Investor Presentaiton

Capital Management CDI has returned $1.5 billion of capital to shareholders over the last 7 years Dividends ■ 2022 was the 11th consecutive increase in the dividend per share $152 million paid to shareholders in dividends over the last 7 years Share Repurchases ■ Returned $1.38 billion to shareholders through share repurchases over the last 7 years - Repurchased 15.9 million shares at an average price of ~$87 per share! ■ $359 million remaining under the 2021 Stock Repurchase Plan at June 30, 2022 Reflects our long-term commitment to effectively return capital to shareholders unless there are more attractive growth opportunities Through June 30, 2022 63 CHURCHILL DOWNS INCORPORATED

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