Slides
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2026 Annual General Meeting
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Acknowledgement of Country The Lottery Corporation acknowledges the Traditional Custodians and First Peoples of Australia and their continuing connection with the lands on which our offices, retail outlets and venues operate. Through our commitment to reconciliation, we can build a bright and inclusive future together, creating better outcomes for all Australians. Artist Acknowledgement Elaine Chambers-Hegarty, Aboriginal Artist and Designer Annual General Meeting 2026 Welcome
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3 Annual General Meeting 2026 Doug McTaggart Independent Chairman Wayne Pickup Managing Director and Chief Executive Officer Stephen Morro Independent Non-executive Director John O’Sullivan Independent Non-executive Director Tim Poole Independent Non-executive Director Anne Brennan Independent Non-executive Director Megan Quinn Independent Non-executive Director *The Board sincerely thanks Harry Boon for his outstanding contribution to The Lottery Corporation as he retires at the conclusion of this Annual General Meeting. The Lottery Corporation Board of Directors Harry Boon* Independent Non-executive Director
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6 6 Chairman’s Address Annual General Meeting 2026
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7 A Legacy of Public Benefit, Continuing Today Sydney Opera House Kindness Factory Foodbank
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8 OUR VISION HOW WE GET THERE Product renewal Digital experience uplift Data & AI leverage From a lottery operator to a digitally-led entertainment platform Where Australia Comes to Play A trusted home for lottery products, in retail and on device Preserving the licence-led, trust-based model that has underpinned our success, modernised for how Australians play today
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9 9 MD & CEO’s Address Annual General Meeting 2026
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10 FY26 Results Overview Platform for accelerated growth established; dividend maintained Group Revenue $3,577m Group EBITDA (before significant items) $736.1m Group NPAT (before significant items) $342.5m Ordinary Dividend Per Share 16.5cps Payout Ratio: 107% Dividend Policy Target FY26: 80-100% of full year NPAT (before significant items) FY27 onwards: 80-100% of full year NPATA 1 (before significant items) Reported EBITDA: $710.4m Reported NPAT: $284.6m 1 NPATA is Net Profit After Tax (NPAT) before significant items adding back total licence amortisation after tax which is forec ast to be c. $43m in FY27 In line with FY25
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11 CONSUMER PROPOSITION Where Australia Comes to Play TLC strategy on a page Three priorities turn the growth runway into an executable strategy Pillar 1 Strengthen domestic market position Renew and grow the core lottery and Keno offer Maximise value from our licence portfolio Selectively capture lottery-adjacent demand where we have the right to play Pillar 2 Lead in digital entertainment Build digital products that customers want to return to Turn transactions into personalised, social and engaging customer experiences Scale acquisition and retention through data-led growth marketing Pillar 3 Build a high-performance enterprise Modernise and streamline operations Manage capital and costs with discipline Earn trust through responsible play and community contribution People & Culture Brand & Trust Licences & Regulation Data, AI & Technology STRATEGIC ENABLERS
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12 Lotteries 40-year extension of Victorian licence Successful Saturday Lotto and Powerball game changes – retention within or above target range New terminal rollout completed for NSW and ACT Integrated retail and digital experiences through Check & Collect and retailer- linked QR codes Keno New terminal rollout completed for Queensland Enhanced configuration of in-venue Keno collateral to maximise visibility and engagement Foundations established for refresh of Keno technology platform Group Refreshed strategy New operating model effective from 1 July 2026 Operating expenses managed to reflect low jackpot environment Extended existing bank facilities; secured funding commitments for Victorian licence through inaugural debt capital raise FY26 Key Achievements Strategic refresh and operational reset position TLC for the next growth phase
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13 FY27 Looking Ahead Priority initiatives to grow participation, engagement and customer value Lotteries Strengthen TLC’s licence backed core business Continue to deploy price retention playbook Optimise jackpots Grow daily and instant play Reposition retail Digital Scale the primary growth engine and innovation platform PlayPick & Draw Reveal Social play & digital gifting Autoplay 2.0 A more engaging, entertaining experience through a new greenfield app Keno Modernise a venue-led, social play asset Digitise the in-venue experience with BYOD Rollout new terminals Rollout cashless payment – more ways to pay Refresh Keno technology platform
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14 Annual General Meeting 2026 The vast majority of the value we generate goes back to Australian communities $1.7bn Lottery and Keno taxes and duties paid to state and territory governments $637m Commissions paid to retail and venue partners $5.1bn Lottery and Keno prize money with approximately 200 million winning entries $5.2m Community contributions and donations to organisations across health, education, homelessness, mental health, arts and the environment
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This presentation (Presentation) contains summary information about the current activities of The Lottery Corporation Limited (The Lottery Corporation) and its subsidiaries. It should be read in conjunction with The Lottery Corporation’s other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au. The information contained in this Presentation is of a general nature and has been prepared by The Lottery Corporation in good faith and with due care, however no representation or warranty, express or implied, is provided in relation to the accuracy or completeness of such information. This Presentation is for information purposes only and is not a prospectus, product disclosure statement or other disclosure or offering document under Australian or any other law. This Presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither this Presentation nor anything contained in it shall form the basis of any contract or commitment. The information provided in this Presentation is not financial product or investment advice and has been prepared without taking into account the investment objectives, financial circumstances or particular needs of any particular investor or potential investor. Neither The Lottery Corporation nor any other person warrants or guarantees the future performance of The Lottery Corporation shares or any return on any investment made in The Lottery Corporation shares. This Presentation may contain certain 'forward-looking statements'. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, financial position and performance are also forward-looking statements. Any forecasts or other forward looking statements contained in this Presentation are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of The Lottery Corporation, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. You are cautioned not to place undue reliance on forward looking statements. Except as required by law or regulation (including the ASX Listing Rules), The Lottery Corporation undertakes no obligation to update these forward-looking statements. Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investors should be aware that certain financial measures included in this Presentation are ‘Non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and ‘non-GAAP financial measures’ within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934, as amended, and are not recognised under AAS and IFRS. Non-IFRS financial information in this Presentation include EBITDA (before significant items), EBIT (before significant items), net debt, gross debt and NPAT (before significant items). Such non-IFRS financial information does not have a standardised meaning prescribed by AAS or IFRS, and is not audited. Therefore, the non-IFRS financial information may not be comparable to similarly titled measures presented by other entities, and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although The Lottery Corporation believes these non-IFRS financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS financial information included in this Presentation. All dollar values are in Australian dollars (A$) unless otherwise stated. ® These trade marks are registered in Australia (either across Australia or limited to certain state/s or territory/ies) and are owned by or licensed to a company in the Group. Disclaimer Annual General Meeting 2026