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Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025 — International Game Technology — Q2 2015 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, Aug 11, 2015
Slide 1: 2015 Second Quarter Results
2015 Second Quarter Results Ended June 30, 2015 August 11, 2015
Slide 2: Agenda
8/11/2015 2 Agenda Marco Sala, CEO, International Game Technology PLC Strategic Update 1 Alberto Fornaro, CFO, International Game Technology PLC Q2’15 Results 2 Q&A 3
Slide 3: Cautionary Statement Regarding Forward-Looking Statements
8/11/2015 3 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 IGT and other matters. These statements may discuss goals, intentions and e
Slide 4: Comparability of Results
8/11/2015 4 Comparability of Results All figures in this presentation are prepared under U.S. GAAP, unless noted otherwise. As a result of the combination of GTECH S.p.A. (“GTECH”) and International Game Technology (“legacy IGT”) that was completed on April 7, 2015, a number of items affect the comp
Slide 5: Strategic Update
STRATEGIC UPDATE
Slide 6: Strategic Update
8/11/2015 6 Strategic Update First report as combined entity Pro forma results demonstrate stability Strong global lottery growth Same-store revenue New wins and extensions Improved gaming trends Healthy global demand for new IGT cabinets Several high-performing games driving improved productivity I
Slide 7: 2015 Second Quarter Financial Results
2015 SECOND QUARTER FINANCIAL RESULTS
Slide 8: Q2'15 Financial Highlights (As Reported)
8/11/2015 8 Operating Income $ M Q2’15 Financial Highlights (As Reported) Adjusted EBITDA Net Debt As adjusted results remove impact of purchase price amortization, restructuring expense and transaction expense (see appendix for details) Revenue 171 116 198 275 Q2'14 Q2'15 Q2'14 As Adjusted Q2'15 As
Slide 9: Q2'15 Financial Highlights (Pro Forma)
8/11/2015 9 Revenue Adjusted Operating Income Q2’15 Financial Highlights (Pro Forma) Adjusted EBITDA Diluted EPS $ M except EPS As adjusted results remove impact of purchase price amortization, restructuring expense and transaction expense (see appendix for details)
Slide 10: Q2'15 Revenue & Operating Income
8/11/2015 10 Q2’15 Revenue & Operating Income $ M Pro Forma Revenue Pro Forma Adjusted Operating Income Strong lottery and gaming product sales Lower service revenue due to contraction in installed base and higher taxes in Italy Expected decline in intellectual property revenue Favorable comparison
Slide 11: Q2'15 Consolidated Pro Forma KPIs
8/11/2015 11 Q2’15 Consolidated Pro Forma KPIs Global Installed Base Global Units Sold Note: Q2’15 information reflects units shipped. Prior periods reflect the combined reporting methodologies of the legacy companies: units recognized for legacy IGT and units shipped for GTECH.
Slide 12: Q2'15 North America Gaming & Interactive Highlights
8/11/2015 12 Lower installed base partially offset by improved yields New titles (Quartermania®, Gong Xi Fa Cai™) performing well out of the gate; The Ellen DeGeneres Show™ Video Slots and Wheel of Fortune® Slots franchises remain robust Strong product sales (6,218 units) across new/expansion and re
Slide 13: Q2'15 North America Lottery Highlights
8/11/2015 13 6% lottery same-store revenue growth supported by broad-based strength in instants and draw games Record month for instant ticket production in June; compelling product innovation driving growth Decline in product sales reflects challenging comparisons with large system (Atlantic Lotter
Slide 14: Q2'15 International Highlights
8/11/2015 14 17% growth in constant currency Strong product sales (3,929 units) includes unit growth in Latin America, Europe and South Africa, in addition to higher average selling prices 8% increase in lottery same-store revenue driven by instant tickets in most regions and continued jackpot growt
Slide 15: Q2'15 Italy Highlights
8/11/2015 15 Revenue down 4% in constant currency, primarily attributable to Stability Law impact Sustained, double-digit growth in Lotto wagers supported by strong 10eLotto performance Expect RFP for Lotto concession to be tendered soon Machine gaming performance in line with prior year excluding S
Slide 16: H1'15 Cash Flow Statement
8/11/2015 17 H1’15 Cash Flow Statement $ M Approximately $150 million in one-time, transaction-related items Large Illinois receivable paid in July Excludes $57 million in free cash flow from legacy IGT in the first calendar quarter of 2015 H1’15 Free Cash Flow Impacts Cash Flow H1'15 Net Cash Flows
Slide 17: 2015 Financial Outlook
Integration Update $230 million in cost synergies on track Expect to achieve two-thirds of savings on annualized basis in first twelve months Working to accelerate timing Outlook 2015 pro forma adjusted EBITDA of $1.575-$1.675 billion, inclusive of significant FX headwind of approximately $200 milli
Slide 18: Q & A
Q & A
Slide 19: Appendix
APPENDIX
Slide 20: Q2'15 Reconciliation of Adjusted EBITDA
8/11/2015 21 Q2’15 Reconciliation of Adjusted EBITDA $ M % Q2'15 Q2'14 Change Operating Income 116 171 -32% Depreciation 93 76 Amortization 119 37 Transaction Expense, Net 32 3 Service Revenue Amortization 27 33 Non-Cash Purchase Accounting (excluding D&A) 19 - Restructuring Expense 16 4 Stock Compe
Slide 21: Q2'15 Reconciliation of Non-GAAP Measures
8/11/2015 22 Q2’15 Reconciliation of Non-GAAP Measures $ M * Excludes impact of purchase price amortization * Operating Income Net Inc. Q2'15 Q2'14 Change Q2'15 As Reported 116 171 (55) (117) Pre-Tax Adjustments: Purchase Accounting 111 20 91 118 Transaction Expense, Net 32 3 29 32 Restructuring Exp
Slide 22: Q2'15 KPIs – Consolidated
8/11/2015 23 Q2’15 KPIs – Consolidated Periods Ended June 30 2015 2014 % change 2015 2014 % change Installed base (end of period) Casino 35,332 41,437 -14.7% 35,332 41,437 -14.7% VLT - Government Sponsored (ex-Italy) 16,515 16,733 -1.3% 16,515 16,733 -1.3% VLT - Italy Supplier (B2B) 8,465 8,202 3.2%
Slide 23: Q2'15 KPIs – North America
8/11/2015 24 Q2’15 KPIs – North America Periods Ended June 30 2015 2014 % change 2015 2014 % change Installed base (end of period) 41,781 45,673 -8.5% 41,781 45,673 -8.5% Machine units shipped New/Expansion 974 2,047 -52.4% 1,303 4,713 -72.4% Replacement 5,244 3,169 65.5% 10,156 7,558 34.4% Total ma
Slide 24: Q2'15 KPIs - International
8/11/2015 25 Q2’15 KPIs - International Periods Ended June 30 2015 2014 % change 2015 2014 % change Installed base (end of period) 10,066 12,497 -19.5% 10,066 12,497 -19.5% Machine units shipped New/Expansion 1,213 447 171.4% 1,479 1,146 29.1% Replacement 2,716 3,738 -27.3% 4,037 5,823 -30.7% Total
Slide 25: Q2'15 KPIs - Italy
8/11/2015 26 Q2’15 KPIs - Italy Periods Ended June 30 2015 2014 % change 2015 2014 % change (In € millions, except machines) Lottery Lotto wagers 1,728 1,560 10.7% 3,545 3,129 13.3% 10eLotto 1,056 822 28.5% 2,130 1,645 29.5% Core 566 613 -7.7% 1,204 1,299 -7.3% Late Numbers 106 125 -15.5% 210 184 14
International Game Technology — Q2 2015 Earnings Presentation on 6ix