EANS-Adhoc: bwin Interactive Entertainment AG / Q2 2010

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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19.08.2010

Key financial indicators (pro forma consolidated, unaudited)

EUR million                  Q2 10 Q2 09 % YoY  H1 10  H109 % YoY
Gross gaming revenues        127.2 95.1  33.7%  260.4 212.8 22.4%
Net gaming revenues          100.4 77.8  29.2%  209.7 179.9 16.6%
Total revenues               112.5 96.7  16.3%  232.6 216.1 7.6%
EBITDA (adjusted*)           11.0  15.1  -27,0% 41.3  51.1  -19.2%
EBITDA (adjusted* excl. DFL) 11.0  9.7   13.4%  41.3  40.9  0.9%
EBIT                         -3.0  0     n.a    15.1  21.9  -30.9%
Result after tax             -2.8  0.1   n.a    14.7  19.1  -22.7%

Highlights of business development in Q2 2010

• Record turnover for sports betting due to successful Soccer World Cup
underscores market leadership
• Promising start to sports betting and poker in France at end of Q2
• Result temporarily affected by intensive preparations and start-up costs
in lead-up phase in calculated move in anticipation of further regulation of
online gaming markets in Europe
• First mover: Competitive advantage achieved by targeted marketing
campaign in France immediately after granting of licence
• Poker and casino affected by World Cup and seasonal trend
• Significant growth for games

Q2 2010 (pro forma consolidated)

• Gross gaming revenues of EUR 127.2 million, or EUR 113.8 million excl.
Gioco Digitale (Q2 2009: EUR 95.1 million)
• Sports betting margin 7.2% (Q2 2009: 5.9%)
• Net gaming revenues of EUR 100.4 million, or EUR 93.1 million excl.
Gioco Digitale (Q2 2009: EUR 77.8 million)
• Record number of active customers: 1,381,000 active and 360,000 new
active real-money customers (plus 30.7% and plus 43.5% respectively)
• EBITDA (adjusted*) of EUR 11.0 million (Q2 2009: EUR 15.1 million, or
EUR 9.7 million excl. effects of German Soccer League marketing rights)
• Result after tax of -EUR 2.8 million (Q2 2009: EUR 0.1 million)

Merger of bwin and PartyGaming

• Implementation of merger on schedule with conclusion expected in Q1 2011
• Proposed merger with PartyGaming opens up new opportunities
strategically, financially and operationally
• Consolidated company will be market leader in poker, sports betting,
casino and games, particularly bingo
• Merger to ensure optimal positioning to take advantage of growth
potential due to regulation of European and international gaming markets

* Excluding non-cash expenses in connection with share-based payment (IFRS 2)
and one-off effects in connection with proposed merger.

The complete half year financial report 2010 can be found online on the bwin
investor relations website at www.bwin.org, where it can also be downloaded in
pdf format.

Further inquiry note:
Investors:
Konrad Sveceny, Investor Relations
bwin Interactive Entertainment AG
Boersegasse 11, 1010 Vienna, Austria
Tel.: +43 (0) 50 858-20017
E-mail:[email protected]
http://www.bwin.org

Press:
Katharina Riedl, Corporate Communications
bwin Interactive Entertainment AG
Boersegasse 11, 1010 Vienna, Austria
Tel.: +43 (0) 50 858-20069
E-mail:[email protected]
http://www.bwin.org
end of announcement euro adhoc
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issuer: bwin Interactive Entertainment AG
Börsegasse 11/Lift 3/Top floor
A-1010 Wien
phone: +43 (0) 50 858-0
FAX: +43 (0) 50 858-16
mail: [email protected]
WWW: www.bwin.org
sector: Casinos & Gambling
ISIN: AT0000767553
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English

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