Allwyn SPAC
2019-21 segment business highlights - Greece and Cyprus
Online business and new concession support strong increase in EBITDA despite COVID impact
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68
Due to COVID-related closures of physical
retail in for significant part of year, FY 2021 GGR
slightly below pre-pandemic levels but EBITDA
significantly exceeded 2019 performance
Continuing strong performance at Stoiximan
(leading online sports betting and iGaming
operator in Greece, acquired majority and
consolidated in Q4 FY20)
Profitability and cash flow supported by
structurally more favourable taxation in Greece
after start of new concession for largest games
in Q4 FY20
Source: Company Information
Gross Gaming Revenue (€m)
GGR growth
1,620
1620
2019
Net Gaming Revenue (€m)
NGR growth
1,092
2019
Adj. EBITDA (€m)
Adj. EBITDA margin
37.8%
413
413
2019
Stoiximan
Stoiximan
1,130
1090
40
2020
737
2020
44.2%
326
317
9
2020
Others
Others
1,510
1164
345
2021
1,015
2021
57.0%
578
550
28
2021
4
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