Announcement PDF BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q4 FY25 UPDATE The Global Market Leader for Racing Technology Solutions July 2025 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 1 DISCLAIMER ______ The material contained in this document is a presentation of general information about the activities of BetMakers Technology Group Limited (the Company or BET) as at 22 July 2025. All monetary figures quoted within this document are in Australian dollars ($AUD) unless otherwise specified. All quarterly figures are unaudited unless otherwise specified. The document is not a prospectus, product disclosure statement or other offer document under Australian law or any other law. The information is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs and does not include all information which an investor may require to assess the performance, risks, prospects or financial position of the Company. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by the Company, including any of its related bodies corporate. This update contains “forward-looking statements”. These can often be identified by the use of certain words such as “may”, “should”, ”anticipate”, “believe”, “intend”, “estimate” and “expect”. However, any statements which are not based on historic or current facts may be 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. The forward-looking statements contained within the update 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 the 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; conduct of contracted counter parties; whether and climate conditions; and the inherent regulatory risks in the businesses of the Company. The forward-looking 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 the information contained in this update, including any forward-looking statement. The Company disclaims any responsibility to update or revise any information in this update, including 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 data 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. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 2 Financial results for Q4 FY25 highlight the impact of recent technology upgrades, operational improvements and transformation initiatives: 1 Revenue for Q4 FY25 was $22.6m, growing 8.9% QoQ 2 Gross Margin improved to 71.5%1, up from 63.9% QoQ 3 Adjusted EBITDA of $3.2m was a record quarterly result, up 164% QoQ 4 Delivered $3.4m of operating cash-flow and was the second consecutive quarter of free-cash flow Ready for scale - enhanced platform positioned to capitalise on market opportunities in FY26 ➞ 1. Gross profit for the quarter was positively impacted by a $0.9m of adjustments. Excluding these, gross profit margin for the quarter was 67.4%. See slide 10 for further details. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 3 BetMakers has built a market leading platform. INTEGRATIONS AND RELATIONSHIPS A deep network of established client relationships and integrations tailored for racing PROPRIETARY & INNOVATIVE TECHNOLOGY Highly resilient tech stack. Years of innovation & racing specific know-how REGULATIONS AND INTEGRITY NETWORK EFFECTS Able to solve complex regulatory hurdles An expanding global network in major racing jurisdictions CONTENT & DATA Market leading content and racing data © 2025 BetMakers Technology Group Limited. Confidential & proprietary. MODULAR PLATFORM Comprehensive modular solutions in a single ecosystem for both Tote and Fixed Odds customers INVESTOR PRESENTATION | 4 Our network extends all over the world, powering market leaders in both Tote and Fixed Odds. 65+ online wagering operators 45+ regulatory licenses Recent contract wins in all major global markets with opportunities for future growth 30+ active countries 230+ racing partners Our clients are the global leaders in wagering and our network is expanding. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 5 The breadth of our product portfolio provides a clear competitive advantage. FIXED ODDS: TOTE AND ON-TRACK BETTING: DATA: BetMakers Peer 1 Peer 2 Fixed Odds Pricing ⬤ ⬤ ⬤ Turnkey Wagering Platform ⬤ ⬤ ⬤ Embedded Racebook ⬤ In development ⬤ In-house Managed Trading Services ⬤ In development ⬤ Fully Managed Tote Hosting Solution ⬤ ⬤ ⬤ Point of Sale Software and Systems ⬤ ⬤ ⬤ Lite Integration for Digital Sportsbooks ⬤ ⬤ ⬤ Tote Commingling and Interfacing ⬤ ⬤ ⬤ Race Day Data Feeds ⬤ ⬤ ⬤ Global Racing Streaming ⬤ ⬤ ⬤ Racing Informatics and Content ⬤ ⬤ ⬤ 24/7 Global Race Day Control Centre ⬤ ⬤ ⬤ No global competitor offers a full service horse racing product offering for both Tote and Fixed Odds. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 6 REVENUE There is significant opportunity to upgrade our global racing and sportsbook clients along the BetMakers value chain. RACING DATA PRICING SOLUTIONS FORM & CONTENT MANAGED TRADING SERVICES (MTS) BETTING PLATFORM SOLUTIONS ACCESS TO GLOBAL TOTE POOLS POINT OF SALE SOFTWARE STREAMING & BETTING ENGAGEMENT MARKETING SERVICES Emerging products for BetMakers VALUE CHAIN This graph is provided for illustrative purposes only. The comparative revenue amounts, and incremental increases in revenue, do not represent BetMakers’ projections or expectations relating to the revenue that may be generated from each service in the value chain. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 7 FINANCIAL UPDATE ______ Focus on growth © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 8 PRODUCT DRIVEN GROWTH _____ Recent revenue trajectory shows growth is accelerating. ➞ Revenue growth for Q4 FY25 was $22.6m, up 8.9% QoQ and was supported by strong performance from variable revenue streams. ➞ Revenue in H1 FY25 was impacted by international racing calendar seasonality as well as the migration to Apollo. ➞ BetMakers is seeing an increasing number of potential growth opportunities, driven by network expansion, new markets and our improved suite of technology and products. ➞ Based on current market trends and internal projections, BetMakers continues to expect an improved growth outlook in FY26. *Revenue from Q1 FY25 excludes $0.9m from a legacy customer. Revenue for Q4 FY25 excludes $0.15m revenue from the settlement of a minor litigation matter in favour of BetMakers. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 9 TECHNOLOGY POWERING MARGIN _____ BetMakers technology continues to deliver uplifts in gross margin ➞ Gross Margin for Q4 FY25 was 71.5%, up from 63.9%1 in the previous quarter and from 55.2% in the prior corresponding period. ➞ Ongoing improvements to gross margin are being driven by recent technology upgrades, which have lowered delivery costs... ➞ Future revenue growth would be expected to deliver stronger incremental margins that can support further growth margin improvement. ➞ Gross profit for the quarter was positively impacted by a c$0.9m of adjustments.2 Excluding these, gross profit margin for the quarter was 67.4%. 1. 2. Gross Margin of 63.9% for Q3 FY25 is after adjusting for a one-off inventory write off of $284k. Refer to Financial Summary in ASX Announcement dated 22 July 2025 for further details. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 10 BetMakers’ transformation strategy continues to deliver improved profitability. In 24 months there has been a c$40m improvement in the Adjusted EBITDA annualised run-rate for the quarter Consistent QoQ improvements in Adjusted EBITDA during FY25 For Q4 FY24 and Q4 FY23 in the chart above, the Adjusted EBITDA figure that has been annualised is as per the disclosures in the Company’s ASX announcement released to market on 29 July 2024 for the quarter ended 30 June 2024. As staff costs were not capitalised during FY23, the Q4 FY23 number has been adjusted for $1.5m of quarterly capitalised costs in order to allow a comparison on a like for like basis. Quarterly capitalised costs in Q4 FY24 were $1.5m. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 11 The changes in profitability are also reflected in operating cash-flow Q4 FY25 was significantly improved vs prior corresponding periods Two consecutive quarters of more than $3.0m of operating cash-flow.1 Q1 FY25 includes the Company’s annual minimum guarantee payment to Darby Development LLC in relation to New Jersey Fixed Odds. A payment of $3.1m was also made in July 2025. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 12 Appendix ______ © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 13 BetMakers has signed binding terms1 to acquire LVDC. Who is LVDC? Strategic Footprint The only approved pari-mutuel service provider for Nevada's gaming industry, servicing sportsbooks, racebooks, bars, taverns, and online platforms. LVDC provides pooling (through its hub) into hosted racing pools from around the world including on North American racing. Expanded Network Expected to generate approximately A$4m2 annual revenue for BetMakers. Select Customers 1. 2. Platform Synergies Refer to ASX Announcement lodged with ASX on 4 June 2025. See Slide 28 of the Investor Presentation lodged with ASX on 4 June 2025 for a summary of the material terms of the Heads of Agreement. The binding Heads of Agreement requires the parties to execute a long form purchase agreement and obtain regulatory approvals and third party consents as conditions precedent to completion of the acquisition. There is no guarantee that this acquisition will be completed on the agreed terms. Based on LVDC’s historical financial performance and assuming existing contracts are novated to BetMakers and consistent revenue is derived from these contracts, the total revenue acquired by BetMakers may vary and will be subject to due diligence and dependent on whether all current customer contracts are assumed by BetMakers. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 14 BetMakers intends to leverage its technology and network to monetise LVDC's customer relationships and Las Vegas footprint. 1. Dominant Market Position Content Expansion Establishes a foothold in the heart of global gaming, cementing BetMakers' presence alongside Nevada’s premier casino operators. Enables a broader racing content offering for casino partners, opening new revenue channels. Product and Platform Synergies Integrates BetMakers’ advanced global wagering technology to elevate the end-user experience across retail and digital channels. Return Profile Expected to be cashflow positive within 12 months1 supported by cost efficiencies and technology-driven growth opportunities Assuming (among other things) normal trading conditions, existing contracts are novated to BetMakers and consistent revenue is derived from these contracts, cooperation of third parties on reasonably commercial terms, and that there are no unexpected difficulties in transitioning and integrating LVDC’s business. © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 15