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 — International Game Technology — Q1 2021 Earnings Presentation
28 slides from Brightstar Lottery Plc Trading Under The Legal Name To Begin At The Market Open On July 21, 2025's earnings presentation, May 11, 2021
Slide 1: 2021 First Quarter Results
1 International Game Technology PLC 2021 First Quarter Results Period ended March 31, 2021 May 11, 2021
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 Business Update
Slide 4: Strong Player Demand, Cost Discipline Drive Outstanding Q1'21 Results
Strong Player Demand, Cost Discipline Drive Outstanding Q1'21 Results Record Lottery sales fueled by double-digit gains across games and regions Accelerating momentum in Gaming, both for slots and Digital & Betting activities Excellent progress on structural cost reductions Among highest Adjusted EB
Slide 5: Global Lottery Reaches Record Levels
Global Lottery Reaches Record Levels Over 30% SSS growth and a 24% increase over Q1’19 ◦ 28% growth in North America & Rest of World ◦ 52% increase in Italy ◦ Double-digit gains across games, including substantial contribution from jackpots Complete recovery from pandemic confirmed ◦ Highest revenue
Slide 6: Global Lottery: Spotlight on Broad-Based Growth
Global Lottery: Spotlight on Broad-Based Growth Macro dynamics supporting higher play levels ◦ Fewer entertainment options ◦ Increased U.S. disposable income ◦ Closure of Italy gaming halls & betting shops Lottery is a content-driven business; new games offer fresh opportunities for player engagemen
Slide 7: Global Gaming Recovery Underway
7 The U.S. is broadly open; remaining restrictions expected to end in June ◦ Pace of vaccinations driving confidence; core players returning ◦ Substantial improvement in GGR since January Recurring revenue recovering swiftly; delivered 95% of PY ◦ Stable installed base; over 75% of U.S. casino units
Slide 8: Global Gaming: Spotlight on Digital & Betting Growth
8 GGR across main Digital activities growing 2-3x prior-year levels ◦ Primarily driven by expanding player base ◦ Mostly fueled by increases in existing markets ◦ No signs of cannibalizing land-based business Global Digital & Betting revenue(1) up 85% in Q1’21, the fastest rate in the last year Expe
Slide 9: Growing Digital & Betting Market Positions
9 We are investing to support growth and maintain leadership positions across our three main verticals ◦ iGaming ▪ Expand content portfolio, including third-party content ▪ Maintain 20%-30% share of U.S. market, penetrate emerging international markets ◦ iLottery ▪ Build out portfolio of games ▪ Enh
Slide 10: Return to 2019 Levels for Key Financial Metrics This Year
Return to 2019 Levels for Key Financial Metrics This Year 10 Record Lottery sales and profits confirm high entertainment value of games and bolster long-term industry outlook Gaming recovery materializing quickly in the U.S. and high-growth Digital & Betting activities add to revenue and profit mome
Slide 11: Financial Results
11 Financial Results
Slide 12: Q1'21 Financial Highlights
12 Note: $ in millions; EUR/USD FX daily average: 1.21 in Q1'21, 1.10 in Q1'20; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details (2) Cash conversion def
Slide 13: Q1'21 Global Lottery Highlights
Q1'21 Global Lottery Highlights: Strong Player Demand Drives Impressive Profit Growth 13 • Significant increase in lottery service ◦ 32.4% global SSS growth; up double- digits in all main geographies; includes elevated jackpot activity ◦ Contribution from LMA incentives • Product sales dynamics (les
Slide 14: Q1'21 Global Gaming Highlights
Q1'21 Global Gaming Highlights: Recovery Drives Sequential Growth in Revenue and Profit 14 • Delivered over 85% of PY revenue ◦ Supported by sequential increase in number of active units and yields ◦ Solid machine unit sales • Digital & Betting(1) up 85%, led by growth across all verticals • Other P
Slide 15: Strong Cash Generation Continues; Return to Pre-pandemic Leverage by Year End
Strong Cash Generation Continues; Return to Pre-pandemic Leverage(2) by Year End 15 • Strong cash flows driven by Lottery performance and invested capital discipline • Reduced net debt by $251 million as reported, $78 million excluding favorable foreign currency impact • Sequential improvement in le
Slide 16: Solid Liquidity With No Significant Near-Term Debt Maturities
Solid Liquidity With No Significant Near-Term Debt Maturities 16 Euro Notes 35% Note: $ in millions, except where noted otherwise • At 3/31/21, total liquidity of $2.1B; $748M in unrestricted cash and $1.4B in additional borrowing capacity • During Q1'21, successfully refinanced ~$1.0B in 6.25% Note
Slide 17: Summary of Key Takeaways
Summary of Key Takeaways 17 Outstanding Global Lottery performance drives strong results; progressive recovery in Global Gaming led by U.S. and Digital & Betting activities On Track for $200M+ OPtiMa savings in 2021 Strong cash flow generation continues Expect to return to pre-pandemic leverage(1) l
Slide 18: Q2'21 Expectations
For Q2'21, revenue and operating income are expected to be meaningfully higher Y/Y; lower sequentially due to positive LMA incentive and jackpot activity in Q1'21 • Global Lottery SSS growth 20%+ QTD versus Q2'19 levels • Global Gaming up sequentially • CapEx sequentially accelerating to support gro
Slide 19: Key Upcoming Events Including Investor Day in November
Key Upcoming Events Including Investor Day in November 19 Euro Notes 35% August 3, 2021 - Q2'21 Earnings October 4-7, 2021 - G2E November 9, 2021 - Q3'21 Earnings and Investor Day
Slide 20: Q&A
20 Q&A
Slide 21: Appendix
21 Appendix
Slide 22: Q1'21 Select Performance and KPI Data: Global Lottery
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q1'21 Select Performance and KPI Data 22 GLOBAL LOTTERY Q1'21 Q1'20 Y/Y Change (%) Constant Currency Change (%) (1) Re
Slide 23: Q1'21 Select Performance and KPI Data: Global Gaming
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details (2) Excluded from yield calculations due to treatment as sales-type leases Q1'21 Select Performance and KPI Data 23 GL
Slide 24: Q1'21 Select Performance and KPI Data: Global Gaming (Continued)
$ in millions except otherwise noted (1) Excludes Casino L/T lease units due to treatment as sales-type leases; comparability on a Y/Y basis hindered due to fewer active units Q1'21 Select Performance and KPI Data 24 GLOBAL GAMING (Continued) Q1'21 Q1'20 Y/Y Change (%) Yields (by geography)(1), in a
Slide 25: Q1'21 Select Performance and KPI Data: Consolidated
$ in millions except otherwise noted (1) Non-GAAP measure; see disclaimer on page 2 (2) Included within consolidated revenue Q1'21 Select Performance and KPI Data 25 CONSOLIDATED Q1'21 Q1'20 Y/Y Change (%) Constant Currency Change (%) (1) Revenue (by geography) US & Canada 542 447 21 % 21 % Italy 34
Slide 26: Q1'21 Summarized Income Statement
$ in millions except per share amounts; all amounts presented reflect continuing operations (1) Non-GAAP measure; see disclaimer on page 2 and reconciliations to the most directly comparable GAAP measures in Appendix for further details Q1'21 Summarized Income Statement 26 Q1'21 Q1'20 Y/Y Change (%)
Slide 27: Q1'21 Summarized Cash Flow Statement
Q1'21 Summarized Cash Flow Statement 27 Q1'21 Q1'20 Net Cash Flows Provided by Operating Activities 251 26 CapEx (48) (85) Free Cash Flow(1) 204 (60) Debt Proceeds/(Repayment), Net (206) 666 Other - Net (89) 11 Other Investing/Financing Activities (295) 676 Net Cash Flow (91) 616 Effect of Exchange
Slide 28: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures 28 For the three months ended March 31, 2021 Global Lottery Global Gaming Business Segment Total Corporate and Other Total IGT PLC Income from continuing operations 138 Provision for income taxes 148 Interest expense, net 94 Foreign exchange gain, net (145) Other
International Game Technology — Q1 2021 Earnings Presentation on 6ix