Light & Wonder, Inc. · ASX:LNW
Light & Wonder — Scientific Games — Q2 2013 Earnings Presentation
9 slides from Light & Wonder's earnings presentation, Aug 8, 2013
Slide 1: Scientific Games Second Quarter 2013 Earnings Presentation
Scientific Games Second Quarter 2013 Earnings Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Throughout this presentation the Company makes “forward - looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward - looking statements describe future expectations, plans, results or strategies and can often be ident ified
Slide 3: Summary of Q2 Results
3 (1) Attributable EBITDA, as used herein, is based on the definition of "consolidated EBITDA" in our credit agreement (summarized in our August 8, 2013 press release), except that attributable EBITDA as used herein includes our share of the EBITDA of all of our equity investments (whereas "consolid
Slide 4: Q2'13 Key Performance Indicators
(7.5%) (17.6%) (14.9%) (12.5%) (7.6%) Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q2’13 Key Performance Indicators U.S. Lottery Customers’ Retail Sales Y/Y Δ China Sports Lottery Instant Ticket Retail Sales Y/Y Δ Italy Instant Ticket Retail Sales Y/Y Δ Global Draw U.K. Betting Shop Performance Y/Y Δ Terminals 18,
Slide 5: New Contracts and Contract Extensions
New Contracts and Contract Extensions 5 Commence Customer Term/Type of Contract Date Term/Extension Additional Information New Contracts HRADF (Greece) Management of instant ticket lotteries N/A 12-yr / none $5.6B 2011 total lottery sales (1)* Hungarian State Lottery Terminal sales and systems N/A D
Slide 6: Printed Products
Printed Products ($ in millions) 6 ▪ Revenue growth in price per thousand customers primarily driven by sales to our customer in Italy ▪ Growth in percentage of sales customers principally reflects higher sales in Florida, Georgia and the U.K ▪ Decrease in depreciation and amortization and employee
Slide 7: Lottery Systems
Lottery Systems ($ in millions) 7 ▪ Equipment sales revenue growth primarily represents sales to international customers ▪ Increase in service revenue principally reflects the benefit of a record $591 million Powerball ® jackpot during the quarter ▪ Increase in D&A principally due to new hardware de
Slide 8: Gaming
Gaming ($ in millions) 8 ▪ Results also reflect increased revenue from U.K. LBO customers, growth in the interactive business and the acquisition of ADS in 2012 ▪ Decrease in SG&A primarily reflects lower accounts receivable reserves ▪ Increase in D&A reflects a write - down of used gaming terminals
Slide 9: Earnings Analysis Second Quarter 2013
Earnings Analysis 9 Second Quarter 2013 2012 ($ in millions, except for EPS) Credit Agreement Adjustments: Description Segment Income Statement Line Impacted Non-cash stock-based compensation expenses Non-cash compensation expense related to issuance of stock options and restricted stock units All S