Flutter Results Presentation Deck slide image

Flutter Results Presentation Deck

International Pro forma £m Average monthly players ('000s) Sportsbook stakes Sportsbook net revenue margin Sports revenue Gaming revenue Total revenue Cost of sales Cost of sales as a % of net revenue Gross profit Sales & marketing costs Contribution Other operating costs Adjusted EBITDA Adjusted EBITDA margin Depreciation and amortisation Adjusted operating profit Flutter FY 2021 1,901 1,592 8.7% 220 1,068 1,288 (392) 30.4% 897 (335) 562 (270) 292 22.7% (52) 240 FY 2020 1,938 1,368 8.5% 180 1,285 1,465 (365) 24.9% 1,100 (279) 822 (248) 574 39.2% (50) 524 YOY -2% +16% +20bps +22% -17% -12% +7% +550bps -19% +20% -32% +9% -49% -1,650bps +4% -54% YOY CC +21% +20bps +26% -13% -8% +12% +530bps -14% +27% -28% +9% -46% -1,580bps +6% -51% Revenue -8%: - Challenging comparatives due to Poker spike in Q2'20 Compliance changes post TSG merger and regulatory changes in Germany/Netherlands Underlying H2 growth in casino +25% offset by poker decline -17% Cost of sales % increase reflects change in regulated mix and increased casino along with new German taxes from 1 July 2021 Sales and marketing increase from: Betfair LATAM investment Addition of Junglee Spend to revitalise PokerStars Direct casino customer acquisition Other opex includes investment to stabilise operational capabilities 41
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