Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (November 2022)
31 slides from Ainsworth Game Technology's shareholder meeting presentation, Nov 29, 2022
Slide 1: 2022 AGM Addresses to Shareholders and Presentation
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com 29 November 2022 ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000 ELECTRONIC LODGEMENT 2022 Annual General Meeting (AGM) Addresses to Shareholde
Slide 2: 2022 Annual General Meeting Addresses
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com.au 29 November 2022 ASX Release ASX Code: AGI AINSWORTH GAME TECHNOLOGY LIMITED 2022 ANNUAL GENERAL MEETING ADDRESSES NON-EXECUTIVE CHAIRMAN (Presented by Mr Danny Gladstone) L
Slide 3: Ainsworth's cash flow and balance sheet
And third, Ainsworth’s cash flow and balance sheet are positive features of the Company’s results. We closed the year with a net cash position of $50.3 million which was a $45.2 million rise compared to 30 June 2021. Cash flow from operations was $51.3 million, an increase of $29.1 million. We repai
Slide 4: Financial summary
Group revenue increased to over $220 million, up 38% on the $160 million in the prior corresponding period. The gross margin was 63% compared to the 56% in FY21 which reflects the improved volumes and increased recurring revenues through gaming operations in the year. We purposefully continue to bui
Slide 5: AGT's domestic performance improved
In addition to this impairment and as outlined by Danny we have recorded a provision in FY22 against potential import duties and other associated charges in Mexico for calendar years 2015 - 2017. The outcome of the Company’s submission to establish interdependency of software with its hardware is in
Slide 6: Ends
Ends For further information please contact: Investor Enquires Pegasus Advisory Ainsworth Game Technology Ltd Michael Brown Mark Ludski Email: mbrown@pegasusadvisory.com.au CFO/Company Secretary Mobile: 0400 248 080 Email:Company.Secretary@agtslots.com Ph: +61 2 9739 8021 Page 5 of 5
Slide 7: Annual General Meeting 2022
2022 ANNUAL GENERAL MEETING 29 NOVEMBER 2022 AINSWORTH GAME TECHNOLOGY LIMITED
Slide 8: Agenda
AGENDA 1. Welcome 2. Introduction to Board of Directors 3. Chairperson’s Address 4. Chief Executive Officer’s Address 5. Formal Business 6. Other Business 2
Slide 9: Board of Directors
Annual General Meeting 29 November 2022 Board of Directors • Significant scale, footprint and excellent market reputation. • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. • Disciplined M&A strategy to drive earnings growt
Slide 10: Chairperson's Address
Annual General Meeting 29 November 2022 • Significant scale, footprint and excellent market reputation. Chairperson’s Address Presentation by • Re-evaluation and focus on investment in R&D to drive growth. Danny Gladstone • Achieve growth opportunities in established and new markets. • Disciplined M
Slide 11: Results Summary
Annual General Meeting 29 November 2022 Results Summary • Significant scale, footprint and excellent market reputation. • Improved performance in FY22 compared to FY21, Latin America in particular, demonstrated strong recovery from the pandemic. • North America segment contributed 52% of total reven
Slide 12: Gaming Operations and International Sales Contribution
Annual General Meeting 29 November 2022 Gaming Operations and International Sales Contribution 6
Slide 13: Balance Sheet
Annual General Meeting 29 November 2022 Balance Sheet In millions of AUD 31-Dec-21 30-Jun-22 30-Jun-21 Total assets 381.4 406.5 393.1 Net assets 301.7 311.3 287.9 Total debt 14.1 - 37.3 Net cash 32.2 50.3 5.1 Debt Ratios 31-Dec-21 30-Jun-22 30-Jun-21 Debt Ratio (Total Liabilities/Total Assets) 20.9%
Slide 14: Key Market Highlights
Annual General Meeting 29 November 2022 Key Market Highlights NORTH AMERICA • HHR growth continues – 400 units sold to Kentucky Downs in the current period, installed base expected to increase in new and existing markets. • First manufacturer to install HHR units in newly opened New Hampshire market
Slide 15: Chief Executive Officer's Address
Annual General Meeting 29 November 2022 • Significant scale, footprint and excellent market reputation. Chief Executive Officer’s Address Presentation by • Re-evaluation and focus on investment in R&D to drive growth. Harald Neumann • Achieve growth opportunities in established and new markets. • Di
Slide 16: Profit & Loss summary
Annual General Meeting 29 November 2022 Profit & Loss summary FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Domestic revenue 16.7 22.2 38.9 39.0 (0.1) International revenue 84.0 97.3 181.3 120.5 60.8 Total revenue 100.7 119.5 220.2 159.5 60.7 Gross profit 63.0 75.0 138.0 89.6 48.4 EBITDA
Slide 17: Operating Costs
Annual General Meeting 29 November 2022 Operating Costs • Significant scale, footprint and excellent market reputation. COGS • Increase in costs attributable due to increased sales compared to the pcp. • Adverse translation impact $1.6m at pcp currency basis. SSM Costs • Increase in costs compared t
Slide 18: Reconciliation: Profit/(Loss) Before Tax to EBITDA & Underlying EBITDA
Annual General Meeting 29 November 2022 Reconciliation: Profit /(Loss) Before Tax to EBITDA & Underlying EBITDA FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Reconciliation: Profit / (Loss) Before Tax 13.9 1.9 15.8 (59.2) 75.0 Net interest (income) / expense (0.1) (0.8) (0.9) 1.3 (2.2) D
Slide 19: Segment Result Summary – North America
Annual General Meeting 29 November 2022 Segment Result Summary – North America FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Revenue 54.6 60.5 115.1 88.5 26.6 Gross Profit 36.8 42.1 78.9 60.1 18.8 Segment EBITDA 28.4 33.8 62.2 50.8 11.4 Segment Profit 23.1 28.4 51.5 39.1 12.4 Segment Pro
Slide 20: Segment Result Summary – Latin America
Annual General Meeting 29 November 2022 Segment Result Summary – Latin America FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Revenue 22.2 30.0 52.2 18.3 33.9 Gross Profit 15.0 19.4 34.4 11.1 23.3 Segment EBITDA 9.3 10.0 19.3 (4.3) 23.6 Segment Profit / (Loss) 10.0 10.8 20.8 (8.6) 29.4 Se
Slide 21: Segment Result Summary – Australia
Annual General Meeting 29 November 2022 Segment Result Summary – Australia FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Revenue 16.7 22.2 38.9 39.0 (0.1) Gross Profit 6.6 7.4 14.0 10.6 3.4 Segment EBITDA 3.8 3.6 7.4 5.4 2.0 Segment Profit 3.3 2.9 6.2 2.4 3.8 Segment Profit (%) 20% 13% 1
Slide 22: Segment Result Summary – Rest of the World (ROW)
Annual General Meeting 29 November 2022 Segment Result Summary – Rest of the World (ROW) FY22 In millions of AUD H1 FY22 H2 FY22 FY22 FY21 vs FY21 Revenue 7.2 6.8 14.0 13.7 0.3 Gross Profit 4.7 6.0 10.7 7.8 2.9 Segment EBITDA 4.1 5.2 9.3 7.1 2.2 Segment Profit 4.0 5.1 9.1 6.6 2.5 Segment Profit (%)
Slide 23: Outlook
OUTLOOK
Slide 24: Outlook / Conclusion
Annual General Meeting Title 29 November 2022 Outlook / Conclusion • Revenue improvements across all major markets. AGT enters the second half of calendar year 2022 with good momentum and expects to have continued growth in North America, further improvements in Latin America markets and steady perf
Slide 25: Formal Business
Annual General Meeting 29 November 2022 • Formal Business Significant scale, footprint and excellent market reputation. • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. • Disciplined M&A strategy to drive earnings growth.
Slide 26: Financial Statements and Reports
Annual General Meeting 29 November 2022 Financial Statements and Reports To receive and consider the Annual Financial Report, including the Director’s and Auditor’s Reports in resect of the financial year ended 30 June 2022. • Significant scale, footprint and excellent market reputation. Julie Clear
Slide 27: Resolution 1
Annual General Meeting 29 November 2022 Resolution 1 Re-election of Mr. Daniel Eric Gladstone, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant “That Mr. Daniel Eric Gladstone, scale, who retires in footprint and excellent accorda
Slide 28: Resolution 2
Annual General Meeting 29 November 2022 Resolution 2 Election of Ms. Heather Alice Scheibenstock, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, “That Ms. Heather Alice Scheibenstock, whofootprint retiresand in excellent
Slide 29: Resolution 3
Annual General Meeting 29 November 2022 Resolution 3 Approval of Remuneration Report To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, footprint and excellent market reputation. “That the Remuneration Report for the Company required by
Slide 30: Other Business
Annual General Meeting 29 November 2022 • Significant scale, footprint and excellent market reputation. OTHER BUSINESS • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. • Disciplined M&A strategy to drive earnings growth. 2
Slide 31: Ainsworth Game Technology
AINSWORTH GAME TECHNOLOGY 10 Holker St, Newington NSW www.agtslots.com
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