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 — Q2 2026 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, Aug 4, 2026
Slide 1: Q2 Earnings Report 2026: Period Ended June 30, 2026
Q2 Earnings Report 2026: PERIOD ENDED JUNE 30, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
2 Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Brightstar Lottery PLC’s
Slide 3: Contents
Contents 03 Appendix04 01 Strategy Update 02 Financial Results Q&A BRIGHTSTAR EARNINGS REPORT – Q2’263
Slide 4: Strategy Update
01 Strategy Update
Slide 5: Better-than-expected Q2'26 Profit Performance
01 STRATEGY UPDATE BRIGHTSTAR EARNINGS REPORT – Q2’265 Better-than-expected Q2’26 Profit Performance Same-store sales up low single digits Strong cost discipline while investing in growth Returned $140M to shareholders YTD Good progress on strategic initiatives Significant cash generation; solid bal
Slide 6: Core Growth Bolstered by Innovation, POS Expansion; Successful Contract Renewals
01 STRATEGY UPDATE Core Growth Bolstered by Innovation, POS Expansion; Successful Contract Renewals Improve Long-term Visibility BRIGHTSTAR EARNINGS REPORT – Q2’266 SSS Q1’26 Q2’26 H1’26 Italy U.S. Instants & Draw Multi-state Jackpots Rest of World Total Instants & Draw Multi-state Jackpots 3.1% - -
Slide 7: Robust iLottery Expansion & Important Italy B2C Digital Milestones
01 STRATEGY UPDATE 7 BRIGHTSTAR EARNINGS REPORT – Q2’26 23% 29% 11% Italy U.S. ROW Image of new digital POS signage ~23K Retailers Engaged for Digital Account Activation ~33K Italy POS Upgraded H1’26 iLottery Wagers Up 22% Robust iLottery Expansion & Important Italy B2C Digital Milestones
Slide 8: Important Developments in Rest of World & Instant Ticket Services
01 STRATEGY UPDATE 8 BRIGHTSTAR EARNINGS REPORT – Q2’26 Image of new digital POS signage Important Developments in Rest of World & Instant Ticket Services Double-digit Growth in Instant Ticket Unit Production in H1’26 Contract Extensions: Mauritius & Slovakia Launched! São Paulo, Brazil
Slide 9: Revenue, Profit & Cash Flow Poised to Inflect
01 STRATEGY UPDATE BRIGHTSTAR EARNINGS REPORT – Q2’269 Revenue, Profit & Cash Flow Poised to Inflect Increased contribution from growth initiatives Completion of Italy Lotto license payments Expect $400M+ of annual free cash flow* after 2025- 2028 CapEx cycle Commitment to growing shareholder return
Slide 10: Financial Results
02 Financial Results
Slide 11: Wager-Based Service Revenue Growth Offset by UK Transition; Higher Non-Cash SRA Impacts
02 FINANCIAL RESULTS Wager-Based Service Revenue Growth Offset by UK Transition; Higher Non-Cash SRA Impacts Reported Revenue Amounts in $ millions, unless otherwise noted Total Instant Ticket & Draw Wager-based Revenue BRIGHTSTAR EARNINGS REPORT – Q2’2611 Revenue: Global SSS growth Favorable U.S. m
Slide 12: Profit Up on Operational Drivers; Adjusted EBITDA Increased 4%
(60) (47) 102 42 (4) 56 23 Q2'25 Service Revenue Amortization Operational Drivers FX Tax Provision Other Q2'26 H1’25 H1’26 (52) (100 ) 63 147 61 - 119 274 15 7 283 3 286 Q2'25 UK Transition Service GM Product Sales GM Other Excluding FX FX Q2'26 1(14) H1’25 H1’26 524 (26) 25 - 23 546 27 573 02 FINAN
Slide 13: Important Investments in Future Growth & Strong Shareholder Returns
BRIGHTSTAR EARNINGS REPORT – Q2’2613 Important Investments in Future Growth & Strong Shareholder Returns 02 FINANCIAL RESULTS ($1,174M)/ $501M H1’26 Cash from Operations including & excluding Lotto upfront license payment $140M YTD(1) Shareholder Returns $232M H1’26 CapEx → Final Lotto license payme
Slide 14: Strong Balance Sheet & Credit Profile
14 Strong Balance Sheet & Credit Profile BRIGHTSTAR EARNINGS REPORT – Q2’26 02 FINANCIAL RESULTS Q2’26 Net debt leverage* 3.24x Liquidity of $1.7B post final Lotto license payment *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendi
Slide 15: Strategic Investments Position Brightstar for Durable Growth
BRIGHTSTAR EARNINGS REPORT – Q2’26 02 FINANCIAL RESULTS Strategic Investments Position Brightstar for Durable Growth H1’26 Actuals Italy B2C Expansion iLottery & digital services R&D Technology products & services innovation roadmap Project Costs Supporting key contract renewals & instant ticket ser
Slide 16: Accelerating & Upgrading OPtiMa Cost Savings to ~$100M by 2028
~$100M IN ANNUAL SAVINGS Accelerating & Upgrading OPtiMa Cost Savings to ~$100M by 2028 16 → Right-sizing to align smaller footprint post sale of IGT Gaming, with focus on back-office optimizations → Will not impact customer-facing activities or compromise our superior customer service standards ~$5
Slide 17: Reaffirming FY'26 Revenue and Profit Outlook
17 Reaffirming FY’26 Revenue and Profit Outlook 02 FINANCIAL RESULTS BRIGHTSTAR EARNINGS REPORT – Q2’26 (1) Reflects100% consolidation of Italy joint venture; minority partner contributions representing their pro rata share are recorded in cash flows from financing activities Revenue $2.50B - $2.55B
Slide 18: Q&A
03 Q&A
Slide 19: Appendix
04 Appendix
Slide 20: Summary of Q2'26 Financial Results
20 Note: EUR/USD FX daily average 1.16 in Q2’26 and 1.13 in Q2’25 Amounts in millions unless otherwise noted *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Summary of Q2’26 Financial Results BRIGHTSTAR EAR
Slide 21: H1'26 Revenue & Profit Profile
04 APPENDIX H1’26 Revenue & Profit Profile 95% 5% Service Product Sales 48% 39% 13% U.S. & Canada Italy Rest of world 97% 3% Instant Ticket & Draw U.S. Multi-state Jackpots 10% 49% Income from continuing operations Adjusted EBITDA Revenue by Type Revenue by Geography Wager-based Revenue by Game Type
Slide 22: Q2'26 Select Performance and KPI Data
Q2'26 Select Performance and KPI Data For the three months ended June 30, Constant 2026 2025 Y/Y Change Currency Change Revenue Service Instant ticket & draw wager-based revenue 517 516 —% (1)% U.S. multi-state jackpot wager-based revenue 17 15 14% 14% Upfront license fee amortization (100) (53) NM
Slide 23: Q2'26 Select Performance and KPI Data
Q2'26 Select Performance and KPI Data (1) Same-store sales represent the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods (2) Same-store revenue re
Slide 24: Income Statements
Income Statements For the three months ended June 30, For the six months ended June 30, 2026 2025 Y/Y Change 2026 2025 Y/Y Change Service revenue (includes amortization of upfront license fees) 550 588 (6)% 1,108 1,146 (3)% Product sales 34 42 (20)% 63 68 (8)% Total revenue 584 631 (7)% 1,171 1,214
Slide 25: Summarized Cash Flow Statements
Summarized Cash Flow Statements $ in millions For the three months ended June 30, For the six months ended June 30, 2026 2025 2026 2025 Net cash (used in) provided by operating activities from continuing operations (1,340) 288 (1,174) 473 Capital expenditures (121) (98) (232) (174) Free Cash Flow (1
Slide 26: Adjusted EBIT and Adjusted EBITDA Reconciliation
For the three months ended June 30, For the six months ended June 30, 2026 2025 2026 2025 Income (loss) from continuing operations 56 (60) 119 (52) Provision for income taxes 7 50 36 97 Interest expense, net 49 49 92 94 Foreign exchange (gain) loss, net (4) 99 (16) 131 Restructuring 6 21 6 21 Stock-
Slide 27: Adjusted EPS Reconciliation, Three Months Ended June 30
All amounts from continuing operations For the three months ended June 30, 2026 For the three months ended June 30, 2025 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to Brightstar Lottery PLC - diluted 0.18 (0.
Slide 28: Adjusted EPS Reconciliation, Six Months Ended June 30
All amounts from continuing operations For the six months ended June 30, 2026 For the six months ended June 30, 2025 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to Brightstar Lottery PLC - diluted 0.37 (0.59)