PointsBet Holdings Limited: Appendix 4C and Investor Presentation - Q2 FY22

Q2FY22 QUARTERLY ACTIVITIES REPORT:

INVESTORPRESENTATION

| JANUARY 2022

DREWBREES

GLOBAL BRAND AMBASSADOR

Q2FY22 INVESTOR PRESENTATION

IMPORTANTNOTICE

ANDDISCLAIMER

This document and any oral presentation accompanying it has been prepared in good faith, however, no express or implied representation or warranty is given as to the accuracy or completeness of the information in this document, in any accompanying presentation or in any other written or oral communication transmitted or made available to any investor or potential investor (collectively, the "Other Materials"). Nothing in this document, in any accompanying presentation or in any Other Materials is, or shall be relied upon as, a promise or representation. All statutory representations and warranties are excluded, and any liability in negligence is excluded, in both cases to the fullest extent permitted by law. No responsibility is assumed for any reliance on this document or the accompanying presentation or any Other Materials.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction.

Without limiting the above, this document, any accompanying presentation and any Other Materials may contain forecasts, forward looking statements or statements as to future affairs which are based on estimates, assumptions and expectations of PointsBet Holdings Limited or its subsidiaries (collectively, the "Company") (some or all of which may not be satisfied or may not occur) that, while used in good faith, necessarily involve (i) subjective judgments; (ii) inherent uncertainties; and (iii) significant contingencies, many of which are beyond the Company's control or reflect future business decisions which are subject to change. Any forecast or financial information presented in this presentation any accompanying presentation and any Other Materials must not be taken as a representation as to future matters.

Therefore, there can be no assurance that such forecasts, forward looking statements or statements as to future affairs will be realised or that the Company's actual or future results, or subsequent forecasts, will not vary significantly from such forecasts, forward looking statements and statements as to future affairs. The actual results may vary from the anticipated results and such variations may be material. Any

and all forecasts and financial information in this document, in any accompanying presentation and in any Other Materials are not, and shall not be relied upon as, a promise or representation as to future matters. The Company accepts no responsibility or liability in relation to the accuracy or completeness of any forecasts, forward looking statements or statements as to future affairs, or whether they are achievable. The Company does not assume any obligation to revise or update this document, any accompanying presentation, any Other Materials or any of the estimates, assumptions or expectations underlying such forecasts, forward looking statements and statements as to future affairs. No representations or warranties are made as to the accuracy or reasonableness of such estimates, assumptions or expectations or the forecasts, forward looking statements or statements as to future affairs based thereon. Certain data included herein has been obtained from alternative external sources and as such may be inconsistent given differing underlying assumptions and sources.

Any discrepancies between totals and sums of components in tables and figures contained in this presentation are due to rounding. Tables and figures contained in this presentation have not been amended by the Company to correct immaterial summation differences that may arise from this rounding convention.

Disclosures in this document, the accompanying presentation or any Other Materials are not investment advice and are not intended to be relied upon as advice to investors or potential investors and do not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with independent professional advice when deciding if an investment is appropriate.

The information contained in this document (including tables) has not been audited in accordance with the Australian Auditing Standards.

This document remains the property of the Company and the Company reserves the right to require the return of this document (and any copies or extracts hereof) at any time.

The receipt of this document by any investor or potential investor shall constitute such investor's or potential investor's acceptance of the foregoing terms and conditions.

All amounts disclosed in this document are presented in Australian dollars unless otherwise noted.

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Q2FY22 INVESTOR PRESENTATION

KEYOPERATIONALHIGHLIGHTS

Q2 FY22

					Expected Launch of
					MOBILE SPORTS
First Banach				WAGERING IN
			PENNSYLVANIA -
Upgrade FORNFL
			10TH STATEOF
IN-PLAY,		Launch of
		OPERATION IN
ACROSSALLLIVE		MOBILE SPORTS
Record MELBOURNE CUP DAY BETS:		THEUS
STATES	WAGERING INNEW
683,000+ BETS TAKEN
		YORK - 9TH STATEOF
			OPERATION IN THEUS

SEP	OCT	NOV
2021	2021	2021
	Agreement to become the	Launched LIVE DEALER
	OFFICIAL ANDEXCLUSIVE	IN MICHIGAN
	SPORTS BETTINGPARTNER
	OFCURLING CANADA

DEC JAN FEB

2021 2022 2022

Partnership with		Launch of		Launch of
	iGamingin		IN-PLAY SAME
UNIVERSITY OF		WESTVIRGINIA		GAME PARLAY
MARYLAND

Launch of MOBILE SPORTS

WAGERING IN VIRGINIA - 8TH STATEOF OPERATION IN THEUS

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Q2FY22 INVESTOR PRESENTATION

Q2FY22

TRADINGMETRICS

GROUP

AUSTRALIA

US1

All figures in A$

Q2 FY21

Q2 FY22

PCP

Q2FY21

Q2FY22

PCP

Q2FY21

Q2FY22

PCP

Turnover/Handle

$1,198.2m

$1,326.0m

+11%

$543.3m

$727.0m

+34%

$654.9m

$598.9m

(9%)

SPORTS

GrossWin%

7.0%

10.1%

+3.1pp

13.9%

12.7%

(1.2pp)

1.2%

6.9%

+5.7pp

BETTING

GrossWin

$83.4m

$133.8m

+60%

$75.5m

$92.2m

+22%

$7.9m

$41.6m

+425%

NetWin%

3.7%

5.4%

+1.7pp

9.2%

7.3%

(1.8pp)

(0.8%)

3.1%

+3.9pp

NetWin

$44.6m

$71.9m

+61%

$49.8m

$53.1m

+7%

($5.1m)

$18.8m

n.m.

iGAMING

NetWin

-

$5.4m

-

-

-

-

-

$5.4m

-

TOTAL

TotalNetWin

$44.6m

$77.3m

+73%

$49.8m

$53.1m

+7%

($5.1m)

$24.1m

n.m.

1. Average AUD / USD FX rate 0.7380 for Q2FY22 and 0.7304 for Q2FY21.

Turnover / Handle is the dollar amount wagered by clients before any winnings are paid out or losses incurred. Gross Win is the dollar amount received from clients who placed losing bets less the dollar amount paid to clients who placed winning bets, excluding the cost of pricing promotions. Net Win is the dollar amount received from clients who placed losing bets less the dollar amount paid to clients who placed winning bets, less client promotional costs (the costs incurred to acquire and retain clients through bonus bets, money back offers, early payouts and enhanced pricing initiatives)

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Q2FY22 INVESTOR PRESENTATION

HIGHLIGHTS:AUSTRALIA

Q2 FY22 ACHIEVEMENTS

A$727.0m A$92.2m

POINTSBET AUSTRALIA - PCP PERFORMANCE (A$)

Turnover/Handle	Gross Win	Keymetrics	Q2 FY21	Q2FY22	Change
UP 34% ON PCP		UP 22% ON PCP				PCP	QoQ
A$53.1m		12.7%	7.3%	Turnover / Handle	$543.3m	$727.0m	+34%	+15%
	Gross Win Margin	13.9%	12.7%	(1.2pp)	(1.2pp)
NetWin
	GROSS WIN	NET WIN	Gross Win	$75.5m	$92.2m	+22%	+5%
UP 7% ON PCP		MARGIN	MARGIN	Net Win Margin	9.2%	7.3%	(1.8pp)	(1.4pp)
Sports Betting	Sports Betting	NetWin (QoQ)	NetWin	$49.8m	$53.1m	+7%	(3%)
Handle(QoQ)	GrossWin (QoQ)

	727.0m
631.4m
Q1	Q2

87.9m	92.2m
Q1	Q2

54.8m	53.1m
Q1	Q2

Turnover/Handle is the dollar amount wagered by clients before any winnings are paid out or losses incurred. GrossWinis the dollar amount received from clients who placed losing bets less the dollar amount paid to clients who placed winning bets, excluding the cost of pricing promotions. Net Win is the dollar amount received from clients who placed losing bets less the dollar amount paid to clients who placed winning bets, less client promotional costs (the costs incurred to acquire and retain clients through bonus bets, money back offers, early payouts and enhanced pricing initiatives).

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