Boyd Group Revenue Growth and Market Analysis

Adjusted EBITDA (US$ millions) Annualized Decline of 4.58% $250.0 $241.1 $200.0 $150.0 $100.0 $50.0 $- 2019 $220.0 $219.5 2020 *Results for 2020 were severely impacted by the COVID-19 Pandemic, and results for 2021 were impacted by a tight labor market, supply chain disruption and the COVID-19 Pandemic **Adjusted EBITDA is a non-GAAP financial measure and is not a standardized financial measure under International Financial Reporting Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, please see "Non-GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated March 23, 2022) for the period ended December 31, 2021. 2021 THE Boyd GROUP 24

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