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Financial Targets

Growth

Long-term organic growth that outperforms the online gaming market

Profit

Long-term EBITDA margin of no less than 15% assuming that 100% of revenue will be generated in locally regulated markets subject to gambling tax

Dividend

To pay a dividend, over time, of at least 50% of profit after tax

Leverage

LeoVegas leverage ratio (net debt to adjusted EBITDA) shall not, over the long term, exceed 1.0x. LeoVegas may, under certain circumstances, choose to exceed this level during short time periods in connection with, for instance, larger acquisitions or other strategic initiatives.