Flutter Results Presentation Deck

Sustainable revenue growth + margin benefits Existing business: Live states provide significant near term growth Existing business Financial Review I I I 1 I I I J I I I I I I I I I I Strong runway of market growth in existing states... % of Flutter US FY22 Market growth projections: CAGR 2022-25 revenue Sportsbook and iGaming¹: Pre-2022 states 2022-23 states Other revenue² 71% 16% 13% 15-20% 60-70% Mid-single digit declines ...provides leverage opportunity once market growth achieved ³ Potential '24 and '25 reduction vs H1 2023 Cost of sales % Sales and Marketing % Other Operating Costs % 2030 Target 47.5% - 52.5% c. 12.5% c. 10.0% Hồ 2023 Actual 50% 27% 20% Currently within range c. 5.5-6.5 ppt per annum c.1ppt per annum ¹US pre-2022 states include AZ, CO, CT, IL, IN, IA, MI, NJ, PA, TN, VA and WV for sportsbook and CT, MI, NJ, PA and WV for iGaming. Canada is included in this revenue category. US state launches in 2022 and 2023 include KS, LA, NY, OH, MA, MD, WY and Kentucky which is expected to launch in September 2023 2 Other revenue includes daily fantasy sports, online racing, PokerStars US and FOX Bet 3 Percentages are relevant for total revenue only and cannot be applied to each revenue category. Costs are based on the current regulatory and tax environment and therefore do not allow for any potential changes to either in the coming years. II. 13

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