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 2025 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, May 13, 2025
Slide 1: First Quarter 2025 Results
eCeoweRsd @ IGT LOTTERY SMEG 2025 riRST QUARTER RESULTS Period ended March 31, 2025 SF IGT.
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
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 International Game Technology PLC and its consolidated subsidiaries (the “Company”) and
Slide 3: Strategy Update
STRATEGY UPDATE
Slide 4: Q1'25 Results Confirm Sustained Player Demand for Instants & Draw Games
Q1’25 Results Confirm Sustained Player Demand for Instants & Draw Games Y/Y comparisons reflect U.S. MSJP/LMA impacts & calendar shifts Global instant ticket & draw game same-store sales up 1.4%, normalized for calendar shifts(1) Significantly lower U.S. multi-state jackpot sales and associated LMA
Slide 5: Game Innovation Drives Underlying Growth in Same-store Sales for Instants & Draw Games
Game Innovation Drives Underlying Growth in Same-store Sales for Instants & Draw Games Same-store Sales (SSS) Q1’25 as Reported Normalized(1) Instants & Draw SSS Gross Wagers* by Game Type U.S. (6.9%) Global 1.4% 27,229 26,052 Instants & Draw (1.3%) Multi-state Jackpots (46.1%) U.S. Multi-state U.S.
Slide 6: Good Progress in Key Areas of Strategic Focus to Drive Sustainable Long-term Growth
Good Progress in Key Areas of Strategic Focus to Drive Sustainable Long-term Growth Product Innovation Expanding Retail Touch Points & POS Network Optimization FPO Growing Instant Ticket Services Increasing iLottery Adoption 6
Slide 7: Lottery Sales Historically Resilient in Times of Macroeconomic Uncertainty
Lottery Sales Historically Resilient in Times of Macroeconomic Uncertainty March 2001– Sep 2001 March 2008–June 2009 March 2020– June 2020 100 80 U.S. Lottery 60 Industry 40 Sales ($B) 20 0 Instant Other Draw Keno Multi-state Games Recession June 2001 - Dec 2001 June 2003 – Sep 2003 June 2008 - June
Slide 8: Important Milestones on the Horizon
Important Milestones on the Horizon Capital Allocation Gaming & Digital Sale Strategy to be Italy Lotto Tender on Track for Communicated Process Underway Q3’25 Closing Post-Lotto Outcome & Around Gaming & Digital Closing 8
Slide 9: Financial Results
FINANCIAL Se) RESULTS 9d
Slide 10: Q1'25 Profit In Line with Expectations
Q1’25 Profit In Line with Expectations Lottery business demonstrated profit resilience vs. outlook despite lower-than-expected revenue from incremental MSJP/LMA headwinds & shift in product sales timing within the year Note: EUR/USD FX daily average 1.05 in Q1’25, 1.09 in Q1’24 Amounts in millions u
Slide 11: Calendar Shifts & Expected U.S. MSJP/LMA Dynamics Mask Underlying Resilient Trends
Calendar Shifts & Expected U.S. MSJP/LMA Dynamics Mask Underlying Resilient Trends for Instants & Draw Games Revenue +$4M net of 661 calendar shifts -14 -31 -15 -12 85 -5 595 583 U.S. MSJP & LMA incentive revenue 82 Calendar shifts 79 RoW highly dependent on timing of very account for -$9M large jac
Slide 12: Profit Performance As Expected; U.S. MSJP/LMA & Product Sales Mix Impact Y/Y Comparison
Profit Performance As Expected; U.S. MSJP/LMA & Product Sales Mix Impact Y/Y Comparison Income from Continuing Operations Adjusted EBITDA 327 -51 -13 -6 -2 -6 256 250 -41 U.S. Higher MSJP & volume & LMA margin mix in PY Q1’25 includes incremental investments to drive 116 -80 Non-cash long-term, sust
Slide 13: Strong Cash Generation; Ample Liquidity to Fund Lotto License Fee
Strong Cash Generation; Ample Liquidity to Fund Lotto License Fee Proactive issuance of €1B Term Loan €500M drawn & used for repayment of borrowings under credit facilities $168M $76M $92M €500M committed but undrawn; to be utilized if awarded Italy Lotto CapEx Cash from Operations Free Cash Flow* l
Slide 14: FY'25 Outlook
FY’25 Outlook Moving revenue & Adjusted EBITDA outlook to low end of Revenue ~$2.55B previous ranges given lower U.S. multi-state jackpot activity & current worsening macroeconomic environment Adjusted EBITDA* ~$1.10B Revenue and Adjusted EBITDA reflect flow-through of U.S. MSJP/LMA impacts in H1’25
Slide 15: Well-positioned for Future; Strong Financial Profile & Historically Resilient Business Model
Well-positioned for Future; Strong Financial Profile & Historically Resilient Business Model Growth & Resilience of Investing in the Future Strong Balance Sheet Player Demand to Drive Sustainable & Ample Liquidity for Instant Ticket Long-term Growth & Draw Games 15
Slide 16: eae (o*)
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Slide 17: Appendix
APPENDIX
Slide 18: U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits
U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits U.S. Multi-state Jackpots Over $1B ($ billion) Revenue & profit from U.S. multi-state jackpot Powerball Mega Millions sales is recognized in “real time” 1.9 LMA contracts provide for potential incentives or 1.8 penalties bas
Slide 19: FY'24 Revenue & Profit Profile – Continuing Operations
FY’24 Revenue & Profit Profile – Continuing Operations Wager-based Revenue Revenue by Type Revenue by Geography by Game Type Profit Margins 5% 47% 6% 13% 49% 27% 94% 38% 95% 11% Service Product Sales U.S. & Canada Italy Rest of world Instant Ticket & Draw U.S. Multi-state Jackpots Income from contin
Slide 20: Q1'25 Select Performance and KPI Data
Q1'25 Select Performance and KPI Data For the three months ended March 31, Constant Q1'25 Q1'24 Y/Y Change Currency Change Revenue Service Instant ticket & draw wager-based revenue 500 514 (3)% (1)% U.S. multi-state jackpot wager-based revenue 17 31 (46)% (46)% Upfront license fee amortization (48)
Slide 21: Q1'25 Select Performance and KPI Data
Q1'25 Select Performance and KPI Data Same-store revenue growth (%) at constant currency (SSS Q1'25 Constant Q1'24 Constant growth plus impact of contract mix) (1) Currency Change Currency Change Global Instant ticket & draw games (0.7)% 1.5% U.S. multi-state jackpots (46.4)% (0.9)% Total (3.3)% 1.4
Slide 22: Q1'25 Summarized Income Statement
Q1'25 Summarized Income Statement All amounts from continuing operations For the three months ended March 31, Q1'25 Q1'24 Y/Y Change Service revenue 557 619 (10)% Product sales 26 42 (39)% Total revenue 583 661 (12)% Total operating expenses 445 443 —% Operating income 138 219 (37)% Interest expense
Slide 23: Q1'25 Summarized Cash Flow Statement
Q1'25 Summarized Cash Flow Statement For the three months ended March 31, 2025 2024 Net cash provided by operating activities from continuing operations 168 65 Capital expenditures (76) (35) Free Cash Flow 92 30 Cash flow provided by discontinued operations (116) — Debt Proceeds / (Repayment), Net 2
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures For the three months ended March 31, 2025 2024 Income from continuing operations 8 116 Provision for income taxes 48 57 Interest expense, net 46 53 Foreign exchange loss (gain), net 33 (11) Other non-operating expense, net 4 4 Operating income 138 219 De
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures For the three months ended March 31, For the three months ended March 31, All amounts from continuing operations 2025 2024 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributa