#1FY23 Results Investor Presentation November 2023 Aristocrat Leisure Limited 8330 0 ARISTOCRAT#2FY23 Results Highlights High quality result Diversified and resilient portfolio delivers on growth strategy Revenue $6.3bn +13.0% Continued strength & consistent execution from Aristocrat Gaming EBITDA margin 33.4% ~20 bps higher than FY22 Supply chain pressures easing Mixed conditions for Pixel United NPATA $1.3bn +20.7% Increased organic investment in future growth Net cash $809m Ample liquidity to fund on-market share buyback program Outlook NPATA growth in FY241 Investment & innovation to drive market share gains Year-on-year change to 30 September 2023, unless stated otherwise. All figures in AUD unless stated otherwise. Refer to the Operating and Financial Review for definitions and explanations of line items 1. Aristocrat expects to deliver NPATA growth over the full year to 30 September 2024 (on a constant currency basis) 2#3SEEEE Strategy Overview#4Our Strategy Continues to Deliver High Quality Results Diversified model driving strong and resilient growth Benefits of diversification evident in Group revenue and EBITDA growth, notwithstanding high levels of investment and slower mobile gaming market Successfully executing our growth strategy leading to market share gains across key and emerging segments Continuing to invest in people, product and innovation as well as in online RMG to sustain growth momentum Making progress on ESG agenda, growing scale and capabilities Recurring revenues ~71% across the Group in FY23 (reducing from ~76% in FY22 due to strong Outright Sales in Gaming) Strong cash flow generation and ongoing capital management: o Liquidity of ~$3.9 billion available at 30 September 2023 o Including $3.2 billion in cash 。 $755 million in on-market share buy-backs to date (just over 50% of up to $1.5 billion) Aristocrat Gaming Leading games supplier averaging 1.4x floor performance1 Strong, diversified platform Leader in North America Gaming Operations Growing in attractive adjacencies Pixel United Diversified portfolio #1 position in Social Slots and Squad RPG2 #4 position in Casual Merge² Expanded geographic network of studios and talent Portfolio of world-class games and IP FY23 Revenue 58% 42% 1. Based on the average theoretical win index versus house; Eilers September 2023 report for North America 2. Twelve months to 30 September 2023; Sensor Tower 4#5Sustainability Strategy & Progress Ensuring vibrant businesses in sustainable industries for all our stakeholders in the long-term Business Operations Align with ASX 20 peers on climate, lead in Governance > Governance > Climate > Circular Economy FY23 Progress Developed Greenhouse Gas inventory off an FY22 baseline, drafted Science-Based Targets (SBT) Submitted our near-term and net-zero targets to the Science-Based Targets initiative (SBTI) with validation expected in the first half of CY24 Established a new governance framework to execute on abatement plan Updated Supplier Code of Conduct further embedding supplier engagement on climate, anti-modern slavery and other issues Product Responsibility Be a global leader in Responsible Gameplay (RG) > Responsible Gameplay > Data Security & Privacy > Responsible Sourcing FY23 Progress Established RG innovation cross-functional team Launched first ever "positive play" consumer marketing campaign in the US Completed Australia's first cashless gaming trial with further trials proposed in NSW Rolled out targeted Social Casino RG messaging model in Cashman Casino™ Rolled out new & updated RG and Privacy policies, with mandatory training People & Community Be recognised as an employer of choice > Talent > Inclusion > Wellbeing > Community FY23 Progress Launched Tribal Engagement program in the US, encompassing internal education, scholarships and support for key organisations Representation of women on our Board increased to 44%, ESC to over 45% and across the Group to 32% Employee Impact Groups increased to 28 spanning Gender Equality, Race/Ethnicity, LGBTQ+ and Allyship Full 2023 disclosures available from 1 December 2023 at www.aristocrat.com сл 5#6Group Results & Financial Summary#7Group Results Summary Portfolio diversification and execution drives revenue and profit higher, while investing for growth A$ million 2023 2022 Change % Normalised results Operating revenue EBITDA EBITDA margin 6,295.7 5,573.7 13.0 2,105.4 1,850.9 13.8 33.4% 33.2% 0.2 pts • EBITA 1,807.7 1,592.9 13.5 NPAT 1,245.1 1,000.9 24.4 NPATA 1,326.6 1,099.3 20.7 Earnings per share (fully diluted) 189.6c 150.2c 26.2 EPSA (fully diluted) 202.0c 165.0c 22.4 Total dividend per share 64.0c 52.0c 23.1 Reported results Revenue 6,295.7 5,573.7 13.0 Profit after tax 1,454.1 948.5 53.3 NPATA 1,535.6 1,046.9 46.7 Balance sheet and cash flow Net working capital/revenue Operating cash flow Closing net (cash)/debt Net (cash)/debt to EBITDA 2.2% 1.2% 1.0 pts 1,799.1 1,246.0 44.4 (809.1) (564.0) 43.5 (0.4)x (0.3)x 0.1x Note: Refer to the Operating and Financial Review for definitions and explanations of line items Revenue up 13% (7% in constant currency) Revenue growth driven by strong performance of North America Gaming Operations and global Outright Sales Pixel United revenues (US$) declined but stabilised over the course of the year, while continuing to take share EBITA up 14% (6% in constant currency), with positive revenue drivers and broadly stable margins across the Group reflecting: 。 Continued, but easing, supply chain challenges o Product mix favouring Outright Sales 。 Sustained investment over time in great talent, technology and product Strong operating cash flow and superior financial fundamentals maintained Conservative balance sheet and ample liquidity, with higher interest income benefiting net interest $811 million cash returned to shareholders through dividends and on-market share buy-backs, while maintaining investment optionality#8Profit Reconciliation Exceptional Gaming results in Americas and International Class III partially offset by lower Pixel United profits and increased business investment NPATA BRIDGE (A$m) ¹ NPATA FY22 NPATA FY23 NPATA FY22 1,099.3 Americas 143.3 ANZ (4.3) International Class III 44.9 Pixel United (36.2) Corporate Costs & Other 4.8 Group D&D Expenses (89.6) Net Interest 75.8 Foreign Exchange 88.6 NPATA FY23 1,326.6 1. Movements above are reported on a constant currency basis and are tax effected at the prior year effective tax rate. Numbers have been normalised to exclude significant items outlined in the Operating and Financial Review 8#9Cash Flow Strong cash generation and conversion; Operating cash flow of $1.8 billion Operating Cash Flow A$ million EBITDA 2023 2022 Change % 2,105.4 1,850.9 13.8 Change in net working capital (75.5) (169.3) 55.4 Higher operating cash flow reflects: Interest and tax (420.9) (492.8) 14.6 Other significant items (cash and non-cash) 9.6 (6.4) n/a Other cash and non-cash movements 180.5 63.6 183.8 Continued strong business performance and underlying cash flow generation Increased interest income on cash balances Operating cash flow Operating cash flow less capex Consolidated Cash Flow A$ million Operating cash flow Capex 1,799.1 1,246.0 44.4 1,346.4 977.2 37.8 О Receipt of litigation proceeds, partially offset by о 2023 2022 Change % 1,799.1 1,246.0 44.4 (452.7) (268.8) (68.4) Acquisitions net of cash acquired (174.2) (0.6) n/a Payments for financial assets at fair value through profit or loss (92.3) n/a Proceeds from disposal of financial assets at fair value through profit or loss 28.7 n/a Investments and divestments (2.8) (1.4) (100.0) Investing cash flow (629.7) (334.4) (88.3) Proceeds from borrowings (net of transaction costs) 2,551.8 n/a Repayments of borrowings (101.6) (3,676.9) 97.2 Proceeds from issue of shares (net of transaction costs) 1,277.2 n/a Payments for shares bought back (net of transaction costs) (443.3) (312.0) (42.1) Lease principal payments (42.9) (39.4) (8.9) Dividends and Employee share purchases (443.6) (406.0) (9.3) Financing cash flow (1,031.4) (605.3) (70.4) Net increase in cash 138.0 306.3 (54.9) Increases in working capital Net working capital movement reflects continued growth in Aristocrat Gaming revenue, timing of receivables and payables, and increased inventory levels to ensure customer order fulfilment Roxor acquisition of $174.2 million was completed during the year $443 million of shares, purchased through the on-market share buy-back program, have been returned to shareholders over the year to 30 September 2023 Note: Refer to the Operating and Financial Review for definitions and explanations of line items#10Capital Allocation Framework, Balance Sheet and Liquidity Capital allocation framework supports Aristocrat's long-term growth strategy and maximises shareholder returns Investment drives future growth Portfolio growth and performance • . • Free cash flow funds growth investment (organic and inorganic) Cash returns to shareholders via: o Dividends (discretionary dividend policy with periodic review) 。 On-market share buy-back dependent on leverage profile and market conditions Targeting net debt leverage ratio of 1.0 - 2.0x over the medium-term Design & Development User Acquisition Capex/ growth capabilities Free cash flow Strong balance sheet to provide full strategic optionality KEY METRICS FY23 FY22 D&D Investment - as % of revenue $820m 13% $667m 12% UA Investment - as % of Pixel United revenue Total Capex US$433m 25% $453m US$480m 26% $269m 30 Sep 23 30 Sep 22 Medium-term debt leverage Total Debt $2,342m $2,457m Net (Cash) ($809m) ($564m) Net (Cash) to EBITDA (0.4)x (0.3)x Inorganic growth On-market share Dividends Interest Cover 17.5× 19.7x / M&A buy-back Liquidity $3.9bn $3.8bn 10 10#11Strategic Organic Growth Investment Disciplined investing across D&D, UA and Capex to support growth and optimise returns across the portfolio Total spend as a % of 34% 31% 29% 31% revenue Total spend as a % of revenue 29% 29% 29% 32% A$1,922m A$1,612m A$1,452m 453 A$1,400m A$1,021m A$901m A$805m A$807m 280 173 131 138 269 228 244 Investment Investment 293 649 356 Spend (A$m) 676 Spend 315 361 696 658 (A$m) 820 667 498 528 FY20 FY21 FY22 FY23 D&D UA ■Capex Note: UA Spend has been converted to A$m based on reporting currency 448 354 372 313 1H22 2H22 1H23 2H23 D&D UA ■Capex 11#12Operational Performance#13Aristocrat Gaming High performing portfolio supporting market share gains and strong revenue growth Summary Profit or Loss Total Gaming Revenue EBITDA Segment Profit Profit Margin Americas A$m A$m 双雪雪雪 A$m 2023 2022 Change % 3,644.1 2,982.6 22.2 2,133.6 1,748.9 22.0 1,894.9 1,547.0 22.5 52.0 51.9 0.1 pts 16.0 Strong revenue growth across Americas and International Class III driven by continued success in both Outright Sales and Class III Premium Gaming Operations Stable margins, with easing supply chain challenges offset by relatively stronger growth of the lower-margin outright sales segment Gaming Operations (Americas): Revenue US$m 1,977.5 1,704.6 Segment Profit US$m 1,091.0 956.4 14.1 Profit Margin % 55.2 56.1 (0.9) pts о ANZ¹ Revenue Segment Profit Profit Margin North America Gaming Operations Class III Premium installed base +16.9% to 36,925 units Momentum driven by Dragon Link TM, Lightning Dollar Link™ and Jackpot Carnival™ Market-leading FPD remained strong at US$54.97 across the expanded footprint Outright Sales: A$m 458.4 460.7 (0.5) A$m 151.3 157.1 % 33.0 34.1 (3.7) (1.1) pts О North America Outright Sales ANZ Outright Sales Fee per day 54.97 55.78 ASP US$ 21,142 18,524 ASP A$ 23,641 23,206 US$ 64,030 59,199 Units Platform (units) 24,310 19,366 Platform (units) 11,195 12,366 FY23 FY22 FY23 FY22 FY23 FY22 ○ о Outright Sales revenue increased 40%, with Americas Outright Sales units up 25.5%, supported by customer capital commitments and increased product penetration ASP up 14.1% driven by increased penetration of premium portrait cabinets MarsXTM and Neptune Single™ Expansion into adjacent markets continues, with growth from VLT in Canada, Oregon, Illinois, and New York, Washington CDS and HHR across various states ANZ revenue broadly flat at $458.4 million, with profit margins impacted by US$ denominated input costs, partly offset by further penetration of the MarsXTM cabinet 1. ANZ FY23 results are in constant currency, where they are restated using exchange rates applying in 2022 13#14Pixel United Increasing market share while responding to structural changes in stabilising mobile gaming market Summary Profit or Loss 2023 2022 Change % Total Pixel United Bookings US$m 1,748.0 1,826.1 (4.3) Revenue US$m 1,764.0 1,834.7 (3.9) EBITDA US$m 592.2 633.9 (6.6) Depreciation and Amortisation US$m (24.6) (29.3) (16.0) Segment Profit US$m 567.6 604.6 Profit Margin % 32.2 33.0 Amortisation of acquired intangibles US$m (31.2) (54.5) Segment Profit after amort of acq intangibles US$m 536.4 550.1 (6.1) (0.8) pts (42.8) (2.5) UA Spend DAU (year end)² % of revenue 24.5% 26.1% 5.5 4.6 479.5 US$m 432.5 Millions FY23 FY22 FY23 FY22 ABPDAU³ 0.93 0.82 US$ FY23 FY22 . Revenues 3.9% lower, due to the decline in the mobile games market and exiting Russia in March 2022 (~3% of annualised bookings) Revenue performance supported by effective management of player engagement through investment in innovative marketing, Live Ops, features and content Lower margins reflect a reduction in bookings from some higher margin legacy products as well as exiting Russia, and costs associated with the conflict in Ukraine Margin decline partially offset by disciplined and efficient investment in UA across the portfolio Active management of operating costs in the second half to align the cost base to evolving market conditions, which will deliver benefits in future periods • Focus on DAU quality drove ABPDAU up ~13% #1 in Social Slots with record high 21% share, #1 in Squad RPG and #4 in Casual Merge¹ 1. For twelve months to 30 September 2023; Source: Sensor Tower 2. Daily Active Users (DAU) 3. Average Bookings Per Daily Active User (ABPDAU) 14#15Pixel United - Resilient Portfolio Performance Strong track record of above-market profitable growth through portfolio diversity and investible game titles Mobile Games Market ($bn)¹ CAGR FY18-23: +8% +15% YoY (6%) YOY (5%) YOY +23% YoY 85.6 80.7 76.8 +17% YoY 74.8 +14% YoY 60.6 51.8 Pixel United Revenue ($bn)² CAGR FY18-23: +12% +15% YoY -% YoY (4%) YOY +29% YoY 1.8 1.8 1.8 1.6 +24% YoY +245% YoY 1.3 1.0 42.4 42.2 FY 38.5 FY 34.2 29.1 25.2 1H == 0.7 40 0.6 0.4 1H 1.0 0.9 0.9 2018 2019 2020 2021 2022 2023 2018 2019 2020 2021 2022 2023 Figures in US$ 1. 2. Source: Sensor Tower, Bookings estimate for financial years ended 30 September and half years ended 31 March as at October 2023. Excludes Android app stores in China As reported; based on financial years ended 30 September and half years ended 31 March 15#16Anaxi's Strategy Being Effectively Executed neogames Market Entry Delivered A Roxor successfully integrated and live across Europe and in North America A Live with seven operators in six countries across eight jurisdictions A >80% market access in the US¹ through content agreements and collaborative partnerships A Mobile on-premise solution for tribal gaming certified Scale & Market Access ▲ 117 game titles live across the globe A Strong results from classic Aristocrat titles Wicked Winnings IITM, Wild Wild SamuraiTM and TimberwolfTM with more titles to follow ▲ Buffalo TM launched in September and currently live in the USA and UK with strong performance A iGaming is currently legal and operating in seven US states - ~US$6.1 billion GGR2 - with more expected to regulate over time A 2023 global TAM of ~US$96 billion³ NeoGames Acquisition A Proposed acquisition expected to close in the first half of calendar 2024 A World-class online RMG company at scale operating across the three main verticals of iGaming, iLottery and OSB ▲ Adds technology, distribution, new capabilities and talent ▲ Leverages Aristocrat's leading content and strong relationships with both commercial and tribal operators and regulators 123 Eilers All States Online Casino By Brand, September 2023 12 months to 30 September 2023, Eilers All States Premium Online Casino Update Gross Gaming Revenue (GGR) in US dollars; reflects global onshore GGR for iGaming, iLottery and Online Sports Betting (OSB); Source H2 Gambling Capital, October 2023 anaxi™ 16#17Outlook#18Outlook Aristocrat expects to deliver NPATA growth over the full year to 30 September 2024 (constant currency basis), reflecting: ARISTOCRAT LETT PIXEL UNITED Continued strong market share, revenue and profit growth from Aristocrat Gaming, with a possible moderation in consumer spending in key markets; Disciplined execution in Pixel United with a focus on market share and investment efficiency to maintain momentum; anaxi Focused investment in Anaxi as it scales its content portfolio to support neogames broader market access in North America and Europe; and Completion of the proposed NeoGames acquisition. Expected to be accretive to EPSA in the first full year of ownership with a broadly neutral impact on NPATA in FY24 after funding considerations. Note: Additional detail for FY24 modelling inputs is included in the first page of the Appendices#19Q&A#20Appendices#21FY24 modelling inputs Operating items: D&D investment expected to be in the range of 12 - 13% of revenue, above the recent range of 11 - 12% • Pixel United UA spend expected to be in the range of 24 - 27% of revenue, below the recent range of 26 - 29% and more reflective of pre-COVID levels Non-operating items: • Net Interest Expense includes: . o interest paid on US dollar borrowings, hedging costs, hedging benefits and other finance fees, with an all-in rate of approximately 6.5 - 7.5% of US dollar borrowings; and o an effective interest income rate of approximately 3.5 - 4.5% on average surplus cash balances • Amortisation of Acquired Intangibles - Circa US$70 million pre-tax relating to assets previously acquired (excluding proposed NeoGames acquisition) • Income Tax Expense - Normalised ETR of approximately 24 - 26% reflective of current corporate tax rates and regional earnings mix 21 21#22Design & Development (D&D) Investment Aristocrat's competitive advantage; Double-digit levels of investment maintained, supporting profitable growth D&D 12.0% 11.1% 12.0% 13.0% as a % of revenue A$820m A$667m 109 A$528m 64 D&D SPEND A$498m 319 42 39 274 195 183 (A$m) 276 291 392 329 FY20 FY21 FY22 FY23 Gaming ■ Pixed United Anaxi 22 22#23Recognition of our High-Performing Portfolio & Games Industry-leading portfolio of high profile and well recognised titles GLOBAL GAMING AWARDS 2023 Eilers&Krejcik Gaming FR FANTINI RESEARCH Global Gaming Awards 2023 Land-Based Industry Supplier of the Year 5th year in a row Slot of the Year (Jackpot Carnival™) Land-Based Product of the Year (Stratus sign package for the Neptune SingleTM cabinet) J.P.Morgan 2023 Slot Survey Gaming - ANZ Ranked #1 supplier in terms of best performer by 87% of respondents Ranked #1 supplier in terms of share gains by 68% of respondents Ranked #1 linked jackpot performance Ranked #1 supplier floor share Eilers&Krejcik Gaming September 2023 Game Performance Database Gaming - North America #1 Premium Video Reel Cabinet (ArcTM Single) #1 Core Overall Game (Coin Trio Fortune Trails™) 12 of top 25 Games - Core Overall 11 of Top 25 NEW Games - Core Video Reel 8 of Top 10 Premium Video Reel Cabinets (#1 ArcTM Single, #2 Helix+TM Upright, #4 ArcTM Double, #6 Helix TM Upright, #7 MarsXTM Portrait, #8 MarsXTM, #9 Helix TM Slant, #10 Neptune Single™) 12 of Top 25 NEW Premium Leased Games (incl. all three Jackpot Carnival TM, and all four Lightning Dollar Link™M) 19 of Top 25 Premium Leased Games (including the entire top 5) 10 of Top 25 Premium Parent Games (incl. #1 Dragon Link TM; #5 Dollar StormTM, #6 Jackpot Carnival™) 7 of Top 25 WAP Games Q2 2023 Slot Managers Survey Gaming North America - #1 Most Anticipated Premium Lease Game 5 of the Top 8 Most Anticipated Premium Leased Games (incl. #1 NFL Slots TM, #3 Lightning Buffalo Link™M, #4 Lightning Dollar LinkTM, #4 Tarzan Link™) #1 Game Sales Ship Share (31% Total Games Sold) #3 Most Anticipated Core Cabinet (MarsX™ Flex) #1 Market Share - Lease/Participation Games (36% market share in U.S. & Canada) September 2023 Game Performance Report #1 Top Indexing Supplier - Overall #1 Top Indexing Supplier-Owned #1 Top Indexing Supplier - Premium Leased #1 Top Indexing Supplier - Premium Leased & WAP #1 Top Indexing Supplier - Class 2 (Major Supplier (Units > 50)) The EKG Slot Awards Show 2022 Slot Awards Gaming - North America Best Overall Supplier of Slot Content Top Performing NEW Video Reel Core Game (Bao Zhu Zhao FuTM Red FestivalTM) Top Performing NEW Premium Game (Lightning Dollar LinkTM - Kung Fu Master™) Top Performing NEW Video Cabinet - Core (Neptune Single™) Top Performing Proprietary Branded Game (Dragon LinkTM) Most Innovative Game (Bao Zhu Zhao FuTM Red FestivalTM) Social Casino Awards Best Social Slots Game (Lightning Link Casino TM - Pixel United™) 23 23#24Aristocrat Gaming - Overview Leader in North American Gaming Operations, ANZ & North America Outright Sales; Strong diversified game portfolio A$3.6bn 22.2% FY23 Revenue A$1.9bn 22.5% FY23 Segment Profit 52.0% 0.1 pts FY23 Margin IDA! 福 e Revenue Americas 82% ANZ 12% International Class III 6% Revenue Gaming Ops 51% Outright Sales & Other 49% Leader in North American Gaming Operations 64,030 Gaming Ops. Installed units 5 of the Most Anticipated Premium Leased Games² US$54.97 Market-leading FPD in North America³ Leading business in Outright Sales markets globally 41,506 FY23 Outright Sales US$21,142 (NA) A$23,641 (ANZ) Market-leading ASP³ Supplier of the Year Land-based4 Strong, diversified portfolio & platform 19 out of 25 top Premium Leased Games¹ 13 Global Studios ~4,000 Employees % change is year on year. Details above are rounded numbers for the twelve months ended 30 September 2023 (1) Average performance per Eilers' Game Performance reports in the 12 months to 30 September 2023 (2) Eilers Q2 2023 Slot Managers Survey (3) Eilers: Gaming Supplier KPIs - 2Q23 Report (4) G2E 2023 Global Gaming Awards 24 24#25Aristocrat Gaming – Detailed Results Growth in Americas Outright Sales and Gaming Operations installed base, and International Class III; D&D investment drives long-term game performance and market-leading products Summary Profit or Loss Revenue EBITDA Depreciation and Amortisation Segment Profit Total Gaming 2023 2022 Americas¹ ANZ 2023 2022 2023 2022 International Class III 2023 2022 Constant Currency² A$ million A$ million US$ million US$ million A$ million A$ million Constant Currency² A$ million A$ million 3,644.1 2,982.6 1,977.5 1,704.6 458.4 460.7 200.0 106.8 2,133.6 1,748.9 1,215.5 1,065.9 185.8 189.0 115.0 54.3 (238.7) (201.9) (124.5) (109.5) (34.5) (31.9) (16.4) (15.2) 1,894.9 1,547.0 1,091.0 956.4 151.3 157.1 98.6 39.1 % 52.0 51.9 55.2 56.1 33.0 34.1 49.3 36.6 (59.3) (50.4) 1,835.6 1,496.6 Profit Margin Amortisation of acquired intangibles Segment Profit after amort of acq intangibles Volume Platforms Conversions Price ASP $/ unit Units 41,506 35,387 Units 9,310 9,696 24,310 6,682 19,366 6,947 11,195 2,628 12,366 2,749 4,314 2,297 US$/ unit US$/ unit A$/ unit A$/ unit 21,142 18,524 23,641 23,206 Gaming Operations³ Class III premium Units 36,925 31,595 36,925 31,595 Class II Units 27,105 27,604 27,105 27,604 Total units Units 64,030 59,199 64,030 59,199 Total avg fee per day US$/ day 54.97 55.78 54.97 55.78 1. Volume and Price North America only 2. Constant Currency amounts refer to 30 September 2023 results restated using exchange rates applying in 2022 3. North America only 25#26Pixel United - Overview Global publisher with strong & diversified portfolio; Exposed to attractive segments and leading market share in Social Slots; Targeted investment in Live Ops, features, content and UA to drive long-term, profitable growth US$1.8bn x 3.9% FY23 Revenue US$568m 6.1% 32.2% 0.8 pts FY23 Segment Profit FY23 Margin Maintaining leadership in Social Slots Resilient 4.6m Revenue in softer market DAU 9 Evergreen Titles 55% Social Casino RPG/Strategy/Action 33% Casual Bookings 12% Top 11 games Other 94% 6% % change is year on year. All figures in USD unless otherwise stated. Details above are rounded for the year ended 30 September 2023 Strengthening & diversified portfolio with increasing monetisation 93c FY23 ABPDAU $970m FY23 Social Casino Bookings $417m FY23 RAID: Shadow Legends™ Bookings Significant organic investment drives growth & strong platform $433m FY23 User Acquisition 24.5% of Revenue 21 Global Studios -2,900 Employees 26#27Pixel United - Portfolio Diversity BOOKINGS BY SEGMENT 35% FY22 32% BOOKINGS BY GAME 1 $1.8bn $1.8bn $1.7bn 6% 6% 9% 3% 2% 3% FY23 6% 8% 4% Other Games 13% 16% 17% Merge Gardens™ Mech Arena: Robot Showdown™ EverMerge™ Lightning Link™ 26% 25% 24% $1.8bn 52% $1.7bn RAID: Shadow Legends™ Gummy Drop!™ 3% 3% 3% Jackpot Magic Slots™ 56% 5% 5% 5% 5% 4% 3% Vikings: War of Clans™ 9% 10% Big Fish Casino™M 10% 13% 12% Cashman Casino™ 13% 13% Heart of Vegas™ 12% RPG, Strategy and Action Casual Social Casino 9% 10% 10% FY21 FY22 FY23 1. Games which contributed more than $50 million annualised bookings. All figures in USD unless otherwise stated 27 27#28Pixel United - Game Portfolio Diversified portfolio across new, scaling and franchise titles; Exposure to high yielding mid-core genre; Genres with owned IP and Social Casino slot content leveraged from world-class design studios across Aristocrat HEART Vegas Social Casino L CASINO 5 Years SLOTS 5 Years SLOTS 6 Years Magic SLOTS Casino 7 Years Vegas SLOTS BIG FISH Casino SLOTS 9 Years 11 Years RPG, Strategy & Action 2 Years² DAT SEAT LETERES 4 Years SOLDIERS INC. VIKINGS 6 Years 8 Years SPARTA 8 Years 9 Years Casual Gardens 2 Years 3 Years UNDERSID SOLITAIRE 3 Years COOKING CRAZE 6 Years GYMMY Farway Solitaire 8 Years 11 Years 1. Source: Sensor Tower. 12 months to September 2023 2. Mech Arena: Robot ShowdownTM categorised as Shooter genre by Sensor Tower Top 100 Highest Grossing Mobile Games in the US¹ Former Top 100 Highest Grossing Mobile Games in the US 28#29Pixel United - Mobile Gaming Market Large Total Addressable Market (TAM) of ~US$76.8 billion globally1 Mobile Gaming genres - US$ 1% YoY $6.6bn Social Casino Key Pixel United games Cashman Casino™ Lightning Link™ Big Fish Casino™ Heart of Vegas™ Jackpot Magic Slots™ (4%) YOY $23.2bn (7%) YOY (13%) YoY $10.8bn (20%) YoY $3.7bn $13.5bn 4% YoY $19.0bn (5%) YoY $76.8bn Casual RPG Strategy Action² Other³ Total mobile (ex China Android) EverMerge™ Merge Gardens™ RAID: Shadow Legends™ Vikings: War of Clans™ Mech Arena: Robot Showdown™ Genres defined and sized based on management's proprietary segment definitions and Sensor Tower's worldwide revenue estimates for top grossing US games; Games that are successful only in Asian markets excluded; YoY growth for the 12 months to March 2023 1. ~US$76.8 billion estimated by Sensor Tower excluding Android stores in China (included in NewZoo data); data for the 12 months ended 30 September 2023 as at October 2023 2. Categorised as Shooter genre per Sensor Tower 3. Includes Sports & Racing and Action categories per Sensor Tower, as well as games created in Asia that are primarily earning revenue in Asia 29#30Glossary of Terms Gaming Americas ANZ ASP CDS Class II Class III North America (US and Canada) and Latin America Australia and New Zealand Average Selling Price (Outright Sales) Central Determination System. A collection of secured computers located at a casino that randomises the electronic scratch ticket outcomes (wins/losses) of a game and delivers them in a predetermined order to the player terminals on the casino floor Games of chance based off bingo Games of chance based off poker, using random number generator software programs to determine results Mobile Gaming ABPDAU Bookings DAU Features IDFA LTV Mobile PC Pixel United RPG Social FTP Average bookings per Daily Active User. Total bookings in each period, divided by the number of days in that period, divided by the DAU during the period Amount paid by customers Daily Active Users or number of individuals who played during a particular day. 'Active' means a player had at least one game session during the day Added elements of the game to attract, engage and retain users Identifier for Advertisers on iOS (Apple). Used to measure marketing campaigns, value ads, find new app users, and segment users, or aggregate access to ads (Google equivalent is GAID, Google Ad Identifier) Live game operations. A layer of gameplay which sits on top of the base core game and is time limited. They usually do not impact the outcomes of the core game. These can be one-time contests, tournaments, bonuses or social club events Lifetime Value. The value of a player over the lifetime of the game Mobile Device Personal Computer Name of Aristocrat's Social Free-to-Play digital games business Role Playing Game. A game that focuses on the advancement of a main character, acquisition of items and has an over-arching storyline Social Free-to-Play. Digital games that give players access to content without paying. Monetisation typically generated from in-app purchases and/or advertising revenues A game that requires players to combat against one another, utilising skilful planning and tactical thinking User Acquisition (Digital Marketing Investments) EGM Electronic Gaming Machine Live Ops FPD Fee Per Day. The amount Aristocrat receives per day for Gaming Operations EGMs. Often expressed as an average fee per day Gaming Operations GGR HHR International Class III NYL Outright Sales Stepper Video VLT Washington CDS Continued operation and maintenance of leased land-based gaming machines Gross Gaming Revenues. The difference between gaming wins and losses before the deduction of casino operating costs and expenses Historical Horse Racing Markets outside Americas and ANZ (includes Asia, Europe, South Africa) New York Lottery The outright sale of an EGM A slot machine with a mechanical reel A slot machine with a video reel Video Lottery Terminals Strategy game UA Washington (State) Central Determination System 30#31Glossary of Terms Online Real Money Gaming Financial & Other Anaxi B2B B2C CXS iGaming Name of Aristocrat's online RMG business Business-to-Business. That is, business activities carried out between two or more companies without consumer contact Business-to-Consumer. That is, businesses carried out with the direct consumer Customer Experience Solutions. A business-to-business software platform providing casino operators with a customer experience management solution for players Online gaming; a component of the online RMG segment. Ability for a customer to play their favourite slots/poker or bingo game online, for real money D&D Capex Capital expenditure Design & Development investment EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation EPS EPSA ESG Normalised ETR FX M&A iLottery Online lottery, part of online RMG, where individuals can buy state or other lottery tickets online NPAT NPATA LIVE Casino Ability to play online casino games, in real time and with real live dealers, to imitate experience of actual casino attendance Recurring Revenue OSB Online Sports Betting. Individual wages on the outcome of racing games and sports events (including digital games and horse racing) RG PAM RMG White Label Player Account Management system. iGaming technology platform managing all aspects of player interaction, including tracking, monitoring, communication and compliance Real Money Gaming. Refers to gaming online, including OSB, iGaming (table games, poker/slots, bingo), LIVE casino. Excludes casino-based gaming and Social Free to play casino games A non-branded system available for B2B customers to provide to their customers (end-consumers) SG&A Earnings Per Share Earnings Per Share before amortisation of acquired intangibles Environmental, Social, and Governance Effective Tax Rate before significant items Foreign Exchange Mergers and Acquisitions Net Profit After Tax Net Profit After Tax before amortisation of acquired intangibles (excludes significant items) Predictable, stable components of a company's revenue. For Aristocrat, includes Gaming Operations, Social Free-to-Play revenues and online RMG Responsible Gameplay. A core Aristocrat policy and commitment encouraging players to make good gaming decisions Selling, General and Administrative expenses TAM Total Addressable Market 31#32Disclaimer This document and any oral presentation accompanying it has been prepared in good faith, however, no express or implied representation or warranty is given as to the accuracy or completeness of the information in this document, in any accompanying presentation or in any other written or oral communication transmitted or made available to any investor or potential investor (collectively, the "Other Materials"). Nothing in this document, in any accompanying presentation or in any Other Materials is, or shall be relied upon as, a promise or representation. All statutory representations and warranties are excluded, and any liability in negligence is excluded, in both cases to the fullest extent permitted by law. No responsibility is assumed for any reliance on this document or the accompanying presentation or any Other Materials. Without limiting the above, this document, any accompanying presentation and any Other Materials may contain forecasts, forward looking statements or statements as to future affairs which are based on estimates, assumptions and expectations of Aristocrat Leisure Limited or its subsidiaries (collectively, the "Company") (some or all of which may not be satisfied or may not occur) that, while used in good faith, necessarily involve (i) subjective judgments; (ii) inherent uncertainties; and (iii) significant contingencies, many of which are beyond the Company's control or reflect future business decisions which are subject to change. Any forecast or financial information presented in this presentation, any accompanying presentation and any Other Materials must not be taken as a representation as to future matters. Therefore, there can be no assurance that such forecasts, forward looking statements or statements as to future affairs will be realised or that the Company's actual or future results, or subsequent forecasts, will not vary significantly from such forecasts, forward looking statements and statements as to future affairs. The actual results may vary from the anticipated results and such variations may be material. Any and all forecasts and financial information in this document, in any accompanying presentation and in any Other Materials are not, and shall not be relied upon as, a promise or representation as to future matters. The Company's results may be affected by factors including, but not limited to, the risks and uncertainties in competitive developments, regulatory actions, litigation and investigations, business development transactions, economic conditions, pandemics and changes in laws and regulations. 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For additional information concerning the Company, please see the Company's announcements released on the Australian Securities Exchange (ASX:ALL). For further information, contact: Investors James Coghill General Manager, Investor Relations +61 412 426 272 [email protected] Media Peter Brookes Citadel Magnus +61 407 911 389 [email protected] 32 32