Playtech DSR 2022

Our operations

535x280_B2B.jpg

B2B

Providing technology to gambling operators globally through a revenue share model and, in certain agreements, taking a higher share in exchange for additional services.

Revenue

€632m

EBITDA

€160m

EBITDA margin
 

25.png

535x280_B2C.jpg

B2C

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

Revenue

€983m

EBITDA

€245m

EBITDA margin
 

25.png

A global company

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 40 regulated markets and with offices in 20 countries, mean we are ideally positioned to capture opportunities in newly regulating markets and high-growth markets with low online penetration.



Employees

c.7,000


Countries with offices

20


Regulated jurisdictions

>40

850x500_PTEC_Map.png

Product and Innovation

Award-winning technology delivering personalised solutions for operators and players

Through our proprietary technology solution, Playtech has pioneered omni-channel gambling technology which provides an integrated and open platform across retail and online for all key verticals, delivering a safe and seamless customer experience.

1136x734_P&I-Diagram.svg

Highlights of the year

Revenue1

€1,602m

(+33% versus FY21)

Adjusted EBITDA1

€406m

(+28% versus FY21)

Adjusted operating cash flow3

€397m

(+25% versus FY21)

Revenue from regulated markets2

89%

(+400 bps versus FY21)

 

1.  From continuing operations.
2. B2B and B2C only.
3. Continuing operations but includes Finalto in FY20. Adjusted for Snaitech’s PREU tax payment of €90 million relating to 2020, which was paid in 2021 due to circumstances around COVID-19. Definition has changed from FY21 to adjust for changes in jackpot balances, client deposits and client equity, professional expenses on acquisitions and ADM security deposit.

B2B – executing on our strategy

Extending lead in LatAm

2022 saw a strong performance in the LatAm region, illustrating the value of the structured agreement model. Caliente in Mexico and Wplay in Colombia performed strongly, while Galerabet positions us well in the potentially lucrative Brazilian market.

Key deals signed in the US

Excellent progress was made in the US, with several new deals signed in the year. Golden Nugget, Rush Street and WynnBET have signed multi-state deals, while Resorts and 888 have signed multi-product agreements in New Jersey.

Live performing
well

Live delivered a strong performance, with Playtech taking full advantage of the structural growth drivers in this product vertical. Playtech opened a new Live facility in Peru in 2022, and is now well positioned to serve its existing clients in Latin America.

B2C – outperforming and transformed

Snaitech
continues to lead
in Italy

Snai maintained its number one market share position across Italian sports betting brands in 2022, demonstrating its consistent operational and brand strength.

Snaitech
transformed post
pandemic

Snaitech is fundamentally a superior business post pandemic. With the online segment making up a greater proportion of revenues, Snaitech is a higher margin and less capital intensive business.

A successful
2022 football
World Cup

Wagers during the football World Cup in Qatar were up 27% compared to Russia in 2018 despite Italy’s absence from the tournament, demonstrating the strength of Snaitech’s brand and technology offering.

Building a better business

Ukraine – supporting the Playtech family

With over 700 employees in Ukraine, the war had a big impact on the Playtech family, and the Company responded with support for our employees and their families as well as contributing to humanitarian relief efforts.

Reducing our environmental footprint

Playtech has set a target to reduce operational emissions by 40% by 2025. We have made progress on meeting this target, with 56% of Playtech’s total energy consumption derived from renewable energy sources, up from 11% in 2021.

Leading research into responsible gambling

Playtech is collaborating with Holland Casino, the University of Amsterdam and Erasmus University to initiate a new four-year research project to examine how best to tailor tools to customers’ individual needs, risk levels and behaviour patterns.

Review of the year

560x515_Playtech2023-Chair.jpg

Chair's statement

"I am delighted to report another highly successful year for Playtech where we delivered strong growth and made significant progress against our strategy despite a challenging economic and geopolitical backdrop."

Read more

560x515_Playtech2023-CEO.jpg

Chief Executive Officer's statement

"Playtech’s strong performance in 2022 was underpinned by the energy, enthusiasm and professionalism of the Company’s employees."

Read more

560x515_Playtech2023-CFO.jpg

Chief Financial Officer's statement

"The excellent overall results in 2022 were driven by continued strength in the Group’s online businesses as well as retail reopening following pandemic-related closures in parts of 2021 in many of the Group’s markets."

Read more