bet-at-home.com AG

Investor Presentation • May 23, 2022

GROUP QUARTERLY STATEMENT Q1 2022

bet-at-home.com AG – 23 May 2022

Life is a game!

REPORT BY THE MANAGEMENT BOARD

Dear ladies and gentlemen, dear shareholders,

following the challenges of the past fiscal year 2021, the bet-at-home.com AG Group has made a successful start to the new year thanks to the measures and initiatives taken to date. Gross betting and gaming revenue in the first three months of the current financial year amounts to EUR 14.0 million and is thus within expectations for the full year 2022. Our brand is excellently positioned in attractive core markets with high purchasing power. In Germany in particular, we expect the relevant authorities to take rigorous action against unlicensed providers in the foreseeable future. In addition to strengthening our market position in this important core market for bet-at-home, we submitted the application for a national license for online sports betting and online gaming in the Netherlands as planned at the end of March 2022. We expect a future granting of licenses in the Netherlands and other markets to provide us with further legal certainty in licensed markets, especially as national licenses will continue to gain importance in EU member states. Cash and cash equivalents within the bet-at-home.com AG Group totaled EUR 42.1 million as of March 31, 2022, thus remaining at the year-end 2021 level of EUR 42.0 million. Group equity as of March 31, 2022 totals EUR 14.3 million.

Despite all the challenges of the past financial year, I am optimistic about the future and am convinced that bet-at-home is on the right track with the measures and initiatives it has taken. Since my appointment to the Management Board at the end of February 2022, I have been convinced on a daily basis by the broad expertise in the individual specialist areas and am therefore confident that I will be able to leverage high potential at product level in the future. Once again, I would like to thank all those who have helped bet-at-home make this forward-looking start to the 2022 financial year, first and foremost our employees. I would also like to thank our shareholders for the trust they have placed in us.

Marco Falchetto

CEO

Segment reporting

01/01-31/03/2022 ǀ in EUR 1,000	Online sports betting	Online gaming*	Total
Betting and gaming volume	104,272	22,088	126,360
Paid out winnings	-91,617	-20,731	-112,348
Gross betting and gaming revenue	12,655	1,357	14,012
Betting fees and gambling levies	-2,995	0	-2,995
VAT on electronic services	-43	-1	-44
Net betting and gaming revenue	9,617	1,356	10,973

* includes casino, live casino, vegas games and virtual sports

CONSOLIDATED STATEMENT OF INCOME

Income Statement (in EUR 1,000)	01/01/- 31/03/2022
Gross betting and gaming revenue	14,012
Betting fees and gaming levies	-2,995
Value-added tax (VAT)	-44
Net betting and gaming revenue	10,973
Other income	678
Personnel expenses	-4,417
Advertising expenses	-3,503
Other operating expenses	-5,142
EBITDA	-1,411
Amortisation/Depreciation	-576
EBIT	-1,988
Financial result	-35
EBT	-2,023
Taxes on income and earnings	-702
Consolidated profit for the period	-2,725

• Personnel expenses decreased by EUR 0.6 million year-on-year to EUR 4.4 million in the first quarter of 2022 due to the headcount reduction announced in December.
• At EUR 3.5 million, marketing expenses in the first quarter of 2022 were lower than in the same period of the previous year. The marketing focus in the current financial year will be on the advertising measures surrounding the Football World Cup in Qatar in the fourth quarter of 2022. Other operating expenses in the first quarter of 2022 amount to EUR 5.1 million.
• EBITDA in the first quarter of 2022 was EUR -1.4 million.

bet-at-home.com AG

Group quarterly statement Q1 2022 (unaudited) ǀ 23 May 2022 Classification: Public

STABLE ASSET AND CAPITAL STRUCTURE

Development of cash & cash equivalents and group equity

	Group equity as at 31/03/2022 totals EUR 14.3 million (31/12/2021:
	EUR 17.0 million).

Cash and cash equivalents within the bet-at-home.com AG Group totaled EUR 42.1 million as of March 31, 2022 (December 31, 2021: EUR 42.0 million).

in EUR 1,000	31/12/2021	31/03/2022
Share capital	7,018	7,018
Capital reserves	7,366	7,366
Total comprehensive income	2,658	-67
Group equity	17,042	14,317

bet-at-home.com AG

THE SHARE

Performance compared to the DAX and SDAX

CHARACTERISTICS

ISIN	DE000A0DNAY5
Stock exchange	Frankfurt
Market segment	Prime Standard
Number of shares	7,018,000

FUNDAMENTALS 31/03/2022

Market capitalisation	EUR 109.8 million
Cash & cash equivalents	EUR 42.1 million
Enterprise Value*	EUR 67.7 million

*) Enterprise Value = market capitalisation – cash & cash equivalents

SHAREHOLDER STRUCTURE

Betclic Everest SAS	53.90%
Freefloat	45.10%
Management	1.00%

bet-at-home.com AG

Group quarterly statement Q1 2022 (unaudited) ǀ 23 May 2022 Classification: Public

Guidance Financial Year 2022

The Management Board continues to expect the bet-at-home.com AG Group to generate gross betting and gaming revenue of between EUR 50 million and EUR 60 million in the 2022 financial year. For the financial year 2022, the bet-at-home.com AG Group continues to expect EBITDA to break even at between EUR -2 million and EUR 2 million.

Any deconsolidation effects of the Maltese bet-at-home.com Entertainment Ltd. have not yet been considered.

INVESTOR RELATIONS

Investor Relations Hotline

+49 211 545 598 77

ir@bet-at-home.com

www.bet-at-home.ag

FINANCIAL CALENDAR 2022
04/04/2022	Annual Report 2021
17/05/2022	Annual General Meeting 2022
23/05/2022	Quarterly Statement Q1 2022
22/08/2022	Interim Report January-June 2022
26/09/2022	Interim Financial Report 2022
21/11/2022	Quarterly Statement Q1-Q3 2022

This presentation is for information purposes only and contains written documentation or slides for a presentation on bet-at-home.com AG ("the company") and its operations. This presentation does not constitute a solicitation or offer to sell, purchase or subscribe to shares in the company. The information and opinions expressed therein do not form the basis of any contract or investment decision.

This presentation contains forward-looking statements, that means statements which are not historical facts, including statements about the beliefs and expectations of the company and the company's objectives in regards to the future development of the business. These statements are based on current plans, estimates as well as projections and therefore should not be excessively evaluated by investors. Forward-looking statements are only relevant as of the date in which they are made and the company is not obliged to make such statements in terms of new information, future developments up to the latest date and publish revised statements.

Although this presentation has been prepared with the utmost care with respect to the accuracy of the facts, the material within this presentation has not been checked by the company. Neither the company, its managers or any third party offer any guarantee, expressed or implied in underlying the accuracy or completeness of this presentation, information or opinions. Neither the company or any of its members, managers, representatives or employees or any third party shall have any liability for any damages arising from the use of this presentation or its contents or in connection therewith.