Ballys Intralot S.a. · ATHEX:BYLOT
Ballys Intralot — Q3 2025 Earnings Presentation
16 slides from Ballys Intralot's earnings presentation, Nov 27, 2025
Slide 1: 9M25 Financial Results
9M25 FINANCIAL RESULTS NOVEMBER 27th , 2025
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 and CEO Statement
Chairman and CEO Statement INTRALOT’s Chairman Sokratis P. Kokkalis noted: “INTRALOT has recently completed a transformative transaction acquiring Bally’s International Interactive and refinancing all its maturing debt with a long-term capital structure that lays the foundations for both organic and
Slide 4: UK Tax Impact and Indicative Mitigation Plan
UK Tax Impact and Indicative Mitigation Plan 2025-2026 2026-2027 Ballys-Intralot UK Spain and other Inlot Total Ballys-Intralot UK Spain and other Inlot Total Turnover 2025 660.00 80.00 330.00 1,070.00 Turnover 2026 720.00 90.00 340.00 1,150.00 Ebitda margin 41.7% 49.4% 36.5% 40.6% Ebitda margin 35.
Slide 5: Pro-forma Capitalization & 9M25 Financials
Pro-forma Capitalization & 9M25 Financials Pro-forma Capitalization Revenue and AEBITDA (unaudited) € in millions As of June 30, 2025 Adjustments Pro-forma Pro-forma Combined € in millions As of September 30, 2025 Senior Secured Debt: Revenue: New Debt Financings — 1,560.0 1,560.0 Intralot Standalon
Slide 6: Revenue Overview
Revenue Overview Revenues Revenues Revenues per Game Type (%) per Geographical Region (%) per Activity Line (%) 13.0% 4.9% 11.8% 64.9 (26.7%) VLTs IT Products B2C RoW & Services 21.6% Sports Betting 33.4 (13.8%) 53.6% Europe 144.2 (59.5%) 95.1% Lottery America B2B/B2G Games November 2025 | p. 6
Slide 7: Revenue Evolution per Activity Line
Revenue Evolution per Activity Line B2C in € million 11.8 Q3 H1 5% 249.8 0.7 9M25 Revenues per 1.3 -9.3 242.5 Activity Line 2.0 (€m, %) -0.7 -8.6 95% 230.7 B2B/B2G 9M24 B2B/B2G B2C 9M25 B2C 10.5 RevenueDrivers: Revenue Evolution Evolution Drivers: • Higher revenues by €2.9m (or +2.4%) from our Techn
Slide 8: Consolidated Financial Statements for 9M25
Consolidated Financial Statements for 9M25 (in € million) 9M25 9M24 % Change 3Q25 3Q24 % Change LTM Revenues 242.5 249.8 (2.9%) 74.5 84.5 (11.8%) 348.3 Gross Profit 83.7 99.5 (15.9%) 25.9 34.0 (23.7%) 125.4 Gross Profit margin (%) 34.5% 39.9% (5.4pps) 34.8% 40.2% (5.4pps) 36.0% OPEX1 (69.3) (82.7) (
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES AEBITDA AND AEBITDA MARGIN €m €m, % 356 36.8% 37.1% 36.7% 37.2% 348 AEBITDA margin -2.9% on Revenues 250 243 -1.1% -1.6% 131 129 92 90 AEBITDA 2024 LTM 9M24 9M25 2024 LTM 9M24 9M25 OPERATING CASH FLOW1 AND CAPEX NET DEBT2 AND NET LEVERAGE RATIO3 €m Operatin
Slide 10: Net Debt Movement
Net Debt Movement Adjusted Net Debt Movement, 9M25 (in €m) 355.7 48.1 21.9 32.6 298.8 1.9 Adjusted Net Free Cash Flow1 Net Interest payments Other Debt movements Reorganization/Refinancing Adjusted Net Debt, Dec 2024 costs Debt, Sept 2025 1. Free Cash Flow defined as “Net Cash from Operating activit
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 9M25 Key Revenue Contributors Key EBITDA Contributors 9M24 (in €m) (in €m) 118.3 53.5 North America2 North America2 119.1 50.6 21.8 14.8 Europe3 Europe3 22.2 14.8 25.9 8.6 South America South America 24.4 7.2 18.9 13.5 Oceania Oceania 19.5 14.0 45.9 16.7 RoW4 RoW
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS
Slide 13: 9M25 – Group Income Statement
9M25 – Group Income Statement (in € million) 9M25 9M24 % Change LTM Revenues 242.5 249.8 (2.9%) 348.3 Gross Profit 83.7 99.5 (15.9%) 125.4 OPEX (69.3) (82.7) (16.1%) (104.2) Other Operating Income 23.1 22.1 4.8% 31.0 AEBITDA 90.1 91.6 (1.6%) 129.3 AEBITDA margin (%) 37.2% 36.7% +0.5pps 37.1% Reorgan
Slide 14: 9M25 – Group Statement Of Financial Position
9M25 – Group Statement Of Financial Position (in € million) 9M25 FY24 Tangible Assets (incl. investment properties) 65.4 86.8 Intangible Assets 156.8 179.5 Other Non-current Assets 57.2 62.0 Inventories 22.4 26.4 Trade and Other Short-term Receivables 141.1 155.3 Funds Held in Escrow 900.0 - Cash an
Slide 15: 9M25 – Group Cash Flow
9M25 – Group Cash Flow (in € million) 9M25 9M24 EBT 8.8 10.6 Plus/less adjustments 80.4 81.4 Decrease/(increase) of inventories 1.0 (4.3) Decrease/(increase) of receivable accounts 8.7 (5.4) (Decrease)/increase of payable accounts (10.7) 4.2 Income tax paid (1.8) (4.9) Net Cash from Operating Activi
Slide 16: Lottery Digital Transformation
Driving Lottery Digital Transformation With flexible, reliable, secure solutions and systems.