CEO David Eynon & CFO Shawn Bezzina
Full Year 2019 PRESENTATION CEO David Eynon & CFO Shawn Bezzina - - PowerPoint PPT Presentation
Full Year 2019 PRESENTATION CEO David Eynon & CFO Shawn Bezzina - - PowerPoint PPT Presentation
Full Year 2019 PRESENTATION CEO David Eynon & CFO Shawn Bezzina DISCLAIMER This presentation (the "Presentation") has been produced by River iGaming Plc (the "Company") solely for use at presentations to potential
DISCLAIMER
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This presentation (the "Presentation") has been produced by River iGaming Plc (the "Company") solely for use at presentations to potential investors and other stakeholders. By reading this Presentation or attending any meeting or
- ral presentation held in relation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations. The Presentation is for information purposes only and does not in itself constitute, and should not
be construed as, an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction. Information contained in this Presentation has not been independently verified. None of the Company or any of its parent or subsidiary undertakings or affiliates, or any directors, officers, employees, advisors or representatives of any of the aforementioned (collectively the "Representatives") make any representation or warranty (express or implied) whatsoever as to the accuracy, completeness or sufficiency of any information contained herein, and nothing contained in this Presentation is or can be relied upon as a promise or representation by the Company or any of its Representatives. None of the Company or any of its Representatives shall have any liability whatsoever (in negligence or otherwise) arising directly or indirectly from the use of this Presentation or its contents, including but not limited to any liability for errors, inaccuracies, omissions or misleading statements in this Presentation. The Recipient will be required to conduct its own analysis and acknowledges and accepts that it will be solely responsible for its own assessment of the Company, the market, the market position of the Company, the Company's funding position, and the potential future performance of the Company's business and securities. The Company has not authorized any other person to provide Recipients with any other information related to the Company and the Company will not assume any responsibility for any information other persons may provide. An investment in the Company involves risk, and several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation, including, among others, risks or uncertainties associated with the Company's business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of their investment. This Presentation speaks as at the date set out on its front page. Neither the delivery of this Presentation nor any further discussions of the Company with the Recipient shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. The Company assumes no obligation to update or revise the Presentation or disclose any changes or revisions to the information contained in the Presentation. The contents of this Presentation shall not be construed as financial, legal, business, investment, tax or other professional advice. The Recipient should consult its own professional advisers for any such matter and advice. This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Company and the industry in which it operates. Any forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts and are subject to risks, uncertainties and other factors that may cause actual results and events to be materially different from those expected or implied by the forward-looking statements. None of the Company or any of its Representatives provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of opinions expressed in this Presentation or the actual occurrence of forecasted developments. None of the Company or any of its Representatives have taken any actions to allow the distribution of this Presentation in any jurisdiction where action would be required for such purposes. The Presentation has not been registered with, or approved by, any public authority, stock exchange or regulated market. The distribution of this Presentation, as well as any subscription, purchase, sale or transfer of securities of the Company, may be restricted by law in certain jurisdictions, and the Recipient should inform itself about, and observe, any such restriction. Any failure to comply with such restrictions may constitute a violation of the laws of any such jurisdiction. None of the Company or any of its Representatives shall have any responsibility or liability whatsoever (in negligence or otherwise) arising directly or indirectly from any violations of such restrictions. The Company has not authorized any offer to the public of securities, or has undertaken or plans to undertake any action to make an offer of securities to the public requiring the publication of an offering prospectus, in any member state of the European Economic Area which has implemented the EU Prospectus Directive 2003/71/EC. In the event that this Presentation is distributed in the United Kingdom, it shall be directed only at persons who are either "investment professionals" for the purposes of Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or high net worth companies and other persons to whom it may lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this Presentation or any of its contents. Any investment or investment activity to which this Presentation relates will be available
- nly to Relevant Persons and will be engaged in only with Relevant Persons.
This Presentation does not constitute an offer of securities for sale into the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold within the United States, absent registration or under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In the United States, the securities described herein will (if offered) be offered only to qualified institutional buyers ("QIBs") within the meaning of, and as defined in, Rule 144A under the Securities Act. Outside the United States, the securities described herein will (if offered) be offered in accordance with Regulation S under the Securities Act to non-U.S. persons (as defined in Regulation S). This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts.
AGENDA
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FINANCIALS RIVER TECHNOLOGY WORDS FROM THE CEO MEDIA FUSION 2020 ROADMAP
WORDS FROM THE CEO
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Change of focus and rebuild River iGaming Focus and niche are key to success in the current climate. River iGaming has now rebuilt its strategy after a year of strategic reviews, acquisitions and consolidations. Acquisitions were not all as expected, and this made the already challenging landscape of iGaming in 2019 that much harder to produce profits in all areas of the business. This said we made the decision in Q4 to close all B2C operations bringing an end to River Gaming Operations, all associated brands and with closure meant redundancies. We then set out to rebuild and move towards the new core: SaaS driven B2B and media. We see a positive future going into 2020 and beyond. Technology River Tech finished the year making significant progress on the platform build bringing the product to the forefront of iGaming, 2020 will see further enhancements to cater for our current and future clients. The Platforms USP has created a flexible bespoke product that allows speed to market with the highest level of quality. A unique offering for any operator within any market. . David Eynon – CEO Mediafusion (Media 247) The Company continues to develop on the marketing platform, rolled out to existing clients in Q4. Providing the Company with a unique B2B product which shall be used to grow the revenue of the Company. Management also intend to link this product with the current services acquired through Media 247. This will provide the Company with the opportunity to cross sell to both revenue streams customer base. Proving success in 2020 The strategy has already shown to be a success with 2 brands live, a further brand ready to launch in Q2 and a full roadmap of new operators taking River iGaming into 2021. Combining this with
- ur best in class media house taking on new contracts and
servicing existing clients is putting proof in our decisions and creating shareholder value for the future.
INTRODUCTION TO THE CEO
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Goals… At the beginning of 2020 I took control as CEO of River iGaming with a focus to rebuild on the already established businesses and products. My goal is to change the core of the business to a world class SaaS driven B2B product with a supporting Media platform that challenges the iGaming industry. The future… River iGaming has an experienced and talented workforce and this we will capitalise on as we change strategy to support and grow our current and future clients both in platform and media. With the support of the board, investors and management behind me I will position River iGaming to become a leading SaaS driven B2B platform within the iGaming industry. Background… I had joined River iGaming in January 2019 as the Commercial Director, taking the role as Vice President later in the year. My extensive knowledge of the regulatory gambling industry and market entry planning across all channels and products spans over 15 years. My career in iGaming began within Compliance at Betfair, which then lead me to the commercial side of the industry with Tipico managing emerging markets from business case to market entry, then to Betit, GiG and finally River iGaming.
Name: David Eynon Title: CEO Age: 36 Education: BSc (Hons) Business Information Technology
AGENDA
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FINANCIALS RIVER TECHNOLOGY WORDS FROM THE CEO MEDIA FUSION 2020 ROADMAP
THE “ENGINE”
PREFERRED BUSINESS PARTNER GAMIFI
- CATION
PERSONALI
- SATION
CONSUMER BEHAVIOUR 7
We continue to drive towards the end goal: the “ENGINE” a complete eco system that encapsulates the vital components an operator needs to thrive in the iGaming industry
THE ENGINE
B2B Clients
MECHANICS BEHIND THE “ENGINE”
THE TECH TEAM
BUSINESS DEVELOPMENT Ensuring market trends are in the focus
- f our product team, whilst working
towards acquiring new customers INFRASTRUCTURE Building reliable infrastructure that supports all the products and technology that must run on it QUALITY ASSURANCE Asserting that the promised level of quality for our products is always kept at the highest possible PRODUCT Designing and planning product specifications that are future proof and offer the best tools and user experience for
- ur customers
DEVELOPMENT Design technology implementations that are reliable and robust for a seamless experience for our customers 8
River iGaming’s technology teams are split in five core areas creating a development life cycle to support our continued build of the “ENGINE”
UNIFIED BACK OFFICE
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.
Unified Back Office Multi-brand Multi-currency Customisability Active help components Campaign management Payments & KYC
Ability to run multiple brands from one back
- ffice
User configurable dashboards on all levels of permissions No heavy complicated manuals, on the go help files and guides, reducing staff training and increasing efficiency Complete player life cycle: including acquisition, conversation, retention, loyalty and reactivation Unified and automatic player and operator currencies Exclusive global payment
- ptions
AGENDA
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FINANCIALS RIVER TECHNOLOGY WORDS FROM THE CEO MEDIA FUSION 2020 ROADMAP
MEDIAFUSION A NEWKIND OF DIGITAL MEDIA PARTNER
MEDIAFUSION ISA MEDIA HOUSERUNNING QUALITY TRAFFIC BY ADJUSTING TO THE CONSUMERBEHAVIOR PATTERNS
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MEDIAFUSION
The «Engine» MEDIA FUSION is unique with The «CDP»
Big data
Obtain customers at the lowest possible customer acquisition cost and keep retention high
Datasource Customer Data Platform Banner Tool Standard HTML Creatives Personalized Content Mediafusion sites Advertising Campaign Events Casino Platform CRM Data Reporting & Data analysis Personalized segmentation Programatic campaigns Direct campaigns SOME
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PRODUCT SPECIFICATIONS
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CONCEPT DEVELOPMENT JOBS BOARD GUEST AUTHOR ARTICLES SPONSORED ARTICLES
We offer complete concept / project planning, development and operations. Examples include: nmiodds.com densistebookmaker.com Your content deserves to be published. We have the platform and we can support and publish your articles on our sites The articles will be clearly marked as Guest, with both the author and brand represented Our jobs board offers a great way to display your open positions in an environment that ensures high exposure and a broad reach. Sponsored articles offers a unique way to expose news or offers in a native environment. The articles will be clearly marked as sponsored, and our talented journalists will help write and design the articles in a way that conveys your message in an effective way.
PRODUCTION: 10,000 NOK DISTRIBUTION: 10 NOK PER UNIQUE USER
PRODUCTION SPECIFICATIONS & CLIENT BASE
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VIDEO PODCAST
Your stories deserve to be heard. We would love to tell yours with the help of creative and artistic visual content Our weekly podcast offer a flexible platform to drive brand awareness and much more Our talented and knowledgeable journalists discuss football with well- known personalities in and around the sporting industry
AGENDA
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FINANCIALS RIVER TECHNOLOGY WORDS FROM THE CEO MEDIA FUSION 2020 ROADMAP
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD
Comments
- Revenue from iGaming operations refers
to the B2C business
- Other revenue in 2019 include revenue
from marketing activities, software support and management services
- Other items include impairment of
goodwill and intangible assets and fair value movements on financial instruments
- Group completed the acquisition of
Media 247
- Group also completed the acquisition of
Bear Group Limited, the remaining 30%
- f the shares held in the joint venture,
and the iGaming platform. River iGaming PLC
Condensed consolidated statement of profit or loss 2018 2019
Eur Eur
Net Revenue from iGaming Operations 1,190,642 5,856,286 Other Revenue 900,496 2,081,687 Total Revenue 2,091,138 7,937,973 Direct Costs and Marketing (579,678) (5,362,277) Gross Profit 1,511,460 2,575,696 Operating Costs (3,093,623) (4,850,800) Personnel Costs (1,831,679) (3,741,302) Depreciation and amortization (112,726) (368,996) Results from Operating Activities (5,705,799) (6,385,402)
- Finance Cost
266,320 (1,143,836) Share of loss of equity accounted investees, net of tax (453,768) (421,513) Other items (17,650,114) Loss before Taxation (5,893,247) (25,600,865) Tax Expense
- Loss for the Period
(5,893,247) (25,600,865) Other comprehensive income Items that are or may be reclassified subsequently to profit or loss Foreign operations - foreign currency translation differnces 4,984 192,890 Other comprehensive income 4,984 192,890 Total comprehensive income for the period (5,888,263) (25,407,975)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019
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Comments
- December 2019 audited statement of
financial position includes a number
- f accounting entries to reflect the
suspension of B2C operations.
- Intangible assets and goodwill
include the valuation as at December 2019 include the goodwill derived from the acquisition of Mediafusion and Media247. It also includes the acquired gaming platform.
- Loan Payable reflects the carrying
value of the convertible loan received in 2019
- Adjustments in relation to IFRS
were recorded as Right-of-use assets and Lease Liability
December 2018 June 2019 December 2019 Audited Unaudited Audited EUR EUR EUR Assets Non-Current Assets Plant and equipment 191,166 633,127 522,293 Right-of-use assets
- 1,749,024
Intangible assets and goodwill 8,243,896 9,617,286 8,024,523 Investment in joint venture 10,346,075 6,313,474
- Mutual option
- 1,361,511
- Total Non-Current Assets
18,781,137 17,925,398 10,295,840 Current Assets Trade and other receivables 2,291,090 2,536,613 2,287,118 Cash and cash equivalents 2,294,666 1,428,715 1,643,207 Total Current Assets 4,585,756 3,965,328 3,930,325 Total Assets 23,366,893 21,890,726 14,226,165 Total Equity 11,389,191 7,558,443 (12,918,642) Liabilities Non-Current Liabilities Loan payable
- 2,924,061
14,663,571 Lease liabilty
- 134,076
1,277,858 Deferred consideration
- 1,634,900
Deferred tax payable 1,341,678 1,341,678 3,131,509 Total Non-Current Liabilities 1,341,678 4,399,815 20,707,838 Current Liabilities Financial liabilities at fair value through profit or loss 1,371,970
- Deferred consideration
4,441,829 4,628,855
- Trade and other payables
4,822,225 5,091,461 6,063,341 Lease liability
- 212,152
373,628 Total Current Liabilities 10,636,024 9,932,468 6,436,969 Total Liabilities 11,977,702 14,332,283 27,144,807 Total Equity and Liabilities 23,366,893 21,890,726 14,226,165
AGENDA
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FINANCIALS RIVER TECHNOLOGY WORDS FROM THE CEO MEDIA FUSION 2020 ROADMAP
2020 ROADMAP
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Q1 2020
- Live with 2 brands
- Stage 1 of Back
Office rebuild complete
- New & existing
clients under MediaFusion
Q2 2020
- New brand launch
- Stage 2 of Back Office
rebuild (stability, usability, KYC & Payments)
- Force Majeure strategy
(MediaFusion)
Q3 2020
- Stage 3 of Back Office
rebuild (new markets, verticals and Game Providers
- Stage 1 of platform
rebrand and business development
Q4 2020
Launch of new brands, new markets and new verticals
DICTIONARY
B2B Business to Business B2C Business to Consumer KYC Know your customer KPI Key performance indicator River River iGaming p.l.c. Group of Companies River iGaming River iGaming p.l.c. Group of Companies SEO Search Engine Optimisation DMP Data management platform MGA Malta Gaming Authority NDC New depositing customers GGR Gross gaming revenue (Bets less wins) NGR Net gaming revenue (GGR less bonus cost and less jackpot contribution) RC Recurring customer ROI Return on investment IFRS International Financial Reporting Standards
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www.riverigaming.com
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