Allwyn Results Presentation Deck

Made public by

sourced by PitchSend

5 of 32

Category

Published

December 2021

Slides

Transcriptions

#1Q3 2021 RESULTS 15 December 2021 Sazka GROUP#22 Presenting today Robert Chvatal, CEO Kenneth Morton, CFO Sazka GROUP#33 Business and strategic update Sazka GROUP#4Q3 2021 highlights ▪ Record financial performance in first quarter of 2021 without COVID-related restrictions Highest Gross gaming revenue ever Profitability at structurally higher levels ■ - Continuing to deliver on organic and inorganic growth strategies, leveraging our unique international B2C lottery platform Another quarter of strong online growth - Digitalization of retail channel Product and technology innovation Submitted bid to operate the UK National Lottery Notes: 1. GGR for Italy calculated as stakes - payout 2. Based on pro-rata GGR 4 Consolidated GGR €876m €285m Consolidated Adjusted EBITDA Online % of GGR +11.9% vs Q3'20 +59.2% vs Q3'20 +14.0% vs Q3'20 +26.7% vs Q3'20 +87.6% vs Q3'19 +40.0% vs Q3'20 +99.4% vs Q3'19 Product split VLT and Casinos 7% Sports Betting 9% iGaming 10% Q3'21 LTM GGR¹,2 Lottery 74% Sazka GROUP#5SAZKA Entertainment re-brands to Allwyn ▪ SAZKA Entertainment, the parent company of SAZKA Group, has rebranded to Allwyn ▪ The name was inspired by an Anglo-Saxon word that meant "wise friend" or "guardian" ■ ■ 5 The Allwyn brand will support our long-term global growth ambitions Allwyn will continue to operate its games under its iconic local brands Sazka Entertainment Sazka Euro miliony LOTTOITALIA EURO JACKPOT tipp3 Sazka HRY play TOKEP 2 Österreichische LOTTERIEN EXTRA RENTA Local brands Million DAY Stastnych 10 Ⓒ BETANO sportka Sazka EURO MILLIONEN allwyn CASINOS AUSTRIA opap STOIXIMAN IL GIOCO DEL LOTTO Sazka BET 10e LOTTO win2day τύχη στη στιγμή JOKER GR BRIEF LOS RUBBEL LOS! WINWIN Sazka LOTTO KINO 0000000 CASINOS AUSTRIA INTERNATIONAL Sazka GROUP#6COVID impact summary The first quarter in 2021 without material impact from COVID-related restrictions Q1 - Q2 2021 POS in the Czech Republic, Austria and Italy open and functional, no material impact from restrictions Substantial impact on physical retail operations in Greece and Cyprus as well as casino business Agents' stores in Greece and VLT halls shut for almost all of Q1 and into Q2 Casinos and gaming halls in Austria and most international casinos closed throughout Q1 and into Q2 Online sales at structurally higher levels ■ ■ ■ Q3 2021 All physical retail operations open, no material restrictions Online sales growth momentum continues ■ ■ - 6 Sazka GROUP#7Strong financial performance continues Revenues and profitability significantly above pre-pandemic levels NGR 321 Q3'19 Adjusted EBITDA 44.5% 143 3 Q3'19 93.5% I Consolidated financials 1344 68.5% Q3'19 EBITDA Margin¹ 456 Q3'20 Q3'20 Adjusted FCF (Adjusted EBITDA - Capex) 92.2% 44.7% 99.4% 204 106.1% 188 Q3'20 Cash Conversion² 541 Q3'21 52.7% 285 Q3'21 96.6% 276 Q3'21 NGR 218 Q3'19 Adjusted EBITDA 41.5% 91 Q3'19 3 93.1% I 84 4 Pro-rata basis Q3'19 46.7% Q3'20 Adjusted FCF (Adjusted EBITDA - Capex) 93.5% 258 Q3'20 46.3% 81.0% 119 86.3% 111 Q3'20 Notes: 1. Calculated as Adj. EBITDA/NGR; 2. Calculated as (Adj. EBITDA - Capex)/Adj. EBITDA; 3. Operating EBITDA; 4. Capex for Q3'19 illustratively assumed as FY 2019 divided by four 7 320 Q3'21 51.2% 164 Q3'21 95.9% 157 Q3'21 Sazka GROUP#8Strong online growth continues Data drives growth through cross-sell and supports player protection. ■ M 8 Strong online momentum continued in Q3 2021, including sales of lottery products through online channel and iGaming Online growth supported by Cross-selling, leveraging brands, website and app traffic from lottery players New product launches Acquisition of leading online player in Greece, Stoiximan (consolidated from December 2020) - Sales through physical retail also remain strong, once again demonstrating that the online growth does not cannibalize physical retail sales Austria GGR (excl. casinos and land-based sports betting) 35.0% 169 83% 53 84% 13 19% 396 148 90% 81% 54 Growth 81% 35 34 19% 17% Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Czech Republic GGR 39 17% 381 89% 46 48 10% 11% Q1/2019 Q2/2019 183 15 21% 83% 56 79% 39 18% 387 88% 178 18 21% 55 12% Q3/2019 82% 69 79% 40 20% 440 161 87% 80% 27% 54 20 73% 327 48 75% 83% 143 25% 23 33% 47 22% Q2/2020 Q3/2020 48 67% 10 16% Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Q2/2020 Q3/2020 Q4/2020 172 24 165 154.7% Online channel Physical retail channel 78% 32% 52 77 17% 68% Greece and Cyprus GGR (including Stoiximan for all periods) 76.3% 379 55 83% 64 55 76% 69 17% 24% 13% Q4/2019 Q1/2020 Q2/2020 Q3/2020 24% 33 179 Q4/2020 76% 34% 64 66% 171 108 39% Q4/2020 61 61% 25% 36 Q1/2021 37% 186 75% 123 70% 61 Q1/2021 63% 54 73% 27% 149 Q2/2021 40 39% 62 61% Q2/2021 287 106 73% 27% 52 30% Q1/2021 Q2/2021 52 75% 25% 153 Q3/2021 38 40% 56 60% Q3/2021 373 79% 97 21% Q3/2021 Sazka GROUP#9Loyalty programs drive retail Bringing the benefits of online to physical retail ■ I ■ 9 Through loyalty programs we continue to de-anonymise our physical retail customer base allows us to realize benefits (data, player protection) similar to data on online users Fully registered player base now similar in size to registered online players in the Czech Republic OPAP's loyalty program, launched in Q1 continues to build up, reaching almost 500k players by end of Q3 - Higher ARPU of draw-based games loyalty program customers de-anonymisation A quarter of retail Numerical Lottery stakes in the Czech Republic is de-anonymised 10% Q1 '19 246 Apr-21 13% Q4 '19 301 De-anonymised share of retail draw-based games stakes Strong momentum on loyalty program registrations in Greece Base evolution (thousands players) May-21 355 Jun-21 +88% 21% 394 Q4 '20 GGR Jul-21 420 24% Aug-21 Q3 '21 GGR 463 Sep-21 Sazka GROUP#10Product launches and innovation We continue to expand and improve our product offering, UX and technology ▪ We continue to successfully implement proven innovations across our geographies ■ 10 Leveraging our unique international B2C lottery platform Digitalisation of physical retail via loyalty scheme (Czech Republic → Greece) Event draws (Czech Republic → Austria) Online products and know- how (Czech Republic → Austria) Group play/ syndicates (Austria → Czech Republic) Advent scratch cards (coordinated across Austria, Czech Republic and Greece) New and revitalised products New technology and UI Nur am Freitag, den 13. Mit 1 Mio. Euro extra! LOWO Skupinové sázení SKUPINOVÉ SÁZKY 100.000€ 2003 AY BE S KEPAXPIRLOXIENNAR PRIHLÁSIT TYNFEX TIOMEX NEW special event draws NEW group play feature NEW Q3→ NEW OPAP Store App NEW Q3→ NEW Advent scratch card STOIXIMAN GR Rep NEW in-house sports-betting platform at Stoiximan NEW sports- betting app enhancements NEW iGaming app tournaments integration Digitalising physical retail NEW retail loyalty scheme Sazka GROUP#11Key strategic developments Continuing to deliver on our inorganic growth strategy UK National Lottery bid ■ Further increase in OPAP shareholding Continued to increase our interest in OPAP, including through open market purchases and by electing to receive dividend as scrip ▪ Interest increased from 45.36% at 30 June to 47.04% currently (economic interest of 40.19%) I Submitted our bid to operate the fourth UK National Lottery concession in October Result expected to be announced in Q1 11 Sazka GROUP#12Financial update 12 Sazka GROUP#13Q3 2021 financial highlights Strong performance exceeding pre-pandemic levels, driving strong de-leveraging ■ I Financial performance above pre-pandemic levels in all segments 13 Top-line growth and improved margins drive profitability Significant de-leveraging to close to 2.5x Pro-rata Net Debt / pro-rata LTM Adj. EBITDA 3.2x 3.2x 11 Q4'19A Q1'20A Q2'20A Q3'20A Q4'20A Q1'21A Q2'21A Q3'21A 2.9x 3.9x 2.9x 4.0x 3.1x 2.6x Consolidated GGR €876m Adjusted EBITDA €285m GGR €650m Pro-rata Adjusted EBITDA €164m +14.0% vs Q3'20 +87.6% vs Q3'19 +40.0% vs Q3'20 +99.4% vs Q3'19 +18.4% vs Q3'20 +36.6% vs Q3'19 +37.4% vs Q3'20 +81.0% vs Q3'19 Sazka GROUP#14Consolidated P&L ■ ■ ■ Both Q3 2020 and Q3 2021 largely unaffected by Covid-19 restrictions Strong GGR growth reflects Organic growth (primarily in the online channel) - Consolidation of Stoiximan, the leading iGaming and online sports betting operator in Greece (acquired majority and consolidated in Q4 20) Profitability at structurally higher levels, reflecting Benefit of restructuring in Austria - Higher profitability of online channel Structurally more favourable taxation in Greece after start of new concession in Q4 20 Notes: 1. Captures benefit from OPAP GGR tax prepayment 14 € millions GGR NGR Revenue from non-gaming activities¹ Other operating income Operating expenses Share of profit of equity investees Operating EBITDA Adjusted EBITDA Adjusted EBITDA margin Profit before tax Profit after tax Q3'21 876.2 541.0 50.9 69.5 18.2 285.1 52.7% Q2'21 A Q2'21 Q3'20 A Q3'20 197.5 740.1 18% 151.5 449.1 35.9 281.5 238.9 105.5 (34%) 20% 455.8 42% (398.1) (373.0) 7% (344.4) 16% 56.3% 163.3 21.4 (15%) 23.5 252.8 13% 140.1 18% 768.9 (4 p.p.) 21% 50.4 8% 11.3 196.6 203.7 44.7% 70.0 14% 52.1 19% 1% 515% (23%) 43% 40% 8 p.p. 182% 191% Sazka GROUP#15Quarterly segmental business highlights - Austria Restructuring program drives profitability ▪ Lotteries and iGaming continued to perform well though somewhat impacted by low jackpots ■ ■ Casinos operated without restrictions for first time in 21, delivering revenues at pre-pandemic revenues despite lower tourist footfall iGaming continued to grow very strongly (+21% yoy) ▪ Profitability significantly improved due to successful execution of restructuring program (€45m run-rate cost savings) 15 iGaming 14% VLT and Casinos 17% Sports Betting 2% Q3'21 LTM GGR 67% Lottery Gross Gaming Revenue, €m 306 285 52 Q1 39 256 Adjusted EBITDA, €m Q1 284 30 2019 42 ■2019 219 Q2 17 Q2 243 45 ■2020 ■2020 330 72 2.0% r 303 309 I I I Q3 I 17.1% 64 I Q3 I 2021 75 T ■2021 326 45 270 Q4 23 Q4 Sazka GROUP#16Quarterly segmental business highlights - Czech Republic Strong GGR growth and profitability continues ■ ■ Growth across all products and channels Online +59% YOY Retail + 9% YOY Numerical Lotteries + 23% YOY ■ Instant Lotteries + 10% YOY iGaming + 68% YOY ■ ■ ■ ■ Another quarter of strong topline growth and profitability 16 iGaming 22% Sports Betting 3% Q3'21 LTM GGR Lottery 75% Gross Gaming Revenue, €m 62 77 23 Q1 22 96 Adjusted EBITDA, €m Q1 67 30 2019 22 ■2019 67 Q2 22 Q2 101 31 ■2020 ■2020 71 26 29.1% 75 Q3 I 20 97 23.5% Q3 ■2021 I J 24 ■2021 86 24 96 Q4 18 Q4 Sazka GROUP#17Greece and Cyprus Quarterly segmental business highlights - Greece and Cyprus Bolt-on acquisition and structurally higher margin drive step change in performance ■ Both GGR and EBITDA significantly exceeded pre- pandemic levels - ■ Strong recovery after removal of COVID-related restrictions 17 Continuing strong performance at Stoiximan (leading online sports betting and iGaming operator in Greece, acquired majority and consolidated in Q4 20) Profitability supported by structurally more favourable taxation in Greece after start of new concession for largest games in Q4 20 VLT and Casinos 12% Sports Betting 34% iGaming 12% Q3'21 LTM GGR Lottery 41% Gross Gaming Revenue, €m 396 328 113 Q1 98 174 Adjusted EBITDA, €m Q1 384 68 ■2019 88 ■2019 180 Q2 31 Q2 396 146 ■ 2020 ■2020 20.3% 396 391 104 Q3 I 470 I I 1 Q3 I I L 60.5% 109 I ■ 2021 175 ■2021 445 108 231 Q4 88 Q4 Sazka GROUP#18Quarterly segmental business highlights - Italy Another strong quarter ■ ■ co 18 Revenue above pre-pandemic levels Stable high profitability and cashflow generation Numerical Lottery 100% Q3'21 LTM Revenue Revenue, €m 129 103 105 Q1 83 134 Adjusted EBITDA, €m Q1 124 108 2019 99 ■2019 55 Q2 43 Q2 134 113 ■2020 ■2020 113 91 7.3% 107 Q3 7.4% I 88 115 Q3 ■2021 94 ■2021 124 120 101 Q4 98 Q4 Sazka GROUP#19Pro-rata NGR development Strong performance of COVID-impacted segments in quarter without material restrictions Segments with limited impact More impacted segments from COVID NGR, €m 350 300 250 200 150 100 50 19 10.1% III Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 I '19 19 19 19 ¹20 '20 '20 '20 '21 ¹21 ¹21 ■Austrian Lotteries Czech Republic Greece - Stoiximan Italy 0 E NGR, €m 350 300 250 200 150 100 50 0 Notes: Pro-rata calculations for each quarter illustratively based on current stakes as of Q3 2021 1 I 8.4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 I '19 19 19 19 ¹20 '20 '20 '20 ¹21 '21'211 Greece excl. Stoiximan ■Austria - domestic and international casinos 1 - Combined performance NGR, €m 350 300 250 200 150 100 50 0 9.4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 I '19 '191¹19 119 ¹20 '20 '20 '20 '21 '211'21 | Total NGR Sazka GROUP#20Pro-rata net leverage Net leverage close to 2.5x at the end of Q3 2021 As at 30 September 2021, pre IFRS 16 basis € millions 1. 2. Consolidated LTM Adjusted EBITDA Interests owned Pro-rata LTM Adjusted EBITDA¹ Pro-rata net debt Gross debt (100%) Cash and equivalents and ST financial assets (100%) Pro-rata net leverage Pro-rata priority net leverage 20 Austria 153.1 59.70% 93.2 (156.9) 148.1 (411.0) (1.7x) Includes SAZKA Group a.s., service companies and holding companies Except SAZKA Delta (79.2%) Czech Republic 96.4 100.00% 100.4 (45.2) (45.2) (0.5x) Greece and Cyprus 412.1 39.56% 180.6 149.7 1044.9 (666.5) 0.8x Italy 412.5 32.50% 134.1 (79.9) (245.8) (0.6x) Corporate¹ (29.8) 100%² (6.7) 1,416.2 1,473.1 (57.9) N/M Total 1,044.3 501.6 1,283.9 2666.1 (1,426.3) 2.6x (0.4x) Calculated as pro-rata priority net debt of negative €(189)m divided by pro-rata Q3'21 LTM Adjusted EBITDA of €502m Sazka GROUP#21Key financing transactions ▪ In July 2021, SAZKA Group received a capital contribution of €75m from its parent Subsequently, SAZKA Group repaid €30m of RCF and made a €55m scheduled amortization payment on its bank loan ■ ▪ €140m is available under the RCF as of 30 September 2021 In October, in support of our UK National Lottery bid A syndicate of banks issued guarantees in support of SAZKA Group's obligations to fund the bidco The bidco entered into a revolving credit facility agreement (currently undrawn) The guarantee banks benefit from a non-recourse security package in line with SAZKA Group's other secured debt and covenants in line with our bank facility The RCF is non-recourse to SAZKA Group 21 Sazka GROUP#22Update on current trading 22 Sazka GROUP#23Update on current trading ■ Limited COVID-related restrictions introduced in Austria and Greece after end of quarter Measures and impact considerably more targeted and limited in scope than in previous waves Casinos in Austria were closed during 3-week general lockdown which ended on 13 December All casinos have now reopened / will reopen this week Land-based POS network for lottery products was unaffected by the lock-down, in line with previous restrictions ■ M ■ 23 - Customers currently required to demonstrate vaccination status to visit stores and VLT halls in Greece and casinos in Austria Trading in other geographies and online channel in line with expectations No material restrictions on physical retail channel Online continues to perform well Sazka GROUP#2424 Thank you! Sazka GROUP#25Appendix 25 Sazka GROUP#26Summary of adjustments to EBITDA Standalone, 100% (€m) Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate Adjustments to Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate Adjusted EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate 26 2019 211 95 413 396 (27) 1 1 10 211 95 413 396 (17) 2020 9M 20 9M 21 147 124 151 81 84 66 260 208 380 311 213 315 (30) (15) (15) (4) (2) 66 15 143 82 326 311 (15) (4) (2) 31 7 120 64 238 213 (8) (1) 181 150 85 389 315 3 EBITDA adjustments breakdown i Austria adjustments I i Casino Linz insurance gain + restructuring non-personal costs I Other Total Austria adjustments I i Czech Republic adjustments Gain from cancellation of obligation to I acquire entity I Charitable donation to support disaster I relief and other I i Total Czech Republic adjustments I 1 I Greece and Cyprus adjustments I I Hellenic Lotteries minimum gaming tax ! adjustment I Litigation provision COVID-19 related extraordinary costs Other non-recurring costs and write-offs Total Greece and Cyprus | ! adjustments I i Corporate adjustments Inorganic business development costs i Total Corporate adjustments 2019 2020 9M 20 9M 21 I (1) (1) (1) 2019 == 2019 (16) 17 1 2019 10 10 (4) (5) (4) (4) 1 2020 9M 20 9M 21 (2) (2) 38 (2) 5 10 13 66 2020 9M 20 9M 21 19 8 4 31 4 41 7 14 (1) (4) 01 I 9 2020 9M 20 9M 21 15 7 18 15 18 I Sazka GROUP#27Dividends and distributions 27 € millions Austrian Lotteries CASAG SDHH LOTTOITALIA OPAP SAZKA end of Sept 9.45% 59.70% 79.23% 32.50% 39.56% 100.00% Net to SG economic interest at end of Sept. 2021 of which OPAP scrip dividend Net to SG economic interest at end of quarter of which OPAP scrip dividend Net to SG economic interest at end of Sept. 2021 - Cash Net to SG economic interest at end of quarter - Cash 2020 Q1 320 127 127 107 107 Q2 77 5 150 60 59 60 59 Q3 100 64 100 37 107 38 103 34 69 69 Q4 2 23 9 9 9 9 2021 Q1 2 176 8 67 67 67 67 Q2 61 2 47 9 31 31 31 31 Q3 2 47 187 44 134 72 134 72 62 62 Q1-Q3 2020 177 5 214 420 37 293 164 269 141 129 129 2021 61 5 269 187 61 232 72 232 72 160 160 Sazka GROUP#28Capital structure overview € millions, Q3'21A (Pre-IFRS16) Pro-rata cash and cash equivalents Pro-rata Subsidiary debt Total Pro-rata net debt €200m Revolving Credit Facility Bank Term Loans €200mm 4% Slovak Notes CZK6bn 5.2% Czech Notes €300mm 4.125% SSNs €300mm 3.875% SSNs Pro-rata total net debt ▪ €140m available under the RCF as of 30 September 2021 1. Pro-rata LTM Adjusted EBITDA of €501.6m as of Q3 2021 28 Amount (691.0) 501.8 (189.2) 60.0 382.1 199.2 232.8 301.6 297.4 1,283.9 X LTM Adj. EBITDA¹ (0.4x) 2.6x Sazka GROUP#29Alternative performance measures This presentation includes non-IFRS performance measures, including, Net gaming revenue, Operating EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and pro rata financial information. Please refer to SAZKA Group's press release and Management's discussion and analysis of financial condition and results of operations dated the same date as this presentation for definitions of these non-IFRS measures and reconciliations to the most directly comparable IFRS measures. Pro-rata ownership % indicates the effective economic interest of the Company in each entity as of the date of our most recent financial statements, which is assumed to have been held throughout the previous twelve months. As there are no generally accepted accounting principles governing the calculation of non-IFRS financial and operating measures, other companies may calculate such measures differently or may use such measures for different purposes than we do, and therefore you should exercise caution in comparing these measures as reported by us to such measures or other similar measures as reported by other companies. These measures may not be indicative of our historical operating results or financial condition, nor are such measures meant to be predictive of our future results or financial condition. Even though the non-IFRS financial measures are used by management to assess our financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our financial position or results of operations as reported under IFRS. 29 Sazka GROUP#30Disclaimer 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 advertisement, recommendation or an invitation to subscribe to or to purchase securities of SAZKA Group a.s. or its subsidiaries. This presentation does not form, and should not be construed as, the basis of any credit analysis or other evaluation, or as providing an investment or lending recommendation, advice, a valuation or a due diligence review. The information contained in this presentation is for informational purposes only. This presentation may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operation, financial condition, liquidity, prospects, growth, strategies and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as "guidance," "may," "could," "should," "will," "expect," "intend," "estimate," "anticipate," "assume," "believe," "plan," "seek," "continue," "target," "goal," "would" or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and/or depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that the actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially (positively or negatively) from those made in or suggested by the forward-looking statements contained in this presentation. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods. We do not undertake any obligation to review, update or confirm expectations or estimates contained herein or to release publicly any revisions to any forward-looking statements contained herein in order to reflect events that occur or circumstances that arise after the date of this document. No warranty or representation of any kind, express or implied, is or will be made in relation to, and to the fullest extent permissible by law, no responsibility or liability in contract, tort, or otherwise, is or will be accepted by us or any of our officers, employees, advisers or agents, or any other party, as to the accuracy, completeness or reasonableness of the information contained in this presentation, including any guidance, opinions, forecasts or projections. Nothing in this document shall be deemed to constitute such a representation or warranty. Any estimates and projections in this presentation were developed solely for our use at the time at which they were prepared and for limited purposes which may not meet the requirements or objectives of the recipient of this presentation. Nothing in this document should be considered to be a forecast of future profitability or financial position and none of the information in the document is or is intended to be a profit forecast or profit estimate. The financial information included in this presentation have not been subject to any review or audit process by our independent auditors and may be subject to changes after a review or audit process. We are not providing any advice herein (whether in relation to legal, tax or accounting issues or otherwise). You should seek legal, tax, accounting and any other necessary advice from your advisors in relation to the contents of this presentation. This presentation has not been approved by any regulatory authority and does not represent financial statements or annual report within the meaning of applicable Czech law. 30 Sazka GROUP

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Freightos Results Presentation Deck image

Freightos Results Presentation Deck

Industrials

Hexagon Purus Results Presentation Deck image

Hexagon Purus Results Presentation Deck

Industrials

Moelis & Company Investment Banking Pitch Book image

Moelis & Company Investment Banking Pitch Book

Financial Services

Lumen Investor Day Presentation Deck image

Lumen Investor Day Presentation Deck

Communication Services

Context Therapeutics Investor Presentation Deck image

Context Therapeutics Investor Presentation Deck

Healthcare

Evercore Investment Banking Pitch Book image

Evercore Investment Banking Pitch Book

Financial Services

Marti Results Presentation Deck image

Marti Results Presentation Deck

Technology

UBS Results Presentation Deck image

UBS Results Presentation Deck

Financial Services