Vici Investor Presentation

VICI DIVIDEND DURABILITY AND GROWTH SINCE FORMATION VICI HAS CONSISTENTLY RAISED ITS 100% CASH DIVIDEND WHILE TARGETING A 75% PAYOUT RATIO Growth in Annualized Dividend Per Share... ...Supported by 100% Cash Rent Collection... ...and Accretive Portfolio Growth VICI's low target AFFO payout ratio of 75% results in meaningful retained cash that can be used for accretive investments +9.5% $1.15 Q3'18 $0.2875 +3.5% $1.19 Q3'19 +10.9% VICI $1.32 Q3'20 Quarterly Dividend Per Share $0.2975 $0.3300 +9.1% $1.44 Q3'21 $0.3600 100% Rent Collection to Date Including During COVID-19 Pandemic 100% 100% Q1' 20 Q2' 20 100% 100% Q3' 20 Q4' 20 100% Q1' 21 100% 100% Q2' 21 Q3' 21 100% 100% 100% Q4' 21 Q1' 22 Q2'22 ~$30 BILLION OF ACCRETIVE INVESTMENTS MADE SINCE FORMATION 29 ASSETS ADDED TO THE PORTFOLIO SINCE FORMATION Hard Rock ~$29 BILLION OF CAPITAL MARKETS ACTIVITY SINCE FORMATION play 12

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