Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — H1 2015 Earnings Presentation
32 slides from Ainsworth Game Technology's earnings presentation, Feb 24, 2015
Slide 1: H1FY15 Results Announcement
H1FY15 Results Announcement Ainsworth Game Technology Limited For personal use only
Slide 2: Disclaimer
H1FY15 Results Announcement For personal use only Disclaimer IMPORTANT NOTICE This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith.No express or implied warranty is given as to the accuracy or completeness of the information in this document or
Slide 3: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 3
Slide 4: Historical Financial Performance
H1FY15 Results Announcement Historical Financial Performance For personal use only 4
Slide 5: For personal use only
H1FY15 Results Announcement H1FY15 Results For personal use only - Total sales revenue of $111.9m, a decrease of 8% on pcp • Domestic revenue $53.5m (-34% on pcp) • International revenue $58.4m (+45% on pcp) - Profit before tax of $45.5 million, similar to pcp - Net profit after tax of $34.6 million
Slide 6: For personal use only
H1FY15 Results Announcement H1FY15 Results For personal use only - Supported by investment in R&D (~11% of revenue in H1FY15) - Growth in international businesses • Americas: growth in recurring installed base, sales volume & revenues • Total machine install base under Game Operations of 2,286 in th
Slide 7: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 7
Slide 8: Profit & Loss Summary
H1FY15 Results Announcement Profit & Loss Summary For personal use only ̶ Strong international revenue growth 6 months to 6 months to Change A$m Movement ̶ International markets represent 52% of 31 Dec 2014 31 Dec 2013 (%) total revenue driven by revenue gains in the Americas Domestic revenue 53.5 8
Slide 9: Segment Overview
H1FY15 Results Announcement Segment Overview For personal use only 6 months to 6 months to Variance 12 months to In millions of AUD 31-Dec-14 31-Dec-13 % 30-Jun-14 Segment revenue Australia $53.5 48% $81.4 67% -34% $143.3 59% Americas $52.7 47% $34.4 28% 53% $90.4 37% Rest of World $5.7 5% $6.0 5% -
Slide 10: Financial Performance Summary
H1FY15 Results Announcement Financial Performance Summary For personal use only 40,000 10,099 67 35,675 34,645 30,000 2,499 780 65 2,069 1,677 934 1,287 (12,711) $A '000's 20,000 10,000 0 NPAT FY14 Machine Participation Service Other Cogs Overheads Tax D&A Forex Net Interest NPAT FY15 H1 Sales Sales
Slide 11: Financial Performance Summary
H1FY15 Results Announcement Financial Performance Summary For personal use only H1FY15 Geographical Breakdown H1FY14 Geographical Breakdown 5% 5% 11% 20% Australia Australia North America North America 48% 17% Latin America Latin America Rest of the World Rest of the World 67% 27% H1FY15 Operational
Slide 12: Balance Sheet
H1FY15 Results Announcement Balance Sheet For personal use only A$m 31-Dec-14 30-Jun-14 Change (%) ̶ Strong balance sheet position Cash 22.2 20.9 6% Term Deposits 32.2 51.0 -37% • Net cash position of $54.4m as Receivables 99.0 93.3 6% at reporting date Other Current Assets 60.6 41.7 45% • Minimal d
Slide 13: Cash Flow Statement
H1FY15 Results Announcement Cash Flow Statement For personal use only ̶ Dividends paid of $16.1m (5 cents per ordinary share paid during the 6 months to 6 months to year) A$m 31 Dec 2014 31 Dec 2013 Change ̶ Net cash from operating activities down $17.0m on pcp due to: Net cash from operating activi
Slide 14: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 14
Slide 15: Segment Results - Australia
H1FY15 Results Announcement Segment Results - Australia For personal use only ̶ The continued rollout of branded products including: • Multi play Big time multi- games; 6 months to 6 months to Movement A$m Change (%) • Quad ShotTM game range; and 31-Dec-14 31-Dec-13 ▲/▼ • The highly successful mid d
Slide 16: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 16
Slide 17: Segment Results - Americas
H1FY15 Results Announcement Segment Results - Americas For personal use only ̶ Growth in revenue, volume and North America profitability 6 months to 6 months to Movement A$m Change (%) ̶ Increase contribution from Canada, 31-Dec-14 31-Dec-13 ▲/▼ Oklahoma and Armed Forces whilst maintaining strong sa
Slide 18: Segment Results - Americas
H1FY15 Results Announcement Segment Results - Americas For personal use only ̶ Growth in revenue, volume and Latin America profitability 6 months to 6 months to Movement ̶ Increase contribution from Mexico A$m Change (%) 31-Dec-14 31-Dec-13 ▲/▼ and Argentina Revenue 22.5 13.8 ▲ 63% ̶ Growth in Recur
Slide 19: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 19
Slide 20: Segment Results - Rest of the World
H1FY15 Results Announcement Segment Results - Rest of the World For personal use only ̶ The Asian market is still on track to grow within the coming two years as a number of new properties come on stream in Macau, 6 months to 6 months to Movement Philippines and eventually Korea A$m Change (%) 31-De
Slide 21: For personal use only
FY14H1FY15 Annual Results Results Announcement Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 21
Slide 22: Gaming Products
FY14H1FY15 Annual Results Results Announcement Announcement Gaming Products For personal use only - Domestically single and multi-game multi- denomination packages to be launched in domestic markets this half including; - Double Shot™Multi Game & Multi- Denomination packs in both A560 dual screen &
Slide 23: For personal use only
H1FY15 Results Announcement For personal use only 23
Slide 24: For personal use only
H1FY15 Results Announcement For personal use only 24
Slide 25: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results - Americas 5.Segment Results - Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 25
Slide 26: Regulatory Update
H1FY15 Results Announcement Regulatory Update For personal use only • 23 new licence approvals (21 US Tribal licences, 2 US State licences) • US State licence approvals were Arizona & California (Finding of Suitability determination) • Arizona State Licence approval (permanent licence) – October 201
Slide 27: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 27
Slide 28: Online – Real Money Gaming
H1FY15 Results Announcement Online – Real Money Gaming For personal use only - Ainsworth has installed the GameConnect™ Remote Gaming Server in a data center in the Channel Islands of Guernsey to provide content services to UK online casino platforms - GameConnect™ RGS will be operational to go live
Slide 29: Online – Social Casino
H1FY15 Results Announcement Online – Social Casino For personal use only - Ainsworth launched Players Paradise™ Social Casino based on the 616 Digital platform in January 15, 2015 on Facebook desktop and all mobile device formats - Ainsworth plans to launch a second Social Casino site during calenda
Slide 30: For personal use only
H1FY15 Results Announcement For personal use only 1.Results 2.Consolidated Results 3.Segment Results - Australia 4.Segment Results – Americas 5.Segment Results – Rest of the World 6.Gaming Products 7.Regulatory Update 8.Online 9.Outlook and Questions 30
Slide 31: FY2015 Outlook
H1FY15 Results Announcement FY2015 Outlook For personal use only ̶ FY15 total revenue growth expected on pcp of $244.1m, primarily through expansion in international markets; ̶ Increased contribution from domestic markets is expected in H2FY15 following the progressive transition and approval of new
Slide 32: Thank You
H1FY15 Results Announcement For personal use only Thank You Thank you for your interest in Ainsworth Game Technology Limited Please visit us at www.ainsworth.com.au 32
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