Churchill Downs, Incorporated · NASDAQ:CHDN

Churchill Downs — Investor Presentation (June 2024)

45 slides from Churchill Downs's investor presentation, June 2024

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  6. Slide 6: Forward-Looking Statements

    June 2024Investor Presentation Forward-Looking StatementsCertain statements made in this presentation contain various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically iden

  7. Slide 7: Table of Contents

    Table of Contents Business Overview and Case for Investing Segment Overviews:–Live and Historical Racing–TwinSpires–Gaming Capital Management ESG Appendix3 Business Overview and Case for Investing4

  8. Slide 8: Churchill Downs Incorporated Overview

    GamingChurchill Downs Racetrack (“CDRT”)KentuckySix gaming entertainment venues with ~4,640 HRMs and one HRM expansion project underwayVirginiaSeven HRM properties with ~2,790 HRMs and one HRM expansion project underwayNew HampshireChasers Poker Room in Salem with significant HRM and table game expa

  9. Slide 9: Case for Investing

    strategic equity investments Strong free cash flow generation with disciplined maintenance capital spending Ability to pursue strategic reinvestment in organic growth, M&A, dividends, and share repurchases to maximize shareholder returns Conservative balance sheet with financial flexibility and sign

  10. Slide 10: Strong 2023 Performance

    8 Strong 2023 Performance8Case for Investing36% Annual Revenue Growth from 2022 to 2023$ in millionsAll Other & Eliminations34% Annual Adj. EBITDA Growth from 2022 to 2023$ in millions 9 Strong 1Q’24 Performance9Case for Investing6% Quarterly Revenue Growth from 1Q’23 to 1Q’24All Other & Elimination

  11. Slide 11: Segment Adjusted EBITDA Growth

    1Q'24 TTM201810Segment Adjusted EBITDA Growth10Case for Investing$1.0$ in billions$0.353%46%14%47%(7)%25%31%Gaming Segment: Rivers equity investment Acquisition of Iowa and New York casinos Regional gaming growth TwinSpires Segment: Acquisition of Exacta Core TwinSpires growthLive and Historical Seg

  12. Slide 12: On-Going Capital Investments at Churchill Downs Racetrack

    On-Going Capital Investments at Churchill Downs RacetrackAnnounced Project Capital Investments12Potential Major Future Projects: Renovate additional reserved seating areas Hotel Infield seatingThe Paddock ProjectMay 2024Mansion & Matt Winn’sHomestretch ClubJockey ClubStarting Gate SuitesSkye Terrace

  13. Slide 13: Western Kentucky Strategy

    Resort1,650Current Plans4,440Remaining to be Allocated(1)~560Total Current Authorization:5,0001 Does not include HRMs that can be reallocated from existing locations. 14 Western Kentucky StrategyAnnounced Project Capital Investments Ellis Park, located in Henderson, Kentucky, serves the Western Kent

  14. Slide 14: New Hampshire HRM Strategy

    15 New Hampshire HRM StrategyAnnounced Project Capital Investments Located in Salem, New Hampshire –Approximately 30 minutes from downtown Boston–The Boston Metro Area (Boston-Cambridge- Newton) has a population of ~4.9 million people Chasers is one of the leading New Hampshire charitable gaming ope

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  45. Slide 45: Enter the password to open this PDF file. File name: File size:

    Enter the password to open this PDF file. Cancel OK File name: - File size: - Title: - Author: - Subject: - Keywords: - Creation Date: - Modification Date: - Creator: - PDF Producer: - PDF Version: - Page Count: - Page Size: - Fast Web View: - Close Preparing document for printing… 0% Cancel Choose

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