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 — Brightstar Lottery — Q4 2024 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, Feb 25, 2025
Slide 1: Period ended December 31, 2024
Period ended December 31, 2024 1
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: Strategy Update
STRATEGY f~ UPDATE
Slide 4: FY'24: A Year of Momentous Transformation
FY’24: A Year of Momentous Transformation Announced sale of Gaming & Digital business for $4.05B in cash Generated >$1B in consolidated cash from operations; ~$660M in consolidated free cash flow,* 80+% from continuing operations Revenue of $2.5B driven by sustained growth in instant ticket & draw g
Slide 5: Innovation Propels Progressive Momentum of Instant Ticket & Draw Game Wagers
Innovation Propels Progressive Momentum of Instant Ticket & Draw Game Wagers in Q4’24 & FY’24 FY’19-FY’24 SSS Q4’24 FY’24 Gross Wagers* by Game Type iLottery Wagers* CAGR U.S. & Canada (0.7%) (3.3%) 4.3% $ in millions 106,398 106,050 Instants & Draw 2.2% (0.5%) 4.0% 88,863 Multi-state Jackpots (20.2
Slide 6: Best-in-class Technology & Services, Deep Customer Relationships Drive Contract Wins & Extensions
Best-in-class Technology & Services, Deep Customer Relationships Drive Successful Contract Wins & Extensions FM Contract Awards FM Contract Extensions Instant Ticket Services (5 years) (9 years) (3 years) (3 years) (10 years) (7 years) (10 years) (3 years) (7 years) (3-year extension) 6
Slide 7: Unmatched Capabilities Support Important Investments to Drive Long-term Growth & Shareholder Returns
Unmatched Capabilities Support Important Investments to Drive Long-term Growth & Shareholder Returns 2024: a year of significant accomplishments with key strategic initiatives Key areas of focus in 2025: Winning important contracts in Italy & Texas Investment in content & technologies to fuel future
Slide 8: Financial Results
FINANCIAL RESULTS + Saleal a Win 82000
Slide 9: Summary of Q4'24 & FY'24 Financial Results
Summary of Q4’24 & FY’24 Financial Results Note: EUR/USD FX daily average 1.07 in Q4’24, 1.08 in Q4’23, 1.08 FY’24, 1.08 FY’23 Amounts in millions unless otherwise noted *Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for furt
Slide 10: Q4'24 & FY'24 Growth in Instant Ticket & Draw Wagers Offset by Timing of U.S. Jackpot Activity
Q4’24 & FY’24 Growth in Instant Ticket & Draw Wagers Offset by Timing of U.S. Jackpot Activity & Product Sales Revenue 35 -29 3 -17 -9 2,529 2,521 2,512 335 322 Same-store Elevated Product 321 RoW sales growth activity in PY volume & mix Italy 934 U.S. & Canada 970 968 1,260 1,230 1,223 FY’23 Instan
Slide 11: Solid Profit Generation in Q4'24 & FY'24
Solid Profit Generation in Q4’24 & FY’24 Income from Continuing Operations Adjusted EBITDA 1,214 -25 -26 17 -7 1,174 -4 1,170 Growth in Higher Lower legal Primarily core, volume & costs investment in recurring margin mix cloud business in PY capabilities Non-cash Q4’24 offset by PY EUR/USD discrete
Slide 12: Generated Strong Free Cash Flow in FY'24; Significant Cash Infusion Upon Closing of Sale
Generated Strong Free Cash Flow in FY’24; Significant Cash Infusion Upon Closing of Sale Transaction $689M $149M $540M $161M $4.05B FY’24 FY’24 FY’24 FY’24 Gross proceeds from Cash from Operations CapEx Free Cash Flow Cash dividends paid to Gaming & Digital sale from continuing (continuing operation
Slide 13: Focused on Sustainable, Structural Cost Savings to Help Fund Investments
Focused on Sustainable, Structural Cost Savings to Help Fund Investments in Business Strategic initiatives driving structural savings OPtiMa 3.0 expected to deliver $40M in annual savings over next two years Incremental opportunities under review primarily focused on productivity actions & operation
Slide 14: Strong Core, Recurring Business Provides Solid Foundation Heading into Elevated CapEx Cycle
Strong Core, Recurring Business Provides Solid Foundation Heading into Elevated CapEx Cycle FY’25 Outlook (Continuing Operations) • Total revenue up low-to-mid single digits: Revenue $2.55 - $2.65B • Global SSS up low-single-digits • Higher product sales, primarily instant ticket services growth • H
Slide 15: Well-positioned to Strengthen Our Global Lottery Leadership
Well-positioned to Strengthen Our Global Lottery Leadership Investing in the Solid Q4’24 Robust Cash Significant Cash Future to Secure & FY’24 Financial Generation; Pro forma Infusion Upon Closing Revenue & Cash Results Net Debt Leverage of Gaming & Digital Sale Flow, Extend 2.4x Portfolio Duration
Slide 16: Questions
eCoweRms
Slide 17: Appendix
APPENDIX
Slide 18: U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits
U.S. Multi-state Jackpots & Related LMA Contract Impacts on Sales & Profits U.S. Multi-state Jackpots Over $1B ($ billion) Revenue & profit from U.S. multi-state jackpot Powerball Mega Millions sales is recognized in “real time” 1.9 LMA contracts provide for potential incentives or 1.8 penalties bas
Slide 19: FY'24 Revenue & Profit Profile – Continuing Operations
FY’24 Revenue & Profit Profile – Continuing Operations Wager-based Revenue Revenue by Type Revenue by Geography by Game Type Profit Margins 5% 47% 6% 13% 49% 27% 94% 38% 95% 11% Service Product Sales U.S. & Canada Italy Rest of world Instant Ticket & Draw U.S. Multi-state Jackpots Income from contin
Slide 20: Strengthening Leadership in Responsible Gaming & Good Corporate Citizenship
Strengthening Leadership in Responsible Gaming & Good Corporate Citizenship 20
Slide 21: Lottery Sales Have Steady Growth Profile and Proven Resilience
Lottery Sales Have Steady Growth Profile and Proven Resilience U.S. Lottery Industry Sales ($B) IGT Italy Lottery Sales (€B) March 2001– Sep 2001 March 2008–June 2009 March 2020– June 2020 June 2001 - Dec June 2003 – Sep June 2008 - June Sep 2011- March Dec 2019 - June 25 100 20 80 15 60 40 10 20 5
Slide 22: Q4'24 & FY'24 Select Performance & KPI Data
Q4’24 & FY'24 Select Performance & KPI Data Constant Constant Currency Currency Revenue Q4'24 Q4'23 Y/Y Change Change FY'24 FY'23 Y/Y Change Change Service Instant ticket & draw wager-based revenue 511 500 2% 4% 1,989 1,957 2% 2% U.S. multi-state jackpot wager-based revenue 26 33 (21%) (21%) 101 130
Slide 23: Q4'24 & FY'24 Select Performance & KPI Data
Q4’24 & FY'24 Select Performance & KPI Data Q4'24 Constant Q4'23 Constant FY'24 Constant FY'23 Constant Same-store revenue growth (%) at constant currency Currency Currency Currency Currency (Same-store sales inclusive of contract mix) (1) Change Change Change Change Global Instant ticket & draw gam
Slide 24: Q4'24 & FY'24 Summarized Income Statements
Q4’24 & FY’24 Summarized Income Statements For the three months ended For the year ended December 31, 2024 December 31, 2024 All amounts from continuing operations Q4'24 Q4'23 Y/Y Change (%) FY'24 FY'23 Y/Y Change (%) Service revenue 591 592 —% 2,363 2,358 —% Product sales 60 89 (32%) 149 171 (13%)
Slide 25: Q4'24 & FY'24 Summarized Cash Flow Statements
Q4’24 & FY’24 Summarized Cash Flow Statements For the three months ended For the year ended December 31, 2024 December 31, 2023 Q4'24 Q4'23 FY'24 FY'23 Net cash provided by operating activities from continuing operations 199 295 689 916 Capital expenditures (45) (43) (149) (147) Free Cash Flow 154 2
Slide 26: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures For the three months ended For the year ended December 31, December 31, 2024 2023 2024 2023 Income from continuing operations 116 73 271 265 Provision for income taxes 89 15 250 223 Interest expense, net 46 54 206 207 Foreign exchange (gain) loss, net (75) 52 (52
Slide 27: Reconciliations of Non-GAAP Measures - QTD
Reconciliations of Non-GAAP Measures - QTD For the three months ended December 31, For the three months ended December 31, All amounts from continuing operations 2024 2023 Pre-Tax Impact Tax Impact (1) Net Impact Pre-Tax Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attrib
Slide 28: Reconciliations of Non-GAAP Measures - YTD
Reconciliations of Non-GAAP Measures - YTD For the year ended December 31, For the year ended December 31, All amounts from continuing operations 2024 2023 Pre-Tax Impact Tax Impact (1) Net Impact Net Impact Tax Impact (1) Net Impact Reported EPS from continuing operations attributable to IGT PLC -