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 — Q3 2023 Earnings Presentation
37 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Oct 31, 2023
Slide 1: Period ended September 30, 2023
Period ended September 30, 2023 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
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Slide 4: Strong KPIs Across Segments Drive YTD Revenue & Profit Growth
Strong KPIs Across Segments Drive YTD Revenue & Profit Growth Revenue up 2% YTD; up 8% excluding Italy commercial services,(1) with growth across segments Double-digit increases for Global Gaming and PlayDigital Mid-single-digit growth in Global Lottery (ex-Italy commercial services) YTD operating i
Slide 5: Sustained, Steady Global Lottery Growth; Important Extensions Bolster Contract Portfolio
Sustained, Steady Global Lottery Growth; Important Extensions Bolster Contract Portfolio YTD same-store sales (SSS) up 4% on strength in Italy and elevated multi-state jackpot activity Italy SSS increased 7.8% with growth across game types U.S. & Rest of world SSS up 3.4% Secured key global faciliti
Slide 6: Unmatched Global Lottery Leadership on Display at NASPL
Unmatched Global Lottery Leadership on Display at NASPL Select NASPL Product Highlights: GameFlex 48 Digital Menu Board Retailer Pro S2 LotteryLink iLottery Solutions 6
Slide 7: Innovative Hardware and Popular Games Drive Broad-based Success in Global Gaming
Innovative Hardware and Popular Games Drive Broad-based Success in Global Gaming YTD revenue up 12%, operating income up 34% Unit shipments up 10% YTD, complemented by 7% increase in ASPs; maintain leading North American share DiamondRS™ driving 40+% market share in mechanical reel stepper shipments
Slide 8: G2E Highlights: We've Got Game!
G2E Highlights: We’ve Got Game! Premium/Leased Games For Sale Games DiamondRS™ SkyRise™ PeakCurve™ 49 PeakCurve™ 49 DiamondRS™ 27 PeakBarTop™ Premium Driving momentum in MLP Launch of award-winning hardware Video WAP growth Focus on innovation with proven game mechanics Expanding stepper leadership
Slide 9: PlayDigital Driving Growth Through Innovative Product Strategies
PlayDigital Driving Growth Through Innovative Product Strategies Key content strategies support strong iGaming GGR growth More than doubled capacity to create new game titles to ~60/year Distinctive capabilities provide compelling value to customers and players alike Delivering bespoke iCasino games
Slide 10: Strong Foundation for Growth & Value Creation
Strong Foundation for Growth & Value Creation On Track with Momentum FY’23 and FY’25 with Key ESG Financial Goals Initiatives Showcased Strong Strategic Pipeline of Innovative Evaluation Solutions at Recent Continues to Trade Shows Progress 10
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Slide 12: Strong Revenue & Profit Results in Q3'23; Financial Performance Meets or Exceeds Outlook
Strong Revenue & Profit Results in Q3’23; Financial Performance Meets or Exceeds Outlook Note: EUR/USD X daily average 1.09 in Q3’23, 1.01 in Q3’22, 1.08 YTD Q3’23, 1.06 YTD Q3’22 (1)Italy commercial services business was sold in September 2022 (2)Diluted EPS includes gain on sale of business and ac
Slide 13: Global Lottery Results Driven by Mid-single-digit SSS Growth in Italy & Elevated Jackpot Activity
Global Lottery Results Driven by Mid-single-digit SSS Growth in Italy & Elevated Jackpot Activity Revenue down 4% as reported; up 5% net of sale of Italy commercial services Revenue Global SSS increase 3.1% $601M Italy SSS up 4.7%, on continued strength in instant ticket & draw games North America &
Slide 14: Robust Revenue & Profit Growth in Global Gaming with Contributions Across the Product Portfolio
Robust Revenue & Profit Growth in Global Gaming with Contributions Across the Product Portfolio Revenue up 8%, primarily driven by installed base growth and higher system and software sales Global installed base of 52,627 units, up 472 units Revenue sequentially Growth balanced across U.S. & Canada
Slide 15: Strong iCasino Performance in U.S. & Canada Drives Higher Profit in PlayDigital
Strong iCasino Performance in U.S. & Canada Drives Higher Profit in PlayDigital Revenue stable Y/Y as iSoftBet acquisition anniversaries Growth in iCasino led by player demand for wide-area progressive games Exiting certain legacy iSoftBet jurisdictions Revenue Sports betting lower on unusually high
Slide 16: Solid YTD Cash Generation Drives Improved Leverage Profile; No Near-Term Debt Maturities
Solid YTD Cash Generation Drives Improved Leverage Profile; No Near-Term Debt Maturities YTD Cash Flows as of September 30, 2023 CFO includes $220M, ~$185M after tax, outflow in final settlement of the DDI/Benson matter $324M ~$300M ~$640M CapEx Free Cash Flow* Net debt leverage* improves to a histo
Slide 17: Tightening FY'23 Revenue Outlook to Upper End of Previous Range; Maintaining Profit Margin Outlook
Tightening FY’23 Revenue Outlook to Upper End of Previous Range; Maintaining Profit Margin Outlook FY’23 Outlook Q4’23 Key Outlook Assumptions Revenue of ~$1.1B Revenue ~$4.3B • Global Lottery revenue up low-to-mid single-digits vs PY • Global Gaming/PlayDigital revenue in line with PY Operating Inc
Slide 18: Delivered Strong Financial Results in Q3'23 and YTD'23; On Track to Meet FY'23 Outlook
Delivered Strong Financial Results in Q3’23 and YTD’23; On Track to Meet FY’23 Outlook Tightening FY’23 Solid Q3’23 and Revenue Outlook FY’23 Financial to Top End of Results Previous Range Improved Strong Leverage Profile Cash Flow Generation 18
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Slide 20: Appendix
APPENDIX
Slide 21: YTD'23 Snapshot of Revenue & Profit Profile
YTD’23 Snapshot of Revenue & Profit Profile Revenue by Segment Revenue by Type Revenue by Geography 5% 15% 21% 37% 58% 22% 79% 63% Lottery Gaming PlayDigital Service Product Sales U.S. & Canada Italy Rest of world Segment-level Segment-level Profit Margins Operating Income(1) Adjusted EBITDA(1) 4% 5
Slide 22: U.S. and Italy Lottery Markets Historically Demonstrate Resilience During Periods of Recession
U.S. and Italy Lottery Markets Historically Demonstrate Resilience During Periods of Recession U.S. Lottery Industry Sales ($B) IGT Italy Lottery Sales (€B) March 2001– Sep 2001 March 2008–June 2009 March 2020– June 2020 June 2001 - Dec 2001June 2003 – Sep 2003 June 2008 - June 2009 Sep 2011- March
Slide 23: U.S. Gaming GGR Reasonably Resilient in Prior Recession Periods
U.S. Gaming GGR Reasonably Resilient in Prior Recession Periods The U.S. represents ~70% of IGT’s Global Gaming segment revenue ~80% of U.S. revenue generated in regional markets, ~45% from Tribal customers U.S. Commercial Gaming GGR ($B) U.S. Tribal Gaming GGR ($B) March 2008–June 2009 March 2020–J
Slide 24: Q3'23 Select Performance and KPI Data
Q3'23 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL LOTTERY Q3'23 Q3'22 Y/Y Change Change Q2'23 Reported Revenue Service Operating and facilities management contracts 610 561 9% 5% 623 (2)% Upfront license fee amortization (47) (44) (9)% —% (47) —% Operating and facil
Slide 25: Q3'23 Select Performance and KPI Data
Q3'23 Select Performance and KPI Data Constant Sequential Currency Change as GLOBAL GAMING Q3'23 Q3'22 Y/Y Change Change Q2'23 Reported Revenue Service Terminal 136 126 7% 10% 128 6% Systems, software, and other 61 58 6% 6% 59 3% Total service revenue 197 184 7% 9% 188 5% Product sales Terminal 143
Slide 26: Q3'23 Select Performance and KPI Data
Q3'23 Select Performance and KPI Data GLOBAL GAMING (Continued) Q3'23 Q3'22 Y/Y Change Q2'23 Yields (by geography)(1), in absolute $ US & Canada $43.23 $43.73 (1)% $41.89 Rest of world $7.72 $6.32 22% $7.44 Total yields $30.32 $31.09 (2)% $29.56 Global machine units sold New/expansion 586 1,005 (42)
Slide 27: Q3'23 Select Performance and KPI Data
Q3'23 Select Performance and KPI Data Constant Sequential Currency Change as PLAYDIGITAL Q3'23 Q3'22 Y/Y Change Change Q2'23 Reported Revenue Service 55 54 1% —% 59 (7)% Product sales 1 — NM NM — NM Total revenue 55 54 1% 1% 59 (7)% Operating income 16 12 32% 36% 18 (16)% Adjusted EBITDA 19 16 16% 1
Slide 28: Q3'23 Summarized Income Statement
Q3'23 Summarized Income Statement For the three months ended September 30, Constant Currency 2023 2022 Y/Y Change Change Service revenue 828 826 —% (2)% Product sales 237 234 1% —% Total revenue 1,065 1,060 —% (1)% Total operating expenses 826 849 (3)% 4% Operating income 239 211 13% 10% Interest ex
Slide 29: Summarized Cash Flow Statement
Summarized Cash Flow Statement For the three months ended For the nine months ended September 30, September 30, 2023 2022 2023 2022 Net cash provided by operating activities 296 236 641 621 Capital expenditures (108) (73) (301) (226) Payments on license obligations (7) — (15) — Free cash flow 181 16
Slide 30: Reconciliations of Non-GAAP Measures - Q3'23
Reconciliations of Non-GAAP Measures - Q3'23 For the three months ended September 30, 2023 Business Global Global Segments Corporate Total Lottery Gaming PlayDigital Total and Other IGT PLC Net income 123 Provision for income taxes 66 Interest expense, net 73 Foreign exchange gain, net (23) Other no
Slide 31: Reconciliations of Non-GAAP Measures - Q3'23
Reconciliations of Non-GAAP Measures - Q3'23 For the three months ended September 30, 2023 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS attributable to IGT PLC - diluted 0.46 Adjustments: Foreign exchange gain, net (0.12) 0.03 (0.15) Amortization - purchase accounting 0.18 0.04 0.14 Disc
Slide 32: Reconciliations of Non-GAAP Measures - Q3'22
Reconciliations of Non-GAAP Measures - Q3'22 For the three months ended September 30, 2022 Business Global Global Segments Corporate Total Lottery Gaming PlayDigital Total and Other IGT PLC Net income 294 Provision for income taxes 21 Interest expense, net 73 Foreign exchange gain, net (37) Other no
Slide 33: Reconciliations of Non-GAAP Measures - Q3'22
Reconciliations of Non-GAAP Measures - Q3'22 For the three months ended September 30, 2022 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS attributable to IGT PLC - diluted 1.30 Adjustments: Foreign exchange gain, net (0.18) 0.04 (0.22) Amortization - purchase accounting 0.20 0.05 0.15 Loss
Slide 34: Reconciliations of Non-GAAP Measures - YTD Q3'23
Reconciliations of Non-GAAP Measures - YTD Q3'23 For the nine months ended September 30, 2023 Business Global Global Segments Corporate Total Lottery Gaming PlayDigital Total and Other IGT PLC Net income 280 Provision for income taxes 239 Interest expense, net 214 Foreign exchange loss, net 8 Other
Slide 35: Reconciliations of Non-GAAP Measures - YTD Q3'23
Reconciliations of Non-GAAP Measures - YTD Q3'23 For the nine months ended September 30, 2023 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS attributable to IGT PLC - diluted 0.81 Adjustments: Foreign exchange loss, net 0.04 0.01 0.03 Amortization - purchase accounting 0.57 0.13 0.43 Loss
Slide 36: Reconciliations of Non-GAAP Measures - YTD Q3'22
Reconciliations of Non-GAAP Measures - YTD Q3'22 For the nine months ended September 30, 2022 Business Global Global Segments Corporate Total Lottery Gaming PlayDigital Total and Other IGT PLC Net income 445 Provision for income taxes 74 Interest expense, net 223 Foreign exchange gain, net (59) Othe
Slide 37: Reconciliations of Non-GAAP Measures - YTD Q3'22
Reconciliations of Non-GAAP Measures - YTD Q3'22 For the nine months ended September 30, 2022 Pre-Tax Impact Tax Impact (1)(2) Net Impact Reported EPS attributable to IGT PLC - diluted 1.66 Adjustments: Foreign exchange gain, net (0.29) 0.12 (0.41) Amortization - purchase accounting 0.57 0.14 0.43 L