Allwyn SPAC

Comparable company benchmarking 19A-22E Adj. EBITDA CAGR (%) 2022E Adj. EBITDA margin (%) 2022E Cash conversion² (%) Source: Company information, Capital IQ as of 7-Jan-22 36 Note: All financials calendarized to Dec-YE 1) 2) 19.2% 47.9% 95.0% allwyn 3 Adj. EBITDA margin calculated with respect to revenue instead of NGR, as NGR not applicable Defined as Adj. EBITDA - capex / Adj. ÉBITDA Core Lottery peers 8.1% 22.7% FDJ 80.9% 5.4% 19.7% 1 4 80.3% 3) Tabcorp Lottery Segment Other Lottery peers 51.4% 43.8% 58.4% 18.4% 19.0% n.a. POLLARD 5 neogames Based on pro rata Allwyn financials sourced from management estimates (subject to material change) Represents all business segments, not just the Lottery and Keno segment Capex forecasts unavailable for Pollard Banknote banknote limited Diversified International Gaming peers 0.2% 16.7% 71.8% Flutter 23.4% 23.9% 83.7% Σntain allwyn

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