Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025. · NYSE:BRSL
Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025 — International Game Technology — Q1 2018 Earnings Presentation
20 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 21, 2018
Slide 1: Cautionary Statement Regarding Forward-Looking Statements
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 its consolidated subsidiaries (the “Company”) and
Slide 2: Agenda
Agenda Marco Sala, CEO Strategic Update 1 Alberto Fornaro, CFO Q1’18 Results 2 Q&A 3 3
Slide 3: Agenda
Agenda Grins Marco Sala, CEO Alberto Fornaro, CFO 28 58
Slide 4: Q1'18: A Strong Start to the Year
5 Significant profit expansion on broad-based momentum across all business segments Revenue up 5%, Adjusted EBITDA up 18% Robust global Lottery growth North America SSR up 11%; International up 4% Italy Lotto wagers up over 8% on acceptance of new games; Scratch & Win wagers rose 3% Third consecutiv
Slide 5: Q1'18: A Strong Start to the Year
6 Q1’18: A Strong Start to the Year Simplification and consolidation of North America region Full implementation of regional model Led by Renato Ascoli Well-positioned to pursue sports betting in the U.S. Decades of experience as international sports betting operator Scalable, turnkey solutions Long
Slide 6: 2018 First Quarter Financial Results
2018 FIRST QUARTER FINANCIAL RESULTS 7
Slide 7: Financial Highlights
Q1’18 Financial Highlights Adjusted Operating Income Adjusted EBITDA Diluted EPS Note: Adjusted results remove impact of purchase price amortization, impairment charges, restructuring expense and transaction expense (see appendix for details) EUR/USD FX daily average: 1.23 in Q1’18; 1.07 in Q1’17 Sc
Slide 8: North America Gaming & Interactive Highlights
Q1’18 North America Gaming & Interactive Highlights Revenue Key Performance Indicators Installed base up ~375 units sequentially on new casino openings and momentum from new games; lower y/y primarily due to large conversions in 2017 Gaming Service up modestly before ASC 606 Product Sales reflects s
Slide 9: North America Lottery Highlights
Q1’18 North America Lottery Highlights Revenue Key Performance Indicators Robust same-store revenue growth driven by higher jackpot activity and instants innovation, including new game introductions and larger format tickets Lottery Service reflects exit of low-margin contracts, lower effective rate
Slide 10: International Highlights
Q1’18 International Highlights Revenue Key Performance Indicators Strong growth on solid fundamentals and unusually low results in the prior year Lottery same-store revenue up on broad-based strength in most jurisdictions, including the U.K. Growth in the installed base more than offset by ASC 606,
Slide 11: Q1'18 Italy Highlights
Revenue Key Performance Indicators Strong constant currency revenue growth; Lottery and Sports Betting contributions offset higher Gaming Machine taxes Lotto Wagers up ~9% on high-teens 10eLotto growth; new “MillionDAY” draw game launched in February Scratch & Win wagers up on Miliardario momentum I
Slide 12: Net Debt and Leverage Profile
Net Debt and Leverage Profile 13 Net debt in line with year end at constant currency and adjusted for Italy restricted cash €500 million maturity of retired 6.625% Senior Secured Notes due in 2018 funded using borrowings under Term Loan Facility Leverage improved on stronger operating performance Ne
Slide 13: Cash Flow Statement
Q1’18 Cash Flow Statement Operating Cash Flow negatively impacted by several items: New accounting standard requiring restricted cash be included with cash in statement of cash flows Timing of Italy receivables Timing of incentive compensation payments CapEx in line with expectations 14 Cash Flow Q1
Slide 14: FY'18 Outlook
FY’18 Outlook 2018 adjusted EBITDA of $1,700 - $1,780 million Includes ~$10 - $15 million headwind from treatment of IP contracts per ASC 606 CapEx of $575 - $625 million Scratch & Win cash outlay of €750 million (€480 million net of partner contributions) to be reflected in Cash Flows From Operatin
Slide 15: FY'18 Outlook
FY’18 Outlook 2018 adjusted EBITDA of $1,700 - $1,780 million * Includes ~$10 - $15 million headwind from treatment of IP contracts per ASC 606 CapEx of $575 - $625 million Scratch & Win cash outlay of €750 million (€480 million net of partner contributions) to be reflected in Cash Flows From Operat
Slide 16: Income Statement (As Reported)
Q1’18 Income Statement (As Reported) 17 Income Statement Q1'18 Q1'17 % Change Service revenue 1,047 1,027 2% Product sales 160 126 27% Total Revenue 1,207 1,153 5% Adjusted EBITDA 436 371 18% Operating Income 197 119 65% Interest expense, net (107) (112) Foreign exchange (97) (47) Other 3 3 Financia
Slide 17: Reconciliation of Non-GAAP Measures
Q1’18 Reconciliation of Non-GAAP Measures 18 Q1 2018 Adjustments Q1 2018 As Purchase Foreign Restructuring Transaction As Reported Accounting Exchange Expense Expense, net Adjusted Total revenue 1,206,956 (177) - - - 1,206,779 Cost of services 618,058 (21,155) - - - 596,903 Cost of product sales 103
Slide 18: Reconciliation of Non-GAAP Measures
Q1’18 Reconciliation of Non-GAAP Measures 19 As Reported Q1'18 Q1'17 Net Income (65) (27) Provision for (benefit from) Income Taxes 61 (10) Non-Operating Expenses 201 156 Depreciation 98 92 Amortization 68 116 Amortization of Upfront Payments to Customers 57 49 Stock Compensation 14 1 Restructuring
Slide 19: Accounting and Legislation Changes — Impact to IGT
20 ASC 606 Effective 1/1/18 Provides guidance for accounting for revenue from contracts with customers Guiding principal is to recognize revenue when promised goods or services are transferred to customers rather than when legal title and risk of loss is transferred Income statement impact WAP jackp
Slide 20: Accounting and Legislation Changes — Impact to IGT
Accounting and Legislation Changes — Impact to IGT ASC 606 + Effective 1/1/18 + Provides guidance for accounting for revenue from contracts with customers. Guiding principals to recognize revenue when promised goods or sences ae wansferedto customers rather than when legal ite and risk of oss is tra
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