Vici Investor Presentation

VICI'S SIX PILLARS OF EXTERNAL GROWTH VICI'S GROWTH PLAN CAN DRIVE SCALE AND POTENTIALLY IMPROVE COST OF CAPITAL, LEADING TO THE EXPANSION OF VICI'S INVESTABLE UNIVERSE Embedded Growth Pipeline ROFRS & Put / Call Agreements ✓ VICI has entered into several right of first refusal and put / call agreements that provide the opportunity for embedded growth ✓ Embedded growth pipeline creates "low-hanging fruit" and provides VICI with optionality VICI 2 Property Growth Fund Current Tenants ✓ VICI's Partner Property Growth Fund funds "same- store" capital for VICI's tenants ✓ VICI works collaboratively with tenants and partners to invest in growth opportunities and capital improvements that achieve mutually beneficial outcomes Sams EXPO Roll-Up/Roll-Out 4 Gaming Opportunities Opportunities Gaming & Experiential Ability to help gaming and non- gaming experiential operators fund roll-up opportunities across fragmented industries ✓ VICI works to help gaming and non- gaming experiential operators grow store count and increase scale Domestic & International ✓VICI's existing portfolio is solely U.S.-based; VICI's recent growth provides increased potential to pursue international opportunities ✓ Several of VICI's tenants already have existing operations overseas 5 Leisure and Experiential Assets Domestic & International ✓ With investments in Chelsea Piers, Great Wolf, BigShots Golf and Cabot, VICI has made its first allocations of capital outside of gaming ✓ OpCo / PropCo model has potential to be pioneered in experiential sectors that have demographic tailwinds 6 211 FIRLAR M&A Domestic & International Increased size and potential for enhanced cost of capital allows VICI to pursue additional large- scale acquisitions Track record in the capital markets facilitating both public and private acquisition targets 14

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