Allwyn Investor Presentation Deck

Positive Tailwinds Allwyn is one of the largest multi-market lottery operators ● Comparable Company Analysis TEV / 2023E Adj. EBITDA At deal³ ● • Historic growth has outpaced peer comps • Further potential from upside from shift to digital and merger activity • 2023E EBITDA figure does not include impact from the UKNL Tender¹. ● UKNL 2021A EBITDA of €165mm Illustrative impact of UKNL Tender Figures in €mm TEV: EBITDA: Illustrative Multiple: C 9.1x 34 8,952 819 +1652 984 2) Represents illustrative impact of UKNL tender¹ 10.9x 9.1x allwyn Discounted 4 18.2% 10.3x 8.5x allwyn (Including Bonus Shares) 2019-2023E Adj. EBITDA CAGR 18.2% allwyn Source: FactSet, Cap IQ, Company provided information, Wall Street research. Market data as of 27-May-22 Note: EUR:USD spot rate of 1.07 applied, sourced from CapIQ, as of 27-May-22. 3) 1) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect 4) from February 2024. Based on Camelot annual report for the year ended 31-Mar-21, c.£140mm EBITDA converted to € at spot rate of 1.18 EUR per GBP, sourced from allwyn (Including Bonus Shares) Single Market Lottery Operator 10.9x FDJ 8.9% 17.2x FDJ The Lottery Corporation 9.3% Diversified Gaming peers The Lottery Corporation 13.1x Flutter Flutter CapIQ, as of 27-May-22 Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of €9.0bn; does not include the impact of expected bonus shares Based on pro rata Allwyn financials sourced from management estimates (subject to material change) and pro forma EV of €8.4bn; includes impact of expected bonus shares. 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 7.0% 9.4x Σntain 10.7% Entain allwyn

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