Slide 1: FY23 Financial Results
FY23 Financial Results April 2nd, 2024
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 comments on 2023
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “2023 was a year of steady growth in operating profitability with strong cash flow and achievement of strategic goals of margin expansion, deleveraging, and debt reduction. Important milestones were the successful share capital increase and the co
Slide 4: Revenue Overview
Revenue Overview 7.8% 91.4 (25.1%) B2C RoW 209.8 (57.6%) Americas FY23 Revenue per FY23 Activity Line Revenue per 92.2% (%) Geographical Region B2B/B2G 62.8 (17.3%) (in €) €364.0m Europe €364.0m 11.8% 14.3% VLTs IT Products & Services 20.5% Sports Betting FY23 Revenue per Game Type (%) €364.0m 53.4%
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations 28.4 in € million 8% Q4 Game management 9M 72.4 20% 89.3 FY23 0.0 Revenues per Contract Type -43.9 (€m, %) 72% 263.3 -43.9 Technology -11.7 -5.3 28.4 -17.0 Licensed operations 89.3 FY22 Malta Argentina FY23 23% Revenue Evolution Drivers: •
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations 28.4 in € million 8% Q4 Game management 9M 72.4 20% FY23 6.1 263.3 Revenues per Contract Type 3.0 (€m, %) 0.7 4.0 3.1 0.5 72% 4.6 3.5 252.9 -0.4 -0.1 263.3 Technology -4.0 -0.4 Licensed operations 89.3 FY22 United States Australia Croatia
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations 28.4 in € million 8% Q4 Game management 9M 72.4 20% 0.5 0.1 72.4 FY23 21.2 0.2 0.3 -0.2 0.3 Revenues per 5.1 Contract Type (€m, %) 72% 16.0 263.3 50.5 Technology Licensed operations 89.3 FY22 Turkey Morocco United States FY23 23% Rev
Slide 8: Consolidated Financial Statements for FY23
Consolidated Financial Statements for FY23 (in € million) FY23 FY22 % Change 4Q23 4Q22 % Change Revenue (Turnover) 364.0 392.8 -7.3% 84.0 91.0 -7.7% Technology, Management & Rest Contracts 339.5 309.6 9.7% 88.0 84.9 3.7% Licensed Operations (Payout related) 24.5 83.2 -70.6% -4.0 6.1 - Payout (%)1 63
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES 1 EBITDA AND EBITDA MARGIN 1 €m €m, % 393 364 35.6% EBITDA Margin 31.3% on Sales +5.4% 123 129 EBITDA 2022 2023 2022 2023 OPERATING CASH FLOW2 AND CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operating CF €m, # 113 CAPEX 96 4.0x Net Debt/ EBITDA 2.6x 490 333 N
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, FY23 (in €m) Net proceeds from SCI at €130.1m Debt repayments of €142.2m 490.5 2.2 16.2 59.0 35.1 135.0 126.0 147.7 333.2 4.9 Net Debt, Free Cash Net Interest Share Capital SCI Fees SSNs 2024 Capital Investments Gross Debt Net Debt, Dec 2022 Flow1 payments Increa
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 FY23 Key Revenue Contributors Key EBITDA Contributors FY22 (in €m) (in €m) 164.2 69.7 North America2 North America2 163.4 73.9 33.1 21.7 Europe3 Europe3 73.6 23.9 45.6 8.3 South America South America 71.3 16.8 24.9 17.9 Oceania Oceania 25.1 18.1 66.5 25.1 RoW4 Ro
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS Public
Slide 13: FY23 – Group Income Statement
FY23 – Group Income Statement (in € million) FY23 FY22 % Change Revenue 364.0 392.8 -7.3% Gross Profit 145.2 127.7 13.7% Other Operating Income 30.4 24.9 22.2% OPEX (114.1) (99.8) 14.3% EBITDA 129.5 122.9 5.4% Margin 35.6% 31.3% + 4.3pps Capital Structure Optimization expenses - (1.2) -100.0% D&A (6
Slide 14: FY23 – Group Statement Of Financial Position
FY23 – Group Statement Of Financial Position (in € million) FY23 FY22 Tangible Assets (incl. investment properties) 94.1 116.3 Intangible Assets 182.3 208.6 Other Non-current Assets 56.1 56.0 Inventories 24.4 23.9 Trade and Other Short-term Receivables 119.9 109.9 Cash and Cash Equivalents 111.9 102
Slide 15: FY23 – Group Cash Flow
FY23 – Group Cash Flow (in € million) FY23 FY22 EBT from continuing operations 33.6 29.8 EBT from discontinued operations - 5.6 Plus/less adjustments 97.4 89.9 Decrease/(increase) of inventories (1.7) (6.5) Decrease/(increase) of receivable accounts (18.5) (6.8) (Decrease)/increase of payable accoun
Slide 16: intralot
intralot