Slide 1: Pollard Banknote Limited
POLLARD banknote limited
Slide 2: 2026 Annual General Meeting
POLLARD banknote limited 2026 ANNUAL GENERAL MEETING
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, perfor
Slide 4: Outstanding Games. Retail Excellence. Digital Innovation.
Outstanding Games. Retail Excellence. Digital Innovation. POLLARD | banknote limited
Slide 5: 2025 Business Highlights
2025 BUSINESS HIGHLIGHTS POLLARD banknote limited
Slide 6: California Lottery Primary Contract Win
California Lottery Primary Contract Win • Lottery’s Primary Print Contract commenced December 1, 2025. • Initial term of six years; option to extend for up to six additional years. POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 7: Instant Ticket Margin Recovery
Instant Ticket Margin Recovery • Strategy to reprice our instant ticket contracts complete. • Realized a further improvement in instant ticket margin during the year. POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 8: Retail Innovation: Growing Lottery Sales
Retail Innovation: Growing Lottery Sales POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 9: Kansas iLottery Successful First Year
Kansas iLottery Successful First Year • Launched February 2025. Fastest launch in US history. Kansas Lottery PlayOn® Mobile App • High customer satisfaction with technology, people and services. • Record per capita revenue in Year 1. POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 10: Net Gaming Revenue per capita
KANSAS NGR P E R C A P I TA SETS 12 MONTH US iLOTTERY RECORD Net Gaming Revenue (per capita) $6.21 $5.25 $3.57 *Results based on first 12 months after iLottery programs’ launch. Source management estimates.
Slide 11: Belgium Lottery Gaming Platform
Belgium Lottery Gaming Platform • National Lottery of Belgium announced Pollard was selected as Gaming Platform Provider. Contract began fourth quarter 2025. • Gaming Platform is a full end-to-end solution supporting both retail and iLottery channels. • Key components include a central gaming system
Slide 12: Oklahoma Lottery Loyalty Contract Win
Oklahoma Lottery Loyalty Contract Win Oklahoma Lottery awarded Pollard Banknote a loyalty solution and related digital services contract commencing November 24, 2025. Initial term of one year and six one-year renewal options. Scope includes: • Development and launch of a new Players Club loyalty pla
Slide 13: Expanded Loyalty Customer Base
Expanded Loyalty Customer Base NEW! POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 14: Diversity: 160+ eInstant Games Live
DIVERSITY 160+ eINSTANT GAMES LIVE IN PLAYSTYLES POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 15: iGaming Apps and Front-End Growing Geolocation Provider
IGAMING APPS AND FRONT-END GROWING GEOLOCATION PROVIDER POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 16: Record sales and profits; contract extensions
• Record sales and profits. • Contract extensions: – North Carolina: September 2025 the Lottery extended existing contract through two one-year renewal periods until June 30, 2028; with option to exercise an additional one-year extension. – Virginia: exercised renewal option to extend the 2016 contr
Slide 17: Recovery of Minnesota market from regulatory changes
• Recovery of Minnesota market from regulatory changes. • Growing interest in tablet-based e-gaming. POLLARD BANKNOTE LIMITED | 2026 ANNUAL GENERAL MEETING
Slide 18: 2025 Annual Results
2025 ANNUAL RESULTS POLLARD banknote limited
Slide 19: Financial Highlights
Financial Highlights (1) ($ Millions) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 COMBINED $246.4 $286.0 $332.6 $400.3 $426.9 $499.2 $538.8 $600.6 $665.9 $725.0 SALES(1) SALES $246.4 $285.7 $331.9 $397.8 $414.1 $459.0 $483.7 $520.4 $557.1 $596.0 ADJUSTED $29.7 $44.0 $48.8 $60.2 $80.6 $84.0 $80
Slide 20: Fiscal Combined Sales
Fiscal Combined Sales (1) ($M) Foreign Exchange Rate Adjusted $725 $700 $679 $613 $600 $563 $538 $500 $440 $420 $400 $355 $306 $260 $300 $222 $225 $235 $200 $209 $213 $213 $196 $196 $193 $196 $180 $173 $200 $165 $133 $115 $100 $0 Source: Pollard Banknote Financial Statements and MD&A Annual sales
Slide 21: Adjusted EBITDA
Adjusted EBITDA (1) ($M) $119.9 $114.5 $120.0 $100.0 $91.3 $84.0 $80.5 $80.6 $80.0 $60.2 $60.0 $48.4 $44.0 $40.0 $29.7 $25.8 $26.8 $20.2 $21.8 $17.3 $17.8 $20.0 $0.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Pollard Banknote Financial Statements and MD&A
Slide 22: Fiscal 2025 Combined Sales
Fiscal 2025 Combined Sales (1) ($M) $740.0 $15.5 $725.0 $720.0 $6.1 $13.2 $700.0 $20.4 $3.9 $680.0 $665.9 $660.0 $640.0 $620.0 $600.0 2024 Higher JV iLottery Higher Sales of Higher Charitable Higher Average Impact of Foreign 2025 Sales Ancillary Products Gaming Sales Selling Price - Less Exchange (i
Slide 23: 2025 Adjusted EBITDA
2025 Adjusted EBITDA (1) ($M) $130.0 $14.5 $125.0 $7.8 $0.5 $119.5 $120.0 ($5.2) $115.0 $114.5 ($10.1) $3.3 $110.0 $105.0 ($5.4) $100.0 2024 Higher Gross Lower Gross Lower Gross Acquisitions Higher JV iLottery Higher SG+A Impact of 2025 Margin - Margin - Margin - Revenue Expenditures Foreign Instant
Slide 24: Strong Cashflow
Strong Cashflow ($M) 2019 2020 2021 2022 2023 2024 2025 Cash Flow before CAPEX & W/C $47.8 $72.5 $59.9 $69.6 $55.0 $72.2 $79.0 Change in Working Capital ($22.5) ($11.0) $9.2 ($15.4) $9.7 $1.7 $4.6 Net Cash Flow before CAPEX $25.3 $61.5 $69.1 $54.2 $64.7 $73.9 $83.6 (subtotal) CAPEX ($25.8) ($18.9) (
Slide 25: Thank you for your time and your attention today.
Thank you for your time and your attention today. FOR MORE INFORMATION CONTACT: Doug Pollard John Pollard Co-Chief Executive Officer Co-Chief Executive Officer E-mail: dpollard@pbl.ca E-mail: jpollard@pbl.ca Rob Rose Chief Financial Officer E-mail: rrose@pbl.ca POLLARD BANKNOTE LIMITED | 2026 ANNUAL
Slide 26: Appendix
APPENDIX POLLARD banknote limited
Slide 27: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (1) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net income $1.8 $3.1 $6.5 $5.4 $8.7 $7.5 $12.3 $16.8 $14.9 $22.0 $33.3 $19.7 $19.3 $31.4 $35.2 $34.7 Adjustments: Amortization & depreciation $8.6 $8.4 $7.8 $8.6 $7.9 $8.4 $10.6 $13.1 $