Flutter Results Presentation Deck slide image

Flutter Results Presentation Deck

UK&I online: Growth offset by several key factors EBITDA, £m 1,829 79 266 Normalised sporting calendar FY 2020 Gaming/ Staking revenue Exchange growth growth Flutter Revenue +3% 46 Increase in expected margin (232) (£149m) in Q4 Sports results (93) SG impacts (6) Oddschecker 1,889 EBITDA: flat Applying 2020 EBITDA margin of 34.4% 649 FY 2021 FY 2021 revenue revenue @PY profitability (23) Cost impact on margin 626 FY 2021 EBITDA Growth driven by: - Gaming AMPs +22% despite Covid - comparatives Normalised calendar driving staking growth; expected margin increase reflects growing recreational base Partially offset by: Adverse sports results; below average recycling Safer gambling initiatives EBITDA margin reduction driven by increase in cost of sales as % revenue due to taxes and streaming costs. EBITDA (2020: £629m) ¹ Underlying gaming, exchange and staking growth have been adjusted to remove the estimated impact of safer gambling measures during the year of £93m in proportion with the UK & Ireland online product mix, c. 61% of safer gambling impacts relate to sports with the balance impacting gaming revenue. Impacts have been allocated between exchange and sportsbook in proportion with revenue 14
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