Fdj United · EURONEXT:FDJU
Fdj United — 9M 2023 Earnings Presentation
15 slides from Fdj United's earnings presentation, Oct 19, 2023
Slide 1: 9M 2023 revenue presentation
9M 2023 revenue presentation 19 October 2023 Q3 2023 Revenue | 19 October 2023
Slide 2: Disclaimer
Disclaimer This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward-looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described
Slide 3: Solid underlying performance reduced by Amigo new formula and Euromillions
Solid underlying performance reduced by Amigo new formula and Euromillions Acquisitions of ZEturf & Premier Lotteries Ireland strengthen FDJ model 9M revenue of €1,875m: up 4% At constant perimeter* up 1% and up 5% excl. Amigo and Euromillions, a solid performance, in line with end-June growth Lotte
Slide 4: Solid underlying performance reduced by Amigo new formula and Euromillions
Solid underlying performance reduced by Amigo new formula and Euromillions Lottery: 9M revenue -1% - +3% excl. Amigo & Euromillions Distribution channels 9M Instant stakes +4% Successful portfolio animation PoS stakes +1% Draw stakes -6%, +1% excl. Amigo and Euromillions +3% excl. Amigo and Euromill
Slide 5: Euromillions impacted by lower number of high jackpot draws
Euromillions impacted by lower number of high jackpot draws ≥ €75m jackpots 32 22 19 16 15 14 12 10 10 5 5 6 4 4 2 0 Q1 Q2 Q3 9M 2020 2021 2022 2023 Q3 2023 Revenue | 19 October 2023 5 RESTREINT
Slide 6: Euromillions impacted by lower number of high jackpot draws
Euromillions impacted by lower number of high jackpot draws Super jackpots (starting at €130m) 2022: 16 draws €130m (1) €130m-€230m (10) €130m-€194m (5) Q1 Q2 Q3 €130m- €130m (1) €130m (1) €143m (2) 2023: 4 draws Q3 2023 Revenue | 19 October 2023 6 RESTREINT
Slide 7: 9M revenue: +3.9% reported basis - Q3 revenue: -1.1% reported basis
9M revenue: +3.9% reported basis - Q3 revenue: -1.1% reported basis ~+5% at constant perimeter excluding Amigo and > +4% at constant perimeter excluding Amigo and Euromillions Euromillions 1,805 +3.9% 1,875 -1.2% 1407 1424 592 -1.1% 586 478 -6.0% 449 +9.3% 360 329 +6.4% 52 108 97 103 9M 2022 9M 2023
Slide 8: 2023 targets
2023 targets REVENUE GROWTH: reported c.5% between 1.5% and 2% at constant perimeter* RECURRING EBITDA MARGIN maintained at c.24% * With L’Addition and Aleda on a comparable timeframe – Revenue of €2,514m in 2022 Q3 2023 Revenue | 19 October 2023 8 RESTREINT
Slide 9: ZEturf & PLI
ZEturf & PLI Q3 2023 Revenue | 19 October 2023
Slide 10: Acquisitions of ZEturf & Premier Lotteries Ireland strengthen FDJ model
Acquisitions of ZEturf & Premier Lotteries Ireland strengthen FDJ model Perfect fit with FDJ’s strategic objectives Horse racing: the 3rd vertical to strengthen FDJ’s offering on the French online gaming market and to create the 4th leading operator in France Ireland: 1st international footprint in
Slide 11: Q3 2023 Revenue | 19 October 2023
Q3 2023 Revenue | 19 October 2023
Slide 12: ZEturf: horse racing, the 3rd vertical to complete FDJ offering
ZEturf: horse racing, the 3rd vertical to complete FDJ offering and creation of the 4th French online market open to competition operator September 29 October 1 2024-2025 Closing Consolidation in Integration process to be completed FDJ accounts in the course of 2025 A new organization: FDJ Sports be
Slide 13: ZEturf: horse racing, the 3rd vertical to complete FDJ offering
ZEturf: horse racing, the 3rd vertical to complete FDJ offering and creation of the 4th French online market open to competition operator Leveraging FDJ performances ~x2 2024e online gaming open to competition revenue Creating the 4th French online open to competition market operator with a 10%+ mar
Slide 14: Q3 2023 Revenue | 19 October 2023
Q3 2023 Revenue | 19 October 2023
Slide 15: PLI: 1st Lottery B2C international footprint with strong prospects
PLI: 1st Lottery B2C international footprint with strong prospects October 3 Early November By end-2023 2024-2027 Irish Lottery Closing - consolidation Strategical plan Strategy regulator approval in FDJ accounts joint construction implementation Integration Management team and retail footprint unch