Flutter Results Presentation Deck
Financial Review
Financial guidance
Current trading
US¹
Group ex-US¹
Other modelling items:
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Guidance
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• H2 trading to date in line with expectations
Revenue range of $4.5bn - $4.9bn (£3.6bn-£3.9bn)
EBITDA range of $120m - $240m (£90m - £190m)
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• EBITDA range of £1.44bn - £1.60bn
Interest: c.£285m
Depreciation: c.£495m
Tax: Group ex-US tax rate of 25-27% partly offset by US deferred tax asset recognised of £166m
Capex: c.£500m
H2 additional cash costs: c.£155m; primarily relating to Junglee buyout², US incentive scheme and US listing costs
Expect to report full year 2023 in US GAAP and US dollars, further information to follow in due course
¹ All guidance assumes sports results in line with expected margin. US assumes launch in Kentucky in September 2023
2 Buyout of additional 32.5% of Junglee in July as expected, bringing Flutter's ownership to 84.8%
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