Century Casinos North American Property Footprint and East Region Market Overview
APPENDIX
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CENTURY™
CASINOS
Non-GAAP Financial Measures
• The Company supplements its consolidated financial statements prepared in accordance with US generally accepted accounting principles ("GAAP") by using
the following non-GAAP financial measures, which management believes are useful in properly understanding the Company's short-term and long-term financial
trends. Management uses these non-GAAP financial measures to forecast and evaluate the operational performance of the Company as well as to compare
results of current periods to prior periods on a consolidated basis.
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Adjusted EBITDAR, Adjusted EBITDAR Margin, Net Debt, Debt Leverage, Net Debt Leverage, Lease Debt and Lease Adjusted Net Leverage.
Management believes presenting the non-GAAP financial measures used in this presentation provides investors greater transparency to the information used by
management for financial and operational decision-making and allows investors to see the Company's results "through the eyes" of management. Management
also believes providing this information better enables our investors to understand the Company's operating performance and evaluate the methodology used by
management to evaluate and measure such performance. With respect to the Company's expectations of its future performance, the Company's reconciliations
of estimated Adjusted EBITDAR impact of growth initiatives are not available as the Company is unable to quantify certain amounts to the degree of precision.
that would be required in the relevant US GAAP measures without unreasonable effort.
• The adjustments made to GAAP financial measures result from facts and circumstances that vary in frequency and impact on the Company's results of
operations. The following is an explanation of each of the adjustments that management excludes in calculating its non-GAAP financial measures.
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