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 — Q4 2021 Earnings Presentation
36 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Mar 1, 2022
Slide 1: 2021 Fourth Quarter and Full Year Results
International Game Technology PLC 2021 Fourth Quarter and Full Year Results Period ended December 31, 2021 March 1, 2022 1
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: Business Update
Business Update 3
Slide 4: 2021: Achieved/Exceeded All Financial Goals During A Year of Important Strategic Progress
2021: Achieved/Exceeded All Financial Goals During A Year of Important Strategic Progress 2021 Financial Goals 2021 Actual Achievement Progress on Key Strategic Initiatives Revenue $4.1B $4.1B Sustained investment in innovation driving strong growth across all verticals Operating Income ~$900M $902M
Slide 5: Marco Sala
Marco Sala Executive Chair, IGT PLC 5
Slide 6: Vince Sadusky
Vince Sadusky CEO, IGT PLC 6
Slide 7: Well-Positioned to Create Value for All Stakeholders with Focused Strategy
Well-Positioned to Create Value for All Stakeholders with Focused Strategy to Grow, Innovate, and Optimize Global leadership in large, regulated gaming markets with secular tailwinds and accelerating digital growth Set aggressive but achievable multi-year financial goals(1) ◦ Mid-single digit organi
Slide 8: Maximizing the Power of the Portfolio
Maximizing the Power of the Portfolio Diverse and resilient ◦ Aligned with attractive end-markets ◦ Creates a natural hedge against variability across segments Unique and sustainable competitive advantages Content and technology synergies, cross-selling, and operational efficiencies provide compelli
Slide 9: Global Lottery: Strong Performance and Outlook
Global Lottery: Strong Performance and Outlook on Accelerated Growth and Emerging, Incremental Opportunities Global same-store sales up 20+% vs. 2020 and 2019; impressive operating leverage in business ◦ Consolidating higher baseline play levels ◦ Strong performance across games ◦ Operating income g
Slide 10: Global Gaming: Focused Product Strategies, Market Recovery
Global Gaming: Focused Product Strategies, Market Recovery Enhanced by Structural Margin Improvement Initiatives Strong rebound in full-year sales and profits; continued, sequential improvement in Q4’21 period ◦ Significant improvement in unit sales ◦ Stability in casino installed base ◦ Important c
Slide 11: Digital & Betting: Building the Foundation for High Growth
Digital & Betting: Building the Foundation for High Growth and Value Creation Vitality of IGT’s solutions evident in 35% revenue CAGR for 2019-2021 period Investing to bolster leadership positions ◦ Increasing investment in talent and R&D to drive growth ◦ Significant increase in new proprietary tit
Slide 12: Maintaining 2022 Outlook Range with Clearly Defined Initiatives
Maintaining 2022 Outlook Range with Clearly Defined Initiatives to Mitigate Near-Term Market Dynamics 2022 Headwinds 2022 Tailwinds/Mitigating Actions Omicron impact on Italy lottery sales and casino COVID-related impacts on lottery sales have proved to closures/restrictions worldwide be short-lived
Slide 13: Financial Results
Financial Results 13
Slide 14: Q4'21: Significant Revenue and Profit Growth Y/Y and Compared to 2019
Q4'21: Significant Revenue and Profit Growth Y/Y and Compared to 2019 Q4'21 Revenue Operating Income Adjusted EBITDA Cash Flow Cash from operations 1,044 1,050 Free Cash Flow 885 Includes $99M in non-cash goodwill 396 impairment 365 387 326 charges 295 278 186 251 96 186 201 40 Q4'19 Q4'20 Q4'21 Q4'
Slide 15: FY'21: Robust Cash Flows Driven by Growth Across Segments
FY'21: Robust Cash Flows Driven by Growth Across Segments and Strong Operating Leverage FY'21 Revenue Operating Income Adjusted EBITDA Cash Flow Cash from operations 4,032 4,089 Free Cash Flow 3,115 Includes $296M in non-cash 1,686 goodwill impairment charge in 1,454 1,010 907 2020; $99M in 2019 902
Slide 16: Global Lottery: Record Financial Results Achieved in 2021
Global Lottery: Record Financial Results Achieved in 2021 549 51 1 2,765 47 2,812 Exceptional 20%+ global SSS growth Revenue 2,164 compared to PY and 2019 • Lottery service up on increased player Operating Income Margin 30% 39% demand across games • ~$165M benefit from some discrete items in 2020 Lo
Slide 17: Global Gaming: Innovation and Market Rebound Drive Revenue and Profit Recovery
Global Gaming: Innovation and Market Rebound Drive Significant Revenue and Profit Recovery 130 1,104 8 1,112 837 125 20 (8) Meaningful Y/Y increase in revenue and profit Revenue in 2021 • Terminal service primarily driven by higher Operating Income Margin (25)% 4% number of active units and yields u
Slide 18: Digital & Betting: Emerging Business Delivers Strong Revenue and Profit Growth
Digital & Betting: Emerging Business Delivers Strong Revenue and Profit Growth 45 160 5 165 New jurisdictions and customers propel double- digit revenue growth across verticals in full-year Revenue 115 period • Successfully launched iGaming in MI and CT Operating Income Margin 6% 20% • Powering over
Slide 19: Balanced Capital Allocation Framework on Display
Balanced Capital Allocation Framework on Display; Achieved 2022 Net Debt Leverage Target a Year Early Cash Flows Net Debt Capital Allocation 1,010 907 7,390 7,319 11% 771 5,922 19% 11% Share repurchases 595 Cash from operations 530 9% Dividends to shareholders Free Cash Flow Net debt reduction 340 M
Slide 20: Solid Liquidity Position; Predominately Fixed Rate Debt
Solid Liquidity Position; Predominately Fixed Rate Debt with No Near Term Maturities Total liquidity of $2.3B as of 12/31/21; $0.6B in unrestricted cash; $1.7B in additional borrowing capacity Continued strategic liability management initiatives in FY'21; Y/Y interest reduced ~$60M • In March, refin
Slide 21: Summary of Key Takeaways
Summary of Key Takeaways Good Progress on Achieved or Exceeded Significantly Reduced Capital Returns to Strategic Initiatives 2021 Financial Goals Debt and Leverage Shareholders • Growth in iLottery and • Exceeded targets for • Reduced net debt by • Paid ~$40M in instant ticket services cash from op
Slide 22: Affirming FY'22 and Introducing Q1'22 Outlook
Affirming FY'22 and Introducing Q1'22 Outlook FY'22 Outlook Outlook Assumptions FY'22: Revenue ~$4.1B - ~$4.3B • Double-digit Global Lottery SSS growth vs 2019; lower revenue Y/Y due to benefit from some discrete items in H1'21 Operating Income • Global Gaming benefits from strong sales funnel with
Slide 23: Q&A
Q&A 23
Slide 24: Appendix
Appendix 24
Slide 25: Q4'21 and FY'21 Select Performance and KPI Data
Q4'21 and FY'21 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency GLOBAL LOTTERY Q4'21 Q4'20 (%) Change (%) (1) FY'21 FY'20 (%) Change (%) (1) Revenue Service Operating and facilities management contracts 608 549 11% 13% 2,569 1,944 32% 30% Upfront license fee
Slide 26: Q4'21 and FY'21 Select Performance and KPI Data
Q4'21 and FY'21 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency GLOBAL GAMING Q4'21 Q4'20 (%) Change (%) FY'21 FY'20 (%) Change (%) Revenue Service Terminal 109 85 29% 29% 424 298 42% 42% Systems, software, and other 54 48 12% 13% 206 186 11% 11% Total servi
Slide 27: Q4'21 and FY'21 Select Performance and KPI Data
Q4'21 and FY'21 Select Performance and KPI Data Y/Y Change Y/Y Change GLOBAL GAMING (Continued) Q4'21 Q4'20 (%) FY'21 FY'20 (%) Yields (by geography)(1), in absolute $ US & Canada $38.95 $27.88 40% $37.62 $24.34 55% Rest of world $5.39 $3.33 62% $4.42 $3.67 20% Total yields $28.27 $20.32 39% $27.11
Slide 28: Q4'21 and FY'21 Select Performance and KPI Data
Q4'21 and FY'21 Select Performance and KPI Data Constant Constant Y/Y Change Currency Y/Y Change Currency DIGITAL & BETTING Q4'21 Q4'20 (%) Change (%) FY'21 FY'20 (%) Change (%) Revenue Service 41 33 24% 22% 163 114 44% 39% Product sales 1 — 347% 348% 1 1 55% 55% Total revenue 42 33 25% 24% 165 115
Slide 29: Q4'21: Significant Revenue and Profit Growth Y/Y and Compared to 2019
Q4'21: Significant Revenue and Profit Growth Y/Y and Compared to 2019 Quarter Ended % % December 31, Change Change 2021 2020 2019 vs. 2020 vs. 2019 GAAP Financials: Revenue 1,050 885 1,044 19% 1% Operating income 186 96 40 93% 365% Operating income margin 18% 11% 4% Net income (loss) 55 (232) (138)
Slide 30: 2021 Results Highlight Resilience of Business
2021 Results Highlight Resilience of Business with All Key Financial Metrics Exceeding 2019 Levels Year Ended % % December 31, Change Change 2021 2020 2019 vs. 2020 vs. 2019 GAAP Financials: Revenue 4,089 3,115 4,032 31% 1% Operating income/(loss) 902 (107) 478 NA 89% Operating income margin 22% (3)
Slide 31: Q4'21 and FY'21 Income Statement
Q4'21 and FY'21 Income Statement Y/Y Change Y/Y Change Q4'21 Q4'20 (%) FY'21 FY'20 (%) Service revenue 850 749 13% 3,483 2,640 32% Product sales 200 136 47% 606 476 27% Total revenue 1,050 885 19% 4,089 3,115 31% Adjusted EBITDA 864 789 10% 3,187 3,223 (1%) Operating income (loss) 186 96 93% 902 (10
Slide 32: Q4'21 and FY'21 Cash Flow Statement
Q4'21 and FY'21 Cash Flow Statement Q4'21 Q4'20 FY'21 FY'20 Net cash provided by operating activities 396 251 1,010 595 Capital expenditures (71) (50) (238) (255) Free cash flow 326 201 771 340 Debt proceeds/(repayment), net 33 (175) (1,439) (246) Dividends to shareholders (41) — (41) (41) Share rep
Slide 33: Q4'21 Reconciliations of Non-GAAP Measures
Q4'21 Reconciliations of Non-GAAP Measures For the three months ended December 31, 2021 Business Segment Corporate and Global Lottery Global Gaming Digital & Betting Total Other Total IGT PLC Income from continuing operations 55 Provision for income taxes 56 Interest expense, net 77 Foreign exchange
Slide 34: Q4'20 Reconciliations of Non-GAAP Measures
Q4'20 Reconciliations of Non-GAAP Measures For the three months ended December 31, 2020 Business Segment Corporate and Global Lottery Global Gaming Digital & Betting Total Other Total IGT PLC Loss from continuing operations (232) Provision for income taxes 73 Interest expense, net 101 Foreign exchan
Slide 35: FY'21 Reconciliations of Non-GAAP Measures
FY'21 Reconciliations of Non-GAAP Measures For the year ended December 31, 2021 Business Segment Corporate and Global Lottery Global Gaming Digital & Betting Total Other Total IGT PLC Loss from continuing operations 255 Provision for income taxes 274 Interest expense, net 341 Foreign exchange loss,
Slide 36: FY'20 Reconciliations of Non-GAAP Measures
FY'20 Reconciliations of Non-GAAP Measures For the year ended December 31, 2020 Business Segment Corporate and Global Lottery Global Gaming Digital & Betting Total Other Total IGT PLC Loss from continuing operations (875) Provision for income taxes 28 Interest expense, net 398 Foreign exchange loss,