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 14View entire presentation