Good morning, everyone and thank you for joining us today to discuss Super Group’s Results for the Third Quarter of 2023. During this call, Super Group may make comments of a forward-looking nature that are subject to risks, uncertainties and other factors discussed further in its SEC filings that could cause its actual results to differ materially from historical results or from the company’s forecast. Super Group assumes no responsibility to update forward-looking statements other than as required by law. On today’s call, Super Group may refer to certain no-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. Super Group has provided a reconciliation of the non-GAAP financial measures to the most comparable GAAP figures in the press release issued earlier today and available on the Investor Relations page of Super Group’s website. In addition, Super Group will speak to its financial results and metrics for third quarter 2023 in two parts highlighting Super Group’s profitable and cash generative global business separately from its investment into the U.S. This aligns with the annual guidance that Super Group has provided for 2023 and is consistent with both how Super Group views its business internally and how Super Group will report going forward. Super Group recommends that investors refer to supplementary presentation posted to the website. On this call, I am joined by Neal Menashe, Chief Executive Officer and Alinda Van Wyk, Chief Financial Officer. During the question-and-answer session, we will also be joined by Richard Hasson, President and Chief Operating officer. And now, I’d like to turn the floor over to Neal.

Thank you. Good morning, everyone and welcome to Super Group’s quarter three 2023 earnings call. We are delighted to follow-up a terrific first half of the year, with yet another quarter of solid results. Ex the U.S., total revenue was €349 million, an all-time record for a third quarter. Our customer numbers continued to show tremendous growth. So much so we set some other records this quarter. Before it started, we reached an average of about 4 million unique active monthly customers. And during the month of September, we saw new daily high of 1.7 million customers using our platform. In September, we also set new records for highest depositing day and highest depositing month. These records demonstrate our success in attracting and retaining high-quality customers with sustainable deposit values over the long-term and that’s important in achieving consistent top line growth moving forward. For the quarter, our operational EBITDA ex-U.S. was €64 million, resulting in an EBITDA margin of 18%. The combination of increased scale and the realization of cost efficiencies in the right areas is having a positive impact and we continue to press towards our goal of a long-term margin of over 20%. Alinda will drive into financials in further detail. But first I want to provide an update on some other achievements and changes. A key contributor to customer growth is our portfolio of sports partnerships, which continues to attract fresh arbors to the Betway brand. We have just become the global betting partner for one of the leading English Premier League teams, Arsenal. Arsenal has a massive worldwide following and we are incredibly proud to partner with them and look forward to bringing the best content and experiences to fans all over the world. Super Group has a global footprint and this diversity provides a…

Thank you, Neal. Before we begin, I would like to mention a small change we made to the way that we will be reporting during these quarterly updates. Due to the global nature of our business, we interact with many different currencies around the world. Therefore, moving forward, we think it will be helpful to reference revenue growth on both a reported basis and in constant currency. Overall, I’m pleased with the progress and the results that we have delivered this quarter. Our ability to deliver growth despite numerous challenges demonstrates the resilience of our business model. For the three delivered total revenue of €349 million, up 13% year-on-year and 27% in constant currency. We believe much of this growth is due to our exceptional team acquiring and retaining high quality customers in all markets. Customer numbers increased 45% year-on-year for the sports book and 37% for casino. Of course, there are other factors which impacted the growth of these segments. So let’s have a closer look. As Neal mentioned, sports book revenue remained under pressure this year due to an unprecedented sports margin. To better illustrate this impact, we are splitting out our peer sports revenue from fixed ops contingency revenue, which is essentially, casino style guidance accepted under sport licenses in certain jurisdictions. We will continue using this disclosure moving forward. Overall, the sports betting results declined for the quarter to €65 million, a decrease of 28% year-on-year or 19% in constant currency. This decline in sports revenue was due to customer friendly results mainly on football as well as regulatory headwinds in buzz India and Germany. Moving on to casino, which now includes as mentioned revenue from fixed ops contingencies, total casino revenue increased to €274 million, growth of 29% year-on-year or 46% in constant currency. Growth…

Thanks Alinda. Super Group set yet another new record this quarter for customer numbers. We reached the significant milestone of an average of about 4 million unique active customers per month. More impressively, we have now set a record for this metric in each of the last four consecutive quarters. Our deposit values also reached new highs, demonstrating the quality of customers that we are acquiring and retaining. This is a key component in achieving future growth. In addition to this, we have a global footprint, which we will always look to optimize for the highest returns on investment. Market specific headwinds exist in every global business, but we have an experienced team that’s able to navigate these challenges and drive the business forward. Finally, we are reaffirming the guidance targets for the year that we provided in our last earnings call. Our revenue is robust. Our customers are loyal and we have more of them than ever before. We have a healthy pathway for growth and with a normalized sports margin, our growth should be really strong. Overall, we are winning. I will now turn the call over to the operator to open the call up for questions. Operator?

[Operator Instructions] Our first question today comes from Jed Kelly from Oppenheimer. Please go ahead with your question.

Hey, great. Thanks for taking my question. Just a couple, can you just talk about how the October holds are trending. And I guess the guidance does imply a decent deceleration versus 4Q, I think you are – I mean on revenue comp, it looks like it’s a point easier. So, can you just talk and I know you are topping last year’s World Cup. So, can you just talk about the guide and then I have a follow-up.

Hi, it’s Neal here. Yes, obviously October in the last two weeks had unprecedented negative margin. But as you know, that’s because a lot of the favorites were winning and so we have taken that into reaffirming our guidance. And going forward, our metrics are growing, deposit values, customer numbers all at record levels and our casino is over 80% of our business, so – and we are comfortable with our targets.

Got it. And then can you just talk about the progress of the tech migration? And then just circling back to the U.S., you kind of measured how you are going to closely look at ROI when you sort of decide how to go after the U.S. market. Does – just the whole complexity of the U.S. media market, the advertising, the amount of brands you see, does that make it different than going into other countries where you had maybe a later start, but we are successful. So, can you just talk about that where we are with the U.S.? Thanks.

Hi there, Richard speaking. So, just to follow-up on what Neal said, of the nine states, four states of those already operating on the Betway Global technology and the other five states are still to be migrated, we are expecting that to be completed in quarter one of next year. That’s in terms of the technology. In terms of the U.S. more generally, as Neal said, we are going to look at it very much on a returns driven basis once we have completed the migration and proceeding with the more targeted marketing campaigns. And yes, it is competitive. The number of brands as you say, but we do have the track record of being successful in other markets around the world and we will continue to evaluate the returns on a state-by-state basis as we proceed with the marketing. I think to make clear, we have a multiyear plan, but there is not necessarily multiyear commitments and we will make decisions as we see and evaluate the returns in each of these states.

Thank you.

[Operator Instructions] Ladies and gentlemen, at this time I am showing no additional questions. I would like to turn the floor over for closing remarks.

Thank you everyone for joining us today. And all of our information has all been published on our website and we will see you again at the end of quarter four. Thank you.

And ladies and gentlemen, with that we will conclude today’s question-and-answer session as well as today’s presentation. We thank you for joining. You may now disconnect your lines.