Summary of Super Group Investor Day Company Overview - **Company**: Super Group - **Industry**: Online betting and gaming - **Key Brands**: Betway (sports betting), Spin (multi-brand casino) Core Points and Arguments 1. **Company History and Growth**: Super Group has been operational for over 25 years, launching Jackpot City in 1998, acquiring Betway in 2010, and going public in 2022, showcasing a long-term growth trajectory [3][4] 2. **Decentralized Business Model**: The company employs a decentralized model that allows for adaptability and local market focus, empowering regional teams to tailor strategies [4][5] 3. **Brand Architecture**: Super Group operates in two segments: Betway for sports betting and Spin for casino offerings, with over 20 brands under Spin, enhancing market targeting flexibility [5][6] 4. **Sponsorship Strategy**: Betway sponsors major sports teams globally, including clubs in the Premier League, which enhances brand visibility and customer trust [6][9] 5. **Technological Advancements**: The company is investing in technology, including AI and real-time personalization, to improve customer experience and operational efficiency [6][7][8] 6. **Customer Engagement**: The use of predictive models has led to a 25% increase in wagering per customer while lowering customer acquisition costs (CAC) [7] 7. **Financial Performance**: Super Group reported $2.1 billion in revenue and $486 million in adjusted EBITDA over the last 12 months, with a market cap exceeding $6 billion [13] 8. **Market Potential**: The global interactive betting and gaming market is projected to grow from $209 billion in 2025 to $339 billion by 2030, indicating significant growth opportunities for Super Group [14] 9. **Revenue Streams**: Casino operations account for 80% of revenue, while sports betting contributes 20%, serving as a customer acquisition engine [11][12] 10. **Geographic Diversification**: The company has a strong presence in Africa (39% of business), North America (36%), and Europe (16%), with plans for further expansion [12] Important but Overlooked Content 1. **Responsible Gaming Initiatives**: Super Group emphasizes responsible gaming, with 56% of customers using responsible gaming tools and a dedicated team of over 60 specialists [15][16] 2. **Customer Retention Metrics**: The company has seen a 50% increase in unique depositing customers over two and a half years, indicating strong customer retention and satisfaction [20][21] 3. **Operational Efficiency**: The company has implemented AI-driven solutions to enhance customer service and reduce operational costs, achieving a 200% increase in delivery velocity [55][56] 4. **Market Adaptation**: Super Group has successfully adapted to market changes, such as exiting the Indian market, which led to improved profitability and growth in other regions [68] This summary encapsulates the key insights from Super Group's Investor Day, highlighting the company's strategic direction, operational strengths, and market opportunities.

Super Group Overview - Super Group's LTM (Last Twelve Months) revenue is $2.1 billion and LTM Adjusted EBITDA is $486 million[51] - The company paid $166 million in dividends as of Q2 2025[51] - Super Group's sports gross margin was 13.9% in 1H 2025, compared to 11.8% in 1H 2024[30] - The company has approximately 3,000 employees across 16 countries[15] Customer Acquisition and Retention - AI-driven customer service led to a 70% increase in customers serviced, a 45% increase in host productivity, and a 60% decrease in abandon rates[30] - Key customer engagement metrics increased by 25% due to personalized marketing[28] - Bot-assisted advantage betting decreased by approximately $187,000[28] - Approximately 74% of Betway Global's H1 2025 gross revenue came from pre-2025 cohorts[194] - Approximately 80% of SPIN's H1 2025 gross revenue came from pre-2025 cohorts[128] - Approximately 93% of Betway Africa's H1 2025 gross revenue came from pre-2025 cohorts[291] Market Opportunity and Growth - The global interactive Total Addressable Market (TAM) is estimated to be $209 billion in 2025 and $338 billion in 2030, representing a 10% Compound Annual Growth Rate (CAGR)[53] - The iGaming market is projected to reach $142 billion in 2030, with a five-year CAGR of approximately 11% from 2025[120] - Betway Africa's H1 2025 total revenue was over $420 million, a 37% year-over-year increase, representing 40% of Group Net Revenue[239]

Financial Data and Key Metrics Changes - Super Group reported record total revenue of $579 million, up 50% year over year [9] - Adjusted EBITDA reached an all-time high of $157 million, representing 78% year over year growth with a margin of approximately 27% [10][21] - Total sports wagering was $958 million for the quarter, up 15% year over year [19] Business Line Data and Key Metrics Changes - Sports betting wages increased by 15% year over year, while casino wages grew by 24% [10] - The BET Builder product contributed significantly to revenue growth [10] - The company achieved a record average of 5.5 million unique monthly active customers, representing 21% year over year growth [19] Market Data and Key Metrics Changes - Revenue in Europe surged by 53% year over year, with the UK leading at 83% growth [11] - Africa saw a 59% year over year growth, with Ghana growing 63% and South Africa 31% [12] - North America grew by 23% year over year, with Canada (excluding Ontario) increasing by 22% [14] - APAC faced challenges with a 6% year over year revenue decline, an improvement from a 13% decline in the previous quarter [16] Company Strategy and Development Direction - The company is exiting the U.S. high gaming market to focus on capital discipline and long-term profitability [7][18] - A new Group Chief Technology Officer has been appointed to enhance innovation and operational efficiencies [6] - The company is investing in technology platforms and exploring opportunities in the crypto space [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's momentum, particularly with the upcoming football season [28] - The exit from the U.S. market is seen as a strategic move to reallocate resources to more profitable markets [34] - Future growth is expected from a full calendar of global sporting events and enhanced trading and pricing strategies [23] Other Important Information - The company declared a regular cash dividend of $0.04 per share in June, totaling $0.08 for 2025 [21] - A one-time restructuring cash cost of approximately $15 million is anticipated due to the U.S. exit [19] Q&A Session Summary Question: Insights on the raised guidance and potential concerns for Q3 - Management indicated that July started strong and emphasized the importance of the upcoming football season as a key driver for growth [28] Question: Reasons for the U.S. exit decision - The decision was based on high operational costs and the lack of a clear path to profitability in the U.S. market [34] Question: Marketing strategies and customer growth - Management highlighted the importance of reallocating marketing budgets to more effective channels and the positive impact of sponsorships like F1 [42] Question: Future gaming margins and opportunities - Management believes that gaming margins could reach closer to 20% with improved product offerings and risk management [49] Question: Competitive pressures in Ontario - Management noted that marketing returns and customer acquisition costs are key challenges in Ontario, but they are optimistic about future growth [58] Question: Cash balance and capital deployment - The company plans to maintain flexibility in capital deployment, focusing on high-return opportunities and consistent dividend payments [65]

Financial Data and Key Metrics Changes - Super Group reported record total revenue of $579 million, up 50% year over year [7] - Adjusted EBITDA reached an all-time high of $157 million, representing 78% year over year growth with a margin of approximately 27% [8][18] - Total sports wagering was $958 million for the quarter, up 15% year over year [17] Business Line Data and Key Metrics Changes - Sports betting revenue increased by 15% year over year, while casino wagering grew by 24% [8] - BET Builder, an innovative parlay product, contributed significantly to growth [8] - The U.S. revenue was up 112% year over year, but the company plans to exit the U.S. high gaming market [13][16] Market Data and Key Metrics Changes - Europe’s revenue surged 53% year over year, with the U.K. leading at 83% growth [9] - Africa saw a 59% year over year growth, with Ghana growing 63% [10] - North America grew 23% year over year, with Canada (excluding Ontario) increasing by 22% [12] Company Strategy and Development Direction - The company is focusing on capital discipline and long-term profitability by exiting the U.S. market [16] - Investment in technology and innovation is a priority, highlighted by the appointment of a Group Chief Technology Officer [5] - The company is exploring opportunities in the crypto space to enhance payment processing and attract new customers [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business retention rates and growth momentum, particularly with the upcoming football season [25][26] - The company anticipates a one-time restructuring cash cost of approximately $15 million due to the U.S. exit [17] - Future growth drivers include a full calendar of global sporting events and enhanced trading and pricing strategies [20] Other Important Information - The company declared a regular cash dividend of $0.04 per share in June, totaling $0.08 for 2025 [18] - A non-cash impairment adjustment of $63.9 million was recorded due to the U.S. exit [34] Q&A Session Summary Question: Insights on the raised guidance and potential concerns for Q3 - Management indicated that July started strong and emphasized the importance of the upcoming football season as a key driver for performance [25][26] Question: Reasons for the U.S. exit decision - The decision was based on high operational costs and the lack of a clear path to profitability in the U.S. market [31][32] Question: Marketing strategies and customer growth - Management discussed redeploying marketing budgets into more effective channels and the impact of sponsorships like F1 on customer engagement [37][39] Question: Future gaming margins and structural improvements - Management believes that with better parlay products and improved risk management, gaming margins could approach 20% [46] Question: Progress on iGaming upgrades and cash deployment plans - The company is focused on investing in high-return opportunities and maintaining a strong cash position for future growth [61][62]