Allwyn SPAC
Already realized initiatives and tangible upsides support 2022E Adj. EBITDA forecasts
Group pro rata Adj. EBITDA (€mm)
€419
2019A Adj. EBITDA
€31
+7%
growth
✓ Bolt-on acquisition
completed in
Greece
Completed bolt-on
acquisition
28 Source: Company information, Management estimates (subject to material change)
€111
+27%
growth
✓ Subsidiary
ownership
increases already
achieved
Achieved ownership
increases
€24
+6%
grow
✓ Subsidiary
ownership
increases in
management plan
Additional planned
ownership increases
€63
+15%
growth
Capture market
share
✓ Increase online
penetration
Organic NGR growth
€62
+15%
growth
✓ Operational
improvements
✓ Growing share of
online
✓ New concession
in Greece
Margin expansion
€710
2022E Adj. EBITDA
4
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