Annual financial statement
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Playtech plc ( " Playtech " , or the " Company " , or the " Group " ) Final results for the year ended 31 December 2020 Strategic progress and strong financial control deliver Adjusted EBITDA of € 310 million Playtech ( LSE : PTEC ) today announces its final results for the year ended 31 December 2020 , together with a trading update for January and February 2021 . Financial summary¹ , 2 Numbers in table below are from continuing operations ( i.e. excluding Finalto and Casual & Social Gaming ) , unless otherwise stated Revenue Adjusted EBITDA ( including Finalto ) ² Adjusted EBITDA³ Adjusted post - tax profit4 Reported post - tax profit / ( loss ) * Adjusted diluted EPS Reported diluted EPS Adjusted Gross Cash ( excl . RCF ) 6 Group highlights ● ● ● • ● ● ● ● FY 2020 ● ● FY 2019 € 1,078.5m € 1,440.5m € 310.0m € 383.1m € 253.6m € 375.3m € 27.3m € 137.4m - € 73.0m € 55.9m 8.8 € c -24.5 € c € 342.2m 44.6 € c 18.1 € c € 271.5m Change Change ( const . ( reported ) -25 % -19 % -32 % -80 % Launch of ESG commitment , Sustainable Success , to consolidate position as a global leader in safer products , data analytics and player engagement solutions Cash preservation and resilient operational performance leads to strong balance sheet with Net debt / Adjusted EBITDA of 1.7x at 31 December 2020 ( 1.6x at 31 December 2019 ) Simplification of Group ; Casual Gaming business disposed and Finalto discontinued , sale process ongoing Migration of tax residency to UK completed in early January 2021 Brian Mattingley to become Chairman effective 1 June 2021 Divisional highlights -231 % -80 % -235 % 26 % currency ) 5 -24 % -19 % -32 % -77 % -223 % -78 % -227 % n / a Significant strategic and operational progress due to the hard work , resilience and commitment of our people B2B Gambling Expanded presence in the US and Latin America Very strong online performance , which mitigated decline of retail due to pandemic Significant growth continued from Caliente in Mexico ; Wplay launched in Colombia Continued diversification of B2B business with over 100 new brands added to SaaS offering B2B Gambling Adjusted EBITDA of € 125.8 million was down 40 % at constant currency versus 2019 due to retail closures , a decline in Asia and significant hardware sales in the 2019 comparative Very strong growth in Live Casino ; significant operational momentum with new signings , expanded presence with existing licensees and new product launches Resilient financial performance with Adjusted EBITDA of € 310.0 million , driven by Finalto in H1 , and Core B2B and Snaitech in H2 Strong progress on US strategy with New Jersey and Michigan licences , and launches with bet365 and Entain ; multi - state strategic agreement with Parx and additional licence applications in progress Strategic agreements signed in Guatemala , Costa Rica and Panama