Entain Plc (GMVHF) Q4 2024 Earnings Call Transcript

2025-03-06 11:35:21 ET

Entain Plc (GMVHF)

Q4 2024 Earnings Conference Call

March 06, 2025 10:00 AM ET

Company Participants

Stella David - Interim Chief Executive Officer

Rob Wood - Chief Financial Officer & Deputy Chief Executive Officer

Conference Call Participants

Ivor Jones - Peel Hunt

Ben Shelley - UBS

Pravin Gondhale - Barclays

Joe Thomas - HSBC

David Brohan - Goodbody

Conroy Gaynor - Bloomberg Intelligence

Presentation

Stella David

Good morning, everybody, and welcome to Entain's 2024 Results Presentation. Now I know that neither you or I expected me to be doing this, but anyway here I am, and the good news is that I am very confident that we are on track and I'm delighted to be here to give you a strong set of results for 2024 for the group.

I'm going to be joined here by Rob Wood, he's our CFO and our Deputy CEO. We've also got members of the IR team in the audience along with other members of our leadership team.

So to the agenda for today. I'm going to kick off with a brief overview of 2024 performance and the significant progress that we have achieved during the year. Rob is going to take you through the financials and he's also going to touch on current trading and our outlook. Then it's going to be back to me for more detail about what we have been doing to achieve our strategic goals. And why our business is well set to deliver high quality and sustainable growth in the future and also capture new exciting opportunities. And then finally, of course, we are going to wrap up so you can ask your questions.

So let me start with a quick overview. Last March, I actually spoke very frankly to you about the challenges facing Entain. We had to face the brutal truths. We had to roll up our sleeves and we had to focus on delivering operationally. Today exactly one year later. I am very pleased to report that we are seeing positive results, returning to organic growth both for NGR and EBITDA.

We said that we had to deliver in our must win markets, the UK, Brazil and the US. Each, of which has exited Q4 with the KPIs definitely in the green zone. I'm also pleased to say that we have positive momentum across the other parts of our portfolio too. However, this is only the start of the journey.

There is so much more to do and I am going to talk about that shortly, but before I do that I'm going to hand over to Rob to go through the financials. Rob.

Rob Wood

I've realized I really need to invest in some new clothes. Morning everyone. Thank you, Stella. So as usual I'm going to walk you through the financial highlights of 2024. And we're going to look at it by segments. I'm also going to talk about our guidance for 2025. And lastly, I'll spend some time talking through Entain’s medium-term outlook and how we grow revenue, we expand EBITDA margin and most importantly deliver meaningful cash generation....

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