Flutter Results Presentation Deck

Cash flow Pro forma £m Adjusted EBITDA Capex Working capital Corporation tax Lease liabilities paid Adjusted free cash flow Cash flow from separately disclosed items Free cash flow Interest cost Other borrowing costs Settlement of swaps Amounts paid in respect of Kentucky settlement Purchase of shares by the Employee Benefit Trust Acquisitions and disposal Other Proceeds from equity raises Acquisition of further interest in FanDuel Cash transferred in acquisitions/ disposals Net (decrease)/increase in cash Net debt at start of year¹ Foreign currency exchange translation Change in fair value of hedging derivatives Net debt at 31 December Flutter FY 2021 1,001 (308) 119 (138) (48) 625 (61) 563 (140) (57) (68) (234) (181) 73 (13) (53) (2,814) (5) 225 (2,647) FY 2020 1,231 (252) 310 (93) (46) 1,151 (120) 1,031 (177) (24) (36) 22 1,921 (1,546) 1,192 (3,827) (20) (159) (2,814) Adjusted free cash flow pre-tax of £763m compares to Adjusted operating profit of £746m, converting at 102% Adjusted free cash flow lower due to: Lower Adjusted EBITDA Working capital increase in 2020 from enlarged scale of Group Increased Capex to fund expansion into more US states and online product development Corporation tax payments higher due to profit mix Interest £37m lower following debt repayment and reduced financing costs - Kentucky settlement of £234m to cover historic case relating to TSG subsidiaries £181m share purchase for FanDuel incentive schemes Inflow from Oddschecker (£135m) disposal partly offset by acquisitions of Junglee (£55m) and Singular (£14m) ¹ Net debt defined as principal amount of borrowings plus associated accrued interest, minus cash & cash equivalents plus/minus carrying value of debt related derivatives. 17

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