#1Allwyn J.P.Morgan Global High Yield and Leveraged Finance Conference 6-8 March 2023 For further information on our company, please visit our investor relations website: www.allwynentertainment.com allwyn ●#2Today's presenters 2 Kenneth Morton Chief Financial Officer Allwyn Joined KKCG in 2019 and Allwyn in 2020 20+ years of experience Prior positions include Head of Corporate Finance at KKCG and Executive Director at Morgan Stanley KKCG / Morgan Stanley Iva Horcicova Head of Capital Markets Allwyn Joined Allwyn in 2021 10+ years of experience Prior positions include investment analyst at Napier Park Global Capital and investment banker at ING ING NAPIERPARK allwyn#301 allwyn Introduction to Allwyn#4Allwyn at a glance - leading lottery operator... 4 Leadership Scale Financial strength (Consolidated)5 Diversified business (Pro-rata) 6 1) 2) 3) 4 5 #1 lottery operator across 5 markets¹ 6) 7) €3.7bn LTM Q3'22 consolidated gross gaming revenue Lottery €1,168m LTM Q3'22 adj. EBITDA Split by product6,8 iGaming 64% 11% LTM Q3'22 GGR 11% > 0 14% Source: Company information, Management estimates (subject to material change) Based on market data sourced from H2GC Camelot 2021/22 gross ticket sales results Adult population playing lottery in Austria (84%), Czech Republic (73%), Greece (56%), Italy (34%), as of 2019 Population of Austria, Cyprus, Czech Republic, Greece and Italy, as of 2020 Sports betting VLT and Casinos Austria 84% Up to surveyed adult population play lottery¹, 3 52% LTM Q3'22 adj. EBITDA margin Split by geography6,8 34% Figures shown on consolidated basis Figures are calculated as pro rata for Allwyn International a.s.' economic interest in group operating companies at end of period Q3'22 Cash conversion calculated as (Adj. EBITDA - capex) / Adj. EBITDA; capex = acquisition of property, plant and equipment and intangible assets Czech Republic 15% 8) 9) 10 11) 12) LTM Q3'22 GGR 23% 28% Greece and Cyprus Italy 91m population in Allwyn's operating markets¹, 4 ~96% LTM Q3'22 cash conversion7 Online share (Q3'22) 8 31.1% 46.0% 25.0% Recent Developments Incoming Licensee for the 4th UK National Lottery License ¹0 and acquisition of Camelot UK (current operator) ¹1 £8bn 2021/22 Sales² 67m Total population¹ Agreement to acquire Camelot Lottery Solutions¹2 with a private lottery contract in Illinois and advisory contract in Arkansas Split based on pro rata gross gaming revenue ("GGR"); amount wagered x payout used as proxy for GGR for Lottoltalia; Lottoltalia's revenue consists of revenue from contract with customers, calculated as 6% of amount wagered. Austria: excludes casinos and land-based sports betting. Greece: includes Stoiximan On 20th September 2022, Allwyn was formally awarded the Fourth License to operate the National Lottery for a decade starting February 2024 On 5th February 2023, Allwyn completed the acquisition of Camelot UK Lotteries Limited On 22nd December 2022, Allwyn announced that it has agreed to acquire the Camelot Lottery Solutions group of companies iGaming includes online casino, online slots, online poker, online bingo and other online only; online sales of products which are also sold through physical retail channel included under respective product allwyn#5... positioned in the sweet spot of the lottery ecosystem... LO 5 Product and technology suppliers Provide instant game products and systems technology for draw- based games, e.g. powerball SGI SCIENTIFIC GAMES intralot POLLARD banknote limited IGT. neogames Ⓡ Technology and services CAMELOT FDJ National or local government that oversees lottery within a jurisdiction Consumer-focused lottery operators Operate lottery on behalf of government, managing brand and point of sale network allwyn Sazka SAZKA AT Government entities Sazka Sazka Licenses and regulation ANA Up to 84% of adult population in certain operating markets' 050-0015985-050 KARTY 7-11-21 PERA Online sales Consumers 20Kč 742192608 1) Based on market data sourced from H2GC, Adult population playing lottery in Austria (84%), Czech Republic (73%), Greece (56%), Italy (34%), as of 2019 50000 5874 The Lottery Corporation 1000 POLLARD banknote limited Agency agreements Land-based sales Retailers and agents Retailers' kiosks, convenience stores, supermarkets, outlet stores sazka 12 Hal KATI PATY Sazka VYA MOBIL 567 11 12 13 14 allwyn#6... benefitting from the attractiveness of the lottery market 6 CO Large addressable Lottery market, 1.2x¹ larger relative to Casino, Sport Betting and iGaming combined 1) 2) Fast growing market projected to grow at +6%2 CAGR between 20A and 25E driven among others by iLottery Lottery's characteristics contribute to sector resilience, demonstrated by positive performance throughout the COVID-19 and Global Financial Crisis Benefitting from a more favourable ESG profile and public perception versus other gaming segments Lottery appeals to wide range of demographics leading to high participation rates, creating strong basis for cross selling Favourable industry structure, with Allwyn uniquely positioned Exclusive long term licenses and high barriers to entry Source: H2GC Based on Global sales / win (2019, $bn) Global annual lottery wagers ($bn) allwyn#7Allwyn is offering a broad range of gaming products via physical retail and online channels... ✓ Product currently offered Lotteries 7 LOGOS $$$ 2) 4) ... iGaming¹ National jackpot game Pan-European jackpot game Fast game Annuity game Other numerical lotteries Instant lotteries Sports betting VLTS and casinos Physical retail ✓ ✓ Austria n/a ✓ ✓ Online n/a Czech Republic Physical retail wwwxxxxxxxx n/a Online ✓ ✓ Current Allwyn Offerings Greece & Cyprus² ✓ n/a Physical retail n/a ✓ Online Launch expected Launch expected Launch expected n/a Physical retail Source: Company information iGaming includes online casino, online slots, online poker, online bingo and other online only; online sales of products which are also sold through physical retail channel included under respective product In Cyprus OPAP only offers numerical lotteries and sports betting On 20th September 2022, Allwyn was formally awarded the Fourth License to operate the National Lottery for a decade starting February 2024. On 22nd December 2022, Allwyn announced its acquisition of Camelot Lottery Solutions from OTPP. ✓ n/a Italy Online n/a UKNL Assets United Kingdom³ Physical retail Online ✓ ✓ Illinois Lottery United States4 Physical retail Online Launch expected Launch expected allwyn#8supported by strong owned brands, largely exclusive long-term licences and well- established regulatory relationships cementing structural barriers to entry 8 Brands owned by Allwyn Unaided brand awareness L POS network³ A Exclusive licenses/ Dominant position No public tender No material upfront license fee Long-term lottery concessions (Length including extensions) Austria CASINOS AUSTRIA LOTTO 87% 5,100 tipp3 One per 1,745 pop. (Since 1986) 6 15 years Domestic casinos: 6 licences in 2027 and 6 licences in 2030 Lotteries: 2027 Czech Republic 2) OPAP and Stoiximan brands owned; some game brands owned by the Greek state 3) Population data sourced from H2GC sportka Sazka BET Sazka 78% 12,500 One per 856 pop. 7 Sazka LOSY Dominant position N/A Source: Company information 1) On 20th September 2022, Allwyn was formally awarded the Fourth License to operate the National Lottery for a decade starting February 2024. 7) Greece and Cyprus opap Stoiximan 100% 13,000 One per 892 pop. (Since 1958) Upfront fee paid Up to 30 years Numerical lotteries: 2030 Instant lotteries: 2026 VLTS: 2035 Offline sports betting: 2030 Horse racing: 2036 Italy Owned by the regulator GIOCO DEL LOTTO 81% 33,600 One per 1,792 pop. (Since 1993 through JV partner) Next in 2025 Upfront fee paid 9 years Fixed odds numerical lotteries: 2025 United Kingdom¹ Owned by the regulator N/A 44,0004 One per 1,525 pop. Next in 2034 10 years (4UKNL expires in 2034) Based on Camelot's disclosed retail partners Based on 100% market share in jackpot lotteries as per Company data Concessions in Austria are awarded based on §14 GSPG (Lottery-Licence) / 821 GSpG(Casino Licence): the Minister of Finance is required to perform a public search for potential interested parties (Interessentensuche), which is required to be transparent and non-discriminatory Based on 100% market share in jackpot lotteries as per Company data Total / Average High brand awareness 64,200 (excl. UK) One per 1,424 pop. allwyn#9Continuing to execute the strategy that has driven our growth to date 9 1 High Performance Teams Local focus supported by international expertise, providing attractive scope for talent growth Source: Company information 2 Innovation Expansion of our lottery games portfolio, iGaming and sports betting allwyn M 3 Digitization Transforming our CRM, making games more engaging, relevant, and safe, and registering users 4 Efficiency Digitally and operationally driven ..... 5 Responsible Gaming/ESG ESG is absolutely key to success in lottery 6 Inorganic Growth Strong track record of acquiring businesses with attractive potential and creating value by improving their performance and applying our operating techniques allwyn#10Allwyn has consistently delivered balanced organic and inorganic growth Pro rata NGR (€m) 10 440 2016A 25 +6% Source: Company information +36% 131 LOTTOITALIA +30% 597 2017A 65 +11% +37% 157 2 Österreichische LOTTERIEN G CASINOS AUSTRIA +26% 819 2018A 51 +6% +17% ·•● 90 opap +11% 960 2019A 202 (9%) (21%) Organic growth (%) 119 Stoiximan Österreichische LOTTERIEN G CASINOS AUSTRIA +12% +10% CAGR 877 2020A Inorganic growth (%) 221 +33% +25% 66 на орар CASINOS AUSTRIA +8% 1,165 2021A 2019A-2021A CAGR (%) allwyn#11Delivering on our growth strategies – organic growth Compounded top-line growth and consistent margin expansion 11 GGR (€m)¹ Adj. EBITDA (€m)² 1,246 2019A 211 2019A Austria CAGR: (4.4%) CAGR: 0.1% 1,139 Heavily COVID Impacted 2021A 211 2021A (1) (2) Adjusted EBITDA except for Stoiximan and data prior to 2019A (3) Greece 2019 EBITDA* excluding Stoiximan STX 2019 EBITDA and GGR *data are based on management accounts 121 Note: Financials presented on a 100% basis. For Italy, NGR shown. NGR for Italy corresponds to "Revenues from contract with customers" 2012A Czech Republic 36 2012A CAGR: 14.4% CAGR: 13.3% 408 2021A 111 2021A 1,220 2013A 222 2013A OPAP CAGR: 4.8% CAGR: 10.5% Greece and Cyprus 2020 and 2021 heavily COVID impacted 1,620 2019A 405³ 2019A Stoiximan 4 201 2019A 17 2019A CAGR: 31.1% CAGR: 105.8% 345 2021A 72 2021A 449 2017A 342 2017A Italy¹ CAGR: 2.7% CAGR: 4.6% 500 2021A 409 2021A allwyn#12Delivering on our growth strategies - organic growth (cont'd) 3 key pillars of our organic growth strategy 12 1 Retail Lottery ✓ Product innovation ✓ De-anonymization through customer registration ✓ New product launches allwyn 2 Digital Lottery ✓ New users ✓ Grow customer spend ✓ Product innovation 3 Cross Sell ✓ Build on trusted brands, lottery customer base and channels ✓ New product launches ✓iCasino and Sportsbook current focus allwyn#13Delivering on our growth strategies - inorganic growth Allwyn benefits from a differentiated and favourable position in the lottery competitive landscape 13 B2B technology suppliers SC SCIENTIFIC GAMES IGT. intralot neogames State-owned lotteries VEIKKAUS NEDERLANDSE LOTERIJ LOTERÍAS YAPUESTAS DEL ESTADO calottery NEW YORK LOTTERY Public / partially privatised domestic champions FDJ The Lottery Corporation Sisal Diversified multi-national B2C allwyn CAMELOT allwyn#14Delivering on our growth strategies - inorganic growth (cont'd) We have historically invested a large portion of the cash flow that our businesses generate in expanding our footprint through tenders and acquisitions Key inorganic growth strategies • New market entries via tender (e.g. Italy, UK) Increasing our interest in key group entities (OPAP, CASAG, Stoiximan, Betano), often in several stages • Bolt-ons in complementary products, geographies and technologies (Stoiximan, Camelot Lottery Solutions) Key acquisitions and new market entries 14 3) 2012 ¹ 2013 *opap 2015 2 Österreichische LOTTERIEN CASINOS AUSTRIA 2016 LOTTOITALIA On 20th September 2022, Allwyn was formally awarded the Fourth License to operate the National Lottery for a decade starting February 2024. On 5th February 2023, Allwyn completed the acquisition of Camelot UK Lotteries Limited On 22nd December 2022, Allwyn announced that it has agreed to acquire the Camelot Lottery Solutions group of companies. Transaction expected to close in Q1-23. E 2020 Stoiximan kaizen 2023 1,2,3 CAMELOT Camelot Lottery Solutions allwyn#15Allwyn awarded the Fourth UK National Lottery Licence and agreed to acquire Camelot UK UK Lottery Market Overview (2021)² UK National Lottery Overview¹ • State-licensed national lottery; established in the UK in 1994 • FY21/22 (ending Mar-22) sales of £8.1bn and EBITDA of c. £140m Extensive retail network; ~44.5k retailers represent ~60% of sales Europe's largest online lottery by sales; > 10.1m active registered players ~94% of the UK population live or work within 1 mile of a National Lottery Terminal Online sales accounted for more than a third of all sales in FY21/22 ● ● ● ● 15 28 Aug 2020 4th National Lottery licence competition was launched Source: Company information, UK Gambling Commission 1) Based on Camelot disclosure as per FY2021A public financial reporting Based on market data sourced from H2GC Adult Population 26 Oct 2020 Invitation to Apply issued to all applicants who passed initial Selection Questionnaire GDP Lottery Ticket Sales/ Adult 19 Oct 2021 Final applications submitted by 4 groups: Camelot, Allwyn, Sisal, and The New Lottery Company; which is the largest number of applicants since the lottery's founding 56.5m 15 Mar 2022 Allwyn announced as the Preferred Applicant for the Fourth National Lottery licence €2,638bn License Competition Milestones The Gambling Commission, as the regulator of the National Lottery, issues the licence to operate the lottery €176 20 September 2022 Allwyn formally awarded the Fourth National Lottery Licence 19 November 2022 Allwyn announced the agreement to acquire Camelot UK, the 3rd Licence operator O 55.2m €2,462bn €267 52.5m 5 February 2023 Allwyn completed the acquisition of Camelot UK €1,775bn €354 February 2024 Start date for Fourth National Lottery licence which will last 10 years allwyn#16Allwyn agreed to acquire Camelot Lottery Solutions Private lottery manager in Illinois and iLottery technology, content and services provider to lotteries in the US and Europe Products & Services Offered • Headquartered in Chicago with offices in Athens and London Contracts: ● Private manager of the Illinois Lottery 16 advisory services to the Arkansas Lottery, and • Technology products and solutions: B2B digital (iLottery) technology and games in Illinois, the United Kingdom, Switzerland and Ireland - Proprietary iLottery systems, extensive catalogue of digital games, a Remote Gaming Server and in-lane retail solution FY21/22 ending Mar-22 reported revenue of £136.5m¹ 1 2 3 Operate and Advise Lotteries Build and Support iLottery Platforms Create Engaging Digital Game Content ● ● ● Private Manager of the Illinois Lottery Commercial operating partner for the Arkansas Scholarship Lottery Long-standing iLottery technology experience, supplying lotteries in the UK, Ireland, Switzerland and Illinois THE NATIONAL LOTTERY® 1) Revenue reported by Camelot Global Lottery Solutions Limited Group,, parent company of entities to be acquired National Lottery O LOTERIE ROMANDE Illinois LOTTERY • Extensive library of digital games and delivery mechanism (Remote Gaming Server) allwyn#17Allwyn embraces ESG Our mission is to be a trusted and proactive guardian of all that is good in lotteries and casual gaming entertainment 17 To create opportunities for all To lead in player safety Employee of choice Compliance on all levels Responsible governance Player protection of the highest quality inclusion Diversity & *1950° Business Ethics & compliance safety health & Occupational Safer gaming & player protection OTO Engaged workforce PLAY PEOPLE allwyn where we all win Ca Talent attraction & development Impact of scale sponsorships PARTNER PLANET & Sustainable supply chain To change lives for the better 099 engo comment Sustainable use of resources Resource consumption communities Strong Energy consumption & greenhouse gas emissions Climate minimize environmental hart 1 In June 2022, we published our first ESG report (following several CSR reports), showcasing our ESG strategy Our ESG strategy is based on "4Ps": 2 3 4 Playing Responsibly To lead in player safety Partnering for Impact To change lives for the better Empowering People To create opportunities for all Respecting the Planet To minimize environmental impact allwyn#18ESG initiatives - some examples 18 allwyn Source: Company Information Czech Republic Austria Greece and Cyprus Supporting communities Supporting sport • Long term supporter of the Czech Olympic team Supporting culture ● Partner of the Wiener Festwochen multidisciplinary arts festival since Supporting health 1968 Supporting the renovation of the oldest and largest children's hospitals since 2014 Customer focused safety initiatives ● ● Promoting responsible gaming ● Play wisel a project launched by SAZKA, informs, allows self- testing and gives advice to players regarding responsible gambling (e.g. limits) with tutorials and explanations SAZKA also offer self-exclusion, where the customer can request termination no earlier than one year after self- exclusion is requested Providing training for retail partners All new Austrian Lotteries retail partners are required to complete a Responsible Gaming Basic Training course prior to commencement of their contract Additionally, all retail partners receive face-to-face responsible gaming training at least once a year Protecting players with time and stake limits Only customers who have set up a gaming card and set a self- imposed limit on time and money spent are allowed to play in OPAP'S PLAY Stores, with a maximum bet per spin of €2 for all games conducted via Video Lottery Terminals allwyn#1902 Historical financials allwyn#20Allwyn enjoys highly attractive financial characteristics 20 1) 3 Strong growth track record High profitability Variable cost structure High cash conversion Conservative balance sheet 94% Consolidated Adj. EBITDA Growth LTM Q3 2022 vs FY 2019¹ 52% LTM consolidated Q3'22 Adj. EBITDA margin >85% Variable cost base LTM Q3'22² 96% LTM consolidated Q3 2022 cash conversion³ 1.7x PF Consolidated Net Debt / LTM Q3'22 Adj. EBITDA4 Calculated as consolidated LTM Adjusted EBITDA Q3 2022 vs. full year consolidated 2019 Gaming taxes, agents' commissions, marketing expenses, materials and consumables Defined as (Adj. EBITDA - Capex)/ Adj. EBITDA. Calculated as consolidated net debt post IFRS16 (including leases) of €1,979m (pro forma for new senior bank financing and €200m dividend payment) divided by consolidated Q3'22 LTM Adjusted EBITDA post IFRS16 of €1,168m allwyn#21LTM September 2022 financials summary Strong performance throughout the LTM Q3-22 with substantial growth compared to pre-pandemic levels Strong NGR growth of 21.6% CAGR between 2019 and Sept 2022 driven by both organic and inorganic growth • Clean EBITDA with only small adjustments Adjusted EBITDA margin expansion above 50% primarily due to tax prepayment in Greece and successful restructuring program in Austria ● ● ● 21 N Very low capex requirements resulting in cash conversion consistently well above 90% Note: 2021 figures restated for treatment of Stoiximan GGR and adjustment for arbitration gain. Pro rata calculation based on economic ownership as at each respective period end Calculated as Adj. EBITDA/NGR Calculated as (Adj. EBITDA - Capex)/Adj. EBITDA 1) 2) 3) NGR 1,311 FY19 Adjusted EBITDA 46.0% 603 566 FY19 Key consolidated financials EBITDA Margin² 1,213 FY20 FY19 FY20 Adjusted FCF (Adjusted EBITDA - Capex) 93.8% 91.4% 44.4% 538 492 FY20 Cash Conversion ³ CAGR [x] 1,829 FY21 52.9% 967 FY21 94.8% 917 FY21 19-LTM Q3-22 CAGR 2,246 LTM Q3'22 52.0% 1,168 LTM Q3'22 95.8% 1,119 LTM Q3'22 CAGR 21.6% CAGR 27.2% CAGR 28.1% allwyn#22Variable cost structure with over 85% operating expenses linked to revenue 22 ● Substantial portion of cost base is variable • All / majority of lottery and gaming related taxes, agents' commissions and materials, and consumables and services are directly linked to revenues • Substantial portion of marketing expenses is discretionary in the short to medium term Source: Company information Group split of operating expenses on a consolidated basis LTM Q3'22 (€m) Gaming taxes Agents commissions Materials, consumables and services Marketing services Personnel expenses Other operating expenses Variable or discretionary costs 7% 17% 11% 229 512 344 17% 513 81 3% >85% variable costs 1415 46% allwyn#23Rapid deleveraging and limited maturities in the coming 4 years We continue to proactively manage the capital structure 1 Debt maturity profile as of 5 March 2023 (consolidated, €m) ¹ 1200 1000 800 600 400 200 0 4.0x 3.0x 2.0x 1.0x 0.0x 1) 2) 3) 23 2023 2.8x 42 Dec' 19 300 104 2024 Consolidated net debt/ LTM adjusted EBITDA (as reported) 2 53 104 2025 Bank loans 3.6x 381 Dec '20 116 2026 EUR bond 350 500 116 2027 Opco drawn debt 1.6x 2 Dec '21 400 428 2028 2 213 2029 Despite spending > €1bn on M&A activities3 between FY19 and Sep'22, net leverage declined by 1.3x in this period 1.5x Sept' 22 -Net leverage Par value of debt instruments excluding lease liabilities Assumes refinancing of the CZK6bn bond maturing in 2024 with committed bank facility maturing in 2027 and 2028, CZK2bn have already been repaid, CZK1.1bn to be repaid in March 2023 Includes value of OPAP dividends reinvested through scrip dividend programme Split by Fixed / Floating 1,2 49% 51% ■ Floating Fixed Split by instrument ¹,2 Allwyn RCF Allwyn bank term loans Opco RCFS Total committed and undrawn facilities 21% 13% ■Bank loans FRNS >> Opco local bonds 6% XXXXXX Committed and unused facilities as of 5 March 2023 (€ millions) 300 26% 479 ■SSNs > Opco loans Capacity Drawn Undrawn 34% 180 0 120 733 479 1,332 allwyn#2403 allwyn Concluding remarks#25Key credit highlights 25 1) 1 2 3 4 5 6 Focus on the attractive lottery segment, characterised by resilient demand through economic cycles and COVID-19 pandemic, favourable ESG profile Leading multi-national lottery operator with significant scale, diversification across geographies, products and channels, strong growth track record, attractive online momentum and cross-sell potential to other gaming verticals Strong owned brands, largely exclusive long-term licences and well-established regulatory relationships cementing structural barriers to entry Operating in established and regulated gaming markets with stable regulatory regimes and well-established regulatory relationships Best-in-class management team, with a demonstrated track record of delivering strong organic and inorganic growth and cost efficiencies, with backing from a strong long-term shareholder Strong financial fundamentals underpinned by variable cost structure, high margins and highly cash generative business model with ~95% cash conversion¹ Defined as (Adjusted EBITDA less Capex) / Adjusted EBITDA. allwyn#2604 Appendix allwyn#27Simplified corporate structure As of 30 September 2022 pro forma for November bank loan financing and recent accordion facilities 27 €400m 4.125% FRNS 100% Syndicated bank loan Term Loan A Term Loan B RCF Accordion facilities Allwyn Entertainment Ltd. allwyn Q3'22 (EURM) 397 (EURM) 290 290 300 335 allwyn Entertainment Financing (UK) plc 59.7% Fully consolidated CASAG CASINOS AUSTRIA Österreichische LOTTERIEN Cash: €305m Debt: €83m KKCG 100% ordinary shares allwyn AG 100% allwyn International a.s. Cash €166m SAZKA a.s. 100% Fully Consolidated Sazka Bonds Cash: €37m Debt: - €500m 3.875% SSNS €300m 4.125% SSNS CZK6bn 5.2% Czech Notes Source: Company information The Guarantee facility provides credit support towards the obligations of Allwyn International a.s. to Allwyn Entertainment Ltd. in connection with the UK National Lottery license As of September 2022, excluding OPAP treasury shares Deposits based on cash pooling arrangements with Lottomatica Q3'22 (EURM) 500 300 252 50.1% (2) Fully consolidated OPAP S.A. opap Stoiximan Cash: €596m Debt: €843m 1 1 1 1 T 1 32.5% Equity-accounted LOTTOITALIA LOTTOITALIA Cash: €173m (3) Debt: - allwyn#28Consistent track record of dividend flow from operating entities based on controlling stakes and shareholders agreements CASAG and Austrian Lotteries ● Austria ● ● Sazka Group has a shareholder agreement with the second largest shareholder OBAG (Austrian government investment vehicle) and together own more than 90% stake in CASAG Group Dividend policy defined in SHA: Dividend pay-out ratio of 60-70% of consolidated net income OPAP and SAZKA Delta Greece and Cyprus Management and Board control Dividend policy: Dividend distributions that exceed Net Profit with a minimum of €1.00 DPS Sazka a.s. ● ● 100% ownership 0 Lottoltalia Czech Republic Italy Dividend policy defined in JV agreement: Dividend pay-out ratio of 100% of net income 1) Calculated as Adj. FCF / Adj. EBITDA. 2) Dividends upstreamed based on Allwyn economic interest at end of each quarter. 28 Quarterly distribution of capital reserves Pro rata Adj. Free Cash Flow (Adj. EBITDA - Capex) 90.9% 315 FY2018 208 Austria FY2018 93.5% 392 FY2019 1 Czech Republic 191 90.9% Dividend and cash upstreamed to Allwyn International a.s. ² FY2019 332 FY2020 Greece & Cyprus Italy 275 136 139 FY2020 94.6% Cash Scrip 564 FY2021 ■Corporate 281 83 197 FY2021 95.9% 537 9M 2022 Cash Conversion¹ 453 83 370 9M 2022 allwyn#29Dividends and distributions €m Dividends and cash upstreamed - 100% basis Austrian Lotteries CASAG Lottoltalia OPAP SAZKA Dividends and cash upstreamed - pro rata to interest at the end of each quarter of which cash of which OPAP dividend taken as scrip Dividends and cash upstreamed - pro rata to interest as of 30 September 2022 of which cash of which OPAP dividend taken as scrip 29 2) 9.45% directly held stake. CASAG also holds a 73.8% stake in Austrian Lotteries Net of treasury shares Ownership At end of period 9.5%¹ 59.7% 32.5% 50.1%² 100.0% 2019 120 15 351 165 19 191 191 234 234 2020 177 I 237 420 38 275 139 136 337 142 195 2021 91 I 316 222 81 281 197 83 301 197 104 9M 2022 120 45 298 491 73 454 370 83 454 370 83 Q3 2022 45 23 491 24 304 221 83 304 221 83 allwyn#30Summary of adjustments to EBITDA Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate - Allwyn International Adjustments to Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate Allwyn International Adjusted EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate - Allwyn International 30 Standalone, 100% (€m) 0 2019 211 95 413 396 (27) 1 10 211 95 413 396 (17) 2020 147 84 260 311 (30) (4) (2) 66 15 143 82 326 311 (15) 2021 232 107 555 409 (14) (21) 4 23 7 211 111 578 409 (7) 9m 2021 151 81 380 315 (15) (1) 4 14 1 4 150 85 394 315 (11) 9m 2022 209 92 538 275 (23) 0 4 1 17 201 92 541 275 (6) I I Austria adjustments i Casino Linz insurance gain + restructuring non- personnel costs Argentina arbitration gain I I I Czech Republic adjustments Gain from cancellation of obligation to acquire entity I I I I ! Charitable donation to support disaster relief and other iTotal Czech Republic adjustments i Greece and Cyprus adjustments I I Hellenic Lotteries minimum gaming tax adjustment I EBITDA Adjustments Breakdown Other Total Austria adjustments I Litigation provision COVID-19 related extraordinary costs Other non-recurring costs and write-offs Total Greece and Cyprus adjustments I I I Corporate adjustments - Allwyn International I UK National Lottery transition costs Business development and financing Arbitration gain !Total Corporate adjustments - Allwyn International I I 2019 1 1 11 1 1 | (16) 17 1 10 10 2020 (4) ¦ ¦ (4) (2) (2) 38 5 10 13 66 15 15 2021 (1) (16) (4) (21) 1 4 4 25 (1) (4) 23 20 (13) 7 9m 2021 9m 2022 (1) (1) (1) 4 4 19 (1) (4) 0 14 18 (13) 4 i (7) (1) (7) 1 1|1 1 1 4 (1) 4 10 7 17 allwyn#31Alternative performance measures This presentation includes non-IFRS performance measures, including Net gaming revenue ("NGR"), Operating EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Capex, Adjusted Free Cash Flow ("Adjusted FCF"), Cash conversion and pro rata financial information. For NGR, Operating EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, and Capex, please refer to Allwyn International's Preliminary Unaudited Financial Results and Update on Current Trading and Management's discussion and analysis of financial condition and results of operations dated 8 December 2022 that include definitions of these non-IFRS measures and reconciliations to the most directly comparable IFRS measures. Adjusted Free Cash Flow ("Adjusted FCF") and Cash conversion are defined in this presentation. Pro-rata ownership % indicates the effective economic interest of the Company in each entity as of the date of our most recent financial statements, which is assumed to have been held throughout the previous twelve months. As there are no generally accepted accounting principles governing the calculation of non-IFRS financial and operating measures, other companies may calculate such measures differently or may use such measures for different purposes than we do, and therefore you should exercise caution in comparing these measures as reported by us to such measures or other similar measures as reported by other companies. These measures may not be indicative of our historical operating results or financial condition, nor are such measures meant to be predictive of our future results or financial condition. Even though the non-IFRS financial measures are used by management to assess our financial position, financial results and liquidity and these types of measures are commonly used by investors, they have important limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our financial position or results of operations as reported under IFRS 31 allwyn#32Disclaimer This presentation was produced by Allwyn International a.s. This presentation is not to be reproduced or distributed, in whole or in part, by any person other than Allwyn International a.s. This presentation does not represent an offer for, or constitute or form part of, and should not be construed as, an advertisement, recommendation or an invitation to subscribe for or to purchase securities of, Allwyn International a.s. or its subsidiaries. This presentation does not form, and should not be construed as, the basis of any credit analysis or other evaluation, or as providing an investment or lending recommendation, advice or valuation or a due diligence review. The information contained in this presentation is for informational purposes only. This presentation may include forward looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which we operate including, without limitation, the integration and anticipated benefits of our recent acquisitions of Camelot UK Lotteries Limited and the Camelot Lottery Solutions group of companies. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as "guidance," "may," "could," "should," "will," "expect," "intend," "estimate," "anticipate," "assume," "believe," "plan," "seek," "continue," "target," "goal," or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and/or depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that the actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially (positively or negatively) from those made in or suggested by the forward-looking statements contained in this presentation. In addition, our historical results or developments may not be indicative of results or developments in future periods. We do not undertake any obligation to review, update or confirm expectations or estimates contained herein or to release publicly any revisions to any forward-looking statements contained herein in order to reflect events that occur or circumstances that arise after the date of this document. No warranty or representation of any kind, express or implied, is or will be made in relation to, and to the fullest extent permissible by law, no responsibility or liability in contract, tort, or otherwise, is or will be accepted by us or any of our officers, employees, advisers or agents, or any other party, as to the accuracy, completeness or reasonableness of the information contained in this presentation, including any guidance, opinions, forecasts or projections. Nothing in this document shall be deemed to constitute such a representation or warranty. Any estimates and projections in this presentation were developed solely for our use at the time at which they were prepared and for limited purposes which may not meet the requirements or objectives of the recipient of this presentation. Nothing in this document should be considered to be a forecast of future profitability or financial position, and none of the information in the document is or is intended to be a profit forecast or profit estimate. We are not providing any advice herein (whether in relation to legal, tax or accounting issues or otherwise). You should seek legal, tax, accounting and any other necessary advice from your advisors in relation to the contents of this presentation. This presentation has not been approved by any regulatory authority and does not represent financial statements or an annual report within the meaning of applicable Czech law. allwyn 32