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Annual Report & Accounts 2014 - FACTSHEET
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GVC Holdings PLC is a leading online gaming company. The Company is incorporated in The Isle of Man and the Group's activities are licensed in Malta, UK, Denmark, South Africa, Alderney and the Dutch Caribbean. In the prior year the Group completed the acquisition of Sportingbet PLC in conjunction with William Hill PLC. Through a UK court Scheme of Arrangement, William Hill acquired from Sportingbet the Australian business together with certain other assets, including an option to acquire Miapuesta, Sportingbet's Spanish brand, which it subsequently exercised in 2013. The Company is bound by the corporate laws of The Isle of Man, the Company's Articles of Association, the AIM rules of the London Stock Exchange and the City Code on Takeovers and Mergers. The primary economic environment in which the Group's subsidiaries operate is the Eurozone and thus the Euro is the functional currency of the majority of the Group's subsidiaries. As such, management and the Directors have selected the Euro as the presentational currency of the Group. The Group offers its customers a number of payment options across a wide range of currencies including EUR and GBP. The full payment options can be found on www.sportingbet.com. The shares are traded on AIM in GBP. The financial statements are prepared under International Financial Reporting Standards as adopted by the European Union (IFRS). Investor Relations Website Extensive information on the Group, prior-year financial statements and press releases can be found on the Group's website: www.gvc-plc.com. The website is updated no less frequently than once a month. Definitions sports Gross Margin: Sports wagers less payouts. sports Gross Margin %: Sports Gross Margin divided by Sports wagers. Proforma Revenue: Being the underlying levels of the business as if the revenues of the B2B partner, East Pioneer Corporation B.V. were fully consolidated in the results of GVC for 2013. Net Gaming Revenue ('NGR'): Sports Gross Margin, plus net gaming stakes less payouts winnings, less customer bonuses. contribution: Gross Margin less commissions, revenue share and marketing costs. clean eBItDa: Earnings before interest, taxation, depreciation, amortisation, impairment charges, share option charges and exceptional items. clean Net Operating cashflow ('cNOc'): Clean EBITDA less: capitalised development costs, net corporate taxes paid, capital expenditure, finance lease payments and net working capital movements, and exceptional items of a cash nature. ANNUAL REPORT 2014 4 factsheet