Flutter Results Presentation Deck
Australia
Pro forma £m
Average monthly players ('000s)
Sportsbook stakes
Sportsbook net revenue margin
Revenue
Cost of sales
Cost of sales as a % of net revenue
Gross profit
Sales & marketing costs
Contribution
Other operating costs
Adjusted EBITDA
Adjusted EBITDA margin
Depreciation and amortisation
Adjusted operating profit
Flutter
FY 2021
1,008
11,702
11.1%
1,294
(636)
49.2%
658
(119)
539
(102)
437
33.7%
(26)
411
FY 2020
794
9,713
11.1%
1,075
(520)
48.4%
555
(129)
426
(108)
318
29.6%
(30)
288
YOY
+27%
+20%
+20%
+22%
+80bps
+18%
-8%
+26%
-5%
+37%
+420bps
-16%
+43%
YOY CC
+20%
+20%
+22%
+80bps
+18%
-9%
+26%
-6%
+37%
+420bps
-17%
+42%
AMP growth +27% driving revenue
growth +20%, retaining migrated
customers
Net revenue margin remained in line
with prior year. In-year margin 60bps
ahead of expected margin from
favourable sports results
Merger related synergies benefitting
marketing and other operating costs
Top line growth and cost efficiencies
delivered 420bps in operating leverage
EBITDA +37% to £437m
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