Dave & Buster's Entertainment, Inc. · NASDAQ:PLAY
Dave & Buster's Entertainment — Investor Presentation (July 2026)
24 slides from Dave & Buster's Entertainment's investor presentation, July 2026
Slide 1: Dave & Buster's
Slide 2: This guy named Dave loved all things fun & games
id THIS GUY NAMED DAVE LOVED ALL THINGS FUN & GAMES. THIS GUY NAMED BUSTER LOVED FINE FOOD & DRINK. THAT'S HOW IT ALL BEGAN. dd (AVE NSTERS
Slide 3: Eat, Drink, Play, Watch
eg —-| IER SEA OE (ee ‘DRINK PLAY — WATCH
Slide 4: Dave & Buster's at a glance
FOUNDED: 1982 VISITS: www.franchising.daveandbusters:com DAVE & BUSTER AT A GLANCE [Ik HEADQUARTERS: 5 © DALLA nea +180 AX GEOGRAPHIC AQ us, STATES| PRESENCE: CANADA | PUERTO RICO | INDIA | PHILIPPINES | DOMINICAN REPUBLIC | AUSTRALIA | MEXICO ANNUAL GUESTS WORLD CLASS ARCADE GAMES, & ENTERTAINMENT
Slide 5: Company milestones
DAVE & BUSTER'S COMPANY MILESTONES DECEMBER 1982 OCTOBER 1992 JUNE 2000 OCTOBER 2016 DALLAS, TX ATLANTA, GA TORONTO TOLEDO, OH First Dave & D&B opens first location International 100thlocation opens Buster's location outside of Texas expansion to Canada opens xn Ww oO ire) (— er) olUCOlUlUClCUCO on
Slide 6: Slide 6
Slide 7: Highly differentiated business model brings together best features
HIGHLY DIFFERENTIATED BUSINESS MODEL BRINGS TOGETHER BEST FEATURES OF AMUSEMENT PARKS ENTERTAINMENT COMPANY 9 AND F&B INDUSTRIES v Unique and differentiated Y Differentiated Y Strong unit economics experience experience : 6 B Y Convenient locations Y High free cash flow Y Clearleaderina > Nationalee
Slide 8: Well-positioned
v WELL-POSITIONED
Slide 9: Gaining global momentum
*As of June 2026 Vv GAINING GLOBAL MOMENTUM MUMBAI (202 __ MEXICO CITY (come SOOK 2026 eae CUMULATIVE STORE GROWTH YOY at 2024 2025 2026
Slide 10: Distinctive brand
v_ DISTINCTIVE BRAND am *As of Feb 2026
Slide 11: Well-positioned, distinctive brand
WELL-POSITIONED, DISTINCTIVE BRAND BRAND PERCEPTION ABOVE / BELOW GROUP AVERAGE FUN PLACE GOOD PLACE T0 SPEED OF FUN & FRIENDLY TOVISIT WATCH SPORTS SERVICE SERVICE
Slide 12: Broad guest appeal
WITH BROAD GUEST APPEAL BALANCED MIX OF FAMILIES AND ADULTS, MALES AND FEMALES
Slide 13: Widely appealing and widely recognized
(AVE \ ¢ WIDELY APPEALING AND TER WIDELY RECOGNIZED ON-TREND WITH 21-39 YEAR-OLDS ATTRACTS FAMILIES COMPELLING VENUE FOR CORPORATE AND SOCIAL SPECIAL EVENTS
Slide 14: And a big following...
AND A BIG FOLLOWING... @daveandbusters dt 743.6 Kran [- WINNER TIP #2: PIU IS BOTH FUN AND A SOLID CARDIO WORKOUT. f 714 K Facebook
Slide 15: Screenshot 2026-06-25 at 6.00.13 PM
Screenshot 2026-06-25 at 6.00.13 PM
Slide 16: Investment thesis
INVESTMENT THESIS 900 6000 Highly differentiated entertainment company Clearleaderina high-growth industry Diversified business model Long termtrack record of profitable growth through cycles Compelling free cash flow profile Attractive unit economics Numerous levers to drive Adj. EBITDA &cash flow
Slide 17: Entertainment focus driving sales and profit
ENTERTAINMENT FOCUS DRIVING SALES AND PROFIT 2006 2024 2025 “RESTAURANT FOCUS” “ENTERTAINMENT FOCUS” la { (Pr 56% 44% 35% 65% 33% “3 REVENUE MIX EBITDAMa rgin 1) For FY2006 and FY2023, respectively
Slide 18: Unit volumes among highest in the industry
UNIT VOLUMES AMONG HIGHEST IN THE INDUSTRY 2023 AVERAGE UNIT VOLUME (AUV) COMPARISON (SMILLIONS) AVES « NSTERS AUVS BEFORE GAMES $3.9 Source: Company filings. Dave & Buster’s AUV represents FY 2023and onlyincludes comparable stores. Peer group AUVs representFYE December 2019, except for Chili's & Ma
Slide 19: Mix drives superior gross margin & store profitability
MIX DRIVES SUPERIOR GROSS MARGIN & STORE PROFITABILITY A 500+ BASIS POINT ADVANTAGE IN GROSS PROFIT MARGIN (AVES NSTER’S on A500+ BASIS POINT ADVANTAGE IN GROSS PROFIT MARGIN 76.8% AVERAGE 854% 714k hh mat rirfirere = A500+ BASIS POINT ADVANTAGE IN EBITA MARGIN 22.6% 18.6% 20% ; : = : — ; —_ : P| :
Slide 20: Significant brand potential with high return stores
SIGNIFICANT BRAND POTENTIAL WITH HIGH RETURN STORES TARGET NEW STORE ECONOMIC MODEL TARGET YEAR-ONE STORE “NEW SMALL” STORE MEDIUM STORE LARGE STORE ECONOMICS ($MILLIONS) (15K — 25K SQ. FT.) (25K — 30K SQ. FT.) (30K — 45K SQ. FT.) TOTAL REVENUE $6.9 $7.0 $11.0 NORTH AMERICAN POTENTIAL STORE STORE OP
Slide 21: Experienced leadership team
EXPERIENCED LEADERSHIP TEAM TARUN LAL DARIN HARPER BRIAN MCCLEARY ANTONIO BAUTISTA ALDO ROSALES LES LEHNER Chief Executive Officer Chief Finance Officer Interim Chief Operating President of International Chief Strategy Officer Chief Development Experience +30 yrs Experience +20 yrs Officer Experienc
Slide 22: Takeaways
@ « © TAKEAWAYS rs ) Experienced leadershipteam with high competency level on growth, sustainability and profitability Resilient, with cross generational, global appeal Robust operating model with highly competitive margins Accelerating strategic initiativesto drive growth, domesticallyand internati
Slide 23: Qualifying requirements for franchise
QUALIFYING REQUIREMENTS FOR FRANCHISE There are numerous factors that we take into consideration when assessing applicants for a Dave & Buster's franchise. To assist us in this process, we would like to get to know you better. Please review the questions and answer them as best you can, stating all
Slide 24: Thank you!
THANK YOU! WE CANNOT EXPRESS OUR FULL THANKS, BUT HOPEFULLY THESE WORDS ARE A START.
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