BlueBet : Ord Minnett Leisure Tourism & Gaming Conference Presentation

For personal use only

24 March 2022

ASX Announcement (ASX:BBT)

Ord Minnett Leisure, Tourism & Gaming Conference Presentation

BlueBet Holdings Ltd (the Company) is pleased to provide the attached presentation which will be provided to the Ord Minnett Leisure, Tourism & Gaming Conference this afternoon.

This announcement has been authorised for release by the Board of BlueBet Holdings Limited.

For further information, please contact:

Investor Enquiries	Media Enquiries
Darren Holley	Citadel MAGNUS
CFO	Jack Gordon
[e-mail]	[e-mail]

About BlueBet

BlueBet is a mobile-first, online bookmaker with a vision to provide more innovative wagering products to customers of Australian and international racing and sports.

BlueBet offers wagering products on 31 sports in Australia and internationally, plus entertainment and politics wagering markets. BlueBet provides customers a wide range of traditional wagering products as well as more innovative products, such as Exotics, Same Game Multis and Same Race Multis.

BlueBet is powered by a scalable, cloud-based technology platform, which has been materially customised and enhanced by the Company to focus on providing customers with the best experience possible. BlueBet has developed its customer-facing technology platform, website and native apps with a mobile-first strategy, to deliver a premium mobile experience to the customer.

BlueBet Holdings Ltd Level 9, 8 Spring Street, Sydney NSW 2000 I

www.bluebet.com.au

1

only	ORD MINNETT LEISURE, TOURISM &
use
GAMING CONFERENCE
ersonal						March 2022
	ORD MINNETT LEISURE, TOURISM & GAMING CONFERENCE			1			MARCH 2022

IMPORTANT NOTICE & DISCLAIMER

Acceptance		Effect of rounding
This presentation has been prepared by BlueBet Holdings Ltd (ACN 647 124 641) (BlueBet).		A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding.
By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer.		Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation.
Summary of information		Past performance
This presentation has been provided to you solely to convey information about BlueBet and its related entities, and their activities, for the 6 month		Past performance of BlueBet, including past share price performance, cannot, and should not, be relied upon as an indicator of (and provides no
period ended 31 December 2021. The information in this presentation is general in nature and does not purport to be complete, nor does it contain all		guidance as to) future BlueBet performance. Nothing contained in this presentation, nor any information made available to you is, or shall be relied
the i formation which a prospective investor may require in evaluating a possible investment in BlueBet. It has been prepared by BlueBet with due		upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future.
care, but other than as required by law, no representation or warranty, express or implied, is provided in relation to the accuracy, fairness or
completeness of the information. Statements in this presentation are made only as of the date of this presentation, unless otherwise stated, and the		Future performance and forward-looking statements
inf rmation in this presentation remains subject to change without notice.
	This presentation contains forward-looking statements, forecasts, estimates, projections, beliefs and opinions (Forward-LookingStatements).
N	ne of BlueBet, its representatives or advisers is responsible for updating, or undertakes to update, this presentation. Items depicted in photographs
	Forward-Looking Statements can be identified by the use of terminology, including, without limitation, the terms 'believes', 'estimates', 'anticipates',
and diagrams are not assets of BlueBet, unless stated.
onlyThis presentation should be read in conjunction with BlueBet's Results Announcement for the 6 month period ended 31 December 2021, as well as		'expects', 'projects', 'predicts', 'intends', 'plans', 'propose', 'goals', 'targets', 'aims', 'outlook', 'guidance', 'forecasts', 'may', 'will', 'would', 'could' or 'should'
other periodic and continuous disclosure information lodged with the ASX, which are available at www.asx.com.auand the BlueBet Investor Centre		or, in each case, their negative or other variations or comparable terminology.
	Forward-Looking Statements reflect expectations as at the date of this presentation. However, they are not guarantees or predictions of future
accessible viawww.bluebetplc.com
	performance or events or statements of fact. They involve known and unknown risks, uncertainties and other factors, many of which are beyond
Industry data		BlueBet' control, and which may cause actual results to differ materially from anticipated results, performance or achievements expressed or implied by
	the Forward-Looking Statements contained in this presentation.
C	rtain market and industry data cited or used in the preparation of this presentation may have been obtained from research, surveys or studies		Other than as required by law, although they believe there is a reasonable basis for the Forward-Looking Statements, neither BlueBet nor any other
conducted by third parties, including industry or general publications. None of BlueBet, its representatives or advisers have independently verified any		person (including any director, officer or employee of BlueBet or any related body corporate) gives any representation, assurance or guarantee
	uch market or industry data provided by third parties or industry or general publications, nor have those third parties or industry or general publications		(express or implied) as to the accuracy or completeness of each Forward-Looking Statement or that the occurrence of any event, results, performance
authorised or approved the publication of this presentation.		or achievement will actually occur. Except as required by applicable laws or regulations, BlueBet does not undertake to publicly update or review any
						Forward-Looking Statements, whether as a result of new information or future events. Past performance cannot be relied on as a guide to future
Not financial product advice or offer		performance.
This presentation is for information purposes only and is not a prospectus, product disclosure statement, pathfinder document for the purposes of		No representations or warranties
section 734(9) of the Corporations Act or other disclosure document under Australian law or the law of any other jurisdiction. It is not, and should not be
useconsidered as, an offer, invitation, solicitation, advice or recommendation to buy or sell or to refrain from buying or selling any securities or other		No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions
investment product or to enter into any other transaction in any jurisdiction. It has been prepared without accounting for any person's individual		and conclusions contained in this presentation. To the maximum extent permitted by law, none of BlueBet and its related bodies corporate, or their
objectives, financial or tax situation or any particular needs. Readers should consider the appropriateness of the information having regard to their own		respective directors, employees or agents, nor any other person accepts liability for any loss arising from the use of this presentation or its contents or
ersonal		otherwise arising in connection with it, including, without limitation, any liability from fault or negligence.
objectives, financial and tax situation and needs, make their own enquiries and investigations regarding all information in this presentation including but
not limited to the assumptions, uncertainties and contingencies which may affect future operations of BlueBet and the impact that different future
outcomes may have on BlueBet, and seek legal and taxation advice appropriate for their jurisdiction.		Authorisation
Fin ncial data		This presentation has been authorised for lodgement to the ASX by the BlueBet Board of Directors.
I	vestors should note that this presentation contains historical financial information. The historical information, provided in this presentation is for
illustrative purposes only and is not represented as being indicative of BlueBet' views on its future financial condition and/or performance.
I	vestors should be aware that certain financial measures included in this presentation are 'non-IFRS financial information' under ASIC Regulatory
Guide 230: 'Disclosing non-IFRS financial information' and are not recognised under Australian Accounting Standards (AAS) and International
Financial Reporting Standards (IFRS). The non-IFRS financial information/non-GAAP financial measures include EBITDA, net debt and others. Such
n	n-IFRS financial information/non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non
IFRS financial information may not be comparable to similarly titled measures presented by other entities and should not be construed as an alternative
to	ther financial measures determined in accordance with AAS or IFRS. Although BlueBet believes these non-IFRS financial measures provide useful
information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on
any non-IFRS financial information/non-GAAP financial measures included in this presentation. The non-IFRS financial information in this presentation
has not been audited or reviewed in accordance with AAS.
All currency figures in this presentation are in Australian dollars ($ or A$) unless stated otherwise
	ORD MINNETT LEISURE, TOURISM & GAMING CONFERENCE			2		MARCH 2022

BLUEBET SNAPSHOT

onlyuse

ersonalORD MINNETT LEISURE, TOURISM & GAMING CONFERENCE

TRACK RECORD OF SUSTAINABLE PROFITABLE GROWTH: Australian wagering operator established in 2015 with a demonstrated track record of consistent growth across key financial and operational metrics and has been self funded since inception

SCALABLE BUSINESS MODEL AND TECHNOLOGY PLATFORM: Powered by its brand new custom-builttechnology suite which includes both customer and non-customerfacing technology enabling BlueBet to scale and innovate efficiently and in a cost-effectivemanner

DUAL GROWTH STRATEGY TARGETING AUSTRALIAN EXPANSION AND US ENTRY: Dual growth strategy focused on increasing market share in Australia and entering the attractive US online sports betting market with a capital lite strategy

STRONG INDUSTRY FUNDAMENTALS: Australia has the highest per capita gambling expenditure in the world, and sports betting is forecast to reach $5.2 billion in CY221. By 2033, some analysts are forecasting the US sports betting market may grow to US$39.0 billion2

HIGHLY EXPERIENCED BOARD AND MANAGEMENT TEAM: Founder and core team have significant experience in, and knowledge of, the wagering industry and have held senior management and other leadership positions with well-knownwagering and gaming companies both in Australia and the US

Source:
1.	IBISWorld estimate July 2021
2.	Goldman Sachs	- The	Rise of Sports Gambling in the US
		3		MARCH 2022

DELIVERING ON OUR COMMITMENTS

In six months since
only
listing on the ASX we
have consistently
delivered on our		A strong
Prospectus
	Business
c mmitments
use		Successful IPO
		Beat Prospectus
		forecast on all key
		operating metrics
ersonal	 EBITDA $0.5m and Net
	Cash outflows $1.5m
	ahead of Prospectus
		forecast
	 Key talent employed to
		support business growth
		Net Margins maintained
		>10% despite heavy
		competition

ORD MINNETT LEISURE, TOURISM & GAMING CONFERENCE

Deploying

Marketing

Funds

• Launched new advertising and marketing campaign
• Racing.com streaming & other product enhancements added to AUS platforms
• Active Customers increased by 39% from 30 June 2021 to 45,087
• Maintained a healthy 3.6x ratio of Annual customer value to Cost of Acquiring a First Time Depositor

4

Deploying IT

and Platform

Funds

• New AUS Website
• New iOS mobile App deployed
• New Android App deployed
• US Platform development on track

US Market

Entry

• Iowa market access
• US HQ established in Denver
• Colorado market access
• Key talent appointed
• Partnered with key tech vendors for US launch
• Ongoing negotiations for access to other states

MARCH 2022