Allwyn Investor Presentation Deck

Positive Tailwinds Allwyn is one of the largest multi-market lottery operator ● Comparable Company Analysis TEV / 2023E Adj. EBITDA At deal³ • Historic growth has ● outpaced peer comps • Further potential from upside from shift to digital and merger activity • 2023E EBITDA figure does not include impact from the UKNL Tender¹. ● UKNL 2021A EBITDA of €165mm Illustrative impact of UKNL Tender Figures in €mm TEV: EBITDA: Illustrative Multiple: C9.2x 34 9,020 813 +165² 979 2) Represents illustrative impact of UKNL tender¹ 11.0 x 9.2x allwyn Discounted 4 18.2% 10.3 x 8.6 x allwyn (Including Bonus Shares) 2019-2023E Adj. EBITDA CAGR 18.2% allwyn 3) Source: FactSet, Cap IQ, Company provided information, Wall Street research. Market data as of 20-May-22 Note: EUR:USD spot rate of 1.06 applied, sourced from CapIQ, as of 20-May-22. 1) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will 4) be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024. allwyn (Including Bonus Shares) Based on Camelot annual report for the year ended 31-Mar-21, c.£140mm EBITDA converted to € at spot rate of 1.18 EUR per GBP, sourced from 5) CapIQ, as of 20-May-22 Single Market Lottery Operator 10.8 x FDJ 8.9% 17.8 x FDJ Tabcorp 9.6% 4 Lottery 5 Diversified Gaming peers 12.7x Flutter Tabcorp Flutter Lottery Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of €9.0bn; does not include the impact of expected bonus shares Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of €8.5bn; includes impact of expected bonus shares. Bonus pool for PIPE and non-redeeming shareholders is variable based on number of redemptions. Shares underlying CRHC warrants expected to be adjusted by the same ratio Reflects SOTP valuation for Tabcorp Lottery and Keno segment published by equity research broker in Mar-22 sourced from Refinitiv; Tabcorp fiscal year ends 30-Jun 7.0% 9.2x Entain 10.7% Σntain allwyn

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