Light & Wonder, Inc. · ASX:LNW
Light & Wonder — Scientific Games — Q4 2012 Earnings Presentation
10 slides from Light & Wonder's earnings presentation, Mar 11, 2013
Slide 1: Scientific Games Fourth Quarter 2012 Earnings Presentation
Scientific Games Fourth Quarter 2012 Earnings Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Throughout this presentation we make “forward - looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward - looking statements describe future expectations, plans, results or strategies and can often be identified by the use
Slide 3: Summary of Q4 Results
3 (1) Attributable EBITDA, as used herein, is based on the definition of "consolidated EBITDA" in our credit agreement (summarized in our March 11, 2013 press release), except that attributable EBITDA as used herein includes our share of the EBITDA of all of our equity investments (whereas "consolid
Slide 4: Summary of Q4 Results
4 (1) Attributable EBITDA, as used herein, is based on the definition of "consolidated EBITDA" in our credit agreement (summarized in our March 11, 2013 press release), except that attributable EBITDA as used herein includes our share of the EBITDA of all of our equity investments (whereas "consolid
Slide 5: Q4'12 Key Performance Indicators
8.3% 5.8% 6.3% 6.5% 0.8% Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Global Draw U.K. Gross Win/Terminal/Day(1) 15.7% 0.7% (7.5%) (17.6%) (14.9%) Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q4’12 Key Performance Indicators U.S. Lottery Customers’ Retail Sales Y/Y Δ China Sports Lottery Instant Ticket Retail Sales Y/Y Δ Italy I
Slide 6: Printed Products
Printed Products ($ in millions) 6 ▪ Strength in international revenue primarily reflects Italy and the U.K. ▪ Increase in revenue from U.S. percentage of sales and cooperative services customers reflects the retail sales growth outperformance of those customers ▪ Performance of U.S. price per thous
Slide 7: Lottery Systems
Lottery Systems ($ in millions) 7 ▪ Strength in equipment sales primarily reflects orders from Germany and growth in VLT business ▪ U.S. service revenue benefitted from a record Powerball ® jackpot ($588M) ▪ Competition from high frequency lottery games continued to impact instant ticket sales in Ch
Slide 8: Gaming
Gaming ($ in millions) 8 ▪ U.K. LBO business benefitted from a 3% increase in average terminals deployed and ~1% increase in gross win per terminal per day, excluding the loss of the William Hill contract ▪ Increase in D&A primarily reflects a $12.5M write - down of terminals and software in pub bus
Slide 9: Earnings Analysis Fourth Quarter 2012 2011
Earnings Analysis 9 Fourth Quarter 2012 2011 ($ in millions, except for EPS) Description Segment Income Statement Line Impacted Impact on Attributable EBITDA Impact on Reported EPS Credit Agreement Adjustments Debt-related fees and charges Bond consent solicitation expenses in Q4'11 Corporate Other
Slide 10: WMS Acquisition – Status Update
WMS Acquisition – Status Update ▪ Transaction Summary – On January 31, 2013, Scientific Games entered into an agreement to acquire WMS for $26.00 in cash per common share, or approximately $1.5 billion in the aggregate. The transaction is expected to close by the end of 2013. ▪ Conditions to Closing