ANNUAL RESULTS 2019 – STRONG OPERATING PERFORMANCE: REVENUE UP 8%,

•  Strong increase in stakes and revenue
  • Stakes up 9% at €17.2 billion, and 8% excluding the impact of the exceptional long cycles for Loto and Euromillions
  • Growth driven by all activities: draw games, instant games and sports betting
  • Point-of-sale stakes up 7% at €16.1 billion, and digitalised^[1] stakes up 39% at €3.4 billion, representing nearly 20% of total stakes
  • Revenue up 8% at €1,956 million
• EBITDA up 9%^[2] at €346 million
  • Stable EBITDA margin at 17.7%. Full implementation of the 2018 retailer remuneration agreement and full-year effect of direct distribution roll-out
• Upward adjustment to our 2020 guidance
  • Positive momentum is set to continue in 2020, notably thanks to an event-packed year (new format for Euromillions, launch of new instant games, UEFA Euro 2020)
  • On a comparable 2019 adjusted basis^[3], FDJ is now targeting an increase of more than 5% in stakes, revenue growth of 5% and EBITDA margin maintained above 20%
  • Confirmation of strong cash flow generation and a dividend payout ratio of 80%
• Group’s strong economic and social contribution maintained
• €5.7 billion contribution to French GDP in 2019; 53,700 jobs secured or created, including 21,900 in the network of 30,000 FDJ points of sale.

* Revenue: net gaming revenue and revenue from other activities

** After taking into account non-current items, in particular IPO costs

*** EBITDA: recurring operating income adjusted for depreciation and amortisation (excluding IPO costs in 2018)

**** Excl. IPO costs accounted in current operating income in 2018

Stéphane Pallez, Chairwoman and CEO of FDJ, said:

“2019 will be remembered as a landmark year for La Française des Jeux with the great success of its initial public offering to numerous institutional investors, individual shareholders and Group employees.2019 was also characterised by very strong growth in all our businesses, across all sales channels, both physical and digital, and the Group’s excellent operating and financial performances.These results allow us to adjust our 2020 outlook upwards and to look forward with renewed confidence to the deployment of our sustainable growth strategy, in line with our commitments to CSR and responsible gaming.”

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