Flutter Investor Day Presentation Deck

...and with clear evidence of the flywheel in action ● ● Scale enables greater operating leverage ● Cost base restructured to absorb increased taxes Marketing reallocated into targeted generosity Increased efficiency of marketing spend Operating cost base continues to scale Ongoing benefits of leveraging Flutter resources • All without compromising top line growth ● Demonstrated by increased EBITDA margins Distribution of net revenue¹ 26.8% 22.0% 20.4% 30.8% H1 2017 EBITDA ■ Opex 47.0% 10.0% 8.7% Flutter sb 34.3% H1 2021 Marketing Cost of sales ¹ 2017 calculated on a reported basis. 66

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