Vici Investor Presentation

LEADING, WORLD-CLASS OPERATORS OF PLACE-BASED EXPERIENCES (¹) 100% Triple Net Leases M 90% Leases with Parent Guarantees ~79% Rent Roll with Master Lease Protection ~79% Rent Roll from S&P 500 Tenants VICI ~80% Rent Roll from SEC Reporting Tenants Tenant CAESARS ENTERTAINMENT. MGM RESORTS THE VENETIAN LAS VEGAS Seminole Hard Rock Hard Rock Entertainment PENN ENTERTAINMENT J.A.C.K. ENTERTAINMENT CHEROKEE NATION Entertainment Eastern Band of Cherokee Indians CENTURY™ CASINOS 9 Tenants Number of WALT (years) as Properties of 6/30/2022(²) 18 13 1 2 2 2 1 1 3 43 33.1 53.6 49.7 47.5 31.8 32.6 55.0 34.2 32.5 42.8 Annualized Cash Rent ($mm) (3) $1,071.8 $882.2 $250.0 $134.0 $75.1 $69.0 $40.0 $32.5 $25.5 $2,580.2 % of Ann. Cash Rent 42% 34% 10% 5% 3% 3% 2% 1% 1% 100% (1) Pro forma for MGM's pending sales of the operations of the Mirage Hotel & Casino to Hard Rock and the operations of the Gold Strike Casino Resort ("Gold Strike") to CNE Gaming Holdings LLC, a subsidiary of Cherokee Nation Businesses, L.L.C. ("Cherokee Nation"), both of which are subject to customary closing conditions and regulatory approvals. (2) Weighted average lease term ("WALT") inclusive of all tenant renewal options. (3) Annualized contractual rent as of August 2022. 5

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