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 — International Game Technology — Q2 2020 Earnings Presentation
27 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, 2020
Slide 1: 2020 Second Quarter Results
August 4, 2020 2020 Second Quarter Results Ended June 30, 2020 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”
Slide 3: Agenda
Agenda 3 Marco Sala, CEO Business Update 1 Max Chiara, CFO Financial Results 2 Q&A 3
Slide 4: Q2'20: Proactively Managed Global Lockdown
Q2’20: Proactively Managed Global Lockdown 4 Results reflect impact of global casino closures and mobility restrictions during the second quarter Diversity of products and geographic reach support better - than - expected results • NAGI, NALO, and Italy segments achieve positive EBITDA • Benefit of
Slide 5: Reinforced Priorities & Enhanced Continuity Plans to Navigate the New Normal
5 Reinforced Priorities & Enhanced Continuity Plans to Navigate the “New Normal” • Global COVID - 19 crisis management team first priorities delivered • Employee safety remains top of mind on each initiative; work from home demonstrated effectiveness of approach • Customer service levels maintained
Slide 6: Lottery: Remarkable Resilience Confirmed
Global SSR ex - Italy down 2% • 6% growth in North America SSR • 27% decrease in International SSR; several markets closed during period Italy wagers down ~40% on shutdown of Lotto games in April, POS closures, and severe mobility restrictions • Swift, progressive recovery since May Important YTD co
Slide 7: Gaming: Global Activities Closed for Most of Period
Revenue and profits down on full impact of global lockdown Major markets progressively re - opening since late May; early indications are encouraging • 85% of U.S. casinos now open • Italy gaming halls open since June • Strong machine productivity largely compensating for capacity restrictions and s
Slide 8: Gaming: Growing Interest and Progress in Digital & Betting Activities
All digital activities continue to post strong growth rates • Italy digital wagers up 33% • Global B2B digital wagers up 75%; 100%+ in NA Significant commitment from Svenska Spel across multiple solutions • Remote game server, digital content; cashless play Bolstering status as leading U.S. sports b
Slide 9: New Org Structure Maximizes Growth Potential
Announced new streamlined organization on July 1 with reporting on new segmentation scheduled for Q3 Simplified structure grounded in core competencies and global leadership positions; main objectives: • Provide greater responsiveness to customers and players • Harmonize best practices across both B
Slide 10: Focus on Driving Efficiency and Process Optimization
Working on several initiatives to drive $200M+ in structural/discretionary cost savings: • Eliminate duplicative functions / streamline back office activities • Global technology optimization to re - focus on value accretive know - how • Rationalizing R&D investment based on risk/return priorities •
Slide 11: Financial Results
Financial Results 11
Slide 12: Q2'20 Financial Highlights
Q2'19 1,234 Q2'20 637 - 48% 224 Q2'19 EPS $0.02 Q2'20 EPS Q2'19 Adj. EPS $0.44 Q2'20 Adj. EPS -$0.59 -$1.37 Operating Income (Loss) Diluted EPS/ Adj. Diluted EPS Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transactio n e xpense (
Slide 13: Q2'20 North America Gaming & Interactive Highlights
Revenue Key Performance Indicators • Service revenue impacted by casino closures and multi - year poker contract in PY • New & expansion units driven by 977 HHR units; higher systems revenue in PY • Shipped 1,344 replacement units, ahead of internal expectations • Operating loss reflects casino clos
Slide 14: Q2'20 North America Lottery Highlights
Revenue Key Performance Indicators Q2'19 309 Lottery Service 12 LMA -16 Gaming Service -19 Product Sales -13 Excluding FX 273 FX Q2'20 273 14 • Strong SSR growth for instant ticket and draw games despite mobility restrictions and lower jackpot activity • LMA reflects reduced play levels in NJ and lo
Slide 15: Q2'20 International Highlights
Q2'19 229 Lottery Service -13 Gaming Service -15 Product Sales -106 Other -8 Excluding FX 87 FX -3 Q2'20 84 Revenue Key Performance Indicators 15 • Product sales lower on fewer unit shipments, primarily in LAC, as well as higher Sweden VLT shipments and software sales in PY • Lottery SSR trends impr
Slide 16: Q2'20 Italy Highlights
Q2'19 422 Lottery -104 Machine Gaming -125 Sports Betting & Other -6 Excluding FX 187 FX -3 Q2'20 184 Revenue Key Performance Indicators 16 • Lottery wagers reflect timing of game reopening and POS restrictions; trends improved each month in period • Machine gaming affected by closure of gaming hall
Slide 17: On Track to Deliver $500M in 2020 Cost Savings/Avoidance
2019 Average Q2 Run Rate Fixed Operating Expenses¹ Maintenance CapEx On Track to Deliver $500M in 2020 Cost Savings/Avoidance 17 ~$235M ~$155M 1/3 reduction from original maintenance CapEx plan Similar reduction expected H2’20 Cuts deepest for Gaming activities Lottery CapEx mostly contractual Prima
Slide 18: Cash Flow, Net Debt and Leverage Profile
18 • Delivered $325 million in operating cash flow; $165 million in free cash flow • $93 million in net debt reduction since 12/31/19 as reported; $80 million at constant currency • Leverage (net debt/LTM EBITDA) of 5.52x compared to 4.31x at 12/31/19 and 4.42x at 6/30/19 Cash Flow, Net Debt and Lev
Slide 19: Ample Liquidity, No Significant Near-Term Maturities
358 358 605 740 1,000 1,012 560 1,100 840 750 560 750 1,010 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Debt Maturity Profile at June 30, 2020 Undrawn RCF Notes Bank Debt Ample Liquidity, No Significant Near - Term Maturities 19 Total liquidity of $2.3 billion as of 6/30/20 • $1.3 billion in u
Slide 20: Key Messages
Key Messages 20 Resilient, diversified business model • Large, geo - diversified revenue base • Resilience in lottery evident in improving wager trends Strong liquidity position • $2.3 billion in total liquidity provides buffer against an economic downturn • Ample resources to cover maturities throu
Slide 21: Q & A
Q & A 21
Slide 22: Appendix
Appendix 22
Slide 23: Q2'20 Income Statement (As Reported)
23 Q2’20 Income Statement (As Reported) Income Statement Q2'20 Q2'19 % Change Service revenue 560 980 -43% Product sales 77 254 -70% Total Revenue 637 1,234 -48% Adjusted EBITDA 168 454 -63% Operating (Loss) Income (1) (94) 224 NM Interest expense, net (96) (104) Foreign exchange (74) (41) Other (29
Slide 24: Q2'20 Reconciliation of Non-GAAP Measures
24 Q2’20 Reconciliation of Non - GAAP Measures As Reported $ in thousands Q2'20 Q2'19 Net (loss) income (282) 39 (Benefit from) provision for income taxes (11) 63 Interest expense, net 96 104 Foreign exchange loss, net 74 41 Other non-operating expense (income), net 29 (23) Operating (loss) income (
Slide 25: Q2'20 Reconciliation of Non-GAAP Measures
25 Q2’20 Reconciliation of Non - GAAP Measures As Reported $ and shares in thousands, except per share amounts Q2'20 Q2'19 Net (loss) income attributable to IGT PLC (280) 5 Foreign exchange loss, net 74 41 Depreciation and amortization - purchase accounting 43 48 Restructuring expense 44 2 Loss on e
Slide 26: YTD'20 Financial Highlights
YTD 2019 2,379 YTD 2020 1,578 - 34% 402 YTD 2109 EPS $0.22 YTD 2020 EPS YTD 2019 Adj. EPS $0.56 YTD 2020 Adj. EPS -$0.51 -$2.58 Operating Income (Loss) Diluted EPS/ Adj. Diluted EPS Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and tra
Slide 27: YTD'20 Cash Flow Statement
27 YTD ‘20 Cash Flow Statement Cash Flow YTD '20 YTD '19 Net Cash Flows from Operating Activities 325 592 CapEx (160) (231) Free Cash Flow 165 361 Debt Proceeds/(Repayment), Net 591 33 Other - Net (129) (245) Other Investing/Financing Activities 462 (212) Net Cash Flow 627 149 Effect of Exchange Rat
International Game Technology — Q2 2020 Earnings Presentation on 6ix