, may be different. Consequently, the actual future financial performance of the Company could materially differ from that expressed in any forward looking statements contained in this Presentation. Although the Company makes every effort to provide accurate information, we cannot accept liability for any misprints or other errors. In preparation of this document we used certain publicly available data. While the sources we used are generally regarded as reliable we did not verify their content. Fortuna does not accept any responsibility for using any such information. This document is provided for information and as a matter of record only. It does not constitute an offer to sell or a solicitation of an offer to buy or sell securities or other financial instruments in any jurisdictions or any advice or recommendation with respect to such securities or other financial instruments of the Company. The distribution of this document in certain jurisdictions may be restricted by law. This document may not be used for, or in connection with, and does not constitute, any offer to sell, or an invitation to purchase, any securities or other financial instruments of the Company in any jurisdiction in which such offer or invitation would be unlawful. Persons in possession of this document are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. 22