Slide 1: Fourth Quarter 2022 Earnings Presentation
Fourth Quarter 2022 Earnings Presentation February 2023
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical
Slide 3: Accel at a Glance
Accel at a Glance Average Daily Net Gaming Revenue(1) ($ in thousands) High Quality Service Strong Track Company Record of in Gaming Growth Vertical As of December 31, 2022, Accel owned and operated 23,150 terminals across 3,598 locations in Illinois, Montana, and Nevada Long, recurring agreements B
Slide 4: Recent Highlights
Recent Highlights • 2022 revenue, net income, and Adjusted EBITDA were all-time records for Accel − Illinois Q4 2022 same store sales(1) grew 6% compared to Q4 2021 and 2022 same store sales grew 3% compared to 2021 • On December 15, 2022, Century acquired DEP, Inc. ("Progressive"), a gaming operato
Slide 5: Accel Quarterly KPIs
Accel Quarterly KPIs Locations (#) Terminals (#) 3,489 3,517 3,598 22,128 22,429 23,150 332 335 340 2,614 2,645 2,585 585 586 610 5,742 5,782 6,108 2,470 2,565 2,527 2,572 2,549 2,596 2,584 2,648 12,720 13,663 13,177 13,801 13,384 14,033 13,639 14,397 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 IL 2022 IL 2022 MT
Slide 6: 2022 Results
2022 Results $ in millions Q4 2021 Q4 2022 % Change FY 2021 FY 2022 % Change Locations 2,584 3,598 39% 2,584 3,598 39% Terminals 13,639 23,150 70% 13,639 23,150 70% Revenue $192 $278 45% $735 $970 32% Adj EBITDA(1) $33 $43 30% $140 $162 16% CapEx(2) $11 $14 31% $30 $47 59% Net Debt(3) $143 $318 123%
Slide 7: Historical Financial Summary
Historical Financial Summary $ in millions Tw elve Months Ended Three Months Ended Q4 Tw elve Months Ended YTD December 31, December 31, YoY December 31, YoY 2018 2019 2020 2021 2021 2022 Grow th 2021 2022 Grow th No. of Locations 1,686 2,312 2,435 2,584 2,584 3,598 39% 2,584 3,598 39% No. of Termin
Slide 8: Accel Balance Sheet
Accel Balance Sheet $ in millions December 31, 2021 December 31, 2022 Assets Current Assets: Cash and cash equivalents $199 $224 Other current assets $49 $75 Total current assets $248 $299 Property and equipment, net $152 $212 Route and customer acquisition costs, net $16 $18 Location contracts acqu
Slide 9: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation $ in millions Tw elve Months Ended Three Months Ended Tw elve Months Ended December 31, December 31, December 31, 2018 2019 2020 2021 2021 2022 2021 2022 Reported Net Income (Loss) 11 (37) (0) 32 7 13 32 74 (+) Amortization of intangible assets and route and customer