Entain PLC · LSE:ENT
Entain — Gala Coral Group — Q3 FY2016 Earnings Presentation
12 slides from Entain's earnings presentation, Aug 31, 2016
Slide 1: FY16 Q3 Results
FY16 Q3 Results 31st August 2016
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation may include forward-looking statements. All statements other than statements of historical facts included in this presentation, including those regarding Gala Coral’s financial position, business and acquisition strategy, plans and objectives o
Slide 3: Overview, FY16 Q3 Results, Q&A
Overview Carl Leaver FY16 Q3 Results Paul Bowtell Q&A 2
Slide 4: Overview
Overview Q3 FY16 RESULTS: [1/2] • Coral Group EBITDA of £57.7m +£6.5m (+13%). YTD EBITDA of £182.3m: +£23.7m (+15%). After adjusting for regulatory impacts[3]: +32% • Online net revenue growth of 19% • Coral.co.uk +26%, Eurobet.it +25% • Growth held back by new regulatory requirements • 230k FTDs du
Slide 5: FY16 Q3 and Q3 YTD Results
FY16 Q3 and Q3 YTD Results Paul Bowtell 4
Slide 6: FY16 Q3 and Q3 YTD Results
FY16 Q3 and Q3 YTD Results Continuing Operations [1] Quarter 3 Quarter 3 YTD £m FY16 FY15 % FY16 FY15 % Net revenue [2] 264.0 241.0 10% 868.9 775.4 12% Cost of sales (79.4) (75.2) (6%) (271.2) (235.2) (15%) Gross profit 184.6 165.8 11% 597.7 540.2 11% Marketing costs (Online) (15.8) (11.7) (35%) (59
Slide 7: FY16 Q3 YTD EBITDA Bridge
FY16 Q3 YTD EBITDA Bridge Coral Retail £14.5m Coral.co.uk £3.3m Gala websites £2.3m Coral Telebet £0.2m 5.4 (0.4) (1.2) 4.6 Coral Retail +£14.4m 14.6 6.6 - OTC margin +1.3pp (20.3) 14.4 - Machines net revenue +5% Eurobet Retail +£6.6m - Sports stakes +21% EBITDA growth of £44.0m or 32% - Sports marg
Slide 8: Coral Retail FY16 Q3 Profit & Loss
Coral Retail FY16 Q3 Profit & Loss Quarter 3 £m FY16 FY15 % OTC stakes 379.7 405.9 (6%) OTC gross win margin % 18.8% 17.5% 1.3pp OTC gross win 71.3 71.1 0% OTC net revenue 70.7 70.8 (0%) Machines net revenue 92.9 84.5 10% Stadia and other 1.4 2.3 (39%) Net revenue [1] 165.0 157.6 5% Cost of sales (4
Slide 9: Eurobet Retail FY16 Q3 Profit & Loss
Eurobet Retail FY16 Q3 Profit & Loss Quarter 3 £m FY16 FY15 % Sports stakes 86.8 63.0 38% Sports gross win margin % 15.9% 18.5% (2.6pp) Sports net revenue 13.8 11.7 18% Virtual and other net revenue 7.5 6.7 12% Net revenue [1] 21.3 18.4 16% Cost of sales [2] (13.7) (12.1) (13%) Gross profit 7.6 6.3
Slide 10: Online FY16 Q3 Profit & Loss
Online FY16 Q3 Profit & Loss Quarter 3 £m FY16 FY15 % Coral.co.uk net revenue 42.3 33.5 26% Gala websites net revenue 22.9 21.5 7% Eurobet.it net revenue 11.1 8.9 25% Net revenue [1] 76.3 63.9 19% Point of consumption tax (10.8) (8.7) (24%) Cost of sales (12.4) (12.6) 2% Gross profit 53.1 42.6 25% M
Slide 11: FY16 Q3 YTD Cashflow
FY16 Q3 YTD Cashflow Quarter 3 YTD Unlevered free cashflow for the period of FY16 FY15 Change £125.8m was £23.2m higher than the £m £m £m previous year primarily as a result of the increase in EBITDA EBITDA 182.3 158.6 23.7 Working capital and exceptionals (13.4) (15.9) 2.5 Inflow from Operations Ca
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