The following is a summary of the Super Group (SGHC) Limited (SGHC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Super Group achieved record revenues in non-U.S. markets, with a third-quarter high of €395 million, a 13% year-over-year increase.

• Adjusted EBITDA ex the U.S. saw an impressive 52% year-over-year growth to €95 million.

• The company's margin performance reached 24%, surpassing the target of 20% for two consecutive quarters.

• Financially strong with €297 million in unrestricted cash and no debt by quarter's end.

Business Progress:

• The casino business, which makes up 83% of net revenue, is showing robust growth, reflecting Super Group's market expertise.

• Super Group has a strong presence in Africa, leading in seven locally regulated markets and holding podium positions in five.

• The company plans to continue its expansion in Africa and Canada while reassessing its operations in the New Jersey and Pennsylvania iGaming business in the U.S.

• Super Group announced the initiation of regular dividends starting Q1 2025 and is exploring further special dividends.

Opportunities:

• Africa is identified as a significant opportunity for expansion, particularly with the expected population growth to 2.5 billion by 2050.

• There are initial plans to expand existing brands within strategic markets and a pipeline for entering new markets over the next 12 months.

Risks:

• The U.S. market poses challenges, including the recent shutdown of the U.S. sportsbook operations and ongoing reassessment of iGaming business sustainability.

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