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 — Q1 2021 Earnings Presentation
28 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 11, 2021
Slide 1: International Game Technology PLC 2021 First Quarter Results
International Game Technology PLC 2021 First Quarter Results Period ended March 31, 2021 May 11, 2021 1
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 Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and
Slide 3: Business Update
Business Update Business Update 3
Slide 4: Strong Player Demand, Cost Discipline Drive Outstanding Q1'21 Results
Strong Player Demand, Cost Discipline Drive Outstanding Q1'21 Results Record Lottery sales fueled by double-digit gains across +32% Lottery games and regions SSS Growth Accelerating momentum in Gaming, both for slots and Digital & Betting activities 40% increase in US & Canada machine units sold Exc
Slide 5: Global Lottery Reaches Record Levels
Global Lottery Reaches Record Levels Over 30% SSS growth and a 24% increase over Q1’19 ◦ 28% growth in North America & Rest of World ◦ 52% increase in Italy ◦ Double-digit gains across games, including substantial contribution from jackpots Complete recovery from pandemic confirmed ◦ Highest revenue
Slide 6: Global Lottery: Spotlight on Broad-Based Growth
Global Lottery: Spotlight on Broad-Based Growth Macro dynamics supporting higher play levels ◦ Fewer entertainment options ◦ Increased U.S. disposable income ◦ Closure of Italy gaming halls & betting shops Lottery is a content-driven business; new games offer fresh opportunities for player engagemen
Slide 7: Global Gaming Recovery Underway
Global Gaming Recovery Underway The U.S. is broadly open; remaining restrictions expected to end in June ◦ Pace of vaccinations driving confidence; core players returning ◦ Substantial improvement in GGR since January Recurring revenue recovering swiftly; delivered 95% of PY ◦ Stable installed base;
Slide 8: Global Gaming: Spotlight on Digital & Betting Growth
Global Gaming: Spotlight on Digital & Betting Growth GGR across main Digital activities growing 2-3x prior-year levels ◦ Primarily driven by expanding player base ◦ Mostly fueled by increases in existing markets ◦ No signs of cannibalizing land-based business Global Digital & Betting revenue(1) up 8
Slide 9: Growing Digital & Betting Market Positions
Growing Digital & Betting Market Positions We are investing to support growth and maintain leadership positions across our three main verticals ◦ iGaming ▪ Expand content portfolio, including third-party content ▪ Maintain 20%-30% share of U.S. market, penetrate emerging international markets ◦ iLot
Slide 10: Return to 2019 Levels for Key Financial Metrics This Year
Return to 2019 Levels for Key Financial Metrics This Year Record Lottery sales and profits confirm high entertainment value of games and bolster long-term industry outlook Gaming recovery materializing quickly in the U.S. and high-growth Digital & Betting activities add to revenue and profit momentu
Slide 11: Financial Results
Financial Results 11
Slide 12: Q1'21 Financial Highlights: Outstanding Lottery Results, Gaming on Path to Recovery
Q1'21 Financial Highlights: Outstanding Lottery Results, Gaming on Path to Recovery Revenue Operating Income Adjusted EBITDA(1) Cash Flow ☐ Cash From Operations Includes $296M ☐ Free Cash Flow(1) in goodwill impairment charges • Achieved among the highest revenue and profit levels ever, fueled by Gl
Slide 13: Q1'21 Global Lottery Highlights: Strong Player Demand Drives Impressive Profit Growth
Q1'21 Global Lottery Highlights: Strong Player Demand Drives Impressive Profit Growth • Significant increase in lottery service ◦ 32.4% global SSS growth; up double- Revenue digits in all main geographies; includes elevated jackpot activity ◦ Contribution from LMA incentives Q1'21 Q1'20 Y/Y % change
Slide 14: Q1'21 Global Gaming Highlights: Recovery Drives Sequential Growth
Q1'21 Global Gaming Highlights: Recovery Drives Sequential Growth in Revenue and Profit • Delivered over 85% of PY revenue Revenue ◦ Supported by sequential increase in number of active units and yields ◦ Solid machine unit sales • Digital & Betting(1) up 85%, led by growth Results from continuing Y
Slide 15: Strong Cash Generation Continues; Return to Pre-pandemic Leverage by Year End
Strong Cash Generation Continues; Return to Pre-pandemic Leverage(2) by Year End Cash from CapEx Free Cash Cash from Free Cash Q4'20 CapEx Q1'21 Operations Flow (1) Operations Flow (1) Leverage(2) 6.39x 5.40x • Strong cash flows driven by Lottery performance and invested capital discipline • Reduced
Slide 16: Solid Liquidity With No Significant Near-Term Debt Maturities
Solid Liquidity With No Significant Near-Term Debt Maturities • At 3/31/21, total liquidity of $2.1B; $748M in unrestricted cash and $1.4B in additional borrowing capacity • During Q1'21, successfully refinanced ~$1.0B in 6.25% Notes due 2022 with $750M 4.125% Notes due 2026 and draw on revolving cr
Slide 17: Summary of Key Takeaways
Summary of Key Takeaways Outstanding Global Lottery performance drives strong results; progressive recovery in Global Gaming led by U.S. and Digital & Betting activities On Track for $200M+ OPtiMa savings in 2021 Strong cash flow generation continues Expect to return to pre-pandemic leverage(1) leve
Slide 18: Q2'21 Expectations
Q2'21 Expectations For Q2'21, revenue and operating income are expected to be meaningfully higher Y/Y; lower sequentially due to positive LMA incentive and jackpot activity in Q1'21 • Global Lottery SSS growth 20%+ QTD versus Q2'19 levels • Global Gaming up sequentially • CapEx sequentially accelera
Slide 19: Key Upcoming Events Including Investor Day in November
Key Upcoming Events Including Investor Day in November August 3, 2021 - Q2'21 Earnings October 4-7, 2021 - G2E November 9, 2021 - Q3'21 Earnings and Investor Day Euro Notes 35% 19
Slide 20: Q&A
Q&A 20
Slide 21: Appendix
Appendix 21
Slide 22: Q1'21 Select Performance and KPI Data: Global Lottery
Q1'21 Select Performance and KPI Data Constant Y/Y Change Currency GLOBAL LOTTERY Q1'21 Q1'20 (%) Change (%) (1) Revenue Service Operating and facilities management contracts 695 454 53 % 47 % Upfront license fee amortization (52) (48) (9)% —% Operating and facilities management contracts, net 643 4
Slide 23: Q1'21 Select Performance and KPI Data: Global Gaming
Q1'21 Select Performance and KPI Data Constant Y/Y Change Currency GLOBAL GAMING Q1'21 Q1'20 (%) Change (%) (1) Revenue Service Terminal 90 106 (16)% (16)% Systems, software, and other 86 77 11 % 8% Total service revenue 175 184 (5)% (6)% Product sales Terminal 62 53 17 % 14 % Other 29 73 (61)% (62)
Slide 24: Q1'21 Select Performance and KPI Data: Global Gaming (Continued)
Q1'21 Select Performance and KPI Data Y/Y Change GLOBAL GAMING (Continued) Q1'21 Q1'20 (%) Yields (by geography)(1), in absolute $ US & Canada $32.27 $33.72 (4)% Rest of world (ex-Italy) $2.58 $6.55 (61)% Total yields (ex-Italy) $22.93 $25.67 (11)% Global machine units sold New/expansion 884 119 NM
Slide 25: Q1'21 Select Performance and KPI Data: Consolidated
Q1'21 Select Performance and KPI Data Constant Y/Y Change Currency CONSOLIDATED Q1'21 Q1'20 (%) Change (%) (1) Revenue (by geography) US & Canada 542 447 21 % 21 % Italy 348 202 72 % 58 % Rest of world 124 166 (25)% (29)% Total revenue 1,015 814 25 % 20 % Digital & Betting Revenue (2) 58 32 85 % 78
Slide 26: Q1'21 Summarized Income Statement
Q1'21 Summarized Income Statement Q1'21 Q1'20 Y/Y Change (%) Service revenue 901 656 37 % Product sales 114 158 (28)% Total revenue 1,015 814 25 % Adjusted EBITDA(1) 450 261 72 % Operating income (loss) 260 (218) NA Interest expense, net 94 100 Foreign exchange gain, net (145) (70) Other expense, ne
Slide 27: Q1'21 Summarized Cash Flow Statement
Q1'21 Summarized Cash Flow Statement Q1'21 Q1'20 Net Cash Flows Provided by Operating Activities 251 26 CapEx (48) (85) Free Cash Flow(1) 204 (60) Debt Proceeds/(Repayment), Net (206) 666 Other - Net (89) 11 Other Investing/Financing Activities (295) 676 Net Cash Flow (91) 616 Effect of Exchange Rat
Slide 28: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures For the three months ended March 31, 2021 For the three months ended March 31, 2020 Global Global Business Corporate and Total IGT Business Lottery Gaming Segment Total Other PLC Global Global Segment Corporate and Total IGT Lottery Gaming Total Other PLC Income