Good First Quarter of 2024 for FDJ, in Line with the Group’s Projections

• ^1st quarter turnover of 710 million euros, up +7%
  • Revenue from gaming activities [1] in France of 645 million euros, up +3%, with a high basis of comparison in the 1st ^quarter of 2023
  • Good momentum in online games with a turnover of 100 million euros, or nearly 15% of the turnover of the Group’s gaming activities

• Public purchase offer (OPA) on Kindred opened on February 20, 2024 for a maximum period of 9 months
  • The completion of the takeover bid remains subject in particular to obtaining regulatory authorizations and the acquisition by FDJ of at least 90% of the capital of Kindred.

Boulogne, April 17, 2024 (5:45 p.m.) – La Française des Jeux (FDJ), the leading gambling operator in France, announces its turnover for the first ^quarter of 2024.

Stéphane Pallez , Chairman and CEO of the FDJ group, declared: “  FDJ has had a good start to the year, in line with its 2024 objectives. All of our activities are progressing, thanks to our network of more than 29,000 points of sale and continued strong momentum in digital games, which today represent 15  % of the turnover of the Group’s gaming activities. We are also continuing, with confidence, the Kindred acquisition project announced at the end of January. »

Highlights of the 1st quarter ^of 2024

• Turnover of 710 million euros, up +7%

Revenue for the first ^quarter of 2024 stood at €710 million, up +7.2% and +1.1% on a comparable basis, a performance in line with the Group’s projections.

• The turnover of gaming activities in France increased by +3.1%, to 645 million euros.
  • Lottery turnover increased by 1.4%, to €504 million, thanks to growth of more than +4% in instant games, driven by the success of games portfolio events such as the launch of Golden Ticket (€5) at the beginning of January. The circulation, as expected given an unfavorable base effect, mainly for Amigo, recorded a decline of -3%. Excluding Amigo, whose decline linked to its new formula launched at the beginning of June 2023 has stabilized, lottery turnover would increase by more than +4%.
  • For competitive sports betting & online games, turnover came to 141 million euros, up +9.5% and 0.9% excluding the integration of ZEturf, despite a high base for comparison to 1st quarter ^of 2023, which notably benefited from the very positive impact of the World Cup at the end of 2022.

This performance is attributable to the strong increase in turnover of ParionsSport En Ligne, greater than +25%. Beyond its intrinsic dynamic, it also benefits from the attractiveness of poker with a high level of cross-selling.

• The turnover of other activities (International and Payment & Services) stood at 65 million euros, compared to 37 million euros in the 1st ^quarter of 2023, an increase attributable to the integration of PLI, which achieves a good performance, notably driven by EuroDreams.
• The dynamic of online games remains very strong, with turnover increasing by more than +30%, to 100 million euros, or almost 15% of the turnover of the Group’s gaming activities. Excluding ZEturf and PLI, the growth in online gaming turnover is more than +20%, driven both by competitive online betting and games and by the online lottery which benefits from the very high rate of digitalization of EuroDreams, as well as the attractiveness of instant games and the exclusive online offer.

• Public tender offer on Kindred
  • On February 20, 2024, the tender offer for Kindred was opened for a maximum period of 39 weeks. Its completion remains subject in particular to obtaining regulatory authorizations and the acquisition by FDJ of at least 90% of the capital of Kindred.
  • On March 15, 2024, the shareholders of Kindred meeting at an extraordinary general meeting approved the modification of the articles of association to allow the implementation of a squeeze-out procedure by any shareholder holding at least 90% of the capital of Kindred.
  • On March 28, 2024, following Veralda’s offer to sell 49% of its Kindred shares, or 2.4 million shares corresponding to 1.12% of the outstanding shares, at a price of SEK 122.5 per action, FDJ has decided to exercise its right of pre-emption linked to Veralda’s irrevocable commitment, communicated when the transaction with Kindred was announced on January 22, 2024.

As a result, FDJ acquired 2.4 million Kindred shares, for SEK 294 million or €25.8 million, and Veralda’s irrevocable commitment continues to apply to its remaining 1.18% stake. in Kindred. Thus, FDJ holds 1.12% of Kindred’s outstanding shares and the irrevocable commitments (Corvex Management LP, Premier Investissement SAS, Eminence Capital, Nordea and Veralda) now represent 26.82% of Kindred’s outstanding shares.

General assembly

The FDJ annual general meeting will be held on Thursday April 25, 2024 at 2:30 p.m. at the Palais des congrès d’Issy-les-Moulineaux (25, avenue Victor Cresson – 92130
Issy-les-Moulineaux).

The event will also be broadcast live on its website https://www.groupefdj.com/assemblee-generale-2024/

On this occasion, the Group will propose to its shareholders a dividend of 1.78 euros per share for the 2023 financial year, which will be paid on May 7, 2024.

Next financial communication

FDJ will publish its half-year results on Thursday July 25, 2024 after close of trading.

[1] Lottery and sports betting & competitive online games