Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — Investor Presentation (November 2004)
19 slides from Ainsworth Game Technology's investor presentation, Nov 22, 2004
Slide 1: Ainsworth Game Technology
| ML Ludski ice Ainsworth Game Technology
Slide 2: Agenda
Agenda * Company Overview ¢ Products ¢ Financial Overview « Global Opportunities ¢ Capital Raising « Company Strategy
Slide 3: Company Overview
Company Overview Current shares on Issue: 147,860,377 Market Capitalisation: $163 million @ $1.10 Management: Len Ainsworth — Executive Chairman Hans Zeidler — Chief Operating Officer George Steiner - MD European Operations Peter Walford - General Manager of International Business Mark Ludski - CFO/
Slide 4: Company Overview: Shareholding Information
cCcEitTtininnnitth ompeny Uverview Shareholding Information Substantial — Shareholders No. of Shares % LH Ainsworth 76,892,858 52.00 Votraint No 1019 Pty Ltd 7,663,717 5.18 Total 84,556,575 57.18 Spread of Shareholdings Number of Holders 1 - 1,000 443 1,001 - §,000 3,310 5,001 - 10,000 1,612 10,001
Slide 5: Company Overview: Sales and Distribution Network
| Company Overview Sales and Distribution Network * Domestic sales ® Newington, Sydney = Labrador, Queensland = Huntingdale, Victoria 5 Adelaide, South Australia* ° International sales 2 New Zealand ® Europe (continued) 5 The Americas ° Austria ° North America ° Malta * South America* * Slovenia ° M
Slide 6: Products
Products * Competitively priced « Games available in a range of languages * Recommended retail price A$12,500
Slide 7: Products
Products Available in Console and compact bench top model ¢ Proven performance in domestic market * Games available in a range of languages ¢ Linked progressive system performing well across a range of markets * Low conversion cost due to intelligent design * Recommended retail price A$17,500
Slide 8: Results Snap Shot
Results Snap Shot Units Sold Sales revenue Cost of goods sold Gross profit Overheads Result 64 (36) 28 (43%) (26) (41%) 2 10 (32%) (25) (78%) (15)
Slide 9: Financial Overview
Financial Overview Results Summary * Units sold * ~~ Domestic * . International * Total revenue ($'000) * Gross margin * EBITDA ($’000) * EBIT ($000) * Net profit / (loss) after tax ($000) * EPS — undiluted (cents) * Debt / equity FY04 1,388 4,162 5,590 64,140 43% 4,588 2,755 2,122 1.6 48% FY03 1,41
Slide 10: Financial Overview: Sales Revenue by Region
Financial Overview Sales Revenue (by geographical region) Domestic International ~ Europe ~ Americas ~ Asia, South Africa, New Zealand FY04 % FY03 % 22,762 36 25.643 80 22,622 35 1,305 4 8,346 13 1,759 6 9,997 _16 _3198 _10 40,965 _64 _6,262 _20 63,727 100 31,905 100 10
Slide 11: Financial Overview: Statement of Cash Flows
Financial Overview Statement of Cash Flows FY04 FY03 $000 $’000 Operating activities (17,442) (4,456) Investing activities (2,067) (16,504) Financing activities 20,857 6,958 Net increase in cash held 1,348 (14,002) Cash at the beginning of the financial year 1,093 15,095 Effect of exchange rate fluc
Slide 12: Financial Overview: Analysis of Gross Receivables
| ‘Financia Overview Review of Financials Analysis of Gross Receivables by Geographical Region 10% @ Aust NZ Russia 9% Europe O Asia South Africa O Americas Actual At 30 June 2004
Slide 13: Global Opportunities
Global Opportunities Our objective is to increase our share of the global electronic gaming machine market. 13
Slide 14: Global Opportunities
Global Opportunities “Current ‘Population Machines Market EGMs millions Per million Region Australasia 225,611 24 9,400 Asia *29,078 3,766 8 Europe 1,019,999 728 1,401 Africa 22,637 840 27 North America 602,893 310 1,945 South & Central America 61,994 560 111 1,962,262 6,228 315 *Source; ABN-AMRO Gl
Slide 15: Global Opportunities: Russian Market Overview
Global Opportunities Russian Market Overview Russian gaming market is currently experiencing the second wave of growth driven by increasing market demand and significant investment flows. Shady gaming halls are being replaced by well-designed arcades with recognized brand names and attractive mix of
Slide 16: Global Opportunities: Russian Market Overview (cont.)
Global Opportunities Russian Market Overview (cont.) AGI has taken a leading position in distribution of gaming machines in this market. AGI expects that sales in Russian market to increase over the next 12 months. 16
Slide 17: Capital Raising
tintin Capital Raising Amount to be raised: Up to $30.6 million. Type of Issue: Renounceable Rights Issue of Convertible Notes and Placement. Terms: 2 Convertible Notes for every 15 shares held and a Placement of up to 3.8 million Convertible Notes. Conversion: $1.30 dated 5 years. Conversion at 36
Slide 18: Capital Raising: Key Dates
Gapital Raising Key Dates Application for Quotation: Rights Trading Commences: Record Date Dispatch Date Rights Trading End Date Closing Date Shorifall Notice Deadline Shortfall Settlement Date Trading commences 16 November 18 November 24 November 25 November 3 December 10 December 14 December 17 De
Slide 19: Company Strategy
Company Strategy * Increased volume and market share ° Hold prices * Reduce costs of production * Reduce overheads 19
Ainsworth Game Technology — Investor Presentation (November 2004) on 6ix