Playtech PLC – Digital Summary Report 2021

Our operations

Playtech-AR-314.jpgGroup

Playtech is the leading technology provider to the global gambling industry, with high operating margins and high cash generation.

Revenue

€1,205m

EBITDA

€317m

EBITDA margin

26%

B2C.jpgB2B

Providing technology to gambling operators globally through a revenue share model and, in certain agreements, taking a profit share in addition.

Revenue

€554m

EBITDA

€139m

EBITDA margin

25%

FireBlaze_587_350.jpgB2C

Operating directly as an operator in select markets and generating revenues from online gambling, gaming machines and retail betting.

Revenue

€664m

EBITDA

€178m

EBITDA margin

27%

A global business

Playtech was established at the inception of the online gambling industry and possesses unparalleled knowledge and expertise in the sector, with over 20 years of experience and investment in technology.

Playtech’s global scale and distribution capabilities, with over 180 licensees operating in over 30 regulated markets and with offices in 26 countries, mean we are ideally positioned to capture opportunities in newly regulating markets and high growth markets with low online penetration.

Employees

c.6,600

Countries with offices

26

Regulated jurisdictions

>30

Technology

Principles of Playtech ONE

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Fully open platform, offering any product available across any distribution channel – online or retail

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A seamless player journey across any product or vertical

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One single Player Account Management (PAM) platform – IMS – for full player lifecycle visibility and management from a centralised point

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One single CRM, marketing automation platform and wallet

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One single customer view for data analysis

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Services and capabilities available across any platform and any product

Highlights of the year

Revenue1

€1,205m

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Adjusted EBITDA1

€317m

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Adjusted operating cash flow2

€315m

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Revenue from regulated markets1

85%

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  1. From continuing operations.
  2. Operating cash flow includes Finalto and is adjusted for Snaitech’s PREU tax payment of €90 million relating to 2020, which was paid in 2021 due to circumstances around COVID-19.

“Our core B2B and B2C businesses remained resilient throughout the pandemic-hit months to drive a very strong EBITDA performance in 2021.”

Andrew Smith

Chief Financial Officer

Business expansion

US momentum

Playtech continued to strengthen its foothold in the US and has a strong pipeline of opportunities ahead.

Significant progress in LatAm

The Company made significant progress executing its strategy in Latin America, with Caliente and Wplay the standout performers.

Extended B2B agreements

Playtech made good progress both extending agreements with the consumer-facing online gambling giants and striking new partnerships.

Technology leadership

Record-breaking Live Casino game

Among the highlights for Live Casino was a broken record for the most number of players on a Live table.

Snaitech online outperformance

A strong online performance helped position Snaitech as the #1 retail and online sports betting brand in Italy across 2021.

Strategic, multi-channel launch

Playtech signed an agreement with Holland Casino to provide its full turnkey multi-channel technology as well as other products.

Building a better business

Recognition in Safer Gambling

Playtech’s efforts in Safer Gambling were recognised as it was the first recipient of GamCare’s new B2B Safer Gambling Standard.

Further progress with Sustainable Success

Playtech launched a new Sustainability and Public Policy Committee that will advise on a wide range of responsible business topics.

Significant evolution of Board

In June, Brian Mattingley joined as Chairman, bringing significant industry experience and a track record of delivering strong corporate governance.

Review of the year

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Chairman’s statement

"As the leading technology company in the gambling industry, with an unrivalled quality and breadth of products, Playtech has a strong track record of growth, and the strategy and expertise to continue that growth for many years to come."

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Chief Executive Officer review

“Playtech made excellent progress across The Americas, Live Casino and Snaitech, leaving the Group well positioned to capture the exciting market opportunity ahead.”

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Chief Financial Officer’s review

"Playtech had a very strong 2021. Despite the challenges that came with the pandemic, particularly in H1, Adjusted EBITDA for 2021 was €317 million driven by strong performances from B2B online and Snaitech."

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