Vici Investor Presentation

VICI'S SIX PILLARS OF GROWTH Expanding VICI's Investable Universe Embedded Growth Pipeline • VICI has entered into several strategic agreements that ● provide the opportunity for embedded growth Embedded growth pipeline creates "low- hanging fruit" and provides VICI with optionality VICI Property Growth Fund Sands EXPO • VICI's Partner Property Growth Fund provides "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 Roll-Up / Roll-Out Opportunities • 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 ● ● Gaming Opportunities 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 Leisure & Experiential Assets With investments in Chelsea Piers, Great Wolf, Big Shots Golf, Cabot and Canyon Ranch, 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 E ● Strategic M&A Increased size and potential for an 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

View entire presentation