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Investor Presentaiton

Financial Flexibility Net Debt to EBITDA TTM ratio of 1.9x Over US$600 million in cash and available credit, subject to EBITDA performance Only public company in the industry: access to all capital markets. *Adjusted EBITDA is a non-GAAP financial measure and is not a standardized financial measure under International Financial Reporting Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, please see "Non-GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated May 10, 2023) for the period ended March 31, 2023. THE Boyd GROUP 27
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