Flutter Results Presentation Deck

Financial Review Capital allocation Significant growth provides capital allocation opportunities Organic investment Highest return Customer acquisition and retention Highly disciplined CAC/LTV¹ model Sophisticated CRM¹ capabilities Increasing use of higher returning targeted and personalised spend Value creative M&A High return Strategic criteria: "Local hero" with podium position e.g. Adjarabet (see slide 35) - Differentiated competitive position Clear opportunities to add Flutter Edge and accelerate growth Financial fit: Revenue/cost synergies EPS accretion Significant opportunity for further M&A in regulated markets with sub scale presence ¹CAC = Customer Acquisition Cost, LTV = Lifetime value, CRM = Customer Relationship Management Returns to shareholders Excess cash where returns < WACC ● EBITDA growth and cash generation will deliver rapid deleveraging Commitment to an efficient balance sheet Significant future balance sheet capacity for investment or returns to shareholders Group will consider appropriate levels of leverage and mechanisms for returning value to shareholders Disciplined allocation of capital driving optimal returns II. 19

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