NASDAQ SC: UBET

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NASDAQ (SC) UBET
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Who Are We?

• Industry leader in Advance Deposit Wagering (ADW)
• We provide customers the ability to wager, watch
  and access handicapping information on horse
  racing events worldwide
• Youbet.com is the largest Internet provider of
  thoroughbred, quarter horse and harness racing
  content in the United States
• Proven and scalable technology
• Positive cash flow and earnings
• Significant international growth opportunities
• Experienced, results-driven management team

To be the premier technology and service
provider for interactive wagering worldwide
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Points of Differentiation

• Channel Play
• ADW growing at 17-23 CAGR
• Youbet Revenue Model
• 6 -7 yield
• 90 of costs are fixed
• Largest ADW
• 39 market share
• Competitive Advantage
• Proven and scalable technology
• Operating at 25 capacity
• Largest broadcaster of live A/V (900 Gb/day)
• Growth Opportunities
• Domestic
• International
• New Product Development

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Historic Financial Performance
Handle (, millions)
19.8
18.8
28.4
27.6
61.0
71.8
50.0
27.1
39.6
46.3
73.3
72.5
69.8
5.4
5.1
4.7
4.8
3.8
3.1
2.7
2.4
3
1.8
1.7
1.7
2
1.1
1.4
0.7
1.1
0.6
0.4
0.5
1
Millions ()
0
0.1
-1
-0.7
Millions
-1.0
-2
-1.4
-2.0
-3
-2.7
-3.0
-3.0
-3.3
-3.2
-4
-3.7
-3.4
-3.4
-3.9
-4.1
-4.1
-4.1
-4.4
-4.3
-5
-4.7
-5.5
Q1
Q2
Q3
Q4
Q1
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2003
2001
2004
2002
New management team began First time
Youbet.com ever achieved a quarterly net income
of 15,111
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UBET Stock Performance (2 year)
6
Stock Performance (2 year)