#1Q1 2021 RESULTS 14 June 2021 Sazka GROUP#22 Robert Chvatal, CEO Kenneth Morton, CFO Sazka GROUP#33 Business and strategic update Sazka GROUP#4Q1 2021 highlights ■ ■ 4 Strong Q1 2021 performance Best ever quarter for Austrian Lotteries, Czech Republic, Italy and Stoiximan, with very good top line performance and cost control Partially offset by closure of OPAP physical retail and casinos for substantially the whole period Consolidated data boosted by consolidation of CASAG and Stoiximan Key strategic developments include - Acquisition of additional 4.31% stake in CASAG (taking stake to 59.8% as of March 2021) Major restructuring of Austrian casinos well underway (€45m cost savings) - €500m Apollo investment in immediate parent company closed in March € millions GGR NGR Adjusted EBITDA Adjusted EBITDA margin Profit before tax Pro-rata LTM Adjusted EBITDA (pre IFRS 16)¹ Q1 2021 526.3 283.0 144.4 51.0% 48.1 360.3 Q1 2020² 405.3 1 Pre IFRS 16 basis. 2 Restated. Please see note 1 (g) of the Financial Statements and MD&A. 266.8 138.4 51.9% 43.4 397.7 A 30% 6% 4% -0.9 p.p 11% -9% Notes: The amount of the Apollo investment has been corrected since the original publication of this presentation. This presentation includes non-IFRS performance measures, including Amounts staked, Operating EBITDA, Adjusted EBITDA, Operating EBITDA margin, Adjusted EBITDA margin and pro-rata financial information. Please refer to slide 22. Sazka GROUP#5Quarterly business highlights Austria: GGR and Operating EBITDA reflect strong performance of Austrian Lotteries, while Austrian and international casinos impacted by closure and fixed employee costs ■ Austria Austrian Lotteries only: Q1 2021 GGR +24% YoY with new lottery initiatives and growth in online and iGaming, accelerating positive trend in Q4 5 ■ Czech Republic: Q1 2021 GGR +24% YoY with very strong lottery and iGaming performance and online momentum continuing from 2020 ■ - ■ Q1 Operating EBITDA +54% YoY driven by top line and cost control Q1 Operating EBITDA +34% YoY GGR and Operating EBITDA by entity (€ millions) and % change vs. PY -8% 309 Q1 20 GGR 0% 206 Q1 20 GGR 25% 77 Q1 20 GGR -28% 226 Q2 20 GGR 2% 192 Q2 20 GGR 0% 67 Q2 20 GGR -10% 323 Q3 20 GGR -3% 217 Q3 20 GGR 5% 75 Q3 20 GGR -22% 277 Q4 20 GGR 8% 235 Q4 20 GGR 12% 96 Q4 20 GGR -17% 257 Q1 21 GGR 24% 255 Q1 21 GGR 24% 96 Q1 21 GGR -36% 30 Q1 21 EBITDA 54% 57 Q1 21 EBITDA 34% 30 Q1 21 EBITDA Sazka GROUP#6Quarterly business highlights (continued) Greece and Cyprus¹: Q1 2021 GGR -47% due to agents' stores and gaming hall closures for almost all of Q1 ■ 6 ■ Operating EBITDA -29%, with top line impact mitigated by substantial contribution from Stoiximan, cost control and benefit from GGR tax prepayment ▪ Great performance at Stoiximan with GGR up 61% YoY in Q1 and EBITDA of €28m Equity method investees: Best ever quarter in Italy with EBITDA of €108m (100% basis) ■ Notes: 1 Includes Stoiximan as equity investee before 18 November and subsidiary thereafter GGR and Operating EBITDA by entity (€ millions) and % change vs. PY -17% 328 Q1 20 GGR Stoiximan 45% 64 Q1 20 GGR -53% 180 Q2 20 GGR 0% 45 Q2 20 GGR -1% 391 Q3 20 GGR 28% 66 Q3 20 GGR -48% 231 Q4 20 GGR 55% 92 Q4 20 GGR -47% 174 Q1 21 GGR 61% 103 Q1 21 GGR -29% 61 Q1 21 EBITDA 28 Q1 21 EBITDA Sazka GROUP#7COVID - Q1 and current impact summary Q1 ■ ■ POS in the Czech Republic, Austria and Italy open and functional COVID-related restrictions still in place, however minimal impact on sales via POS network Substantial impact on physical retail operations in Greece and Cyprus as well as CASAG's casino businesses - Agents' stores in Greece and VLT halls shut for almost all of Q1 Casinos and gaming halls in Austria and most international casinos closed throughout Q1 ▪ Online sales remained at structurally higher levels Online sales reached 39% of GGR in Czech Republic in March ■ - 7 Subsequent All operations have now reopened - - OPAP stores across Greece resumed operations as of 12 April and PLAY gaming halls and VLT operations were reopened on 24 May All Austrian casinos were reopened as of 19 May and all international casinos are now open Sazka GROUP#8Online and iGaming momentum ■ ■ ■ 8 Online not just a key channel but also a tool to drive growth and protect players through data - Strong growth in revenues from iGaming and sales of other products through online channels sustained Sales through physical retail also remain strong Supported by - Cross-selling, leveraging brands, website and app traffic from lottery players, increasingly granular knowledge of customer base New product launches Acquisition of leading online player in Greece, Stoiximan (consolidated from December) Czech Republic - online GGR in CZK thousands 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 20 18 16 14 12 10 0 8 6 4 2 0 Greece and Cyprus - OPAP - online GGR in € millions 16% Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 0.4% 39% [.]% Online GGR as % of total GGR 27% Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Czech Republic- physical retail GGR in CZK thousands 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 110 90 70 50 30 0 Greece and Cyprus - Stoiximan- online GGR in € millions 10 walio Jan-20 Feb-20 Mar-20 Apr-20 oz idu May-20 may co. Jun-20 Jul-20 Aug-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 100% Feb-21 Mar-21 ألباني 100% -10 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Sazka GROUP#9Product launches and innovation - Q1 highlights ■ I 9 Continuing to grow and improve our products, channels and technology across geographies Continuing to successfully implementing proven innovations across our geographies Digitalisation of physical retail via loyalty scheme (Czech Republic → Greece) Event draws (Czech Republic → Austria) Online products and know- how (Czech Republic → Austria) New and revitalised products Nur am Freitag, den 13. Mit 1 Mio. Euro extra! LOTTO 13 DOOD BE BO ARBER Kep SAIRE DES 26 2141118 EXTRA RENTA -----(1) RAILZ EMERFERET TULOZA GAMENT d Digitalising physical retail NEW special event draws NEW annuity jackpot game NEW scratch card family NEW retail loyalty scheme New technology and UI STOIXIMAN GR NEW in-house sports-betting platform at Stoiximan NEW sports- betting app enhancements NEW iGaming app tournaments integration Sazka GROUP#10Product launches and innovations gamification and our loyalty stack ■ N 10 Gamification and an integrated approach to loyalty can improve customer experience across gaming verticals, driving revenue and retention Key benefits of gamification and an integrated loyalty stack include: GGR growth driver ✓ Deanonymization of retail and omnichannel ✓ Clear product differentiator ✓ Retention and acquisition cost optimization Faster time to market ✓ Reduced cost (R&D, maintenance) Lottery Retail Wheel of Fortune TAZK H ZATOČTE SI KOLEM A VYHRAJTE 100 ZATOČIT HOLEM KOLOSTAST Gamification and loyalty stack - examples from the Czech Republic Lottery Online Golden Wheel ROZTOČIT ZLATÉ KOLO 09 Stav konta: 10 z 10 Zlatáků 0000000000 Jak ziskavice Zaak v Scratch cards Multi-tickets ZOSTATEK ZA PENITE UTAVKAJ 100 000 VYHRA HLAVNÍ VÝHRA 1 000 000 Kč Sazkabet (sports betting) Tournament BOUND OF 1 deco PLACE FOR 2020 WALLCHART QUARTER-FINALS SEMI-FINALS FINAL BOUND OF 10 Sazka Games (iGaming) Hry Bonusomat O 6 D 9 Spin 5 ukol na herni tabulnie a zatoč si o výhru al 1000 K 7.Z.Z Our approach to gamification and loyalty From ad-hoc development for isolated use-cases to a flexible integrated cross-vertical gamification platform • Unlimited propositions across all channels • In-house development + flexibility to integrate HE Sazka GROUP#11Key strategic developments Q1 2021 ▪ In January, we acquired a 4.31% shareholding in CASAG, taking our interest to 59.80% Shareholding in OPAP increased to 44.11% (economic interest to 37.08%) through market purchases ■ ■ Subsequent Shareholding in OPAP increased to 44.55% (economic interest to 37.52%) through market purchases ■ €500 million Apollo investment in SAZKA Entertainment, the immediate parent company of SAZKA Group, closed in March 11 Sazka GROUP#12Financial update 12 Sazka GROUP#13Consolidated P&L ■ Consolidated P&L reflects consolidation of CASAG since Q3 and Stoiximan since December 2020 ▪ GGR +30% for Q1 Adjusted EBITDA + 4% Adjusted EBITDA margin broadly flat ■ ■ 13 Key EBITDA adjustments in Q1 are add-back of provision for Hellenic Lotteries minimum GGR tax contribution (similar to FY 20) and inorganic business development costs € millions GGR NGR Operating expenses Share of profit of equity investees Operating EBITDA Operating EBITDA margin Adjusted EBITDA Adjusted EBITDA margin Interest expense Profit before tax Profit after tax Notes: Q1 2021 526.3 283.0 -278.6 19.0 132.6 46.9% 144.4 51.0% -28.7 48.1 35.2 1 Restated. Please see note 1 (g) of the Financial Statements and MD&A. Q1 2020¹ 405.3 266.8 -207.5 10.8 110.2 41.3% 138.4 51.9% -24.4 43.4 24.4 30% 6% 34% 76% 20% 5.6 p.p 4% -0.9 p.p 18% 11% 44% Sazka GROUP#14LTM pro-rata data As at 31 March 2021, pre IFRS 16 basis € millions ■ Pro-rata LTM Adjusted EBITDA¹ Pro-rata net debt Gross debt (100%) Cash and equivalents and ST financial assets (100%) Austria 14 69.9 (85.8) 153.3 (296.7) Pro-rata net debt to Adjusted EBITDA Pro-rata priority net debt to Adjusted EBITDA 1 Includes SAZKA Group, service companies and holding companies -1.2x Czech Republic 88.2 (63.3) (63.3) -0.7x Greece and Cyprus 108.5 205.0 1,042.5 (489.8) 1.9x Italy 109.2 (56.6) (174.0) -0.5x Corporate¹ (15.4) 1,443.4 1,547.7 (105.2) n/m ▪ Shown on pre-IFRS 16 basis (reflecting treatment in covenants) Adjusted EBITDA and ratios shown do not include any adjustment for expected cost savings from restructuring of CASAG domestic casinos ▪ €295 million of cash from Apollo investment at level of SAZKA Entertainment (immediate parent company of SAZKA Group) Total 360.3 1,442.7 2,743.5 (1,129.0) 4.0x -0.3x Sazka GROUP#15Key financing transactions ■ In Q1, SAZKA Group drew €80 million from its RCF; undrawn capacity is €110 million ▪ In February, OPAP extended the maturity of a €100 million undrawn credit facility from 27 March 2021 to 27 March 2022. 15 Sazka GROUP#16Dividends and distributions Q1 2021 ▪ In March, LottoItalia declared a dividend and distribution of €176 million of which the Group received €57.1 million W I In March, Austrian Lotteries declared a dividend to be distributed in two instalments; €61 million was paid in April and €30 million is to be paid in October 16 In March, OPAP's Board proposed a dividend of €0.45/share to be paid in August. This was subsequently increased to €0.55 per share €73 million net to the Group's economic interest Subsequent ▪ In April, LottoItalia declared a distribution of share capital of €47 million. The Group received its share of €15 million in May Sazka GROUP#1717 PR HRY WOM A Thank you! Sazka GROUP#18Apollo investment ■ I E ■ - €300 of the €500 million investment will be used to capitalise on acquisition and growth opportunities in Europe and North America, with a focus on lotteries Transaction closed in March 2021 ■ co Strategic investment by Apollo funds to support Sazka Group's global expansion in the lottery and gaming sectors Apollo is one of the world's leading investors in gaming and largest alternative investment managers Effected through an investment into SAZKA Entertainment AG, a newly-established wholly-owned subsidiary of KKCG which is now the 100% owner of SAZKA Group 18 Sazka GROUP#19OPAP GGR contribution ■ ▪ The Lottery and Betting Concessions include lottery and keno games and sports betting, but do not include VLTS, scratchcards, or horse racing ~70% of OPAP's GGR OPAP paying cash GGR contribution on Lottery and Betting concession revenues at 5% of GGR since mid- October vs 35% previously ▪ Reflects €1.8bn prepayment GGR contribution asset in connection with extension of concession as agreed in 2011 and 2013 ■ - New concession period runs from October 2020 to October 2030 ▪ OPAP will record 30% GGR contribution rate in P&L for Lottery and Betting games, however benefit will be reflected in EBITDA and cashflow 19 see accounting policy 3.f iii. of the annual consolidated financial statements for the period ended 31 December 2020 Settlement mechanism between the Greek State and OPAP provides for either way true-up payment in 2031 Sazka GROUP#20Alternative performance measures This presentation includes non-IFRS performance measures, including amounts staked, Operating EBITDA, Adjusted EBITDA, Operating EBITDA margin and pro rata financial information. Please refer to SAZKA Group's Management's discussion and analysis of financial condition and results of operations dated the same date as this presentation for definitions of these non-IFRS measures and reconciliations to the most directly comparable IFRS measures. 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. 20 Sazka GROUP#21Disclaimer This presentation was produced by SAZKA Group a.s. This presentation is not to be reproduced or distributed, in whole or in part, by any person other than SAZKA Group a.s. This presentation does not represent an offer, constitute or form part of, and should not be construed as an advertisement, recommendation or an invitation to subscribe to or to purchase securities of SAZKA Group 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 an investment or lending recommendation, advice, a valuation or a due diligence review. The information contained in this presentation is for indicative 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 operation, financial condition, liquidity, prospects, growth, strategies and the industries in which we operate. 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 "may," "could," "should," "will," "expect," "intend," "estimate," "anticipate," "assume," "believe," "plan," "seek," "continue," "target," "goal," "would" 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, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past 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 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. The financial information included in this presentation have not been subject to any review or audit process by our independent auditors and may be subject to changes after a review or audit process. 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 annual report within the meaning of applicable Czech law. 21 Sazka GROUP