Allwyn SPAC Presentation Deck slide image

Allwyn SPAC Presentation Deck

Transaction summary 5 • NYSE-listed SPAC with $828mm¹ cash in trust Q • Cash in trust expected to be supplemented by a PIPE of more than $350mm ● COHN ROBBINS HOLDINGS CORP • Founders Gary D. Cohn and Clifton S. Robbins ("Founders") • Intends to effect a business combination with Allwyn² Newly formed entity is expected to be listed on the NYSE ("PubCo") 1) 2) 3) Note: Assumes no redemption from Cohn Robbins SPAC Trust; EUR:USD spot rate of 1.14 applied, sourced from Capital IQ as of 7-Jan-22 Subject to potential redemptions Allwyn represents the rebranded operations of Sazka Entertainment AG, which is the entity that will be subject to the business combination Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential for 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 Based on management estimates_(subject to material change); adj. net debt as of Dec-21E. Includes €322mm of convertible notes expected to be outstanding at transaction close. Excludes impact of expected free cash flow and a €170 mm one-time dividend prior to closing 4) allwyn Large, privately-owned multinational lottery business Expected market cap for PubCo of ~$8.0bn / ~€7.0bn Valuation estimate represents entry multiple of ~10.8x³ projected 2022E Adj. EBITDA of $810mm / €710mm4 Expected pro forma net debt / 2022E Adj. EBITDA of ~1.6x4 Expected to further bolster Allwyn's growth plans
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