Jackpotjoy PLC announces First Quarter Results

Results for the Three Months ended 31 March 2018
Gaming revenue up 13% year-on-year
Trading in line with expectations

LONDON / ACCESSWIRE / May 15, 2018 / Jackpotjoy plc (LSE: JPJ), a leading global online bingo-led operator, today announces the results of the Jackpotjoy group (the “Group”) for the three months ended 31 March 2018.

Financial summary

Three months ended
31 March 2018
(£m)

Three months ended
31 March 2017
(£m)

Reported Change(%)

Gaming revenue

80.7

71.4

13

Net loss (as reported under IFRS)

(7.7)

(15.3)

50

Adjusted EBITDA1

27.1

29.2

(7)

Adjusted net income1

21.4

20.8

3

Operating cash flows

24.4

23.3

5

Diluted net loss per share2

(0.10)

(0.21)

52

Diluted adjusted net income per share1,2

0.29

0.28

4

Financial highlights for first quarter

-Good financial performance

Gaming revenue rose 13% year-on-year, supported by 7% revenue growth in the Jackpotjoy3 segment and 35% revenue growth in Vera&John
Adjusted EBITDA 1 decreased 7% year-on-year reflecting the planned increase in marketing costs and the application of point of consumption tax to
gross gaming revenue (‘POC2’) in the UK from Q4 2017
Adjusted net income1 increased 3% year-on-year principally due to a decrease in interest expense following the debt refinancing in Q4 2017

-Strong ongoing cash generation

Operating cash flow of £24.4 million, an increase of 5% year-on-year, and 33p of operating cash flow per share2
Adjusted EBITDA1 to cash conversion of 90%
Free cash flow4 of £24.7 million
Adjusted net debt5 of £379.9 million (compared to £387.3 million at 31 December 2017) and adjusted net leverage ratio6 of 3.57x

· After a solid start to 2018, and strong double-digit revenue growth, the outlook is positive for the full-year and the Group is trading in line with expectations

Enquiries

Jackpotjoy plc

Jason Holden

Director of Investor Relations

jason.holden@jpj.com

+44 (0) 203 907 4032

+44 (0) 7812 142118

Jackpotjoy Group

Amanda Brewer

Vice President of Corporate Communications

amanda.brewer@jpj.com

+1 416 720 8150

Media Enquires

Finsbury

jackpotjoy@finsbury.com

+44 (0) 207 251 3801

James Leviton, Andy Parnis

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/0411O_1-2018-5-14.pdf

SOURCE: Jackpotjoy plc via RNS the company news service from the London Stock Exchange

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