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 — Q2 2021 Earnings Presentation
28 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Aug 3, 2021
Slide 1: 2021 Second Quarter Results
1 International Game Technology PLC 2021 Second Quarter Results Period ended June 30, 2021 August 3, 2021
Slide 2: 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 3: Business Update
Business Update 3 Business Update
Slide 4: Impressive Q2'21 Results Confirm Vitality of Portfolio
Impressive Q2'21 Results Confirm Vitality of Portfolio Revenue up over 70% on outstanding Global Lottery performance, progressive recovery in land-based Global Gaming, and significant growth in Digital & Betting activities Structural cost reductions tracking ahead of plan Once again, among highest A
Slide 5: Innovation Driving Stronger Global Lottery Growth Profile
Innovation Driving Stronger Global Lottery Growth Profile 5 Global Same-Store Sales (Y/Y) 4% 6% 2% (5)% (7)% (9)% 9% 8% 32% 35% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 35% SSS growth and a 24% increase over Q2’19 on broad-based gains across games and regions ◦ 21% growth in North
Slide 6: Global Gaming Recovery Progressing Nicely
Global Gaming Recovery Progressing Nicely 6 Global markets mostly open, some restrictions still in place outside the U.S. Recurring revenue recovering swiftly; sequential improvement in U.S. active units and installed base yields Improved unit sales both Y/Y and sequentially Growing adoption of IGT'
Slide 7: Spotlight on Digital & Betting: Building on Leadership Positions
Sports Betting Spotlight on Digital & Betting: Building on Leadership Positions Leveraging deep and proven land-based portfolio Success developing digitally native games that are among the strongest performing ever (Cash Eruption) Working with third parties to complement our proprietary IP Deploying
Slide 8: Strong Player Demand, Disciplined Execution Drive Improved Outlook
Strong Player Demand, Disciplined Execution Drive Improved Outlook 8 Top-line momentum supported by attractive long-term Lottery industry trends, Global Gaming recovery, and high-growth Digital & Betting activities Substantial cost savings already achieved, increasing profit margin and cash flow out
Slide 9: Financial Results
9 Financial Results
Slide 10: Significant Profit Growth in Q2'21 and YTD Periods
10 Quarter Ended Year-To-Date All amounts from continuing operations, unless otherwise noted June 30, June 30, 2021 2020 2021 2020 GAAP Financials: Revenue 1,041 600 74% 2,055 1,414 45% Operating income (loss) 244 (72) NA 504 (290) NA Net income (loss)(1) 365 (282) NA 514 (516) NA Net income (loss)
Slide 11: Q2'21 Financial Highlights: Impressive Operating Leverage on Robust Revenue Growth
(72) 244 Q2'20 Q2'21 164 442 Q2'20 Q2'21 11 Note: $ in millions; EUR/USD FX daily average: 1.20 in Q2'21, 1.10 in Q2'20; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix fo
Slide 12: Global Lottery Highlights: Strong Player Demand Drives Near-Record Results
460 228 2 1 691 34 725 Q2'20 Lottery Service Other Service Product Sales Excluding FX FX Q2'21 Q2'21 Global Lottery Highlights: Strong Player Demand Drives Near-Record Results and Profit Growth 12 Q2'21 Q2'20 Y/Y % change as reported Y/Y % change at constant FX Q2'19(1) % change as reported Revenue
Slide 13: Q2'21 Global Gaming Highlights: Continued Recovery Drives Return to Profitability
Q2'21 Global Gaming Highlights: Continued Recovery Drives Return to Profitability 13 Service revenue more than doubles; on path to achieve Q4'19 levels in Q4'21 Progressive quarterly increase in machine units sold since Q2'20 Digital & Betting(1) revenue up over 40% Profitability measures significan
Slide 14: Strong Cash Generation Continues; Net Debt Leverage Improves to 4.3x
127 (54) 73 Strong Cash Generation Continues; Net Debt Leverage Improves to 4.3x 14 Generated $500M in cash from operating activities and $380M in free cash flow YTD Net debt lower by over $1.0 billion, as reported, $866M excluding foreign currency impact ◦ Strong YTD financial results including sol
Slide 15: Significantly Improved Balance Sheet with Lower Debt and Longer Maturities
Significantly Improved Balance Sheet with Lower Debt and Longer Maturities; No Significant Debt Maturity Until 2024 15 Euro Notes 35% Note: $ in millions, except where noted otherwise Total liquidity of $1.9B at quarter end; $639M in unrestricted cash and $1.3B in additional borrowing capacity Net p
Slide 16: Outstanding YTD Operating Results; Improved Financial Condition
Outstanding YTD Operating Results; Improved Financial Condition 16 Sustained Global Lottery performance drives near-record results; progressive recovery in Global Gaming results in sequential and Y/Y growth in revenue, profit, and margins OPtiMa program ahead of schedule; ~2/3 of $200M+ structural c
Slide 17: H2'21 Outlook
Company's H2'21 outlook for revenue and operating income from continuing operations is ~$2 billion and ~$300 million, respectively, meaningfully higher Y/Y ◦ Global Lottery returns to more normal growth rates applied to higher levels of consumption; Q3-to-date SSS up double digits versus 2019 ◦ Glob
Slide 18: Q&A
18 Q&A
Slide 19: Appendix
19 Appendix
Slide 20: Q2'21 Select Performance and KPI Data: Global Lottery
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q2'21 Select Performance and KPI Data 20 GLOBAL LOTTERY Q2'21 Q2'20 Y/Y Change (%) Constant Currency Change (%) (1) Q1
Slide 21: Q2'21 Select Performance and KPI Data: Global Gaming
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details (2) Excluded from yield calculations due to treatment as sales-type leases Q2'21 Select Performance and KPI Data 21 GL
Slide 22: Q2'21 Select Performance and KPI Data: Global Gaming (Continued)
$ in millions except otherwise noted (1) Excludes Casino L/T lease units due to treatment as sales-type leases; comparability on a Y/Y basis hindered due to fewer active units Q2'21 Select Performance and KPI Data 22 GLOBAL GAMING (Continued) Q2'21 Q2'20 Y/Y Change (%) Q1'21 Yields (by geography)(1)
Slide 23: Q2'21 Select Performance and KPI Data: Consolidated
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 (2) Included within consolidated revenue Q2'21 Select Performance and KPI Data 23 CONSOLIDATED Q2'21 Q2'20 Y/Y Change (%) Constant Currency Change (%) (1) Q1'21 Sequential Change as Reported (%) Revenue (by geography
Slide 24: Q2'21 Summarized Income Statement
$ in millions except per share amounts (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q2'21 Summarized Income Statement 24 Q2'21 Q2'20 Y/Y Change (%) Service revenue 901 522 73 % Product sales 140 78 81
Slide 25: Summarized Cash Flow Statement
Summarized Cash Flow Statement 25 For the three months ended For the six months ended June 30, March 31, June 30, 2021 2020 2021 2021 2020 Net Cash Flows Provided by Operating Activities 249 127 251 500 153 CapEx (73) (54) (48) (121) (140) Free Cash Flow(1) 176 73 204 380 13 Cash Flow Provided by Di
Slide 26: Reconciliations of Non-GAAP Measures: Three Months Ended June 30, 2021
26 For the three months ended June 30, 2021 Global Lottery Global Gaming Business Segment Total Corporate and Other Total IGT PLC Loss from continuing operations (39) Provision for income taxes 32 Interest expense, net 91 Foreign exchange loss, net 90 Other non-operating expense, net 70 Operating in
Slide 27: Reconciliations of Non-GAAP Measures: Six Months Ended June 30, 2021
Reconciliations of Non-GAAP Measures 27 For the six months ended June 30, 2021Global Lottery Global Gaming Business Segment Total Corporate and Other Total IGT PLC Income from continuing operations 100 Provision for income taxes 181 Interest expense, net 185 Foreign exchange gain, net (55) Other non
Slide 28: Summary of Adjusted EBITDA and Leverage
Summary of Adjusted EBITDA and Leverage From Continuing Operations and Including Discontinued Operations 28 $ in millions; all amounts presented reflect continuing operations unless otherwise noted (1) Adjusted EBITDA was $164 million, $261 million, and $365 million for the quarters ended June 30, 2
International Game Technology — Q2 2021 Earnings Presentation on 6ix