Flutter Results Presentation Deck slide image

Flutter Results Presentation Deck

Sustainable revenue growth + margin benefits Ex-US EBITDA growth despite regulatory impacts Financial Review Pro forma, EBITDA, £'m H1'22 - H1'23 608 H1 2022 reported 120 H12022 Sisal 17 FX +4% growth including 4% tax headwind in Australia 745 H1 2022 rebased EBITDA EBITDA YOY EBITDA margin Margin YOY 75 ¹Corporate costs represented as a % of total Ex-US H1 revenue UK&I (58) Australia 21 Int'l (9) Corporate 774 H1 2023 (£64m) +16% -2.1%¹ 25.7% -10bps -110bps £774m ● +4% ● ● £396m £158m +24% -27% £284m +8% 31.9% 26.4% 24.3% +260bps -950bps Obps Scale and diversification underpin growth and high margins UK & Ireland: marketing and other cost efficiencies offsetting operating cost inflation to deliver increased margin Australia: lower margin primarily driven by POCT increase of £33m and investment in product and marketing, H2 margin expected to be in line with HI International: EBITDA growth with margin flat reflecting continued scaling of key markets Corporate costs: expansion of Group and investment for US listing readiness driving costs £9m higher, broadly in line as % of revenue F II. 16
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