eBet Limited Half Yearly Report 31st December 2004

Half Yearly Report31st December 2004

eBet Limited Half Yearly Report 31st December 2004

Business ReviewConsolidated loss after tax $681KGroup Revenue of $7.7 millionKey Contributor US Link Start Up Costs $867KGaming Systems profit of $167KOnline business $19KOperating costs reduced by $800K (20%)

eBet Limited Half Yearly Report 31st December 2004

Revenue31 December

2004$,000

31 December 2003

$,000

Gaming Systems – Sales 5,207 5,526

Gaming Systems – Service, Support & License Fees 2,063 1,398

Professional Services 197 147

Other 47 135

Total Gaming Systems Revenue 7,514 7,206

Sports Acumen 0 338

Online Services 172 757

Sale of Source Code 0 400

Total Online Revenue 172 1,495

Maxi Gaming 0 0

Total Revenue 7,686 8,701

eBet Limited Half Yearly Report 31st December 2004

Balance Sheet31 December

2004$,000

31 December 2003

$,000

Current Assets 7,524 3,930

Non Current Assets 14,452 16,393

Total Assets 21,976 20,323

Current Liabilities 3,328 7,894

Non Current Liabilities 5,189 3,635

Total Liabilities 8,517 11,529

Net Assets / Equity 13,459 8,794

eBet Limited Half Yearly Report 31st December 2004

Cashflow31 December

2004$,000

31 December 2003

$,000

Cashflow from operating activities (1,332) 758

Cashflow from investing activities (377) (711)

Cashflow from financing activities 1,408 (573)

Net Increase/(decrease) in cash (301) (526)

Cash at the beginning of the period 2,051 1,340

Cash at the end of the period 1,750 814

eBet Limited Half Yearly Report 31st December 2004

Gaming Systems Division

Market still difficult- confidence buildingGaming systems & equipment Revenue $5.207 millionDomestic Sales = 84%International Sales = 16%Cost of Goods reduced by 5%

eBet Limited Half Yearly Report 31st December 2004

Gaming Service, Support & Licenses

To date our leader in Recurring Revenue Model

Strong Growth

Revenues increased by 42% to $2.1 million

eBet Limited Half Yearly Report 31st December 2004

Professional Services

Specialised Development Work

Sales of Non Core Products- Risk and Compliance Mgr

Contributing new revenue of $197K

eBet Limited Half Yearly Report 31st December 2004

Maxi Gaming (US Links)

System Preparation, Implementation and Start Up Costs of $867K (expensed)

Sophisticated Wide Area Network

“Go Live” across a Total 76 machines at Pechanga & Soboba

eBet Limited Half Yearly Report 31st December 2004

Maxi Gaming (US Links)

Early figures indicate significant increase in machine play

Commence expansion operation over the coming weeks

eBet Limited Half Yearly Report 31st December 2004

Network Operations Centres

Wide Area Progressive

eBet Limited Half Yearly Report 31st December 2004

# As at 7.00am 21/02/05

eBet Limited Half Yearly Report 31st December 2004

Jackpot Hits

10 Minor Jackpot Hits = $9,416.65132 Mini Jackpot Hits = $11,767.92

142 Total Jackpot Hits = $21,184.57

eBet Limited Half Yearly Report 31st December 2004

Significant Developments

Player Account Limits Increased from $200 to $1,000

EPS re-branded and re-launched as Freedom

Netcash suite of products, scaled to suit venue needs and expectations

eBet Limited Half Yearly Report 31st December 2004

Significant Developments

SAS Protocol compatibility for International Markets

Remote Firmware Download capabilities

Introduction of Risk & Compliance Manager System

eBet Limited Half Yearly Report 31st December 2004

Subsequent Events

Maxmillion$ Wide Area Link Progressive Jackpot System has commenced operations

Significant Company Milestone

Strengthens the Recurring Revenue Model

eBet Limited Half Yearly Report 31st December 2004

OutlookDomestic market remains challenging

Increase in product range

Continue our push into the International Markets

Expand Non- Core Products

Maxi Gaming early performance indications provide will meet EBITDA forecasts of $800K (first full year of operation)

eBet Limited Half Yearly Report 31st December 2004

Thank You

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