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 — Q4 2020 Earnings Presentation
35 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Mar 2, 2021
Slide 1: 2020 Fourth Quarter and Full Year Results
1 International Game Technology PLC 2020 Fourth Quarter and Full Year Results Period ended December 31, 2020 March 2, 2021
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”) and
Slide 3: Agenda
Agenda 3 Marco Sala, CEO Business Update1 Max Chiara, CFO Financial Results2 Q&A3 Agenda
Slide 4: Business Update
Business Update 4 Business Update
Slide 5: FY'20 Results Showcase Diversity of Portfolio & Strong Execution
FY'20 Results Showcase Diversity of Portfolio & Strong Execution Global Lottery and high-growth Digital & Betting activities help mitigate pandemic impact • Global Lottery same-store sales stable in 2020, supported by double-digit North American expansion in H2’20 • Global Gaming revenue down on cas
Slide 6: Extraordinary Circumstances Met with Decisive Measures
Extraordinary Circumstances Met with Decisive Measures Protected employees, ensured business continuity Shifted focus to innovative solutions for “new normal” Achieved $500 million temporary cost savings/avoidance Increased cash position, maintained abundant liquidity 6
Slide 7: Paving the Path for a Stronger Growth Profile and Reduced Complexity
Paving the Path for a Stronger Growth Profile and Reduced Complexity Implemented simplified organizational structure based on global product responsibility • Increases effectiveness and competitiveness in each segment • Improves organizational efficiency by leveraging economies of scale • Maximizes
Slide 8: Sale of Italy B2C Gaming Machine & Sports Betting Activities
Sale of Italy B2C Gaming Machine & Sports Betting Activities Compelling on Many Dimensions Revenue(1) Lottery Gaming 2,293 57% 1,739 43% Operating Segment-level Adjusted EBITDA(1),(2) Lottery Gaming 1,136 74% 397 26% Note: $ millions, except where noted otherwise (1) Results from 2019 presented due
Slide 9: Global Lottery Shines in FY'20; Outlook Remains Attractive
Global Lottery Shines in FY'20; Outlook Remains Attractive Global same-store sales stable in FY'20 despite several game & market closures at onset of pandemic • 7% growth in North America, including the strongest annual growth for instants & draw games in 7 years • Swift recovery in Italy and rest o
Slide 10: Global Gaming: Sustained Investment in Innovation
Global Gaming: Sustained Investment in Innovation, Especially Solutions for New Normal 10 Globally, most venues are closed; where open, operating restrictions are in place Q4 results aligned with Q3 levels; stable global installed base, increased replacement unit demand with resilient ASPs Building
Slide 11: Digital & Betting Momentum Continues
Digital & Betting Momentum Continues; Significant Market Growth Opportunities in Near-Term 11 IGT platforms powering industry leaders • B2B Digital & Betting service revenue grew nearly 50% • Processed ~7 million bets during Super Bowl in February 2021, over half during the game Many US jurisdiction
Slide 12: Executive Summary
Executive Summary 12 Global Lottery Demonstrates Remarkable Resilience During Pandemic Significant growth in back half of the year Majority of profits and cash flows supported by Global Lottery growth and long-term contracts OPtiMa Cost-Saving Initiative Drives Margin Expansion Opportunity Simplifie
Slide 13: Financial Results
13 Financial Results
Slide 14: Quarter and Year Ended December 31 Financial Summary
14 Quarter Ended Year Ended All amounts from continuing operations unless otherwise noted December 31, December 31, 2020 2019 2020 2019 (In $ millions, unless otherwise noted) GAAP Financials: Revenue(1) 885 1,044 (15)% 3,115 4,032 (23)% Operating income/(loss) 96 40 138% (107) 478 NA Net cash provi
Slide 15: Q4'20 Financial Highlights: Lottery Growth, Sequential Stability in Gaming
40 96 Q4'19 Q4'20 365 295 Q4'19 Q4'20 15 Note: $ in millions; EUR/USD FX daily average: 1.11 in Q4'19, 1.19 in Q4'20; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for f
Slide 16: FY'20 Financial Highlights: Resilience of Business on Display
4,032 3,115 478 (107) 1,454 1,008 16 Note: $ in millions; EUR/USD FX daily average: 1.12 in FY'19, 1.14 in FY'20; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for furth
Slide 17: Q4'20 Global Lottery Highlights
568 4 16 23 611 19 630 Q4'19 Lottery Service Other Service Product Sales Excluding FX FX Q4'20 Q4’20 Global Lottery Highlights: Highest Revenue and Adjusted EBITDA in Two Years 17 • Global SSS increased 8%; up double-digits in North America, return to growth in Italy • Lottery service revenue reduce
Slide 18: Q4'20 Global Gaming Highlights
Q4’20 Global Gaming Highlights: Sequential Stability Despite Closures, Digital & Betting Momentum 18 • Y/Y revenue down 46% due to impact of pandemic • Sequential stability in revenue and profit, despite widespread restrictions, supported by stable to improving KPIs • Digital & Betting(1) up nearly
Slide 19: IGT Efficiency Program - OPtiMa
Operational Excellence Product Simplification Margin Improvement • Procurement optimization • Streamlined manufacturing process • Supply chain efficiencies 19 Over $200M in Structural Cost Savings vs 2019 Targeted by End of 2021 Operational Excellence Initiatives Reduced Complexity of Product/ Geogr
Slide 20: Strong Cash Generation Drives Continued Debt Reduction
Strong Cash Generation Drives Continued Debt Reduction 20 ▪ Cash flows among the strongest in five years, driven by solid financial results and diligent invested capital management ▪ Reduced net debt by $71 million as reported, $433 million excluding unfavorable foreign currency impact, and inclusiv
Slide 21: Solid Liquidity Position
Solid Liquidity Position 21 Euro Notes 35% Total liquidity improved over $300 million to $2.72 billion as of 12/31/20 • $907 million in unrestricted cash; $1.82 billion in additional borrowing capacity • Net cash proceeds from announced agreement to sell Italy B2C gaming businesses earmarked for deb
Slide 22: Key Financial Messages
Key Financial Messages 22 Revenue and Profits Benefit From Strong H2'20 Lottery Results Record Lottery profits in last 2 years in H2'20 Strong Digital & Betting revenue momentum continues Robust Cash Flow Drives Debt Reduction and Strong Liquidity Position Significant debt reduction in 2020; no furt
Slide 23: Q1'21 Expectations
Given the uncertainty associated with pandemic-related restrictions, mainly on our Global Gaming segment, we are not providing a full-year outlook at this time For Q1'21, revenue and operating income from continuing operations are expected to be higher Y/Y and sequentially • Global Lottery up signif
Slide 24: Q&A
24 Q&A
Slide 25: Appendix
25 Appendix
Slide 26: Sale of Italy B2C Gaming Businesses: Transaction Update
26 Sale of Italy B2C Gaming Businesses: Transaction Update • €950 million sale price, 100% cash • €725 million at closing, €100 million on 12/31/21, €125 million on 9/30/22 • Not subject to any financing conditions; secured by Apollo • Locked box date of 12/31/19 • Italy gaming and anti-trust regula
Slide 27: Q4'20 and FY'20 Select Performance and KPI Data: Global Lottery
$ millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q4'20 and FY'20 Select Performance and KPI Data 27 GLOBAL LOTTERY Q4'20 Q4'19 Y/Y Change (%) Constant Currency Change (%)
Slide 28: Q4'20 and FY'20 Select Performance and KPI Data: Global Gaming
$ millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details (2) Excluded from yield calculations due to treatment as sales-type leases Q4'20 and FY'20 Select Performance and KPI Dat
Slide 29: Global Gaming KPI Data (Continued)
$ millions except otherwise noted (1) Excludes Casino L/T lease units due to treatment as sales-type leases; comparability on a Y/Y basis hindered due to fewer active units Q4'20 and FY'20 Select Performance and KPI Data 29 GLOBAL GAMING (Continued) Q4'20 Q4'19 Y/Y Change (%) FY'20 FY'19 Y/Y Change
Slide 30: Select Performance and KPI Data: Consolidated
$ millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 (2) Included within consolidated revenue Q4'20 and FY'20 Select Performance and KPI Data 30 CONSOLIDATED Q4'20 Q4'19 Y/Y Change (%) Constant Currency Change (%) (1) FY'20 FY'19 Y/Y Change (%) Constant Currency Change (%
Slide 31: Discontinued Operations - Italy B2C KPIs
$ millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 Q4'20 and FY'20 Select Performance and KPI Data 31 DISCONTINUED OPERATIONS - ITALY B2C KPIs: Q4'20 Q4'19 Y/Y Change (%) Constant Currency Change (%) (1) FY'20 FY'19 Y/Y Change (%) Constant Currency Change (%) (1) Italy
Slide 32: Q4'20 and FY'20 Income Statement
$ millions except per share amounts; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q4’20 and FY'20 Income Statement 32 Q4'20 Q4'19 Y/Y Change (%) FY'
Slide 33: Q4'20 and FY'20 Cash Flow Statement
Q4’20 and FY'20 Cash Flow Statement 33 Q4'20 Q4'19 FY'20 FY'19 Net Cash Flows Provided by Operating Activities 251 278 595 907 CapEx (50) (92) (255) (377) Free Cash Flow(1) 201 186 340 530 Debt Proceeds/(Repayment), Net (175) 2 (246) 100 Other - Net (57) (76) (171) (347) Other Investing/Financing Ac
Slide 34: Q4'20 Reconciliations of Non-GAAP Measures
Q4’20 Reconciliations of Non-GAAP Measures 34 For the three months ended December 31, 2020 Global Lottery Global Gaming Business Segment Total Corporate and Other Total IGT PLC Loss from continuing operations (232) Provision for income taxes 73 Interest expense, net 101 Foreign exchange loss, net 15
Slide 35: FY'20 Reconciliations of Non-GAAP Measures
FY’20 Reconciliations of Non-GAAP Measures 35 $ millions; all amounts presented reflect continuing operations (1) Includes amortization of upfront license fees (2) Primarily includes transaction-related costs For the year ended December 31, 2020 Global Lottery Global Gaming Business Segment Total Co
International Game Technology — Q4 2020 Earnings Presentation on 6ix