Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — FY2013 Earnings Presentation
36 slides from Ainsworth Game Technology's earnings presentation, Aug 27, 2013
Slide 1: FY13 Annual Results Announcement
FY13Annual FY13 Annual Results ResultsAnnouncement Announcement AinsworthGame Ainsworth GameTechnology TechnologyLimited Limited For personal use only
Slide 2: Disclaimer
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Disclaimer IMPORTANT NOTICE This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith.No express or implied warranty is given as to the accuracy or completeness
Slide 3: For personal use only
FY13 Annual Results Announcement For personal use only 3
Slide 4: Financial Highlights
FY13 Annual Results Announcement FY13 Annual Results Announcement FY13 Financial Highlights For personal use only ̶ Net profit after tax of $52.2 million, including a tax expense of $17.1 million ̶ Profit before tax of $69.3 million, an increase of 50% on pcp ̶ 6.6% above the $65.0 million guidance
Slide 5: Operational Highlights
FY13 Annual Results Announcement FY13 Annual Results Announcement FY13 Operational Highlights For personal use only ̶ Continued strong game performance ̶ Including Double Shot™, Quad Shot and MultiPlay™Big Time II ̶ Supported by investment in R&D (~12% of revenue in FY13) ̶ Further market share gain
Slide 6: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 7: Consolidated Results – P&L
FY13 Annual Results Announcement FY13 Annual Results Announcement Consolidated Results – P&L For personal use only ̶ Strong continued domestic and Change Change international revenue growth A$m 30 Jun 2013 30 Jun 2012 (%) (%) ̶ Acceleration of domestic orders into Domestic revenue 124.4 103.1 ▲ 21%
Slide 8: Consolidated Results – Balance Sheet
FY13 Annual Results Announcement FY13 Annual Results Announcement Consolidated Results – Balance Sheet For personal use only A$m 30 Jun 2013 30 Jun 2012 Change (%) ̶ Strong balance sheet Cash 40.1 22.9 +75% ̶ Net cash position of $40.1m as Receivables 106.4 83.5 +27% at 30 June 2013 Other Current As
Slide 9: Consecutive Periods of Revenue Growth
FY13 Annual Results Announcement FY13 Annual Results Announcement 10 Consecutive Periods of Revenue Growth For personal use only 9
Slide 10: Increasing contribution from International Business
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Increasing contribution from International Business 10
Slide 11: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 12: Segment Results - Australia
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Segment Results - Australia ̶ Continuing Growth in NSW & Qld Change Change A$m 30 Jun 2013 30 Jun 2012 (%) (%) ̶ Continuing Mid Denomination excellence (Reels of WheelsTM and Revenue 124.4 103.1 ▲ 21% MultiplayTM
Slide 13: Floor Share and Turnover Contribution in NSW Clubs
FY13 Annual Results Announcement FY13 Annual Results Announcement Floor Share and Turnover Contribution in NSW Clubs For personal use only ̶ Ainsworth’s floor share, turnover contribution and net contribution within NSW Clubs have increased over the last 12 months * Data source: Maxgaming sample siz
Slide 14: Floor Share and Turnover Contribution in NSW Clubs
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Floor Share and Turnover Contribution in NSW Clubs Ainsworth Install Base - NSW Clubs Overall 1c 2c 5c 10c 20c $1 July 2012 3595 1904 471 817 168 47 188 July 2013 4634 2564 539 974 276 45 236 Difference 1039 660
Slide 15: Floor Share and Turnover Contribution in QLD Clubs & Hotels
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Floor Share and Turnover Contribution in QLD Clubs & Hotels ̶ Ainsworth’s floor share, turnover contribution and net contribution in QLD Clubs & Hotels also increased considerably over the last 12 months * Data s
Slide 16: Floor Share and Turnover Contribution in QLD Clubs & Hotels
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Floor Share and Turnover Contribution in QLD Clubs & Hotels Ainsworth Install Base - QLD Clubs & Hotels Overall 1c 2c 5c 10c 20c $1 July 2012 3161 632 688 1791 2 24 24 July 2013 4399 1007 1258 2049 0 19 66 Differ
Slide 17: Agenda
FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outlook 9. Questions 17
Slide 18: Segment Results – Nth America
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Segment Results – Nth America ̶ Growth in Revenue & Profitability Change Change A$m 30 Jun 2013 30 Jun 2012 (%) (%) ̶ Growth in Outright Sales Volume Revenue 42.9 25.8 ▲ 66% ̶ Growth of Units on Trial Segment Pro
Slide 19: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 20: Segment Results – Rest of World
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Segment Results – Rest of World Change Change ̶ Increase in volume and turnover for A$m 30 Jun 2013 30 Jun 2012 (%) (%) Asia & Latin America Revenue 30.8 21.7 ▲ 42% ̶ Increase in participation installed base Segm
Slide 21: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 22: Product Approvals – FY13
FY13 FY13 Annual Annual Results Results Announcement Announcement Product Approvals – FY13 Argentina Guatemala Rhode Island Arkansas For personal use only Idaho Singapore Chile A560 Colombia Monaco Tasmania Hotels & Clubs Ohio Victoria Hotels & Clubs Costa Rica Oregon Indians Vietnam Estonia ACT Iow
Slide 23: Regulatory Update - Licenses
FY13 FY13 Annual Annual Results Results Announcement Announcement Regulatory Update - Licenses For personal use only ̶ Ainsworth has obtained 23 new licenses since July 2012 Agency State Arkansas Racing Commission Arkansas Bear River Bank of the Rohnerville Rancheria California Coyote Valley Gaming
Slide 24: Regulatory Update - Licenses
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Regulatory Update - Licenses ̶ The hearing of the Company’s appeal against an order of denial issued by the Missouri Gaming Commission for a permanent Supplier License has been completed. The Appeal Hearing Offic
Slide 25: Approved Jurisdictions as at August 2013
FY13 Annual Results Announcement FY13 Annual Results Announcement Approved Jurisdictions as at August 2013 For personal use only Country State Arkansas Maryland New Jersey California Michigan New York Connecticut Minnesota * Ohio USA Florida Mississippi # Pennsylvania Illinois Missouri * West Virgin
Slide 26: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 27: A560 Victorian club and hotel market
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only ̶ Approval and initial installations of the A560™ in the Victorian club and hotel market 27
Slide 28: A560 Premium Mega Top and Wide Boy
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only ̶ The launch of the A560™ Premium Mega Top™ and Wide Boy™ games specifically designs for recurring revenue opportunities 28
Slide 29: Quad Shot release
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only ̶ The successful release of the low denomination 4 level stand alone progressive Quad Shot in to New South Wales , Queensland and North America 29
Slide 30: Multiplay Big Time II
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only ̶ The first release of the Multiplay™ Big Time II providing for multigame, multi denomination game play in NSW 30
Slide 31: Australia – A560
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Australia – A560 ̶ Consistent outperformance of A560 product with 132% average performance against the house average in Australia (NSW: 130%; QLD 133%) 160% 140% Average 120% Performance vs HA (%) 100% 80% 60% 40
Slide 32: North America – A560
FY13 Annual Results Announcement FY13 Annual Results Announcement North America – A560 For personal use only ̶ Consistent outperformance of A560 product with 145% average performance against the house average in North America 250% 200% Performance vs HA (%) 150% Average 100% 50% 0% STD SAP DS TS QS
Slide 33: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 34: FY2014 Outlook
FY13 Annual Results Announcement FY13 Annual Results Announcement FY2014 Outlook For personal use only ̶ Further revenue growth is expected within all International markets as new Premium PlusTM games are approved further providing the platform for footprint expansion of recurring revenue units in t
Slide 35: Agenda
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only 1. Results Highlights 2. Consolidated Results 3. Segment Results - Australia 4. Segment Results – North America 5. Segment Results – Rest of the World 6. Regulatory / Licensing Update 7. Gaming Products 8. Outloo
Slide 36: Thank You
FY13 Annual Results Announcement FY13 Annual Results Announcement For personal use only Thank You Thank you for your interest in Ainsworth Game Technology Limited Please visit us at www.ainsworth.com.au 36
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