Slide 1: 4Q23 Earnings Presentation
Csubiys™ 4023 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: 4Q23 Earnings Highlights, Operating Highlights and Development Updates
4Q23 EARNINGS 4Q23 OPERATING DEVELOPMENT HIGHLIGHTS HIGHLIGHTS UPDATES ❖ Casinos & Resorts: ❖ Chicago Temp ramp continues: ❖ Chicago Permanent Casino: • Revenues increased 7% Y/Y • Property began 24/7 operations in • Remains on schedule for a third • Recently re-imagined KC property late December qu
Slide 4: Casinos & Resorts
CASINOS & RESORTS
Slide 5: Casinos & Resorts Property Overview and Revenues
coming soon (1) Properties 17 Active Employees 10,500 # of Slot Machines/VLTs 15,000 # of Gaming Tables (total) 600 # of Hotel Rooms 5,300 C&R Revenues 4Q21-4Q23 $342 $319 $278 States with Casino States / Provinces with iGaming / OSB access 4Q21 4Q22 4Q23 © 2024 Bally's Corporation. All rights reser
Slide 6: Chicago Temporary Casino continues to ramp as operations pick up
Property continues to ramp as operations pick up ❖ More than 455,000 visitors to-date ❖ Second most visited casino in Illinois and top 2 table games operator by revenues ❖ Nearly 60,000 new members enrolled in Bally’s Rewards ❖ Growth in rated game days, repeat visitation from Bally’s Reward custome
Slide 7: International Interactive
(sally INTERNATIONAL INTERACTIVE
Slide 8: International Interactive revenue and UK performance
❖ Revenue growth of 2% Y/Y in 4Q23 on a USD basis ❖ Revenue growth of 10% in USD and 5% Y/Y growth in 4Q23 in ❖ Full-year 2023 revenue growth of 3% Y/Y constant currency ❖ Bally’s UK iGaming market share(1) is estimated to be ~15%; ❖ Continued growth ahead of market driven by strong customer slot op
Slide 9: North America Interactive: iGaming First
(sally NORTH AMERICA INTERACTIVE “iGAMING FIRST”
Slide 10: 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 4Q23 launches included: ❖ Interactive – IN, NY and IA Bally Bet OSB Rollouts ❖ Retail – Shreveport (SST) and Quad Cities Planned roll-outs for 1Q24 include: States 3Q23 4Q23 ❖ 1 retail location (pending reg
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: 4Q23 Financial Results by Segment
in $ millions 4Q23 Y/Y % ❖ Core C&R revenue growth of 7% driven by Casinos & Resorts $342 7% overall portfolio strength, offset in part by wind down of Tropicana International Interactive $236 2% North America Interactive $33 27% ❖ Improved share in most regions and outperformed market GGR comps in
Slide 13: Full Year Guidance Range
Revenues: $2.5B - $2.7B ❖ Casinos & Resorts first quarter impacted by Full Year Guidance Range Adjusted EBITDAR: $655M - $695M severe weather across the US, particularly in January Revenues: $1.4B - $1.5B ❖ Chicago Temporary casino reaches normalized Casinos & Resorts Adjusted EBITDAR: $410M - $440M
Slide 14: Net Debt and Fully Diluted Shares Outstanding
Cash and Cash Equivalents ~$163M Common Shares Outstanding as of December 31, 2023 39,973,202 $620M Revolving Credit Facility, 2026(1) $335M Sinclair Warrants and Options(1) 12,830,730 Senior Secured Term Loan Facility, 2028(1) $1,906M Transaction Warrants and Contingent Shares 52,754 Total Secured