#1Q2 2021 RESULTS 9 September 2021 Sazka GROUP#22 Robert Chvatal, CEO Kenneth Morton, CFO Sazka GROUP#33 Business and strategic update Sazka GROUP#4Q2 2021 highlights ■ I M 4 Strong quarter on year on year and quarter on quarter basis Good performance of Austrian Lotteries, Czech Republic, Italy and Stoiximan from previous quarters continues Material contributions from OPAP physical retail and casinos All material restrictions relaxed by the end of the quarter However, restrictions were in place for material portion of Q2, so performance does not yet represent run-rate Key strategic developments include. Restructuring of Austrian casinos largely implemented (€45m cost savings) Continued to increase interest in OPAP € millions GGR NGR Adjusted EBIT DA Profit before tax Pro-rata GGR Pro-rata Adjusted EBITDA (post IFRS 16) Q2 2021 Pro-rata LTM Adjusted EBITDA (pre IFRS 16) 740.1 449.1 Q1 2021 A vs Q1 '21 526.3 41% Adjusted EBITDA margin 56.3% 51.0% 5 p.p. 283.0 59% 252.7 144.4 75% 166.1 48.1 245% 601.9 520.3 16% 160.9 105.2 53% Q2 2020 Notes: This presentation includes non-IFRS performance measures. Please refer to slide 26. 246.6 A vs Q2 '20 162.0 177% 200% 57.1 343% 12.3 35.2% 21 p.p. 52.4 1250% 339.2 77% 207% 463.2 360.6 28% 378.5 22% Sazka GROUP#5COVID - Q1 and Q2 2021 impact summary Q1 2021 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 at structurally higher levels - Q2 2022 ▪ All operations reopened OPAP stores across Greece resumed operations as of 12 April and PLAY gaming halls and VLT operations were reopened on 24 May; most material restrictions now relaxed All Austrian casinos were reopened as of 19 May and all international casinos are now open Online sales continue to grow across geographies ■ 5 Sazka GROUP#6Quarterly business highlights - Austria Austria - consolidated: ▪ Austrian casinos reopened as of 19 May International casinos all open by end of quarter Very encouraging performance after reopening with meaningful EBITDA generation ■ 6 ■ Austria Austrian Lotteries: Q2 trading a little softer across verticals due to lower jackpot levels and typical seasonality ■ - -7% 285 0% -23% 206 219 2% GGR and Adjusted EBITDA (€ millions) and % change vs. PY 192 -8% 303 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 GGR GGR GGR GGR GGR -3% -17% 217 270 256 -10% 8% 235 24% 255 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 GGR GGR GGR GGR GGR 11% 243 Q2 '21 GGR 10% 210 8 30 33 446% Q2 '20 Q1 '21 Q2 '21 EBITDA EBITDA EBITDA 54 45 0% 33 Q2 '21 Q2 '20 Q1 '21 Q2 '21 GGR EBITDA EBITDA EBITDA Sazka GROUP#7Quarterly business highlights - Czech Republic 7 ■ ■ ■ Consistently strong performance over recent quarters continues Online (online lotteries and iGaming) have been major driver of growth, physical retail sales also growing Q2 '21 EBITDA +41% above last year 25% 77 0% 67 GGR and Adjusted EBITDA (€ millions) and % change vs. PY 5% 75 12% 96 24% 96 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 GGR GGR GGR GGR GGR 51% 101 22 30 41% 31 Q2 '21 Q2 '20 Q1 '21 Q2 '21 GGR EBITDA EBITDA EBITDA Sazka GROUP#8Quarterly business highlights - Greece and Cyprus Greece and Cyprus - consolidated: ■ 8 ■ ■ Secr Messe ■ ■ Physical retail operations started up in stages during quarter Greece and Cyprus - Stoiximan: Performance after reopening slightly better than during Q3 20, GGR in line with 2019 Material benefit to EBITDA and cashflow generation from GGR tax prepayment Consistently strong trading continues Q2 GGR reflects usual seasonality in sports betting, EBITDA further impacted by lower margins ▪ H1 EBITDA of €39 million -17% 328 Q1 '20 GGR 45% 64 -53% 180 0% GGR and Adjusted EBITDA (€ millions) and % change vs. PY 45 -1% 391 28% -48% Q2 '20 Q3 '20 Q4 '20 Q1 '21 GGR GGR GGR GGR 66 231 55% -47% 92 174 61% 103 120% 396 Q2 '21 GGR 99% 90 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 GGR GGR GGR GGR GGR GGR 31 68 372% 28 146 Q2 '20 Q1 '21 Q2 '21 EBITDA EBITDA EBITDA 11 Q1 '21 Q2 '21 EBITDA EBITDA Sazka GROUP#9Quarterly business highlights - Italy 9 ■ ■ Both Q1 and Q2 have been record quarters YoY comparison reflects impact of first wave of COVID on Italy in March-May -11% 536 -55% 274 GGR and Adjusted EBITDA (€ millions) and % change vs. PY -8% 512 -3% 583 19% 636 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 GGR GGR GGR GGR GGR 129% 627 Q2 '21 GGR 43 108 164% 113 Q2 '20 Q1 '21 Q2 '21 EBITDA EBITDA EBITDA Sazka GROUP#10Online and iGaming momentum ■ ■ Online not just a key channel but also a tool to drive growth and protect players through data ■ 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 10 Strong growth in revenues from iGaming and sales of other products through online channels sustained New product launches Acquisition of leading online player in Greece, Stoiximan (consolidated from December) Austria (excl. casinos and land-based sports betting) 35 17% 169 83% 46 53 10% Czech Republic 84% 34 19% 396 13 19% 90% 148 81% Q1/2019 Q2/2019 Q3/2019 Q4/2019 48 54 11% 81% 39 17% 381 15 89% 21% 183 83% 55 56 12% 79% 39 18% 18 387 178 10 16% Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 82% 21% 69 79% 40 20% 20 161 Q1/2020 80% 27% 54 73% 48 25% 327 Q2/2020 23 33% 143 75% Greece and Cyprus (including Stoiximan for all periods) 440 87% ]]]]] 88% 83% 64 69 13% 17% Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Q2/2020 Q3/2020 Online channel Physical retail channel 48 Q2/2020 24% 67% 47 172 55 76% 22% Q3/2020 32% 165 78% 24 68% 52 Q3/2020 77 17% 379 83% 55 24% 33 Q4/2020 34% 179 108 76% 39% 64 Q4/2020 66% 171 61% Q4/2020 61 25% 36 Q1/2021 37% 186 123 75% 70% 61 Q1/2021 63% 52 30% Q1/2021 54 27% 40 Q2/2021 39% 149 73% 27% 62 61% Q2/2021 287 106 73% Q2/2021 Sazka GROUP#11Product launches and innovation digitalisation of physical retail in Czech Republic ▪ Deanonymisation of physical retail users - traditionally anonymous - allows us to realise benefits (data, player protection) similar to online user ▪ In the Czech Republic, the Sazka Club loyalty scheme aims to deanonymise traditional retail customer base ■ ■ Wheel of Fortune initiative successfully launched in Q3 2020 to boost this effort 11 Sazka Club customer base now similar in size to online lottery base in Digital Entertainment Hub ▪ Currently c. 431,000 players fully registered ▪ As of Q2 2021, 22% of retail draw-based games and 10% of scratch cards sales deanonymized Similar retail loyalty scheme successfully launched in Greece in Q1 % of retail stakes deanonymised 10% 1% Q1 '19 13% 2% Q4 '19 21% 9% Q4 '20 GGR Deanonymised share of retail draw-based games stakes Deanonymised share of scratch card stakes 22% 10% Q2 '21 GGR Sazka GROUP#12Product launches and innovation - YTD highlights ■ 12 Continuing to expand and improve our product offering, 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) Group play/ syndicates (Austria → Czech Republic) New and revitalised products New technology and UI Nur am Freitag, den 13. Mit 1 Mio. Euro extra! LOTTO Skupinové sázení SKUPINOVÉ SÁZKY EXTRA RENTA TOTOYAG C 124 POWER SPIN ΑΠΟ ΤΙΣ 8:011 PRIHLÁSIT NEW special event draws NEW annuity jackpot game NEW scratch card family NEW Q2→ NEW group play feature NEW Q2→ NEW Powerspin game features STOIXIMAN Rep GR FERMECT NEW in-house sports-betting platform at Stoiximan NEW sports- betting app enhancements Digitalising physical retail NEW iGaming app tournaments integration NEW retail loyalty scheme Sazka GROUP#13Q2 ESG update ▪ SAZKA a.s. donated CZK 50m to victims of tornado in the Czech Republic ▪ OPAP's MSCI ESG rating upgraded to AA OPAP confirmed as FTSE4Good Index Series constituent for fifth consecutive year ■ ▪ OPAP completed next milestones in renovation of children hospital, reaching 85% of total renovation project ▪ OPAP Major Sponsor of Greek Paralympics team ▪ Annual CSR report published 13 OPAP MSCI ESG RATING BB 2015 3.8 BB 2.8 2016 BBB OPAP - FTSE4Good Index 2.3 2017 1.0 1.2 1.3 BBB MSCI ESG rating 2018 Environment 2019 5.0 2.9 2.0 2020 Social AA 2021 ESG rating ■OPAP SubSector Average: Gambling Industry Average: Consumer Services 4.0 3.8 3.6 Governance Sazka GROUP#14Key strategic developments Q2 2021 Shareholding in OPAP increased to 45.4% (economic interest 38.3%), compared to 43.1% (economic interest 36.1%) at YE 20, through open market purchases ReFIT restructuring programme at CASAG to a large extent implemented Currently c. 460 FTE (29 % less) less compared to avg. 2019 headcount at Austrian casino operations ■ W ■ - Subsequent Shareholding in OPAP increased to 46.4% (economic interest 39.4%) through open market purchases and taking OPAP dividend as scrip 14 Expected run-rate cost savings of €45 million, to be delivered in 2022, in line with previous expectations Sazka GROUP#15Financial update 15 Sazka GROUP#16Consolidated P&L ■ Consolidated P&L reflects consolidation of CASAG since Q3 and Stoiximan since December 2020 ▪ Year on year comparison also reflects weak Q2 2020 I 16 Strong growth in most line items vs Q1, reflecting recovery in Greece and Cyprus physical retail and casinos Significant benefit from GGR tax prepayment in Greece € millions GGR NGR Operating expenses Share of profit of equity investees Operating EBIT DA Adjusted EBIT DA Profit before tax Profit after tax Q2 2021 Notes: 740.1 449.1 Q1 2021 21.4 -373.1 -278.6 526.3 41% 246.6 283.0 59% 19.0 Adjusted EBITDA margin 56.3% 51.0% 238.8 132.6 A vs Q1 '21 141.9 35.2 34% 252.7 144.4 75% 1 Restated. Please see note 1 (g) of the Financial Statements and MD&A. 13% 166.1 48.1 245% 5 p.p. Q2 2020 80% 56.8 303% 162.0 - 164.2 21.9 57.1 A vs Q2 '20 200% 17.6 177% 127% - 2% 320% 343% 35.2% 21 p.p. 12.3 1250% 706% Sazka GROUP#17Pro-rata NGR development Segments with limited impact More impacted segments from COVID-19 restrictions 17 350 300 250 200 150 100 I ■ ■ 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '19 19 19 19 '20 '20 '20 '20 '21 '21 Austrian Lotteries. Czech Republic Greece - Stoiximan Italy 350 300 250 200 150 100 50 0 MA Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '19 19 19 19 '20 '20 '20 '20 '21 '21 Greece excl. Stoiximan Austria - domestic and international casinos Austrian Lotteries, Czech Republic, Italy, Stoiximan Minimal impact from restrictions after first wave in Q1 / Q2 2020 Strong performance throughout H2 2020, H1 2020 and into H2 2021 Benefiting from more rapid customer shift to online I ■ ■ ■ ■ Combined performance 350 300 250 200 150 100 50 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 '19 19 19 19 '20 '20 '20 '20 '21 '21 ■Total NGR Greece physical retail, casinos Directly impacted by restrictions for much of 2020 and H1 2021 Good recovery in Q3 2020 and later part of Q2 2021 when restrictions were lifted Q220 21 does not yet reflect full run rate given timing of reopening GGR currently at approximately 2019 levels in all affected businesses Sazka GROUP#18Key financing transactions Subsequent ▪ €55 million scheduled amortisation on SAZKA Group syndicated loan ▪ €30 million voluntary repayment of RCF Amount remains available, undrawn capacity €140 million ▪ SAZKA Entertainment downstreamed €75 million to SAZKA Group as equity contribution co 18 Sazka GROUP#19Dividends and distributions Q2 2021 ▪ In May, LottoItalia made a distribution of share capital of €47 million (€15 million net to SAZKA Group's interest) Subsequent ▪ In July, SAZKA a.s. paid a dividend of CZK900 million (c. €35 million) ▪ In August, OPAP paid a dividend of €0.55/share, €72 million net to SAZKA Group's economic interest. SAZKA Group elected to receive the dividend as scrip ▪ In August, LottoItalia made a distribution of share capital of €47 million (€15 million net to SAZKA Group's interest) 19 Sazka GROUP#20Dividends and distributions (continued) € millions Austrian Lotteries CASAG SDHH LOTTOITALIA OPAP SAZKA end of June 9.45% 20 59.70% 78.64% 32.50% 38.33% 100.00% Net to SG economic interest at end of June 2021 of which OPAP scrip dividend Net to SG economic interest at end of quarter of which OPAP scrip dividend Net to SG economic interest at end of June 2021 - Cash Net to SG economic interest at end of quarter - Cash 2020 Q1 320 123 123 107 107 Q2 77 5 150 59 59 59 59 Q3 100 64 100 37 106 36 103 34 69 69 Q4 2 23 9 9 9 9 2021 Q1 2 176 2 61 61 61 61 Q2 61 2 47 3 25 25 25 25 Q3 2 47 187 38 126 70 128 72 56 56 Q1-Q3 2020 177 5 214 420 37 288 159 269 141 129 129 2021 61 сл 269 187 43 211 70 213 72 141 141 Sazka GROUP#21LTM pro-rata data As at 30 June 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 86.3 1 Includes SAZKA Group, service companies and holding companies 21 (102.8) 147.8 (320.1) Pro-rata net debt to Adjusted EBITDA Pro-rata priority net debt to Adjusted EBITDA -1.2x Czech Republic 96.3 (73.0) (73.0) -0.8x Greece and Cyprus 154.2 162.3 1,044.4 (621.0) 1.1x Italy 132.0 (76.9) (236.6) -0.6x Corporate¹ (5.6) 1,510.0 1,562.2 (52.8) n/m Total 463.2 1,419.5 2,754.5 (1,303.4) 3.1x -0.3x Shown on pre-IFRS 16 basis (reflecting treatment in covenants) No adjustment for expected cost savings from restructuring of CASAG domestic casinos or events after end of quarter - €75 million contributed by SAZKA Entertainment to equity of SAZKA Group in July 2021 Currently €213 million of cash from Apollo investment at level of SAZKA Entertainment (immediate parent company of SAZKA Group) Sazka GROUP#22Current trading and outlook ■ While Q2 saw a strong recovery, physical retail channel in Greece and Cyprus and casinos were materially impacted for parts of the period Austrian Lotteries, Czech Republic and Italy continuing to trade well ▪ Greece physical retail, Austrian and international casinos now operating with no material restrictions ▪ In each case, GGR around 2019 levels, similar but slightly better than recovery in Q3 2020 ▪ Substantial positive impact on profitability and cashflow generation from GGR tax prepayment and restructuring of Austrian domestic casinos ■ Assuming no new restrictions, Q3 will be first quarter since Q4 2019 with no material COVID impact on our operations 22 I Guidance Metric Pro-rata NGR growth¹ Pro-rata EBITDA margin¹ Short term NGR growth of 31%-39% vs. 2020 Not guided Medium term NGR growth of 20%-24% YoY EBITDA margin around 48%-50% Notes: Management targets are internal objectives against which we measure our operational performance, and they should not be regarded as forecasts or expected results or otherwi as a representation by us or any other person th we will achieve these objectives any time period. lease see Disclaimer on Slide 27 regarding forward-looking statements. 1 non-IFRS performance measure. Please refer to slide 26. Sazka GROUP#2323 Thank you! Sazka GROUP#24Appendix 24 Sazka GROUP#25Summary of adjustments to EBITDA Standalone, 100% (€m) Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate Adjustments to Operating EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate Adjusted EBITDA Austria Czech Republic Greece and Cyprus Italy Corporate 25 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) H1 20 60 46 102 126 (8) (13) (2) 27 4 47 44 129 126 (4) H1 21 76 57 205 221 (6) (1) 4₁ 9₁ 1 -1 1 141 75 61 214 221 8 EBITDA adjustments breakdown I i Austria adjustments I i Casino Linz insurance gain + ! restructuring non-personal costs I ! Other I Total Austria adjustments I i Czech Republic adjustments 1 Gain from cancellation of obligation to I acquire entity Charitable donation to support disaster I I relief and other i Total Czech Republic adjustments I 1 Greece and Cyprus adjustments I I Hellenic Lotteries minimum gaming tax ! adjustment I Litigation provision COVID-19 related extraordinary costs I I i Other non-recurring costs and write-offs I Total Greece and Cyprus 1 adjustments I I i Corporate adjustments Inorganic business development costs i Total Corporate adjustments 2019 2020 H1 20 (8) (5) (13) 2019 2019 (16) 17 1 2019 10 10 (4) (4) 2020 H1 20 (2) (2) (2) 38 5 10 14 66 16 I 2020 H1 20 H1 21 8 4 H1 21 T 27 (1) (1) H1 21 4 41 14 (1) (4) 9 I 2020 H1 20 H1 21 15 4 14 15 4 14 I Sazka GROUP#26Alternative performance measures This presentation includes non-IFRS performance measures, including, Net gaming revenue, Operating EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and pro rata financial information. Please refer to SAZKA Group's press release and 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. 26 Sazka GROUP#27Disclaimer 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, or as providing an investment or lending recommendation, advice, a 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 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 "guidance," "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 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. 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. 27 Sazka GROUP