Slide 1: 1Q24 Earnings Presentation
Bali s™ 1024 EARNINGS PRESENTATION
Slide 2: Forward-Looking Statements; Non-GAAP Financial Measures
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements as to matters that are not historical facts and include statements about Bally’s Corporation’s (“Bally’s”) plans, objectives, expectat
Slide 3: Investment highlights
Geographic diversity and global footprint with 1 strong brand recognition Resilient and highly profitable core Casinos & Resorts and 2 International Interactive businesses generate stable cash flows Well-positioned to take advantage of North American iGaming 3 opportunities as additional US states c
Slide 4: 1Q24 Earnings Highlights, Operating Highlights and Development Updates
1Q24 EARNINGS 1Q24 OPERATING DEVELOPMENT HIGHLIGHTS HIGHLIGHTS UPDATES ❖ Casinos & Resorts: ❖ Chicago Temp ramp continues: ❖ Chicago Permanent Casino: • Revenues increased 4% Y/Y • 6 consecutive months of GGR • Remains on schedule for a 3Q26 ❖ UK drove International Interactive growth opening perfor
Slide 5: Casinos & Resorts
CASINOS & RESORTS
Slide 6: Casinos & Resorts properties and revenues
coming soon (1) Properties 16 Active Employees 9,900 # of Slot Machines/VLTs 15,000 # of Gaming Tables (total) 550 # of Hotel Rooms 3,900 C&R Revenues 1Q21-1Q24 $329 $342 $280 $189 States with Casino (1) Property count includes 3 Blackhawk, CO properties and excludes Arapahoe Park Racetrack in Auror
Slide 7: Chicago temporary casino continues to ramp as operations pick up
Property continues to ramp as operations pick up ❖ Property posted 6 consecutive months of GGR growth ❖ More than 740,000 visitors to-date ❖ Second most visited casino in Illinois ❖ Second largest table games operator by revenues in Illinois ❖ Over 80,000 new members enrolled in Bally’s Rewards vers
Slide 8: Development projects: State College, Las Vegas, New York golf links
01 02 03 Bally’s State College – TBD Bally’s Las Vegas - TBD Bally’s Golf Links New York - TBD ❖ Development project in College Township, ❖ Tropicana closed in April 2024 ❖ Acquired the concession rights to operate PA (State College) ❖ 9 acres of site to feature new baseball stadium 222-acre golf co
Slide 9: International Interactive
(sally INTERNATIONAL INTERACTIVE
Slide 10: International Interactive results and UK strategic growth opportunity
❖ UK revenue increased 12% in USD and 7% in GBP though total ❖ UK White Paper leading to share gains and consolidation segment revenue declined by 4.4% Y/Y in Q1 2024 opportunities; our calculated low reliance on VIP insulated us ❖ Segment margins improved by ~290 basis points Y/Y from stake limits,
Slide 11: North America Interactive
(sally NORTH AMERICA INTERACTIVE
Slide 12: North America Interactive strategic highlights for 1Q24
Strategic Highlights for 1Q24 New Jersey (launched 12/21) ❖ Growth in customer value powered by improved product proposition ❖ GGR annualizing at >$90M Pennsylvania (launched 6/23) ❖ Significant expansion of player base driven by exceptional customer retention and a growing actives base ❖ First GP-p
Slide 13: Bally Bet OSB a funnel to cross-sell into retail and iGaming
Bally Bet OSB a funnel to cross-sell into retail and iGaming ❖ Measured approach to marketing Bally Bet OSB Markets Roll-outs for 1Q24 included ❖ Web-based OSB launched in all 7 territories States Live 2H24 ❖ Retail Sportsbook launched in Evansville, IN Ohio Virginia Additional roll-outs targeted in
Slide 14: Financial Overview
FINANCIAL OVERVIEW
Slide 15: 1Q24 financial results by segment
in $ millions 1Q24 Y/Y % ❖ Core C&R revenue growth of 4% driven by Casinos & Resorts $342 4% the Chicago Temp and overall portfolio strength post January weather effects, International Interactive $235 (4%) offset in part by wind down of Tropicana North America Interactive $41 70% ❖ C&R Adjusted EBI
Slide 16: Full year guidance
Revenues: $2.5B - $2.7B ❖ Chicago Temporary casino reaches normalized Full Year Guidance Range Adjusted EBITDAR: $655M - $695M operations run-rate in 2H24 ❖ Tropicana closure on April 2nd, removed from Revenues: $1.4B - $1.5B guidance Casinos & Resorts Adjusted EBITDAR: $410M - $440M ❖ FX rates: Ass
Slide 17: Net debt and fully diluted shares outstanding
Cash and Cash Equivalents ~$169M Common Shares Outstanding as of March 31, 2024 40,483,375 $620M Revolving Credit Facility, 2026(1) $355M Sinclair Warrants and Options(1) 12,830,730 Senior Secured Term Loan Facility, 2028(1) $1,901M Transaction Warrants and Contingent Shares 52,754 Total Secured Deb
Slide 18: Thank you
THANK YOU