{
  "docId": "019de070-cf61-7509-8779-87f75f815a78",
  "docSlug": "fbcfd0be1d89e87e8264626e31b9e4a6",
  "documentTitle": "DraftKings | Investor Day Presentation Deck | 45 slides",
  "authorId": "draftkings",
  "authorName": "DraftKings",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 39,
  "pageCount": 45,
  "prevPage": 38,
  "nextPage": 40,
  "slideType": "revenue_buildup",
  "function": "show_valuation_bridge",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The slide uses a waterfall bridge to explain the path from revenue components to EBITDA.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de070-cf61-7509-8779-87f75f815a78/39",
  "deckHref": "/decks/019de070-cf61-7509-8779-87f75f815a78",
  "deckJsonHref": "/decks/019de070-cf61-7509-8779-87f75f815a78.json",
  "deckAnchorHref": "/decks/019de070-cf61-7509-8779-87f75f815a78#slide-39",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Waterfall chart showing Net Revenue, COGS, Gross Profit, External Marketing, Contribution Profit, SG&A, Synergies, and Adjusted EBITDA.",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ac0bda4-8b7f-4cb9-8be6-7ec28c19a806",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.82
      },
      "kind": "paragraph",
      "text": "Assumes 65% of U.S. population has live OSB and 30% of U.S. population has live iGaming, and then rolls forward 5 years to \"maturity\". Assumes DKNG has 25% and 17.5% market share in U.S. OSB and U.S. iGaming, respectively. Assumes 64% of Canada population legalizes OSB and iGaming and DKNG achieves 15% share across OSB and iGaming; 50% flow through of DKNG's Canada net revenue to EBITDA. SG&A at scale in most functions; will continue to invest in product & technology functions to drive differentiated user experience. Only includes existing product verticals.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1884155-5df1-479c-b47f-420abf150321",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Note: Figures may not foot due to rounding. (1) Includes B2B, media, and retail revenue streams. (2) Assumes 64% of Canadian population has access to legalized OSB and iGaming with DraftKings achieving 15% market share. Net of promotional allowances (22% of gross revenues). (3) Assumes 30% of U.S. population has access to legalized iGaming with DraftKings achieving 17.5% market share. Net of promotional allowances (22% of gross revenues). (4) Assumes 65% of U.S. population has access to legalized sports betting with DraftKings achieving 25% market share. Net of promotional allowances (22% of gross revenues). (5) Based on bottoms up build from internal management plan, analyzing fixed vs. variable vs. semi-variable cost centers. SG&A includes compensation and non-compensation costs for Sales & Marketing, Product & Technology, and G&A expenses.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "472b7580-f31c-4ac9-9451-108f10d7e638",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Increasing long-term Adjusted EBITDA estimate to $1.7B",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0c57cd2-16b7-4531-b52c-4d55c60c3fd8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "199356fe-5f21-4a96-981f-dffad4dcedc8",
      "evidence": "chart/waterfall-bridge: Waterfall chart showing Net Revenue, COGS, Gross Profit, External Marketing, Contribution Profit, SG&A, Synergies, and Adjusted EBITDA.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "waterfall-bridge",
      "slug": null,
      "matchId": "48482b26-dd84-4b32-aa07-29f1deda8b2d",
      "evidence": "The chart visually bridges revenue components to EBITDA.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}