Allwyn Investor Conference Presentation Deck
Consistent track record of dividend flow from operating entities based on controlling
stakes and shareholders agreements
CASAG and Austrian Lotteries
●
Austria
●
●
Sazka Group has a shareholder agreement
with the second largest shareholder OBAG
(Austrian government investment vehicle) and
together own more than 90% stake in CASAG
Group
Dividend policy defined in SHA:
Dividend pay-out ratio of 60-70% of
consolidated net income
OPAP and SAZKA Delta
Greece and Cyprus
Management and Board control
Dividend policy:
Dividend distributions that exceed Net Profit
with a minimum of €1.00 DPS
Sazka a.s.
●
●
100% ownership
0
Lottoltalia
Czech Republic
Italy
Dividend policy defined in JV agreement:
Dividend pay-out ratio of 100% of net
income
1) Calculated as Adj. FCF / Adj. EBITDA.
2) Dividends upstreamed based on Allwyn economic interest at end of each quarter.
28
Quarterly distribution of capital reserves
Pro rata Adj. Free Cash Flow (Adj. EBITDA - Capex)
90.9%
315
FY2018
208
Austria
FY2018
93.5%
392
FY2019
1 Czech Republic
191
90.9%
Dividend and cash upstreamed to Allwyn International a.s. ²
FY2019
332
FY2020
Greece & Cyprus Italy
275
136
139
FY2020
94.6%
Cash Scrip
564
FY2021
■Corporate
281
83
197
FY2021
95.9%
537
9M 2022
Cash Conversion¹
453
83
370
9M 2022
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