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 2022 Earnings Presentation
37 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Nov 8, 2022
Slide 1: Period ended September 30, 2022
Period ended September 30, 2022
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 Refo rm Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) an
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Slide 4: Revenue & Profit Growth Accelerates in Q3'22; Strong Financial Condition
Revenue & Profit Growth Accelerates in Q3’22; Strong Financial Condition Driving Compelling Capital Returns Q3’22 revenue up 8%; 14% increase at constant currency GROW Contributions from each operating segment, led by Global Gaming 20% operating income margin at high end of Q3’22 expectations Strong
Slide 5: Attractive Growth Profile for Global Lottery's High-margin, Recurring Revenue Model
Attractive Growth Profile for Global Lottery’s High-margin, Recurring Revenue Model GROW Multi-year same-store sales (SSS) growth accelerated in Q3’22 across all game types Strong instant ticket and jackpot performance North America SSS 30+% higher than 2019 level iLottery sales nearly double prior-
Slide 6: Lottery Leadership Built on Compelling Solutions
Lottery Leadership Built on Compelling Solutions Grounded in Operator Expertise & Player Insights INNOVATE CONNECTED PLAY 6
Slide 7: Strategic Lottery Portfolio Management Provides Increased Stability
Strategic Lottery Portfolio Management Provides Increased Stability & Stronger Margin Profile OPTIMIZE Secured four-year contract extension as primary technology supplier to the New York Lottery to August 2026 Among most successful U.S. lotteries Builds on partnership of 35+ years Expanding moderniz
Slide 8: Sustained, Broad-based Global Gaming Momentum
Sustained, Broad-based Global Gaming Momentum Marks Important Progress Toward 2025 Goals GROW 30+% revenue growth drives operating income that is more than double PY level Strong service margin performance Disciplined cost control Record U.S. & Canada unit shipments for a Q3 and YTD period Unit ship
Slide 9: G2E Highlights: We've Got Game!
G2E Highlights: We’ve Got Game! INNOVATE Premium For Sale Games Systems One Account One Wallet One Step #1 New Premium Leased Game! PeakDual™ 27 DiamondRS™ Building on MLP Strength Peak Family Expansion Leading cashless gaming transformation via Resort Wallet™ and IGTPay™ modules of WAP Video Expans
Slide 10: Focus on Strategic Global Gaming Opportunities & Process Improvements
Focus on Strategic Global Gaming Opportunities & Process Improvements Yields Significant Profit Expansion OPTIMIZE Global product responsibility enabling better decision making Hardware and game development leveraged in more impactful way Better management of supply chain challenges Focus on compell
Slide 11: Digital & Betting Investments Delivering Robust Growth
Digital & Betting Investments Delivering Robust Growth at Attractive Margins GROW Revenue growth accelerates with iSoftBet acquisition Q3’22 revenue up ~30% North America GGR up for both iCasino and Sports Betting On pace to double new iCasino game launches to ~50/year Live in over 25 jurisdictions
Slide 12: On Solid Path to Delivering on FY'22 Commitments
On Solid Path to Delivering on FY’22 Commitments G2E YTD results highlight momentum across verticals Current customer and player demand trends remain strong Resilient, diversified portfolio with majority of profit streams secured by long-term contracts Compelling returns profile $224 million returne
Slide 13: Period ended September 30, 2022
Period ended September 30, 2022
Slide 14: Strong Underlying Y/Y Growth Delivered in Q3'22; On Track for FY'22 Outlook
Strong Underlying Y/Y Growth Delivered in Q3’22; On Track to Achieve FY’22 Outlook 14% 9% 20% 7% (1) Diluted EPS includes non-operating items such as gain on sale of business, DDI/Benson legal settlement accruals, and loss on extinguishment of debt, as well as discrete tax items Note: EUR/USD FX dai
Slide 15: Global Lottery Maintains Strong Multi-year Sales Growth
Global Lottery Maintains Strong Multi-year Sales Growth; OI Margin Within 2025 Outlook Range 3+% global SSS growth driven by strong jackpot activity Revenue $626M Global SSS growth up 20+% vs 2019 Up 4% at constant currency North America and rest of world sales strong across categories Italy instant
Slide 16: Global Gaming Delivers 100+% Profit Growth
Global Gaming Delivers 100+% Profit Growth on Strong Demand for Products and Services Global machine shipments of 8,965 units Revenue U.S. & Canada deliver 6,407 units; 30% increase over 2019 Record U.S. & Canada ASP of $15,900 $379M Operating Other product sales up 54% Y/Y on higher IP Income and m
Slide 17: Digital & Betting Revenue Growth Accentuated by iSoftBet Acquisition
Digital & Betting Revenue Growth Accentuated by iSoftBet Acquisition Continued double-digit revenue increase; Revenue up ~30% $54M iGaming drivers include iSoftBet acquisition, new markets in North America, and organic OI Margin growth 22% 2025 target 30+% Expanding sportsbook footprint Solid operat
Slide 18: Asset Sale Drives Higher Debt Reduction in FY'22; Balanced Capital Allocation
Asset Sale Drives Higher Debt Reduction in FY’22; Balanced Capital Allocation Strategy Intact Cash Flows Allocation of Cash from Operations & Divestitures (YTD as of 9/30/22) (YTD as of 9/30/22) 10% 16% $621M $395M 8% Shareholder Cash from Free returns Operations Cash Flow* 43% 7% $236M in Q3’22 $16
Slide 19: Enhanced Credit Profile Features Lower Leverage, Solid Liquidity
Enhanced Credit Profile Features Lower Leverage, Solid Liquidity, and No Significant Near-term Debt Maturities Net Debt and Leverage Debt Composition 18% Net debt leverage of 3.1x below 2022 target and 7,319 near mid-point of 2025 target range 5,922 5,075 Successfully completed partial tender of cer
Slide 20: Introducing Q4'22 Expectations; Targeting Upper Half of FY'22 Outlook Range
Introducing Q4’22 Expectations; Targeting Upper Half of FY’22 Outlook Range FY’22 Q4’22 Revenue $4.1B – $4.2B ~$1.0B Operating Income Margin 20% – 22% 18% – 19% Q4’22 Outlook Assumptions Cash from Operations $850M - $950M EUR/USD @ 1.00 Operating income margin includes ~150 - 200 Capital Expenditure
Slide 21: On Track to Deliver on FY'22 Commitments
On Track to Deliver on FY’22 Commitments Strong Enhanced Compelling Targeting Upper Half of Q3’22 Results Credit Profile Shareholder Returns FY’22 Outlook Range Revenue increases to Significant debt reduction Record capital returned to Revenue of $4.1 – $4.2B $1.06B, up 14%(1), in upper shareholders
Slide 22: Lottery
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Slide 23: Appendix
APPENDIX
Slide 24: Q3'22 Select Performance and KPI Data: Global Lottery
Q3'22 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL LOTTERY Q3'22 Q3'21 Y/Y Change (%) Change (%) Q2'22 Reported (%) Revenue Service Operating and facilities management contracts 561 590 (5)% 3% 581 (3)% Upfront license fee amortization (44) (51) 15% —% (46) 5% Operat
Slide 25: Q3'22 Select Performance and KPI Data: Global Gaming
Q3'22 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL GAMING Q3'22 Q3'21 Y/Y Change (%) Change (%) Q2'22 Reported (%) Revenue Service Terminal 126 116 8% 10% 123 3% Systems, software, and other 58 56 4% 7% 56 4% Total service revenue 184 172 7% 9% 179 3% Product sales T
Slide 26: Q3'22 Select Performance and KPI Data: Global Gaming (Continued)
Q3'22 Select Performance and KPI Data GLOBAL GAMING (Continued) Q3'22 Q3'21 Y/Y Change (%) Q2'22 Yields (by geography)(1), in absolute $ US & Canada $43.73 $40.79 7% $42.64 Rest of world $6.32 $5.64 12% $6.20 Total yields $31.09 $29.67 5% $30.55 Global machine units sold New/expansion 1,005 1,009 —%
Slide 27: Q3'22 Select Performance and KPI Data: Digital & Betting
Q3'22 Select Performance and KPI Data Constant Sequential Currency Change as DIGITAL & BETTING Q3'22 Q3'21 Y/Y Change (%) Change (%) Q2'22 Reported (%) Revenue Service 54 43 27% 34% 43 28% Product sales — — (91)% (91)% — (89)% Total revenue 54 43 27% 34% 43 27% Operating income 12 12 (5)% (3)% 8 43%
Slide 28: Q3'22 Summarized Income Statement
Q3'22 Summarized Income Statement For the three months ended September 30, Constant Currency Change 2022 2021 Y/Y Change (%) (%) Service revenue 826 832 (1)% 6% Product sales 234 152 54% 59% Total revenue 1,060 984 8% 14% Total operating expenses 849 772 10% 15% Operating income 211 212 —% 9% Intere
Slide 29: Summarized Cash Flow Statement
Summarized Cash Flow Statement For the three months ended For the nine months ended September 30, September 30, 2022 2021 2022 2021 Net cash provided by operating activities 236 113 621 613 Capital expenditures (73) (47) (226) (168) Free cash flow 163 66 395 445 Net cash provided by discontinued ope
Slide 30: Reconciliations of Non-GAAP Measures - Q3'22
Reconciliations of Non-GAAP Measures - Q3'22 For the three months ended September 30, 2022 Business Global Global Digital & Segments Corporate Total Lottery Gaming Betting Total and Other IGT PLC Income from continuing operations 294 Provision for income taxes 21 Interest expense, net 73 Foreign exc
Slide 31: Reconciliations of Non-GAAP Measures - Q3'22
Reconciliations of Non-GAAP Measures - Q3'22 For the three months ended September 30, 2022 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 1.30 Adjustments: Foreign exchange gain, net (0.18) 0.04 (0.22) Amortization - purchase acc
Slide 32: Reconciliations of Non-GAAP Measures - Q3'21
Reconciliations of Non-GAAP Measures - Q3'21 For the three months ended September 30, 2021 Business Global Global Digital & Segments Corporate Total Lottery Gaming Betting Total and Other IGT PLC Income from continuing operations 101 Provision for income taxes 37 Interest expense, net 79 Foreign exc
Slide 33: Reconciliations of Non-GAAP Measures - Q3'21
Reconciliations of Non-GAAP Measures - Q3'21 For the three months ended September 30, 2021 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 0.31 Adjustments: Foreign exchange gain, net (0.03) 0.06 (0.09) Amortization - purchase acc
Slide 34: Reconciliations of Non-GAAP Measures - YTD Q3'22
Reconciliations of Non-GAAP Measures - YTD Q3'22 For the nine months ended September 30, 2022 Business Global Global Digital & Segments Corporate Total Lottery Gaming Betting Total and Other IGT PLC Income from continuing operations 445 Provision for income taxes 74 Interest expense, net 223 Foreign
Slide 35: Reconciliations of Non-GAAP Measures - YTD Q3'22
Reconciliations of Non-GAAP Measures - YTD Q3'22 For the nine months ended September 30, 2022 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 1.66 Adjustments: Foreign exchange gain, net (0.29) 0.12 (0.41) Amortization - purchase
Slide 36: Reconciliations of Non-GAAP Measures - YTD Q3'21
Reconciliations of Non-GAAP Measures - YTD Q3'21 For the nine months ended September 30, 2021 Business Global Global Digital & Segments Corporate Total Lottery Gaming Betting Total and Other IGT PLC Income from continuing operations 200 Provision for income taxes 217 Interest expense, net 264 Foreig
Slide 37: Reconciliations of Non-GAAP Measures - YTD Q3'21
Reconciliations of Non-GAAP Measures - YTD Q3'21 For the nine months ended September 30, 2021 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 0.22 Adjustments: Foreign exchange gain, net (0.30) 0.08 (0.38) Amortization - purchase