Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Shareholder Meeting (November 2020)
20 slides from Ainsworth Game Technology's shareholder meeting presentation, Nov 26, 2020
Slide 1: 2020 Annual General Meeting (AGM) Presentation
Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street, Newington NSW 2127 Tel: +61 2 9739 8000 www.agtslots.com 26 November 2020 ASX Market Announcements Office Exchange Centre 20 Bridge Street Sydney NSW 2000 ELECTRONIC LODGEMENT 2020 Annual General Meeting (AGM) Presentation We attach
Slide 2: Annual General Meeting
ANNUAL GENERAL MEETING AINSWORTH GAME TECHNOLOGY LIMITED
Slide 3: Agenda
AGENDA 1. Welcome 2. Chairman’s Address 3. Chief Executive Officer’s Address 4. Annual General Meeting 2
Slide 4: Chairman's Address
Chairman’s Address • Significant scale, footprint and excellent market reputation. Presentation by Danny Gladstone • 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. 3
Slide 5: Results Summary
Results Summary • Sales revenue $149.4m, down 36% on pcp. • Loss after tax $43.4m compared to profit after loss of $10.9m in pcp. • Full year positive underlying EBITDA of $5.8m (H1 $18.5m / H2 -$12.7m). • Slight decline in gaming operations. Recurring revenues account for 26% of group total: o 6,46
Slide 6: Gaming Operations and International Sales Contribution
Gaming Operations and International Sales Contribution 5
Slide 7: Product Development
Product Development • Ainsworth game development and approval continued throughout COVID-19 interruptions – providing strong future portfolio pipeline. • A-StarTM dual and curve cabinet approvals across multiple global markets enabling a high- quality platform for future growth. • An innovative rang
Slide 8: Chief Executive Officer's Address
Chief Executive Officer’s Address • Significant scale, footprint and excellent market reputation. Presentation by Lawrence Levy • Re-evaluation and focus on investment in R&D to drive growth. • Achieve growth opportunities in established and new markets. • Disciplined M&A strategy to drive earnings
Slide 9: Profit & Loss summary
Profit & Loss summary • Revenue drop predominately impacted by 12 months to 12 months to 12 months COVID-19 that adversely hit our markets A$m 30-Jun-2020 AASB 16 30-Jun-2020 to 30-Jun- Change in Q4. Leases (%) Statutory Underlying 2019 Domestic revenue 28.3 28.3 36.1 (22%) • Loss before tax (exclud
Slide 10: MTD Gaming Acquisition
MTD Gaming Acquisition • Completed the asset acquisition of MTD Gaming in H2FY20 with an immediate and positive impact to EBITDA. • Complementary product line with premium performing Poker, Keno, and Video Reel content. • Provides access to Multi-Game and Video Lottery Terminal markets. • Expands ou
Slide 11: Staff Headcount and Operating Costs
Staff Headcount Australia and Rest of the World Americas # Staff FY20 FY19 # Staff FY20 FY19 Sales 32 35 Sales 23 33 Service 67 76 Service 48 55 Production 28 31 Production 61 77 Administration 34 38 Administration 40 49 R&D 127 135 R&D 47 49 Total Staff Numbers - Australia & Rest of the Total Staff
Slide 12: Segment Result Summary
Segment Result Summary North America FY2020 FY2019 Change (%) Revenue A$m 72.1 114.0 (37%) Segment profit A$m 25.3 47.1 (46%) Sales volume units 1,430 2,952 (52%) Game Operations – Installed Base units 2,327 2,190 6% Latin America Revenue A$m 42.0 72.7 (42%) Segment profit A$m 2.3 24.0 (90%) Sales v
Slide 13: FY21 Execution Priorities
FY21 Execution Priorities Summary of FY21 Execution Priorities: 1. Expand footprint in HHR products. 2. Continue to grow unit sales across all markets. 3. Increase gaming operations units – develop specific game content. 4. Focus on R&D to continually produce new, innovative and intuitive games. 5.
Slide 14: Outlook
Title Outlook Focus on protecting AGT should a protracted downturn eventuate • AGT cautiously expects the challenging market conditions experienced in 2HFY20 to continue through to 1HFY21. • For 1HFY21 we expect to report a Loss Before Tax, excluding the impacts of foreign exchange and one-off items
Slide 15: Financial Statements and Reports
Financial Statements and Reports • Significant scale, footprint and excellent market reputation. To receive and consider the Annual Financial Report including the Directors’ and Auditor’s Reports in respect of the financial year ended • 30 June Re-evaluation 2020. and focus on investment in R&D to d
Slide 16: Resolution 1: Re-election of Graeme John Campbell
Resolution 1 Re-election of Mr. Graeme John Campbell, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: • Significant scale, footprint and excellent market reputation. “That Mr. Graeme John Campbell, who retires in accordance with Rule 7.1(f) of
Slide 17: Resolution 2: Re-election of Harald Michael Karl Neumann
Resolution 2 Re-election of Mr. Harald Michael Karl Neumann, as Director To consider, and if thought fit, to pass the following resolution as an ordinary resolution: “That Mr. Harald Michael Karl • Significant Neumann,scale, whofootprint retiresand in excellent marketwith accordance reputation. Rule
Slide 18: Resolution 3: Approval of Remuneration Report
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 section 250R(2) of the Corporations Act
Slide 19: Other Business
• 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. 18
Slide 20: Ainsworth Game Technology
AINSWORTH GAME TECHNOLOGY 10 Holker St, Newington NSW www.agtslots.com
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