Allwyn Ag

Thank you everyone and welcome in our regular results conference call. As presented in our video, all in all we are very satisfied with our robust Q4 performance and the lineup in a challenging year indeed. This allowed us to propose a combined shareholder remuneration of €1.50 per share. Following your positive feedback on our new format the previous time, we again shared with you earlier today the results presentation accompanied with the recorded video, so as we can jump directly now into the Q&A session. So without further ado, let's do it. Geli, over to you. We can start.

Ladies and gentlemen, at this time, we'll begin the question and answer session. Anyone who wishes to ask a question may press star followed by one on their telephone. If you wish to remove yourself from the question queue, then you may press star and two. Please use your handset when asking your question for better quality. Anyone who has a question may press star and one at this time. One moment for the first question, please. The first question is from the line of with your bank equities. Please go ahead.

Hi there. Thank you very much for taking my question. I have three questions, if I may, please. Firstly, just on your guidance, if I remember correctly, this is actually the first time, well, certainly in the last decade, that you provide guidance for profitability. And this comes in a period characterized by opposing forces, if I may say. So on the one hand, we have the reopening impulse. On the other hand, we have the inflationary pressures, which you've also talked about. Just wondering, Well, first of all, what made you proceed with articulating guidance in the first place? And secondly, given that this quite impressive EBITDA growth, which you guide for about 30% year on year, will mainly come from the top line, could you tell us what you expect the main top line force to be? Is it going to be the further ramp up of your online business? Will it be VLTs? exceeding 2019 levels. So that was the first question. Second one would be on the regulatory front. We actually read today on the press about changes to the online gambling framework being proposed by the regulator. I'm mainly referring to the quite substantial increase in the maximum bed size. Just wanted to ask whether this is indeed the case. and also whether VLTs are to be included in this positive regulatory development based on what you know. And last question would be on the arbitration related to the minimum gaming duty payment for Hellenic lotteries. Just wondering where we are in the process and if there's a decision close to being reached. Thank you.