Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Investor Presentation (September 2023)
33 slides from Ainsworth Game Technology's investor presentation, Sep 1, 2023
Slide 1: Investor Presentation - Six Months Ended 30 June 2023
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com.au 31 August 2023 ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000 ELECTRONIC LODGEMENT Investor Presentation -Six Months Ended 30 June 2023 We
Slide 2: Investor's Presentation: Results for 6 months ending 30 June 2023
Investor’s Presentation Results for 6 months ending 30 June 2023 Ainsworth Game Technology Limited 1 ABN 37 068 516 665 | ASX Code: AGI
Slide 3: Disclaimer
Disclaimer IMPORTANT NOTICE • This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. All statutory r
Slide 4: Agenda
Agenda • Results Summary • Consolidated Results • Segment Performance • Land Based Gaming Products • Online • Conclusion 3
Slide 5: Results Summary
Results Summary 4
Slide 6: Results Summary
Results Summary • Profit before tax normalised for currency and one-off items of $23.3m for the 6 months ended June 2023 (“Current period”), an improvement of 24% compared the 6 months ended 31 December 2022 (“prior half”) and the 6 months ended 30 June 2022 (“PCP”). • North America continues to be
Slide 7: Gaming Operations
Gaming Operations with recurring revenues and steady international sales contribution 6
Slide 8: Consolidated Results
‘“« #**' Consolidated - Results Bey |e lk iW VEN aan ee
Slide 9: Profit & Loss Summary
Profit & Loss Summary 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Domestic revenue 17.9 23.2 22.2 (5.3) (4.3) International revenue 125.7 100.9 97.3 24.8 28
Slide 10: Results Adjusted for Currency Movement and One-off Items
Results Adjusted for Currency Movement and One-off Items 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Profit Before Tax 7.9 7.3 1.9 0.6 6.0 Foreign currency
Slide 11: Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA
Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA 6 months 6 months 6 months ended ended ended Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) Reconciliation: Profit Before Tax 7.9 7.3 1.9 0.
Slide 12: Operating Costs
Operating Costs 6 months 6 months 6 months 6 months to 6 months to ended ended ended 30 Jun 2023 30 Jun 2023 Current period vs Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 at Prior half at PCP currency Prior half PCP In millions of AUD (Current period) (Prior half) (PCP) currency basis bas
Slide 13: Staff Headcount
Staff Headcount # Staff 30-Jun-23 31-Dec-22 30-Jun-22 Australia and Rest of the World Sales 31 31 27 Service 56 51 54 Production 30 26 26 Administration 22 22 22 R&D 96 97 93 Total Staff Numbers - Australia & Rest of 235 227 222 the World Americas Sales 27 31 32 Service 63 61 59 Production 58 53 46
Slide 14: Net Profit Bridge – Current period vs PCP
Net Profit Bridge – Current period vs PCP 35 30 3.3 25 5.7 Millions of AUD 20 0.8 1.9 13.2 8.4 15 6.8 10 3.6 0.9 5 12.7 4.2 2.7 9.2 4.4 0 PAT Product License fees Gaming Service COGS Other Overheads D&A Other Forex Net interest Tax PAT pcp sales operations revenue income expenses current period • Re
Slide 15: Balance Sheet
Balance Sheet In millions of AUD 30-Jun-23 31-Dec-22 30-Jun-22 Total assets 429.6 425.7 406.5 Net assets 327.9 320.2 311.3 Total debt - 0.6 - Net cash 24.6 29.3 45.8 Debt Ratios 30-Jun-23 31-Dec-22 30-Jun-22 Debt ratio (Total liabilities / Total assets) 24% 25% 23% Debt to equity ratio (Total liabil
Slide 16: Cash Flow Statement
Cash Flow Statement • Cash balance as at 30 June 2023 was affected by payments for investments in Argentina to hedge the rapid devaluation of Pesos against USD. • Improvement in operating activities cash flow driven by discipline working capital management. 6 months 6 months ended ended Current peri
Slide 17: Segment Performance
Segment Performance Segment Performance 1 6
Slide 18: North America
North America 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 68.5 59.7 60.5 8.8 8.0 Gross Profit 43.8 43.4 38.8 0.4 5.0 Segment EBITDA 35.5 36.7 33.8 (
Slide 19: North America Product Highlight
North America Product Highlight • Strong performance of new Squish ReelsTM game in South Dakota. • New games set expected to be launched in Louisiana, following the success of previous games. • First set of games being installed in Nevada in July 2023. • Next generation of Gambler’s GoldTM to add su
Slide 20: Latin America & Europe
Latin America & Europe 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 45.5 33.2 30.3 12.3 15.2 Gross Profit 29.5 21.8 18.4 7.7 11.1 Segment EBITDA 21.3
Slide 21: Asia Pacific (Australia, NZ and Asia)
Asia Pacific (Australia, NZ and Asia) 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 21.2 24.9 22.7 (3.7) (1.5) Gross Profit 5.1 8.0 7.5 (2.9) (2.4) Se
Slide 22: Online
Online 6 months 6 months 6 months Current ended ended ended Current period vs 30 Jun 2023 31 Dec 2022 30 June 2022 period vs PCP Prior half In millions of AUD (Current period) (Prior half) (PCP) Revenue 8.4 6.4 5.9 2.0 2.5 Gross Profit 8.4 6.4 5.9 2.0 2.5 Segment EBITDA 8.1 5.5 5.3 2.6 2.8 Segment P
Slide 23: Land Based Gaming Products
Land Based Gaming Products 2 2
Slide 24: Key Market Highlights
Key Market Highlights NORTH AMERICA • Released Treasure SpiritsTM, Cash Stacks GoldTM and Ultra ShotTM game series, each showing measurable improved performance in Class III markets. • Placed 400+ HHR games in route at Victoryland Casino (Alabama). • Growth in VLT space includes 250 units placed in
Slide 25: Key Market Highlights
Key Market Highlights LATIN AMERICA • Demand continues to grow for the A-STARTM cabinets. • Overall product performance is at 1.13x Coin In and 1.21x Net Win, with market share of 7.7% or 27,000 machines placed. • Multi-WinTM brand games continue to dominate the dual screen cabinet. • Xtension LinkT
Slide 26: Key Market Highlights
Key Market Highlights Asia Pacific • Grand FortuneTM continues to show solid performance and a consistent increase in install numbers 4+ months post release in NSW and QCOM markets. Performance has been boosted by the release of games 3 and 4 and will be further supported by the release of games 5 a
Slide 27: Game Development Investments
Game Development Investments Clear Product Strategy • Continue on globalisation utilising key tentpole products – Treasure SpiritsTM, Cash Stacks GoldTM, Ultra ShotTM and Grand FortuneTM. • Focus on leveraging High Denom content with new concepts and utilising key brands – Thunder Cash ClassicTM and
Slide 28: Online
EGOC To cneare INSWORTFEI as INTERACTIVE
Slide 29: B2B Real Money Gaming (RMG) & Social Casinos
B2B Real Money Gaming (RMG) & Social Casinos Ainsworth Interactive is an online B2B Real Money Gaming (RMG) and social casino content supplier offering digital slot games in the iGaming industry. Ainsworth Interactive is positioned as a major iGaming provider in Latin America and North America with
Slide 30: B2B Real Money Gaming (RMG): LATAM
B2B Real Money Gaming (RMG) LATAM 2 9
Slide 31: Conclusion
Conclusion 3 0
Slide 32: Conclusion
Conclusion • Revenue improvements across Americas markets compared to pcp and prior half. AGT enters the calendar year 2023 with good momentum and expects to have continued growth in North America. • Release of A-STAR 100TM with range of innovative product suites at AGE 2023 was well received and it
Slide 33: Ainsworth Game Technology
Ainsworth Game Technology 10 Holker St, Newington NSW www.agtslots.com 3 *All trademarks, logos and brand names are the properties of their respective owners 2
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