Slide 1: 2017 First Half Financial Results
2017 First Half Financial Results August 31st, 2017 August 2017| Public | Final | Page 1 of 19
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations. This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: Presentation Participants
Presentation Participants ANTONIOS KERASTARIS, GROUP CEO GEORGIOS KOLIASTASIS, GROUP CFO NIKOLAOS PAVLAKIS, GROUP TAX & ACCOUNTING DIRECTOR ANDREAS CHRYSOS, GROUP BUDGETING, CONTROLLING & FINANCE DIRECTOR MICHAIL TSAGKALAKIS, CAPITAL MARKETS DIRECTOR For more information: Chrysostomos Sfatos, Group
Slide 4: Wagers Handled & Revenues
Wagers1 Handled & Revenues 150 (+9.9%) 1,488 (-14.9%) Africa East Europe 145.7 (+19.9%) RoW €12.4bn Wagers 1H17 4,421 (+9.8%) Handled in Revenue per Asia 2,635 (+3.7%) 282.9 (+38.6%) Geographical 1H17 West Europe Region Europe €733.2m 304.5 (+41.5%) Americas 536 (+43.0%) 3,163 (-3.4%) South America
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution 3 in € million 11 568 27 Technology 28 15% 110 1H17 33 Licensed Revenues per 568 Contract Type Operations 78% 466 Game 55 (€m, %) 7% Management Technology 18% 111 Game 1H16 Licensed 9% 60 Management Revenues per Operations 1H16 Jamaica Bulgaria Azerbaijan Pola
Slide 6: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution in € million 78% 1H17 568 Revenues per 7% Game 55 Contract Type Management 4 (€m, %) 110 15% Technology Licensed Operations 60 1 0 55 73% 466 1H16 9% Game 60 Revenues per Management 1H16 Turkey Russia Morocco 1H17 Contract Type (€m, %) Revenue Evolution
Slide 7: Technological Contracts - Revenue Evolution
Technological Contracts - Revenue Evolution in € million Game 7% Management 55 2 110 1H17 Technology 2 Revenues per Contract Type 110 15% 2 78% 568 (€m, %) 15 3 Licensed Operations 111 5 Game 9% Management 60 1H16 Technology Revenues per 1Q16 United States Australia Chile Argentina Greece Other 1Q17
Slide 8: Consolidated Financial Statements for 1H17 and 2Q17
Consolidated Financial Statements for 1H17 and 2Q17 (in € million) 1H17 1H16 % Change 2Q17 2Q16 % Change LTM Revenues (Turnover) 733.2 636.9 15.1% 365.3 331.9 10.1% 1,419.9 Gross Profit 127.0 119.2 6.5% 63.8 60.3 5.8% 240.9 Gross Profit Margin (%) 17.3% 18.7% -1.4pps 17.5% 18.2% -0.7pps 17.0% EBITDA
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES EBITDA AND EBITDA MARGIN €m €m 14.0% 13.3% 13.3% 12.7% 12.6% 12.6% 1,853 1,915 9.5% 9.3% +4.2% 1,539 +7.2% 1,419 1,324 1,235 +3.6% +15.1% 195 175 177 165 176 179 733 637 89 92 1 1 1 2013A 2014A 2015A 2015A 2016A LTM 2016H1 2017H1 1 1 2013A 2014A 2015A 2015A
Slide 10: GGR & Net EBITDA Margin
GGR & Net EBITDA Margin (in € million) 1H17 1H16 % Change 2Q17 2Q16 % Change Revenues 733.2 636.9 15.1% 365.3 331.9 10.1% Technology, Management & Rest 207.2 209.6 -1.1% 104.6 108.9 -3.9% Contracts Licensed Operations (Payout related) 526.0 427.3 23.1% 260.7 223.0 16.9% Payout (%) 70.3% 69.6% 0.7pps
Slide 11: Net Debt Movement
Net Debt Movement in € million 4.8 516.8 5.4 11.7 Net debt increased by €21.9m as a result of the 494.9 decision to invest in software (AMELCO) and to acquire Eurobet Net Debt, 2016 AMELCO Eurobet PP Instalments All Other Net Debt, 1H17 August 2017| Public | Final | Page 11 of 19
Slide 12: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors Other Other Jamaica Morocco Jamaica 17% 6% 11% Morocco 6% 27% 1% 116 6 10 5 Bulgaria Turkey 196 Turkey 6% 11 15% 42 1H17 Largest 14 19% 1H17 Largest Revenue 17 6% 44 EBITDA Contributors Contributors United States (in €m, %) 45 (in €m, %) 9 6% 47 155 10% 16 6 77 Ar
Slide 13: Contribution from Partnerships
Contribution from Partnerships Country Stake 1H17 EBITDA Contribution 1H16 EBITDA Contribution Turkey (Inteltek)1 45.00% 12% 18% Turkey (Bilyoner) 1 50.01% 7% 6% 49.00% + option for additional Bulgaria (Eurofootball Group) 2 12% 12% 2.00% 49.00% + option for additional Bulgaria (Eurobet Group) 2 4%
Slide 14: Recent Company Developments
Recent Company Developments • In 1H17 INTRALOT extended key US contracts in Ohio, Vermont, Idaho, and Arkansas US Market • Average US contract maturity: 7.4 years (including extension options) Developments • €35.0m of annual EBITDA (2016 figures) secured until 2025 • INTRALOT expects to convert new
Slide 15: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS
Slide 16: 1H17 – Group Income Statement
1H17 – Group Income Statement (in € million) 1H17 1H16 % Change Revenues 733.2 636.9 15.1% Gross Profit 127.0 119.2 6.5% Other Operating Income 8.8 10.2 -13.7% Opex -79.4 -73.3 8.3% EBITDA 92.2 89.0 3.6% Margin 12.6% 14.0% -1.4pps EBIT 56.4 56.1 0.5% Interest Expense (Net) -23.6 -27.9 -15.4% Exchang
Slide 17: 1H17 – Group Statement Of Financial Position
1H17 – Group Statement Of Financial Position (in € million) 1H17 FY16 Tangible Assets 116.7 133.0 Intangible Assets 334.4 329.6 Other Non-current Assets 220.9 231.9 Inventories 35.2 32.2 Trade Receivables 79.5 84.8 Other Current Assets 217.9 249.6 Total Assets 1,004.6 1,061.1 Share Capital 47.7 47.7
Slide 18: 1H17 – Group Cash Flow
1H17 – Group Cash Flow (in € million) 1H17 1H16 EBT From Continuing Operations 26.6 20.3 EBT From Discontinuing Operations -12.1 35.6 Plus/Less Adjustments 78.6 44.0 Decrease/(Increase) Of Inventories -4.1 -0.2 Decrease/(Increase) Of Receivable Accounts 0.2 -0.3 (Decrease)/Increase Of Payable Accoun
Slide 19: August 2017| Public | Final | Page 19 of 19
August 2017| Public | Final | Page 19 of 19