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 2018 Earnings Presentation
25 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Mar 7, 2019
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 Strategic Update 1 Q4’18 & FY’18 Results 2 3 Q&A 3 Alberto Fornaro, CFO Marco Sala, CEO
Slide 3: Strategic Update
Strategic Update 4
Slide 4: FY'18: Robust Lottery & Resilient Italy
FY’18: Robust Lottery & Resilient Italy In line Q4’18 and FY’18 financial results • 4% FY’18 Adjusted EBITDA growth on stable revenue (at constant currency and scope) • Strong Lottery and Italy results Innovation-led Lottery expansion • SSR ex-Italy up 8%; Italy Lottery wagers up 4% • Awarded “Lotte
Slide 5: FY'18: Positioning for Growth
FY’18: Positioning for Growth Important, early North America Sports Betting progress • Operational in 24 land-based locations across states Mobile solution live in 3 states Strategic partnerships with industry leaders (FanDuel, William Hill) 5 • • Foundational work should translate into stronger Fre
Slide 6: 2018 Fourth Quarter and Full Year Results
2018Fourth Quarter and Full Year Results 7
Slide 7: FY'18 Financial Highlights
FY’18 Financial Highlights Revenue Adjusted EBITDA -1% at constant currency and scope +4% at constant currency and scope Adjusted Operating Income Diluted EPS Higher EPS reflects lower tax rate in 2018 -3% at constant currency and scope Note: Adjusted results remove impact of purchase price amortiza
Slide 8: Q4'18 Financial Highlights
Q4’18 Financial Highlights Revenue Adjusted EBITDA -4% at constant currency -6% at constant currency Capital Adjusted Operating Income -17% at constant currency Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transactio n expense (se
Slide 9: Q4'18 North America Gaming & Interactive Highlights
Q4’18 North America Gaming & Interactive Highlights Replacement 6,485 4,490 • • Revenue up 3% when adjusted for jackpot expense reclass Product Sales up double digits on significant increase in Gaming machine units shipped coupled with higher ASPs Service relatively stable, net of jackpot expense re
Slide 10: Q4'18 North America Lottery Highlights
Q4’18 North America Lottery Highlights Revenue • Exceptional multi-state jackpot activity ($1.5B Mega Millions jackpot) and solid growth in Instants & Draw Games drive over 20% same-store revenue growth LMA reflects lower Illinois revenues (reimbursable expenses) Product Sales impacted by higher lot
Slide 11: Q4'18 International Highlights
Q4’18 International Highlights Revenue Key Performance Indicators Replacement 4,730 5,021 • • • • • Tough revenue and profit comparisons to Q4’17 Solid Lottery same-store revenue growth Gaming Installed Base reflects large conversion sale in South Africa, partly offset by growth in Greece VLTs Produ
Slide 12: Q4'18 Italy Highlights
Q4’18 Italy Highlights Revenue Key Performance Indicators • • • Solid underlying fundamentals across all core businesses Lottery wagers up on continued strength in10eLotto, Scratch & Win, and contribution from MillionDAY Machine Gaming growth reflects increased productivity of fleet despite signific
Slide 13: Net Debt and Leverage Profile
Net Debt and Leverage Profile • Upfront fees reflect gross payment related to the Scratch & Win license; $559 million net of partner contributions Leverage driven by large Upfront Fees; final Scratch & Win installment paid in Q4’18 • 14 Net Debt/LTM EBITDA 4.37x 4.47x Payments to minorities212 Capit
Slide 14: Cash Flow Statement
Cash Flow Statement Net Cash Flows from Operating Activities 30 • Operating Cash Flow includes $878 million gross Scratch & Win upfront payment • License secured through September 2028 • No significant capital demands for Scratch & Win until next tender CapEx (533) Free Cash Flow (503) Debt Proceeds
Slide 15: FY'19 Outlook
FY’19 Outlook 2019 Adjusted EBITDA of $1.70 - $1.76 billion • • Underlying growth for core Lottery and Gaming >$100 million in year-to-year headwinds CapEx of $450 - $550 million, concentrated in first half Assumes EUR/USD rate of 1.15 16
Slide 16: FY'19 Outlook
FY’19 Outlook 2019 Adjusted EBITDA of $1.70 - $1.76 billion * Underlying growth for core Lottery and Gaming * >$100 million in year-to-year headwinds CapEx of $450 - $550 million, concentrated in first half Assumes EUR/USD rate of 1.15
Slide 17: Appendix
Appendix 18
Slide 18: Recent Italian Tax Actions
Recent Italian Tax Actions • Gaming Machines • Other 2019 Budget Law tax actions • • • Online casino and games increased from 20% to 25% Online sports betting increased from 22% to 24% Land-based sports betting increased from 18% to 20% 19 VLTs July 2018 Dignity Decree • +25bps on 9/1/18 • Additiona
Slide 19: Q4'18 Income Statement (As Reported)
Q4’18 Income Statement (As Reported) Service revenue Product sales 1,029 237 1,073 273 -4% -13% Interest expense, net Foreign exchange Other (104) 32 (9) (112) (59) - Financial Charges, Net Income Before Tax Net Income (Loss) (81) (40) (70) (171) 23 106 20 Diluted EPS (0.50) 0.39 Net Income (Loss) -
Slide 20: Q4'18 Reconciliation of Non-GAAP Measures
Q4’18 Reconciliation of Non-GAAP Measures International Game Technology PLC Consolidated Statement of Operations Reconciliation of Non-GAAP Financial Measures ($ and shares in thousands, except per share data) Unaudited Adjustments Impairment/ Restructuring Expense Transaction and Refinancing Expens
Slide 21: Q4'18 Reconciliation of Non-GAAP Measures
Q4’18 Reconciliation of Non-GAAP Measures Net income (loss) Provision for/(Benefit from) income taxes Non-operating (income) expenses Depreciation (70) 30 81 121 106 (83) 171 112 Impairment loss Amortization Service revenue amortization Stock-based compensation expense Restructuring expense 119 68 5
Slide 22: FY'18 Income Statement (As Reported)
FY’18 Income Statement (As Reported) Service revenue Product sales 4,046 785 4,137 802 -2% -2% Interest expense, net Foreign exchange Other (417) 129 (55) (449) (444) (33) Financial Charges, Net Income Before Tax Net Income (Loss) (343) 304 115 (926) (977) (948) 23 Diluted EPS (0.10) (5.26) Net Inco
Slide 23: FY'18 Reconciliation of Non-GAAP Measures
FY’18 Reconciliation of Non-GAAP Measures International Game Technology PLC Consolidated Statement of Operations Reconciliation of Non-GAAP Financial Measures ($ and shares in thousands, except per share data) Unaudited Adjustments Impairment/ Restructuring Expense Transaction and Refinancing Expens
Slide 24: FY'18 Reconciliation of Non-GAAP Measures
FY’18 Reconciliation of Non-GAAP Measures Net income (loss) Provision for/(Benefit from) income taxes Non-operating (income) expenses Depreciation Amortization Service revenue amortization 115 189 343 433 272 217 (948) (29) 926 401 401 210 Impairment loss Stock-based compensation expense Restructuri
Slide 25: FY'18 Reconciliation of Non-GAAP Measures
Net income (loss) Provision for/(Benefit from) income taxes Non-operating (income) expenses Depreciation Amortization Service revenue amortization Impairment loss ‘Stock-based compensation expense Restructuring expense Transaction (Income) Expense, Net Non-cash purchase accounting (excluding D&A) Ba
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