Allwyn SPAC

Allwyn compares favorably to primary lottery peers Leading earnings growth coupled with highest cash conversion among lottery comparables Geographic presence (# countries of operation) 2022E Adj. EBITDA margin (%) 19A-22E NGR CAGR (%) 19A-22E Adj. EBITDA CAGR (%) Total addressable market 1) 38 2) 2022E Cash conversion5 (%) 3) 4) 5) Source: Company information, Capital IQ as of 7-Jan-22 Note: All financials calendarized to Dec-YE ✔ ✔ ✔ ✔ ✔ ✔ allwyn 5 15.6% 47.9% 19.2% 95.0% 1 €16bn wagered with >10% CAGR growth projected I I FDJ 1 4.7% 22.7% 8.1% 80.9% €16bn 2020A wagered with mid-single digit CAGR growth projected Based on pro rata Allwyn financials sourced from management estimates (subject to material change) Lottery and Keno segments only; historical values based on reported company financials; forecast values based on estimates for Tabcorp Lottery and Keno segment published by a single equity research broker on 14-Oct-21, sourced from Refinitiv Refers to revenue instead of NGR, as NGR not applicable Adj. EBITDA margin calculated with respect to revenue instead of NGR, as NGR not applicable Defined as Adj. EBITDA - capex / Adj. EBITDA. For Tabcorp, represents all business segments, not just the Lottery and Keno segment Tabcorp Lottery 1 2.8%3 19.7%4 5.4% 80.3%5 2 ~AU$9bn 2020A wagered with mid-single digit CAGR projected Superior performance allwyn

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