Q1 2020 Financial highlights

• Consolidated gross gaming revenues decreased by 11% to €405 million (Q1 2019: €458 million), primarily as a result of the impact of COVID-19 on land-based sales.
• Consolidated Operating EBITDA decreased by 23% to €124 million (Q1 2019: €162 million).
• Consolidated Adjusted EBITDA, which excludes certain one-off items, decreased by 23% to €117 million (Q1 2019: €151 million).
• Consolidated profit after tax from continuing operations decreased by 51% to €43 million (Q1 2019: €87 million).

Pro-rata LTM highlights

• Pro-rata LTM Adjusted EBITDA was €398 million.
• Pro-rata net debt / Adjusted EBITDA was 2.9x and Pro-rata priority net debt / Adjusted EBITDA was 0.4x at 31 March 2020.

Trading update

• The Group’s land-based activities in Greece, casinos and VLTs in Austria and product sales in Italy were closed as a result of government or regulatory measures in March.
• The Group’s POS networks for lottery products in the Czech Republic and Austria were not subject to restrictions and a substantial majority have operated without interruption.
• Online channels and Digital-only Games have performed strongly throughout the period, supported by the launch of new products and optimisation of existing offerings as well as changes in customer behaviour as a result of COVID-19.
• COVID-19 related restrictions began to be relaxed beginning in May. Substantially all of the Group’s operations which were closed have now reopened.

• Operating EBITDA, together with Adjusted EBITDA and Free cash flow are all non-IFRS performance measures used in this document. Please see “Alternative performance measures (“APMs”)” at the end of this document.

• Pro-rata LTM data presented excluding impact of IFRS 16.