Vici Investor Presentation

TOTAL STOCK RETURN Annual Total Return Target of 10-12% for VICI's Stockholders TSR SINCE IPO (¹) February 1, 2018 December 31, 2021 85.5% 69.4% Feb-18 Feb-19 Feb-20 Feb-21 Dec-21 VICI OUTPERFORMANCE TO DATE Source: FactSet, Bloomberg (1) Reflects VICI IPO price of $20.00 per share on February 1, 2018. 3-YEAR TSR December 31, 2018 December 31, 2021 Dec-18 Dec-19 A Dec-20 87.8% 66.6% Dec-21 VICI Dec 21 YTD TSR December 31, 2021 - November 10, 2022 Mar 22 Dividend yield, same store AFFO growth and sustainable external AFFO growth combine in seeking to deliver superior returns to VICI's stockholders MSCI US REIT Index Jun-22 12.5% Sep-22 (21.3%) 17

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