Investor Presentaiton

Design & Development (D&D) Investment Aristocrat's competitive advantage; Double-digit levels of investment maintained, supporting profitable growth D&D 12.0% 11.1% 12.0% 13.0% as a % of revenue A$820m A$667m 109 A$528m 64 D&D SPEND A$498m 319 42 39 274 195 183 (A$m) 276 291 392 329 FY20 FY21 FY22 FY23 Gaming ■ Pixed United Anaxi 22 22

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