Flutter Investor Day Presentation Deck
Key financial highlights
Pro forma¹
Revenue
Profitability
Financial
position
Sports revenue
Gaming revenue
Total revenue
Adjusted EBITDA Group
Adjusted EBITDA Group ex-US
Adjusted operating profit
Adjusted EPS
Flutter
Free cash flow
Cash conversion²
Net debt
Net debt / LTM EBITDA
H1
2021
£1,894m
£1,199m
£1,159m
£1,190m
£3,053m £2,389m
£597m
£684m
£472m
171.1p
H1
2020
£333m
95%
£2,682m
2.3x
£684m
£703m
£567m
286.3p
£500m
114%
£2,899m
2.3x
YOY
CC
+57%
+1%
+30%
-12%
-2%
-16%
-40%
●
●
Strong revenue performance from
diversified portfolio
Group ex-US:
Sports uplift in UK & Ireland and Australia
with excellent operational gearing
Offset by lower poker revenue and
investment in customer growth in
International
Significant investment in US
EPS reduction reflects increased share
count and US loss
Turning profits into cash
Leverage of 2.3x
¹ Includes TSG as though part of the Flutter Group throughout 2020 and 2021 (date of acquisition May 5, 2020). Junglee, which was acquired in January 2021, has not been included on a pro forma
basis. See Appendix 3 of the Interim financial statements for a reconciliation of pro forma results to statutory results.
2 Reflects conversion of Operating Profit to pre-tax Adjusted free cash flow. 8View entire presentation