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 — Brightstar Lottery — Q3 2021 Earnings Presentation
32 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, Nov 9, 2021
Slide 1: International Game Technology PLC 2021 Third Quarter Results
International Game Technology PLC 2021 Third Quarter Results Period ended September 30, 2021 November 9, 2021 1
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: Business Update
Business Update 3
Slide 4: Double-Digit Revenue Growth Drives Substantial Profit Improvement
Double-Digit Revenue Growth Drives Substantial Profit Improvement Q3’21 revenue up 21%, operating income more than doubled from prior- +9% Lottery year period, profit margins remain near record levels SSS Growth; ◦ Robust Lottery same-store sales demonstrate improvement in business +19% vs. Q3’19 gr
Slide 5: Impressive Global Lottery Momentum Continues
Impressive Global Lottery Momentum Continues 9% SSS growth; up 19% over Q3’19 ◦ 8% growth in North America & Rest of World; up 21% vs. Q3’19 ◦ 16% increase in Italy; up 12% vs. Q3’19 ◦ iLottery SSS up over 50%, more than 3x Q3’19 levels Recent contract wins: ◦ 10-year facility management contract fr
Slide 6: Global Gaming Recovery Progressing Nicely
Global Gaming Recovery Progressing Nicely Sequential improvement in KPIs vs. Q2'21 ▪ Global yields up 8% ▪ Global installed base increased ~500 units ▪ ASPs rose 5% Excellent progress with multi-level progressive games ▪ Wheel of Fortune ® Cash Link ▪ Ying Cai Shen ▪ Dragon Lights Peak series cabine
Slide 7: G2E Highlights: "It's Game Time!"
G2E Highlights: “It’s Game Time!” Peak65™ DiamondRS™ 7
Slide 8: Digital & Betting Rapidly Gaining Scale & Recognition
Digital & Betting Rapidly Gaining Scale & Recognition New, standalone Digital & Betting segment enables better appreciation of scale and leadership ◦ Revenue up 37% in Q3’21, up 52% YTD ◦ 23% operating income margin and 32% Adjusted EBITDA margin(1)(2) YTD iGaming highlights ◦ 50% Y/Y GGR growth in
Slide 9: Well-Positioned to Create Value for All Stakeholders
Well-Positioned to Create Value for All Stakeholders Raising 2021 outlook on strength of year-to-date results; outlook improved on several important measures: ◦ Revenue ◦ Operating income and Adjusted EBITDA(1) margins ◦ Cash flow ◦ Leverage Compelling growth outlook across all business segments Pro
Slide 10: Financial Results
Financial Results 10
Slide 11: Significant Profit Growth in QTD and YTD Periods
Significant Profit Growth in QTD and YTD Periods Quarter Ended Year-To-Date September 30, % September 30, % 2021 2020 Change 2021 2020 Change GAAP Financials Revenue 984 816 21% 3,039 2,230 36% Operating income (loss) 212 87 144% 716 (204) NA Operating income margin 22% 11% 24% (9)% Net income (loss
Slide 12: Achieved $200M+ OPtiMa Cost Savings; YTD Results Exceed 2019 Levels
Achieved $200M+ OPtiMa Cost Savings; YTD Results Exceed 2019 Levels QTD Revenue Operating Income Adjusted EBITDA(1) 21% 984 816 42% 144% 407 212 287 87 Q3'20 Q3'21 Q3'20 Q3'21 Q3'20 Q3'21 YTD Revenue Operating Income Adjusted EBITDA(1) 2% 2,988 3,039 2,230 64% 19% 716 1,299 438 1,089 713 (204) YTD Q
Slide 13: Sustained Momentum Propels Strong Global Lottery Results
Sustained Momentum Propels Strong Global Lottery Results 14 652 652 570 65 3 Player demand drives higher lottery service; -1 Y/Y solid same-store sales growth across Revenue geographies and games Operating Income Margin 34% 36% Product sales up on increase in instant Q3'20 Lottery Other Product Excl
Slide 14: Global Gaming Achieved Highest Quarterly Revenue and Profit Levels in Seven Quarters
Global Gaming Achieved Highest Quarterly Revenue and Profit Levels in Seven Quarters 31 2 288 1 289 35 4 216 Terminal service revenue up 44% on increase in Revenue active units and yields Operating Income Margin -26% 11% Product sales increase driven by higher number of machine units sold and ASPs Q
Slide 15: New Digital & Betting Segment Shines Spotlight on Profitable, High-Growth Business
New Digital & Betting Segment Shines Spotlight on Profitable, High-Growth Business 11 42 1 43 Revenue up double-digits across businesses Revenue 31 ◦ iGaming growth primarily driven by new markets Operating Income Margin 20% 29% ◦ Sports Betting driven by both existing and new customers Q3'20 Servic
Slide 16: Net Debt Leverage Improves to 3.8x, Below 4.0x Target
Net Debt Leverage Improves to 3.8x, Below 4.0x Target Cash Flow Net Debt QTD YTD 613 7,319 6,109 445 113 (168) 66 Net debt leverage(2) 6.4x 3.8x (47) Cash from CapEx Free Cash Cash from CapEx Free Cash Q4'20 Q3'21 Operations Flow(1) Operations Flow(1) Generated $613M in cash from operating activitie
Slide 17: Credit Profile Features Ample Liquidity, No Significant Debt Maturities Until 2024
Credit Profile Features Ample Liquidity, No Significant Debt Maturities Until 2024 Total liquidity of $2.2B at quarter end; $435M in unrestricted cash and $1.8B in additional borrowing capacity; revolving credit facilities fully repaid on September 28, 2021 Successfully amended and extended term loa
Slide 18: Resilience of Business on Display in 2021; YTD Revenue and Profit Above 2019 Levels
Resilience of Business on Display in 2021; YTD Revenue and Profit Above 2019 Levels ____________________________ Outstanding Global Lottery performance drives record results; continued Global Gaming recovery contributes higher revenue, profit, and margins; high-growth Digital & Betting delivers soli
Slide 19: Raising Full-Year 2021 Outlook (Continuing Operations)
Raising Full-Year 2021 Outlook (Continuing Operations) Revenue of ~$4.1B Updating operating income to ~$900M; previously ~$800M Depreciation and amortization of ~$700M - $725M Cash from operations of ~$850M - $900M CapEx below $300M Net debt leverage expected to stay below 4.0x Does not factor in im
Slide 20: Q&A
Q&A 20
Slide 21: Appendix
Appendix 21
Slide 22: Q3'21 Select Performance and KPI Data
Q3'21 Select Performance and KPI Data Constant Sequential Y/Y Change Currency Change as GLOBAL LOTTERY Q3'21 Q3'20 (%) Change (%) (1) Q2'21 Reported (%) Revenue Service Operating and facilities management contracts 590 525 12% 12% 675 (13)% Upfront license fee amortization (51) (52) 1% —% (53) 2% Op
Slide 23: Q3'21 Select Performance and KPI Data
Q3'21 Select Performance and KPI Data Constant Sequential Y/Y Change Currency Change as GLOBAL GAMING Q3'21 Q3'20 (%) Change (%) (1) Q2'21 Reported (%) Revenue Service Terminal 116 81 44% 43% 108 8% Systems, software, and other 56 51 8% 8% 48 16% Total service revenue 172 133 30% 30% 156 10% Product
Slide 24: Q3'21 Select Performance and KPI Data
Q3'21 Select Performance and KPI Data Y/Y Change GLOBAL GAMING (Continued) Q3'21 Q3'20 (%) Q2'21 (1) Yields (by geography) , in absolute $ US & Canada $40.79 $26.79 52% $38.41 Rest of world $5.64 $4.31 31% $4.03 Total yields $29.67 $19.88 49% $27.49 Global machine units sold New/expansion 1,009 818
Slide 25: Q3'21 Select Performance and KPI Data
Q3'21 Select Performance and KPI Data Constant Sequential Y/Y Change Currency Change as DIGITAL & BETTING Q3'21 Q3'20 (%) Change (%) (1) Q2'21 Reported (%) Revenue Service 43 31 39% 36% 43 —% Product sales — — (66)% (66)% (0) NA Total revenue 43 31 37% 35% 42 2% Operating income 12 6 100% 90% 9 35%
Slide 26: Q3'21 Summarized Income Statement
Q3'21 Summarized Income Statement Y/Y Change Q3'21 Q3'20 (%) Service revenue 832 713 17% Product sales 152 104 46% Total revenue 984 816 21% Total operating expenses 772 730 6% Operating income 212 87 144% Interest expense, net 79 101 Foreign exchange (gain) loss, net (6) 149 Other expense, net 1 6
Slide 27: Summarized Cash Flow Statement
Summarized Cash Flow Statement For the three months ended For the nine months ended September 30, September 30, 2021 2020 2021 2020 Net Cash Flows Provided by Operating Activities 113 191 613 344 CapEx (47) (65) (168) (204) Free Cash Flow(1) 66 126 445 139 Cash Flow Provided by Discontinued Operatio
Slide 28: YTD Segment-Level Results and KPI Data
YTD Segment-Level Results and KPI Data Global Lottery Global Gaming Digital & Betting 506 16 5 2,061 64 2,125 1,534 Revenue 100 14 78 781 10 791 615 (26) 37 118 5 123 81 YTD Lottery Other Product Excluding FX YTD YTD Terminal Other Terminal Other Excluding FX YTD YTD Q3'20 Service Excluding FX YTD Q
Slide 29: Reconciliations of Non-GAAP Measures - Q3'21
Reconciliations of Non-GAAP Measures - Q3'21 For the three months ended September 30, 2021 Business Global Global Digital & Segment Corporate Total IGT Lottery Gaming Betting Total and Other PLC Income from continuing operations 101 Provision for income taxes 37 Interest expense, net 79 Foreign exch
Slide 30: Reconciliations of Non-GAAP Measures - Q3'20
Reconciliations of Non-GAAP Measures - Q3'20 For the three months ended September 30, 2020 Business Global Global Digital & Segment Corporate Total IGT Lottery Gaming Betting Total and Other PLC Loss from continuing operations (129) Benefit from income taxes (41) Interest expense, net 101 Foreign ex
Slide 31: Reconciliations of Non-GAAP Measures - YTD Q3'21
Reconciliations of Non-GAAP Measures - YTD Q3'21 For the nine months ended September 30, 2021 Business Global Global Digital & Segment Corporate Total IGT Lottery Gaming Betting Total and Other PLC Income from continuing operations 200 Provision for income taxes 217 Interest expense, net 264 Foreign
Slide 32: Reconciliations of Non-GAAP Measures - YTD Q3'20
Reconciliations of Non-GAAP Measures - YTD Q3'20 For the nine months ended September 30, 2020 Business Global Global Digital & Segment Corporate Total IGT Lottery Gaming Betting Total and Other PLC Loss from continuing operations (644) Benefit from income taxes (45) Interest expense, net 297 Foreign