Ballys Intralot S.a. · ATHEX:BYLOT
Ballys Intralot — Intralot — Q1 2025 Earnings Presentation
14 slides from Ballys Intralot's earnings presentation, May 30, 2025
Slide 1: 1Q25 Financial Results
1Q25 Financial Results May 30th, 2025
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's comment on 1Q2025 results
INTRALOT’s Chairman Sokratis P. Kokkalis, noted: “INTRALOT’s 1Q2025 results are characterized by revenue growth and free cash flow generation combined with stable profitability and continuing debt reduction, resulting in net debt leverage ratio of 2.4x. On the commercial front the company renewed ke
Slide 4: Revenue Overview
Revenue Overview 11.1% 27.5 (29.1%) B2C RoW 55.7 (59.0%) Americas 1Q25 Revenue per 1Q25 Activity Line Revenue per 88.9% (%) Geographical Region B2B/B2G (in €) €94.4m 11.2 (11.9%) Europe €94.4m 11.6% 8.2% VLTs IT Products & Services 25.0% Sports Betting 1Q25 Revenue per Game Type (%) €94.4m 55.2% Lot
Slide 5: Revenue Evolution per Business Activity
Revenue Evolution per Business Activity in € million Licensed operations 10.5 11% 94.4 1Q25 4.1 Revenues per Game management 24% 22.5 Contract Type 4.2 (€m, %) 85.1 1.0 65% 61.4 Technology 1Q24 Technology Game management Licensed operations 1Q25 Licensed operations 6.4 Revenue Evolution Drivers: • H
Slide 6: Consolidated Financial Statements for 1Q25
Consolidated Financial Statements for 1Q25 (in € million) 1Q25 1Q24 % Change LTM Revenue (Turnover) 94.4 85.1 10.9% 385.6 Technology, Management & Rest Contracts 85.0 79.6 6.8% 349.1 Licensed Operations (Payout related) 9.4 5.6 69.8% 36.5 Payout (%)1 63.3% 61.8% + 1.5pps 63.9% GGR 88.5 81.7 8.3% 362
Slide 7: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES AEBITDA AND AEBITDA MARGIN €m €m, % 376 386 34.7% 33.9% 35.4% 32.0% AEBITDA Margin on Sales +0.1% +10.9% +0.3% 131 131 85 94 30 30 AEBITDA 2024 LTM 1Q24 1Q25 2024 LTM 1Q24 1Q25 OPERATING CASH FLOW1 AND CAPEX NET DEBT2 AND NET LEVERAGE RATIO3 €m Operating CF
Slide 8: Net Debt Movement
Net Debt Movement Net Debt Movement, 1Q25 (in €m) 355.7 38.4 10.0 10.8 316.5 Adjusted Net Debt, Dec 2024 Free Cash Flow1 Net Interest payments Other Debt movements Adjusted Net Debt, Mar 2025 1. Free Cash Flow defined as “Net Cash from Operating activities” adjusted for “Net Dividends”, “Capex”, “Re
Slide 9: Key Revenue and AEBITDA Contributors
Key Revenue and AEBITDA Contributors1 1Q25 Key Revenue Contributors Key EBITDA Contributors 1Q24 (in €m) (in €m) 39.9 15.5 North America2 North America2 40.3 17.8 7.5 5.3 Europe3 Europe3 7.2 4.7 15.8 3.3 South America South America 10.2 2.0 6.5 4.7 Oceania Oceania 6.2 4.5 21.0 7.4 RoW4 RoW4 17.1 4.5
Slide 10: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS
Slide 11: 1Q25 – Group Income Statement
1Q25 – Group Income Statement (in € million) 1Q25 1Q24 % Change LTM Revenue 94.4 85.1 10.9% 385.6 Gross Profit 32.2 32.9 -2.2% 140.6 Other Operating Income 7.6 6.7 14.2% 30.9 OPEX (27.9) (26.9) 3.7% (118.5) EBITDA 30.2 30.1 0.3% 124.8 AEBITDA 30.2 30.1 0.3% 130.8 AEBITDA Margin 32.0% 35.4% - 3.4pps
Slide 12: 1Q25 – Group Statement Of Financial Position
1Q25 – Group Statement Of Financial Position (in € million) 1Q25 FY24 Tangible Assets (incl. investment properties) 78.8 86.8 Intangible Assets 169.8 179.5 Other Non-current Assets 58.4 62.0 Inventories 25.4 26.4 Trade and Other Short-term Receivables 141.7 155.3 Cash and Cash Equivalents 75.9 64.3
Slide 13: 1Q25 – Group Cash Flow
1Q25 – Group Cash Flow (in € million) 1Q25 1Q24 EBT 3.6 5.4 Plus/less adjustments 27.3 26.0 Decrease/(increase) of inventories 0.0 (5.6) Decrease/(increase) of receivable accounts 12.6 (6.0) (Decrease)/increase of payable accounts 6.2 7.7 Income tax paid (0.9) (0.4) Net Cash from Operating Activitie
Slide 14: intralot
intralot