Flutter Results Presentation Deck
●
Appendices
-
Cash flow
Adjusted free cash flow doubled due to:
Increased Adjusted EBITDA reflecting US
profit inflection
Higher capex driven by the acquisition of
Sisal in August 2022, and investment in
global capabilities
Larger working capital outflow relating to
operational seasonality
Increased lease liability payments
SDI outflow relates to the proposed US share
listing, efficiency projects and Sisal
integration costs
Interest £70m higher due to debt funded
Sisal acquisition and higher interest rates
Other includes £131m paid by the Employee
Benefit Trust to acquire shares for settlement
of FanDuel incentive schemes
£m
Adjusted EBITDA
Capex
Working capital
Corporation tax
Lease liabilities paid
Adjusted free cash flow
Cash flow from separately disclosed items
Free cash flow
Interest and other borrowing costs
Acquisitions and disposals
Other
Net (decrease)/ increase in cash
Net debt at start of year
Foreign currency exchange translation
Change in fair value of hedging derivatives
Net debt at 30 June
H12023
823
(237)
(144)
(138)
(52)
253
(60)
193
(117)
(135)
(59)
(4,644)
162
(93)
(4,634)
H1 2022
476
(156)
(41)
(132)
(21)
127
(39)
87
(48)
(395)
(3)
(360)
(2,647)
(241)
244
(3,004)
YOY
+73%
+52%
+249%
+4%
+148%
+100%
+52%
+121%
+142%
-100%
+3,811%
-84%
+75%
+54%
F
II.
45View entire presentation