Investor presentation

May, 2016

Agenda

NetEnt in brief Product overview Market overview Growth strategy

Q1 report highlights Financial update

Outlook Q&A

About NetEnt

Business Model – Partnership & Revenue Share

Strategic IT infrastructure

28 billion transactions / year 6 data centers 170 casinos

>3,000 servers 50,000 game rounds/minute

Our Offering

Gamewin Breakdown by Product

Note: Gamewin split as per Q1, 2016. Previous quarter in paranthesis.

SLOTS 88% (87%)

ROULETTE 6% (6%)

BLACKJACK 4% (4%)

VIDEO POKER 1% (1%)

OTHER GAMES 1% (2%)

Mobile Growth

Mobile share of NetEnt gamewin

0%

5%

10%

15%

20%

25%

30%

35%

Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16

33%

NetEnt Growth vs The Market

2007 2008 2009 2010 2011 2012 2013 2014 2015

NetEnt revenues (EUR) European online casino market

CAGR: 31%

CAGR: 17%

Source: H2 Gambling Capital, January 2016

Global Casino Market in 2015

Source: H2 Gambling Capital, January 2016

Total casino market €125 Bln

Online Casino Market Europe & Rest of World

CAGR 2015–2020e Global: 10%

Europe: 7%

Rest of World: 13%

Source: H2 Gambling Capital, January 2016

0,01,02,03,04,05,06,07,08,09,0

10,011,012,013,014,0

2008 2009 2010 2011 2012 2013 2014 2015e 2016e 2017e 2018e 2019e 2020e

Europe - online casino Rest of world - online casino

€ bn

Growth Strategy

Geographical Focus

Live Casino

Leverage off existing distribution channels

Development synergies from existing organization

>60 customers signed >50 customers live New mobile product being

developed

Strategic Focus

Premium offering and premium pricing

Expand services offering

Become a leading Live Casino supplier

Regulated markets

Grow existing & new customers

Geographic expansion: 1. Europe, 2. North America, 3. Asia

Niche focus on digital casino solutions

Retail channel

Report Highlights Q1 2016

Strong start to the year, successful release of Guns N Roses game

Revenues +33.7%, operating profit +56.6%, compared to last year

9 new customers signed and 8 new customers launched

Live with PokerStars in New Jersey

Administrative Court of Appeal ruled in NetEnt’s favor in tax dispute

Associated member of WLA

Revenues & Operating Profit by Quarter

Revenues +33.7% y-o-y to 345 SEKm

Revenues +34.5% y-o-y in EUR

EBIT +56.6% y-o-y to 128 SEKm

EBIT margin of 37.1% (31.7%)

188 205 217

241 258

271 280

323 345

0

50

100

150

200

250

300

350

400

Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16

SEKm

Revenues Operating profit

Game Transactions by Quarter

5,0 5,1 5,2

6,1 6,5 6,5 6,6

8,2 8,9

0,0

1,0

2,0

3,0

4,0

5,0

6,0

7,0

8,0

9,0

Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16

Bln

8.9 Bln transactions

+37.0% y-o-y

Revenues & Operating Profit Rolling L12M

Revenues of 1,219 SEKm

EBIT of 448 SEKm

EBIT margin of 36.7%

670 727

791 852

922 988

1 050 1 132

1 219

0

200

400

600

800

1 000

1 200

1 400

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16

SEKm

Revenues Operating profit

Costs & Investments by Quarter

Total costs +7.9% q-o-q

Personnel costs +1.2%

Other costs +24.9%

Investments +4.0%

SEKm

0

40

80

120

160

200

240

Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16Depreciation Other expenses Personnel Investments, intangible assets Total investments

Free Cash Flow Last 12 Months

L12M free cash flow of 350 SEKm

Net cash of 486 SEKm at 31/03/2016 117

196

240 244 271 272

290

338 350

0

60

120

180

240

300

360

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16

SEKm Cash flow after investments, last rolling 12 months

Synced releases on desktop and mobile

Available on iOS, Android and Windows Phone

Game Releases

Guns N Roses –a great success

Future Growth

Britain Mobile Live Casino

North America Asia Retail Latin America