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 — Q1 2022 Earnings Presentation
29 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 10, 2022
Slide 1: Q1'22 Results
@ IGT QT22 RESULTS Period ended March 31, 2022
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This news release 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: Strategy Update
Slide 4: Strategy to Grow, Innovate, Optimize Delivering Results
Strategy to Grow, Innovate, Optimize Delivering Results GROW Q1’22 revenue up 4%; 7% at constant FX* Above outlook for 2022–2025 mid-single digit revenue CAGR 24% operating income margin exceeds expectations Lottery operating income margin of 37% above 2025 target Adjusted EBITDA* matches prior year
Slide 5: Innovation Fueling Stronger, Multi-year Lottery Growth at Highly Compelling Margins
Innovation Fueling Stronger, Multi-year Lottery Growth at Highly Compelling Margins Q1’22 results confirm long-term, mid-single digit growth outlook Instant ticket same-store sales grew at 7% CAGR from Q1’19 – Q1’22 Distinctive draw game innovation with Cash Pop™ Proprietary game now live with seven
Slide 6: Robust Gaming Growth Fueled by Compelling New Hardware and Games
Robust Gaming Growth Fueled by Compelling New Hardware and Games 40+% revenue growth propelled by higher unit shipments, average selling prices, IP royalties, and active units Accelerating momentum for Peak series cabinets PeakSlant32 - #1 multi-screen slant cabinet (1) PeakSlant49 - #1 portrait sla
Slide 7: Digital & Betting Growth Propelled by New Markets & Customers
Digital & Betting Growth Propelled by New Markets & Customers; Announced iSoftBet Acquisition Advances Key Strategic Initiatives Double-digit revenue growth fueled by strong U.S. iGaming and Sports Betting trends Successful iGaming new market launches West Virginia, Ontario commercial operators iSof
Slide 8: Good Citizenship is in Our DNA
Good Citizenship is in Our DNA Commitment to the Science Based Targets initiative Issued formal Human Rights Policy Statement Perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index Earned “Best Place to Work for LGBTQ+ Equality” designation Named “Best Diversity and In
Slide 9: Q1'22 Reflects Power of Portfolio and Path to Long-Term Goals
Q1’22 Reflects Power of Portfolio and Path to Long-Term Goals Strong Q1’22 results provide confidence in delivering on full-year outlook Margins highlight leaner operating costs and efficiencies Underlying momentum in core businesses supports long-term outlook 2022-2025 targets: mid-single digit rev
Slide 10: Financial Results
FINANCIAL RESULTS Period ended March 31, 2022
Slide 11: Q1'22 Revenue and Profit Aligned with Historic Peak Levels
Q1’22 Revenue and Profit Aligned with Historic Peak Levels; Operating Income Margin Exceeds Expectations Revenue Operating Adjusted Cash From Net Debt* $1,051M Income EBITDA Operations $5,832M In line with outlook $252M $433M $189M vs. $5,922M at 12/31/21 Up 4% vs PY Operating Adjusted Free Cash Net
Slide 12: Q1'22: Revenue Growth Driven by Double-Digit Increases in Gaming and Digital & Betting
Q1’22: Revenue Growth Driven by Double-Digit Increases in Global Gaming and Digital & Betting Segments Consolidated Revenue 1st Quarter Highlights 1,081 78% increase in Global 1,051 1,015 9 47 (30) 47 Gaming product sales 38 (42) 99 228 327 325 Digital & Betting Digital & Betting up 24% Global Gamin
Slide 13: Global Lottery: Sustained Strong Player Demand
Global Lottery: Sustained Strong Player Demand; Highly Resilient Profit Profile As expected, global SSS down 10% Y/Y Higher play levels resulting in multi-year, Operating Revenue mid-single digit global SSS CAGR from 2019 Income $680M $252M Product sales revenue nearly doubles Y/Y Operating income a
Slide 14: Global Gaming: Demand for Innovative Products Drives Revenue and Profit
Global Gaming: Demand for Innovative Products, Continued Market Recovery Drive Significant Increases in Revenue and Profit Shipped over 7,100 units, up 63% Y/Y; ASP rises to $14,200 from $13,800 Operating Highest Q1 unit shipments in Company history Income $52M Executed multi-year patent portfolio l
Slide 15: Digital & Betting: High-Growth Profile on Display
Digital & Betting: High-Growth Profile on Display as Revenue and Profit Continue Upward Trajectory ~55% of revenue growth from new markets and organic growth; ~45% related to lower Revenue jackpot expense $47M Market expansion in Connecticut, strong Record level; up 24% vs PY performance in Michigan
Slide 16: Delivered Solid Cash Flows
Delivered Solid Cash Flows Cash Flows Capital Allocation $189M $115M 16% 28% Cash from Free 15% Operations Cash Flow 41% Minority Payments, net Capital Expenditures Dividends to Shareholders Share Repurchases 16
Slide 17: Manageable Debt Maturity Profile; Leverage at Low End of 2022 Target
Manageable Debt Maturity Profile; Leverage Remains at Low End of 2022 Target Debt Composition Net Debt and Leverage* Total liquidity of $2.3B; $0.6B in unrestricted 18% $5,922 $5,832 cash, $1.7B in additional borrowing capacity Net debt leverage of 3.5x; 2022 target range of 3.5x 3.5x 3.5x – 4.0x Fi
Slide 18: Reaffirming FY'22 Outlook; Introducing Q2'22 Outlook
Reaffirming FY’22 Revenue and Profit Outlook; Introducing Q2’22 Outlook FY’22 Outlook Outlook Assumptions Revenue ~$4.1B - ~$4.3B Mid-single digit Global Lottery SSS CAGR from 2019; lower revenue Y/Y due to benefit from specific items in H1’21 Operating Income 20% - 22% Margin Global Gaming benefits
Slide 19: On Track to Deliver on Near & Medium-Term Commitments
On Track to Deliver on Near & Medium-Term Commitments Executing on Delivered Solid Strategic Improved Capital Returning Capital Q1’22 Results Transactions Structure to Shareholders Revenue up 4%, 7% at Sale of Italy commercial Manageable debt Paid ~$40M in constant fx services; net proceeds maturity
Slide 20: Q&A
@ IGT Q&A
Slide 21: Appendix
@ IGT APPENDIX
Slide 22: Q1'22 Select Performance and KPI Data: Global Lottery
Q1'22 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL LOTTERY Q1'22 Q1'21 Y/Y Change (%) Change (%) Q4'21 Reported (%) Revenue Service Operating and facilities management contracts 599 695 (14)% (11)% 608 (1)% Upfront license fee amortization (49) (52) 7% —% (50) 3% Ope
Slide 23: Q1'22 Select Performance and KPI Data: Global Gaming
Q1'22 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL GAMING Q1'22 Q1'21 Y/Y Change (%) Change (%) Q4'21 Reported (%) Revenue Service Terminal 108 90 20% 20% 109 (2)% Systems, software, and other 58 49 18% 19% 54 7% Total service revenue 165 139 19% 20% 163 1% Product s
Slide 24: Q1'22 Select Performance and KPI Data: Global Gaming (Continued)
Q1'22 Select Performance and KPI Data GLOBAL GAMING (Continued) Q1'22 Q1'21 Y/Y Change (%) Q4'21 Yields (by geography)(1), in absolute $ US & Canada $39.05 $32.27 21% $38.95 Rest of world $5.77 $2.58 124% $5.39 Total yields $28.19 $22.93 23% $28.27 Global machine units sold New/expansion 328 884 (63
Slide 25: Q1'22 Select Performance and KPI Data: Digital & Betting
Q1'22 Select Performance and KPI Data Constant Sequential Currency Change as DIGITAL & BETTING Q1'22 Q1'21 Y/Y Change (%) Change (%) Q4'21 Reported (%) Revenue Service 47 37 27% 27% 41 14% Product sales — 1 (72)% (71)% 1 (51)% Total revenue 47 38 24% 24% 42 13% Operating income 13 7 101% 100% 5 167%
Slide 26: Q1'22 Summarized Income Statement
Q1'22 Summarized Income Statement For the three months ended March 31, Constant Y/Y Change Currency 2022 2021 (%) Change (%) Service revenue 846 901 (6)% (3)% Product sales 205 114 80% 83% Total revenue 1,051 1,015 4% 7% Total operating expenses 799 755 6% 8% Operating income 252 260 (3)% 2% Interes
Slide 27: Summarized Cash Flow Statement
Summarized Cash Flow Statement For the three months ended March 31, 2022 2021 Net cash provided by operating activities 189 251 Capital expenditures (73) (48) Free cash flow 115 204 Net cash used by discontinued operations — (46) Debt proceeds/(repayments), net 21 (206) Repurchases of common stock (
Slide 28: Reconciliations of Non-GAAP Measures - Q1'22
Reconciliations of Non-GAAP Measures - Q1'22 For the three months ended March 31, 2022 Global Global Digital & Business Corporate and Total IGT Lottery Gaming Betting Segment Total Other PLC Income from continuing operations 117 Provision for income taxes 65 Interest expense, net 76 Foreign exchange
Slide 29: Reconciliations of Non-GAAP Measures - Q1'21
Reconciliations of Non-GAAP Measures - Q1'21 For the three months ended March 31, 2021 Global Global Digital & Business Corporate and Total IGT Lottery Gaming Betting Segment Total Other PLC Income from continuing operations 138 Provision for income taxes 148 Interest expense, net 94 Foreign exchang