Flutter Investor Day Presentation Deck
2021 Outlook
Current trading
Ex-US guidance
US guidance
Tax
Capex
Flutter
Positive start to H2, albeit a traditionally quiet part of the year
Group ex-US EBITDA expected to be between £1,270m and £1,370m assuming:
Normalised net revenue margins for remainder of year; no material disruption to sporting calendars
No further retail closures
-
US net revenue expected to be between £1,285m - £1,425m ($1.8bn and $2.0bn) with a US EBITDA loss
of £225m - £275m ($315-$385m) assuming:
Normalised net revenue margins for remainder of year; no material disruption to sporting calendar
State launches in Arizona and Connecticut in H2
Effective Group ex-US corporate tax rate expected to be 17-19% (previously 15-17%) reflecting higher
proportion of earnings coming from Australia and UK&I
Continue to expect capex to be c.£300m in 2021
18View entire presentation