Flutter Results Presentation Deck
Statutory Group P&L
£m Reported
Revenue
Gross profit
EBITDA
Depreciation & amortisation
Amortisation of acquisition intangibles
Disposal and impairment
Operating profit
Net interest expense
Profit before tax
Tax
Loss after tax
Non-controlling interest
(Loss)/profit attributable to equity holders
Flutter
FY 2021
6,036
3,727
723
(254)
(543)
12
(63)
(226)
(288)
(124)
(412)
(4)
(416)
FY 2020
4,414
2,872
772
(213)
(432)
(23)
104
(102)
1
(36)
(35)
73
38
YOY
+37%
+30%
-6%
+19%
+26%
-160%
+121%
+245%
12-month contribution from TSG in 2021
with ~8 months in 2020¹
Primary driver of YoY increases
P&L includes £909m loss from SDIS²
consisted of:
-
Non-cash items primarily amortisation of
acquired intangibles (£543m)
Cash items: Kentucky settlement,
restructuring and integration costs
Adjusted 2021 effective tax rate 26.8%
(Group ex-US: 18.5%)
Tax includes deferred tax charge of £104m due
to announced UK tax rate increase to 25%
¹ Acquisition completed on 5 May 2020.
2 Separately Disclosed Items: see slide 43 for further details.
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