Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — FY2014 Earnings Presentation
33 slides from Ainsworth Game Technology's earnings presentation, Aug 26, 2014
Slide 1: FY14 Annual Results Announcement
FY14 Annual Results Announcement Ainsworth Game Technology Limited For personal use only 1
Slide 2: Disclaimer
FY14 Annual Results Announcement For personal use only 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 docume
Slide 3: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 3
Slide 4: Historical Financial Performance
FY14 Annual Results Announcement Historical Financial Performance For personal use only Total Revenue Profit/(Loss) Before Tax 300 244.1 250 198.1 200 150.6 150 $A millions 98.0 100 82.0 69.3 69.3 45.2 46.2 50 14.8 -12.0 -2.4 - (50) FY09 FY10 FY11 FY12 FY13 FY14 4
Slide 5: Results Highlights
FY14 Annual Results Announcement FY14 Results Highlights For personal use only - Total sales revenue of $244.1m, an increase of 23% on pcp • Domestic revenue $143.3m (+15% on pcp) • International revenue $100.8m (+37% on pcp) - Profit before tax of $82.0 million, an increase of 18% on pcp (+23% on p
Slide 6: Results Highlights
FY14 Annual Results Announcement FY14 Results Highlights For personal use only • Supported by investment in R&D (~11% of revenue in FY14) - Extension of long term incentive arrangements established in July 2013 - Growth across domestic and international businesses • Domestic: growth in sales volume
Slide 7: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 7
Slide 8: Profit & Loss Summary
FY14 Annual Results Announcement Profit & Loss Summary For personal use only ̶ Strong continued domestic and Change Change international revenue growth A$m 30 Jun 2014 30 Jun 2013 (%) (%) ̶ Revenue gain in Americas has led to Domestic revenue 143.3 124.4 ▲ 15% international markets representing 41%
Slide 9: Financial Performance Summary
FY14 Annual Results Announcement Financial Performance Summary For personal use only 120,000 100,000 5,074 437 240 21,006 40,460 80,000 7,816 3,379 2,234 2,099 A$ '000's 309 60,000 - 40,000 61,570 52,202 20,000 - NPAT FY13 Machine Participation Service Other Cogs Overheads Tax D&A Forex Net Interest
Slide 10: Balance Sheet
FY14 Annual Results Announcement Balance Sheet For personal use only A$m 30 Jun 2014 30 Jun 2013 Change (%) ̶ Strong balance sheet position Cash 20.9 16.2 +29% • Net cash position of $71.9m as Term deposits 51.0 50.4 +1% at reporting date Receivables* 93.7 79.9 +17% • Minimal debt Other Current Asse
Slide 11: Cash Flow Statement
FY14 Annual Results Announcement Cash Flow Statement For personal use only 30 Jun 30 Jun A$m 2014 2013 Change ̶ Free cash flow of $36.0m (FY13: $20.9m) Net Cash from Operating Activities 57.6 31.6 +26.0 ̶ Acquisition of PPE includes US Interest received 2.6 3.0 (0.4) land acquisition of $7.8m Acquis
Slide 12: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 12
Slide 13: Segment Results - Australia
FY14 Annual Results Announcement Segment Results - Australia For personal use only ̶ Revenue and volume growth in an established market Change Change ̶ Revenue growth of 84% in Victoria as it A$m 30 Jun 2014 30 Jun 2013 (%) (%) transitions out of the previous duopoly Revenue 143.3 124.4 ▲ 15% ̶ Rele
Slide 14: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 14
Slide 15: Segment Results - Americas
FY14 Annual Results Announcement Segment Results - Americas For personal use only ̶ Growth in revenue, volume and North America profitability ̶ Growth in Recurring Revenue Change Change A$m 30 Jun 2014 30 Jun 2013 (%) (%) Installed Base with an increase of 503 units (84%) Revenue 58.5 42.9 ▲ 36% ̶ R
Slide 16: Segment Results - Americas (Latin America)
FY14 Annual Results Announcement Segment Results - Americas For personal use only Latin America ̶ Growth in revenue, volume and Change Change profitability A$m 30 Jun 2014 30 Jun 2013 (%) (%) ̶ Growth in Recurring Revenue Revenue 31.9 19.6 ▲ 63% Installed Base with an increase of Segment Result 10.5
Slide 17: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 17
Slide 18: Segment Results - Rest of the World
FY14 Annual Results Announcement Segment Results - Rest of the World For personal use only ̶ Revenue, volume and profitability in Asia impacted by cut off procedures ̶ New Zealand market increased revenue by Change Change 48% compared to PCP A$m 30 Jun 2014 30 Jun 2013 (%) (%) ̶ New Zealand increase
Slide 19: For personal use only
FY14 FY14 Annual Annual Results Results Announcement Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions
Slide 20: Gaming Products
FY14 FY14 Annual Annual Results Results Announcement Announcement Gaming Products For personal use only - The A560SL™ cabinet and game range was recently launched at the Australian Gaming Expo - The Magnificent 7™ licensed theme will be launched in multiple domestic jurisdictions during the 1st half
Slide 21: Gaming Products
FY14 FY14 Annual Annual Results Results Announcement Announcement Gaming Products For personal use only 21
Slide 22: Gaming Products
FY14 Annual Results Announcement Gaming Products For personal use only Core A560HB, ST, SBT: Premium A560 Wide Boy: New A560SL, A560: 22
Slide 23: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 23
Slide 24: Regulatory Update
FY14 Annual Results Announcement Regulatory Update For personal use only - 31 new licence approvals (26 US Tribal licences, 3 US State licences, Manitoba - Canada and Alderney - Online) - US State licence approvals were Mississippi, Missouri & Arizona - Arizona State License approval (temporary lice
Slide 25: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 25
Slide 26: Online Overall Strategy
FY14 Annual Results Announcement Online Overall Strategy For personal use only - Establish online infrastructure and development team in the fastest growing segment of the gambling industry - Integrate the Ainsworth land based gaming business with online and mobile technologies - Obtain online gamin
Slide 27: Online – Real Money Gaming
FY14 Annual Results Announcement Online – Real Money Gaming For personal use only - Ainsworth licenses the GameConnect™ Remote Gaming Server (RGS) from online development partner ComTrade Gaming for business to business (B2B) content distribution to regulated markets in Europe and North America - Ai
Slide 28: Online – Real Money Gaming
FY14 Annual Results Announcement Online – Real Money Gaming For personal use only Ainsworth Interactive Division B2B eGambling Service License AINSWORTH REMOTE GAMING SERVER Licensed from ComTrade Online Game Distribution - Casino Platform Partners 28
Slide 29: Online – Social Casino
FY14 Annual Results Announcement Online – Social Casino For personal use only - Ainsworth has established an agreement to partner with 616 Digital LLC, an online social gaming casino platform provider on Facebook • Subject to specific performance hurdles, an option is in place to acquire 100% of the
Slide 30: Online – Social Casino
FY14 Annual Results Announcement Online – Social Casino For personal use only Ainsworth Interactive Division 616 DIGITAL LLC. Content distribution through Facebook database on Desktop PC, tablet & mobile devices 30
Slide 31: For personal use only
FY14 Annual Results Announcement For personal use only 1.Results Highlights 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 31
Slide 32: FY2015 Outlook
FY14 Annual Results Announcement FY2015 Outlook For personal use only ̶ Further revenue growth is expected within international markets ̶ Maintain a strong position in all established domestic markets ̶ The Company will expand it’s infrastructure and capabilities within the Americas including the co
Slide 33: Thank You
FY14 Annual Results Announcement For personal use only Thank You Thank you for your interest in Ainsworth Game Technology Limited Please visit us at www.ainsworth.com.au 33
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