Slide 1: 1Q23 Financial Results
1Q23 Financial Results May 30th, 2023
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations: This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: Chairman & CEO statement
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “ We are extremely proud of first quarter robust organic Ebitda growth of 29% and a return to Net Earnings, along with healthy cash flows and significant reduction of Group Net Leverage Ratio down to 3.6x, providing additional momentum to Intralot
Slide 4: Revenue Overview
Revenue Overview 21.5 (24.1%) RoW 12.5% B2C 58.1 (64.9%) Americas 1Q23 Revenue per 1Q23 Activity Line Revenue per 87.5% (%) 9.9 (11.1%) Geographical Region B2B/B2G Europe (in €) €89.5m €89.5m 12.5% 9.5% VLTs IT Products & Services 17.5% Sports Betting 1Q23 Revenue per Game Type (%) 0.1% Racing €89.5
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations 11.2 in € million 13% Q1 31.6 1Q23 16.9 Game management Revenues per 19% Contract Type (€m, %) 69% -21.5 61.4 11.2 Technology 1.1 1Q22 Malta Argentina 1Q23 Licensed operations 31.6 Revenue Evolution Drivers: 32% • Lower revenue in Malta (€
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations 11.2 in € million 13% Q1 1Q23 16.9 Game management 19% 61.4 Revenues per Contract Type 1.3 0.3 0.2 (€m, %) 69% 61.4 4.6 Technology 55.1 1Q22 United States Australia Croatia Other 1Q23 Licensed operations 31.6 Revenue Evolution Drivers: 32
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations 11.2 in € million 13% Q1 1Q23 16.9 16.9 Game management 0.0 0.1 Revenues per 19% Contract Type (€m, %) 5.8 69% 61.4 Technology 10.9 1Q22 Turkey Morocco United States 1Q23 Licensed operations 31.6 Revenue Evolution Drivers: 32% • Stro
Slide 8: Consolidated Financial Statements for 1Q23
Consolidated Financial Statements for 1Q23 (in € million) 1Q23 1Q22 % Change LTM Revenue (Turnover) 89.5 97.7 -8.4% 384.6 Technology, Management & Rest Contracts 79.7 67.4 18.3% 321.9 Licensed Operations (Payout related) 9.8 30.3 -67.7% 62.7 Payout (%)1 62.4% 58.9% + 3.5pps 59.2% GGR 83.4 79.8 4.5%
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES EBITDA AND EBITDA MARGIN €m €m, % 393 385 37.7% 33.9% EBITDA Margin 31.3% on Sales 26.7% +6.2% -8.4% 123 130 +29.2% 98 89 EBITDA 26 34 2022 LTM 1Q22 1Q23 2022 LTM 1Q22 1Q23 OPERATING CASH FLOW1 AND NET CAPEX NET DEBT2 AND NET DEBT / EBITDA3 €m Operating CF
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, 1Q23 (in €m) 490.5 2.9 23.0 12.0 13.3 471.6 Net Debt, Dec 2022 Free Cash Flow Net Interest payments Other Capital Gross Debt movements Net Debt, Mar 2023 payments Public INTRALOT May 20232020 | p. |10p. 10 | Public
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 1Q23 Key Revenue Contributors Key EBITDA Contributors 1Q22 (in €m) (in €m) 40.9 17.8 North America2 North America2 36.1 13.5 6.2 3.4 Europe3 Europe3 27.4 6.6 17.2 3.5 South America South America 16.0 4.0 6.2 4.5 Oceania Oceania 5.7 4.0 15.3 10.0 RoW4 RoW4 9.6 4.4
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS Public
Slide 13: 1Q23 – Group Income Statement
1Q23 – Group Income Statement (in € million) 1Q23 1Q22 % Change LTM Revenue 89.5 97.7 -8.4% 384.6 Gross Profit 32.5 25.2 29.3% 135.1 Other Operating Income 7.8 5.7 37.0% 27.0 OPEX (22.7) (21.8) 3.9% (100.6) EBITDA 33.7 26.1 29.2% 130.5 Margin 37.7% 26.7% + 11.0pps 33.9% Capital Structure Optimizatio
Slide 14: 1Q23 – Group Statement Of Financial Position
1Q23 – Group Statement Of Financial Position (in € million) 1Q23 FY22 Tangible Assets (incl. investment properties) 110.3 116.3 Intangible Assets 206.1 208.6 Other Non-current Assets 54.2 56.0 Inventories 23.9 23.9 Trade and Other Short-term Receivables 95.7 109.9 Cash and Cash Equivalents 109.2 102
Slide 15: 1Q23 – Group Cash Flow
1Q23 – Group Cash Flow (in € million) 1Q23 1Q22 EBT from continuing operations 10.9 (2.3) EBT from discontinued operations - - Plus/less adjustments 24.3 27.4 Decrease/(increase) of inventories (0.9) (2.3) Decrease/(increase) of receivable accounts 11.3 5.8 (Decrease)/increase of payable accounts (6
Slide 16: Intralot
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