Flutter Results Presentation Deck

Financial Review Low capital intensity helping drive significant cash generation... ● ● ● Capital investment targeted at growth opportunities Pro forma capital expenditure increase of 15% driven by investment in global capabilities Capital spend focused on long-term growth initiatives: Product development to maintain and attain leadership positions, while contributing to the Flutter Edge ● ● ● Cash flow generation ● Investing for long-term efficiencies Common technology platforms Expanding pricing and risk management capabilities ● US state launches International market expansion, e.g. Italian and Turkish concessions ¹ See full cash flow on appendix slide 45 H1 2023, £m¹ ● ● Strong EBITDA growth resulting in FCF expansion 823 Adjusted EBITDA ● (237) (144) (138) Capex Working Tax Capital (52) 253 FCF doubled YoY 127 Leases Adjusted FCF H1 2023 FCF expansion YoY driven by EBITDA growth Adverse working capital movement to unwind in H2 Overall decrease in cash due to share purchases to settle FanDuel incentive scheme in H2 of £131m Adjusted FCF Hồ 2022 II. F 17

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