Allwyn Investor Presentation Deck
Risk factors
The risks presented below are certain of the general risks related to Allwyn AG (or "Swiss NewCo," following the closing of the Business Combination) (the "Company") (the Company, together with its subsidiaries, joint ventures and
associates, the "Group"), Cohn Robbins Holdings Corp. ("SPAC") and the Proposed Business Combination between the Company and SPAC (the "Business Combination") and such list is not exhaustive. The list below has been
prepared solely for purposes of the Business Combinations, and solely for potential investors in the Business Combination, and not for any other purpose. You should carefully consider these risks and uncertainties, and should
carry out your own diligence and consult with your own financial and legal advisors concerning the risks and suitability of such an investment before making an investment decision. Risks relating to the business of the Company
are included in the Form F-4 filed by the Company with the SEC on May 20, 2022. The risks presented in such filings are consistent with those that would be required for a public company in its SEC filings, including with respect to
the business and securities of the Company and SPAC and the Business Combination, and may differ significantly from, and be more extensive than, those presented below.
Risks Related to the Group's Industry and Business
Risks related to COVID-19 and related public health measures;
Risks related with the strict and ongoing regulation of the lottery and gaming industry;
Risks related to the maintenance of licenses and concessions in each jurisdiction, which may be dependent on shareholders also meeting specific regulatory requirements;
Risks related to the potential loss, modification, or challenges to Allwyn AG's licenses and concession agreements;
Changes in tax regimes, tax audits, tax penalties, and special levies and fees;
Risks related to Allwyn AG's potential inability to respond to future changes in technology;
Risks related to government actions, political events or other changes in the countries in which Allwyn AG operates;
Risks related to the competitiveness of the gaming industry;
Risks related to the illegal lottery and gaming market and competitors whose legal status is unclear;
Inability to successfully obtain the expected benefits from existing or future strategic investments, partnerships and acquisitions;
Risks related to not wholly owning several of the entities that operate Allwyn AG's businesses and that account for a substantial portion of its GGR;
Risks related to the use of a network of agents for product distribution;
Reliance on a low number of suppliers;
Allwyn AG's business model depending upon the continued comparability between its platforms and the major mobile operating systems and upon third-party platforms for its product distribution;
Risks related to Allwyn AG's business and third parties' failure to maintain effective compliance procedures and policies;
Risks related to the egative perception and publicity about the lottery and gaming industry;
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Technical failures and security breaches of operating systems and networks;
Risks related to pay-out fluctuations or betting outcomes;
Fluctuations in the timing and frequency of sporting events during the calendar year;
Inability to successfully maintain and enhance Allwyn AG's brands;
Risks related to the name change and rebranding from SAZKA Entertainment to Allwyn;
Uncertainties about consumer preferences for lotteries and games;
Identification of a material weakness and a potential failure to maintain effective and proper internal controls;
Swiss NewCo's Slovakian auditor is not currently subject to PCAOB inspection;
Uncertainties surrounding Allwyn AG's online offerings;
Risks related to data leakage;
Risks related to work stoppages or other labor disputes;
Inability to attract, train or retain key management and qualified employees;
Taxation of unrealized foreign exchange gains;
Failure to maintain adequate insurance for Allwyn AG's business activities;
Risks related to the breach of intellectual property rights;
Risks related to Allwyn AG's substantial indebtedness;
Control exerted by the existing major shareholder of Allwyn AG;
Risks related to additional tax liabilities;
Uncertainties surrounding Allwyn AG's financial projections of Allwyn AG and its subsidiaries;
Risks relating to Allwyn AG's substantial indebtedness;
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