Vici Investor Presentation slide image

Vici Investor Presentation

PROVEN TRACK RECORD OF SUCCESS EVOLUTION OF VICI SINCE FORMATION - BY ADJ. EBITDA ($MM) (¹) De-levered balance sheet, proved ability to grow, introduced cap rates into gaming real estate Pre-IPO Equity Private Placement UM Harrahs LAS VEGAS 2017 (2) $6902 VICI IPO, de-levered balance sheet, modified lease incentives to align with Caesars and expanded tenant roster IPO, Master Lease Modification, Octavius Tower, Harrah's Philadelphia, Margaritaville Bossier City & Greektown Acquisitions IPO Harrahs PHILADELPHIA PENN ENTERTAINMENT 2018 $722 Proved ability to work with largest tenant while diversifying tenant base Partnership with Eldorado / Caesars E ELDORADO RESORTS CAESARS ENTERTAINMENT. Hard Rock J.A.C.K. CENTURY CASINOS ENTERTAINMENT 2019 $847 1st gaming REIT to expand into a new asset class Invested in Caesars Forum Convention Center and Chelsea Piers Mortgage Loans CHELSEA PIERS NEW YORK CITY CAESARS FORUM 2020 $1,119 Significant acquisitions, significantly increasing scale Acquired the Venetian Resort and MGM Growth Properties and invested in Great Wolf Mezzanine Loans THE VENETIAN RESORT MGM GROWTH PROPERTIES GREAT WOLF LODCE 2021 $1,307 VICI is a world-leading gaming and experiential REIT with increased scale, tenant diversity and access to capital Inaugural investment grade bond offering, S&P 500 inclusion and invested in Cabot and BigShots Golf S&P 500Ⓡ BIGSHOTS GOLF CABOT LQA Q2'22 Further Adj. EBITDA $2,569 (3) (1) See "Reconciliation from GAAP to Non-GAAP Measures" in the appendix for additional information, including the definition and reconciliation to the most comparable GAAP financial measures. (2) Represents (i) $545mm pro forma Adj. EBITDA for the nine months ended September 30, 2017, and (ii) $145mm Adj. EBITDA for the period from October 6, 2017 to December 31, 2017. (3) LQA Q2'22 Further Adjusted EBITDA represents annualized Q2'22 Adjusted EBITDA, adjusted to reflect the impact of the acquisition of MGP as if it had closed on April 1, 2022 instead of the closing date of April 29, 2022. 4
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