Allwyn Results Presentation Deck

Strong free cash flow generation Reflects asset light business model and high profitability ● Higher EBITDA adjustments vs. prior years relate to: Expensing of certain costs associated with preparation for new licence start in UK in February 2024 (€36m) - Litigation provision in Greece and Cyprus (Hellenic Competition Commission fine, €25m) • EBITDA adjustments otherwise comprise only minor positive one- offs ● • Ongoing capex requirement remains consistently low, with €20m of Q3'23 capex relating to UK licence start Sustained strong Adjusted free cash flow conversion, >90% of Adjusted EBITDA 22 1) Calculated as (Adj. EBITDA - Capex) / Adj. EBITDA Adjusted EBITDA Capex 41.0% 143 143 Q3'19 6 Q3'19 95.7% 137 0 Q3'19 40.2% 204 197 Consolidated FCF (€m) 16 Q3'20 Operating EBITDA Q3'20 92.2% 188 7 Q3'20 49.8% Adjusted FCF (Adjusted EBITDA - Capex) 96.7% 290 282 Q3'21 10 Q3'21 281 9 Q3'21 EBITDA Margin (% of Net Revenue) 49.3% 317 311 Q3'22 EBITDA Adjustments 10 Q3'22 96.7% 306 5 Q3'22 Cash Conversion¹ 41.7% 368 311 Q3'23 32 Q3'23 91.4% 337 Q3'23 CAGR +27% 58 CAGR +25% allwyn

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