Ballys Intralot S.a. · ATHEX:BYLOT
Ballys Intralot — Intralot — 9M 2023 Earnings Presentation
16 slides from Ballys Intralot's earnings presentation, Nov 24, 2023
Slide 1: 9M23 Financial Results
9M23 Financial Results November 24th, 2023
Slide 2: Disclaimer
Disclaimer By reading or attending the presentation that follows, you agree to be bound by the following limitations: This presentation has been prepared by INTRALOT S.A. and its subsidiaries (the “Company” or “We”) solely for informational purposes and does not constitute, and should not be constru
Slide 3: Chairman & CEO Sokratis P. Kokkalis comments
INTRALOT Chairman & CEO Sokratis P. Kokkalis, noted: “9M2023 results demonstrate Intralot’s new strengths returning to Net profits, strong Ebitda growth and cash flow generation, hence fulfilling all the goals we have set out. We have recently completed an important Share Capital Increase via rights
Slide 4: Revenue Overview
Revenue Overview 11.8% 66.3 (23.7%) B2C RoW 173.5 (62.0%) Americas 9M23 Revenue per 9M23 Activity Line Revenue per 88.2% (%) 40.3 (14.4%) Geographical Region B2B/B2G Europe (in €) €280.0m €280.0m 11.8% 12.3% VLTs IT Products & Services 19.0% Sports Betting 9M23 Revenue per Game Type (%) €280.0m 56.8
Slide 5: Licensed Operations - Revenue Evolution
Licensed Operations - Revenue Evolution1 Licensed operations 33.0 in € million 12% Q3 H1 82.2 9M23 51.9 Game management 19% -0.9 Revenues per Contract Type -43.0 (€m, %) 70% 195.1 Technology -43.9 -5.1 33.0 -0.2 -5.3 Licensed operations 9M22 Malta Argentina 9M23 82.2 27% Revenue Evolution Drivers: •
Slide 6: Technology Contracts - Revenue Evolution
Technology Contracts - Revenue Evolution1 Licensed operations 33.0 in € million 12% Q3 H1 9M23 51.9 Game management 19% 3.1 195.1 Revenues per Contract Type 3.5 (€m, %) 3.5 -0.4 4.6 2.8 70% 0.0 -0.3 0.7 195.1 5.4 -0.4 Technology 184.2 -0.7 Licensed operations 9M22 United States Australia Croatia Oth
Slide 7: Game Management Contracts - Revenue Evolution
Game Management Contracts - Revenue Evolution1 Licensed operations 33.0 in € million 12% Q3 H1 0.2 0.3 51.9 9M23 51.9 Game management 16.0 19% 0.0 0.2 0.2 0.1 Revenues per Contract Type 8.2 (€m, %) 70% 195.1 7.8 Technology 35.3 Licensed operations 82.2 9M22 Turkey Morocco United States 9M23 27% Reve
Slide 8: Consolidated Financial Statements for 9M23
Consolidated Financial Statements for 9M23 (in € million) 9M23 9M22 % Change 3Q23 3Q22 % Change LTM Revenue (Turnover) 280.0 301.7 -7.2% 104.8 96.9 8.1% 371.1 Technology, Management & Rest 251.5 224.7 11.9% 95.3 82.0 16.2% 336.4 Contracts Licensed Operations (Payout related) 28.5 77.1 -63.0% 9.4 14.
Slide 9: Overview Of Key Financial Metrics
Overview Of Key Financial Metrics REVENUES 1 EBITDA AND EBITDA MARGIN 1 €m €m, % 393 36.6% 371 36.1% -7.2% EBITDA Margin 31.3% on Sales 302 29.2% 280 +10.5% +14.7% 123 136 88 101 EBITDA 2022 LTM 9M22 9M23 2022 LTM 9M22 9M23 OPERATING CASH FLOW2 AND CAPEX NET DEBT3 AND NET DEBT / EBITDA4 €m Operating
Slide 10: Net Debt Movement
Net Debt Movement Net Debt Movement, 9M23 (in €m) 490.5 56.3 8.6 12.6 458.2 28.1 Net Debt, Dec 2022 Free Cash Flow1 Net Interest payments Other Capital Gross Debt movements Net Debt, Sept 2023 payments 1. Free Cash Flow defined as “Net Cash from Operating activities” adjusted for “Net Dividends”, “C
Slide 11: Key Revenue and EBITDA Contributors
Key Revenue and EBITDA Contributors1 9M23 Key Revenue Contributors Key EBITDA Contributors 9M22 (in €m) (in €m) 122.4 52.1 North America2 North America2 117.5 47.4 21.8 13.7 Europe3 Europe3 63.1 18.1 51.1 10.2 South America South America 59.7 14.4 18.5 13.3 Oceania Oceania 18.6 13.3 47.8 23.2 RoW4 R
Slide 12: Appendix: Summary of Financial Statements
APPENDIX SUMMARY OF FINANCIAL STATEMENTS Public
Slide 13: 9M23 – Group Income Statement
9M23 – Group Income Statement (in € million) 9M23 9M22 % Change LTM Revenue 280.0 301.7 -7.2% 371.1 Gross Profit 107.2 86.6 23.9% 148.4 Other Operating Income 21.7 17.9 20.9% 28.6 OPEX (76.5) (70.2) 8.9% (106.1) EBITDA 101.0 88.0 14.7% 135.8 Margin 36.1% 29.2% + 6.9pps 36.6% Capital Structure Optimi
Slide 14: 9M23 – Group Statement Of Financial Position
9M23 – Group Statement Of Financial Position (in € million) 9M23 FY22 Tangible Assets (incl. investment properties) 99.7 116.3 Intangible Assets 196.0 208.6 Other Non-current Assets 57.3 56.0 Inventories 24.4 23.9 Trade and Other Short-term Receivables 103.6 109.9 Cash and Cash Equivalents 122.0 102
Slide 15: 9M23 – Group Cash Flow
9M23 – Group Cash Flow (in € million) 9M23 9M22 EBT from continuing operations 32.1 19.4 EBT from discontinued operations - 5.6 Plus/less adjustments 67.7 62.7 Decrease/(increase) of inventories (1.9) (6.4) Decrease/(increase) of receivable accounts (2.8) 7.3 (Decrease)/increase of payable accounts
Slide 16: intralot
intralot