Penn Entertainment, Inc. · NASDAQ:PENN

Penn Entertainment — Penn National Gaming — Investor Presentation (September 2020)

16 slides from Penn Entertainment's investor presentation, Sep 29, 2020

  1. Slide 1: Acceleration of Unique Omni-Channel Strategy

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 1 Penn National Gaming, Inc . Acceleration of Unique Omni - Channel Strategy September 29, 2020

  2. Slide 2: Non-GAAP Financial Measures

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 2 Non - GAAP Financial Measures The Non - GAAP Financial Measures used in this presentation include Adjusted EBITDA, Adjusted EBITDAR, and Ad

  3. Slide 3: Forward-Looking Statements

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 3 Forward - Looking Statements This presentation contains “forward - looking statements” within the meaning of the Private Securities Litigat

  4. Slide 4: Recent Equity Offering

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 4 Recent Equity Offering » Offering Summary • On September 29, 2020, we raised gross proceeds of $982.1 million of common stock • As such, ou

  5. Slide 5: Performance Update

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 5 Performance Update » 3Q20 Expected Results: • Revenue: $1,040M - $1,145M (Consensus Estimates: $1,014M 1 ) • EBITDAR: $410M - $450M (Consen

  6. Slide 6: Accelerating Our Strategy

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 6 New State Launches Shareable Bet Slips Live Streaming Content Enhanced Barstool Integrations New Sportsbook Features Best in Class iCasino

  7. Slide 7: Unique Omni-Channel Platform

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 7 Unique Omni - Channel Platform 66m Stoolies 20m members Retail Sportsbooks Regional Casinos Mobile Sportsbook Mobile iCasino

  8. Slide 8: Barstool Retail Sportsbooks

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 8 Barstool Retail Sportsbooks » Accelerating plans to convert our retail sportsbook to Barstool Sportsbooks and attract new demographics to o

  9. Slide 9: Barstool Sports Betting App

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 9 Barstool Sports Betting App THE BARSTOOL SPORTSBOOK APP COMBINES BARSTOOL TALENT WITH THE MOBILE SPORTS BETTING EXPERIENCE

  10. Slide 10: Barstool's Unmatched Following

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 10 391 3 6 293 47 55 INSTAGRAM FOLLOWERS TWITTER FOLLOWERS Barstool’s Unmatched Following 8,800 106 86 2,500 300 232 (#’s in Thousands) (#’s

  11. Slide 11: The Next Generation of Online Betting

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 11 The Next Generation of Online Betting CREATING WIDELY FOLLOWED CONTENT AROUND SPORTS BETTING… AND NEW AND ENGAGING WAYS TO BET BARSTOOL HA

  12. Slide 12: Early Success in Pennsylvania

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 12 Early Success in Pennsylvania 24K Registrations in PA in first 4 days of launch 12K First Time Depositors in PA represents average deposit

  13. Slide 13: The Omni-Channel Advantage

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 13 The Omni - Channel Advantage The more channels the customers participate in, the more value they generate Base 4.8x 5.0x 12.6x 0.6x 0.6x R

  14. Slide 14: Sports Betting and iCasino Opportunity – Updated

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 14 Sports Betting and iCasino Opportunity – Updated Illustrative Market Share and Financial Impact ($bn) We can achieve ~ 13% market share by

  15. Slide 15: Appendix

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 15 Appendix

  16. Slide 16: GAAP to Non-GAAP Reconciliation

    ibdroot \ projects \ IBD - NY \ hadley2020 \ 662888_1 \ Investor Presentation \ Template (From PNG) \ Project Fastbreak Investor Presentation_vF (Part 1).pptx 16 GAAP to Non - GAAP Reconciliation ($ in millions) 2017 2018 2019 For the six months ended June 30, 2020 Net income $ 473.4 $ 93.5 $ 43.1 $

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