Super Group (NYSE:SGHC) Limited (SGHC) Q3 2022 Earnings Conference Call November 22, 2022 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 Chief Operating Officer

Conference Call Participants

Jed Kelly - Oppenheimer

Michael Graham - Canaccord

Bernie McTernan - Needham

Operator

Good morning and welcome to Super Group’s Third Quarter of 2022 Earnings Conference Call. Following management’s prepared remarks; we will open the call for a question-and-answer session. I would now like to turn the call over to Lisa Kampf, Vice President of Investor Relations.

Lisa Kampf

Good morning, everyone and thank you for joining our call today to discuss Super Group’s results for the third quarter of 2022. 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. We suggest that all investors refer to the supplemental presentation posted to the IR section of our website, which includes the financial information that will be referred to during this call and additional information for the quarter.

Today, I am joined by Neal Menashe, Chief Executive Officer and Alinda Van Wyk, Chief Financial Officer. After our prepared remarks, we will open the call up for questions and 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. Our results for the third quarter of 2022 demonstrate the benefits of our global footprint and our positioning of the company for the longer term. Total revenue was €308 million and operational EBITDA was €50 million. On a like-for-like basis, meaning not including Jumpman Gaming, which we acquired on September 1, we entertained on average 2.7 million customers per month this quarter, up 6% from the prior year quarter. Alinda will discuss the financial results in greater detail in a moment. I will first elaborate on the progress we have made this quarter.