Super Group (NYSE:SGHC) Limited (SGHC) Q1 2023 Earnings Conference Call May 24, 2023 8:30 AM ET
Company Participants
Lisa Kampf - Vice President, Investor Relations
Neal Menashe - Chief Executive Officer
Richard Hasson - President and COO
Alinda Van Wyk - Chief Financial Officer
Conference Call Participants
Jed Kelly - Oppenheimer
Bernie McTernan - Needham & Company
Michael Graham - Canaccord Genuity
Operator
Good day. And welcome to the Super Group Results for the First Quarter of 2023. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]
Please note this event is being recorded. I would now like to turn the conference over to Lisa Kampf, Vice President of Investor Relations. Please go ahead.
Lisa Kampf
Good morning, everyone. And thank you for joining our call today to discuss Super Group’s results for the first 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.
Additionally, 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 had 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 the first quarter of 2022 -- 2023 in two parts, highlighting our profitable and cash generative global business separately from our investment in the U.S. This aligns with the annual guidance that we have provided for 2023 and is consistent with both how we view our business internally and how we will report going forward. We recommend that investors refer to a supplementary presentation posted to our website.
On this call, I’m joined by Neal Menashe, Chief Executive Officer; Richard Hasson, President and COO; and Alinda Van Wyk, Chief Financial 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. For the Betway, we reported strong first quarter financial results with net revenue, excluding the U.S. of €332 million and operational EBITDA of €51 million. Separately, for the U.S., our net investment for the quarter was €17 million.