Flutter Investor Day Presentation Deck
Statutory Group P&L
£m Reported
Revenue
Adjusted gross profit
Adjusted EBITDA
Depreciation & amortisation
Adjusted operating profit
Adjusted net interest expense
Separately disclosed items (SDIs)
Profit before tax
Tax
(Loss)/profit after tax
Non-controlling interest.
(Loss)/profit attributable to equity holders
Adjusted basic EPS
Flutter
H1 2021
3,053
1,944
597
(125)
472
(74)
(321)
77
(163)
(86)
(3)
(89)
171.1p
H1 2020
1,522
1,026
342
(89)
253
(35)
(194)
24
(15)
9
10
19
187.5p
YOY
+101%
+89%
+75%
+41%
+87%
+115%
+65%
+221%
-9%
Six month contribution from TSG in 2021
with < 2 months in 2020¹
Primary driver of all increases
SDIS2 consisted of:
-
Non-cash items primarily amortisation of
acquired intangibles (£276m)
Cash items: transaction fees, restructuring and
integration costs
Tax includes deferred tax charge of £105m
due to announced UK tax rate increase to
25%
Adjusted H1 2021 effective tax rate 23%
(Group ex-US: 18%)
Adjusted EPS 9% lower reflecting the
increased tax charge in current period and
higher share count in H1 2021
¹ Acquisition completed on 5 May 2020.
2 Separately Disclosed Items: see slide 51 for further details.
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