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 2026 Earnings Presentation
24 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 12, 2026
Slide 1: Q1 Earnings Report 2026: Period Ended March 31, 2026
Q1 Earnings Report 2026: PERIOD ENDED MARCH 31, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
2 Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Brightstar Lottery PLC’s
Slide 3: Contents
Contents 03 Appendix04 01 Strategy Update 02 Financial Results Q&A BRIGHTSTAR EARNINGS REPORT – Q1’263
Slide 4: Strategy Update
01 Strategy Update
Slide 5: Italy Performance & Operational Discipline Drive Q1'26 Profit Growth
01 STRATEGY UPDATE BRIGHTSTAR EARNINGS REPORT – Q1’265 Italy Performance & Operational Discipline Drive Q1’26 Profit Growth Revenue up low single digits Cost discipline while investing in growth Strong balance sheet & financial condition Returned over $70M to shareholders in Q1’26 Good progress on s
Slide 6: Game Innovation & Portfolio Optimization Driving SSS Growth
01 STRATEGY UPDATE Game Innovation & Portfolio Optimization Driving SSS Growth BRIGHTSTAR EARNINGS REPORT – Q1’266 SSS Q1’26 Italy U.S. Instants & Draw Multi-state Jackpots Rest of World Total Instants & Draw Multi-state Jackpots 3.1% - - (0.9%) 5.8% 1.1% 1.2% (0.9%)
Slide 7: iLottery Expansion & Italy B2C Digital Execution Progressing Nicely
1M MONTHLY USERS 01 STRATEGY UPDATE iLottery Expansion & Italy B2C Digital Execution Progressing Nicely BRIGHTSTAR EARNINGS REPORT – Q1’267 Q1'25 Q1'26 iLOTTERY WAGERS UP 30%
Slide 8: Channel & POS Expansion, New Contracts
01 STRATEGY UPDATE Exciting Developments with Channel & POS Expansion, New Contracts BRIGHTSTAR EARNINGS REPORT – Q1’268 SÃO PAULO LAUNCH ON TRACK FOR H2’26 SIGNIFICANT NEW RETAILER OPPORTUNITY
Slide 9: Financial Results
02 Financial Results
Slide 10: Strong Italy Performance & LMA Dynamics Offset U.K. Transition
02 FINANCIAL RESULTS Strong Italy Performance & LMA Dynamics Offset U.K. Transition 259 281 281 246 212 236 79 65 70 Q1’25 U.K. Transition Instant Ticket & Draw U.S. MSJP Other Service Product Sales Upfront License Fee Amortization (SRA) Excluding FX FX Q1’26 583 558 587 RoW Italy U.S. & Canada 14-1
Slide 11: Profit Up on Disciplined Execution Despite U.K. Transition & Inflationary Pressures
02 FINANCIAL RESULTS 11 Profit Up on Disciplined Execution Despite U.K. Transition & Inflationary Pressures BRIGHTSTAR EARNINGS REPORT – Q1’26 → Income from operations of $63M; Adjusted EBITDA* increased 15% to $287M, up 5% at constant currency 8 63 Q1’25 Operational Drivers(2) FX Tax Provision Othe
Slide 12: Q1'26 Cash Flows Reflect Investments in the Business & Shareholder Returns
02 FINANCIAL RESULTS 12 Q1’26 Cash Flows Reflect Investments in the Business & Shareholder Returns → Cash from operations reflects >$50M negative impact from timing of working capital items; FY’26 expectations reaffirmed • Continued commitment to shareholder returns in Q1’26 • $30M in share repurcha
Slide 13: Strong Balance Sheet & Credit Profile
13 Strong Balance Sheet & Credit Profile BRIGHTSTAR EARNINGS REPORT – Q1’26 02 FINANCIAL RESULTS - 230 230 230 460 230 575 750 575 750 2026 2027 2028 2029 2030 2031 2033 Bank Debt Bonds Q1’26 Net debt leverage* 2.4x; ~3.5x pro forma for final Lotto license payment Liquidity of $1.8B pro forma for fi
Slide 14: Reaffirming FY'26 Revenue and Profit Outlook
14 Reaffirming FY’26 Revenue and Profit Outlook 02 FINANCIAL RESULTS BRIGHTSTAR EARNINGS REPORT – Q1’26 (1) Reflects100% consolidation of Italy joint venture; minority partner contributions representing their pro rata share are recorded in cash flows from financing activities Revenue $2.50B - $2.55B
Slide 15: Q&A
03 Q&A
Slide 16: Appendix
04 Appendix
Slide 17: Summary of Q1'26 Financial Results
17 Note: EUR/USD FX daily average 1.17 in Q1’26 and 1.05 in Q1’25 Amounts in millions unless otherwise noted *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Summary of Q1’26 Financial Results BRIGHTSTAR EAR
Slide 18: FY'25 Revenue & Profit Profile
04 APPENDIX FY’25 Revenue & Profit Profile 94% 6% Service Product Sales 47% 40% 13% U.S. & Canada Italy Rest of world 95% 5% Instant Ticket & Draw U.S. Multi-state Jackpots 5% 45% Income from continuing operations Adjusted EBITDA Revenue by Type Revenue by Geography Wager-based Revenue by Game Type
Slide 19: Q1'26 Select Performance and KPI Data
Q1'26 Select Performance and KPI Data $ in millions except otherwise noted 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q1’2619 For the three months ended March 31, Constant 2026 2025 Y/Y Change Currency Change Revenue Service Instant ticket & draw wager-based revenue 537 500 7% —% U.S. multi-state jack
Slide 20: Q1'26 Select Performance and KPI Data
Q1'26 Select Performance and KPI Data 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q1’2620 (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 comp
Slide 21: Summarized Income Statement
Summarized Income Statement $ in millions except otherwise noted 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q1’2621 All amounts from continuing operations For the three months ended March 31, 2026 2025 Y/Y Change Service revenue (includes amortization of upfront license fees) 558 557 —% Product sales
Slide 22: Summarized Cash Flow Statement
Summarized Cash Flow Statement $ in millions 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q1’2622 For the three months ended March 31, 2026 2025 Net cash provided by operating activities from continuing operations 165 185 Capital expenditures (110) (76) Free Cash Flow 55 109 Cash flow provided by/(used
Slide 23: Reconciliation of Non-GAAP Financial Measures
$ in millions (1) Includes amortization of upfront license fees Reconciliation of Non-GAAP Financial Measures 04 APPENDIX BRIGHTSTAR EARNINGS REPORT – Q1’2623 For the three months ended March 31, 2026 2025 Income from continuing operations 63 8 Provision for income taxes 29 48 Interest expense, net
Slide 24: Reconciliation of Non-GAAP Financial Measures - QTD
Reconciliation of Non-GAAP Financial Measures - QTD 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 04 APPENDIX BR