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3RD QUARTER 2026 REVENUE 21 OCTOBER 2026
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2 This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward-looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in FDJ UNITED registration document which is available on the website (https: //www.fdjunited.com/publications-and-results/). These forward-looking statements should not be consideredas a guarantee of future performance, the actual results could differ materially from those expressed or implied by them. The forward-looking statements only reflect Group’s views as of the date of this document, and FDJ UNITED does not undertake to revise or update these forward-looking statements. The forward-looking statements should be used with caution and circumspection and in no event can FDJ UNITED and its management be held responsible for any inv estment or other decision based upon such statements. The information in this document does not constitute an offer to sell or an invitation to buy shares in FDJ UNITED or an invitation or inducement to engage in any other investment activities. Some terms used in this document are defined in the glossary at the end of the presentation. DISCLAIMER
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3 FOCUS ON EXECUTION AMIDST NUMEROUS ADVERSE FACTORS 9M GGR: €6,264M (-2.8%) AND REVENUE: €2,576M (-5.6%) INHERENT GAMING RISKS, UNFAVOURABLE ECONOMIC ENVIRONMENT AND GAMING TAX INCREASES Significantly fewer Euromillions high jackpots draws, notably in Q3 Very high sports betting player winnings in Q3, particularly in POS In France: still challenging consumer environment with lower POS traffic in Q2 and Q3 Gaming tax increases: €62m LSF : GGR -3.5% and revenue -4.8% at €1,794m OBG : GGR -0.8% and revenue -8.2% at €619m KEY ACTIONS TO DRIVE GROWTH AND PERFORMANCE Lottery: short and medium-term initiatives to return to growth OBG: turnaround measures , including a unique proprietary sportsbook platform rollout Optimizing performance and resource allocation
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GGR: €6,264M (-2.8%) AND REVENUE: €2,576 (-5.6%) GGR 5158 4978 1021 1013 267 273 9M 2025 9M 2026 6,446 6,264 -2.8% Revenue 1884 1794 675 619 124 118 9M 2025 9M 2026 44 47 2,730 2,576 -5.6% +2.1% -0.8% -3.5% -4.7% -8.2% -4.8% ~€62m tax increases €28m LSF €34m OBG 4
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FRENCH LOTTERY & RETAIL SPORTS BETTING GGR: €4,978M (-3.5%) AND REVENUE: €1,794M (-4.8%) GAMING TAX INCREASES: 28€M Inherent gaming risks (long cycles - high player winnings) Challenging consumer environment with lower POS traffic Lottery : GGR -3.5% and revenue -4.8% to €1,497m Draw games : GGR -10.3%; fewer Euromillions high jackpots Instant games : GGR +1.9% and revenue +0.3%; resilient momentum despite lower POS traffic Excl. Euromillions long cycles: Lottery GGR -0.9%; iLottery GGR +2.3% Draw / Instant product mix impacting global PPO Dedicated initiatives to return to growth Q4 commercial action plan Loto and Euromillions refresh in 2027 Strong focus on innovation, particularly on iLottery Retail sports betting : GGR -3.2% and revenue -4.5% to €297m High player winnings, particularly in Q3 (c.80%, +400bps vs. Q3 25) 5 6 11 21 6 15 27 12 9M Number of Euromillions jackpots > €130m 2020 2021 2022 2023 2024 2025 2026 0 3 6 9 1 12 1 9M Number of Euromillions jackpots > €200m 2020 2021 2022 2023 2024 2025 2026 2005 1798 2520 2567 634 613 9M 2025 9M 2026 GGR (€m) Draw games Instant games Retail sports betting
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6 ONLINE BETTING & GAMING GGR: €1,013M (-0.8%) AND REVENUE: €619M (-8.2%) CALENDAR GAMING TAX INCREASES: €34M Contrasted performance: Excluding UK and NL, good momentum on other markets, particularly France and Scandinavia • GGR +5.7% and revenue +0.8% UK and NL recovery plans underway OBG: turnaround measures to return to profitable growth underway, o/w: Focus on core customer lifetime value (ROI-led marketing & generosity – optimized player experience) Unique proprietary sports betting platform development: • France (H1 26): single proprietary platform and player account, enhanced cross-selling, under the Unibet brand • Combination of the best of existing technologies with majority markets coverage by end-2027 27% 27% 12% 12% 22% Revenue by country France Scandinavia (SW+FI+DK) UK Netherlands Others -50% -40% -30% -20% -10% 0% 10% 20% Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 GGR (% n/n-1) UK NL Excl UK+NL
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7 2026 OUTLOOK GGR: LOW-SINGLE DIGIT DECLINE REVENUE: MID-SINGLE DIGIT DECLINE Including >€70m gaming taxes RECURRING EBITDA MARGIN: c.23% Cost control DIVIDEND Annual increase and payout ratio at least 75% of adjusted net profit
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Q&A 8
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APPENDIX 9
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10 9M 2026 GAMING TAX INCREASES LSF c.€28m OBG c.€34m 9M 2026 (€m) Effective date Tax as % of GGR Offer Country After Before July 1 st 2025 69.0% 68.0% Loto & Euromillions Lottery France * 56.6% 55.5% Other games 42.1% 41.1% Offline Sports betting 59.3% 54.9% Online 10.0% 0.2% of stakes Online Poker 52.9% 52.3% Online Horse racing January 1 st 2026 37.8% 34.2% Online games Netherlands August 1 st 2025 30.0% 21.0% Online games Romania April 1 st 2026 40.0% 21.0% Online casino UK c.€62m TOTAL H1 2026 RESULTS - * Not including the new 15% tax on advertising and promotional expenses (excluding horse racing) effective from July 1 st 2025
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11 GLOSSARY LSF: French lottery and retail sports betting BU OBG: Online betting and gaming BU IL: International lottery BU P&S: Payment & Services BU PPO: Player payout ratio GGR: gross gaming revenue = stakes – player winnings NGR: net gaming revenue = GGR – public levies on games Revenue: NGR and revenue from other activities Recurring EBITDA: recurring operating profit adjusted fordepreciation and amortisation Adjusted net income: the Group adjusts its consolidated netincome by adding back: (1) amortisation of intangible and tangible assets recognised or revalued when allocating the purchase price of business combinations; (2) depreciation of intangible assets recognised or revalued w hen allocating the purchase price of business combinations; and (3) changes in deferred tax resulting from these items. Free cash-flow: recurring EBITDA + net change in working capital - capital expenditure; adjusted for calendar impacts on working capital and unclaimed winnings
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