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Annual Report & Accounts 2015 - FACTSHEET
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GVC Holdings PLC is a multinational sports betting and gaming company. The Company is incorporated in the Isle of Man and the Group's activities are licensed in 15 countries. It acquired all of the issued and to be issued share capital of bwin.party digital entertainment plc on 1 February 2016 following a court sanction of a scheme arrangement on that date. The Company is bound by the corporate laws of the Isle of Man, the Company's Articles of Association, the 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 the Standard Segment of the London Stock Exchange 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. Some key definitions bwin.party: bwin.party digital entertainment plc Enlarged Group: GVC Holdings plc incorporating bwin.party digital entertainment plc Sports Gross Margin: Sports wagers less payouts. Sports Gross Margin %: Sports Gross Margin divided by Sports wagers. Sports Net Gaming Revenue ('Sports NGR'): Sports Gross Margin less free bets and promotional bonuses. Total Net Gaming Revenue ('Total NGR'): Sports NGR + Net gaming stakes less payout winnings less customer bonuses + Other revenues. Contribution: Total NGR less betting taxes, VAT (imposed by certain EU jurisdictions on either sports or gaming revenue), payment service provider fees, software royalties, commissions, revenue share and marketing costs. Clean EBITDA: Earnings before interest, taxation, depreciation, amortisation, impairment charges, changes in the fair value of derivative financial instruments, 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, net working capital movements and exceptional items of a cash nature. GVC HOLDINGS PLC ANNUAL REPORT 2015 FACTSHEET 5