Allwyn Results Presentation Deck
Q3 2023 highlights
A quarter of solid financial performance notwithstanding top line headwinds
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LO
5
Solid financial performance
- Total Revenue
- Increase driven by Camelot acquisitions
- Existing geographies broadly in line YoY, impacted by customer-
friendly sports results (as seen across the industry) and
unfavourable jackpot cycles
Adjusted EBITDA
Solid EBITDA generation despite top line headwinds
Adjusted EBITDA margin 41.7% ² (Q2'23:42.0%)
-
Successful execution of growth strategies
> Organic
- Continued progress in digital, supported by ongoing focus on product
development and the customer proposition
Rollout of important game innovations including launches in exciting
annuity category in Austria, Czech Republic, Greece and Cyprus
> Inorganic
Economic interest in Greece and Cyprus to increase marginally as
OPAP executes a €150m buyback programme (Allwyn does not plan
to tender shares)
Consolidated Total Revenue
€2,007m
+98% / -1%
vs Q3'22
€368m
Consolidated Adjusted EBITDA
vs Q3'22, excl. Camelot
UK and Allwyn LS
Group acquisitions¹
+16% / +1%
vs Q3'22
1)
In Q1 2023 Allwyn completed the acquisitions of Camelot UK Lotteries Limited ("Camelot UK"), the current operator of the UK National Lottery, and the Camelot Lottery Solutions group of companies ("Allwyn LS Group"; formerly referred to as "Camelot LS
Group"), the current operator of the Illinois Lottery, USA, under a private management agreement (the "Camelot Acquisitions"). The United Kingdom segment is consolidated only from February 2023. Allwyn LS Group is consolidated only from March
2023.
% of Net Revenue.
3)
As if acquisitions were already in effect for the whole LTM period.
vs Q3'22, excl. Camelot
UK and Allwyn LS
Group acquisitions¹
Pro forma LTM consolidated Adjusted EBITDA³
Q1 2023 acquisitions ¹
€1,484m
Camelot UK
Allwyn LS Group
Note: unless noted, all financial data presented is not
pro forma for acquisitions of Camelot UK and Allwyn LS Group
and only includes the contribution post date of acquisition
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