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 — FY2017 Earnings Presentation
23 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Mar 8, 2018
Slide 1: 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 2: Agenda
Agenda Marco Sala, CEO Strategic Update 1 Alberto Fornaro, CFO Q4’17 & FY’17 Results 2 Q&A 3 3
Slide 3: Strategic Update
STRATEGIC UPDATE 4
Slide 4: FY 2017: Innovation Drives Strong KPIs and Financial Results
5 FY 2017: Innovation Drives Strong KPIs and Financial Results Achieved important milestones High end of financial goals Secured Scratch & Win concession through 2028 Robust fourth quarter performance highlights diversity of franchise Sustained momentum in Lottery North America SSR up over 8% in Q4’
Slide 5: FY 2017: Innovation Drives Strong KPIs and Financial Results (continued)
FY 2017: Innovation Drives Strong KPIs and Financial Results Global gaming machine installed base up for second consecutive year Significant International expansion NAGI up sequentially in Q4’17, ex-conversions Strong systems and software results Driven by innovative Lottery and Gaming solutions Sho
Slide 6: 2017 Fourth Quarter Financial Results
2017 FOURTH QUARTER FINANCIAL RESULTS 7
Slide 7: Q4'17 Financial Highlights
Q4’17 Financial Highlights Adjusted Operating Income Adjusted EBITDA Diluted EPS Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transaction expense (see appendix for details) EUR/USD FX daily average: 1.18 in Q4’17; 1.08 in Q4’16, S
Slide 8: Q4'17 North America Gaming & Interactive Highlights
Q4’17 North America Gaming & Interactive Highlights Revenue Key Performance Indicators Gaming Service reflects lower installed base y/y; up ~100 units sequentially excluding conversions Product Sales reflect lower industrywide new & expansion activity and higher IP and systems revenue in the prior y
Slide 9: Q4'17 North America Lottery Highlights
Q4’17 North America Lottery Highlights Revenue Key Performance Indicators Same-store revenue up sharply on broad-based strength across all games Lottery Service reflects effective rate impacts from recent contract extensions and exit from certain low-margin contracts Product Sales up on Lottery term
Slide 10: Q4'17 International Highlights
Q4’17 International Highlights Revenue Key Performance Indicators Slight decline in Lottery same-store revenue Gaming Service benefited from significant growth in the installed base; lower yields due to mix Sharp growth in Gaming Machine units, especially replacement, partly offset by cabinet mix an
Slide 11: Q4'17 Italy Highlights
Revenue Key Performance Indicators Revenue stable at constant currency and scope; Sports Betting contribution offset lower Late Numbers activity and higher Gaming Machine taxes Lotto Wagers up 4%, ex Late Numbers, on strong growth in 10eLotto, especially new Doppio Oro game Scratch & Win wagers up o
Slide 12: FY'17 Financial Highlights
FY’17 Financial Highlights Adjusted Operating Income Adjusted EBITDA Capital Expenditures Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transaction expense (see appendix for details) EUR/USD FX daily average: 1.13 in 2017; 1.11 in
Slide 13: Net Debt and Leverage Profile
14 Net Debt and Leverage Profile DDI sale (gross) (824) Reno facility sale (155)
Slide 14: FY'17 YTD Cash Flow Statement
FY’17 YTD Cash Flow Statement Strong YTD Operating Cash Flow, net of - $417 million in cash interest paid - $296 million in cash taxes paid - $245 million in upfront fees CapEx in line with expectations Other – Net includes proceeds from DoubleDown sale 15 Cash Flow FY '17 Net Cash Flows from Operat
Slide 15: FY'18 Outlook
FY’18 Outlook 2018 adjusted EBITDA of $1,700 - $1,780 million CapEx of $575 - $625 million Scratch & Win cash outlay of €750 million to be reflected in Cash Flows From Operating Activities (€480 million net of partner contributions) Assumes EUR/USD rate of 1.22 16
Slide 16: FY'18 Outlook
FY’18 Outlook 2018 adjusted EBITDA of $1,700 - $1,780 million CapEx of $575 - $625 million Scratch & Win cash outlay of €750 million to be reflected in Cash Flows From Operating Activities (€480 million net of partner contributions) Assumes EUR/USD rate of 1.22 812018
Slide 17: Q4'17 Income Statement (As Reported)
Note: EUR/USD FX daily average: 1.18 in Q4’17; 1.08 in Q4’16 Q4’17 Income Statement (As Reported) 18 Constant Currency Income Statement Q4'17 Q4'16 % Change Q4'17 % Chg. Service revenue 1,073 1,062 1% 1,020 -4% Product sales 273 259 5% 266 3% Total Revenue 1,346 1,321 2% 1,286 -2% Adjusted EBITDA 45
Slide 18: Q4'17 Reconciliation of Non-GAAP Measures
Q4’17 Reconciliation of Non-GAAP Measures 19 Adjustments Q4 2017 Q4 2017 As Purchase Foreign Restructuring Transaction As Reported Accounting Exchange Expense Income Adjusted Total revenue 1,345,670 (182) - - - 1,345,488 Cost of services 686,802 (27,563) - - - 659,239 Cost of product sales 176,375 (
Slide 19: Q4'17 Reconciliation of Non-GAAP Measures
Q4’17 Reconciliation of Non-GAAP Measures 20 As Reported Q4'17 Q4'16 Net Income 106 249 Benefit from Income Taxes (83) (5) Non-Operating Expenses 171 (106) Amortization 83 115 Depreciation 112 97 Amortization of Upfront Payments to Customers 54 32 Stock Compensation (0) 2 Restructuring Expense 9 7 I
Slide 20: FY'17 Income Statement (As Reported)
Note: EUR/USD FX daily average: 1.13 in 2017; 1.11 in 2016 FY’17 Income Statement (As Reported) 21 Constant Currency Income Statement FY '17 FY '16 % Change FY '17 % Chg. Service revenue 4,137 4,376 -5% 4,081 -7% Product sales 802 778 3% 795 2% Total Revenue 4,939 5,154 -4% 4,876 -5% Adjusted EBITDA
Slide 21: FY'17 Reconciliation of Non-GAAP Measures
FY’17 Reconciliation of Non-GAAP Measures 22 Year to date Adjustments Year to date December 2017 Impairment/ Transaction Income December 2017 As Purchase Foreign Restructuring and Refinancing As Reported Accounting Exchange Expense Expense Adjusted Total revenue 4,938,959 (722) - - - 4,938,237 Cost
Slide 22: FY'17 Reconciliation of Non-GAAP Measures
FY’17 Reconciliation of Non-GAAP Measures 23 As Reported FY 2017 FY 2016 Net Income (948) 264 Benefit from Income Taxes (29) 59 Non-Operating Expenses 926 337 Amortization 401 492 Depreciation 401 391 Amortization of Upfront Payments to Customers 210 117 Stock Compensation 5 26 Restructuring Expense
Slide 23: FY'17 Reconciliation of Non-GAAP Measures
FY’17 Reconciliation of Non-GAAP Measures 8/2018 Net Income Benefit from Income Taxes Non-Operating Expenses Amortization Depreciation Amortization of Upfront Payments to Customers Stock Compensation Restructuring Expense Impairment Bad Debt Recovery Transaction (Income) Expense, Net Adjusted EBITDA
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