NeoGames S.A.

Ladies and gentlemen, thank you for standing by. Welcome to the NeoGames third quarter 2022 earnings conference call. All participants are in a listen-only mode. A question and answer session will follow the formal presentation. Should you need assistance, Please signal a conference specialist by pressing star then zero on your telephone keypad. Please note that this conference is being recorded today, November 10, 2022. I would now like to turn the call over to Jacques Cornet with ICR.

Thank you, Operator, and hello, everyone. By now, you should have access to our third quarter 2022 earnings release, which is available on the neogames website at www.neogames.com in the investor relations section. Before we begin our formal remarks, we need to remind everyone that the discussion today will include forward-looking statements. These forward-looking statements, which are usually identified by use of words such as will, expect, anticipate, should, or other similar phrases, are not guarantees of future performance. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. And therefore, you should use caution when interpreting and relying on them. We refer all of you to our recent SEC filings for more detailed discussion of the risks that could impact our future operating results and financial condition. We encourage investors to review our regulatory filings, including the form 6K for the quarter ended September 30th, 2022, when it is filed with the SEC. During today's call, we will discuss non-IFRS measures, which we believe can be useful in evaluating the company's financial performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with IFRS. The reconciliation of these measures to the most directly comparable IFRS measures is available in our earnings release on the neogames.com website. Hosting the call today, we have Moti Malul, Neogames Chief Executive Officer, and Raviv Adler, Chief Financial Officer of the company. They will provide some opening remarks, and then we will open the call to questions. With that, I'll turn the call over to Moti.

Thank you Jacques and good morning everyone. Last night we released our third quarter results which is our first full quarter combined with Aspire Global since the acquisition. I will begin by highlighting some key points about the quarter and then provide an update on our current initiatives and the trends we are seeing in the market. Raviv will then run through our financial results. During the third quarter we reached a number of significant milestones across our business lines, further increasing our conviction in the benefits of our integrated end-to-end iLottery, iGaming, and sports betting solutions as to offer to the global gaming market. We saw new markets move towards implementing an iLottery solution, signed iGaming and sport betting deals both in the U.S. and internationally, and continued the integration of the Aspire Global business. we are also proud to report record revenue results for the quarter, both on the consolidated basis, as well as for our core iLottery business. While we are far from done working to fully accomplish our goals, we see this quarter as a strong step in the right direction. First, a few financial highlights, which Raviv will expand upon later. On a consolidated basis, the total of revenues plus share of NPI revenues grew to $73.3 million, which includes a full quarter of Aspire Global. Looking at the pieces, our iLottery business posted the highest top-line quarterly results ever in our history. iLottery revenues and share of NPI revenues together were $24.7 million, up 22% compared to last year and up 8% compared to the June quarter. iGaming revenues were also up nearly 8% on a constant currency basis with particular strengths coming from the games and sports segments of the business. Taking a closer look at the iLottery segment of our business, we saw strong performance across our current accounts and positive developments on multiple legislative fronts. Driven by the July jackpot run, all of our major US customers experienced both year-over-year and quarter-over-quarter growth. While this is very encouraging in its own right, it becomes even more impressive when drilling down to the account level. Michigan volumes continued their sequential growth, which began in Q4 of last year, demonstrating the parallel growth potential of iLottery alongside iGaming as we anticipated would happen based on what we have seen in other markets in the US and globally. We believe that these results and those from the past few quarters support our thesis that iLottery and iGaming can and do grow in the same market. The Virginia lottery continues to outperform impressively with another strong quarter. It made us so proud to see them win the Global EGR Operator Award for 2022 as the Lottery Operator of the Year, a well-deserved win that we are honored to have such a strong partnership with doing our part by powering them with the best technology available and our market-leading suite of games for Neo Game Studio. New Hampshire and North Carolina also showed nice sequential growth, leveraging the July jackpot into the rest of the quarter. Considering the current state of the U.S. economy, we consider this a very positive sign as the macro outlook grows less and less clear. Turning to the state authorization front, we saw West Virginia come to market with a much anticipated RFP during the quarter following its RFI process. We view this as an interesting opportunity and look forward to demonstrating our competitive advantage to the state's lottery is they choose an iLottery solution that needs to grow and flourish in an already existing iGaming and online sport betting environment. Naturally, with the midterm elections having just taken place, Q3 did not see much progress on the legislative front in the U.S. However, we do believe that iLottery authorization will regain momentum in various states in 2023 following the elections, and in light of preparation of a macroeconomic environment that may suggest pressure on state budgets. On the gaming front, we made significant progress both in the U.S. and internationally, with particular strengths coming from our PariPlay content aggregation business. In the U.S., PariPlay was licensed in both Pennsylvania and Connecticut, The platform and games are now certified in five out of six regulated U.S. states, allowing us to bring content from both our wizard game studio and third parties to players across the country. We further bolstered Paraplay's position in the U.S. by signing additional content providers to the aggregator platform, with a few interesting ones signing exclusive deals with Paraplay to enter the U.S. market, demonstrating the strength of our offering. Finally, we expanded our relationship with BetMGM through the launch of content from Wizard Games on the BetMGM Casino platform in Michigan. This launch gives us three states, including New Jersey and West Virginia, in which our content is live with a market-leading BetMGM platform. Internationally, we signed a content distribution deal between PariPlay and ATG in Sweden to further enhance our content aggregation platform's market leading position in Europe. Under the terms of the agreement, Sweden's largest operator will gain access to wizard games and select third party content through ParryPlay while giving us access to ATG's customer base of over 1.3 million users as of the end of 2021. Additionally, We established a partnership between Aspire Global and ITSP in Germany to provide a complete turnkey technology and gaming solution to one of Germany's largest gaming operators and expanding on the existing sports agreement between the parties that will be ready to go live once licenses are granted to our partner. While regulators in the country have been slower than expected in reviewing and issuing licenses for local operators, This contract puts us in a great position to benefit from the shift when it does eventually takes place. At the same time, it is worth pointing out the top line trends in Aspire Core, which is focused on providing turnkey iGaming solutions, including PAM, managed services, and all approved gaming verticals in regulated markets. In addition to the currency impact, which Raviv will touch upon further in his part, we are experiencing a more conservative pace of market opening and granting of licenses to applicant operators in certain regulated markets in Europe, such as Germany and Holland, which had a modest impact on our Q3 results. In B2Bet, our sports betting business, we saw strong growth across our accounts leading to quarter over quarter growth of over 25% and year-over-year growth of over 100% for the business line. We maintain this momentum by extending an agreement with our largest customer for an additional five years, demonstrating the strong partnership and successful cooperation between us. This customer is live in over 20 markets in Africa, and this extended partnership continues our dominant position in the region. Along with these developments in iLottery, iGaming, and sports betting, we also continue the integration of the NeoGames and Aspire platforms. ParryPlay has been integrated with the NeoGames platform in Alberta, launching strong titles from Wizard Game Studio that have captured significant share of wallet in that account, and we have also started to roll out content from third parties with plans to roll out many more in the future. In that regard, we have also integrated NeoGames Studio iLottery content into ParryPlay with plans to roll out that content into certain customers of ParryPlay in the quarters to come while also introducing its Fusion Aggregation platform to our lottery customers. In anticipation of our launch in Brazil in the first half of 2023, The B2BET sports betting platform has been integrated with the Neo Games iLottery solution. This collaboration of business units was key in our ability to win the Brazil opportunity, and we expect it to be equally important in similar opportunities going forward. Finally, before turning the call over to Raviv to walk through our financials in detail, I want to provide an update on the impact of the overall economy on our business which is a natural area of interest to our investor base in this time. Historically, as we've highlighted on previous calls, the lottery industry has been fairly resilient to macroeconomic changes. We are seeing this trend currently continue, as we have yet to see any degradation in player value or play behaviors across both iLottery and iGaming, despite the uncertain economic landscape. However, this is a trend we will continue to monitor going forward as the economic uncertainty continues. With that, I'll now turn the call over to Raviv.