Investment case

Entain is operating in a growth market

• Attractive global industry dynamics underpin large and expanding market

15% Market growth over the past 10 years

• Evolving customer needs, growing existing and new markets

11% Growth forecast between 2022 and 2027¹

• Trebling of Total Addressable Market (TAM)

$170bn TAM opportunity over the medium term

Leveraging scale advantages to drive superior growth

• Entain Platform benefits from scale advantages

£3bn+ Regulated Online NGR on tech platform

In-house Expertise and capabilities

• Scaled capabilities support deeper and broader customer engagement

• Strong track record of superior market growth

• Compelling M&A enhances market growth, diversification and scale

 
Sustainable growth built in

• Unrivalled diversification - geographic, product, customer base

30+ leading brands across 40+ licenced territories

10,000+ games on the Entain Platform

14% CAGR of active customers²

• Domestically regulated revenues

100% regulated or regulating market exposure

• Leadership of responsible engagement and player protection

ARC^TM Entain's revolutionary technology-led real-time risk reduction system

• Industry leading comprehensive ESG strategy

 
Superior financial delivery

• Disciplined capital allocation

Compelling value accretive M&A

Progressive dividend policy

• Profitable operations

>20% Group EBITDA margin

• Strong cash generation

£0.5bn Underlying Free Cashflow³

• Strong and flexible balance sheet

<2x Medium term leverage target

>£1.1bn available cash including undrawn RCF³