Slide 1: 1H23 Financial Results
1H23 Financial Results August 31st, 2023
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 comment on 1H23 results
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “INTRALOT’s results for the first half of 2023 show continuing EBITDA growth of 14.0% and healthy cash flows as the company consistently focuses on higher profit margin activities and lower leverage ratios. These developments allow us greater conf
Slide 4: Revenue Overview
Revenue Overview 39.4 (22.5%) RoW 12.6% B2C 114.5 (65.3%) Americas 1H23 Revenue per 1H23 Activity Line Revenue per 87.4% (%) 21.3 (12.2%) Geographical Region B2B/B2G Europe (in €) €175.3m €175.3m 12.7% 10.9% VLTs IT Products & Services 17.6% Sports Betting 1H23 Revenue per Game Type (%) 0.1% Racing
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations 22.0 in € million 13% Q2 Q1 65.2 1H23 29.8 Game management 17% Revenues per Contract Type -21.5 (€m, %) 70% 123.5 Technology -21.5 22.0 -1.3 1.1 -43.0 -0.2 1H22 Malta Argentina 1H23 Licensed operations 65.2 Revenue Evolution Drivers: 32% •
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations 22.0 in € million 13% Q2 Q1 1H23 29.8 Game management 17% Revenues per Contract Type 0.7 1.3 5.4 123.5 (€m, %) -0.3 0.3 0.2 0.5 -1.7 0.8 0.0 70% -0.4 123.5 4.6 Technology 117.9 1H22 United States Australia Croatia Other 1H23 Licensed oper
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations 22.0 in € million 13% Q2 Q1 0.0 0.2 29.8 1H23 29.8 Game management 7.8 17% 0.0 0.0 0.1 0.1 Revenues per 2.0 Contract Type (€m, %) 70% 5.8 123.5 Technology 21.8 Licensed operations 1H22 Turkey Morocco United States 1H23 65.2 Revenue E
Slide 8: Consolidated Financial Statements for 1H23
Consolidated Financial Statements for 1H23 (in € million) 1H23 1H22 % Change 2Q23 2Q22 % Change LTM Revenue (Turnover) 175.3 204.8 -14.4% 85.8 107.2 -20.0% 363.2 Technology, Management & Rest 156.2 142.7 9.5% 76.5 75.3 1.5% 323.1 Contracts Licensed Operations (Payout related) 19.1 62.2 -69.3% 9.3 31
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES 1 EBITDA AND EBITDA MARGIN 1 €m €m, % 393 363 36.0% 35.8% EBITDA Margin 31.3% on Sales 26.9% -14.4% 205 +6.3% 175 +14.0% 123 131 55 63 EBITDA 2022 LTM 1H22 1H23 2022 LTM 1H22 1H23 OPERATING CASH FLOW2 AND NET CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operat
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, 1H23 (in €m) 490.5 5.7 10.9 20.6 480.5 15.7 Net Debt, Dec 2022 Free Cash Flow1 Net Interest payments Other Capital Gross Debt movements Net Debt, Jun 2023 payments 1. Free Cash Flow defined as “Net Cash from Operating activities” adjusted for “Net Dividends”, “Ne
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 1H23 Key Revenue Contributors Key EBITDA Contributors 1H22 (in €m) (in €m) 80.9 34.2 North America2 North America2 75.3 29.8 13.3 7.6 Europe3 Europe3 55.9 12.8 33.6 6.4 South America South America 35.2 8.6 12.3 8.9 Oceania Oceania 12.1 8.6 27.1 15.1 RoW4 RoW4 19.
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS Public
Slide 13: 1H23 – Group Income Statement
1H23 – Group Income Statement (in € million) 1H23 1H22 % Change LTM Revenue 175.3 204.8 -14.4% 363.2 Gross Profit 63.0 56.3 12.0% 134.5 Other Operating Income 14.8 11.7 26.2% 27.9 OPEX (46.8) (49.4) -5.2% (97.2) EBITDA 62.8 55.1 14.0% 130.6 Margin 35.8% 26.9% + 8.9pps 36.0% Capital Structure Optimiz
Slide 14: 1H23 – Group Statement Of Financial Position
1H23 – Group Statement Of Financial Position (in € million) 1H23 FY22 Tangible Assets (incl. investment properties) 104.2 116.3 Intangible Assets 191.2 208.6 Other Non-current Assets 54.2 56.0 Inventories 24.3 23.9 Trade and Other Short-term Receivables 100.8 109.9 Cash and Cash Equivalents 101.5 10
Slide 15: 1H23 – Group Cash Flow
1H23 – Group Cash Flow (in € million) 1H23 1H22 EBT from continuing operations 16.3 8.0 EBT from discontinued operations - 5.6 Plus/less adjustments 45.6 40.5 Decrease/(increase) of inventories (0.9) (6.2) Decrease/(increase) of receivable accounts 2.7 7.8 (Decrease)/increase of payable accounts (10
Slide 16: intralot
intralot