Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025. · NYSE:BRSL
Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025 — International Game Technology — Q2 2018 Earnings Presentation
18 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Jul 31, 2018
Slide 1: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and
Slide 2: Agenda
Agenda Marco Sala, CEO Strategic Update 1 Alberto Fornaro, CFO Q2’18 Results 2 Q&A 3 3
Slide 3: Agenda
Agenda Marco Sala, CEO Alberto Fornaro, CFO 8 Ee
Slide 4: Q2'18: Rounding Out a Strong First Half
5 Underlying business growth drives even better profit expansion Adjusted EBITDA: Q2’18 up 4%, H1’18 up 10% Lottery sales continue to exceed expectations in North America and Italy Gaming: Sequential growth in North America installed base; strong Italy gaming machine results Lower global replacement
Slide 5: 2018 Second Quarter Financial Results
2018 Second Quarter Financial Results 6
Slide 6: Financial Highlights
Q2’18 Financial Highlights Adjusted Operating Income Adjusted EBITDA Diluted EPS Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transaction expense (see appendix for details) EUR/USD FX daily average: 1.19 in Q2’18; 1.10 in Q2’17 Sc
Slide 7: North America Gaming & Interactive Highlights
Q2’18 North America Gaming & Interactive Highlights Revenue Key Performance Indicators Gaming Service improved double digits, at constant scope and net of ASC 606 jackpot expense reclass, primarily due to upfront recognition of revenue from large, multi-year poker contract Installed base increased ~
Slide 8: North America Lottery Highlights
Q2’18 North America Lottery Highlights Revenue Key Performance Indicators Same-store revenue growth driven entirely by instant tickets and draw-based games, especially in California and Texas LMA revenue reflects timing of incentive recognition per ASC 606 and lower pass-through revenues Robust lott
Slide 9: International Highlights
Q2’18 International Highlights Revenue Key Performance Indicators Q2’18 revenue down 6%; H1’18 revenue up 2% Lottery same-store revenue growth driven by solid instant ticket and draw-based game performance, despite significantly lower jackpot activity Gaming service revenue down on exit from certain
Slide 10: Q2'18 Italy Highlights
Revenue Key Performance Indicators Strong constant currency revenue growth continues Lottery wagers up on double-digit 10eLotto growth and sustained momentum in Scratch & Win, primarily due to the Miliardario game Machine Gaming up on strong underlying performance despite state-mandated reduction in
Slide 11: Net Debt and Leverage Profile
Net Debt and Leverage Profile 12 Payments to minorities includes dividends to Lotto joint-venture partners Upfront fees reflect gross payment related to the Scratch & Win license; $233 million net of partner contributions Net of FX, leverage was relatively stable despite the upfront fees and payment
Slide 12: H1'18 Cash Flow Statement
H1’18 Cash Flow Statement Operating Cash Flow includes $366 million Scratch & Win upfront payment CapEx in line with expectations Capital Markets activity: Issued new €500 million Senior Secured Notes due in 2024 ~ €400 million of net proceeds used to fund partial tender of Euro Notes due in 2020 Ne
Slide 13: FY'18 Outlook
FY’18 Outlook 14 $26 million EUR/USD FX translation impact mitigates improvements in underlying business outlook Range reflects potential variability in timing of product sales Metric 2018 Outlook 1H’18 Results Updated View Adjusted EBITDA $1,700 - $1,780 million (@ EUR/USD of 1.19 vs. prior expecta
Slide 14: FY'18 Outlook
FY’18 Outlook Metric 2018 Outlook | 1H’18 Results | Updated View {$1,700 - $1,780 milion Outlook maintained esploiower (@ EURIUSD of 1.19 ‘$878 million Adhd EBTDA cURUSD rate Sorerepecsionet (@eunusoeri2) GUD, ) rate of 1.17) CaptalErpendiees $575-8525 rin S250 min Y on tack €750 ion (480 ¥ ona uSaa
Slide 15: Income Statement (As Reported)
Q2’18 Income Statement (As Reported) 16 Income Statement Q2'18 Q2'17 % Change Service revenue 1,007 1,024 -2% Product sales 195 196 0% Total Revenue 1,202 1,220 -1% Adjusted EBITDA 442 424 4% Operating Income 209 192 9% Interest expense, net (103) (114) Foreign exchange 173 (220) Other (32) (26) Fin
Slide 16: Reconciliation of Non-GAAP Measures
Q2’18 Reconciliation of Non-GAAP Measures 17 Adjustments Q2 2018 Transaction Q2 2018 As Purchase Foreign Restructuring and Refinancing As Reported Accounting Exchange Expense Expense, net Adjusted Total revenue 1,202,338 (182) - - - 1,202,156 Cost of services 607,684 (21,061) - - - 586,623 Cost of p
Slide 17: Reconciliation of Non-GAAP Measures
Q2’18 Reconciliation of Non-GAAP Measures 18 As Reported Q2'18 Q2'17 Net income (loss) 195 (252) Provision for income taxes 52 84 Non-operating (income) expenses (38) 360 Depreciation 104 94 Amortization 68 102 Service revenue amortization 55 53 Stock-based compensation expense 3 2 Restructuring exp
Slide 18: Reconciliation of Non-GAAP Measures
Q2’18 Reconciliation of Non-GAAP Measures Netincome (loss) Provision for income taxes Non-operating (income) expenses Depreciation ‘Amortization Service revenue amortization Stock-based compensation expense Restructuring expense ‘Transaction income, net ‘Adjusted EBITDA ‘As Reported ans azt7 195 (25
International Game Technology — Q2 2018 Earnings Presentation on 6ix