Ainsworth Game Technology Limited · ASX:AGI

Ainsworth Game Technology — H1 2023 Earnings Presentation

32 slides from Ainsworth Game Technology's earnings presentation, Sep 1, 2023

  1. Slide 1: Investor’s Presentation: Results for 6 months ending 30 June 2023

    (Corrected version 1 September 2023) Investor’s Presentation Results for 6 months ending 30 June 2023 Ainsworth Game Technology Limited 1 ABN 37 068 516 665 | ASX Code: AGI

  2. Slide 2: Disclaimer

    Disclaimer IMPORTANT NOTICE • This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. All statutory r

  3. Slide 3: Agenda

    Agenda • Results Summary • Consolidated Results • Segment Performance • Land Based Gaming Products • Online • Conclusion 3

  4. Slide 4: Results Summary

    Results Summary 4

  5. Slide 5: Results Summary

    Results Summary • Profit before tax normalised for currency and one-off items of $23.3m for the 6 months ended June 2023 (“Current period”), an improvement of 24% compared the 6 months ended 31 December 2022 (“prior half”) and the 6 months ended 30 June 2022 (“PCP”). • North America continues to be

  6. Slide 6: Gaming Operations

    Gaming Operations with recurring revenues and steady international sales contribution 6

  7. Slide 7: Consolidated Results

    ‘“« #**' Consolidated - Results Bey |e lk iW VEN aan ee

  8. Slide 8: Profit & Loss Summary

    Profit & Loss Summary 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Domestic revenue 17.9 23.2 22.2 (5.3) (4.3) International revenue 125.7 100.9 97.3 24.8 28

  9. Slide 9: Results Adjusted for Currency Movement and One-off Items

    Results Adjusted for Currency Movement and One-off Items 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Profit Before Tax 7.9 7.3 1.9 0.6 6.0 Foreign currency

  10. Slide 10: Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA

    Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Reconciliation: Profit Before Tax 7.9 7.3 1.9 0.

  11. Slide 11: Operating Costs

    Operating Costs 6 months 6 months 6 months 6 months to 6 months to ended ended ended 30 Jun 2023 30 Jun 2023 Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 at Prior half at PCP currency Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) currency basis bas

  12. Slide 12: Staff Headcount

    Staff Headcount # Staff 30-Jun-23 31-Dec-22 30-Jun-22 Australia and Rest of the World Sales 31 31 27 Service 56 51 54 Production 30 26 26 Administration 22 22 22 R&D 96 97 93 Total Staff Numbers - Australia & Rest of 235 227 222 the World Americas Sales 27 31 32 Service 63 61 59 Production 58 53 46

  13. Slide 13: Net Profit Bridge – Current period vs PCP

    Net Profit Bridge – Current period vs PCP 35 30 3.3 25 5.7 Millions of AUD 20 0.8 1.9 13.2 8.4 15 6.8 10 3.6 0.9 5 12.7 4.2 2.7 9.2 4.4 0 PAT Product License fees Gaming Service COGS Other Overheads D&A Other Forex Net interest Tax PAT pcp sales operations revenue income expenses current period • Re

  14. Slide 14: Balance Sheet

    Balance Sheet In millions of AUD 30-Jun-23 31-Dec-22 30-Jun-22 Total assets 429.6 425.7 406.5 Net assets 327.9 320.2 311.3 Total debt - 0.6 - Net cash 24.6 29.3 45.8 Debt Ratios 30-Jun-23 31-Dec-22 30-Jun-22 Debt ratio (Total liabilities / Total assets) 24% 25% 23% Debt to equity ratio (Total liabil

  15. Slide 15: Cash Flow Statement

    Cash Flow Statement • Cash balance as at 30 June 2023 was affected by payments for investments in Argentina to hedge the rapid devaluation of Pesos against USD. • Improvement in operating activities cash flow driven by discipline working capital management. 6 months 6 months ended ended Current peri

  16. Slide 16: Segment Performance

    Segment Performance Segment Performance 1 6

  17. Slide 17: North America

    North America 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 68.5 59.7 60.5 8.8 8.0 Gross Profit 43.8 43.4 38.8 0.4 5.0 Segment EBITDA 35.5 36.7 33.8 (

  18. Slide 18: North America Product Highlight

    North America Product Highlight • Strong performance of new Squish ReelsTM game in South Dakota. • New games set expected to be launched in Louisiana, following the success of previous games. • First set of games being installed in Nevada in July 2023. • Next generation of Gambler’s GoldTM to add su

  19. Slide 19: Latin America & Europe

    Latin America & Europe 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 45.5 33.2 30.3 12.3 15.2 Gross Profit 29.5 21.8 18.4 7.7 11.1 Segment EBITDA 21.3

  20. Slide 20: Asia Pacific (Australia, NZ and Asia)

    Asia Pacific (Australia, NZ and Asia) 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 21.2 24.9 22.7 (3.7) (1.5) Gross Profit 5.1 8.0 7.5 (2.9) (2.4) Se

  21. Slide 21: Online

    Online 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 8.4 6.4 5.9 2.0 2.5 Gross Profit 8.4 6.4 5.9 2.0 2.5 Segment EBITDA 8.1 5.5 5.3 2.6 2.8 Segment P

  22. Slide 22: Land Based Gaming Products

    Land Based Gaming Products 2 2

  23. Slide 23: Key Market Highlights: North America

    Key Market Highlights NORTH AMERICA • Released Treasure SpiritsTM, Cash Stacks GoldTM and Ultra ShotTM game series, each showing measurable improved performance in Class III markets. • Placed 400+ HHR games in route at Victoryland Casino (Alabama). • Growth in VLT space includes 250 units placed in

  24. Slide 24: Key Market Highlights: Latin America

    Key Market Highlights LATIN AMERICA • Demand continues to grow for the A-STARTM cabinets. • Overall product performance is at 1.13x Coin In and 1.21x Net Win, with market share of 7.7% or 27,000 machines placed. • Multi-WinTM brand games continue to dominate the dual screen cabinet. • Xtension LinkT

  25. Slide 25: Key Market Highlights: Asia Pacific

    Key Market Highlights Asia Pacific • Grand FortuneTM continues to show solid performance and a consistent increase in install numbers 4+ months post release in NSW and QCOM markets. Performance has been boosted by the release of games 3 and 4 and will be further supported by the release of games 5 a

  26. Slide 26: Game Development Investments

    Game Development Investments Clear Product Strategy • Continue on globalisation utilising key tentpole products – Treasure SpiritsTM, Cash Stacks GoldTM, Ultra ShotTM and Grand FortuneTM. • Focus on leveraging High Denom content with new concepts and utilising key brands – Thunder Cash ClassicTM and

  27. Slide 27: Online

    EGOC To cneare INSWORTFEI as INTERACTIVE

  28. Slide 28: B2B Real Money Gaming (RMG) & Social Casinos

    B2B Real Money Gaming (RMG) & Social Casinos Ainsworth Interactive is an online B2B Real Money Gaming (RMG) and social casino content supplier offering digital slot games in the iGaming industry. Ainsworth Interactive is positioned as a major iGaming provider in Latin America and North America with

  29. Slide 29: B2B Real Money Gaming (RMG): LATAM

    B2B Real Money Gaming (RMG) LATAM 2 9

  30. Slide 30: Conclusion

    Conclusion 3 0

  31. Slide 31: Conclusion

    Conclusion • Revenue improvements across Americas markets compared to pcp and prior half. AGT enters the calendar year 2023 with good momentum and expects to have continued growth in North America. • Release of A-STAR 100TM with range of innovative product suites at AGE 2023 was well received and it

  32. Slide 32: Ainsworth Game Technology

    Ainsworth Game Technology 10 Holker St, Newington NSW www.agtslots.com 3 *All trademarks, logos and brand names are the properties of their respective owners 2

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