Vici Investor Presentation

VICI'S INVESTMENT STRATEGY A Partnership Approach Real Estate Acquisitions Acquire irreplaceable, mission-critical, non-commodity real estate offering place-based, scaled leisure and hospitality experiences in a triple net lease structure with industry-leading operators Long-term relationship approach to transactions where VICI helps solve its partners' objectives, both today and in the future VICI Partner Property Growth Funds Work collaboratively with existing tenants and partners to invest in growth opportunities across real estate developments and capital improvements that achieve mutually beneficial outcomes XXX (www VICI utilizes its various capital allocation strategies in seeking to drive AFFO growth and superior returns to its stockholders Structured Financings Creatively structure secured financings with new and existing partners across experiential sectors that generate attractive returns and build a strategic path towards potential future real estate ownership 13

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