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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 — Q1 2017 Earnings Presentation
19 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 25, 2017
Slide 1: Agenda
5/25/2017 Agenda Marco Sala, CEO, International Game Technology PLC Strategic Update 1 Alberto Fornaro, CFO, International Game Technology PLC Q1’17 Results 2 Q&A 3 2
Slide 2: 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 its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intent
Slide 3: 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 cer
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: Q1'17: A Dynamic Period with Important Strategic Progress
5/25/2017 6 Unusually high revenue and profit comparisons Jackpot and Late Numbers activity Large gaming system and software sales New Italy Lotto concession Strengthened global Lottery leadership Solid underlying growth First AuroraTM installation Significant progress on Italy Lotto terminal upgrad
Slide 6: Bringing innovation to market in 2017
5/25/2017 7 Bringing innovation to market in 2017 Several new cabinets planned for second half Expect improved North America and International trends Positive early reviews on new products Adopting new business model in social casino Strategic partnership with DoubleU Games Monetizing non-core asset
Slide 7: 2017 First Quarter Financial Results
2017 FIRST QUARTER FINANCIAL RESULTS
Slide 8: Q1'17 Financial Highlights
Revenue Adjusted Operating Income Q1’17 Financial Highlights Adjusted EBITDA Diluted EPS $ M except EPS -9% -17% -21% Notes: As adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transaction expense (see appendix for details) Notes: $/€ FX da
Slide 9: Q1'17 North America Gaming & Interactive Highlights
Developments Q1’17 North America Gaming & Interactive Highlights Revenue $ M Key Performance Indicators Service revenue impacted by lower installed base; WAP yields positive Y/Y (Wheel of Fortune®, Megabucks®) DoubleDown reflects lower DAUs Y/Y; monetization improved Product sales reflect comparison
Slide 10: Q1'17 International Highlights
$ M Revenue Developments Key Performance Indicators Q1’17 International Highlights 2% same-store revenue growth on strength in Latin America and Europe, partially offset by continued weakness in the U.K., including elevated jackpot activity Y/Y Gaming service revenue primarily impacted by exiting fr
Slide 11: Q1'17 Italy Highlights
$ M Revenue Developments Key Performance Indicators Q1’17 Italy Highlights Revenue impacted by new Lotto concession terms Lotto wagers primarily reflect lower contribution from Late Numbers, partially offset by continued growth in 10eLotto/Numero ORO; Scratch & Win stable Machine Gaming revenue up o
Slide 12: Debt and Leverage Profile
$ M Debt and Leverage Profile Net debt improved compared to year-end 2016 Net Debt/LTM Adj. EBITDA 4.31x 4.44x 5/25/2017 14 7,569 (371) 210 8 (131) 172 13 (123) 7,347 51 7,398 12/31/16 @ 1.05 EBITDA Interest Exp. - Net Income Taxes Other Cash from Ops. Capex Minorities Other - (Net) Before FX FX 3/3
Slide 13: Q1'17 Cash Flow Statement
Q1’17 Cash Flow Statement $ M Strong Operating Cash Flow in Q1’17 - Includes approximately $211 million in cash interest paid - Disciplined working capital management Capex includes Italy Lotto network and infrastructure upgrades Other includes approximately $155 million from sale of the Reno, Nevad
Slide 14: FY'17 Outlook
FY’17 Outlook 2017 adjusted EBITDA of $1,600 - $1,680 million Assumes closing of DoubleDown transaction before end Q2’17 Includes impact of new gaming machine taxes in Italy Prior outlook was for adjusted EBITDA of $1,680 - $1,760 million CapEx for lottery and gaming installed base, ex-Lotto $525-$5
Slide 15: FY'17 Outlook
” FY'17 Outlook 2017 adjusted EBITDA of $1,600 - $1,680 million + Assumes closing of DoubleDown transaction before end Q2°17 + Includes impact of new gaming machine taxes in tly + Prior outlook was for adjusted EBITDA of $1,680 - $1,760 milion CapEx for lottery and gaming installed base, ex-Lotto +
Slide 16: Q1'17 Income Statement (As Reported)
Note: $/€ FX daily average: 1.07 in Q1’17; 1.10 in Q1’16 $ M except EPS Q1’17 Income Statement (As Reported) 5/25/2017 18 % Constant Currency Income Statement Q1'17 Q1'16 Change Q1'17 % Chg. Service Revenue 1,027 1,136 -10% 1,046 -8% Product Sales 126 146 -14% 126 -14% Total Revenue 1,153 1,282 -10%
Slide 17: Q1'17 Reconciliation of Non-GAAP Measures
Q1’17 Reconciliation of Non-GAAP Measures $ M except EPS 5/25/2017 19 Adjustments 1Q'17 As Purchase Foreign Impairment/ Trans. 1Q'17 As Reported Accounting Exchange Restructure Expense Adjusted Total Revenue 1,153 (1) - - - 1,152 Cost of Services 625 (44) - - - 581 Cost of Sales 114 (29) - - - 85 SG
Slide 18: Q1'17 Reconciliation of Non-GAAP Measures
Q1’17 Reconciliation of Non-GAAP Measures $ M 5/25/2017 20 As Reported Q1'17 Q1'16 Net Income (27) (86) Benefit from Income Taxes (10) (9) Non-Operating Expenses 156 283 Amortization 116 125 Depreciation 92 99 Amortization of Upfront Payments to Customers 50 28 Stock Compensation 1 9 Restructuring E
Slide 19: Q1'17 Reconciliation of Non-GAAP Measures
Q1'17 Reconciliation of Non-GAAP Measures “ ‘As Reported Net Income 7) (86) Benefit from Income Taxes (10) O) Non-Operating Expenses 156 283 Amortization 116 125 Depreciation 92 99 Amortization of Upfront Payments to Customers 50 28 Stock Compensation 1 9 Restructuring Expense 9 9 Non-Cash Purchase
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