Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (May 2025)
34 slides from Ainsworth Game Technology's shareholder meeting presentation, May 28, 2025
Slide 1: ASX Announcement: 2025 AGM Addresses and Presentation
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com 28 May 2025 ASX Market Announcements Office Exchange Centre For personal use only 20 Bridge Street Sydney NSW 2000 ELECTRONIC LODGEMENT 2025 Annual General Meeting (AGM) Addres
Slide 2: Chairperson's Address: Non-Executive Chairperson
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com.au 28 May 2025 ASX Release ASX Code: AGI For personal use only AINSWORTH GAME TECHNOLOGY LIMITED (“Ainsworth” or “the Company” or “AGT”) 2025 ANNUAL GENERAL MEETING ADDRESSES N
Slide 3: Chairperson's Address (continued)
The continued challenging conditions in Latin America, including import restrictions in Mexico, have resulted in revenue expected to be lower by approximately 14% in half one of the 2025 year compared to the $38 million in the preceding half in the 2024 year. The key market of North America showed t
Slide 4: Chairperson's Address: Novomatic offer
The SID allows for the payment of a fully franked dividend on or before the implementation date of the Scheme, if declared by the Board of AGT. Should this occur certain shareholders could potentially obtain additional value by way of release of franking credits (noting the Scheme Consideration woul
Slide 5: CEO's Address: 2024 results
The 2024 financial year presented the Company with difficult and challenging economic conditions within the markets we operate, primarily within the Americas. The gaming industry continues to show resilience to these difficult economic conditions. Ainsworth delivered solid operational results during
Slide 6: CEO's Address: segment and product update
The Gambler’s GoldTM products (keno and poker-based games) have continued to positively contribute to the North American segment. The exclusive distribution agreement within Montana was extended with Golden Route Operations (acquired by J&J Ventures) in October 2024 for an additional 40-month period
Slide 7: CEO's Address: conclusion and outlook
In conclusion trading conditions in both domestic and international markets have shown their resilience despite the economic challenges encountered. AGT’s North American business continues to progress in both Class II and Class III markets with opportunities pursued for existing and new HHR markets.
Slide 8: Ainsworth Game Technology Limited
For personal use only ANNUAL GENERAL MEETING 28 MAY 2025 AINSWORTH GAME TECHNOLOGY LIMITED
Slide 9: Agenda
For personal use only AGENDA 1. Welcome 2. Introduction of Board of Directors 3. Chairperson’s Address 4. Chief Executive Officer’s Address 5. Conclusion 6. Formal Business 7. Other Business 2
Slide 10: Board of Directors
Board of Directors For personal use only • Significant scale, footprint and excellent market reputation. • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. ANNUAL GENERAL MEETING 28 MAY 2025 3
Slide 11: Chairperson's Address
For personal use only CHAIRPERSON’S ADDRESS Presentation by DANNY GLADSTONE
Slide 12: Results Summary
Results Summary • Underlying profit before tax (excluding currency and one-off items) was $23.2m for the 12 months ended December 2024 (“current period”), representing a 44% decrease compared to the 12 months ended 31 December 2023 (“PCP”). • North America continued to perform strongly, contributing
Slide 13: Game Operations
Game Operations with recurring revenues and steady international sales contribution For personal use only ANNUAL GENERAL MEETING 28 MAY 2025 6
Slide 14: Balance Sheet
Balance Sheet In millions of AUD 31-Dec-24 31-Dec-23 Total assets 438.1 418.4 For personal use only Net assets 360.6 315.6 Total debt 10.1 0.4 Net cash 9.7 19.4 Debt Ratios 31-Dec-24 31-Dec-23 Debt ratio (Total liabilities / Total assets) 18% 25% Debt to equity ratio (Total liabilities / Total equit
Slide 15: Ainsworth & Novomatic Scheme of Arrangement
Ainsworth & Novomatic Scheme of Arrangement • On 28th April, Ainsworth announced to the Australian Stock Exchange (ASX) that it had entered into a Scheme Implementation Deed (SID) with its majority shareholder, Novomatic, to acquire 47.1% of the share capital of Ainsworth it does not currently own,
Slide 16: Ainsworth & Novomatic Scheme of Arrangement: conditions
Ainsworth & Novomatic Scheme of Arrangement The implementation of the Scheme is subject to limited and customary conditions for a transaction of this nature, including: • relevant approvals from ASIC and ASX; • approval by the requisite majorities of AGI shareholders; For personal use only • approva
Slide 17: Ainsworth & Novomatic Scheme of Arrangement: next steps
Ainsworth & Novomatic Scheme of Arrangement • AGI shareholders should take no action at this time. • A Scheme Booklet that will contain important information relating to the Scheme, the reasons for the IBC’s recommendation, and the Independent Expert’s report, is expected to be sent to shareholders
Slide 18: Chief Executive Officer's (CEO) Address
For personal use only CHIEF EXECUTIVE OFFICER’S (CEO) ADDRESS Presentation by HARALD NEUMANN
Slide 19: Profit & Loss Summary
Profit & Loss Summary 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP For personal use only In millions of AUD (Current period) (PCP) Domestic revenue 39.6 39.8 (0.2) International revenue 224.5 245.1 (20.6) Total revenue 264.1 284.9 (20.8) Gross profit 160.3 175.3 (15.
Slide 20: Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA
Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA 12 months 12 months For personal use only ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Reconciliation: Profit before tax 33.9 2.6 31.3 Net interest income (1.9) (6.3) 4.4 Depreciati
Slide 21: Operating Costs
Operating Costs 12 months 12 months 12 months ended ended ended Current period 31 Dec 2024 at pcp 31 Dec 2024 31 Dec 2023 vs PCP constant currency In millions of AUD (Current period) (PCP) basis For personal use only COGS 103.8 109.6 (5.8) 102.8 Gross profit 160.3 175.3 (15.0) 158.6 Gross profit mar
Slide 22: North America
North America 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) For personal use only Revenue 147.0 140.4 6.6 Gross Profit 100.5 94.8 5.7 Segment EBITDA 81.6 77.3 4.3 Segment Profit 68.2 65.0 3.2 Segment Profit (%) 46% 46% 0% Unit
Slide 23: Latin America & Europe
Latin America & Europe 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) For personal use only Revenue 66.8 80.1 (13.3) Gross Profit 39.3 50.0 (10.7) Segment EBITDA 29.2 32.3 (3.1) Segment Profit 27.5 33.1 (5.6) Segment Profit (%)
Slide 24: Asia Pacific (Australia, NZ and Asia)
Asia Pacific (Australia, NZ and Asia) 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) For personal use only Revenue 42.7 48.8 (6.1) Gross Profit 12.9 14.9 (2.0) Segment EBITDA 3.2 4.1 (0.9) Segment Profit 2.7 3.4 (0.7) Segment P
Slide 25: Online
Online 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP For personal use only In millions of AUD (Current period) (PCP) Revenue 7.6 15.6 (8.0) Gross Profit 7.6 15.6 (8.0) Segment EBITDA 6.9 14.0 (7.1) Segment Profit 6.9 14.0 (7.1) Segment Profit (%) 91% 90% 1% • The decr
Slide 26: Cash Flow Statement
Cash Flow Statement • Normalising payment of $28.5m to SAT, net cash generated from operating activities is $25.5m. • Increase in net cash generated from financing activities due to net borrowings of $9.4m which occurred in the current period. • Net cash held at reporting date was $9.7m, a decrease
Slide 27: Conclusion
For personal use only CONCLUSION
Slide 28: Conclusion
Conclusion • North American business continues to progress in both Class II and Class III markets with opportunities pursued for existing and new HHR markets. For personal use only • Improvements in Latin America expected in second half of 2025 financial year as current import restrictions in Mexico
Slide 29: Formal Business
For personal use only FORMAL BUSINESS
Slide 30: Financial Statements and Reports
Financial Statements and Reports To receive and consider the Annual Financial Report, including the Director’s and Auditor’s Reports in resect of the financial year ended 31 For personal use only December 2024. • Significant In attendance is Mr Jason Thorne scale, footprint from Deloitte and excelle
Slide 31: Resolution: Re-election of Ms. Heather Alice Scheibenstock
Resolution 1 Re-election of Ms. Heather Alice Scheibenstock, as Director For personal use only To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, “That Ms. Heather Alice Scheibenstock, whofootprint retiresand in excellent marketwith acco
Slide 32: Resolution: Approval of Remuneration Report
Resolution 2 Approval of Remuneration Report For personal use only To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, footprint and excellent market reputation. “That the Remuneration Report for the Company required by section 250R(2) of
Slide 33: Other Business
For personal use only OTHER BUSINESS
Slide 34: Ainsworth Game Technology Limited
For personal use only AINSWORTH GAME TECHNOLOGY LIMITED 10 Holker St, Newington NSW www.agtslots.com
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