BETMAKERS TECHNOLOGY GROUP LTD — AGM Information 2021

Nov 21, 2021

22 November 2021

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CEO ADDRESS TO ANNUAL GENERAL MEETING

To my fellow shareholders,

I am pleased to update you on the Company’s progress and performance in FY21.

The Company reported FY21 revenues of $19.5million, which represents a 127% increase on FY20.

The result was driven by rising demand for BetMakers’ products and services in Australia and overseas and included two weeks of revenue from the Company’s acquisition of Sportech’s Racing and Digital businesses, which completed on 18 June 2021.

The Sportech acquisition and acceleration of the Company’s strategy in the United States market, including Fixed Odds betting on horse racing, were highlights in a transformational year for BetMakers on the global wagering stage.

BetMakers now operates in more than 30 countries with more than 200 customers, and we believe we are one of the leading B2B supplier for racing around the world.

Each sector of our business, including Global Racing Network, Global Betting Services and Global Tote, is in a position for continued growth throughout FY22 and beyond.

As Chief Executive Officer, I could not be more excited about the potential of the Company and the size of the opportunities our dedicated teams have established globally.

We have successfully built on our position as a core data and technology partner to the global racing industry – for racing bodies, rights holders and wagering operators - with demand for digital wagering and integrity products growing in Australia and internationally.

It is especially pleasing that our collective vision for the Company over the past three years is being clearly actioned. Management and staff are implementing plans and executing on a global strategy that has been supported by the Company’s Board.

The strategy, which at its core has a focus on creating and delivering best-in-class B2B wagering and integrity-led products that monetise content for stakeholders across a global racing ecosystem, has delivered sustained value growth for shareholders.

This is demonstrated by the share price performance over the past two years: FY20 recorded 844% growth ($0.045 to $0.425); and in FY21 the growth was 152% ($0.425 to $1.070).

I am thankful for the support of shareholders, especially long-term holders, and those who have invested as part of BetMakers’ journey. It has, at times, been a voyage into unchartered waters, but we have always believed in staying the course and that the prize we were sailing towards would not come without some rough seas.

Over the course of FY21, BetMakers has continued to grow its domestic business in Australia while navigating new territories and markets that have now established the foundations for the Company’s next phase of growth globally.

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In pioneering, by advocacy, Fixed Odds betting on horse racing in the United States, and subsequently the approvals by law in the state of New Jersey, we are playing a leading role in the innovation and evolution of horse racing.

By continuing to pursue strategic opportunities, such as the acquisition of Sportech PLC’s racing and digital assets, we are investing in global opportunities that we believe can achieve significant scale for the Company, while also providing financial strength for the global horse racing industry as it competes with other sports, both for audiences and share of wagering.

In building this vision, we have assembled some of the best executives and advisors available in global wagering: Matt Davey, a global entrepreneur in the wagering space, and BetMakers’ biggest shareholder, has committed to the long-term growth of the Company and has been a valued addition serving as a Non-Executive Director on our board; Matt Tripp, a pioneer of online wagering in Australia, bought into BetMakers during FY21 and agreed to be an exclusive advisor for the Company on B2B wagering globally.

We now have Australian offices in three states (Newcastle in NSW, Melbourne in Victoria and Brisbane in Queensland) and a highly skilled development and race-day operations team in Columbo, Sri Lanka. Together with the acquisition of the Sportech racing and digital assets we have offices in 8 countries.

The culmination of this growth, in talented people and geographies, is the intention to create one of the most prominent companies in the global wagering sector.

I would like to thank BetMakers’ Chairman of the Board, Nick Chan, who has been with the Company since its inception, and all board members for their support in FY21.

The Board, management and staff remain mindful that this year has again been a very difficult period for many people around the world during waves of the Coronavirus, and we extend our thoughts to all those affected.

The Company’s resilience as a borderless digital business has been evidenced more than ever this year, but just as importantly, the ability of our staff to operate under times of duress, and still deliver the highest quality and continuity of services, has been remarkable.

Finally, with the addition of staff from all over the world who have embraced the BetMakers’ culture and passion, I would personally like to thank all of you.

We are aligned as a company with a clear vision and coherent action plans. And we are excited.

Regards Todd Buckingham CEO - BetMakers Technology Group Ltd ASX: BET

For further information please contact

Charly Duffy Jane Morgan Company Secretary Investor and Media Relations companysecretary@thebetmakers.com investors@thebetmakers.com

• 61 (0) 409 083 780

• 61 (0) 405 555 618

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Todd Buckingham, Managing Director of BetMakers Technology Group Ltd, authorised the release of this announcement to ASX .

Disclaimer

This announcement contains “forward-looking statements.” These can be identified by words such as “may”, “should”, “anticipate”, “believe”, “intend”, “estimate”, and “expect”. Statements which are not based on historic or current facts may by forward-looking statements. Forward-looking statements are based on:

• assumptions regarding the Company’s financial position, business strategies, plans and objectives of management for future operations and development and the environment in which the Company will operate; and

• current views, expectations and beliefs as at the date they are expressed and which are subject to various risks and uncertainties.

Actual results, performance or achievements of the Company could be materially different from those expressed in, or implied by, these forward-looking statements. The forward-looking statements contained within the presentations are not guarantees or assurances of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by forward-looking statements. For example, the factors that are likely to affect the results of the Company include general economic conditions in Australia and globally; exchange rates; competition in the markets in which the Company does and will operate; weather and climate conditions; and the inherent regulatory risks in the businesses of the Company. The forwardlooking statements contained in this announcement should not be taken as implying that the assumptions on which the projections have been prepared are correct or exhaustive. The Company disclaims any responsibility for the accuracy or completeness of any forward-looking statement. The Company disclaims any responsibility to update or revise any forward-looking statements to reflect any change in the Company’s financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except as required by law. The projections or forecasts included in this presentation have not been audited, examined or otherwise reviewed by the independent auditors of the Company.

You must not place undue reliance on these forward-looking statements.