Investor Presentaiton

Our capital allocation aligns to our strategic priorities Stay in Business Consistent with previous year; efficiencies targeted through procurement and lifecycle. management • Initiation phase for multi-year transition 'One Endeavour' (Technology transition) Renewals Network Expansion Pinnacle Expansion • Group-wide spend system implemented, enabling better spend management and analytics Progressing in flight projects (Property lease management, One team - people system consolidation, Commerce / OMS and Service transformation) • Renewed 46 hotels • Renewed 122 retail stores; Average age maintained <7 years • EGM average age 6.6 years • Added 39 (gross) new Retail stores 11 Hotel acquisitions • Acquired Shingleback of McLaren Vale and Cape Mentelle of Margaret River • Dorrien Winery investment F23 Capex¹ Targeted ROI $100m n/a $15m n/a $156m >15% $124m >15% $48m >15% Property redevelopments • Redevelopment of the Brook Hotel $24m >20% Continuing planning and feasibility for further sites, ramping up in 2024-26 Digital, data and eCommerce • Enhanced eCommerce and operational capabilities, focused on delivering improvements in on omni-channel experience in both Retail and Hotels $43m >20% • Growing advanced analytics capability supporting margin outcomes. $510m Investment strategy to deliver strong EPS growth while targeting investment grade credit metrics endeavour group 1. Excludes $310m for Victorian gaming entitlements and $32m goodwill arising from the recognition of deferred tax liabilities on acquisitions 34

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