BlueBet : Q4 FY22 Investor Presentation

For personal use only

29 July 2022

ASX Announcement (ASX:BBT)

Q4 FY22 Investor Presentation

BlueBet Holdings Limited (ASX:BBT) (BlueBet or the Company) is pleased to provide the attached Q4 FY22 Investor presentation.

AUTHORISATION

This announcement has been authorised for lodgement to the ASX by the BlueBet Board of Directors

--END-

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 I 9/8 Spring Street, Sydney NSW 2000 I www.bluebet.com.au

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only	Q4 FY22 INVESTOR PRESENTATION &
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APPENDIX 4C
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	Q4 FY22 INVESTOR PRESENTATION					JULY 2022
		1

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 quarterly		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 30 June 2022. The information in this presentation is general in nature and does not purport to be complete, nor does it contain all the		guidance as to) future BlueBet performance. Nothing contained in this presentation, nor any information made available to you is, or shall be relied
i formation which a prospective investor may require in evaluating a possible investment in BlueBet. It has been prepared by BlueBet with due care, but		upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future.
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
i formation. Statements in this presentation are made only as of the date of this presentation, unless otherwise stated, and the information in this		Future performance and forward-looking statements
prese tation remains subject to change without notice.
	This presentation contains forward-looking statements, forecasts, estimates, projections, beliefs and opinions (Forward-LookingStatements).
N ne	f 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.
	'expects', 'projects', 'predicts', 'intends', 'plans', 'propose', 'goals', 'targets', 'aims', 'outlook', 'guidance', 'forecasts', 'may', 'will', 'would', 'could' or
This presentation should be read in conjunction with BlueBet's Results Announcement for the quarterly period ended 30 June 2022, as well as other
onlyperi dic and continuous disclosure information lodged with the ASX, which are available at www.asx.com.au and the BlueBet Investor Centre		'should' or, in each case, their negative or other variations or comparable terminology.
accessible via www.bluebetplc.com.		Forward-Looking Statements reflect expectations as at the date of this presentation. However, they are not guarantees or predictions of future
	performance or events or statements of fact. They involve known and unknown risks, uncertainties and other factors, many of which are beyond
use		BlueBet' control, and which may cause actual results to differ materially from anticipated results, performance or achievements expressed or implied
Industry data		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
such 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,
authori	ed or approved the publication of this presentation.		performance 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
Not financial product advice or offer		guide to future 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
considered 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
objectives, financial and tax situation and needs, make their own enquiries and investigations regarding all information in this presentation including but		or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence.
ersonal
not imited 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.
Investors 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
Reporti	g Standards (IFRS). The non-IFRS financial information/non-GAAP financial measures include EBITDA, net debt and others. Such non-IFRS
financial information/non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non IFRS financial
inf rmation may not be comparable to similarly titled measures presented by other entities and should not be construed as an alternative to other
financial measures determined in accordance with AAS or IFRS. Although BlueBet believes these non-IFRS financial measures provide useful
inf rmation 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
otherwi	e.
	Q4 FY22 INVESTOR PRESENTATION				JULY 2022
		2

Q4 HIGHLIGHTS

Strong performance onlyin Australia and

significant progress in US market entry strategy

useersonalQ4 FY22 INVESTOR PRESENTATION

Turnover up 31.3% to $126.7 million driven by strong customer and Betcount growth

Strong growth in Active Customers¹, up 64.2% to 53,328

Net Win of 10.1% for Q4 and 10.7% for the full year (+0.4pp vs. PCP)

Effective marketing investment drove First Time Depositors (FTD) up by 60.8% with healthy CFTD to Annual Customer Value ratio of 2.7x

ClutchBet announced as US B2C brand alongside key US leadership appointments

4th market access agreement provides platform to complete Stage 1 of 'Capital Lite' US entry strategy

Full year operating cash outflow of ($1.0m) after investing $2.3m to establish US operations as well as increased Australian marketing investment by $8.5m; well funded to execute US market entry strategy with $43.7m cash on hand

1. Customers who have placed a cash bet in the 12 months preceding the relevant period.

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Q4 FY22 KEY METRICS DASHBOARD1

Continuing to onlydeliver strong

growth across key metrics in the Australian business

useersonalQ4 FY22 INVESTOR PRESENTATION

2.8 million

Bet Count

(+49.7%)

$126.7 million

Turnover

(+31.3%)

$17.0 million

Gross Win

(+34.0%)

$12.8 million

Net Win

(+27.3%)

1. All comparisons relate to the prior corresponding period (pcp) unless otherwise stated
2. Customers who have placed a cash bet in the 12 months preceding the relevant period.

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53,328

Active Customers2

(+64.2%)

10.1%

Net Win margin

(-0.3pp)

$386

12 Month Rolling Cost per First time Depositor (-24.0% vs. Prior Qtr)

$1,025

Average Annual Customer

Value (-6.4%)

JULY 2022