Ballys Intralot S.a. · ATHEX:BYLOT
Ballys Intralot — Intralot — 9M22 Earnings Presentation
16 slides from Ballys Intralot's earnings presentation, Nov 30, 2022
Slide 1: 9M22 Financial Results
9M22 Financial Results November 30th, 2022
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations: This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “INTRALOT’s significantly improved financial results for the 9-month period reflect the benefits from the extensive business and capital structure re-organization efforts during 2021 and 2022 along with healthy cash flow generation and profit marg
Slide 4: Revenue Overview
Revenue Overview 50.2 (16.6%) RoW 27.2% B2C 177.1 (58.7%) Americas 9M22 Revenue per 9M22 Activity Line Revenue per 72.8% (%) 74.4 (24.7%) Geographical Region B2B/B2G Europe (in €) €301.7m €301.7m 11.8% 9.0% VLTs IT Products & Services 14.4% Sports Betting 9M22 Revenue per Game Type 0.3% (%) Racing €
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations in € million 82.2 Q3 H1 27% 94.8 9M22 Revenues per Contract Type 12.6 82.2 (€m, %) -22.2 61% 5.6 184.2 12% Technology 35.3 7.0 Game management -3.1 -25.2 Licensed operations 9M21 Malta Argentina 9M22 94.8 Revenue Evolution Drivers: 31% • L
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations in € million 82.2 Q3 27% H1 9M22 5.9 184.2 Revenues per Contract Type 3.0 (€m, %) 1.7 2.9 184.2 61% 12% 4.6 1.5 0.1 Technology 173.4 4.5 2.4 35.3 Game management 2.1 -5.9 -1.3 9M21 United States Australia Croatia Other 9M22 Licensed opera
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations in € million 82.2 Q3 27% H1 9M22 0.0 Revenues per Contract Type 2.6 0.5 0.2 35.3 (€m, %) 34.6 -0.1 0.3 61% 0.2 0.3 184.2 12% Technology 35.3 -2.6 Game management Licensed operations 9M21 Turkey Morocco United States 9M22 94.8 Revenue
Slide 8: Consolidated Financial Statements for 9M22
Consolidated Financial Statements for 9M22 (in € million) 9M22 9M21 % Change 3Q22 3Q21 % Change LTM Revenue (Turnover) 301.7 302.8 -0.3% 96.9 100.2 -3.2% 413.0 Technology, Management & Rest Contracts 224.7 211.1 6.4% 82.0 67.9 20.8% 299.3 Licensed Operations (Payout related) 77.1 91.7 -16.0% 14.9 32
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES1 EBITDA AND EBITDA MARGIN1 €m €m, % 414 413 28.1% 29.2% 26.7% 27.3% -0.3% EBITDA Margin on Sales 303 302 +6.6% 110 116 83 88 EBITDA 2021 LTM 9M21 9M22 2021 LTM 9M21 9M22 OPERATING CASH FLOW2 AND NET CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operating CF €m,
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, 9M22 (in €m) 100% control in Intralot Inc. US Debt Refinancing (€22.8m) 509.6 497.2 4.2 2.0 3.9 48.4 36.0 128.9 125.1 230.6 249.2 Net Debt, Free Cash Net Interest Share Capital US Minority New Credit SSNs 2025 Refinancing Other Gross Debt Net Debt, Dec 2021 Flow1
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 9M22 Key Revenue Contributors 9M22 Key EBITDA Contributors (in €m) (in €m) North America2 117.0 North America2 46.6 Europe3 80.3 Europe3 24.5 South America 59.7 South America 14.4 Oceania 18.6 Oceania 13.3 RoW4 14.9 RoW4 7.7 1. Segment Revenue and EBITDA figures
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS Internal November 2022 | Public | p. 12
Slide 13: 9M22 – Group Income Statement
9M22 – Group Income Statement (in € million) 9M22 9M21 % Change LTM Revenue 301.7 302.8 -0.3% 413.0 Gross Profit 86.6 86.5 0.1% 119.5 Other Operating Income 17.9 15.9 13.1% 23.7 OPEX (70.2) (68.0) 3.3% (103.9) EBITDA 88.0 82.6 6.6% 115.9 Margin 29.2% 27.3% + 1.9pps 28.1% Capital Structure Optimizati
Slide 14: 9M22 – Group Statement Of Financial Position
9M22 – Group Statement Of Financial Position (in € million) 9M22 FY21 Tangible Assets (incl. investment properties) 122.2 123.2 Intangible Assets 219.2 204.3 Other Non-current Assets 19.8 21.7 Inventories 28.1 18.7 Trade and Other Short-term Receivables 132.8 130.2 Cash and Cash Equivalents 98.8 107
Slide 15: 9M22 – Group Cash Flow
9M22 – Group Cash Flow (in € million) 9M22 9M21 EBT from continuing operations 19.4 56.8 EBT from discontinued operations 5.6 (7.9) Plus/less adjustments 62.7 34.8 Decrease/(increase) of inventories (6.4) (2.2) Decrease/(increase) of receivable accounts 7.3 25.2 (Decrease)/increase of payable accoun
Slide 16: intralot
intralot