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Allwyn Ag

Q42023

3/14/2024

speaker
Gailie
Conference Call Operator

Ladies and gentlemen, thank you for standing by. I am Gailie, your course call operator. Welcome and thank you for joining the OPAP-SA conference call and live webcast question and answer session to discuss the fourth quarter and full year 2023 financial results. Please note a video presentation has been distributed and is also available on the OPAP Investor Relations website. All participants will be in listen-only mode and the conference is being recorded. At this time, I would like to turn the conference over to Mr. Jan Karas, CEO of Opapese. Mr. Karas, you may now proceed.

speaker
Jan Karas
Chief Executive Officer

Thank you very much. Good evening or good morning to everyone and welcome to our regular full year 2023 results conference call. I'm excited with the set of results announced delivering in Q4 2023 record high quarterly GGR and achieving a full year GGR record surpassing the $2 billion threshold for the first time. On top of that, we concluded the year with full-year recurring EBITDA that exceeded our latest outlook, landing at €745 million. 2023 was a year of change for OPAP in which a broad set of enhancements and improvements in our customer propositions were implemented, while we leveraged new digital technologies to upgrade the overall customer experience, both in retail and online, and proceeded with transformation of our traditional games to make them more relevant to the latest trends in gaming. New Joker, new Lotto, launch of hopuponline.gr, new platform for both retail and online Pame Stichema are just some indicative examples. We are also glad to announce a generous shareholders remuneration of 85 cents that comes on top of that one euro already distributed as interim dividend in November 2023. We anticipate 2024 to be another year of solid financial and operational performance benefited by OPAP's unique proposition and strategy. Hopefully, you have reviewed and enjoyed the results recorded video we shared with you earlier today, so we will jump directly to our Q&A session. Gili, over to you.

speaker
Gailie
Conference Call Operator

Thank you, Mr. Gadas. Ladies and gentlemen, at this time, we will 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.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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Investor presentation