Aristocrat Leisure Limited · ASX:ALL
Aristocrat Leisure — HY26 Earnings Presentation
31 slides from Aristocrat Leisure's earnings presentation, May 13, 2026
Slide 1: Half-Year 2026 Results Investor Presentation
Half-Year 2026 Results Investor Presentation 13 May 2026 Bringing joy to life through the power of play
Slide 2: Market share gains delivered and foundations for growth strengthened in HY26
Market share gains delivered and foundations for growth strengthened in HY26 Strong HY26 result Active and Interactive Ongoing focus Applying AI positions Aristocrat disciplined capital momentum on operating to our core well for the full management building leverage strengths year Market share gains
Slide 3: HY26 result highlights in constant currency
HY26 result highlights in constant currency Strong HY26 Revenue Segment Profit delivered +6% +7% 19% HY26 EPSA growth through Complementary portfolio driving Revenue growth and strategic execution and strong growth and share gains; disciplined cost supportive environment Recurring Revenue over 70% m
Slide 4: Segmental operational performance
Segmental operational performance Strong revenue growth contributed to EBITA margin expansion across the Group Market share gains across Continued market outperformance, Strong iLottery and Content growth, Gaming Operations and Outright Sales with strong growth in DTC revenues strategic exit of Whit
Slide 5: Group strategy
Group strategy Strategy execution yielding results; remain focused on compelling growth opportunities Content Leadership Invest & innovate to create the world’s best gaming content, Enabled by while protecting our IP Talent ------- Sustainable Distribution & Growth AI Superior ------- Distribute con
Slide 6: Aristocrat's resilience to economic scenarios in North America
Aristocrat’s resilience to economic scenarios in North America Our diversified portfolio allows us to serve players wherever they choose to play We serve ~65% of the US$182 billion regulated US Gaming market1, 2 We have opportunities in higher growth segments1 Other Online Sports Betting 87% Charity
Slide 7: Aristocrat's strategic advantages
Aristocrat’s strategic advantages Growth and consistent execution underpinned by a set of powerful differentiators Leading Content, Creative Studios Multichannel Deep Regulatory Long-standing Brands & IP & Talent Distribution Experience & Customer Trust Partnerships Unparalleled Extensive network Le
Slide 8: AI deployment at Aristocrat
Strategic advantages limit disruption while enabling Aristocrat to benefit from AI Achieving operating leverage through transforming enterprise processes Enhancing creativity Improving velocity to market AI Significantly improving the efficiency deployment Accelerating product delivery across and ou
Slide 9: Group Results & Financial Summary
Group Results & Financial Summary Half-Year 2026 Results
Slide 10: Group results summary
Group results summary Strong underlying revenue growth supporting double-digit NPATA growth (constant currency) Reported Constant Reported Currency Currency Currency Six months to Six months to A$ million 31 March 2026 31 March 2025 Variance % Variance % 1 o Operating performance driven by strong Re
Slide 11: Profit reconciliation
Profit reconciliation Profit growth driven by strong Gaming and Social Casino performance, and legal cost recovery NPATA bridge (A$m)1 42.8 13.4 (1.7) (21.0) 10.6 77.5 (7.4) 794.0 (52.8) 732.6 NPATA Product Corp. Costs Group D&D Net Change in Foreign NPATA Gaming Interactive HY25 Madness & Other Exp
Slide 12: Aristocrat Gaming
Aristocrat Gaming Growth driven by exceptional global Outright Sales performance and continued installed base expansion Six months to Six months to Summary Profit or Loss 31 March 2026 31 March 2025 Change % Aristocrat Gaming Gaming Operations (North America): Revenue A$m 1,960.6 1,869.9 4.9 o Tot
Slide 13: Product Madness
Product Madness Continued momentum in Social Casino with margin improvement; #1 in Social Slots with 23%1 market share Six months to Six months to Summary Profit or Loss 31 March 2026 31 March 2025 Change % Product Madness Social Casino Revenue US$m 541.7 517.4 4.7 Social Casual Revenue US$m 4.5 5
Slide 14: Aristocrat Interactive
Aristocrat Interactive Strong growth in iLottery and Content; positioning Platforms for future growth Six months to Six months to o Strong Revenue growth in iLottery and Content, partially offset by the Summary Profit or Loss 31 March 2026 31 March 2025 Change % White Label exit Aristocrat Interacti
Slide 15: Cash flow
Cash flow Strong cash generation; Operating cash flow of $820m Six months to Six months to A$ million 31 March 2026 31 March 2025 Change % EBITDA from continuing operations 1,318.0 1,248.5 5.6 o Change in net working capital reflects higher receivables from Change in net working capital (197.6) (275
Slide 16: Capital allocation framework
Capital allocation framework Investment drives growth to support free cash flow and Strong free cash flow generation has supported shareholder returns investment while returning ~$5.1bn to shareholders since FY22 Invest to drive Capital returns organic growth to shareholders 1.4 Cumulative 1.3 Total
Slide 17: Organic growth investment priorities
Organic growth investment priorities Ongoing capital investment to support growth, with discipline across D&D and UA to optimise returns Investment Spend1 (A$m) D&D Expense (A$m) 792 774 770 402 398 407 759 762 231 227 202 248 246 156 134 163 159 149 161 137 131 246 264 244 374 385 402 398 407 1H24
Slide 18: Operating leverage
Operating leverage Margin expansion and delivery of ongoing operating leverage remains a focus as we continue to scale Group Profit Margins1 Operating Leverage Drivers 49.8% 50.3% 50.6% 43.1% 43.7% ONE Aristocrat Enterprise focused product, technology 36.9% & corporate functions 35.5% 34.2% 28.6% 28
Slide 19: Outlook
Outlook Aristocrat expects to deliver NPATA growth over the full year to 30 September 2026 on a constant currency basis, reflecting: Continued revenue and market share Continued market share growth Accelerating performance at Aristocrat growth from Aristocrat Gaming, from Product Madness, with an In
Slide 20: Q&A
Q&A Half-Year 2026 Results
Slide 21: Appendices
Appendices Half-Year 2026 Results
Slide 22: FY26 modelling inputs
FY26 modelling inputs Operating items: • D&D investment expected to increase at mid-single digits compared to FY25 on a constant currency basis • Product Madness UA spend expected to be in the range of 18 - 21% of revenue Non-operating items: • Net interest expense to include interest paid on US dol
Slide 23: Group results summary
Group results summary Group Performance1 Reconciliation of statutory profit to Normalised NPATA Reported Constant Six months to Six months to Reported Currency Currency Currency2 A$ million 31 March 2026 31 March 2025 Six months to Six months to Profit after tax from continuing operations 798.5 511.
Slide 24: Group results summary
Group results summary Normalised Results EBITDA Reconciliation Six months to Six months to Change Six months to Six months to A$ million 31 March 2026 31 March 2025 % A$ million 31 March 2026 31 March 2025 Normalised results Statutory profit before tax excluding discontinued operations 1,119.6 775.2
Slide 25: Aristocrat Gaming
Aristocrat Gaming Aristocrat Gaming (A$m) North America (US$m) Rest of World (A$m) Summary of Performance 31 March 2026 31 March 2025 31 March 2026 31 March 2025 31 March 2026 31 March 2025 Revenue 1,960.6 1,869.9 1,057.3 963.8 403.7 341.2 EBITDA 1,223.5 1,186.9 704.9 653.5 184.1 150.9 Depreciation
Slide 26: Product Madness
Product Madness Product Madness (US$m) Product Madness (US$m) Summary of Performance 31 March 2026 31 March 2025 Bookings 31 March 2026 31 March 2025 Bookings 545.9 569.8 Bookings by Genre Revenue 546.2 569.6 Social Casino 541.9 518.0 EBITDA 254.2 249.4 Social Casual 4.0 51.8 Depreciation and Amorti
Slide 27: Aristocrat Interactive
Aristocrat Interactive Interactive (US$m) Interactive (US$m) Summary of Performance 31 March 2026 31 March 2025 Summary of Performance 31 March 2026 31 March 2025 1 Reported Revenue 177.8 166.7 Revenue Total Revenue (incl. share of NPI JV revenue) 230.3 216.3 iLottery 34.6 26.6 EBITDA 66.7 73.6 Cont
Slide 28: Glossary of terms
Glossary of terms Gaming Mobile Gaming Established, regulated markets outside traditional markets where Aristocrat Average bookings per Daily Active User. Total bookings in each period, divided by Adjacencies ABPDAU competes to take share by bringing innovation in games and technology the number of
Slide 29: Glossary of terms
Glossary of terms Online Real Money Gaming Financial & Other Amortisation of Amortisation of acquired intangibles arises from acquisitions of controlled Business-to-Business. That is, business activities carried out between two or acquired intangibles entities and joint ventures B2B more companies w
Slide 30: Disclaimer
Disclaimer This document and any oral presentation subsequent forecasts, will not vary significantly This document makes reference to certain non- accompanying it has been prepared in good faith, from such forecasts, forward looking statements International Financial Reporting Standards (non- howeve
Slide 31: ArsTOCRNT ARISTOCRAT: Fhavnéss ARSTOCRAT
ArsTOCRNT ARISTOCRAT: Fhavnéss ARSTOCRAT INTERACTIVE.