Investor Presentaiton
Business Overview
Churchill Downs Incorporated ("CDI”) Overview
We have a unique and diverse collection of entertainment assets
that generate high margins with significant Adjusted EBITDA and Free Cash Flow
Churchill Downs
Racetrack ("CDRT")
Hosts the longest
continuously held annual
sporting event in the U.S.,
the Kentucky Derby
148th Running of the
Kentucky Derby
Historical Racing
Machines ("HRMS")
Three gaming
entertainment venues with
~3,900 HRMs in Kentucky
Acquiring six additional
HRM properties in Virginia
with two HRM expansion
projects underway as part
of the P2E acquisition
Acquired Chasers Poker
Room in Salem, New
Hampshire with significant
HRM expansion
opportunity
TwinSpires
One of the largest and
most profitable U.S.
online wagering platforms
for horse racing
Expanding pari-mutuel
content and technology
services to B2C sports
betting platforms
twinspires
Includes Miami Valley Gaming, 50% owned Ohio joint venture, and Midwest Gaming Holdings, LLC, 61% owned joint venture (Rivers Casino Des Plaines)
Casino Gaming
Ten casinos with
~11,800 slot machines
and video lottery
terminals and 200 table
games in eight states
Acquiring a New York
casino and an Iowa
casino as part of the
P2E acquisition
5
CHURCHILL DOWNS
INCORPORATEDView entire presentation