Interim report for 1st quarter 2022

Financial report for the period ended 31^st March 2022

Key Facts for the 1^st Quarter 2022 (1^st January 2022 – 31^st March 2022)

Challenging quarter, improved start of Q2

All figures are compared to the same quarter last year if not explicitly stated otherwise

Revenues decreased by 41.92% to € 7,848,997 (€13,515,110).
EBIT decreased by 88.96% to € 417,239 (€3,779,057).
EBIT margin of 5.32% (27.96%).
Customer deposits decreased by 35.97% to €17,236,925 (€26,918,069).
74,751 new registered customers (71,709), increase of 4.24%.
13,185 new depositing customers (29,813), decrease of 55.77%.
Earnings per share of €0.0002 (€0.0447), decrease of 99.55%.
Premiergaming Ltd, the Group’s subsidiary focusing on Northern Europe, represented 7% of the Group’s revenues in Q1 2022.
During the quarter non-profitable affiliate partnerships were terminated, which affected the quarter’s revenues negatively, but is expected to contribute to an improved EBIT margin going forward.

Events after Q1

The average daily Net Gaming Revenue for the first 39 days in Q2 2022 is 9% higher compared to the average daily Net Gaming Revenue in Q1 2022. The Net Gaming Revenue for the first 39 days in Q2 2022 is 23% lower compared to the first 39 days in Q2 2021.
The average daily New Depositing Customers for the first 39 days in Q2 2022 is 10% higher compared to the average daily New Depositing Customers in Q1 2022. The number of New Depositing Customers for the first 39 days in Q2 2022 are 18% lower compared to the first 39 days in Q2 2021.
The Group has signed two new B-to-B partnerships. Both projects are expected to be launched and contribute to the Group’s revenues during Q3 2022.
The Group’s venture in the field of affiliate marketing for South American markets, where the Group owns 80% and the local party owns 20%, has started to generate revenues as from April 2022.
As mentioned in the Q4 2021 report and in the Annual Report 2021, the Board of Directors proposes distribution to shareholders of €6,373,725 by way of dividend for the fiscal year 2021 (2020: €8,998,200), which corresponds to €0.085 per share (2020: €0.12), a decrease of 29.17%. Angler Gaming plc will not compensate for currency exchange cost.