Investor Presentaiton

Summary of forward looking statements Area Group optimisation One Endeavour Description We are targeting $200m of cost out initiatives across F24 - F26 to mitigate inflationary pressures and enable continued investment in line with strategy. The One Endeavour transformation and transition program continues in F24, with anticipated operating expenditure of $40m - $50m, and Capital expenditure of $35 - $55m, providing benefits in future years. This is allocated 70% to our Retail segment and 30% to our Hotels segment. We will continue to update the market as we progress the program. Victorian Gaming entitlements The renewal of Victorian Gaming entitlements in F23 results in: 53 Week • $31m p.a depreciation and amortisation started from Aug 2022 ($310m over 10 years). This replaces a previous entitlement. The incremental impact to depreciation and amortisation is ~$14m p.a. • In F24, the interest expense relating to the entitlements is estimated to be $9m (this is based on current interest rates) F24 is a 53 week reporting period, and our H2 F24 results will include an extra week of trading. endeavour group 40

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