FTSE COMPANY REPORT Share price analysis relative to sector and index performance

Gfinity GFIN Travel and Leisure — GBP 0.0415 at close 27 September 2021

Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 27-Sep-2021 27-Sep-2021 27-Sep-2021

0.07 160 170 1D WTD MTD YTD Absolute 2.5 2.5 -10.8 9.8 150 160 0.06 Rel.Sector 0.8 0.8 -17.7 -3.9 Rel.Market 2.3 2.3 -9.8 -0.9 140 150 0.05 130 140 VALUATION 0.04 120 130 Trailing

0.03

Relative Price Relative Price Relative 110 120 PE -ve

Absolute Price (local (local currency) AbsolutePrice 0.02 100 110 EV/EBITDA -ve PB 8.7 0.01 90 100 PCF -ve 0 80 90 Div Yield 0.0 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Price/Sales 9.3 Absolute Price Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.1

90 90 90 Div Payout 0.0 80 80 80 ROE -ve

70 70 70

Share Index) Share

Share Sector) Share - - 60 60 60 DESCRIPTION 50 50 50 40 The Company is the leading UK-based eSports 40 40 RSI RSI (Absolute) 30 company serving the rapidly- growing community of competitive gamers worldwide.

30 20 30

20 10 20

RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 10 0 10 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021

Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Gfinity 27 September 2021

Valuation Metrics

Price to Earnings (PE) EV to EBITDA Price to Book (PB)

31-Aug-2021 31-Aug-2021 31-Aug-2021 1 1 25 ‖ ‖ 0.9 0.9 0.8 0.8 20 0.7 0.7 0.6 0.6 15 0.5 0.5 +1SD 0.4 0.4 10 0.3 0.3 Avg 0.2 0.2 5 0.1 0.1 -1SD 0 ‖ ‖ 0 ‖ ‖ 0 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020

Flutter Entertainment 120.0 Travel and Leisure 100.0 SSP Group 16.7 Hollywood Bowl Group 120.0 Ten Entertainment Group 100.0 13.8 Entain 120.0 The Gym Group 66.8 Gfinity 8.7 888 Holdings 120.0 On The Beach Group 66.2 International Consolidated Airlines Group 7.4 Dominos Pizza Group Marstons 46.5 60.6 Stagecoach Group 6.5 Gfinity -5.4 InterContinental Hotels Group 48.8 Travel and Leisure 2.8 Travel and Leisure -6.5 Gfinity 0.0 Saga Wetherspoon(J D) -14.7 0.0 0.7 Mitchells & Butlers -15.7 PPHE Hotel Group 0.0 Carnival 0.7 Trainline -19.4 Group 0.0 InterContinental Hotels Group 0.0 Fuller Smith & Turner -26.0 Holdings 0.0 TUI AG 0.0 InterContinental Hotels Group -42.2 Fuller Smith & Turner 0.0 Dominos Pizza Group 0.0 -60 -40 -20 0 20 40 60 80 100 120 140 0 20 40 60 80 100 120 0 2 4 6 8 10 12 14 16 18

Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS)

31-Aug-2021 31-Aug-2021 31-Aug-2021 1 1 15 ‖‖ ‖ ‖ ‖‖ 0.9 0.9 0.8 0.8 +1SD 0.7 0.7 10 0.6 0.6

0.5 0.5 Avg 0.4 0.4 5 0.3 0.3 0.2 0.2 -1SD 0.1 0.1 0 ‖ ‖ 0 0 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020

The Gym Group 80.0 Dominos Pizza Group 3.6 Trainline 15.0 Wetherspoon(J D) 80.0 888 Holdings 2.4 Fuller Smith & Turner 15.0 InterContinental Hotels Group 80.0 Group 2.2 Whitbread 11.0 Flutter Entertainment 29.1 Gfinity 9.3 Hollywood Bowl Group Travel and Leisure 0.2 28.1 On The Beach Group 7.8 Gfinity -7.9 Whitbread 0.0 Travel and Leisure 2.2 PPHE Hotel Group -22.5 The Gym Group 0.0 Group 0.8 Rank Group -26.4 PPHE Hotel Group 0.0 SSP Group -52.4 TUI AG 0.5 InterContinental Hotels Group 0.0 Fuller Smith & Turner -53.1 Stagecoach Group 0.4 Ten Entertainment Group -86.1 Gfinity 0.0 FirstGroup 0.2 Travel and Leisure -100.0 Cineworld Group 0.0 Go-Ahead Group 0.1 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 0.5 1 1.5 2 2.5 3 3.5 4 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing.

2 of 4 FTSE COMPANY REPORT: Gfinity 27 September 2021

Valuation Metrics

Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE)

31-Aug-2021 31-Aug-2021 31-Aug-2021 0.09 1 1 0.08 0.9 0.9 0.07 0.8 0.8 Avg 0.7 0.7 0.06 0.6 0.6 0.05 0.5 0.5 0.04 0.4 0.4 0.03 0.3 0.3 -1SD 0.02 0.2 0.2 0.01 0.1 0.1 0 ‖ ‖ 0 0 ‖ ‖ Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020

Cineworld Group 38.2 Dominos Pizza Group 100.0 Gamesys Group 13.7 SSP Group 17.1 Gamesys Group 19.3 888 Holdings 7.5 Stagecoach Group 15.1 FirstGroup 6.6 Whitbread 0.0 International Consolidated Airlines Group 12.5 Entain 1.9 Ten Entertainment Group 6.9 PPHE Hotel Group 0.0 Hollywood Bowl Group 1.6 Travel and Leisure 1.4 InterContinental Hotels Group 0.0 Travel and Leisure -36.0 Flutter Entertainment 0.3 Gfinity 0.0 SSP Group -50.0 888 Holdings 0.2 Cineworld Group -50.0 Travel and Leisure 0.0 Gfinity 0.1 International Consolidated Airlines Group -50.0 Hostelworld Group 0.1 Carnival 0.0 Gfinity -50.0 On The Beach Group 0.0 Go-Ahead Group 0.0 TUI AG -50.0 0 5 10 15 20 25 30 35 40 45 0 20 40 60 80 100 120 -60 -50 -40 -30 -20 -10 0 10 20

ROE vs. PB — sector Du Pont Analysis

18 2 1.2

16 SSPG 1 1

14 888 0 0.8 12

10 -1 0.6 PB GFIN 8 IAG -2 0.4 TRN 6 TEG CINEWIZZ BOWL JDW 4 -3 0.2 OTB ENT GYS FSTA RTNGYMTravel and Leisu RNK FLTR 2 PPHMARSEZJ GOGWTBPTEC -4 0 HSWNEXMAB CCLSAGA FGP 2017 2018 2019 2020 2021 0 TUI 0 2 4 6 8 10 12 14 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing.

3 of 4 FTSE COMPANY REPORT: Gfinity 27 September 2021

Brief description Brief description

Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price. Valuation History Outlier valuation data is not shown to scale as these would distort the chart. Instead, ∥ Return on Equity Return on Equity is net income over average common equity. Not calculated if Charts denotes valuation data which falls outside display truncation limits. (RoE) denominator (average common equity) is negative Top/Bottom Reflect data for up to five top and five bottom performers for the valuation metric in Dividend Payout Total dividends divided by Net Income expressed as a percentage. Valuation Bar question. Note data may be limited to the stock in question if there are currently no Charts stocks in the corresponding FTSE UK All Share sector. Net Margin Net Margin is Net Income divided by sales.

Gfinity 27 Sept ember 2021 For further information visit www.ftse.com, email [email protected] or call your local FTSE office:

Beijing +86 10 5833 2202 +44 (0) 20 7866 1810 Rio de Janeiro +55 (21) 3736 3726 Tokyo +81 (3) 3581 2811 Boston +1 888 747 FTSE (3873) Milan +39 02 3604 6953 San Francisco +1 888 747 FTSE (3873) Toronto +1 416 572 7979 Chicago +1 888 747 FTSE (3873) Mumbai +91 22 6649 4180 Seattle +1 888 747 FTSE (3873) Dubai +971 4 375 1868 New York +1 888 747 FTSE (3873) Shanghai +86 21 6058 9131 Hong Kong +852 2164 3333 Paris +33 (0)1 53 76 82 89 Sydney +61 (0)2 9293 2864

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