Flutter Investor Day Presentation Deck

Staking growth and expanding margin enables value investment... 12.1% 10.4% 2015 Investment has created a stable, sustainable net revenue margin Gross win margin vs net revenue margin¹ 12.0% 10.0% 2016 12.5% 10.6% 2017 Gross win margin 11.5% 9.0% 13.1% 2018 || 10.1% 2019 Net revenue margin 15.4% 11.1% 2020 12% 2016 While customer generosity has more than doubled since 2016 Generosity % of GGR² 15% 2017 23% 2018 24% Flutter sb 2019 26% 2020 ¹2015-2020 presented on a proforma basis. 22016-2018 presented on a reported basis, 2019-2020 presented on a pro forma basis. 64

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