Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (May 2025)
27 slides from Ainsworth Game Technology's shareholder meeting presentation, May 28, 2025
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 28 MAY 2025 AINSWORTH GAME TECHNOLOGY LIMITED
Slide 2: Agenda
AGENDA 1. Welcome 2. Introduction of Board of Directors 3. Chairperson’s Address 4. Chief Executive Officer’s Address 5. Conclusion 6. Formal Business 7. Other Business 2
Slide 3: Board of Directors
Board of Directors • Significant scale, footprint and excellent market reputation. • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. ANNUAL GENERAL MEETING 28 MAY 2025 3
Slide 4: Chairperson's Address
CHAIRPERSON’S ADDRESS Presentation by DANNY GLADSTONE
Slide 5: Results Summary
Results Summary • Underlying profit before tax (excluding currency and one-off items) was $23.2m for the 12 months ended December 2024 (“current period”), representing a 44% decrease compared to the 12 months ended 31 December 2023 (“PCP”). • North America continued to perform strongly, contributing
Slide 6: Game Operations
Game Operations with recurring revenues and steady international sales contribution ANNUAL GENERAL MEETING 28 MAY 2025 6
Slide 7: Balance Sheet
Balance Sheet In millions of AUD 31-Dec-24 31-Dec-23 Total assets 438.1 418.4 Net assets 360.6 315.6 Total debt 10.1 0.4 Net cash 9.7 19.4 Debt Ratios 31-Dec-24 31-Dec-23 Debt ratio (Total liabilities / Total assets) 18% 25% Debt to equity ratio (Total liabilities / Total equity) 22% 33% Cash flow t
Slide 8: Ainsworth & Novomatic Scheme of Arrangement
Ainsworth & Novomatic Scheme of Arrangement • On 28th April, Ainsworth announced to the Australian Stock Exchange (ASX) that it had entered into a Scheme Implementation Deed (SID) with its majority shareholder, Novomatic, to acquire 47.1% of the share capital of Ainsworth it does not currently own,
Slide 9: Ainsworth & Novomatic Scheme of Arrangement
Ainsworth & Novomatic Scheme of Arrangement The implementation of the Scheme is subject to limited and customary conditions for a transaction of this nature, including: • relevant approvals from ASIC and ASX; • approval by the requisite majorities of AGI shareholders; • approval by the Federal Court
Slide 10: Ainsworth & Novomatic Scheme of Arrangement
Ainsworth & Novomatic Scheme of Arrangement • AGI shareholders should take no action at this time. • A Scheme Booklet that will contain important information relating to the Scheme, the reasons for the IBC’s recommendation, and the Independent Expert’s report, is expected to be sent to shareholders
Slide 11: Chief Executive Officer's (CEO) Address
CHIEF EXECUTIVE OFFICER’S (CEO) ADDRESS Presentation by HARALD NEUMANN
Slide 12: Profit & Loss Summary
Profit & Loss Summary 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Domestic revenue 39.6 39.8 (0.2) International revenue 224.5 245.1 (20.6) Total revenue 264.1 284.9 (20.8) Gross profit 160.3 175.3 (15.0) EBITDA 58.9 20.1 38
Slide 13: Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA
Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Reconciliation: Profit before tax 33.9 2.6 31.3 Net interest income (1.9) (6.3) 4.4 Depreciation and amortisation 26
Slide 14: Operating Costs
Operating Costs 12 months 12 months 12 months ended ended ended Current period 31 Dec 2024 at pcp 31 Dec 2024 31 Dec 2023 vs PCP constant currency In millions of AUD (Current period) (PCP) basis COGS 103.8 109.6 (5.8) 102.8 Gross profit 160.3 175.3 (15.0) 158.6 Gross profit margin % 61% 62% (1%) 61%
Slide 15: North America
North America 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Revenue 147.0 140.4 6.6 Gross Profit 100.5 94.8 5.7 Segment EBITDA 81.6 77.3 4.3 Segment Profit 68.2 65.0 3.2 Segment Profit (%) 46% 46% 0% Unit Volume (no.) 2,099 2,
Slide 16: Latin America & Europe
Latin America & Europe 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Revenue 66.8 80.1 (13.3) Gross Profit 39.3 50.0 (10.7) Segment EBITDA 29.2 32.3 (3.1) Segment Profit 27.5 33.1 (5.6) Segment Profit (%) 41% 41% (0%) Unit Vol
Slide 17: Asia Pacific (Australia, NZ and Asia)
Asia Pacific (Australia, NZ and Asia) 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Revenue 42.7 48.8 (6.1) Gross Profit 12.9 14.9 (2.0) Segment EBITDA 3.2 4.1 (0.9) Segment Profit 2.7 3.4 (0.7) Segment Profit (%) 6% 7% (1%) U
Slide 18: Online
Online 12 months 12 months ended ended Current period 31 Dec 2024 31 Dec 2023 vs PCP In millions of AUD (Current period) (PCP) Revenue 7.6 15.6 (8.0) Gross Profit 7.6 15.6 (8.0) Segment EBITDA 6.9 14.0 (7.1) Segment Profit 6.9 14.0 (7.1) Segment Profit (%) 91% 90% 1% • The decrease in online revenue
Slide 19: Cash Flow Statement
Cash Flow Statement • Normalising payment of $28.5m to SAT, net cash generated from operating activities is $25.5m. • Increase in net cash generated from financing activities due to net borrowings of $9.4m which occurred in the current period. • Net cash held at reporting date was $9.7m, a decrease
Slide 20: Conclusion
CONCLUSION
Slide 21: Conclusion
Conclusion • North American business continues to progress in both Class II and Class III markets with opportunities pursued for existing and new HHR markets. • Improvements in Latin America expected in second half of 2025 financial year as current import restrictions in Mexico and Argentina are pro
Slide 22: Formal Business
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Slide 23: Financial Statements and Reports
Financial Statements and Reports To receive and consider the Annual Financial Report, including the Director’s and Auditor’s Reports in resect of the financial year ended 31 December 2024. • Significant In attendance is Mr Jason Thorne scale, footprint from Deloitte and excellent Touche Tohmatsu mar
Slide 24: Resolution 1
Resolution 1 Re-election of Ms. Heather Alice Scheibenstock, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, “That Ms. Heather Alice Scheibenstock, whofootprint retiresand in excellent marketwith accordance reputation. Rul
Slide 25: Resolution 2
Resolution 2 Approval of Remuneration Report To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, footprint and excellent market reputation. “That the Remuneration Report for the Company required by section 250R(2) of the Corporations Act
Slide 26: Other Business
OTHER BUSINESS
Slide 27: Ainsworth Game Technology Limited
AINSWORTH GAME TECHNOLOGY LIMITED 10 Holker St, Newington NSW www.agtslots.com
Ainsworth Game Technology — Shareholder Meeting (May 2025) on 6ix