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 — International Game Technology — FY2024 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, Feb 25, 2025
Slide 1: Period ended December 31, 2024
Period ended December 31, 2024 1
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
2 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”) a
Slide 3: Strategy Update
STRATEGY =e ee ~ UPDATE
Slide 4: FY'24: A Year of Momentous Transformation
FY’24: A Year of Momentous Transformation *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Announced sale of Gaming & Digital business for $4.05B in cash Generated >$1B in consolidated cash from operations;
Slide 5: Innovation Propels Progressive Momentum of Instant Ticket & Draw Game Wagers
Innovation Propels Progressive Momentum of Instant Ticket & Draw Game Wagers in Q4’24 & FY’24 5 Gross Wagers* by Game Type *Gross wagers represents wagers recorded in lottery jurisdictions where IGT is the operator or facilities management supplier; iLottery wagers represents all digital wagers proc
Slide 6: Deep Customer Relationships Drive Contract Wins & Extensions
Best-in-class Technology & Services, Deep Customer Relationships Drive Successful Contract Wins & Extensions 6 FM Contract Awards FM Contract Extensions Instant Ticket Services (7 years) (10 years) (5 years) (3 years) (3-year extension) (9 years) (3 years) (3 years) (10 years) (7 years)
Slide 7: 2024: a year of significant accomplishments with key strategic initiatives
7 2024: a year of significant accomplishments with key strategic initiatives Key areas of focus in 2025: Winning important contracts in Italy & Texas Investment in content & technologies to fuel future growth Identifying structural cost savings to drive greater efficiencies across the organization C
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Slide 9: Summary of Q4'24 & FY'24 Financial Results
Summary of Q4’24 & FY’24 Financial Results Note: EUR/USD FX daily average 1.07 in Q4’24, 1.08 in Q4’23, 1.08 FY’24, 1.08 FY’23 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 furt
Slide 10: Q4'24 & FY'24 Revenue Growth Offset by Jackpot Activity & Product Sales
Same-store sales growth 335 934 1,260 FY’23 Instant Ticket & Draw U.S. Multi-state Jackpots Product Sales 322 970 321 FY’24 2,529 Other Service & FX Upfront License Fee Amortization 2,512 Excluding FX 1,223 968 1,230 2,521 Excluding FX Q4’24 Q4’24 & FY’24 Growth in Instant Ticket & Draw Wagers Offse
Slide 11: Solid Profit Generation in Q4'24 & FY'24
Solid Profit Generation in Q4’24 & FY’24 Q4’24 265 271 FY ’23 Operating FY’24 Income Interest Expense FX Other Expense Tax Provision FY’23 Service Margin Product Sales Margin SG&A R&D Excluding FX FX FY’24 1,214 1,174 1,170 10.5% 10.8% 48.0% 46.6% Growth in core, recurring business offset by PY jack
Slide 12: Strong Free Cash Flow; Significant Cash Infusion Upon Closing of Sale
12 $689M FY’24 Cash from Operations from continuing operations $540M FY’24 Free Cash Flow (continuing operations) $149M FY’24 CapEx (continuing operations) Generated Strong Free Cash Flow in FY’24; Significant Cash Infusion Upon Closing of Sale Transaction 208 208 416 1,529 750 519 750 519 497 2025
Slide 13: Sustainable, Structural Cost Savings to Help Fund Investments
Focused on Sustainable, Structural Cost Savings to Help Fund Investments in Business 13 Strategic initiatives driving structural savings OPtiMa 3.0 expected to deliver $40M in annual savings over next two years Incremental opportunities under review primarily focused on productivity actions & operat
Slide 14: Strong Core, Recurring Business Provides Solid Foundation Heading into Elevated CapEx Cycle
Strong Core, Recurring Business Provides Solid Foundation Heading into Elevated CapEx Cycle *A reconciliation of our forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort. This is due to the inherent difficul
Slide 15: Solid Q4'24 & FY'24 Financial Results
Solid Q4’24 & FY’24 Financial Results 15 Well-positioned to Strengthen Our Global Lottery Leadership Significant Cash Infusion Upon Closing Gaming & Digital Sale Investing in the Future to Secure Revenue & Cash Flow, Extend Portfolio Duration Robust Cash Generation; Pro forma Net Debt Leverage of 2.
Slide 16: COWERD
COWERD
Slide 17: Appendix
APPENDIX
Slide 18: U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits
U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits 18 Higher incentive or penalty recognition typically in IGT’s H1 period as U.S. LMA customer fiscal YTD activity, including impact of multi-state jackpots, increases likelihood of achieving target level 1.0 1.1 1.2 1.3 1.4 1
Slide 19: FY'24 Revenue & Profit Profile – Continuing Operations
41% 94% 6% Service Product Sales 49% 38% 13% U.S. & Canada Italy Rest of world 11% 27% 47% Income from continuing operations Operating income Adjusted EBITDA Revenue by Type Revenue by Geography Profit Margins FY’24 Revenue & Profit Profile – Continuing Operations 19 Wager-based Revenue by Game Type
Slide 20: Strengthening Leadership in Responsible Gaming & Good Corporate Citizenship
Strengthening Leadership in Responsible Gaming & Good Corporate Citizenship 20
Slide 21: Lottery Sales Have Steady Growth Profile and Proven Resilience
U.S. Lottery Industry Sales ($B) IGT Italy Lottery Sales (€B) Lottery Sales Have Steady Growth Profile and Proven Resilience 21 68 79 99 101 96 2015 2019 2022 2023 2024E 2019 2022 2023 2024 Successfully consolidating higher play levels March 2001– Sep 2001 March 2008–June 2009 March 2020– June 2020
Slide 22: Revenue and Same-Store Sales Detail
$ in millions except otherwise noted (1) Same-store sales represents the change in wagers recorded in lottery jurisdictions where IGT is the operator or facilities management supplier, using the same lottery jurisdictions and perimeter for comparisons between periods (2) 3.9% and 2.9% in Q4'24 and F
Slide 23: Same-Store Revenue Growth and Revenue by Geography
$ in millions except otherwise noted (1) Same-store revenue represents the change in same-store sales net of contract mix Same-store revenue growth (%) at constant currency (Same-store sales inclusive of contract mix) (1) Q4'24 Constant Currency Change Q4'23 Constant Currency Change FY'24 Constant C
Slide 24: Consolidated Income Statement Summary
$ in millions except otherwise noted For the three months ended For the year ended December 31, 2024 December 31, 2024 All amounts from continuing operations Q4'24 Q4'23 Y/Y Change (%) FY'24 FY'23 Y/Y Change (%) Service revenue 591 592 —% 2,363 2,358 —% Product sales 60 89 (32%) 149 171 (13%) Total
Slide 25: Q4'24 & FY'24 Summarized Cash Flow Statements
For the three months ended For the year ended December 31, 2024 December 31, 2023 Q4'24 Q4'23 FY'24 FY'23 Net cash provided by operating activities from continuing operations 199 295 689 916 Capital expenditures (45) (43) (149) (147) Free Cash Flow 154 253 540 769 Cash flow provided by discontinued
Slide 26: Reconciliations of Non-GAAP Measures
$ in millions (1) Includes amortization of upfront license fees For the three months ended December 31, For the year ended December 31, 2024 2023 2024 2023 Income from continuing operations 116 73 271 265 Provision for income taxes 89 15 250 223 Interest expense, net 46 54 206 207 Foreign exchange (
Slide 27: Adjusted EPS Reconciliation, Three Months Ended December 31
For the three months ended December 31, For the three months ended December 31, All amounts from continuing operations 2024 2023 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 0.40 0.19 Adjus
Slide 28: Adjusted EPS Reconciliation, Year Ended December 31
For the year ended December 31, For the year ended December 31, All amounts from continuing operations 2024 2023 Pre-Tax Impact Tax Impact (1) Net Impact Net Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to IGT PLC - diluted 0.57 0.57 Adjustments: Foreign exch
International Game Technology — FY2024 Earnings Presentation on 6ix