Investor Presentaiton

Board of Directors Alex Rankin Chairman of the Board ■ Independent Chairman since 2018 ■ Director since 2008 ■ Chairman of the Board of Sterling G. Thompson Company, LLC ■ President of Upson Downs Farm, Inc. ■ Chairman of James Graham Brown Foundation Bill Carstanjen ■ CEO since 2014; Director since 2015 CDI President and COO, 2011 - 2014; COO, 2009 - 2011 ■ CDI EVP, General Counsel & Chief Development Officer, 2005 - 2008 Former Executive of GE ◉ ■ Began career as attorney with Cravath, Swaine, & Moore LLP in NYC Appendix Ulysses Bridgeman, Jr. ■ Director since 2012 ■ Owner and CEO of Heartland Coca-Cola Bottling Company ■ Previously owner & CEO of various companies operating over 450 restaurants in 20 states ■ From 1975 - 1987 played professional basketball for the Milwaukee Bucks and Los Angeles Clippers 63 CHURCHILL DOWNS INCORPORATED

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