#1EnthusiastGaming INVESTOR PRESENTATION TSX: EGLX NASDAQ: EGLX AUG 2022 POCKET GAMER JUMINasily GAMING ARCADE CLOUD W SECRACK 000 DESTRUCTOID U.GG BISING THE SIMS RESOURCE#2OUR MISSION We are an integrated entertainment company for gamers and esports fans. We connect the world's gamers through our communities, content, creators, and experiences EnthusiastGaming EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 2#3ENTHUSIAST GAMING AT A GLANCE Enthusiast Gaming is one of the largest vertically-integrated gaming media companies in the world 300M+ MONTHLY VIEWERS (1) 21.3B YTD 1H 2022 TOTAL CONTENT VIEWS 550+ INFLUENCERS 258k+ PAYING SUBSCRIBERS $198.6M LTM Q2 2022 REVENUE (4) 20M+ YOUTUBE SUBSCRIBERS 7 PROFESSIONAL ESPORTS TEAMS 50 GLOBAL VIRTUAL + LIVE EVENTS 38% Q2 2022 YOY REVENUE GROWTH(2) 91% Q2 2022 YOY GROSS PROFIT GROWTH(3) (1) Google Analytics, October 2021, Comscore, October 2021 and publicly available social media channels. (2) Represents year over year growth for the three months ended June 30, 2022, as compared to the three months ended June 30, 2021. (3) Represents year over year growth for the three months ended June 30, 2022, as compared to the three months ended June 30, 2021. (4) Last twelve months in Canadian Dollars EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 3#4B COMMUNITIES CONTENT CREATORS EXPERIENCES 300M+ MONTHLY VIEWERS 1000+ YOUTUBE CHANNELS 100+ GAMING WEBSITES 144 EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 4#5COMMUNITIES We buy, build, and monetize video game fan communities, where Gen Z/Millennial gamers and esports fans come together to connect, consume, and create content THE SIMS RESOURCE U.GG 111 113 U.GG THE APP IS HERE. DESTRUCTOID STEAMPUNK vic NICY VEINS GAME KNOT EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 5#6COMMUNITIES - CASE STUDY ESSIE X THE SIMS RESOURCE 1.57MM TOTAL IMPRESSIONS FROM THE SIMS RESOURCE 157K TOTAL IMPRESSIONS FROM INFLUENCER ADVOCACY 94% VIDEO COMPLETION RATE FROM YOUTUBE MEDIA EnthusiastGaming TSX: EGLX | NASDAQ: EGLX 6#7COMMUNITIES - CASE STUDY H&R BLOCK H&R BLOCK H&R Block successfully raised the awareness of their young target audience (The Do It Yourselfer) across our YouTube Video Network We partnered with Nielsen DAR to track how well we performed INCREDIBLE PERFORMANCE 93%+ 95%+ VCR VIEWABILITY EnthusiastGaming TSX: EGLX | NASDAQ: EGLX 7#8COMMUNITIES - CASE STUDY P&G YouTube Search The Bounty Quicker Picker Upper PG Star Wars: A New Hope JTAR WAILE Rating PG Ruing fine 20444 How The Mandalorian Breaks TV's Cardinal Rule Mix SAVE SUBSCRIBE Go to htpad.com/crack to find out more and get started today! Thanks to PAINS CH for sponsoring this video The Mandalorian Can a masked man she emotion SOVR BUY OR RENT Utilizing our YouTube channels drove awareness among Gen Z and Millennial gamers of P&G's Bounty brand How The Mandalorian Killed the Lowest Cost per reach partner Why Our Villains Are Different Who is the Real Vision A Philosopher Reacts Repeat business with P&G EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 8#9ADDICTING GAMES With 1500+ games, Addicting Games is one of the most recognizable developers/hosts of casual and mobile games. That's why Barstool Sports once referred to AddictingGames.com as "The Greatest Website of All Time". ADDICTING GAMES BROWSER-BASED FPS WITH NFT INTEGRATION EDUCATIONAL GAME, INTEGRATES WITH CURRICULUM LITTLE BIG SHAKE typeracer mope.io Google Play Ouvad as th App Store ev.io + Math Games EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX#10ADDICTING GAMES - CASE STUDY ADDICTING GAMES X HUT 8 evic EV.IO BROWSER-BASED FIRST-PERSON SHOOTER ev.io HUT8 NFT INTEGRATION FOR PLAYERS CRYPTO CUSTOM CONTENT, CUSTOM SKINS + TOURNAMENTS EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 10 10#11CONTENT In collaboration with our creators, we produce the most compelling long-form, short-form, video, and written content for gamers and esports fans BISANST RISING ST LUMINOSITY LUMINOSITY ACADEMY LUMINOSITY LIVE JTATOR GAMERS GREATEST UPCOMER SNAPCHAT PROPERTIES STARS SODICE WATCH NOW RISING STARS MATHEMATICE FERGED BY THE SEA LUMINOSITY LIVE NAVY SEPTEMBER 17TH-19TH LUMINOSITY LIVE EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 11#12CONTENT - CASE STUDY LEGO X LUMINOSITY ACADEMY LEGO tapped into Luminosity talent to inspire and engage next gen esports creators with a mentorship program Increase awareness of LEGO Technic and maintain current fans via their passion for cars and engineering FEST EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 12#13CREATORS Enthusiast Gaming is the home for gamers and content creators, and the home of Luminosity Gaming, the most watched esports and creator organization on Twitch with a social following of 145m globally (Nielsen) JUMINDSY LUMINOSITY UMINOSITY SHIVFPS XCHOCOBARS хос NICKEH30 EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 13#14CREATORS - CASE STUDY STATE FARM State Farm State Farm Good Neighbor Challenge VALORANT State Farm 20 GOOD ROTAR amy State Farm drove authentic engagement within the gaming community through neighborly-inspired livestreams EnthusiastGaming TSX: EGLX NASDAQ: EGLX 14#15CREATORS - CASE STUDY SAMSUNG X NICKEH30 1.55MM YOUTUBE IMPRESSIONS 2.3MM SOCIAL IMPRESSIONS 17.1MM STREAM IMPRESSIONS EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 15#16EXPERIENCES POCKET GAMER EGLX POCKET GAMER CONNECTS FE The Global Mobile Games 14-15 Industry Conference LONDON 2022 COLDPLAY X ZHU LG PRESENTS COLDPLAY X ZHU RELEASE PARTY 05.20.21 7PM ET LIVE ON TWITCH.TV/LGLOYAL EU FRESE With more than 50 live and virtual events, Enthusiast Gaming's offerings include the Pocket Gamer Connects global conference series, Canada's largest gaming expo (EGLX), and virtual events such as the Coldplay/DJ Zhu release party hosted live on Twitch EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 16#17WE ARE THE FAN EXPERIENCE Our proprietary flywheel offers unparalleled points of connection to Gen Zs and Millennials, creating more engagement and monetization opportunities WEBSITES 100+ websites publishing unique content across the video game spectrum YOUTUBE AND SNAPCHAT 30 weekly shows 20M+ subscribers GAMING DEVELOPMENT Addicting Games serves as casual gaming site and developer with over 1500 games E TEAMS Luminosity Gaming includes 7 esports teams, franchises in Call of Duty & Overwatch League VIDEO NETWORK 1,000+ channels creating video game-related content EXPERIENCES 50+ live and virtual gaming events globally CREATORS 550+ influencers across Twitch, YouTube, Twitter, Instagram, and TikTok EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 17#18B UNPARALLELED MONETIZATION OPPORTUNITIES ADVERTISING PROGRAMMATIC, DIRECT SALES SUBSCRIPTIONS DATA-DRIVEN SOCIAL PLATFORM EXPERIENCES SPONSORSHIPS, TICKET SALES ECOMMERCE IN-APP/IN-GAME PURCHASES, MERCH PREMIUM CONTENT LICENSING, SPONSORSHIP WEB 3.0 METAVERSE, NFT, CRYPTO EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 18#19FINANCIAL DATA REVENUE (CAD Q2 2022 vs 2021) +38% +41% $37.1M $51.1M $141.2M $198.6M Q2 2021 Q2 2022 LTM Q2 2021 LTM Q2 2022 EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 19#2020 20 FINANCIAL DATA QUARTERLY GROSS PROFIT (CAD MILLIONS) 15 15 10 8.1 8 5.9 4.1 5 10.1 13.7 13.5 15.3 0 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 20#21FINANCIAL DATA SUBSCRIBER GROWTH (PAID SUBSCRIBERS, THOUSANDS (000), AS AT END OF PERIOD) FINANCIAL DATA DIRECT SALES GROWTH (CAD MILLIONS) 300 200 100 207 155 137 112 122 258 233 220 0 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 10 8 6 4.4 3.3 4 2.2 2 1.0 6.8 8.8 5.2 9.3 0 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 21 21#22CAPITAL STRUCTURE SHARE PRICE: C$2.55/US$1.98 MARKET CAP: ~C$0.38BN/~US$0.3BN INSIDER HOLDINGS: ~7.6% OF CSO Data as of June 30, 2022 ANALYST COVERAGE Scotiabank Jeff Fan RBC Canaccord Genuity Paradigm Capital Drew McReynolds Robert Young Alexandra Ricci Haywood Securities Common Shares Outstanding ("CSO") 149,939,193 B Riley Securities Options 5,347,809 H.C. Wainwright Restricted Share Units 4,352,183 Fully Diluted 159,639,185 Neal Gilmer Mike Crawford Scott Buck EnthusiastGaming | TSX: EGLX | NASDAQ: EGLX 22#23CAUTIONARY STATEMENTS This presentation is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. The information contained herein has been prepared for the purpose of providing interested parties with general information to assist them in their evaluation of Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") and this presentation should not be used for any other purpose. Under no circumstances may the contents of this presentation be reproduced, in whole or in part, in any form or forwarded or further redistributed to any other person. Any forwarding, distribution or reproduction of this document in whole or in part is unauthorized. By accepting and reviewing this document, you acknowledge and agree (i) to maintain the confidentiality of this document and the information contained herein, and (ii) to protect such information in the same manner you protect your own confidential information, which shall be at least a reasonable standard of care. Enthusiast Gaming has not authorized anyone to provide additional or different information. In this presentation all amounts are in Canadian dollars unless stated otherwise. The delivery of this presentation, at any time, will not imply that the information contained herein is correct as of any time subsequent to the date set forth on the cover page hereof or the date at which such information is expressed to be stated, as applicable, and, except as may be required by applicable law, Enthusiast Gaming is under no obligation to update any of the information contained herein (including forward looking statements and forward looking information) or to inform the recipient of any matters of which it becomes aware that may affect any matter referred to in this presentation (including, but not limited to, any error or omission which may become apparent after this presentation has been prepared). This presentation contains "forward-looking statements" (also known as "forward-looking information" within the meaning of applicable Canadian securities laws). Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current beliefs, expectations, assumptions and analyses made by us, including expectations and assumptions concerning: interest and foreign exchange rates; capital efficiencies, cost saving and synergies; growth and growth rates; the success in the esports and media industry; and Enthusiast Gaming's growth plans. While Enthusiast Gaming considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking statements appear in a number of places throughout this presentation and can be identified by the use of words, such as "anticipates," or "believes," "budget," "estimates," "expects," or "is expected," "forecasts," "intends," "plans," "scheduled," or variations of such words and phrases or statements that certain actions, events or results "may," "might," "will," "would," "could," "should," "continue," or be taken, occur or be achieved. These forward-looking statements relate to, among other things, our future financial performance, financial condition, liquidity, levels of activity, performance, prospects, growth, goals or achievements, the growth and revenues of the esports industry, the sources of revenues and future operations, potential financial opportunity of the addressable markets, or other future events. Forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on our business. In addition, forward-looking statements necessarily involve known and unknown risks that could affect actual results, including, without limitation, related risks associated with general economic conditions; adverse industry events; and future legislative, tax and regulatory developments. Readers are cautioned that the foregoing list is not exhaustive and that other risks set out in Enthusiast Gaming's public disclosure record filed under Enthusiast Gaming's profile on SEDAR should also be consulted. "Future-oriented financial information" is forward-looking information about prospective results of operations, financial position or cash flows, based on assumptions about future economic conditions and courses of action, and presented in the format of a historical statement of financial position, statement of comprehensive income or statement of cash flows. Similarly, a "financial outlook" is forward-looking information about prospective financial performance, financial position or cash flows that is based on assumptions about future economic conditions and courses of action that is not presented in the format of a historical statement of financial position, statement of comprehensive income or statement of cash flows. Future-oriented financial information and financial outlook made herein or made elsewhere are made solely based on the information available as of the date hereof and are subject to the same assumptions, risk factors and other qualifications as all other forward-looking information, and presented solely for the purpose of conveying the current anticipated expectations and may not be appropriate for any other purposes. Despite a careful process to prepare and review the forward-looking statements, there can be no assurance that the underlying opinions, estimates, and assumptions will prove to be correct, and undue reliance should not be placed on them. The purpose of the forward-looking statements is to provide the reader with a description of management's expectations regarding our anticipated future performance and may not be appropriate for other purposes. Furthermore, unless otherwise stated, the forward-looking statements contained in this presentation are made as of the date of this presentation and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise unless required by applicable legislation or regulation. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. This document may have been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission. You are responsible for protecting against viruses and other destructive items. Your receipt of this electronic transmission is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. As a consequence of the above, neither the Company nor any director, officer, employee or agent of any of them or any affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the document distributed to you in electronic format and the hard copy version that may be made available to you. This presentation also contains or references audience and viewership metrics from third party sources. Although we believe these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. We have not independently verified any of the data from third party sources referred to in this presentation and accordingly, the accuracy and completeness of such data is not guaranteed. Certain information provided in this presentation is extracted from the financial statements and Management's Discussion & Analysis ("MD&As") for the respective periods and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the financial statements and MD&As that an investor can properly analyze this information. The financial statements and MD&As can be found under the Company's profile on SEDAR and EDGAR.