Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (November 2018)
22 slides from Ainsworth Game Technology's shareholder meeting presentation, Nov 27, 2018
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Slide 2: Agenda
Agenda • Welcome • Chairman’s Address • Chief Executive Officer’s Address • Annual General Meeting 2
Slide 3: Chairman's Address
Chairman’s Address Presentation by Graeme Campbell 3
Slide 4: 2018 Financial Highlights
2018 Financial Highlights FY18 results: • Revenue is $266m and NPAT is $32m • Adjusted PBT is $39.5m Strong 2H18 recovery: • 2H adjusted PBT is $28m, 155% increase on the $11m in 1HFY18, excluding $5m of gains from non-recurring one-off items Continued growth in international footprint: • Internatio
Slide 5: Strategy to expand international footprint and higher quality earnings delivering results
Strategy to expand international footprint and higher quality earnings delivering results 5
Slide 6: 2018 Financial Highlights (continued)
2018 Financial Highlights (continued) • Strong cash flow – cash from operating activities increased to $18m(+$13m from pcp) resulting in cash balance of $36m • Final dividend declared – 2.5 cents per share fully franked • FY18 total dividend declared – 4.0 cents per share fully franked 6
Slide 7: Chief Executive Officer's Address
Chief Executive Officer’s Address Presentation by Danny Gladstone 7
Slide 8: Profit and Loss Summary
2018 AGM PRESENTATION Serene Profit and Loss Summary 12 months to 12 months to oan 30Jun-2018 30-Jun-2017 Change (%) Domestic revenue 63.6 741 (14%) International revenue 202.0 208.0 (3%) Total revenue 265.6 282.1 (6%) Gross profit 156.6 170.0 (8%) EBITDA 68.0 70.3 (3%) PBT 42.3 46.9 (10%) Income ta
Slide 9: Operating Costs Staff Headcount
Operating Costs 12 months to 12 months to Change A$m 30-Jun-2018 30-Jun-2017 % Sales, service and marketing ('SSM') 59.6 52.1 14% R&D 34.4 34.2 1% Administration 23.3 26.2 (11%) Total Operating costs 117.3 112.5 4% Staff Headcount Australia and Rest of the World Americas # Staff FY18 FY17 # Staff FY
Slide 10: Balance Sheet
Balance Sheet A$m 30-Jun-18 30-Jun-17 Cash 35.7 21.1 Receivables 153.5 128.6 Other Current Assets 84.8 87.3 Total Current Assets 274.0 237.0 Non-Current Receivables 39.3 39.9 Deferred Tax Assets 5.0 4.7 Other Non-Current Assets 188.0 183.1 Total Non-Current Assets 232.3 227.7 Payables 37.5 33.0 Loan
Slide 11: Segment Results - North America
Segment Results - North America • Slight revenue growth driven by strong ASP and increased win per day on route A$m 12 months to 12 months to Change (%) 30-Jun-2018 30-Jun-2017 • 900 Historical Horse Racing units Revenue 105.7 101.4 4% delivered to Churchill Downs Segment Profit 40.7 44.6 (9%) Segme
Slide 12: Segment Results - Latin America
Segment Results - Latin America • Solid growth in gaming operations A$m 12 months to 12 months to Change (%) 30-Jun-2018 30-Jun-2017 installing 1,600 new units. Converted Revenue 78.7 78.5 - to sale 900 existing units for a net Segment Profit 30.6 37.7 (19%) install base increase of 23% Segment Prof
Slide 13: Segment Results - Australia
Segment Results - Australia • Successful launch of EVO cabinet 12 months to 12 months to A$m Change (%) and Golden CashTM game series 30-Jun-2018 30-Jun-2017 driving improvement in market Revenue 63.6 74.1 (14%) share. NSW share increased to Segment Profit 19.4 24.0 (19%) 15% in June, more than twic
Slide 14: Segment Results – Rest of the World
Segment Results – Rest of the World 12 months to 12 months to • Revenue drop due to lower Asia, NZ A$m 30-Jun-2018 30-Jun-2017 Change (%) and Europe sales compared to pcp Revenue 17.6 28.1 (37%) Segment Profit 10.4 15.0 (31%) • Online contributed $4.1m in Segment Profit (%) 59% 53% 6% revenue, +15%
Slide 15: Outlook
Outlook • Continued focus on execution of strategies : increase international profitability and higher quality earnings to deliver long term returns for shareholders • Ongoing commitment to investing in new technologies, product development and game performance to enhance AGT’s competitiveness and c
Slide 16: Financial Statements and Reports
Financial Statements and Reports To receive and consider the Annual Financial Report including the Directors’ and Auditor’s Reports in respect of the financial year ended 30 June 2018. 16
Slide 17: Resolution
Resolution 1 Re-election of Mr Michael Bruce Yates, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Michael Bruce Yates, who retires in accordance with Rule 7.1(f) of the Company Constitution and ASX Listing Rule 14.4, and being eligi
Slide 18: Resolution
Resolution 2 Re-election of Ms Heather Alice Scheibenstock, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Heather Alice Scheibenstock, who retires in accordance with Rule 7.1(f) of the Company Constitution and ASX Listing Rule 14.4,
Slide 19: Resolution
Resolution 3 Approval of Remuneration Report To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That the Remuneration Report for the Company required by section 250R(2) of the Corporations Act 2001 (Cth), which is included in the Directors’ Report in respec
Slide 20: Resolution
Resolution 4 Conditional Spill Resolution “That, subject to and conditional on at least 25% of the votes cast on Resolution 3 being cast against the Remuneration Report: THE PROXIES HELD ON THE ABOVE RESOLUTION ARE AS FOLLOWS: FOR 18,792,508 6.67% AGAINST 263,116,781 93.33% Included above are 477,14
Slide 21: Other Business
2018 AGM PRESENTATION NSWORTH EXPERIENCE COUNTS: OTHER BUSINESS
Slide 22: Ainsworth Game Technology contact details
NSWORTH EXPERIENCE COUNTS” AINSWORTH GAME TECHNOLOGY ABN: 37 068 516 665 10 Holker Street, Newington New South Wales, Australia 2127 T. +612 9739 8000 F. +61 2 9648 4327 www.agtslots.com.au 22
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