Slide 1: Second Quarter 2021 Earnings Presentation
Second Quarter 2021 Earnings Presentation August 2021
Slide 2: Important Information
Important Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical
Slide 3: Accel at a Glance
Accel at a Glance Average Daily Net Video Gaming Revenue(1) ($ in thousands) High Quality $2,050 Service Strong Track $1,383 Company Record of $1,125 in Gaming Growth $882 $658 $458 Vertical As of June 30, 2021, Accel owns and operates 13,177 Video $256 $353 Gaming Terminals (“VGTs”) across 2,527 th
Slide 4: Recent Highlights
Recent Highlights • Q2 2021 Revenue and Adjusted EBITDA were the highest in Accel’s history − Revenue per location per day increased 35% vs Q2 2019 • Guidance increased based on Q2 2021’s strong results and the strong start to Q3 2021 • All Illinois COVID regions currently in phase 5 – no restrictio
Slide 5: Q2 2021 Results
Q2 2021 Results $ in millions Q2 2020 Q2 2021 % Change 2021 Guidance(1) (0 gaming days) Locations 2,335 2,527 +8% 2,590 – 2,615 VGTs 11,108 13,177 +19% 13,555 – 13,680 Revenue $0 $202 n/a $700 - $725 Adj EBITDA(2) ($9) $43 +592% $133 - $138 CapEx(3) $0 $9 n/a $20 - $25 Net Debt(4) $250 $167 -33% $12
Slide 6: Accel Quarterly KPIs
Accel Quarterly KPIs End of Period Live Locations / VGTs (#) Location Hold per Day(1) ($) 13,177 12,720 12,247 11,597 11,108 $855 $784 2,470 2,527 $596 2,435 $572 $583 2,335 2,363 – Q1 Q2 Q3 Q4 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 VGTs Locations 2020 2021 Revenue ($mm) Adjusted EBITDA(2) ($mm) Open Ja
Slide 7: Regulatory Update
Regulatory Update Illinois: 6th VGT & Georgia Expansion Pennsylvania Missouri Virginia Increased Bet Limit • Currently allows coin- Legislation Legislation Legislation Software operated skill-based • Senate is expected to • On April 27th, Senate Bill 98 • As of July 1st, unregulated games, primarily
Slide 8: Historical Financial Summary
Historical Financial Summary $ in millions Twelve Months Ended Three Months Ended Q2 Six Months Ended YTD December 31, June 30, YoY June 30, YoY 2017 2018 2019 2020 2020 2021 Growth 2020 2021 Growth No. of Locations 1,442 1,686 2,312 2,435 2,335 2,527 8% 2,335 2,527 8% No. of VGTs 6,439 7,649 10,499
Slide 9: Accel Balance Sheet
Accel Balance Sheet $ in millions December 31, 2020 June 30, 2021 Assets Current Assets: Cash and cash equivalents $134 $179 Other current assets $18 $17 Total current assets $152 $196 Property and equipment, net $144 $145 Route and customer acquisition costs, net $15 $16 Location contracts acquired
Slide 10: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation $ in millions Twelve Months Ended Three Months Ended Six Months Ended December 31, June 30, June 30, Standalone Accel 2017 2018 2019 2020 2020 2021 2020 2021 Reported Net Income (Loss) 8 11 (37) (0) (47) 12 1 14 (+) Amortization of Op Routes 10 15 18 23 6 6 11 12 (+)