Allwyn Investor Update
Allwyn has a highly attractive and resilient credit profile
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Focus on attractive lottery market
Leading multi-national operator
High barriers to entry
Multiple organic and inorganic growth
levers
Strong financial profile and cash
conversion
Strong regulatory relationships and
responsible gaming credentials
Best-in-class management team
1) Defined as (Adjusted EBITDA less Capex) / Adjusted EBITDA
Focus on the attractive lottery segment, characterised by resilient growing demand, favourable
regulatory regimes and ESG profile
Largest European lottery operator with significant scale, diversification and expertise across
geographies, products and channels
Barriers to entry cemented by strong owned brands, exclusive long-term licences and well-
established regulatory relationships
Product innovation, growing online customer base, cross-sell potential to other gaming verticals,
licence tenders and M&A opportunities offer multiple levers for growth
Compounding, resilient revenue growth combined with advantageous cost structure, high margins
and highly cash generative business model with 94% cash conversionĀ¹
Preferred partner for governments underpinned by strong commitment to ESG as demonstrated by
highest certifications for responsible play
Best-in-class management team that has been responsible for the creation of today's business
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