Flutter Results Presentation Deck
UK&I: Significant progress on sustainability
Flutter UK & Ireland AMPS (millions) and revenue¹ (£bn)
2 year
CAGR
+13%
2 year
CAGR
+6%
2.4
H2 2019
3.0
H2 2021
AMPS
A focus on recreational growth...
0.8
Flutter
H2 2019
0.9
H2 2021
Revenue
AMP growth > revenue
growth¹ with reduction in top
value tiers offset by growth in
lower value cohorts
Proportion of revenue from top
value tier
15.7%
6.7%
H2 2019 H2 2021
>55% reduction in %
revenue from highest
value tier since 2019
●
...Has positioned Flutter well
Significant reshaping of player base and revenue mix
Progress since H2 2019:
More than halved revenue from top value band
Increased our share of recreational customers
Reduced ARPU across all value bands
Concentration of revenue in line with UK income tax
distribution²
Recreational focus bolstered by Tombola acquisition³
UK's leading bingo brand with highly recreational
customer base
Would reduce % top value tier to c.6% in H2 2019
These changes position Flutter well for sustainable
growth and any future regulatory change
-
¹ Revenue normalised for gross sports results impact in both periods. Gross sports results impact is delta between actual net revenue and expected net revenue before impact of
recycling on staking
2 HMRC April 2021 tax year end 27
³Final EBITDA of £37m with revenue of £164m. Completed 10 January with results fully consolidated for 2022View entire presentation