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 — Brightstar Lottery — Q3 2020 Earnings Presentation
44 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Nov 12, 2020
Slide 1: International Game Technology 2020 Third Quarter Results
International Game Technology 2020 Third Quarter Results Period ended September 30, 2020 November 12, 2020 1
Slide 2: 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 3: Agenda
Agenda Business 1 Marco Sala, CEO Update Financial 2 Max Chiara, CFO Results 3 Q&A 3
Slide 4: Business Update
Business Update 4
Slide 5: Q3'20: Resilience of Portfolio, Strong Execution on Full Display
Q3’20: Resilience of Portfolio, Strong Execution on Full Display Results bolstered by breadth of offer and diverse, global reach • Strongest Lottery same-store sales growth in seven quarters • Digital & Betting revenue up 41%, including over 70% increase from B2B activities Protected profits with di
Slide 6: New, Simplified Organizational Structure Enhances Growth Potential
New, Simplified Organizational Structure Enhances Growth Potential • Enables greater responsiveness to customers and players Global Lottery • Increases effectiveness and competitiveness in each segment Led by Fabio Cairoli • Harmonizes best practices in each product category • Increases organization
Slide 7: Lottery Consistently Provides Stability to Quarterly Revenue and Profit
Lottery Consistently Provides Stability to Quarterly Revenue and Profit Revenue and Adjusted EBITDA(1) Indexed to Q1’19 • Q3’20 revenue and profit demonstrate 50% Recovery to swift improvement vs. Q2’20 30% Q1’19 level 10% • Global Lottery -10% • Substantial resilience and contribution throughout pa
Slide 8: Lottery: Robust Player Demand Drives Acceleration in Growth
Lottery: Robust Player Demand Drives Acceleration in Growth Global same-store sales increased 9% in Q3’20 • Double-digit growth in North America • Continued recovery in Italy Long-term growth profile fueled by several drivers • New games • Portfolio optimization • Price upselling • Improvement of pr
Slide 9: Gaming: Encouraging Player Demand Trends, Product Portfolio Strength
Gaming: Encouraging Player Demand Trends, Product Portfolio Strength Sharp, sequential improvement from Q2’20 levels • Encouraging player demand trends • Progressive activation of installed base • Productivity of activated wide area progressive machines remains solidly above prior-year levels Produc
Slide 10: Spotlight on Digital & Betting: Substantial Growth, Expanded Services
Spotlight on Digital & Betting: Substantial Growth, Expanded Services, and New Partnerships Enhance IGT’s Position Q3’20 Digital & Betting revenue of $104 million, up 41% • A little over half of revenue from Italy B2C activities, remainder primarily North American B2B activities • B2B Digital & Bett
Slide 11: Solid Fundamentals Provide Stability; Focus on Leaner, Stronger IGT
Solid Fundamentals Provide Stability; Focus on Creating a Leaner, Stronger IGT Pandemic highlighted the responsiveness of our team and resilience of operations Continued progress on strategic initiatives, especially emerging businesses Simplified organization, concentration on core competencies incr
Slide 12: Financial Reporting in the New Organizational Structure
Financial Reporting in the New Organizational Structure 12
Slide 13: Revenue Mapping to Global Structure
Revenue Mapping to Global Structure Prior Organizational Structure New Organizational Structure North America North America Global Lottery Gaming & Interactive Lottery Gaming machines Technology supply and operating Service revenue Systems contracts (including LMAs) Operating and facilities manageme
Slide 14: Financial Disclosures - Mapping to Global Structure with Recast FY'19 Figures
Financial Disclosures - Mapping to Global Structure with Recast FY’19 Figures Previous Structure– FY’19 as reported Revenue Operating Income Adjusted EBITDA (2) North America Gaming & Interactive 1,071 North America Gaming & Interactive 264 International Game Technology PLC 1,713 North America Lotte
Slide 15: Changes in Corporate Support Expense Allocations
Changes in Corporate Support Expense Allocations • Previously allocated ~50% of corporate support expenses Recast FY’19 Unallocated Corporate Support Expense • Consistent with best practices, ~75% of corporate support expenses are now allocated to the operating segments Incremental allocations relat
Slide 16: Financial Results
Financial Results 16
Slide 17: Q3'20 Financial Highlights: Strong Resilience Despite Pandemic Impact
Q3’20 Financial Highlights: Strong Resilience Despite Pandemic Impact Revenue Operating Income Adjusted EBITDA(1) • Strong SSS drives Global Lottery • High profit flow-through from • Global Lottery delivers highest revenue to pre-COVID levels Global Lottery growth quarterly Adjusted EBITDA in • Pand
Slide 18: Q3'20 Global Lottery Highlights: Revenue Rebounds to Pre-COVID Levels
Q3’20 Global Lottery Highlights: Revenue Rebounds to Pre-COVID Levels with High Profit Flow-Through 16 -12 Revenue • Double-digit SSS growth for both instant ticket and draw games, partially offset by geographic mix, Q3’19 Lottery Other Product Excluding FX Q3’20 Service Service Sales FX lower LMA r
Slide 19: Q3'20 Global Gaming Highlights: Sequential Growth in Revenue and Profit
Q3’20 Global Gaming Highlights: Sequential Growth in Revenue and Profit; Digital & Betting Revenue Surges • Terminal service reflects partially Revenue inactive installed base and residual casino closures • ASPs stable; terminal product sales mirrors industry-wide impact of pandemic, partly offset Q
Slide 20: 2020 Temporary Cost Actions on Target; $200M+ Structural Savings
2020 Temporary Cost Actions on Target; Simplified Organization Drives $200M+ in Structural Savings • On track for $500 million in temporary cost $500M in Temporary 2020 Cost savings/avoidance in 2020 Savings/Avoidance • New global organization enables optimization of value chain across businesses an
Slide 21: Accelerated Cash Conversion Drives Robust Free Cash Flow
Accelerated Cash Conversion Drives Robust Free Cash Flow Net Net Debt Debt Net 7,354 7,382 Net Debt 133 Debt 169 7,243 41 7,074 366 59 226 (98) (204) (831) $610 net cash provided by operating activities 9/30/19 12/31/19 Adjusted Interest Income Other Cash CapEx Dividends Minorities Other Before FX 9
Slide 22: Ample Liquidity, No Significant Near-Term Maturities
Ample Liquidity, No Significant Near-Term Maturities Total liquidity improved to ~$2.55 billion as of 9/30/20 • $943 million in unrestricted cash; $1.61 billion in additional borrowing capacity • Strong YTD cash flow and increased liquidity allow for repayment of revolver • Re-established full revol
Slide 23: Key Takeaways
Key Takeaways Business recovery highlights resilience • Lottery performance at pre-COVID levels; highest Adjusted EBITDA in seven quarters • Double-digit growth in global Digital & Betting revenue; sequential improvement in Global Gaming • Strong free cash flow • Improved and substantial liquidity p
Slide 24: Q&A
Q&A 24
Slide 25: Appendix
Appendix: Slides 28-31 Q3’20 and YTD’20 Financial Information Slides 33-45 Recast Historical Financial Data, KPIs, and Reconciliations of Non-GAAP Measures 25
Slide 26: Q3'20 and YTD'20 Financial Information
Q3’20 and YTD’20 Financial Information 26
Slide 27: Q3'20 Income Statement (As Reported)
Q3’20 Income Statement (As Reported) Q3'20 Q3'19 % Change Service revenue 880 922 -5% Product sales 102 231 -56% Total revenue 982 1,153 -15% Adjusted EBITDA 354 407 -13% Operating income 129 154 -16% Interest expense, net (101) (103) Foreign exchange (loss) gain, net (149) 124 Other (expense) incom
Slide 28: Q3'20 and YTD'20 Cash Flow Statement
Q3’20 and YTD‘20 Cash Flow Statement Q3'20 Q3'19 YTD '20 YTD '19 Net Cash Flows from Operating Activities 285 197 610 789 CapEx (65) (102) (226) (333) Free Cash Flow 220 95 384 456 Debt Proceeds/(Repayment), Net (662) 64 (71) 98 Other - Net 13 (26) (113) (271) Other Investing/Financing Activities (6
Slide 29: YTD'20 Financial Highlights
YTD ’20 Financial Highlights Revenue Operating Income/(Loss) Adjusted EBITDA Includes $296M in goodwill impairment and $47M in restructuring charges YTD ’19 YTD ‘20 YTD ‘19 YTD ’20 YTD ‘19 YTD ‘20 Note: $ in millions; Adjusted EBITDA removes impact of purchase price amortization, impairment charges,
Slide 30: Q3'20 Reconciliation of Non-GAAP Measures
Q3’20 Reconciliation of Non-GAAP Measures For the three months ended September 30, 2020 For the three months ended September 30, 2019 Operating Operating Global Global Segment Corporate Total Global Global Segment Corporate Total Lottery Gaming Total and Other IGT PLC Lottery Gaming Total and Other
Slide 31: Recast Historical Financial Data, KPIs, and Reconciliations of Non-GAAP Measures
Recast Historical Financial Data, Key Performance Indicators, and Reconciliations of Non-GAAP Measures 31
Slide 32: Global Lottery Recast Historical Financial Data and KPIs
Global Lottery Recast Historical Financial Data and Key Performance Indicators (Amounts in $ millions unless otherwise noted) GLOBAL LOTTERY Revenue YoY % Change (As Reported) YoY % Change (Constant FX) (3) Service FY'18 Q1'19 Q2'19 Q3'19 Q4'19 FY'19 Q1'20 Q2'20 Q3'20 FY'19 Q1'20 Q2'20 Q3'20 FY'19 Q
Slide 33: Global Gaming Recast Historical Financial Data and KPIs
Global Gaming Recast Historical Financial Data and Key Performance Indicators (Amounts in $ millions unless otherwise noted) GLOBAL GAMING Revenue YoY % Change (As Reported) YoY % Change (Constant FX) Service FY'18 Q1'19 Q2'19 Q3'19 Q4'19 FY'19 Q1'20 Q2'20 Q3'20(3) FY'19 Q1'20 Q2'20 Q3'20 FY'19 Q1'2
Slide 34: Global Gaming Recast Historical Financial Data and KPIs
Global Gaming Recast Historical Financial Data and Key Performance Indicators GLOBAL GAMING (continued) Installed base units (by geography) FY'18 Q1'19 Q2'19 Q3'19 Q4'19 FY'19 Q1'20 Q2'20 Q3'20(3) US & Canada 39,589 39,169 37,090 37,260 35,977 35,977 35,065 34,800 34,584 Rest of world 14,905 15,085
Slide 35: Global Gaming Recast Historical Financial Data and KPIs
Global Gaming Recast Historical Financial Data and Key Performance Indicators GLOBAL GAMING (continued) Average Selling Price (ASP) FY'18 Q1'19 Q2'19 Q3'19 Q4'19 FY'19 Q1'20 Q2'20 Q3'20(1) US & Canada $ 13,700 $ 15,600 $ 15,500 $ 14,800 $ 14,900 $ 15,100 $ 14,300 $ 14,700 $ 13,800 Rest of world $ 13
Slide 36: Consolidated Recast Historical Financial Data and KPIs
Consolidated Recast Historical Financial Data and Key Performance Indicators CONSOLIDATED Revenue (by geography) FY'18 Q1'19 Q2'19 Q3'19 Q4'19 FY'19 Q1'20 Q2'20 Q3'20(3) US & Canada 2,196 536 583 538 580 2,236 447 369 443 Italy 1,815 437 422 402 448 1,709 329 184 416 Rest of world 820 172 229 213 22
Slide 37: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 37
Slide 38: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 38
Slide 39: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 39
Slide 40: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 40
Slide 41: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 41
Slide 42: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 42
Slide 43: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 43
Slide 44: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited 44