Accel Entertainment, Inc. · NYSE:ACEL
Accel Entertainment — Q3 2024 Earnings Presentation
10 slides from Accel Entertainment's earnings presentation, Jan 17, 2025
Slide 1: Third Quarter 2024 Earnings Presentation
Third Quarter 2024 Earnings Presentation October 2024
Slide 2: Important Information: Forward-Looking Statements
Important Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical
Slide 3: Accel at a Glance
Accel at a Glance 1. Calculated as Net Gaming Revenue in the period divided by the number of operational days. There were 217 and approximately 347 operational days for the years ended December 31, 2020 and 2021, respectively. 2. Calculated as of September 30, 2024. Net Debt is a non-GAAP financial
Slide 4: Q3 2024 Highlights
Q3 2024 Highlights • Strong revenue of $302 million for Q3 2024, an increase of 5% compared to Q3 2023 • Q3 2024 net income of $5 million, a decrease of 53% compared to Q3 2023 − Partially attributable to a higher loss on the change in fair value of the contingent earnout shares • Adjusted EBITDA(1)
Slide 5: Accel Quarterly KPIs
$46 $47 $44 $45$46 $50 $46 Q1 Q2 Q3 Q4 2023 2024 $293 $293 $287 $297$302 $309 $302 Q1 Q2 Q3 Q4 2023 2024 Accel Quarterly KPIs 1. Adjusted EBITDA is a non-GAAP financial measure that may not be comparable to other similarly titled measures of other companies. Accel does not consider this Non-GAAP mea
Slide 6: 2024 Results
2024 Results 6 Note: Numbers may not total due to rounding. Percent change may not recalculate due to rounding. $ in millions, except %s Q3 2023 Q3 2024 % Change YTD 2023 YTD 2024 % Change Locations 3,906 4,014 3% 3,906 4,014 3% Terminals 24,704 25,729 4% 24,704 25,729 4% Revenue $287 $302 5% $873 $
Slide 7: Historical Financial Summary
Historical Financial Summary 7 $ in millions Note: Numbers may not total due to rounding. Q3 YTD YoY YoY 2020 2021 2022 2023 2023 2024 Growth 2023 2024 Growth No. of Locations 2,435 2,584 3,741 3,961 3,906 4,014 3% 3,906 4,014 3% No. of Terminals 12,247 13,639 23,541 25,083 24,704 25,729 4% 24,704 2
Slide 8: Accel Balance Sheet
Accel Balance Sheet 8 Note: Numbers may not total due to rounding. $ in millions December 31, 2023 September 30, 2024 Assets Current Assets: Cash and cash equivalents $262 $265 Other current assets 51 58 Total current assets $313 $323 Property and equipment, net 261 282 Route and customer acquisitio
Slide 9: Definition of Non-GAAP Financial Measures
Definition of Non-GAAP Financial Measures Adjusted net income is defined as net income plus: • Amortization of intangible assets and route and customer acquisition costs • Stock-based compensation expense • Loss from unconsolidated affiliates • Loss (gain) on change in fair value of contingent earno
Slide 10: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation 10 Note: Numbers may not total due to rounding. $ in millions 2020 2021 2022 2023 2023 2024 2023 2024 Reported Net Income (Loss) (0) 32 74 46 10 5 30 27 (+) Amortization of intangible assets and route and customer acquisition costs 23 22 17 21 5 6 16 17 (+) Stock-base