Allwyn SPAC
Summary of investment opportunity
Leading lottery led entertainment platform
Scaled business that is expected to generate $876mm / €819mm of 2023E
EBITDA¹
✔ High operating barriers to entry
86
Positioned to capitalize from continued shift to digital
✔
Attractive organic and inorganic growth opportunities with expected
significant available balance sheet capacity
Potential for substantial upside from UK / US opportunity
✔
Opportunities to invest at compelling transaction value relative to
industry comps
Expected bonus pools for non-redeeming Cohn Robbins shareholders, with
potential for up to combined incremental 6.6mm common shares to be
issued further reducing entry price²
42¹
29
24
34
47
JA
S
Scratch Lo
Note: EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22. All financials calendarized to Dec-YE
Based on management estimates (subject to material change)
Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential for up to combined incremental 9.4mm common shares to be issued. Bonus pool for PIPE and non-
redeeming shareholders is variable based on number of redemptions. Shares underlying CRHC warrants expected to be adjusted by the same ratio
Scratch Lot
SSS
online
LOTTERY
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