Flutter Results Presentation Deck
Introduction
Executive summary:
Earnings transformation with US now profitable
Group: Delivery against strategic goals drove strong H1 performance
AMPS +28%, Revenue +38%, Adjusted EBITDA +72%
Excellent pro forma¹ performance, revenue +24% and Adjusted EBITDA +37%
42% Play Well tool usage, +7ppt YOY
US: Now structurally profitable with £49m H1 EBITDA (FanDuel $100m)
Platform to further consolidate no 1 sportsbook position, market share 47% in Q2
Sustainable product leadership extending gross win margin advantage
Improved gaming proposition delivering Q2 market share gains to 23%
Group Ex-US: Pro forma revenue +8% and EBITDA +4% despite regulatory impacts
UK&I: Product and generosity enhancements growing market share
Australia: Strong customer retention offset by Covid spend reversion
International: Growth inflection point, driven by Consolidate and Invest markets
¹ All references to pro forma throughout this presentation include Sisal which was acquired in August 2022 as though the business was part of the Group for the entire 6-month period in the prior year
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