Fdj United · EURONEXT:FDJU
Fdj United — FDJ — Investor Presentation (September 2021)
15 slides from Fdj United's investor presentation, September 2021
Slide 1: Investor presentation September 2021
Investor presentation September 2021 Investor presentation – September 2021
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: In brief
In brief France’s leading gaming operator – 2nd largest lottery in Europe ◆ ~50% GGR market share in France ◆ Lottery and offline Sports Betting under exclusive rights (2044) ◆ Online Sports Betting under licence (open to competition) % of stakes (€16bn) % of contribution margin (€605m) Contribution
Slide 4: Value creation strategy combining economic and extra-financial performance
Value creation strategy combining economic and extra-financial performance Relevance of our 2025 strategic priorities confirmed in 2020 Sports Adjacent Customer Lottery betting activities relations Increase the Strengthen Accelerate Identify and resilience of our growth levers growth customise busin
Slide 5: Corporate purpose enshrined in our bylaws
Value creation strategy combining economic and extra-financial performance Corporate purpose - «raison d’être» enshrined in our bylaws ◆ Approved by shareholders at the AGM on 18 June 2020 Gaming is our business, giving back to society is what drives us, and responsibility is our constant focus ◆ Si
Slide 6: CSR commitment reaffirmed and assessed
Value creation strategy combining economic and extra-financial performances CSR commitment reaffirmed and assessed 10% A1+ of TV advertising budget Vigeo Eiris rating maintained allocated to Responsible Gaming Gender parity 100/100 «Pénicaud» index 20% carbon emissions reduction #2 Grand Prix betwee
Slide 7: First half 2021: key highlights
First half 2021: key highlights Good momentum - normalized environment since mid-May ◆ Good momentum despite restrictions related to the health crisis ◆ Quick normalisation of market conditions from mid-May ◆ 30,000-POS network fully opened from early June ◆ Gradual Q2 activity acceleration driven b
Slide 8: FDJ: online stakes representing 12% of total stakes in H1 21
FDJ: online stakes representing 12% of total stakes in H1 2021 Online stakes up +71% vs H1 2020 +101% (% stakes’ change) +71% (as % of stakes) * 2019 adjusted to account for the integration of Sporting Group over the whole year. Not adjusted for the impact of exceptionally long Loto / Euromillions c
Slide 9: Outlook 2021
Outlook 2021 H2 2021: good momentum maintained and acceleration in investments EBITDA Stakes Revenue Margin c.€18.8bn €2.2bn ≥ 22% EBITDA to cash > 80% conversion Investor presentation – September 2021 9
Slide 10: Takeaways
Takeaways ◆ Value creation strategy combining economic and extra-financial performance to deliver medium-term growth with a good profitability ◆ Strong business model having showed its resilience ◆ CSR commitment reaffirmed and assessed with Corporate purpose enshrined in our bylaws ◆ Quick normalis
Slide 11: Q&A
Q&A Investor presentation – September 2021 11
Slide 12: Appendix
Appendix Investor presentation – September 2021 12
Slide 13: 2020 KPIs
2020 KPIs % of total % of total Group Lottery Sports betting 20% Stakes €16.0bn €12.7bn €3.2bn % digitalised1 24% 9% 80% Year-on-year change -6.8% -6.0% -10.0% Number of players c.23m c.23m c.2.5m Average weekly stake per player €13.3 €10.6 €26.52 Gross gaming revenue €5.1bn €4.3bn €0.8bn 20 % Net g
Slide 14: New regulatory/fiscal regime as at 01 January 2020
New regulatory/fiscal regime as at 01 January 2020 1 Gaming taxes based on stakes 2019 Player payout Taxes FDJ Gaming taxes based on GGR* 2 Player payout Taxes FDJ Categories Player payout ratio range Tax rate Before VAT 01 January 2020 Loto & Euromillions 50-60% 68.0% of GGR 32.0% of GGR onwards Ot
Slide 15: European Commission opens an investigation
European Commission opens an investigation ◆ European Commission announcement – 26 July 2021 ◆ Following FDJ’s privatisation, two complaints filed with the European Commission for alleged granting of State aid ◆ Launch of an in-depth investigation of France on the appropriateness of the sum of €380