Churchill Downs Incorporated INVESTKentucky Equity Conference June - PowerPoint PPT Presentation

Churchill Downs Incorporated INVESTKentucky Equity Conference June 7, 2007 Churchill Downs Incorporated (NASDAQ: CHDN)

presented by: presented by: Michael W. Anderson Michael W. Anderson Vice President Corporate Finance and Treasurer Vice President Corporate Finance and Treasurer 2

Safe Harbor Safe Harbor Some statements made in this presentation will be forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, expectations or beliefs about future events or results, or otherwise are not statements of historical fact. Actual performance of the Company may differ materially from that projected in such statements. Investors should refer to statements filed by the Company with the Securities and Exchange Commission for a discussion of those factors that could affect Churchill Downs Incorporated’s operations and the forward-looking statements made today. The information being provided is of this date only, and Churchill Downs Incorporated expressly disclaims any obligation to release publicly any updates of revisions to these forward-looking statements to reflect any changes in expectations. 3

Presentation Overview Presentation Overview I. Our Core Brands and Properties I. Our Core Brands and Properties II. Recent Events/Announcements II. Recent Events/Announcements III. Opportunities III. Opportunities IV. Q&A Session IV. Q&A Session 4

I. Our Core Brands and Properties I. Our Core Brands and Properties � Four Core Racetrack Holdings ― Solid Base � Four Core Racetrack Holdings ― Solid Base � Arlington Park, Arlington Heights, IL � Arlington Park, Arlington Heights, IL � Churchill Downs Racetrack, Louisville, KY � Churchill Downs Racetrack, Louisville, KY � Calder Race Course, Miami, FL � Calder Race Course, Miami, FL � Fair Grounds, New Orleans, LA � Fair Grounds, New Orleans, LA � Rebuild after Catastrophes Complete � Rebuild after Catastrophes Complete � Twinspires.com � Twinspires.com � Kentucky Derby Week � Kentucky Derby Week 5

II. Recent Events/Announcements II. Recent Events/Announcements � Customer-Focused Agreements with � Customer-Focused Agreements with Magna Entertainment – March 5, 2007 Magna Entertainment – March 5, 2007 � TrackNet Media Group LLC � TrackNet Media Group LLC � HRTV – 50% Interest � HRTV – 50% Interest � Advance-Deposit Wagering Service � Advance-Deposit Wagering Service � Twinspires.com Launched May 2, 2007 � Twinspires.com Launched May 2, 2007 � Internally Developed � Internally Developed � Understand Our Customers � Understand Our Customers � Enjoy Better Economics � Enjoy Better Economics 6

III. Opportunities III. Opportunities � Technology Focus � Technology Focus � New Executive Leadership Team � New Executive Leadership Team � Intangible Assets versus Bricks and Mortar � Intangible Assets versus Bricks and Mortar � Potential Industry Consolidation � Potential Industry Consolidation � International � International 7

Session Session Q&A Q&A 8

Churchill Downs Incorporated INVESTKentucky Equity Conference June 7, 2007 Churchill Downs Incorporated (NASDAQ: CHDN)