The Stars Group Reports Third Quarter 2018 Results
The Stars Group Reports Third Quarter 2018 Results
Toronto November 7, 2018/ CNW/ -The Stars Group Ink (NASDAQ: TSG) (TSX: TSGI) reported the third quarter of the year ending September 30, 2018. Provided some additional details and information. Unless otherwise stated, the dollar amount ($) is all US dollars.
"The Stars Group's Rafi Ashkenage's CEO, CEO, was an important quarter of the year of transformation, for our company, which began to realize the vision of becoming a popular Igaming Destination in the world. "We have completed the acquisition of Sky Betting & Amp; Amp; Gaming approved by CMA and became the leader of the UK online gambling and gaming market. Betesh in Australia. I started sports betting.
Ashkenage said, "Although the results of sports were not good this term, we are satisfied with the quarterly financial results that reflects both the contributions of Beteasy and Sky Betting & Amp; amp; amp; gaming. There is. "
"We will continue to change and use our future opportunities to utilize the leader status, powerful brands, technologies, and management expertise in attractive markets for 2019," Ashkenage. Was concluded.
Performance in the third quarter of 2018
Consolidation
The third quarter ended on September 30
9 months ending on September 30th
Unit: 1, 000 dollars
(Excluding interest and amount per share)
2018
2017
Rate of increase / decrease
2018
2017
Rate of increase / decrease
Net income (loss)
Net income after adjustment
After adjustment eBitDa margin
After thinning, ordinary shares per share (loss) ($/ shares)
Net income per share after diluting after adjustment (dollar / stock)
Pure cash flow by sales activities
1 No n-IFRS index. For the main information about no n-IFRS indicators of the Stars Group, refer to the following "No n-IFRS indicators" and "Adjustment of IFRS indicators close to no n-IFRS indicators".
- Total revenu e-Finally, the profits of the quarter were 73. 6%yea r-o n-year due to profits from the acquisition of Sky Betting & Amplifier Gaming (hereinafter "SBG") and the acquisition of Bet Ai, and organic growth in overseas segments. 。
International segment
The third quarter ended on September 30
9 months ending on September 30th
Unit: 1, 000 dollars (unless described separately)
2018
2017
Rate of increase / decrease
2018
2017
Rate of increase / decrease
Net profit margin in betting (%)
Total income
352. 446
329. 443
7, 0%
1. 084. 447
952. 065
13, 9%
General profit
287. 522
266. 966
7, 7%
873. 444
774. 460
12, 8%
Total profit margin (%)
General management expenses
Sales and marketing
R & D expenses
Operating profit
137. 507
133. 062
3, 3%
411. 655
381. 235
8, 0%
EBITDA after adjustment
182. 228
162. 880
11, 9%
533. 025
478. 264
11, 4%
After adjustment EBITDA margin (%)
51, 7%
49, 4%
4, 6%
49, 2%
50, 2%
(twenty two%)
1 No n-IFRS index. For the main information about no n-IFRS indicators of the Stars Group, refer to the following "No n-IFRS indicators" and "Adjustment of IFRS indicators close to no n-IFRS indicators".
2) Other profits include $ 1 million excluded from consolidated business performance because it is related to specific no n-gaming transactions with the British industry.
- Poke r-Poker revenue in the current quarter was $ 2128 million, about 3, 9%lower than the same period of the previous year. Excluding the effects of fluctuations in the annual exchange rate, poker profits in the current quarter have increased by 0, 3%. The decrease in the currency exchange rates, which is mainly due to fluctuations in the currency exchange rate, the suspension of work in some markets, mainly in Australia in September 2017, and the cros s-selling to other business lines (especially during the World Cup period). And, especially, the commitment of the Stars Rewards program (introduced in the quarter of the end of September 30, 2017), the first quarter of France and Spain, and the second quarter Portugal. It was offset by the introduction.
England
The third quarter ended on September 30
9 months ending on September 30th
Unit: 1, 000 dollars (unless described separately)
2018
2017
Rate of increase / decrease
2018
2017
Rate of increase / decrease
Net profit margin in betting (%)
Total income
168. 380
168. 380
General profit
121. 226
121. 226
Total profit margin (%)
General management expenses
Sales and marketing 2
R & D expenses
Business loss
(28. 635)
(28. 635)
EBITDA after adjustment
27. 943
27. 943
After adjustment EBITDA margin (%)
16, 6%
16, 6%
1 No n-IFRS index. For the main information about no n-IFRS indicators of the Stars Group, refer to the following "No n-IFRS indicators" and "Adjustment of IFRS indicators close to no n-IFRS indicators".
2. Sales and marketing costs include $ 1 million, erased from consolidated business performance because it is related to specific no n-gaming transactions with the British department.
- Revenue, Adjusted EBITDA and Adjusted Margin EBITDA - From July 10, 2018 to the end of the quarter ended September 30, 2018, revenue was $168. 4 million and $27. 9 million, respectively, down 16. 16%. Rescue in the period was impacted by lower pure win margins compared to the historical average indicators, mainly due to unfavorable sports results for the operator. This was partially offset by higher levels of betting during the period due to strong QAU growth. Adjusted EBITDA indicators and Adjusted EBTIDA margins were similarly impacted by lower pure win margins and marketing investments related to the start of the European football season. Australia
Three months ended 30 September
The third quarter ended on September 30
9 months ending on September 30th
Unit: 1, 000 dollars (unless described separately)
2018
2017
Rate of increase / decrease
2018
2017
Rate of increase / decrease
Net profit margin in betting (%)
Total income
124, 559
Gross profit
General profit
89, 589
Gross profit margin (%)
Total profit margin (%)
General management expenses
Sales and marketing
R & D expenses
Business loss
(33, 620)
Adjusted Ebitda
EBITDA after adjustment
7, 861
Adjusted EBITDA margin (%)
After adjustment EBITDA margin (%)
6, 3%
1 Non-IFRS related measures. For important information about the Non-IFRS Rating Group, see the tables in the Non-IFRS Measures and Reconciliation of Non-IFRS Measures to IFRS Direct Measures sections below.
1 No n-IFRS index. For the main information about no n-IFRS indicators of the Stars Group, refer to the following "No n-IFRS indicators" and "Adjustment of IFRS indicators close to no n-IFRS indicators".
- For additional information regarding the reportable segments and major areas of Stars Group's business, please refer to Stars Group's uncertified condensed consolidated financial statements for the three and nine months ended September 30, 2018 ("Third Quarter 2018 Financial Statements", including Note 6), and Leadership Discussion and Analysis ("Third Quarter 2018 MD& A").
Additional Historical Information and 2019 Update
In relation to the recent acquisitions of SBG and BETEASY, the past of the 3rd and nine months of the business of The Stars Group, which ended on September 30, 2018 and September 30, 2018 To further clarify the performance, it is displayed based on the Stars Group's current report and business rules, and see the information on the "additional information" headline below. Part of this data contains the characteristics of no n-IFRS. For important information about the No n-IFRS indicators of The Stars Group, please refer to the following "No n-IFRS Index" and "Adjusting No n-IFRS Index Adjustment for the closest IFRS indicators".
In addition, in order to further clarify the impact of these acquisitions on the yea r-i n-year business performance, the Stars Group provides information on disclosure of some money:
The depreciation and depreciation costs (excluding depreciation and depreciation costs for acquisition costs) were $ 65 million to $ 75 million;
-
These unpublished cache notes are based on a specific accounting assumption, reflecting management of management on the current and future market and business status, and (I) the evaluation loss and Including assumptions about the important impairment loss or evaluation loss of the assets related to collection; The fact that the hedging transaction partner does not have a significant adverse effect on the partner, (III), the significant fluctuation of the taxable income structure by jurisdiction cannot be used, (IV) The Stars Group's number of issuance and the number of promotions significantly increased or decrease. Not available, (v) Other important regulatory measures cannot be used, (VI) The major fluctuations of foreign exchange rates (especially euro, English pound, Australian dollar) are not available.
Supplementary information
A 3 month professional that ended on September 30, 2018
Unit: $ 1 million
international
International segment
England
Group 3
Consolidation
Consolidation
Profit
total
352, 4
197, 8
52. 2
(1, 0)
601, 4
Operating income (loss)
137, 5
(67, 9)
(26. 0)
(12. 0)
31. 6
After adjustment EBITDA 1
182, 2
37, 5
(4, 8)
(7, 2)
207, 7
After adjustment EBITDA Margin 1
A thre e-month proformer that ended on September 30, 2017.
Unit: $ 1 million
international
International segment
England
Group 3
Consolidation
Consolidation
Profit
total
352, 4
191. 4
39. 7
560. 5
Operating income (loss)
137, 5
(24. 7)
(10. 0)
(14. 3)
84. 1
After adjustment EBITDA 1
182, 2
54. 7
(2. 9)
(7. 1)
207. 6
After adjustment indicator EBITDA margin 1
A thre e-month proformer that ended on September 30, 2017.
Unit: $ 1 million
international
International segment
England
Group 3
Consolidation
Consolidation
Profit
total
352, 4
653. 9
150. 4
(1. 0)
601, 4
Operating income (loss)
137, 5
(177. 8)
(35. 4)
(163. 5)
35. 0
After adjustment EBITDA 1
182, 2
161. 4
13. 5
(27. 3)
680. 6
After adjustment indicator EBITDA 1 margin
A thre e-month proformer that ended on September 30, 2017.
Unit: Million US USA USA
international
International segment
England
Group 3
Consolidation
Consolidation
Profit
total
352, 4
551. 4
109. 5
1. 613. 0
Operating income (loss)
137, 5
(80. 0)
(16. 2)
(46. 1)
238. 9
After adjustment EBITDA 1
182, 2
161. 0
3. 5
(25. 0)
617. 8
After adjustment EBITDA Margin 1
A thre e-month proformer that ended on September 30, 2017.
30 June
30 days
31 March
30 June
30 days
31 March
2017
2017
2017
2017
2018
2018
2018
1 No n-IFRS index. For the main information about no n-IFRS indicators of the Stars Group, refer to the following "No n-IFRS indicators" and "Adjustment of IFRS indicators close to no n-IFRS indicators".
3 Other profits are linked to one or $ 10 million, which the company liquidated from consolidated performance, in order to associate some activities that are not related to gambling with the British department.
Economic report, consideration, test test, additional information
The Stars Group's third quarter of 2018, tests and control tests, and additional information on the Stars Group and its business include www. Sedar. com in sedar, www. sec . gov in edgar, www. Starsgroup in the Stars Group. You can see it on . com. The economic information published in the press release was excerpted from the third quarter of the 2018 economic report.
In addition to press releases, securities reports, telephone conferences, and webcasts, The Stars Group as a means of disclosure of related information to traders, etc., as a means of promoting disclosure according to the applied securities law. I plan to use the IR page on the website. Thus, traders must monitor the website in addition to the Stars Group's press release, securities reports, public telephone conferences and web broadcasts. This list may be updated at any time.
Details of telephone conferences and web broadcasting
The Stars Group will hold a telephone conference on November 7, 2018 (Eastern Time), explain the cash performance and related matters in the third quarter of 2018, and release the press release, web Cast Demo. Providing details on the information included in the third quarter of 2018 and the information included in MD & amp; AMP; A, and the MD & Amp; amp; A, and the profil e-based amount in the third quarter of 2018 are SBG and Betethety. Provides some of the past amounts of money data that has been acquired. To participate in a telephone conference, call +1 855-327-6838 or+1-631-891-4304 at least 10 minutes before the scheduled start time. Please call me. For recording, please call+1-844-512-2921 or +1 412-317-6671 within 2 hours after the end of the event. The meeting ID number is 10005822. To access the webcast, use the corresponding link: http: // public. Viavid. Com/index. Php? ID = 132084.
Adjustment between the IFRS no n-applied index and the latest IFRS index
The following table shows the adjustment table for net income (loss), which is deemed to be comparable by IFRS, a net profit per promotion after adjustment, net income after adjustment, net income after adjustment, as comparable in IFRS.
3 months ending on September 30, 2018
Unit: 1, 000 dollar (excluding per share)
International
International segment
England
Three months ended 30 September
Consolidation
Consolidation
Return of benefit tax
Pure gold cost
Operating income (loss)
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Investment and loss to affiliated companies
Demonstration of intangible assets and sale purposes
Adjustment Note Total
10. 323
2. 936
10. 354
4. 800
28. 413
EBITDA after adjustment
182. 228
182. 228
27. 943
7, 861
198. 252
9 months ending on September 30, 2018
Unit: 1, 000 dollar (excluding per share)
International
International segment
England
Three months ended 30 September
Consolidation
Consolidation
Return of benefit tax
Pure gold cost
Operating income (loss)
Operating income (loss)
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Investment and loss to affiliated companies
Demonstration of intangible assets and sale purposes
Adjustment Note Total
10. 323
2. 936
10. 354
136. 222
172. 932
Adjusted EBITDA
182. 228
533. 025
27. 943
Adjusted EBITDA margin (%)
541. 545
Three months ended September 30, 2017
In thousands of U. S. dollars (1 (excluding per share amounts)
International
International segment
England
Three months ended 30 September
Consolidation
Consolidation
Return of benefit tax
Pure gold cost
Operating income (loss)
Operating profit (loss)
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Recovery of impairments of intangible assets and assets held for sale
Total reconciliation notes
10. 323
7. 220
412
Adjusted EBITDA
182. 228
162. 880
155. 767
For the nine months ended September 30, 2017
In thousands of U. S. dollars (1 (excluding per share amounts)
International
International segment
England
Three months ended 30 September
Consolidation
Consolidation
Return of benefit tax
Pure gold cost
Operating income (loss)
Operating profit (loss)
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Recovery of impairments of intangible assets and assets held for sale
Total reconciliation notes
10. 323
20. 996
9. 211
Adjusted EBITDA
182. 228
478. 264
453. 305
Three months ended September 30
The third quarter ended on September 30
9 months ending on September 30th
International
2018
2017
2018
2017
9. 730
75. 874
(70. 733)
212. 110
Profit before tax
Net loss before tax (profit)
(3. 459)
78. 060
(86. 171)
212. 966
Add (subtract) the effects at the appropriate time:
Acquisitio n-related expenses and relative transaction conditions
Revaluation of relative fees
Revaluation of derivatives
Ineffectiveness of hedging currency flows
Purchase-related expenses and relative transaction terms
Investment and loss to affiliated companies
Promotion-based compensation
(Gains and losses from investments and associated companies)
Impairment (reversal) of intangible assets and assets held for sale
Other expenses (income)
Effect on tax benefits above
Adjusted benefits
119. 500
119. 595
389. 285
346. 990
Adjusted profit attributable to shareholders of the Company
Profit attributable to shareholders
Weighted average number of diluted promotions
Adjusted diluted net income per promotion attributable to Stars Group shareholders
The following table includes comments regarding the inclusion of "other expenses" in the above reconciliation:
Three months ended September 30
The third quarter ended on September 30
9 months ending on September 30th
2018
2017
2018
2017
Unit: 1, 000 dollars
$000,-
$000,-
$000,-
$000,-
Expert fees for VHI and other investigations
Lobbying fees (U. S. and non-U. S.) and other legal fees
One-off expert fees
Loss on sale of assets
Gambling tax in Austria
Termination of cooperation agreements
Other expenses
19. 600
7. 151
46. 332
23. 292
The following table presents pro forma adjusted EBITDA that is considered to be closer to IFRS and reconciliation of operating income (loss):
Pro forma for the three months ended September 30, 2018.
In millions of U. S. dollars
Unit: $ 1 million
international
International segment
England
Consolidated
Consolidation
Consolidation
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Total reconciliation notes
10. 3
10. 323
10. 3
4. 8
10. 3
Adjusted EBITDA
182, 2
182. 228
37, 5
(4, 8)
(7, 2)
207, 7
After adjustment EBITDA Margin 1
Unit: $ 1 million
international
International segment
England
Consolidated
Consolidation
Consolidation
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
10. 3
10. 323
7. 2
1. 5
Adjusted EBITDA
162, 9
182. 228
54. 7
(2. 9)
(7. 1)
207. 6
After adjustment indicator EBITDA margin 1
Unit: $ 1 million
international
International segment
England
Consolidated
Consolidation
Consolidation
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
Total reconciliation notes
10. 3
12. 9
10. 323
23. 3
136, 2
241, 7
Adjusted EBITDA
533, 0
182. 228
161. 4
13. 5
(27. 3)
680. 6
After adjustment indicator EBITDA 1 margin
Unit: Million US USA USA
international
International segment
England
Consolidated
Consolidation
Consolidation
Wear and retaliation
Modify the impact of the right:
Acquisitio n-related expenses and relative transaction conditions
10. 3
10. 323
2. 6
20. 9
19. 9
Adjusted EBITDA
478. 3
182. 228
161. 0
3. 5
(25. 0)
617. 8
After adjustment EBITDA Margin 1
Three months ended September 30
Nine months ended September 30
The third quarter ended on September 30
9 months ending on September 30th
Unit: 1, 000 dollars
2018
2017
2018
2017
Replenishment of deferred development costs
Replenishment of lead funds
Replenishment of intangible assets
Repayment of maximum debt amount
Vacant exchange flows
The following table is a reconciliation of net debt:
US$ thousands
As of September 30, 2018
Unit: 1, 000 dollars
Less: Foreign exchange method and equivalents - operational
Unimpaired liabilities
5. 100. 754
For additional information on The Stars Group's non-IFRS statistics, please see below, as well as the third quarter 2018 Please refer to the MD& A (including "Management Discussion and Testing", "Limitations of Key Characteristics", "Other Segments" and "Non-IFRS Data and Characteristics"). Please refer to "Key Non-IFRS Data and Characteristics".
About The Stars Group
Starz Group is considered a leading favorite in the internet and mobile gaming and interactive remaining industry, entertaining millions of purchasers with the support of its own online products for real and games, gambling and betting given through mobile and desktop applications and online. Starz Group indirectly or simply invites these products among various properties and recognized gaming and related consumer companies and brands, particularly PokerStars, BetStars, Full Tilt, BetEasy, Sky Bet, Sky Vegas, Sky Vegas, Sky Casino, Sky Bingo, Sky Poker and OddsChecker. It also brands live poker tournaments and events, including Pokers-players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin in American Poker Tour, Asia Pacific Poker Tour, PokerStars Festival, PokerStars Megastack, PokerStars . Stars Group is considered one of the most licensed online gaming in the world, and its subsidiaries are licensed or licensed in 19 jurisdictions around the world, covering Europe, Australia and the Americas. Stars Group's vision is to freeze Igaming in the most beloved space in the world, guaranteeing a winning factor to its unique customers.
Heed the prophetic statement
This press release contains descriptions and information on future outlooks that complies with the Personal Securities Reform Law and the Applied Securities Law, and this will be a specific future sales intention and recovery strategy. It includes specific financial and sales expectations and surveillance, and specific other financial disclosure related to the absolute year 2019, but not limited to these. "WILL", "PROJECT", "PREDICT", "Potential", "AIM", "INTEND", "MIGHT", "WILLD", "SHOULD", "SHOULD", "Believe", " "," IMPLIED "," SUGGEST "," intent ",", similar reference to future periods, or denial of these sentences, or synonyms or similar terms and similar terms and similarities The expression and information of this is based on the current expectations of management, business opportunities and abilities, and monitoring, and technology. Many risks, uncertainty and assumptions, including expected behaviors and trends, comply with the Press Laws for Individuals and Society for Press in 1995. This includes descriptions and information on future outlooks, which include specific financial and sales expectations and monitoring, such as specific future sales intentions and recovery strategies, and the achievements of absolutely 2019 It includes specific other financial disclosure, but is not limited to these "WILL" MIGHT "," COULD "," WILL "," should "," BELIEVE "," AIM "," Iimplied "," Suggest "," Intent "," INTENT ",", similar to future periods The description and information of these sentences, or similar terms and similar expressions are based on past precedents Based on the market and financial status, business opportunities or abilities, future intentions and strategies, monitoring, technical development, expected behavior and trends, are affected by many risks, uncertainty and hypothesis. This press release contains descriptions and information on future outlooks that complies with the Personal Securities Reform Law and the Applied Securities Law, and this will be a specific future sales intention and recovery strategy. It includes specific financial and sales expectations and monitoring, and specific other financial disclosure related to the absolute year 2019, but not limited to these. "WILL", "PROJECT", "PREDICT", "Potential", "AIM", "INTEND", "MIGHT", "WILLD", "SHOULD", "SHOULD", "Believe", " "," IMPLIED "," SUGGEST "," intent ",", similar reference to future periods, or denial of these sentences, or synonyms or similar terms and similar terms and similarities Examination and information based on the current expectations of the management, business opportunities, and monitoring, and technology, except for past precedents. It is affected by many risks, uncertainty and assumptions, including development, expected behavior and trends.
the likely composition of the regulatory infrastructure of gambling, legal and regulatory requirements, the legal ability to obtain, maintain and comply with all necessary licenses, permits and certificates applicable to the offering, operation and marketing of its products, and covering problems or delays in doing so; the impact of significant barriers to entry, competitive and competitive environments in targeted markets and sectors, the inability to complete or declare any future acquisitions, including but not limited to Sky Gaming & Gambling, and the inability to safely integrate the business; amp; gambling and bebdeasy; Star Group's significant tail is that it essentially requires the use of a significant portion of its currency flows to materialize debt service payments; Star Group's abundant credit portion includes carpets and other restrictions that have every possibility of limiting the resilience of its business; the risks associated with technological developments covering false intelligence, the legal ability to develop and enhance fresh commercially viable products, the legal ability to mitigate cash risks, and the ability to mitigate tax risks and negative tax consequences.
Including personal information and financial information), normally, normally, or online games, or online games that are not limited to this, but are not limited to this, that are not limited to this. Ability to complete the ability to obtain additional loans in normative acts and laws, rational situations, or general situations, which can affect the star group in the jurisdiction areas that can be done, or are planned to do business. , Changes in customers and operators, changes in the economy, dependence on customer approval of proposed products, integration and results in the game industry, entering existing markets, entering new markets, and suppliers and sellers Relationships, natural phenomena, Sky Betting & Amplifiers, Gaming or Stars Group and Sky PLC and/ or their subsidiaries, counterparty risks, Stars Group management systems and resources are restricted from their products. What cannot be done; dependence on the schedule and live broadcasting of major sporting events, macro economic conditions and trends in the gambling and betting industries, the acquisition of the Stars Group, and the ability to implement predicted financial growth related to business strategies , And all or some be < SPAN> personal information and financial information), normally acts and laws that may be adopted on the Internet and e-commerce, or especially online games Continuous acts and laws that can affect the star group in the jurisdiction area that can provide online proposals that are not limited to this, or are planned to do business, or rational situations, rational situations, and general situations that can affect the star group The ability to obtain additional loans or refinancing, the taste and economic changes in customers and operators, dependence on customer approval of the proposed products, integration in the game industry, litigation expenses and results; expanding into existing markets and Entrance to new markets, relationships with suppliers and sellers, natural phenomena, Sky Betting & amplifiers, gaming or Stars Group and Sky PLC and/ or their subsidiaries, counter parties risks, and Stars group Management systems and resources cannot limit access to their products; depending on the schedule and live broadcasting of major sporting events, macro economic conditions and trends in the gambling and betting industries, bookmaker risks, acquisitions and business strategies to the acquisition and business strategy The ability to implement relevant forecasted financial growth, and normally and laws, or laws, or laws that may be adopted on the Internet and e-commerce. In particular, normally acts and laws that can affect the star group in the jurisdiction of businesses that can provide online proposals that are related to online games or include payment processing but are not limited to this. Ability to obtain additional loans in rational situations or general situations, the ability to complete refinancing, customer and operators, changes in the economy, dependence on customer approval of proposed products, integration in the game industry, and lawsuit costs And results; entry to existing markets and enter new markets, relationships with suppliers and sellers, natural phenomena, Sky Betting & amplifiers, gaming or Stars Group and Sky PLC and/ or contracts with subsidiaries , Counter Party Risk, Stars Group's management systems and resources cannot limit access to their products; dependence on the schedule and live broadcasting of major sporting events, macroeconomic conditions and trends, bookmaker risks in the gambling and betting industry , The ability to implement forecasted financial growth associated with the acquisition of the Stars Group and the business strategy, and all or some beings
And other documents that the Stars Group may submit or submit to relevant securities authorities in the future must be handled carefully. Traders should be careful not to excessively trust the descriptions and information on the future outlook. All descriptions or information about the future outlook included in this press release are clearly limited by this precautionary statement. The description or information about all future outlooks is related to the actual date, and the Stars Group has an obligation to fix or update the descriptions of future outlook regardless of new information, future events, or other results. I will not.
No n-IFRS features
In this press release, EBITDA after adjustment, eBitDa margin after adjustment, net income after adjustment, after adjustment after adjustment, net profit per year of promotion, vacancy currency flow, pure debt, QNY counter, and the amount of no n-IFRS, which includes QNY counters. Cover. The Stars Group's financial feature is that the traders provide the necessary backing information on the financial results of the business, and it is highly likely that some notes will change unrelated to business results. We believe that it will enable financial results and provide important transparency for the main features used by management to carry out businesses. However, this instruction believes that these monetary features are related to the Stars Group's business evaluation. These do not intend to consider the economic information created and displayed in accordance with IFRS as an alternative or superiority. These indicators are not considered an indicator generally under IFRS, and have no normal value specified by IFRS. These characteristics may differ from the monetary characteristics other than the IFRS used by other companies, and the usefulness for comparative purposes is limited. However, some of these specifications are displayed for annual comparison. < SPAN> and other documents that the Stars Group have submitted or submitted to relevant securities authorities must be handled carefully. Traders should be careful not to excessively trust the descriptions and information on the future outlook. All descriptions or information about the future outlook included in this press release are clearly limited by this precautionary statement. The description or information about all future outlooks is related to the actual date, and the Stars Group has an obligation to fix or update the descriptions of future outlook regardless of new information, future events, or other results. I will not.
No n-IFRS features
In this press release, EBITDA after adjustment, eBitDa margin after adjustment, net income after adjustment, after adjustment after adjustment, net profit per year of promotion, vacancy currency flow, pure debt, QNY counter, and the amount of no n-IFRS, which includes QNY counters. Cover. The Stars Group's financial feature is that the trader provides the necessary backing information on the financial results of the business, and it is highly likely that some notes will change unrelated to business results. We believe that it will enable financial results and provide important transparency for the main features used by management to carry out businesses. However, this instruction believes that these monetary features are related to the Stars Group's business evaluation. These do not intend to consider the economic information created and displayed in accordance with IFRS as an alternative or superiority. These indicators are not considered an indicator generally under IFRS, and have no normal value specified by IFRS. These characteristics may differ from the monetary characteristics other than the IFRS used by other companies, and the usefulness for comparative purposes is limited. However, some of these specifications are displayed for annual comparison. And other documents that the Stars Group may submit or submit to relevant securities authorities in the future must be handled carefully. Traders should be careful not to excessively trust the descriptions and information on the future outlook. All descriptions or information about the future outlook included in this press release are clearly limited by this precautionary statement. The description or information about all future outlooks is related to the actual date, and the Stars Group has an obligation to fix or update the descriptions of future outlook regardless of new information, future events, or other results. I will not.
No n-IFRS features
In this press release, EBITDA after adjustment, after adjustment, eBitDa margin, net income after adjustment, after adjustment after adjustment, net profit per year of promotion, vacancy currency flow, pure debt, and QNY counter, which includes no n-IFRS. Cover. The Stars Group's financial feature is that the trader provides the necessary backing information on the financial results of the business, and it is highly likely that some notes will change unrelated to business results. We believe that it will enable financial results and provide important transparency for the main features used by management to carry out businesses. However, this instruction believes that these monetary features are related to the Stars Group's business evaluation. These do not intend to consider the economic information created and displayed in accordance with IFRS as an alternative or superiority. These indicators are not considered an indicator generally under IFRS, and have no normal value specified by IFRS. These characteristics may differ from the monetary characteristics other than the IFRS used by other companies, and the usefulness for comparative purposes is limited. However, some of these specifications are displayed for annual comparison.
After adjustment, EBITDA is cash expenses, tax costs, depreciation expenses, depreciation expenses, sales promotion compensation, business reconstruction, net income (loss) from affiliated companies, and before deducting other items specified in the adjustment table. It means net income of. See the section on "Adjusting the most closest to IFRS and the indicators other than IFRS."
After adjustment, eBitDa margin means ebitDa after adjustment related to joint collection.
After adjustment, net income is deducted from interest paid, amortization of intangible assets due to diversification of the acquisition of later acquisition, rewards based on promotion, restructuring, net income (loss) for affiliated companies, and some other disclosure. It means the previous net income. In addition, for the third quarter of 2018 MD & amp; amp; A2018 in the third quarter, (i) relative royalty was r e-measured, this was adjusted because it was previously included in the amount of interest generated, but 2018. From the third quarter of the year's economic report, the r e-display of (II) incorporated derivatives and the no n-effectiveness of foreign currency flow hedges are all in the third quarter of economic reports in 2018. Adjustment and calculation of (III), (III), (III), (III), are adjusted. As stipulated in the coordination table of the abov e-mentioned "Adjustment of IFRS indicators to the no n-IFRS index" section, each net income adjustment is due to the impact of taxes in the relevant laws related to the adjustment (if any). Adjusted on the other hand.
After adjustment, a net income per promotion after sparseness means that the net income after adjustment after adjustment to the Stars Group Ink shareholder has been disassembled into a promotion after diluting. The promotion of the thinner is the average weight of the normal promotion based on options, rewards based on other promotions, warrants, and the promotion of the Stars Group. The calculation of promotion after thinning does not take into account the impact of normal promotion that may be diluted. Promotion of net income per year after thinning is used in the calculation of net income, and if the effect of the highly possible periodic promotion is different, it is used to calculate the net income per year after adjusting after adjustment. It is likely to be distinguished from promotion after thinning. See Note 9 in the 3rd quarter of the third quarter of 2018. In 3 and 9 months, which ended on September 30, 2018, the diluted promotion used in the calculation of net income after adjusting per promotion per case is, in accordance with this, the comparative period of 2017. It was 269. 526. 633 and 232. 640. 294 for 204. 800. 009 and 202. 796. 952.
Free currency flows are defined as currency jets frequently arising from operating activities, as set out in the reconciliation table in the section "Management of characteristics not related to IFRS and highest IFRS indicators", plus the negative of commitments on customer deposits, plus serious expenses and currency jets for debt repayment (excluding voluntary prepayments). The company believes that the absolute idea of free currency-jet is clearer by excluding the fluctuation of pledges on customer deposits, since customer deposits are not considered free methods in which the company has the ability to demand for monetary or business purposes.
Unfulfilled obligations represent a collective long tail behind the negative of the operating currency funds.
To demonstrate the impact of the exchange of monetary units related to recounting and purchasing opportunities, the company has concluded reliefs for the three and nine months ended September 30, 2018 of the international section and plans to store them based on unchanged monetary units, due to the introduction of district exchange sources in the monthly exchange rate, in the previous year, which, in the opinion of Stars Group, is considered an appropriate indicator to facilitate comparison with historical indicators, which is notable from the US dollar.
For additional information on Stars Group that is not related to IFRS, please refer to the MD& A for Q3 2018 in what amounts in the segments "Leadership Discussion and Testing", "Limits of Key Characteristics, Other Data and Characteristics Not Related to IFRS" and "Key Characteristics and Non-IFRS Characteristics".
Key Characteristics and Other Data
Stars Group has provided the appropriate key characteristics in the press release:
QAUS means, for the overseas and Australian reporting portion, an intense original buyer (online, mobile and table customer) who (i) deposits or transfers funds into the personal account of Stars Group at any time and (ii) takes a rack with real money from the Internet in the direction of the corresponding quarterly period or creates a bet or wager with current money from the Internet. Starz Group defines an "active original client" as a buyer who has played with real money bets or used Starz Group's services, including when this client is active in different instructions (poker, gambling, and/or betting, as the case may be) in the corresponding reporting section, one in the direction of the period, eliminating overlaps. The QAU definition excludes the energy of customers in some low-rate and cancer-free poker games, but the introduction of funds (money and its equivalent) and the connection of the energy of buyers in this irge with real funds, and the framework of the shares of these buyers in previously complemented accounts builds its unlimited price.
QAU in the UK report section (including business activities of Sky Betting & Amp; amp; Gaming in real time) is intensive original, a bed or bed on a bookmaker or gaming product in the corresponding period. It means buyer (online and mobile). The Stars Group defines the uniqueness of the British report section as a buyer who played at least one service during the relevant period, and eliminates duplicate even if this customer is active in different business instructions. 。 For the thre e-month purpose ending on September 30, 2018, the QAU in the British report section still includes the relevant phase.
QNY is the Stars Group's business activities (that is, poker, gaming, etc., except for other income reported in the relevant quarter (or adjusted to reflect the accounting r e-classification in the subsequent period). It means that the total of the revenue from// betting, if applicable) is excluded by the total number of QAU in the phase. The definition of QNY in the British report section includes the recovery in the above definitions for the absolute economic quarter that covers the stage before the acquisition. QNY is not considered an IFRS indicator. The Stars Group has not performed the adjustment of the molecules of the QNY indicator (for example, how the components of the rescue before the QNY indicators are displayed) in the provided press release.
Frequent deposits means the total amount of the amount of money or remittance from such a customer from the total amount or remittance amount to the online account by a real money customer. The total deposit amount is (i) as part of the STARS Group service for real money and public games as a part of the STARS Group service, and (II) all kinds of real money methods (II). Cash and cash, etc. are not included. (III) As part of the marketing promotion, Stars Group has contributed to a previously replenished customer account to increase the permanent price.
The third quarter ended on September 30
9 months ending on September 30th
International