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Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025 — International Game Technology — Q3 2016 Earnings Presentation
21 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Nov 21, 2016
Slide 1: Agenda
11/21/2016 2 Agenda Marco Sala, CEO, International Game Technology PLC Strategic Update 1 Alberto Fornaro, CFO, International Game Technology PLC Q3’16 Results 2 Q&A 3
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
11/21/2016 3 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 other matters. These statements may
Slide 3: Comparability of Results
11/21/2016 4 Comparability of Results All figures presented in this presentation are prepared under U.S. GAAP, unless noted otherwise. Adjusted figures through non-GAAP financial measures exclude the impact of items such as purchase accounting, impairment charges, restructuring expense, foreign exch
Slide 4: Comparability of Results
” Comparability of Results All figures presented in this presentation are prepared under U.S. GAAP, unless noted otherwise. ‘Adjusted figures through non-GAAP financial measures exclude the impact of items such as purchase accounting, impairment charges, restructuring expense, foreign exchange, and
Slide 5: Consolidating Industry Leadership
Consolidating Industry Leadership Broad-based growth in lottery and land-based gaming Strong global Lottery performance Improved gaming KPIs Stability and predictability of free cash flow extended with important lottery contract wins and renewals Won Florida bid Extended Georgia and Texas contracts
Slide 6: Consolidating Industry Leadership: NASPL, World Lottery Summit and G2E Highlights
Consolidating Industry Leadership NASPL and World Lottery Summit Highlights Showcased new technology and hardware Strong focus on retail AuroraTM Business Intelligence applications Leveraging player insights Emphasis on interactive/digital play PlaySpotTM (piloting in Rhode Island later this year) i
Slide 7: 2016 Third Quarter Financial Results
2016 THIRD QUARTER FINANCIAL RESULTS
Slide 8: Q3'16 Financial Highlights
11/21/2016 9 Revenue Adjusted Operating Income Q3’16 Financial Highlights Adjusted Diluted EPS $ M except EPS +6% +4% +9% Adjusted EBITDA Note: As adjusted results remove impact of purchase accounting, impairment charges, restructuring expense and transaction expense (see appendix for details) Note:
Slide 9: Q3'16 North America Gaming & Interactive Highlights
10 Q3’16 North America Gaming & Interactive Highlights $ M Revenue Developments Key Performance Indicators Gaming service revenue down on lower installed base Y/Y; installed base steady on a sequential basis Wheel of Fortune® 3D, Wheel of Fortune® Gold Spins, Powerbucks® and Aladdin 3D among top per
Slide 10: Q3'16 North America Lottery Highlights
11 Q3’16 North America Lottery Highlights $ M Revenue Developments Key Performance Indicators 6.3% same-store revenue growth fueled by continued strength in Jackpot games (Mega Millions and Powerball each had Jackpots of ~$500 million) LMA impact includes New Jersey incentive, largely driven by reco
Slide 11: Q3'16 International Highlights
12 Lottery same-store revenue up 5.7% on strength in Latin America and Europe, partially offset by weakness in the UK Gaming service revenue primarily reflects exiting certain interactive operations; higher terminal service revenue; and expansion in installed base (Latin America and Eastern Europe)
Slide 12: Q3'16 Italy Highlights
Developments 13 Q3’16 Italy Highlights $ M Revenue Key Performance Indicators 11/21/2016 Strong Lottery and Gaming performance drove higher sales and profits 17% Lotto wager growth includes significant contribution from Late Numbers; Lotto wagers increased 2% excluding Late Numbers; Scratch & Win re
Slide 13: Q3'16 Revenue & Operating Income
Revenue 11/21/2016 14 Q3’16 Revenue & Operating Income $ M Revenue up on strong global lottery revenue growth, LMA contribution, and higher product sales, reflecting demand for North America lottery products and global gaming machine units Operating expenses up on timing of bad debt expense, higher
Slide 14: Net Debt & Leverage
11/21/2016 15 $ M Net Debt & Leverage Excluding FX, net debt up modestly compared to year-end 2015 level on Lotto upfront concession payment in Q2’16 Leverage ratio improved vs. Q4’15 and stable when compared to the last two quarters Net Debt/LTM Adj. EBITDA 4.52x 4.45x Lotto (150) S&W and Other 62
Slide 15: Q3'16 YTD Cash Flow Statement
11/21/2016 16 Q3’16 YTD Cash Flow Statement $ M Strong Operating Cash Flow YTD - Cash interest payments are concentrated in the first and third quarters - Includes approximately $409 million in cash interest paid, of which $153 million in Q3’16 - Cash taxes of $136 million, of which $97 million in Q
Slide 16: 2016 Financial Outlook
11/21/2016 17 2016 Financial Outlook Adjusted EBITDA of $1,740-$1,790 million Capital Expenditures no more than $550 million 2016 Lotto concession upfront payments: €600 million gross, €370 million net Second installment of €250 million (gross), €154 million (net) scheduled for Q4’16 Net Debt of $7,
Slide 17: 2016 Financial Outlook
2016 Financial Outlook Adjusted EBITDA of $1,740-$1,790 million Capital Expenditures no more than $550 million 2016 Lotto concession upfront payments: €600 million gross, €370 million net + Second installment of €250 million (gross), €154 million (net) scheduled for Q4'16 Net Debt of $7,700-$7,900 m
Slide 18: Q3'16 Income Statement (As Reported)
11/21/2016 19 Q3’16 Income Statement (As Reported) $ M
Slide 19: Q3'16 Reconciliation of Non-GAAP Measures
11/21/2016 20 Q3’16 Reconciliation of Non-GAAP Measures $ M Adjustments Q3'16 As Purchase Foreign Impairment/ Q3'16 As Reported Accounting Exchange Restructure Adjusted Total Revenue 1,266 - - - 1,266 Cost of Services 625 (46) - - 579 Cost of Sales 137 (30) - - 107 SG&A 243 (36) - - 207 R&D 87 - - -
Slide 20: Q3'16 Reconciliation of Non-GAAP Measures
11/21/2016 21 Q3’16 Reconciliation of Non-GAAP Measures $ M As Reported Q3'16 Q3'15 Net Income 18 9 Provision for Income Taxes 13 13 Non-Operating Expenses 133 108 Amortization 124 134 Depreciation 94 95 Amortization of Upfront Payments to Customers 30 28 Stock Compensation 8 12 Restructuring Expens
Slide 21: Q3'16 Reconciliation of Non-GAAP Measures
> Q3'16 Reconciliation of Non-GAAP Measures 7 Net Income 18 9 Provision for Income Taxes 3B 3B ‘Non-Operating Expenses 133 108 ‘Amortization 124 134 Depreciation 94 95 Amortization of Upfront Payments to Customers 30 28 ‘Stock Compensation 8 2 Restructuring Expense 6 uu Impairment 4 - Non-Cash Purch
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