4Q and Full Year 2019 Earnings • February 25, 2020 CAESARS ENTERTAINMENT CORPORATION 1 Enterprise-Wide Performance Highlights 2 CAESARS ENTERTAINMENT • 4Q 2019 4Q 20191,2 • Net revenues +2.6% YoY • Adjusted EBITDAR2 +3.4% YoY • Adjusted EBITDAR margin 27.0% (+20bps) • Las Vegas net revenue +4.2% YoY • Las Vegas adjusted EBITDAR2 +3.4% YoY • Adjusted EBITDAR (ex. Rio) +4.5% YoY • Las Vegas RevPAR5 +2.1% YoY FY 20191,2 • Net revenues +4.2% YoY • Adjusted EBITDAR2 +4.7% YoY • Adjusted EBITDAR margin 27.6% (+10 ...