Enjoy S.a. · BCS:ENJOY

Enjoy — Q1 2021 Earnings Presentation

33 slides from Enjoy's earnings presentation, May 28, 2021

1. Slide 1: Presentation Results 1Q 2021

   P R E S E N TAT I O N R E S U LT S 1Q M A Y 2021 2 8 , 2 0 2 1

2. Slide 2: Highlights, Operations, Quarterly Results, Reorganization Procedure

   HIGHLIGHTS OPERATIONS 1Q QUARTERLY REORGANIZATION RESULTS PROCEDURE

3. Slide 3: Highlights 1Q21

   R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 HIGHLIGHTS 1Q21

4. Slide 4: Executive Summary: Intermediate bonds issued in January

   EXECUTIVE SUMMARY R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 1 On J an u ary 2 2 Enjoy issued:  Intermediate Bonds U, V, W: • Ammount: $ 2 .0 15 m illion s • Maturity: 2027 • Use of proceeds: exchange of Commercial Papers  Intermediate Bonds X, Y, Z: • Ammount: $ 2 0 .4 31 m illion s • Maturit

5. Slide 5: Executive Summary: Preferential Offering Period, warrants and Bond T

   EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 2 Between March 18 and April 16, the Preferential Offering Period for C on v er t ible Q, R and T Bonds and Warrant was held. Shares and bonds were subscribed and paid for a total amount of $ 28,431 milli

6. Slide 6: Executive Summary: Bonds R and Q

   EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 2 3. Bond R: • Total shares offered: $ 131.4 99 m illion s • Subscription and payment: $ 72 7 m illion s • Conversion price: $ 5,0 5 per stock 4. Bond Q: • Total shares offered: $ 36.2 50 m illion s • Sub

7. Slide 7: Executive Summary: Board of Directors changes

   EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 3 On April 8, in an On April 29, at the Ordinary Extraordinary Session of Shareholders' Meeting, a n ew B o ar d of Enjoy's Board of Directors, D ir ec t or s was elected for the next 3- the following pre

8. Slide 8: Executive Summary: April 30 prepayments and bond placements

   EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 4 On April 30 , 2 0 2 1, the following was carried out:  Mandatory Prepayment U n sec u r ed de bt ac c or d in g t o D ebt R e or gan i z at i on Procedure Creditors ($197.391 millions)  Mandatory Prep

9. Slide 9: Executive Summary: Placement of bonds R, T and S

   EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 4  Placement of c on v er t ible bon ds ser ies R : $129.088 millions • Do not accrue interest • Maturity: August 14, 2119  Placement of con v ert ible bon ds series T: $65.000 millions • Interest rate:

10. Slide 10: Executive Summary: Sale of 40% of Casino de Colchagua

    EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 5 On A pr il 14 , Enjoy Gestión Limitada, a subsidiary of Enjoy S.A., entered into a Share Purchase and Sale Promise Agreement with Inversiones Colchagua S.A. over all operator shares of the Santa Cruz ga

11. Slide 11: Executive Summary: Reopening protocol and closures

    EXECUTIVE SUMMARY P RR EE SS EUNL T TAS CPI R Ó ENS R EEN ST U ATLT IOAN D O1 S Q 12Q0 2210 2 1 6 • On February 18, a new protocol for voluntary reopening from Phase 2 is reported. • From March 13 at 05:00 the prohibition of the operation of Casinos in Phase 2, during the month of March. • Dates clo

12. Slide 12: Operations: Reopening

    R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 REOPENING OPERATIONS

13. Slide 13: #Enjoy Cares: Reopening Casinos

    REOPENING R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 #ENJOY CARES REOPENING CASINOS 13

14. Slide 14: Protocol in force as of February 18

    REOPENING R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 PROTOCOL IN FORCE AS OF FEBRUARY 18 Quarantine Transition Preparation Initial opening Step 1 Step 2 Step 3 Step 4 Since March Forbidden Operation only in open spaces. Operation in open and closed spaces. Operation in open and closed spaces. in

15. Slide 15: Reopening status by casino

    REOPENING R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY TOTAL CASINOS DAYS COMUNE 9-15 16-22 23-29 1-6 7-13 14-20 21-31 4-10 11-17 18-24 25-31 1-7 8-14 15-21 22-28 1-7 8-14 15-21 22-28 1-4 5-11 12-18 19-30 3-9 10-16 17-23 24-31 OPEN STATUS ANTOFAGA

16. Slide 16: Casino operation license projects

    PROJECTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CASINO OPERATION LICENSE PROJECTS ESTIMATED DATES BEGINNING LICENSES + days on step 1 + days on step 1 Viña del Mar Base 2020-2021 +180 days Coquimbo Base 2020-2021 +180 days Casino 29-09-2020 30-01-2021 30-07-2021 Casino 29-03-2021 07-07-2021

17. Slide 17: Pucón project progress

    PROJECTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CASINO OPERATION LICENSE PROJECTS PROJECTS PROGRESS Pucón Progress 41% End Date December 23, 2021 17

18. Slide 18: Pucón

    PROJECTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CASINO OPERATION LICENSE PROJECTS PROJECTS PROGRESS Pucón 18

19. Slide 19: Coquimbo project progress

    PROJECTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CASINO OPERATION LICENSE PROJECTS PROJECTS PROGRESS Progress 63% Coquimbo End Date November 20, 2021 19

20. Slide 20: Viña del Mar project progress

    PROJECTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CASINO OPERATION LICENSE PROJECTS PROJECTS PROGRESS VIÑA DEL Progress 83% MAR End Date June 30, 2021 20

21. Slide 21: Quarterly Results

    R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 QUARTERLY RESULTS

22. Slide 22: Quarterly Results

    QUARTERLY RESULTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CLP$ MM 1Q20 1Q21 Var YoY ∆% Revenue 1Q21: Revenue 82.973 20.040 -62.932 -75,8% CLP$ MM 20,040 (-75.8% a/a) Sales Costs -61.430 -26.804 34.626 -56,4%  Lower revenues due to the closure of Casinos due to Gross margin 21.543 -6.764 -28.

23. Slide 23: Balance Sheet

    QUARTERLY RESULTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 BALANCE SHEET Total Assets reported a decrease of 1.37%, explained by: CLP$MM Assets dec-20 mar-21 ∆% CURRENT ASSETS: • Decrease of $ 8,170 million, product of Cash 68.352 60.687 -11,21% intermittent operations in the 1st quarter Total

24. Slide 24: Partial openings results: EBITDA and income

    QUARTERLY RESULTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 PARTIAL OPENINGS RESULTS % OPENING 30.000 100.000 days 20,193 20.000 80.000 28.6% 4Q20 EBITDA AND 10.000 60.000 -18,916 -17,693 -15,821 -4,829 39.5% 1Q21 0 40.000 INCOME 82.973 -10.000 20.000 QUARTERLY -20.000 8.033 20.040 0 -30.000 -6

25. Slide 25: Structure costs and expenses

    QUARTERLY RESULTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 STRUCTURE COSTS AND EXPENSES NEW LIGHTER FIXED COSTS STRUCTURE: remains on time 1. ENJOY SANTIAGO CASE WIN / Day / Slots ENJOY SANTIAGO Days open 77 78 Improve Mg (same amount of days): +152% 20% • Lower revenues mg/EBITDA 6% WIN / Day

26. Slide 26: Structure costs and expenses: Punta del Este

    QUARTERLY RESULTS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 STRUCTURE COSTS AND EXPENSES 3. PUNTA DEL ESTE CASE EBITDA EXPENSES SALES 1Q21 Quarter 4Q20 NORMALIZED CLOSED Q NORMAL OPEN 1Q21 -18% 34 Mg/EBITDA 12 Incremental* 1Q20 1Q21 -7,0 -6.8 1Q21 1Q20 1Q21 VARIABLE STRUCTURE 46% + FLEXIBILITY

27. Slide 27: Capitalization & Debt Reorganization Procedure

    R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CAPITALIZATION & DEBT REORGANIZATION PROCEDURE

28. Slide 28: First POP

    R E O R G A N I Z AT I O N P R O C E D U R E R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 FIRST POP Enjoy shareholders Funds raised 1. WARRANTS 2. BOND T 3. BOND R 4. BOND Q first POP CLP 13,102 CLP 14,583 CLP 728 CLP 19 millions millions millions millions RAISED FUNDS CLP 28,431 millions 28

29. Slide 29: Reorganization agreement implementation finished

    R E O R G A N I Z AT I O N P R O C E D U R E R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 REORGANIZATION AGREEMENT IMPLEMENTATION FINISHED  Bridge Loan Financing CLP $ M 50 million September 4, 2020  Release of Time Deposits CLP $ M 5.2 million July 14, 2020  Release of Time Deposits CLP $ M 9.

30. Slide 30: Capital structure pro forma result

    REORGANIZACIÓN JUDICIAL R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CAPITAL STRUCTURE PROFORM RESULT FOR ILLUSTRATIVE PURPOSES March 30, 21 Valista post Post conversion Post conversion and CLP miles de millones As of the ARJ date Pre POP restructuring New Financing Warrants subscription Financial

31. Slide 31: Stocks transactions

    STOCKS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 STOCKS TRANSACTIONS Date Amount (MM CLP) Average price Stocks (MM) Delta day before 25-05-2021 304.9 $ 4.53 23,423 0 24-05-2021 324.6 $ 4.45 23,423 8 20-05-2021 219.0 $ 4.30 23,415 151 AMOUNTS TRADED 19-05-2021 977.1 $ 4.39 23,264 10 18-05-2021 1

32. Slide 32: Convertible bonds and warrant

    STOCKS R E S U LT S P R E S E N TAT I O N 1 Q 2 0 2 1 CONVERTIBLE BONDS AND WARRANT AMOUNTS CONVERTED AS OF MAY 24, 2021 BENJO-Q BENJO-R BENJO-T TOTAL Conversion ratio 66.67 198.02 266.67 Initial ammount bonds $ 29,572,027,059 129,088,216,905 65,000,000,000 223,660,243,964 Converted bonds $ 10,747,4

33. Slide 33: Contact and disclaimer

    Contact Investor Relations: Carolina Galvez inversionistas@enjoy.cl +56 2 2770 5040 P RE S E N TAT I O N RESULTS 1Q 2 0 2 1 M a y 2 8 2 0 2 1 Disclaimer The information presented in this document has been prepared by Enjoy S.A. (hereinafter the "Company" or "Enjoy, with the purpose of providing gene

Enjoy — Q1 2021 Earnings Presentation on 6ix