Inspired Entertainment, Inc. · NASDAQ:INSE
Inspired Entertainment — Q2 2026 Earnings Presentation
23 slides from Inspired Entertainment's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings ~~ = AUGUST 5, 2026 { N S P| R E D) WINNING ENTERTAINMENT
Slide 2: Safe Harbor / Non-GAAP Financial Disclosures
Safe Harbor / Non-GAAP Financial Disclosures Forward-Looking Statements ‘This resentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These fonwatd-ooking statements include, hut are not limited to, statements regarding our business
Slide 3: Simpler, growing, and deleveraging
a Simpler, growing, and deleveraging Reported quarter-over-quarter for clean comparability post-divestiture DIVESTED & > ey > PROJECTED NET > PREDICTABLE & RESTRUCTURED se LOUD CLIIRENEL NG, LEVERAGE TO<2.5x NIMBLE THREE MONTHS ENDED JUNE 30, 2026 NET LEVERAGE* 3.3K $61m $27m 45% <3.0x Revenue Adjus
Slide 4: 2Q 2026 Key takeaways
rocco rr 2Q 2026 Key takeaways Portfolio actions are driving a stronger, higher margin, better positioned Inspired (dls MARGIN EXPANSION SS CASH & BALANCE SHEET Adicted ESRB RASH $23.3m debt reduction YTD Reaffirmed FY26 Adjusted ustet marelne 2 EBITDA target range of (+1,000bps YoY) $5.2m share rep
Slide 5: UK gaming tax increase tempers strong Interactive performance
a UK gaming tax increase tempers strong Interactive performance UK Interactive continues to gain market share despite UK tax increase INTERACTIVE SEGMENT YoY PERFORMANCE UK GROWTH SINCE INCREASED Sin millions REMOTE GAMING DUTY? Global Interactive Revenue Global Adjusted EBITDA? Inspired UK Gross Ga
Slide 6: Portfolio optimization driving higher margins and scalability
__Margin Expansion _| in Expat Portfolio optimization driving higher margins and scalability Strategic divestments and digital shift deliver higher-margin, more scalable earnings KEY DRIVERS ADJUSTED EBITDA MARGIN? = 5 ¥ Portfolio rationalization 45% (divested low margin business) ¥ Structural cost
Slide 7: Machine performance growing above market and gaining share
a Machine performance growing above market and gaining share Strong performance across key markets 2Q 2026 RETAIL SOLUTIONS PERFORMANCE METRICS William Hill betting shop Greece betting shop Gross win/unit/day Gross win/unit/day o UK per terminal uplift 6% across entire estate? year over year 0 9 +8
Slide 8: UK Interactive continues to gain market share
i UK Interactive continues to gain market share Strong performance from games in key markets : INTERACTIVE WINS SLO 2026 Y 28 different game titles released YTD Y Increasing market share in REG RINGS SOCCER! am UK & US woman ¥ Launch on day one in newly 2024 regulated Alberta market with Interactive
Slide 9: New content studio ready to go
New content studio ready to go More games, bigger buzz, Bee Reel Games studio launching first game in 4Q NEW GAMES STUDIO Y Addition of one new game per month v Market-specific content to supplement existing studio ¥ First game launching in 4Q 2026 BEE REEL GAMES Inspired’s newest interactive games
Slide 10: Interactive has consistently delivered strong H2 seasonal growth
Interactive has consistently delivered strong H2 seasonal growth Holiday game launches have historically driven meaningful sequential growth WHY WE EXPECT STRONG 4Q Y Holiday game releases drive seasonal demand INTERACTIVE 4Q QoQ PERFORMANCE aw. ee x0 ann +14% Y Proven content momentum across operat
Slide 11: Virtual Sports scaling with new products and customers
Virtual Sports scaling with new products and customers World Cup lift, BetWWGM expansion and first Playtech SaaS launch VIRTUAL SOCCER WITH BETBUILDER IRTUAL SPORTS MOMENT +3% 20.2026 sequential Revenue growth quarter over quarter Turnover increase from new Betbuilder +6% mechanic during World Cup?
Slide 12: Transformation progression on track
a Transformation progression on track Compounding Adjusted EBITDA growth, margin expansion and deleveraging as the portfolio simplifies 47% 45% | Adjusted EBITDA up ~31% by 2027E 37% $130 34% 34% sus Margin expansion 34% -> 45%, led by siti higher-margin digital mix $99 $100 Portfolio optimized: div
Slide 13: 20%+ Free cash flow conversion for the full year
a 20%+ Free cash flow conversion for the full year Adjusted EBITDA growth in second half expected to convert to cash at a higher rate FREE CASH FLOW TRACKING H1 2026 H2 2026 FY 2026 ANTICIPATED STRONG {Sin milions) ACTUAL PROJECTION? PROJECTION? FINISH TO THE YEAR ' 115 Adjusted EBITDA, $50.7 $64 $
Slide 14: Clear path to 2027 targets
i Clear path to 2027 targets Compounding growth, expanding margins, strengthening balance sheet fms | > 2026 TARGETS? | a 2027 TARGETS? Adj EBITDA $11im $112m-$118m $125m - $135m Adj EBITDA margin? 37% Up to 45% 45%+ Digital % of Adj EBITDA® 51% 55% 60%+ Cash Capex? $44m $30m-$35m $30m - $35m Free c
Slide 15: Appendix
Appendix
Slide 16: 2Q26 Adjusted EBITDA Commentary
2Q26 Adjusted EBITDA Commentary 2Q26 QoQ ADJUSTED EBITDA! PERFORMANCE ($ in millions) $13 45.1% sus 70.6% $6.1 69.7% 2026 1026 Ml Adjusted EBITDA margin” (a) Reconciliation of non-GAAP financial measures to the most comparable GAAP financial measures shown in appendix. (2) Adjusts ADJUSTED EBITDA BY
Slide 17: Financials: Adjusted Income Statement
Financials: Adjusted Income Statement For the Three-Month Period For the Six-Month Period ended ended Sune 30, June 30, June 30, June 30, (in millions, except per share amounts) 2026 2028 2026 2028 Netineome (1055) 5 02 3 8) s 3) ) tems Relating to Legacy Activities: Pension charges 03 03 os 0s Item
Slide 18: Non-GAAP Reconciliation: Q2 2026 Adjusted EBITDA by Segment
Non-GAAP Reconciliation: Q2 2026 Adjusted EBITDA by Segment Retail, Virtual Solutions _ Sports __ Interactive Corporate Total Net income (loss) s TS 39 § 81 $ (19.5) $ 02 Items Relating to Legacy Activities: Pension charges = = = 03 03 Items outside the normal course of business: Costs of group rest
Slide 19: Non-GAAP Reconciliation: Q2 2025 Adjusted EBITDA by Segment
Non-GAAP Reconciliation: Q2 2025 Adjusted EBITDA by Segment Retail Virtual Solutions Sports Interactive _ Corporate Total Net income (loss) ‘3 87S 468 aS 28.4)$ (7.8) Items Relating to Legacy Activities: Pension charges = = = 03 03 Items outside the normal course of business: Costs of group restruct
Slide 20: Non-GAAP Reconciliation: Q1 2026 Adjusted EBITDA by Segment
Non-GAAP Reconciliation: Q1 2026 Adjusted EBITDA by Segment Virtual Solutions _Sports__Interactive__ Corporate Total Net income (loss) S 54S 38S 107 S (204) (0.5) Items Relating to Legacy Activ Pension charges - = = 03 03 Items outside the normal course of business: Costs of group restructure 03 03
Slide 21: Non-GAAP Reconciliation: Q1 2025 Adjusted EBITDA by Segment
Non-GAAP Reconciliation: Q1 2025 Adjusted EBITDA by Segment Retail Virtual Solutions _Sports__Interactive _Corporate_ Total ‘Net income (loss) $255 495 69 S$ (44)s 1) Items Relating to Legacy Activities: Pension charges _ = - 02 02 Items outside the normal course of business: Costs of group restruct
Slide 22: Q2 2026 Pro Rated Segment Adjusted EBITDA Contribution
Q2 2026 Pro Rated Segment Adjusted EBITDA Contribution Retail Virtual Corporate Solutions Sports Interactive Functions _ Total Total Revenue s 36.2 S_89 $157 _$_ — $__ 608 Segment % of Total Revenue 59.5% 14.6% 25.8% 100.0% Adjusted EBITDA 5 18.4 s Corporate allocation 0) Segment-level Adjusted EBIT
Slide 23: Q2 2025 Pro Rated Segment Adjusted EBITDA Contribution
Q2 2025 Pro Rated Segment Adjusted EBITDA Contribution Retail ual Corporate Solutions Sports _ Interactive Functions _ Total Total Revenue S$ 575 S92 $ 13.6 __S_— $__ 80.3 Segment % of Total Revenue 71.6% 11.5% 16.9% 100.0% Adjusted EBITDA s 205 __S__66 $ 94 S_(78) $28.4 Corporate allocation” (5.6)
Inspired Entertainment — Q2 2026 Earnings Presentation on 6ix