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 — Truist Gaming, Lodging, Leisure & Restaurants Summit 2020
22 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's conference presentation, Dec 10, 2020
Slide 1: Truist Gaming, Lodging, Leisure & Restaurants Summit December 10, 2020
International Game Technology Truist Gaming, Lodging, Leisure & Restaurants Summit December 10, 2020
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: Regulated gaming is a compelling business
Regulated gaming is a compelling business 33 Player demand is strong worldwide Governments need funds IGT uniquely positioned to provide responsible solutions
Slide 4: IGT offers broad scope of solutions for global market
Operator Contracts (including LMA) Facilities Management Contracts Systems & Software Instant Ticket Printing iLottery Platforms & Solutions Commercial Services Hardware (terminals, ITVMs, etc.) IGT offers broad scope of solutions for global market 4 ~2/3 of 2019 Adjusted EBITDA ~1/3 of 2019 Adjuste
Slide 5: Digital & Betting: Emerging growth drivers
Digital & Betting: Emerging growth drivers 5 Full suite of customizable offerings to deliver cross-channel solutions • Over 20 years of sports betting experience, including as an operator of expansive B2C sports betting network in Italy • B2B provider of sports betting technology and management serv
Slide 6: Leading market share positions
6 Leading market share positions 24% of gaming unit shipments in North America $4.3B U.S. Sports Betting wagers processed in 2019 #1 Largest portfolio of games and intellectual property 76% of U.S. Lottery market share by wagers 90%+ of Italy Lottery market share by wagers Note: Market share reflect
Slide 7: Lottery consistently provides stability to quarterly revenue and profit
-130% -110% -90% -70% -50% -30% -10% 10% 30% 50% Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Lottery Revenue Lottery Adj. EBITDA Gaming Revenue Gaming Adj. EBITDA Lottery consistently provides stability to quarterly revenue and profit 7 • Q3’20 revenue and profit demonstrate swift improvement vs. Q2’2
Slide 8: Accelerated cash conversion drives robust free cash flow
Accelerated cash conversion drives robust free cash flow 8 • Through 9/30/20, generated $610 million in operating cash flow and $384 million in free cash flow • Successfully converted higher percentage of Adjusted EBITDA to cash compared to the prior year • $140 million in net debt reduction since 1
Slide 9: Ample liquidity, no significant near-term maturities
Ample liquidity, no significant near-term maturities 9 Total liquidity improved to ~$2.55 billion as of 9/30/20 • $943 million in unrestricted cash; $1.61 billion in additional borrowing capacity • Strong YTD cash flow and increased liquidity allow for repayment of revolver • Re-established full rev
Slide 10: Sale of Italy B2C gaming machine & sports betting activities
Sale of Italy B2C gaming machine & sports betting activities 10 North America 47% Italy 36% Rest of World 17% Gaming 52% Lottery 48% Revenue by Geography Sale price of €950 million in cash; beneficial rebalancing of business mix 10 Revenue by Segment 2019 Actuals North America 56% Italy 23% Rest of
Slide 11: Several transaction benefits
Several transaction benefits 1111 ▪ Reduces pro forma group exposure to Italy ▪ De-risks portfolio, reducing exposure to segments with the highest regulatory volatility and profit erosion over time ▪ Increases lottery contribution to group revenue Rebalances business and geographical mix Simplifies
Slide 12: Several transaction benefits
Several transaction benefits 1212 Improves financial profile ▪ Better pro forma company revenue and profitability growth profile ▪ Better pro forma company EBITDA margins and improved FCF conversion ▪ Improved capex profile resulting from the savings related to 2022 gaming licenses renewal cycle (€2
Slide 13: Transaction details
Transaction details 1313 Transaction structure ▪ €950 million, 100% cash; €925-€930 million in net proceeds ▪ €725 million at closing, €100 million on 12/31/21, €125 million on 9/30/22 ▪ Not subject to any financing conditions; secured by Apollo ▪ Locked box date of 12/31/19 Regulatory approval ▪ It
Slide 14: Appendix
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Slide 15: Q3'20 and YTD'20 Cash Flow Statement
Q3’20 and YTD‘20 Cash Flow Statement 15 Q3'20 Q3'19 YTD '20 YTD '19 Net Cash Flows from Operating Activities 285 197 610 789 CapEx (65) (102) (226) (333) Free Cash Flow 220 95 384 456 Debt Proceeds/(Repayment), Net (662) 64 (71) 98 Other - Net 13 (26) (113) (271) Other Investing/Financing Activities
Slide 16: Q3'20 Reconciliation of Non-GAAP Measures
Q3’20 Reconciliation of Non-GAAP Measures 16 (1) Includes amortization of upfront license fees (2) Primarily includes transaction-related costs $ Millions For the three months ended September 30, 2020 For the three months ended September 30, 2019 Operating Operating Global Global Segment Corporate T
Slide 17: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 17 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
Slide 18: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 18 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
Slide 19: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 19 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
Slide 20: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 20 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
Slide 21: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 21 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
Slide 22: Recast Reconciliations of Non-GAAP Measures
Recast Reconciliations of Non-GAAP Measures 22 International Game Technology PLC Reconciliation of Non-GAAP Financial Measures ($ thousands) Unaudited
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