Allwyn Investor Conference Presentation Deck

Strong free cashflow generation Reflects asset light business model and high profitability • Clean EBITDA with only small adjustments Consistently low capex requirements Strong FCF across geographies reflected in dividend distributions and repayment of debt at subsidiary level ● 25 – €304m distributions (o/w €221m in cash) in Q3-22 net to interest at end of quarter OPAP distributed €1.4 per share in Q3 and €0.3 interim dividend in Q4, representing its highest ever annual pay-out EBITDA Margin² Cash Conversion³ Note: 2021 figures restated for treatment of Stoiximan GGR. 1) Pro rata calculation based on economic ownership as at each respective period end Calculated as Adj. EBITDA/NGR Calculated as (Adj. EBITDA - Capex)/Adj. EBITDA Adjusted EBITDA Capex 41.0% 95 95 Q3'19 5 Q3'19 90 Pro-rata basis¹ Q3'19 34.3% 8 Q3'20 Adjusted FCF (Adjusted EBITDA - Capex) 94.8% 92.9% 119 114 Q3'20 Operating EBITDA 111 Q3'20 52.7% 166 160 Q3'21 EBITDA Adjustments 7 Q3'21 95.9% 159 Q3'21 51.0% 204 196 Q3'22 7 Q3'22 96.5% 197 Q3'22 CAGR 29.0% CAGR 29.8% allwyn

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