H1 2020 Financial highlights

• Consolidated gross gaming revenues decreased by 28% to €652 million (H1 2019: €909 million), primarily as a result of the impact of COVID-19 on land-based sales.
• Consolidated Operating EBITDA decreased by 42% to €167 million (H1 2019: €287 million).
• Consolidated Adjusted EBITDA, which excludes certain one-off items, decreased by 41% to €168 million (H1 2019: €286 million).
• Consolidated profit after tax from continuing operations decreased by 90% to €42 million (H1 2019: €145 million).

Pro-rata LTM H1 2020 highlights

• Pro-rata LTM Adjusted EBITDA was €379 million.
• Pro-rata net debt / Adjusted EBITDA was 3.2x and Pro-rata priority net debt / Adjusted EBITDA was 0.5x at 30 June 2020.

Key strategic initiatives

• In June, we acquired the 17.19% stake in CASAG previously held by Novomatic. As a result, SAZKA Group’s shareholding is now 55.48% and CASAG has been fully consolidated as a subsidiary from 26 June.
• In July, the Supervisory Board of CASAG approved a plan to optimise the cost structure of the casino business in Austria.
• In July, OPAP acquired an additional 51% stake in Stoiximan Group’s Greek and Cypriot business, as a result of which it now holds a 69% stake.

Trading update

• Most restrictions to which our businesses were subject as a result of COVID-19 were lifted by June and the businesses which were impacted by COVID-19 have recovered well.
• Land-based sales of most products in most geographies are approaching, or in some cases exceeding, sales during the same period last year.
• Online sales, which increased significantly in the Czech Republic, Austria and Greece during the period most directly impacted by COVID-19, have continued to perform strongly.

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

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