The multinational sports betting and gaming group

2014 Interim Resultsand Trading Update

“Delivering returns today, building for greater returns in the future”

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Contents

• Overview

• Strategy

• Results and current trading

• Operating review and product development

• Investments and business development

• Regulatory update

• Challenges

• Summary

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Overview“Delivering first class returns today, building for an even more successful future”

“Five consecutive quarters of growth”

• Interim results– Clean EBITDA up 26% to €22.4 million– NGR up 44% to €105 million– Quarterly dividend of 12.5 €cents enhanced by “special” of 2.5 €cents – 96% increase over 2013

•World Cup was a complete success on all fronts: customer acquisition / sports margin/proved system capabilities and stability

• Current trading, NGR at €628k per day is up 20% on Q3-2013

• Further market launches planned for 2015; strategic investment in Scandinavia already made

•GVC aim is to aggressively grow; earnings, dividends and SH value through: leveraging/developing our platform; entering new markets, driving synergies on acquiring non-dilutive acquisitions

GVC has never been in a stronger position than now

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Strategy

• Continue aggressive, profitable growth and cash generation

• Enhance product to make Group market leading

• Localise product for new markets; Spanish Latam and some Asian markets

• Continue investment in “in-play” product - expected to drive growth

• Invest more on in-house mobile / tablet product – another driver of growth

• Maintain dividend policy: 75% of free cashflows + specials when circumstances permit

• Continue to attract people-talent

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Trading : last 5 quarters

Per dayQ3-2013

€'000

Per dayQ4-2013

€'000

Per dayQ1-2014

€'000

Per dayQ2-2014

€'000

Per dayQ3-2014

€'000Y on Y %

change

Sports wagers 3,335 3,926 3,765 3,907 3,894 17%

Sports margin 9.9% 8.4% 10.0% 9.8% 10.4%

NGR 523 529 559 602 628 20%

NGR per quarter 48.1 48.6 50.3 54.8 50.2€mil l ions

By Q3-2014 By Q3-2013 Change

Cumulative dividend declared 55 €cents 28 €cents 96%

80 days elapsed, 12 days to go

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Financial review

• Business model (slide 7)

• P & L (slide 8)

• Cashflow (slide 9)

• Balance sheet (slide 10)

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Business model, based on H1-14

Betboo earnout + corp tax etc.

* For investment and dividends

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P&L – normalised*

H1-2014 H1-2013 H2-2013

In € millions

Proforma revenue 105.1 85.3 96.8NGR 105.1 73.2 96.8Contribution 56.7 45.6 57.0Contribution margin 53.9% 53.5% 58.8%Expenditure (34.3) (27.8) (36.5)Clean EBITDA 22.4 17.8 20.5Clean EBITDA margin 21.3% 20.9% 20.1%Net fi nancial income/(expense) (0.9) (0.1) (1.0)D&A (1.8) (1.8) (2.0)Share option charges (0.1) (0.2) (0.5)Profi t before tax 19.6 15.7 17.0Tax (0.4) (0.3) (0.4)Profi t after tax 19.2 15.4 16.6

* Excluding exceptional items

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Cashflow

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Balance sheet

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Operational review

• Revenues and KPI’s

• Product and business development

• Regulatory position

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Group : revenue by business

Current trading InterimsQ3-2014 Q3-2013 % change H1-2014 H1-2013 % change

In €000's per daySports wagers 3,894 3,335 17% 3,836 2,771 38%Sports margin % 10.4% 9.9% 9.9% 10.3%Sports NGR 325 267 22% 287 242 19%Gaming NGR 223 179 25% 209 145 44%

Total sportsbook NGR 548 446 23% 496 387 28%

CasinoClub NGR (slide 19) 80 77 4% 84 85 -1%

GROUP NGR 628 523 20% 580 472 23%

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Group: KPIs

Q3-2014 Q3-2013 % change H1-2014 H1-2013 % change

Like-for-l ike days in period 80 days 80 days 181 days 181 days

No. of Unique actives in period 236,425 193,270 22% 368,533 348,998 6%

No. of New funded players in period 55,276 42,790 30% 147,403 106,291 39%

Value of deposits per day (€000s) 1,578 1,291 22% 1,500 1,287 17%

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Sportsbook: revenue

Q3-2014 Q3-2013 % change H1-2014 H1-2013 % change

In €000's per day

B2B (s l ide 16) 173 155 12% 159 207 -23%

Latam (s l ide 17) 73 65 12% 56 54 4%

Other Markets (s l ide 18) 302 226 34% 281 126 123%

Sportsbook sub-total 548 446 23% 496 387 28%

GGR - In-play 235 223 6% 233 189 23%

GGR - Mobi le 147 42 253% 109 29 276%

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Sportsbook: KPIs

Q3-2014* Q3-2013** % change H1-2014 H1-2013 % change

Unique actives 221,664 181,180 22% 350,695 330,387 6%

New funded players 51,407 41,178 25% 143,414 100,871 42%

Deposits per day (€000's) 1,365.6 1,044.4 31% 1297.0 1074.9 21%

In-play GGR % 59% 68% 61% 66%

Mobi le GGR % 22% 8% 18% 6%

* to 18 Sept 2014

** Q3-2013 adjusted for fi rst 80 days

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B2B: revenues

• Counterparty contract with East Pioneer Corporation

• Business performing well, • Difficult comparison to H1-2013 with volatile high-rollers• H1-2014 up 8% on H2-2013• Stronger management recruited

• Turkish Lira FX rates still weaker than 2013, but stronger than Q1-2014

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Latam: revenues and KPI’s

Q3-2014* Q3-2013 % change H1-2014 H1-2013 % change

In €000's per day

Sports wagers 601 444 35% 482 326 48%

Sports margin % 10.70% 9.60% 10.3% 10.1%

Sports NGR 53 35 51% 39 28 39%

Gaming NGR 20 30 -33% 17 26 -35%

Total NGR 73 65 12% 56 54 4%

Unique actives 41,339 35,689 16% 60,302 54,395 11%

New funded players 10,845 6,974 56% 21,171 7,655 177%

Current trading Interims

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Other sports markets

• Strong performance across all territories

• World Cup brought in growth

• Excellent, incentivized management teams

Q3-2014 Q3-2013 % change H1-2014 H1-2013 % change

In €000's per day

Sports wagers 2,159 1,833 18% 2,268 1,055 115%

Sports margin % 9.6% 8.4% 8.7% 7.7%

Sports NGR 166 124 34% 141 69 104%

Gaming NGR 136 102 33% 140 57 146%

Total sportsbook NGR 302 226 34% 281 126 123%

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CasinoClub

• Excellent management retains loyal customers

• Product limitations through bought-in software, but very stable

• Mobile launch planned Q1-2015

• Stand-alone EBITDA over €7 million for H1-2014 (50% EBITDA multiple)

• Pays 50% of Group dividend

Q3-2014 Q3-2013 % change H1-2014 H1-2013 % change

In €000's per day

GROUP NGR 80 77 4% 84 85 -1%

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Developments

• Sportsbook development• In-play• Mobile• Sports platform• Gaming

• Business development

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Product development : “in-play”

“Around 70% of sports wagers from the in-play product”

• Crucial to success of GVC – our aim is to have a market leading product• Since GVC acquired Sportingbet, significant development and improvement• Plans: more live streaming, and more markets• Q1-2015, new product launch to drive further customer engagement

Maximum number of concurrent in-play markets (up over 100%)• August 2013 – 1,843• August 2014 – 3,564• September 2014 – already hit 4,102

Number of Monthly In-Play Events,• H1-2013 - 65,337• H1-2014 - 81,234

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Product development: mobile / tablet

Mobile GGR averages 22% of total GGR across all markets (from a low inherited base), but in some markets it is already as high as 65%

• Core product, being developed with highly skilled in-house team• New mobile web tablet products for sportsbook and casino• New native iOS mobile sportsbook• New native iOS mobile casino• Upgraded native iOS tablet sportsbook• Native Android sportsbook – next year

• Development team increased from 17 to 50 during 2014 and incurred circa €2 million in cost

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Product development : Sportsbook

• New Sportsbook Bonus Engine across all platforms (web and mobile)

• Expanded Basketball product range

• 11,000 new streamed events annually on all platforms

• New trading models for Football and Tennis – 1 game per trader, now up to 8 games per trader

• Full re-design on all platforms

• Cutting-edge new product launch planned for 2015

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Business development

• Latam expansion into Spanish speaking markets via partnerships in Q4-2014

• Asia team being recruited ahead of 2015 launch

• Other B2B deals in pipeline

• Impressed with Betit management and their rapidly growing business and market share

• Continued focus for all deals is earnings and dividend enhancing

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Regulatory

GermanyAn Administrative Court in Wiesbaden has put a temporarily halt on Germany’s plans to award 20 federal sports betting licences following an appeal from a number of operators

United KingdomNew licensing regime takes effect 1 October 2014. Combined remote operating licence granted already. POC is a real cost to the business, if H1-2014 was restated, the EBITDA would have been €0.75 million lower. BulgariaFirst part of local licence application submitted

Denmark / South Africa / PhilippinesAlready licenced

TurkeyGVC provides full B2B service to customers of EPCRegulatory environment unchanged with government monopoly

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Challenges and pressures

• Regulatory

• World Cup, not less than €2 million in EBITDA value absent in 2015

• POC – current impact estimated at €1.5 million

• Development expenditure on mobile continues and has profit lag

• New market launches take time to break-even

These pressures expected to be offset and exceeded through customers acquired during World Cup and beyond as illustrated in Q3-2014.

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Summary

• GVC is highly profitable and diversified with excellent growth prospects

• Excellent growth• Q3-14 NGR per day 20% higher than Q3-13• Fifth consecutive quarter of growth.

• Sportingbet acquisition transformational with now a market leading:• Sportsbook• Mobile product (in-house) • Trading team

• Highly experienced and motivated management across the organisation

• Aggressive product and new market launches planned

• Highest paying dividend company in sector

• Board very confident on future prospects