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Full Year 2018 Paddy Power Betfair PLC Earnings Call Transcript

Mar 06, 2019 / 09:00AM GMT
Release Date Price: £59.65 (-2.65%)
Jeremy Peter Jackson
Paddy Power Betfair plc - CEO & Director

Welcome to the Paddy Power Betfair 2018 preliminary results. I'm delighted to be joined by Jonathan Hill, our CFO, for what's his first set of annual results and also by Dan Taylor, the CEO of our European business. He is going to speak to you later on about how we've turned around the Paddy Power brand and the ongoing work we've got at Betfair.

I think we're going to cover 4 topics today. Firstly, given the fact that we've seen a very significant year of change in the sector, I want to take a step back and remind you of why we can deliver sustainable shareholder returns by talking about how our sector remains attractive and how well positioned we are within it. I'm also going to take you through our 4-pillar strategy, which I've talked to some of you around. Jonathan will then cover the financial review, highlighting the 2018 numbers and how you should think about our significant U.S. opportunities and also touch on capital allocation. And then under the operating review, Dan and I will discuss the highlights and substantial

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