Slide 1: 1Q24 Financial Results
1Q24 Financial Results May 31st, 2024
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations: This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: Chairman's comment on 1Q24
INTRALOT Chairman Sokratis P. Kokkalis, noted: “During 1Q24, the Group completed the refinancing of the 2024 Bonds through the issuance of a Bond traded on the ASE and a Syndicated Loan with five Greek banks, on more favorable terms than those in the international markets. At the same time, the 1Q r
Slide 4: Revenue Overview
Revenue Overview 7.5% 23.3 (27.4%) B2C RoW 50.5 (59.3%) Americas 1Q24 Revenue per 1Q24 Activity Line Revenue per 92.5% (%) Geographical Region B2B/B2G (in €) €85.1m 11.4 (13.3%) Europe €85.1m 12.2% 8.9% VLTs IT Products & Services 22.4% Sports Betting 1Q24 Revenue per Game Type (%) €85.1m 56.5% Lott
Slide 5: Revenue Evolution per Business Activity
Revenue Evolution1 per Business Activity Licensed operations in € million 6.4 89.5 7% Game management 18.3 -4.8 1Q24 -1.0 85.1 22% 1.5 Revenues per Contract Type (€m, %) 71% 60.4 Technology 1Q23 Licensed operations Game management Technology 1Q24 Revenue Evolution Drivers: Licensed operations • Lowe
Slide 6: Consolidated Financial Statements for 1Q24
Consolidated Financial Statements for 1Q24 (in € million) 1Q24 1Q23 % Change LTM Revenue (Turnover) 85.1 89.5 -4.8% 359.7 Technology, Management & Rest Contracts 79.6 79.7 -0.2% 339.4 Licensed Operations (Payout related) 5.6 9.8 -43.1% 20.3 Payout (%)1 61.8% 62.4% - 0.7pps 63.0% GGR 81.7 83.4 -2.0%
Slide 7: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES 1 EBITDA AND EBITDA MARGIN 1 €m €m, % 364 360 37.7% 35.6% 35.0% 35.4% EBITDA Margin on Sales -2.8% -4.8% 129 126 -10.7% 89 85 EBITDA 34 30 2023 LTM 1Q23 1Q24 2023 LTM 1Q23 1Q24 OPERATING CASH FLOW2 AND CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operating CF
Slide 8: Net Debt Movement
Net Debt Movement Net Debt Movement, 1Q24 (in €m) 353.6 333.2 24.0 329.5 11.2 9.8 98.5 24.0 235.5 132.9 1.8 Net Debt, Free Cash Net Interest Loans receipt Loans Capital Restricted Gross Debt Net Debt, Restricted Adjusted Dec 2023 Flow1 payments Issuance payments cash movements Mar 2024 cash Net Debt
Slide 9: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 1Q24 Key Revenue Contributors Key EBITDA Contributors 1Q23 (in €m) (in €m) 40.3 17.8 North America2 North America2 40.9 17.8 7.2 4.7 Europe3 Europe3 6.2 3.4 10.2 2.0 South America South America 17.2 3.5 6.2 4.5 Oceania Oceania 6.2 4.5 17.1 4.5 RoW4 RoW4 15.3 10.0
Slide 10: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS
Slide 11: 1Q24 – Group Income Statement
1Q24 – Group Income Statement (in € million) 1Q24 1Q23 % Change LTM Revenue 85.1 89.5 -4.8% 359.7 Gross Profit 32.9 32.5 1.0% 145.6 Other Operating Income 6.7 7.8 -14.2% 29.3 OPEX (26.9) (22.7) 18.6% (118.3) EBITDA 30.1 33.7 -10.7% 125.8 Margin 35.4% 37.7% - 2.3pps 35.0% Capital Structure Optimizati
Slide 12: 1Q24 – Group Statement Of Financial Position
1Q24 – Group Statement Of Financial Position (in € million) 1Q24 FY23 Tangible Assets (incl. investment properties) 90.4 94.1 Intangible Assets 182.9 182.3 Other Non-current Assets 57.0 56.1 Inventories 30.3 24.4 Trade and Other Short-term Receivables 144.1 119.9 Cash and Cash Equivalents 190.1 111.
Slide 13: 1Q24 – Group Cash Flow
1Q24 – Group Cash Flow (in € million) 1Q24 1Q23 EBT from continuing operations 5.4 10.9 EBT from discontinued operations - - Plus/less adjustments 26.0 24.3 Decrease/(increase) of inventories (5.6) (0.9) Decrease/(increase) of receivable accounts (6.0) 11.3 (Decrease)/increase of payable accounts 7.
Slide 14: intralot
intralot