Allwyn Results Presentation Deck
Pro rata net leverage (pre-IFRS 16 basis)
As of 31 March 2023, Pre-IFRS16 Basis¹
€ millions
100% basis
LTM Adjusted EBITDA²
Cash and cash equivalents and short-term
financial assets
37
2.9x
Q4'19
2.9x
Q1'20
Net debt
Pro-rata ownership (%)
Pro-rata LTM Adjusted EBITDA
Pro-rata net debt
Pro-rata net leverage
Pro-rata priority net leverage
Pro-rata Net Debt/Pro-rata LTM Adj. EBITDA (Pre-IFRS16)
3.2x
Austria
Q2'20
258
(392)
(315)
59.7%
154
(188)
(1.2)x
3.2x
Czech Republic
Q3'20
3.9x
119
(61)
(61)
100.0%
Q4'20
119
(61)
(0.5)x
3.8x
Q1'21
Greece &
Cyprus
743
(767)
(77)
49.8%
371
(38)
(0.1)x
3.1x
Q2'21
United
Kingdom
171
(242)
(242)
100.0%
171
(242)
(1.4)x
2.6x
Q3'21
Camelot LS
Group
32
(38)
(38)
100.0%
32
(38)
(1.2)x
2.2x
Q4'21
Italy
(84)
(84)
32.5%
378
123
(27)
(0.2)x
2.3x
Q1'22
2.2x
Q2'22
Other²
1
1 11 29
49
(45)
(0.9)x
2.1x
Q3'22
Corporate³
(5)
(153)
2,328
100.0%
(5)
2,328
NM
1) All data presented in this table excludes the impact of IFRS 16 Leases. The information in the table above has been derived or calculated from the financial statements and financial information of SAZKA a.s., OPAP, CASAG, Stoiximan, Camelot UK, Camelot LS Group, equity method investees, Allwyn
International and certain other entities within the Group. Pro rata ownership % indicates the effective interest of the Company in each entity as of 31 March 2023 (which is not adjusted for the effect of treasury shares held by OPAP), which is assumed to have been held constant throughout the twelve months
ended on that date. We present these pro rata financial measures because compliance with certain of the covenants in the indentures governing the 3 7/8% Senior Notes due 2027 and Senior Secured Floating Rate Notes due 2028 is determined with reference to the pro rata financial ratios set forth above.
2) Other comprises the pro rata effect of other equity method investees directly owned by Allwyn. Financial metrics are based on unaudited management accounts.
3] Includes Allwyn, service companies and holding companies.
2.2x
Q4'22
Total
1,013
1,689
1.7x
(0.8)x
1.7x
Q1'23
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