Flutter Results Presentation Deck
International sustainability significantly improved
EBITDA £m, constant currency - 2 year bridge
574
FY 2019
(61)
FX
512
FY 2019 FX
rebased
Flutter
Improvements to
sustainability -£123m
(8)
Business
partner
switch offs
(65)
Merger
changes
(50)
Cost of
improved
revenue mix¹
(85)
Germany
and
Netherlands
304
FY 2019
rebased
Net investment loss²
-£12m
(133)
Investment
121
+£38m
(Covid)
Growth
292
FY 2021
Improving sustainability; £123m
EBITDA impact
Guided German and Netherlands
cost of £85m (£140m annualised)
Investment made in key areas:
PokerStars foundational capabilities
(£52m)
Marketing across all brands to drive
growth (£81m)
Net underlying investment has
Rebased PokerStars
Stabilised poker share
Driven PokerStars casino expansion
Grown markets such as Italy, Canada,
UK, Georgia and Armenia
¹ Cost of improved revenue mix includes increase in taxes in Italy, Denmark, Romania, UK and Portugal combined with increased proportion of revenues coming from regulated
markets and casino products, with higher associated cost of sales
2 Growth includes Junglee loss of £3m
15View entire presentation