Allwyn SPAC Presentation Deck
Summary of investment opportunity
✔ Leading lottery led entertainment platform
✔✔Scaled business that is expected to generate $810mm / €710mm of 2022E
EBITDA¹ with 95% cash conversion²
✔ High operating barriers to entry
Positioned to capitalize from continued shift to digital
Attractive organic and inorganic growth opportunities with expected significant
available balance sheet capacity
Potential for substantial upside from UK / US opportunity beyond the plan
✔ Opportunities to invest at compelling transaction value relative to industry
comps
37 1)
2)
3)
Expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE
shareholders, with potential for combined incremental 9.4mm common shares to
be issued further reducing entry price³
Note: EUR:USD spot rate of 1.14 applied, sourced from Capital IQ as of 7-Jan-22
Note: All financials calendarized to Dec-YE
427
29
24
Tu
34
47
JA
S
Scratch Lot
SSS
Scratch Lo
34
online
LOTTERY
Based on management estimates (subject to material change)
Calculated as (Adj. EBITDA - capex) / Adj. EBITDA
Includes impact from expected bonus pools for non-redeeming Cohn Robbins shareholders and PIPE shareholders, with potential for combined incremental 9.4mm common shares to be issued. Bonus pool for PIPE and non-redeeming shareholders is variable based
on number of redemptions. Shares underlying CRHC warrants expected to be adjusted by the same ratio
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