Aristocrat Leisure Limited · ASX:ALL
Aristocrat Leisure — FY2018 Earnings Presentation
22 slides from Aristocrat Leisure's earnings presentation, Nov 29, 2018
Slide 1: Formatting Error – Revised FY2018 Results Presentation
For personal use only 29 November 2018 Company Announcements Office Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Aristocrat Leisure Limited Formatting Error – Revised FY2018 Results Presentation Aristocrat Leisure Limited (the “Company”) refers to its earli
Slide 2: Results Presentation 12 months to 30 September 2018
Aristocrat Leisure Limited Investor Presentation 29 November 2018 For personal use only Results Presentation 12 months to 30 September 2018
Slide 3: Disclaimer
Disclaimer This document and any oral presentation accompanying it has been prepared in good faith, however, no express or implied representation or warranty is given as to the accuracy or completeness of the For personal use only information in this document, in any accompanying presentation or in
Slide 4: Agenda
Agenda For personal use only 1 Group Results Summary 2 Financial Summary 3 Operational Performance 4 Outlook 5 Results Summary 6 Q&A 7 Appendices
Slide 5: Group Results Summary
Group Results Summary NPATA up 34% to $730m, driven by record North American & ANZ results, as well as a For personal use only transformative and positive contribution from Digital, including new acquisitions Normalised NPATA up 34% to $729.6m A$ million 2018 2017 Change % Normalised results1,2
Slide 6: Design & Development (D&D) Investment
Design & Development (D&D) Investment Aristocrat’s #1 investment priority: D&D underpins our competitiveness and ability to deliver high For personal use only quality content and sustainable profit growth; represents almost half our total employee base D&D spend D&D / Revenue (A$m) (%) 11.4% of Reve
Slide 7: Financial Performance
Financial Performance Multiple sources of growth contributing to sustained operational performance while funding For personal use only increased D&D investment NPATA bridge (A$m)1 Note: 1 Numbers above are reported on a constant currency basis and are tax effected at the prior year tax rate 6
Slide 8: Balance Sheet and Debt Profile
Balance Sheet and Debt Profile Continued strength following funding of Digital acquisitions providing ongoing ability to For personal use only support Aristocrat’s growth strategy Balance Sheet Statistics1,2 Post debt-funding of Plarium, Big Fish A$ million 30 Sep 2018 31 Mar 2018 30 Sep 2017 acqu
Slide 9: Cash Flow
Cash Flow Normalised Operating Cash flow of almost $1 billion achieved net of increased interest and For personal use only tax reflecting ongoing strong cash generating fundamentals Operating Cash Flow A$ million 2018 2017 Change % EBITDA 1,328.6 1,001.2 32.7 Change in net working capital 69.1 (51.9
Slide 10: Movement in Net Debt
Movement in Net Debt Asset-light, high free cash flow generative model provides flexibility to fund future growth For personal use only (A$m) Contractual TLB Term Loan B (TLB) October 2017: Incremental TLB January 2018: Incremental TLB Term Loan B (TLB) debt amortisation: US$15m debt (US$950m) drawi
Slide 11: Operational Performance
For personal use only Operational Performance
Slide 12: Americas
Americas Record result with earnings up 16%; growth in Gaming Operations combined with maintaining For personal use only strong ship share levels in an increasingly competitive Outright Sales market Revenue and profit growth 2018 2017 Change % Summary Profit or Loss Strong performance across Cla
Slide 13: Adjacent market update
Adjacent market update Invest to maintain leadership positions & grow addressable market by entering into adjacent For personal use only segments, close to the core Video Lottery Class II Gaming Class III Gaming Class III Stepper Washington CDS Bar Top Poker Terminal Ops Video Ops Stepper (Outright
Slide 14: Class III - ANZ & International
Class III - ANZ & International Leading market share maintained across key markets For personal use only ANZ 1 ANZ 2018 2017 Change % Summary Profit or Loss Market-leading ship share maintained driven by strong performing game Revenue A$m 455.2 431.6 5 5.5 portfolio and HelixTM cabinet Profit A$m
Slide 15: Digital Summary
Digital Summary Strong performance with a diversified portfolio across social casino and casual games. Digital For personal use only now represents 27% of segment profit Significant lift in performance driven by 2018 2017 Change % continued strength of Product Madness Summary Profit or Loss togeth
Slide 16: Pro-Forma Plarium and Big Fish
Pro-Forma Plarium and Big Fish Integrations largely complete; full year performance demonstrates EBITDA growth of both For personal use only acquisitions; LTM adjusted EBITDA US$140m Integrations largely complete Pro-forma 2018 2017 Change % Plarium Plarium bookings declined 2.1% on Bookings US$
Slide 17: Outlook
Outlook Aristocrat anticipates continued growth in the 2019 fiscal year For personal use only Land-based Outright sales: Expect incremental gains in attractive North American adjacencies, in addition to maintaining market-leading share positions across key for sale segments globally; Land-based
Slide 18: FY2018 Results Summary
FY2018 Results Summary Continued growth in earnings and dividend, driven by strong performance of both existing For personal use only businesses and contribution from strategic Digital acquisitions Record FY 2018 result of A$729.6m (114.1 cps), representing 34% growth A fully franked final divid
Slide 19: Agenda
For personal use only 1 Group Results Summary 2 Financial Summary 3 Operational Performance 4 Outlook 5 Results Summary 6 Q&A 7 Appendices
Slide 20: Appendix - Aristocrat’s Strategy
Appendix - Aristocrat’s Strategy Our operating model supports long-term growth and value creation For personal use only Inputs Outputs Growth enabling business model Brilliant customer and player • Superior talent Portfolio of quality experience • Commitment to innovation businesses • Market-leadi
Slide 21: Divisional Financial Information (statutory)
Appendix Divisional Financial Information (statutory) For personal use only Statutory P&L - Americas Statutory P&L - International A$ million 2018 2017 A$ million 2018 2017 Revenue Revenue Revenue from external customers 1,620.2 1,424.5 Revenue from external customers 210.5 214.7 Acquisition account
Slide 22: Reconciliation of Statutory Financial Statements to Operating and Financial Results
Appendix Reconciliation of Statutory Financial Statements Revenue, EBITDA, NPATA, NPAT to Operating For personal use only and Financial Results (OFR) Non-cash fair value of deferred revenue on acquisition: In accordance with Accounting Standards, this revenue was not recognised by the previous owner