Slide 1: FY22 Financial Results
FY22 Financial Results April 11th, 2023
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations: This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “INTRALOT’s 2022 Financial Year results reflect robust performance and continuous improvements in all key financial indicators as the company delivered on its main business goals and as a result of intense efforts for capital structure optimizatio
Slide 4: Revenue Overview
Revenue Overview 69.9 (17.8%) RoW 22.7% B2C 234.7 (59.8%) Americas FY22 Revenue per FY22 Activity Line Revenue per 77.3% (%) 88.2 (22.5%) Geographical Region B2B/B2G Europe (in €) €392.8m €392.8m 12.0% 9.3% VLTs IT Products & Services 14.6% Sports Betting FY22 Revenue per Game Type 0.3% (%) Racing €
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations in € million 89.3 Q4 23% 9M 133.1 FY22 Revenues per -26.2 Contract Type (€m, %) 13% 50.5 7.7 64% Game management -25.2 89.3 252.9 12.6 Technology -4.9 -51.5 FY21 Malta Argentina FY22 Licensed operations 133.1 Revenue Evolution Drivers: 32%
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations 89.3 in € million Q4 23% 9M FY22 Revenues per Contract Type 5.8 5.9 252.9 (€m, %) 13% 5.7 4.1 -6.8 50.5 1.7 64% Game management 1.1 252.9 8.9 4.6 -0.9 Technology 10.2 233.5 -1.3 FY21 United States Australia Croatia Other FY22 Licensed ope
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations in € million 89.3 Q4 23% 9M 0.4 50.5 FY22 0.9 0.2 Revenues per 0.2 Contract Type 0.4 (€m, %) 13% 1.7 0.5 50.5 64% Game management 252.9 Technology 1.7 47.5 0.0 FY21 Turkey Morocco United States FY22 Licensed operations 133.1 Revenue
Slide 8: Consolidated Financial Statements for FY22
Consolidated Financial Statements for FY22 (in € million) FY22 FY21 % Change 4Q22 4Q21 % Change Revenue (Turnover) 392.8 414.0 -5.1% 91.0 111.2 -18.1% Technology, Management & Rest Contracts 309.6 285.7 8.4% 84.9 74.6 13.9% Licensed Operations (Payout related) 83.2 128.3 -35.2% 6.1 36.6 -83.3% Payou
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES1 EBITDA AND EBITDA MARGIN1 €m €m, % -5.1% 31.3% EBITDA Margin 414 on Sales 393 26.7% +11.3% 110 123 EBITDA 2021 2022 2021 2022 OPERATING CASH FLOW2 AND NET CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operating CF €m, # Net Debt/ EBITDA 108 Net CAPEX 4.5x 4.0x
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, FY22 (in €m) 100% control in Intralot Inc. US Debt Refinancing (€22.8m) 497.2 490.5 4.2 4.6 11.7 57.1 38.5 128.9 125.1 230.6 249.2 Net Debt, Free Cash Net Interest Share Capital US Minority New Credit SSNs 2025 Refinancing Other Gross Debt Net Debt, Dec 2021 Flow
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 2022 Key Revenue Contributors Key EBITDA Contributors 2021 (in €m) (in €m) 163.4 73.9 North America2 North America2 154.1 74.5 73.6 23.9 Europe3 Europe3 119.7 24.7 71.3 16.8 South America South America 60.9 15.4 25.1 18.1 Oceania Oceania 18.9 12.6 44.8 19.3 RoW4
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS April 2023 | Public | p. 12
Slide 13: FY22 – Group Income Statement
FY22 – Group Income Statement (in € million) FY22 FY21 % Change Revenue 392.8 414.0 -5.1% Gross Profit 127.7 113.8 12.2% Other Operating Income 24.9 21.6 15.2% OPEX (99.8) (96.0) 3.9% EBITDA 122.9 110.4 11.3% Margin 31.3% 26.7% + 4.6pps Capital Structure Optimization expenses (1.2) (17.2) -92.9% D&A
Slide 14: FY22 – Group Statement Of Financial Position
FY22 – Group Statement Of Financial Position (in € million) FY22 FY21 Tangible Assets (incl. investment properties) 116.3 123.2 Intangible Assets 208.6 204.3 Other Non-current Assets 56.0 49.0 Inventories 23.9 18.7 Trade and Other Short-term Receivables 109.9 105.1 Cash and Cash Equivalents 102.4 10
Slide 15: FY22 – Group Cash Flow
FY22 – Group Cash Flow (in € million) FY22 FY21 EBT from continuing operations 29.8 37.1 EBT from discontinued operations 5.6 (7.9) Plus/less adjustments 89.9 86.9 Decrease/(increase) of inventories (6.5) (2.4) Decrease/(increase) of receivable accounts (6.8) 23.2 (Decrease)/increase of payable acco
Slide 16: intralot
intralot