Super Group (NYSE:SGHC) Limited (SGHC) Q2 2023 Earnings Conference Call August 17, 2023 8:30 AM ET
Company Participants
Lisa Kampf - Vice President, Investor Relations
Neal Menashe - Chief Executive Officer
Alinda Van Wyk - Chief Financial Officer
Richard Hasson - President and COO
Conference Call Participants
Bernie McTernan - Needham & Company
Michael Graham - Canaccord
Jed Kelly - Oppenheimer
Operator
Good morning. And welcome to Super Group’s Second Quarter of 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Following management’s prepared remarks, we will open the call for Q&A. [Operator Instructions]
Please note, this event is being recorded. I would now like to turn the call over to Lisa Kampf, Vice President of Investor Relations. Please go ahead.
Lisa Kampf
Good morning, everyone. And thank you for joining us today to discuss Super Group’s results for the second quarter of 2023. During this call, we may make comments of a forward-looking nature that are subject to risks, uncertainties and other factors discussed further in our SEC filings that could cause our actual results to differ materially from our historical results or from our forecast. We assume no responsibility to update forward-looking statements other than as required by law.
On today’s call, we may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. We have provided a reconciliation of the non-GAAP financial measures to the most comparable GAAP figures in the press release issued earlier today and available on the Investor Relations page of Super Group’s website.
In addition, we will speak to our financial results and metrics for Q2 2023 in two parts, highlighting our profitable and cash generative global business separately from our investment into the U.S. This aligns with the annual guidance we have provided for 2023 and is consistent with both how we view our business internally and how we report going forward. We recommend that investors refer to our supplementary presentation posted to our website.
On this call, I am joined by Neal Menashe, Chief Executive Officer; and Alinda Van Wyk, Chief Financial Officer. During the Q&A session, we will also be joined by Richard Hasson, President and Chief Operating Officer.
And now I would like to turn the call over to Neal.
Neal Menashe
Thank you, Lisa. Good morning, everyone, and thank you for joining us. Today, we are delighted to report a strong set of financial results for quarter two 2023. Total revenue for the quarter ex-U.S. was €374 million, an increase of 16% year-on-year. Ex-U.S. operational EBITDA grew even more strongly to €83 million, a 54% increase year-on-year. Separately, for the U.S., our net EBITDA investment for the quarter was €13 million.