Allwyn Results Presentation Deck

Strong free cash flow generation Reflects asset light business model and high profitability ● ● ● Clean EBITDA with only limited adjustments - Increase in adjustments YoY primarily relates to expensing of costs incurred ahead of new UK National Lottery Licence in February 2024 Consistently low ongoing capex requirements in operating businesses Sustained strong free cash flow conversion 23 1) Calculated as (Adj. EBITDA - Capex) / Adj. EBITDA Adjusted EBITDA 43.8% Capex 151 161 Q1'19 10 Q1'19 93.3% 141 Q1'19 46.9% 138 Consolidated FCF (€m) 110 Q1'20 Operating EBITDA 13 Q1'20 Adjusted FCF (Adjusted EBITDA - Capex) 90.9% 90.5% 125 47.2% Q1'20 144 133 Q1'21 13 Q1'21 131 Q1'21 EBITDA Margin (% of Net Revenue) 46.6% 270 267 Q1'22 EBITDA Adjustments 19 Q1'22 93.0% 251 Q1'22 Cash Conversion¹ 42.7% 347 329 Q1'23 25 Q1'23 92.9% 322 Q1'23 CAGR +23% CAGR +23% allwyn

View entire presentation