Ballys Intralot S.a. · ATHEX:BYLOT
Ballys Intralot — Intralot — Q1 2021 Earnings Presentation
17 slides from Ballys Intralot's earnings presentation, Jun 10, 2021
Slide 1: 1Q 2021 Financial Results
1Q 2021 Financial Results June 10th, 2021
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: Chairman & CEO comment on first quarter results
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “First quarter results show strong Revenue and EBITDA growth, driven by robust operational performance and successful implementation of cost containment measures, while maintaining a strong cash position. At the same time, we continue to sharpen o
Slide 4: Revenue Overview
Revenue Overview 16.8 (16.5%) RoW 33.6% B2C 54.8 (53.7%) Americas 1Q21 1Q21 Revenue per Revenue per Game Type 30.4 (29.8%) Geographical Region 66.4% B2B/B2G (%) Europe (in €) €102.0m €102.0m 8.7% 8.7% VLTs IT Products & Services 19.1% Sports Betting 1Q21 Revenue per Activity Line (%) 0.5% Racing €10
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 in € million 1Q21 34% Game 13% 34.2 Licensed Management 13.4 Operations -1.5 2.8 34.2 1Q21 Revenues per Contract Type 32.9 (€m, %) Technology 54.4 53% 35% 1Q20 Malta Other 1Q21 Game 32.9 Licensed Management 9% Revenue Evolution Drivers: Operations 8.1 • Malta
Slide 6: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 in € million 1Q21 34% Game 13.4 13% 34.2 Licensed 0.9 Management 13.4 Operations 1.3 1Q21 Revenues per Contract Type 3.1 (€m, %) Technology 8.1 54.4 53% 35% 1Q20 Turkey United States Morocco 1Q21 Game 32.9 Management Licensed Revenue Evolution Drivers:
Slide 7: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 in € million 1Q21 34% Game 13% 34.2 Licensed Management -1.2 13.4 Operations 1Q21 -1.1 Revenues per 5.5 -1.1 54.4 Contract Type (€m, %) 52.3 Technology 54.4 53% 35% 1Q20 United States Netherlands Australia Other 1Q21 Game 32.9 Management Licensed Revenue Evo
Slide 8: Consolidated Financial Statements for 1Q21
Consolidated Financial Statements for 1Q21 (in € million) 1Q21 1Q20 % Change LTM Revenue (Turnover) 102.0 93.3 9.3% 373.5 Technology, Management & Rest Contracts 68.6 60.8 12.8% 254.1 Licensed Operations (Payout related) 33.4 32.5 2.8% 119.4 Payout (%)1 64.0% 58.5% +5.5pps 62.2% GGR 80.5 74.3 8.3% 2
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES1 EBITDA AND EBITDA MARGIN1 €m €m, % 437 23.9% 20.1% EBITDA Margin 365 374 on Sales 18.1% 16.8% 14.8% +9.3% 65 66 75 +55.4% 93 102 EBITDA 24 16 2019 2020 LTM 1Q20 1Q21 2019 2020 LTM 1Q20 1Q21 OPERATING CASH FLOW AND NET CAPEX NET DEBT2 AND NET DEBT / EBITDA3
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, 1Q21 in € million 651.1 13.3 643.7 12.2 9.3 1.9 3.1 5.2 3.2 Net Debt, Dec 2020 Net Investments Bond IFRS Treatment Parent Company Restricted Capital Structure Growth CAPEX Normal Course Net Debt, Mar 2021 Tax Audit Returns Bank Deposits Optimization of Business P
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 1Q21 Key Revenue Contributors 1Q21 Key EBITDA Contributors (in €m) (in €m) North America2 37.5 North America2 18.0 Europe3 34.7 Europe3 6.7 South America 16.9 South America 2.5 Oceania 4.7 Oceania 3.1 RoW4 5.1 RoW4 2.5 1. Segment Revenue and EBITDA figures exclud
Slide 12: Contribution from Partnerships
Contribution from Partnerships 1Q21 EBITDA 1Q20 EBITDA Country/ Entity Stake Contribution Contribution Bilyoner1 50.01% 15% 5% Tecno Accion Group2 50.01% 11% 15% Total Partnership Contribution 26% 20% INTRALOT’s Portion of EBITDA 85% 84% 1. Management contract. 2. 12 Facilities Management (IT) Contr
Slide 13: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS June 2021 | Public | p. 13
Slide 14: 1Q21 – Group Income Statement
1Q21 – Group Income Statement (in € million) 1Q21 1Q20 % Change LTM Revenue 102.0 93.3 9.3% 373.5 Gross Profit 26.1 19.1 36.6% 82.3 Other Operating Income 5.5 3.6 52.8% 19.5 OPEX -23.2 -25.3 -8.3% -93.1 EBITDA 24.4 15.7 55.4% 74.9 Margin 23.9% 16.8% +7.1pps 20.1% Capital Structure Optimization -5.0
Slide 15: 1Q21 – Group Statement Of Financial Position
1Q21 – Group Statement Of Financial Position (in € million) 1Q21 FY20 Tangible Assets 138.9 134.3 Intangible Assets 200.7 202.0 Other Non-current Assets 19.4 19.2 Inventories 24.2 25.7 Trade and Other Short-term Receivables 138.3 151.5 Cash and Cash Equivalents 90.6 100.0 Assets Held for Sale - 16.2
Slide 16: 1Q21 – Group Cash Flow
1Q21 – Group Cash Flow (in € million) 1Q21 1Q20 EBT from continuing operations -3.4 -14.9 EBT from discontinued operations 0.5 - Plus/less Adjustments 23.3 31.1 Decrease/(increase) of Inventories -1.3 1.0 Decrease/(increase) of Receivable Accounts 13.5 -0.2 (Decrease)/increase of Payable Accounts -1
Slide 17: intralot
intralot