Allwyn Investor Presentation Deck

Allwyn compares favorably to primary lottery peers Leading earnings growth coupled with highest cash conversion among lottery comparables 33 Key Allwyn Differentiators 19A-23E NGR CAGR (%) 2023E Adj. EBITDA margin (%) 19A-23E Adj. EBITDA CAGR (%) 2023E cash conversion (%) Total addressable market ● ● Demonstrated ability to enter new geographies, most recently being chosen as preferred bidder in UK tender Track-record of operational efficiency and improvements 5 international markets in operation with a 6th in progress¹ Multi-national Lottery Operator ✔ ✔ ✔ ✔ allwyn 17.3% 45.1% 18.2% 66.2% 2 2021 Cash Conversion of 94.4% €19bn wagered with 9.4% CAGR growth projected FDJ 5.0% 23.9% 8.9% 82.1% Single market lottery operators ~€19bn 2021A wagered with mid-single digit CAGR growth projected Source: Company information, H2GC, Capital IQ as of 20-May-22 Note: All financials calendarized to Dec-YE unless otherwise stated. 1) The award of the UKNL license is currently being contested in a legal challenge. Unless the challenge is successful, Allwyn Entertainment Ltd will be confirmed as the incoming UKNL operator and, subject to a successful period of transition, would become the operator of the UKNL with effect from February 2024 Based on pro rata Allwyn financials sourced from management estimates (subject to material change) 3 Lottery and Keno segments only; historical values based on reported company financials; forecast values based on estimates for Tabcorp Lottery and Keno segment published by a single equity research broker in Mar-22, sourced from Refinitiv. Tabcorp financials and fiscal year as of Jun-YE. Refers to revenue instead of NGR, as NGR not applicable Adj. EBITDA margin calculated with respect to revenue instead of NGR, as NGR not applicable Defined as Adj. EBITDA - capex / Adj. EBITDA. For Tabcorp, represents all business segments, not just the Lottery and Keno segment Represents Australia lottery market Tabcorp Lottery 5.2%4 21.0%5 9.6% 82.5%6 1 I ~AU$7bn 2021A wagered with mid-single digit CAGR projected7 ✔✔Superior performance allwyn

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