Slide 1: Fourth Quarter 2024 Earnings Presentation
Fourth Quarter 2024 Earnings Presentation February 2025
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 Gaming Revenue(1) ($ in thousands) $3,051 $3,204 High Quality $2,534 Service Strong Track $2,030 Company Record of $1,383 $1,125 in Gaming Growth $882 $658 Vertical As of December 31, 2024, Accel owned and operated 26,346 gaming terminals across 4,117 locations in
Slide 4: Q4 2024 Highlights
Q4 2024 Highlights • Record revenues of $318 million for Q4 2024, an increase of 7% compared to Q4 2023 • Q4 2024 net income of $8 million, a decrease of 48% compared to Q4 2023 • Adjusted EBITDA(1) of $47 million for Q4 2024, an increase of 6% compared to Q4 2023 • Repurchased $4 million of Accel C
Slide 5: Accel Quarterly KPIs
Accel Quarterly KPIs Locations (#) Terminals (#) 4,117 25,757 25,729 26,346 3,987 4,034 4,014 3,961 25,321 24,704 25,083 3,852 3,906 96 23,985 833 24,368 844 882 948 588 3,793 237 239 252 238 270 488 609 688 827 165 197 219 2,714 2,735 2,685 2,704 2,650 355 359 356 352 357 2,704 2,782 2,744 345 355
Slide 6: 2024 Results
2024 Results $ in millions, except %s Q4 2023 Q4 2024 % Change 2023 2024 % Change Locations 3,961 4,117 4% 3,961 4,117 4% Terminals 25,083 26,346 5% 25,083 26,346 5% Revenue $297 $318 7% $1,170 $1,231 5% Adj EBITDA $45 $47 6% $181 $189 4% CapEx $22 $11 -47% $82 $67 -19% Net Debt $281 $314 12% $281 $
Slide 7: Historical Financial Summary
Historical Financial Summary $ in millions Tw elve Months Ended Three Months Ended Q4 Tw elve Months Ended YE Decem ber 31, Decem ber 30, YoY Decem ber 31, YoY 2020 2021 2022 2023 2023 2024 Grow th 2023 2024 Grow th No. of Locations 2,435 2,584 3,741 3,961 3,961 4,117 4% 3,961 4,117 4% No. of Termin
Slide 8: Accel Balance Sheet
Accel Balance Sheet $ in millions December 31, 2023 December 31, 2024 Assets Current Assets: Cash and cash equivalents $262 $281 Other current assets 51 45 Total current assets $313 $326 Property and equipment, net 261 308 Route and customer acquisition costs, net 19 23 Location contracts acquired,
Slide 9: Definition of Non-GAAP Financial Measures
Definition of Non-GAAP Financial Measures Accel uses non-GAAP measures as a key performance measure of the results of operations for purposes of evaluating performance internally. Management believes these non-GAAP financial measures enhance the understanding of our underlying drivers of profitabili
Slide 10: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation $ in millions Tw elve Months Ended Three Months Ended Tw elve Months Ended Decem ber 31, Decem ber 31, Decem ber 31, 2020 2021 2022 2023 2023 2024 2023 2024 Reported Net Income (Loss) (0) 32 74 46 16 8 46 35 (+) Amortization of intangible assets and route and customer