Wynn Al Marjan Island Analyst & Investor Update

October 2024

Forward-Looking Statements

This presentation contains forward-looking statements regarding future events and results, including, with respect to the development of the Wynn Al Marjan Island project and our joint venture investment, statements regarding estimated project costs, expected timing of the project, economic benefits, expected tax rates, and future results of operations and equity returns. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and such results may differ from those expressed in any forward-looking statements.

This presentation also includes non-GAAP financial measures. Non-GAAP financial measures are not measures of financial performance in accordance with GAAP and should not be considered in isolation or as an alternative to the most-directly comparable GAAP measure.

Introduction & Overview

Combining the Industry’s Best Service and Facilities

• Preeminent designer, developer, and operator of integrated resorts.
• Demonstrated track record of designing and developing successful integrated resort projects around the world, leveraging Wynn Design and Development ("WDD").
• Invest in new high-return projects and reinvest in existing assets while maintaining a strong balance sheet and returning capital to shareholders.

Well Positioned With an Attractive Combination of Organic Growth and High-ROI Capital Projects

1. Record financial performance across the business in 2023 and 1H 2024.
2. Market-leading product, 5-star service and innovative programming drive the “Wynn Premium.”
3. Wynn Al Marjan Island to extend the Wynn brand internationally and further diversify our property portfolio.
4. Well positioned to compete for potential gaming licenses in gateway cities.
5. Increasing capital returns to shareholders through recurring dividends and opportunistic share repurchases.
6. Strategic land banks in Las Vegas, Boston, UAE and Macau provide long-term development opportunity.

Superior Facilities and Service Levels Driving Record Financial Results

• Las Vegas - Extending our leadership position on the LV Strip:

  • Record financial performance in 2023.
  • Three pillars of success: 1) best facilities; 2) best team and service; 3) “see and be seen” programming.
  • Targeted high-return investments across key areas of the property continue to elevate us above peers.

• Boston - The East Coast’s leading 5-star casino resort.

Consolidated Adj. Property EBITDAR – Annual

1. Reflects Adjusted Property EBITDAR at our land-based properties (excludes Wynn Interactive).
2. Reflects partial year for Encore Boston Harbor (opened June 2019).

Programming Overview

• 1,542 Hotel Rooms
• ~225K Sq. Ft. of Gaming Area (Including 297 Suites, 6 Townhouses and 22 Villas)
• 16 World-Class Restaurants, 6 Bars & Lounges
• ~130K Sq. Ft of Luxury Retail, ~145K Sq. Ft. of MICE Space

Wynn Al Marjan Island

Introduction

• Wynn Al Marjan Island is a luxury integrated resort development located in Ras Al Khaimah (“RAK”) in the United Arab Emirates.
• Partnership with RAK Hospitality Holding LLC and Al Marjan Island LLC.
• Wynn Resorts has a 40% equity ownership in the joint venture.

Veteran Operating Team With Significant Integrated Resort and Luxury Hospitality Experience

• Max Tappeiner President
• Robert Gansmo Chief Financial Officer
• Tom Roelens Chief Operating Officer
• David Patent EVP, Casino Operations
• Gerard Moss VP, Human Resources

Project Expected to Drive Meaningful Long-Term Economic Benefits To Ras Al Khaimah

• Increased Leisure & MICE Tourism.
• Increased Employment with Over 7,500 FTEs Expected at Opening.
• ~$4.6bn Project Marks Largest-of-its-Kind Foreign Direct Hospitality Investment in Ras Al Khaimah.

Financial Model Overview

• We Expect Wynn Al Marjan Island Will Generate Strong Gaming and Non-Gaming Revenue.
• Assumes UAE market size of ~$3 - $5bn.
• Assumes two other competitive integrated resorts operating in the UAE, with Wynn GGR market share of 33%.

Construction Update

Pacing to Q1 2027 Opening

• Construction Budget is Significantly De-Risked.
• Fixed fees, unit pricing and provisional sums.

Looking Forward to Wynn Al Marjan Island Opening

• Well Positioned for Long Term Growth.
• Combination of strong organic growth at existing properties with the opening of Wynn Al Marjan Island expected to drive an increase in Adjusted Property EBITDA and geographic diversity.

Continued Long-Term Growth

• 213-acre land bank across existing markets.
• 70+ additional acres for potential future development at Wynn Al Marjan Island.
• Exploring greenfield development opportunities in attractive gateway cities.

Q&A

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