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 — Brightstar Lottery — 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
International Game Technology PLC 2020 Fourth Quarter and Full Year Results Period ended December 31, 2020 March 2, 2021 1
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 Agenda Business 1 Marco Sala, CEO Update Financial 2 Max Chiara, CFO Results 3 Q&A 3
Slide 4: Business Update
Business Update Business Update 4
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, Shifted focus to innovative ensured business continuity solutions for “new normal” Achieved $500 million temporary Increased cash position, cost savings/avoidance 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) Operating Segment-level Adjusted EBITDA(1),(2) FY'19 FY'19 FY'19 FY'19 as reported on March 3, 2020 as reported on March 2, 2021 as reported on March 3, 2020 as reported on March 2, 2021 397 1,739 6
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 Global Same-Store Sales Growth game & market closures at onset of pandemic 9% 8% 6% • 7% growth in North America, including the strongest annual 4% 2% growth for instants & draw games i
Slide 10: Global Gaming: Sustained Investment in Innovation
Global Gaming: Sustained Investment in Innovation, Especially Solutions for New Normal 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 on
Slide 11: Digital & Betting Momentum Continues; Significant Market Growth Opportunities
Digital & Betting Momentum Continues; Significant Market Growth Opportunities in Near-Term 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 jurisdictions a
Slide 12: Executive Summary
Executive Summary 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 Proven Leader in Innovative Solutions and High-Growth Digital & Betting Activi
Slide 13: Financial Results
Financial Results 13
Slide 14: Overview of Q4'20 and FY'20 Results
Overview of Q4'20 and FY'20 Results 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
Slide 15: Q4'20 Financial Highlights: Lottery Growth, Sequential Stability in Gaming
Q4’20 Financial Highlights: Lottery Growth, Sequential Stability in Gaming Revenue Operating Income Adjusted EBITDA(1) Cash Flow 1,044 Includes $99M ☐ Cash From Operations 885 in goodwill ☐ Free Cash Flow(1) impairment 365 charges 96 295 278 251 186 201 40 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q4'20 Q4'19 Q
Slide 16: FY'20 Financial Highlights: Resilience of Business on Display
FY'20 Financial Highlights: Resilience of Business on Display Revenue Operating Income/(Loss) Adjusted EBITDA(1) Cash Flow 4,032 ☐ Cash From Operations 3,115 ☐ Free Cash Flow(1) 478 Includes $296M 1,454 907 in goodwill impairment 1,008 530 595 charge; $99M in PY 340 (107) FY'19 FY'20 FY'19 FY'20 FY'
Slide 17: Q4'20 Global Lottery Highlights
Q4’20 Global Lottery Highlights: Highest Revenue and Adjusted EBITDA in Two Years 19 630 568 4 16 23 611 • Global SSS increased 8%; up double-digits Reduced by in North America, return to growth in Italy Revenue $19M advertising adjustment • Lottery service revenue reduced by $19M catch-up adjustmen
Slide 18: Q4'20 Global Gaming Highlights
Q4’20 Global Gaming Highlights: Sequential Stability Despite Closures, Digital & Betting Momentum 476 (48) • Y/Y revenue down 46% due to impact of 253 2 255 pandemic Revenue (129) (46) • Sequential stability in revenue and profit, despite widespread restrictions, supported Q4'19 Terminal Terminal Ot
Slide 19: Over $200M in Structural Cost Savings vs 2019 Targeted by End of 2021
Over $200M in Structural Cost Savings vs 2019 Targeted by End of 2021 IGT Drivers 3 Main Efficiency Program of Global - OPtiMa Efficiency (Operational excellence, Product simplification, Margin improvement) Savings Run Rate by Program Type Savings Run Rate by P/L Geography • ~75% in P/L savings with
Slide 20: Strong Cash Generation Drives Continued Debt Reduction
Strong Cash Generation Drives Continued Debt Reduction FY'19 FY'20 Net Debt 907 7,390 7,319 595 530 ~$433M reduction in (377) net debt 340 excluding (255) unfavorable FX impact Cash from CapEx Free Cash Cash from CapEx Free Cash FY '19 FY'20 Operations Flow (1) Operations Flow (1) ▪ Cash flows among
Slide 21: Solid Liquidity Position
Solid Liquidity Position 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 debt repayment Paid i
Slide 22: Key Financial Messages
Key Financial Messages 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 OPtiMa Program Designed to Deliver $200M+ in Structural Cost Savings in 2021 ~75% in P/L savings with balance drive
Slide 23: Q1'21 Expectations
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 • Globa
Slide 24: Q&A
Q&A 24
Slide 25: Appendix
Appendix 25
Slide 26: Sale of Italy B2C Gaming Businesses: Transaction Update
Sale of Italy B2C Gaming Businesses: Transaction Update • €950 million sale price, 100% cash Transaction • €725 million at closing, €100 million on 12/31/21, €125 million on 9/30/22 Structure • Not subject to any financing conditions; secured by Apollo • Locked box date of 12/31/19 Regulatory Approv
Slide 27: Q4'20 and FY'20 Select Performance and KPI Data: Global Lottery
Q4'20 and FY'20 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency GLOBAL LOTTERY Q4'20 Q4'19 (%) Change (%) (1) FY'20 FY'19 (%) Change (%) (1) Revenue Service Operating and facilities management contracts 549 527 4% 1% 1,944 2,126 (9)% (10)% Upfront license fe
Slide 28: Q4'20 and FY'20 Select Performance and KPI Data: Global Gaming
Q4'20 and FY'20 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency GLOBAL GAMING Q4'20 Q4'19 (%) Change (%) (1) FY'20 FY'19 (%) Change (%) (1) Revenue Service Terminal 85 133 (36)% (36)% 297 568 (48)% (47)% Systems, software, and other 81 80 1% —% 299 350 (14)%
Slide 29: Q4'20 and FY'20 Select Performance and KPI Data: Gaming Continued
Q4'20 and FY'20 Select Performance and KPI Data Y/Y Change Y/Y Change GLOBAL GAMING (Continued) Q4'20 Q4'19 (%) FY'20 FY'19 (%) Yields (by geography)(1), in absolute $ US & Canada $27.88 $40.29 (31)% $24.34 $40.31 (40)% Rest of world $3.33 $7.75 (57)% $3.67 $8.50 (57)% Total yields $20.32 $31.08 (35
Slide 30: Q4'20 and FY'20 Select Performance and KPI Data: Consolidated
Q4'20 and FY'20 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency CONSOLIDATED Q4'20 Q4'19 (%) Change (%) (1) FY'20 FY'19 (%) Change (%) (1) Revenue (by geography) US & Canada 489 580 (16)% (16)% 1,748 2,236 (22)% (22)% Italy 266 237 12 % 4% 862 949 (9)% (12)%
Slide 31: Q4'20 and FY'20 Select Performance and KPI Data: Discontinued Operations
Q4'20 and FY'20 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency DISCONTINUED OPERATIONS - ITALY B2C KPIs: Q4'20 Q4'19 (%) Change (%) (1) FY'20 FY'19 (%) Change (%) (1) Italy installed base units VLT - Operator 10,774 11,020 (2)% 10,774 11,020 (2)% AWP 36,168
Slide 32: Q4'20 and FY'20 Income Statement
Q4’20 and FY'20 Income Statement Y/Y Change Y/Y Change Q4'20 Q4'19 (%) FY'20 FY'19 (%) Service revenue 749 757 (1)% 2,640 3,101 (15)% Product sales 136 287 (53)% 476 931 (49)% Total revenue 885 1,044 (15)% 3,115 4,032 (23)% Adjusted EBITDA(1) 295 365 (19)% 1,008 1,454 (31)% Operating income (loss) 9
Slide 33: Q4'20 and FY'20 Cash Flow Statement
Q4’20 and FY'20 Cash Flow Statement Q4'20 Q4'19 FY'20 FY'19 Net Cash Flows Provided by Operating Activities 251 278 595 907 CapEx (50) (92) (255) (377) (1) Free Cash Flow 201 186 340 530 Debt Proceeds/(Repayment), Net (175) 2 (246) 100 Other - Net (57) (76) (171) (347) Other Investing/Financing Acti
Slide 34: Q4'20 Reconciliations of Non-GAAP Measures
Q4’20 Reconciliations of Non-GAAP Measures For the three months ended December 31, 2020 For the three months ended December 31, 2019 Business Corporate and Business Corporate and Global Lottery Global Gaming Segment Total Other Total IGT PLC Global Lottery Global Gaming Segment Total Other Total IGT
Slide 35: FY'20 Reconciliations of Non-GAAP Measures
FY’20 Reconciliations of Non-GAAP Measures For the year ended December 31, 2020 For the year ended December 31, 2019 Business Corporate and Total IGT Business Corporate and Global Lottery Global Gaming Segment Total Other PLC Global Lottery Global Gaming Segment Total Other Total IGT PLC Loss from c