Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — FY2024 Earnings Presentation
35 slides from Ainsworth Game Technology's earnings presentation, Feb 25, 2025
Slide 1: Results for Twelve Months Ended 31 December 2024 – Investor Presentation
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com.au 25 February 2025 ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000 ELECTRONIC LODGEMENT Results for Twelve Months Ended 31 December 2024 – Inv
Slide 2: Investor Presentation
Investor Presentation Finalised results for 12 months ended 31 December 2024 (CY24) Investor’s Presentation Results for 12 months ended 31 December 2024 Ainsworth Game Ainsworth Technology Game Limited Technology Limited 1 ABN 37 068 ABN 516516 37 068 665665 | ASX Code: | ASX AGIAGI Code:
Slide 3: Disclaimer
Disclaimer IMPORTANT NOTICE • This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. All statutory r
Slide 4: Agenda
Agenda • Results Summary 4 • Consolidated Results 7 • Segment Performance 16 • Land Based Gaming Products 23 • Global Digital Gaming 30 • Conclusion 33 33
Slide 5: Results Summary
Results Summary 44
Slide 6: 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 7: Gaming Operations
Gaming Operations with recurring revenues and steady international sales contribution 6
Slide 8: Consolidated Results
Consolidated Results 7
Slide 9: Profit & Loss Summary
Profit & Loss Summary 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP 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 (15.0) EBITDA 58.9 20.1 38
Slide 10: Results Adjusted for Currency Movement and One-off Items
Results Adjusted for Currency Movement and One-off Items 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP In millions of AUD (Current period) (PCP) Profit before tax 33.9 2.6 31.3 Foreign currency (gains) / losses (9.6) 21.5 (31.1) Restructuring costs 0.9 - 0.9 Reversal
Slide 11: Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA
Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 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 Depreciation and amortisation 26
Slide 12: Operating Costs
Operating Costs 12 months 12 months 12 months ended ended ended Current period vs 31 Dec 2024 at 31 Dec 2024 31 Dec 2023 PCP pcp constant In millions of AUD (Current period) (PCP) currency basis COGS 103.8 109.6 (5.8) 102.8 Gross profit 160.3 175.3 (15.0) 158.6 Gross profit margin % 61% 62% (1%) 61%
Slide 13: Staff Headcount
Staff Headcount # Staff 31-Dec-24 30-Jun-24 31-Dec-23 Australia Sales 29 30 32 Service 50 51 56 Production 18 25 31 Administration 19 19 21 R&D 89 91 98 Total staff numbers - Australia 205 216 238 Americas Sales 28 26 30 Service 65 59 64 Production 65 56 58 Administration 96 83 92 R&D 83 85 73 Total
Slide 14: Net Profit Bridge – CY23 to CY24
Net Profit Bridge – CY23 to CY24 40.0 31.1 5.5 30.3 30.0 (4.4) 20.0 10.0 - 4.0 1.3 13.2 (6.5) (10.0) 3.8 8.0 (0.4) (20.0) (11.8) (3.1) (1.4) 6.3 (8.2) (30.0) (7.1) (40.0) • Reduced sales revenue in Latin America deriving from Argentina due to macro economic conditions and importation restrictions in
Slide 15: Balance Sheet
Balance Sheet In millions of AUD 31-Dec-24 31-Dec-23 Total assets 438.1 418.4 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 equity) 22% 33% Cash flow t
Slide 16: Cash Flow Statement
Cash Flow Statement 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP In millions of AUD (Current period) (PCP) Net cash (used in) / generated from operating activities (3.0) 27.9 (30.9) Proceeds from sale of property, plant and equipment 0.1 0.1 - Proceeds from investmen
Slide 17: Segment Performance
Segment Performance 16 16
Slide 18: North America
North America 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP In millions of AUD (Current period) (PCP) 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 Volume (no.) 2,099 2,
Slide 19: Key Market Highlights
Key Market Highlights • San Fa family of games has produced premium performance since launch in December 2023. New titles San Fa RabbitsTM and TigersTM released during the current period with strong performance. • Expanding the A-STAR RaptorTM launch throughout the year with exclusive library conten
Slide 20: Latin America & Europe
Latin America & Europe 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP In millions of AUD (Current period) (PCP) 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 (%) 41% 41% (0%) Unit Vol
Slide 21: Latin America / Europe Key Market Highlight
Latin America / Europe Key Market Highlight Market Position & Expansion AGT holds an 8% share of the 350,000-unit Class 3 market, with 27,000 units. Following a challenging year with halted imports in Mexico and minimal sales in Argentina, a conservative market share increase is expected in CY25, su
Slide 22: Asia Pacific (Australia, NZ and Asia)
Asia Pacific (Australia, NZ and Asia) 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP In millions of AUD (Current period) (PCP) 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 Profit (%) 6% 7% (1%) U
Slide 23: Online
Online 12 months 12 months ended ended Current period vs 31 Dec 2024 31 Dec 2023 PCP 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 decrease in online revenue
Slide 24: Land Based Gaming Products
Land Based Gaming Products 2 23 23 3
Slide 25: North America Product Highlight
North America Product Highlight • We are introducing our first premium product at Ainsworth, Neon’s Bonus Blast, which features a new EGADS sign package. This launch marks the beginning of our next key product offering. • Since the launch of A-STAR RaptorTM, we have approximately 2,314 units live, p
Slide 26: North America Product Highlight (continued)
North America Product Highlight (continued) • Another successful A-STAR RaptorTM release, Coin Kingdom, from our LV Studio, has been performing over house since Q4 release. Coin Kingdom AztecTM is currently indexing at 1.17x house, while Coin Kingdom Egyptian is performing at 1.21x house. • The A-ST
Slide 27: . Sut Sat Spe |!
< | . 5 Sut Sat Spe |! Ma S2 Yen PS Firs wy) :* W 1S ; cies ON t 4) Sones Eek pet \ J ny $992 78 \GRAND) $10.219.70
Slide 28: 27
27 27
Slide 29: Latin America Product Highlight
Latin America Product Highlight San FaTM – LATAM Market Success San FaTM excels in European and LATAM markets, with over 500 units averaging 1.4x house average. Strong engagement, high player retention, and above-average coin-in and hold percentages have driven its success. Growing demand has led to
Slide 30: Asia Pacific Product Highlight
Asia Pacific Product Highlight • Year of the Dragon has shown strong and consistent performance across all AU jurisdictions after 10+ months in the market. With over 700 installs and a turnover ratio of 1+ times average, Year of the Dragon continues to show month on month stable performance. • The s
Slide 31: Global Digital Gaming
Global Digital Gaming 30 30
Slide 32: Ainsworth Interactive 2024 Report
Ainsworth Interactive 2024 Report For 2024, Ainsworth Interactive is synchronizing production processes with our independent game studios in preparation to coincide new game launches with land-based releases. Our game development studios are focused on rebuilding our product quality to ensure that e
Slide 33: Conclusion
KT" > FREE Hh Vx OAS ail. ’ —- Le + v acipen y - Ofith ) FREE/GAMES FREE GAMES
Slide 34: Conclusion
Conclusion • A-STAR Raptor has been on the Top 6 Performing New Upright Cabinet charts for 12 straight months with extensive product library offerings in all key markets. • Since the launch of A-STAR Raptor Potrait screen, we have approximately 2,314 units live on casino floors across the United Sta
Slide 35: Ainsworth Game Technology
Ainsworth Game Technology 10 Holker St, Newington NSW www.agtslots.com 34 *All trademarks, logos and brand names are the properties of their respective owners
Ainsworth Game Technology — FY2024 Earnings Presentation on 6ix