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 — Q2 2025 Earnings Presentation
28 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Jul 29, 2025
Slide 1: Q2 Earnings Report 2025: Period Ended June 30, 2025
Q2 Earnings Report 2025: PERIOD ENDED JUNE 30, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
BRIGHTSTAR EARNINGS REPORT – Q2’252 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 Brightstar Lottery PLC and its consolidated subsidi
Slide 3: Contents
Contents BRIGHTSTAR EARNINGS REPORT – Q2’253 03 Q&A 04 Appendix 01 Strategy Update 02 Financial Results
Slide 4: Strategy Update
01 Strategy Update BRIGHTSTAR EARNINGS REPORT – Q2’254
Slide 5: Introducing Brightstar Lottery: Elevating Lotteries & Inspiring Players
Introducing Brightstar Lottery: Elevating Lotteries & Inspiring Players 01 STRATEGY UPDATE World’s Largest Lottery Operator (based on total combined wagers) Primary Technology Provider to the World’s Largest Lotteries New Name, Same Global Industry Leadership Ticker: BRSL #1 Global iLottery Platform
Slide 6: Recently Accomplished Several Important Milestones
Recently Accomplished Several Important Milestones 01 STRATEGY UPDATE Secured Most Important Operator Contract with 9-year Italy Lotto Award Increasing Shareholder Returns with Balanced Capital Allocation Philosophy Sold Gaming & Digital Business for ~$4B BRIGHTSTAR EARNINGS REPORT – Q2’256
Slide 7: Q2'25: In Line Results Reflect Improved Player Demand
BRIGHTSTAR EARNINGS REPORT – Q2’257 Q2’25: In Line Results Reflect Improved Player Demand Improving Same-store Sales (SSS) Trends Players Responding to Innovative, Higher-priced Games • Secured Italy Lotto through November 2034 • New 8-year Missouri contract includes fully- integrated OMNIATM retail
Slide 8: Delivering Enhanced Shareholder Returns
2,000 600 500 500 400 Debt Reduction Special Dividend Share Repurchases Partial Lotto License General Corporate Purposes $1,100 BRIGHTSTAR EARNINGS REPORT – Q2’258 01 STRATEGY UPDATE Delivering Enhanced Shareholder Returns Allocation of Gaming & Digital Proceeds ($M) $1.1B of Gaming & Digital sale p
Slide 9: The Future is Brightstar
BRIGHTSTAR EARNINGS REPORT – Q2’259 01 STRATEGY UPDATE The Future is Brightstar Global Leadership in Large, Growing Industry Growing, Resilient Business with High Contractual Recurring Revenue Significant Tailwind from Broader iLottery Adoption Attractive Profit Profile & Strong, Predictable Cash Fl
Slide 10: Financial Results
02 Financial Results BRIGHTSTAR EARNINGS REPORT – Q2’2510
Slide 11: Summary of Q2'25 Financial Results
02 FINANCIAL RESULTS Summary of Q2’25 Financial Results BRIGHTSTAR EARNINGS REPORT – Q2’2511 Note: EUR/USD FX daily average 1.13 in Q2’25, 1.08 in Q2’24, 1.09 YTD Q2’25, 1.08 YTD Q2’24 Amounts in millions unless otherwise noted *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the m
Slide 12: Instant Ticket & Draw SSS Growth Across Geographies
Instant Ticket & Draw SSS Growth Across Geographies Increased Product Sales in Q2’25; MSJP/LMA Dynamics Persist BRIGHTSTAR EARNINGS REPORT – Q2’2512 02 FINANCIAL RESULTS Revenue 306 294 293 234 243 259 72 74 79 Q2’24 Instant Ticket & Draw U.S. Multi-state Jackpots Other Service & Upfront License Fee
Slide 13: Resilient Q2'25 Profit Despite Incremental Investments
RevenueRevenue Income/(Loss) from Continuing Operations Adjusted EBITDA Resilient Q2’25 Profit Despite Incremental Investments in the Business, Excluding MSJP/LMA Impacts 02 FINANCIAL RESULTS BRIGHTSTAR EARNINGS REPORT – Q2’2513 Amounts in $ millions, unless otherwise noted 290 262 274 -26 Q2’24 Ser
Slide 14: Solid Financial Condition Backed by Strong YTD Cash Generation
Solid Financial Condition Backed by Strong YTD Cash Generation & Significant Liquidity BRIGHTSTAR EARNINGS REPORT – Q2’2514 02 FINANCIAL RESULTS Note: cash flow results reflect continuing operations *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP
Slide 15: Expanding OPtiMa 3.0 Cost Reduction Program
Expanding OPtiMa 3.0 Cost Reduction Program BRIGHTSTAR EARNINGS REPORT – Q2’2515 02 FINANCIAL RESULTS OPtiMa 3.0 structural cost reduction raised to $50M in annual savings by end FY’26 Right-sizing to align with smaller scope post Gaming & Digital sale → ~$20M restructuring expense recognized in Q2’
Slide 16: Delivering Enhanced Shareholder Returns on Several Dimensions
BRIGHTSTAR EARNINGS REPORT – Q2’2516 Delivering Enhanced Shareholder Returns on Several Dimensions $3.00/sh Special Dividend 02 FINANCIAL RESULTS $250M ASR Is Company’s largest buyback ever Expect favorable classification of special dividend as return of capital for U.S. shareholders $500M share rep
Slide 17: FY'25 Outlook
17 02 FINANCIAL RESULTS *A reconciliation of our forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort. This is due to the inherent difficulty of accurately forecasting the occurrence and financial impact of
Slide 18: Bright Future Ahead for Pure Play Lottery Business
BRIGHTSTAR EARNINGS REPORT – Q2’2518 02 FINANCIAL RESULTS Bright Future Ahead for Pure Play Lottery Business Balanced Capital Allocation with Ongoing Enhanced Shareholder Returns Growing, Resilient Business with Strong Profit and Cash Flow Profile Continued Focus on Structural Cost Reduction Global
Slide 19: Q&A
03 Q&A BRIGHTSTAR EARNINGS REPORT – Q219
Slide 20: Appendix
04 Appendix BRIGHTSTAR EARNINGS REPORT – Q2’2520
Slide 21: Q2'25 H1'25 Revenue & Profit Profile
21 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q2’25 H1’25 Revenue & Profit Profile 94% 6% Service Product Sales 45% 42% 13% U.S. & Canada Italy Rest of world 97% 3% Instant Ticket & Draw U.S. Multi-state Jackpots -4% 23% 43% Income from continuing operations Operating income Adjusted EBITDA Revenue by
Slide 22: Q2'25 Select Performance and KPI Data
Q2'25 Select Performance and KPI Data $ in millions except otherwise noted For the three months ended June 30, Constant 2025 2024 Y/Y Change Currency Change Revenue Service Instant ticket & draw wager-based revenue 516 487 6% 2% U.S. multi-state jackpot wager-based revenue 15 23 (35)% (35)% Upfront
Slide 23: Q2'25 Select Performance and KPI Data
Q2'25 Select Performance and KPI Data (1) Same-store sales represent the change in wagers recorded in lottery jurisdictions where Brightstar is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods (2) Same-store revenue re
Slide 24: Summarized Income Statements
Summarized Income Statements $ in millions except otherwise noted All amounts from continuing operations For the three months ended June 30, For the six months ended June 30, 2025 2024 Y/Y Change 2025 2024 Y/Y Change Service revenue 588 586 —% 1,146 1,205 (5)% Product sales 42 27 59% 68 69 (1)% Tota
Slide 25: Summarized Cash Flow Statements
Summarized Cash Flow Statements $ in millions For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 Net cash provided by operating activities from continuing operations 265 250 433 315 Capital expenditures (98) (40) (174) (74) Free Cash Flow 167 210 259 241 Cash f
Slide 26: Reconciliation of Non-GAAP Financial Measures
$ in millions (1) Includes amortization of upfront license fees Reconciliation of Non-GAAP Financial Measures For the three months ended June 30, For the six months ended June 30, 2025 2024 2025 2024 (Loss) income from continuing operations (60) 84 (52) 200 Provision for income taxes 50 43 97 100 In
Slide 27: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures All amounts presented are in $ (1) Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction (2) Includes the dilutive impact of share-based payment awards BRIGHTSTAR Earnings
Slide 28: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures All amounts presented are in $ (1) Calculated based on nature of item, including any realizable deductions, and statutory tax rate in effect for the relevant jurisdiction (2) Includes the dilutive impact of share-based payment awards BRIGHTSTAR Earnings