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theScore Q4 and Year End F2018 Webcast Presentation


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theScore presents its Q4 and Year End F2018 earnings results. Presentation given on October 17, 2018.

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theScore Q4 and Year End F2018 Webcast Presentation

  1. 1. theScore – Earnings Webcast Q4 & Year End F2018 October 17, 2018
  2. 2. 2 All statements other than statements of historical facts included in this presentation may constitute forward-looking information and are based on the best estimates of Management of the current operating environment. These forward-looking statements are related to, but not limited to, theScore’s operations, anticipated financial performance, business prospects and strategies. Forward looking information typically contains statements with words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘expect’’, ‘‘plan’’, ‘‘estimate’’, ‘intend’’, ‘‘will’’, ‘‘may’’, ‘‘should’’ or similar words suggesting future outcomes. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of August 31, 2018.
  3. 3. Q4 F2018 Highlights 3
  4. 4. • Average monthly active users of theScore on iOS devices grew by 12.5% year-over-year in Q4 F2018, including growth of 17% in June, supported by our coverage of the 2018 FIFA World Cup. • Total average monthly active users of theScore app grew to 3.7 million versus 3.5 million for the same period last year, growth of 5%. • iOS growth partially offset by lower monthly active users on Android. 4 Q4 F2018 Highlights • Revenue for Q4 F2018 grew to $5.1 million versus $4.8 million for the same period the previous year, while revenue for the twelve months ending August 31, 2018 was $27.7 million, up from $26.3 million in F2017. • EBITDA loss for F2018 improved to $2.4 million compared to a loss of $5.9 million in F2017 while EBITDA loss for Q4 F2018 was $2.4 million, compared to a loss of $1.9 million for the same period the previous year. • EBITDA loss during Q4 F2018 was due to a combination of increased facilities, administrative and other expenses, including expenses relating to U.S. sports betting business development activities, as well as direct sales for the quarter which, despite being up 6% year-over-year, were below expectations.
  5. 5. • Reached an average of 55 million sports fans a month via our social channels during Q4 F2018. • Included a new record reach of 70 million in June. • Instagram account has best-in-class growth and engagement rates. • Channels remain a powerful brand-building tactic. • Debuted new longer-form original video content series theScore X. • Led with exclusive interview with NBA star Lance Stephenson. • Success of this has opened up other discussions with top level athletes and teams keen for us to tell their stories. 5 Q4 F2018 Highlights
  6. 6. • Esports video content continued to achieve significant growth. • Recorded total of 33 million video views in Q4 F2018, up 117% year-over-year. • YouTube channel broke through 400,000 subscribers and viewing hours continue to trend upwards. • Growth has led to interest from brands eager to leverage our content to reach fans of competitive gaming. 6 Q4 F2018 Highlights
  7. 7. • Continued to pursue opportunities related to the U.S. Supreme Court’s repeal of the Professional and Amateur Sports Protection Act (PASPA). • Appointed former Wynn Resorts International Interactive Gaming Chief David Wang as Senior Advisor. • Current market for sports betting in U.S. remains limited due to state-by-state roll-out. • Company believes there is exciting near-term and long- term potential for theScore thanks to our large and engaged audience and expertise in delivering great mobile sports experiences. 7 U.S. Sports Betting Opportunity
  8. 8. Product and Content 8
  9. 9. 9 • Coverage of the 2018 FIFA World Cup in theScore app helped drive user growth during Q4 F2018. • Provided a new Timeline view to capture all major match incidents; Added details on Top Performers, and deeper Team Comparison stats. • Features rolled over into other main soccer sections, including EPL and UEFA Champions League, in time for new season. • Coverage also provided across our Emerging Platforms. • World Cup content delivered through theScore Bot for Facebook Messenger and theScore Fantasy for Facebook’s Instant Games. • Content localized into French, Portuguese and Spanish to capitalize on global appeal of soccer. • Began to test social-related app features, with the goal of empowering sports fans’ conversations • Early results have been positive, with continued development planned for Q1. Product and Content
  10. 10. 10 • theScore’s social content reached an average of 55 million sports fans a month during Q4 F2018. • Growth and engagement rates on Instagram continue to outperform our peers. • Took first steps into longer-form original video content with the launch of ‘theScore X’ series. • Debuted with interview with Lance Stephenson, driving about 80 million earned media impressions. Product and Content
  11. 11. 11 • Continue to innovate in the ways we deliver content within our app. • Introduced ‘Stories’ – a new, highly visual format that allows us to present news. • Continued to build out our gambling-focused content, with work underway on increasing this offering from a content and data standpoint in Q1. Product and Content
  12. 12. 12 • Achieved 33 million total video views for esports in Q4 F2018, growth of 115% year-over-year. • Subscribers to YouTube channel also broke through 400,000 in Q4 F2018, with viewing numbers and hours continuing to trend upwards. • Well positioned as industry continues to grow, with brands showing increased interest in engaging with our audience of competitive gaming fans. Product and Content
  13. 13. Financials 13
  14. 14. Financials 14 Q4 F2018 Q4 F2017 Revenue $5,099 $4,752 Operating Expenses $8,303 $7,584 EBITDA $(2,351) $(1,896) • Revenue for Q4 F2018 grew to $5.1 million versus $4.8 million for the same period the previous year. • Revenue for the twelve months ending August 31, 2018 was $27.7 million, up from $26.3 million in F2017. • Increase in expenses attributed to combination of increased facilities, admin, and other expenses, including those related to U.S. sports betting business development activities. • Finished Q4 F2018 with cash of $6.3 million. Cash use for quarter was $1.5 million versus cash use of $2.6 million in Q4 F2017. Aug 31, 2018 May 31, 2018 Cash $6,347 $7,896 Current Assets $13,264 $16,050 Working Capital $9,554 $12,417
  15. 15. 15 Q&A