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IGT Third Quarter 2022 Results Presentation

INTERNATIONAL GAME TECHNOLOGY PLC REPORTS THIRD QUARTER 2022 RESULTS

11/08/2022
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  • Consolidated revenue of $1.06 billion, up 8% as reported and 14% at constant currency, with contributions from each segment including over 30% growth in Global Gaming
  • Operating income of $211 million; operating income margin of 20% at high end of outlook
  • Adjusted EBITDA of $402 million reflects robust Global Lottery profitability and strong increase from Global Gaming
  • Received €700 million in gross proceeds from sale of Italian proximity payments business; completed acquisition of iSoftBet, a leading iGaming content provider and third-party aggregator, for approximately €160 million
  • Net debt leverage improves to 3.1x, the lowest level in Company history
  • $224 million returned to shareholders via dividends and share repurchases through mid-October, a record level in a fiscal-year period
  • Targeting upper half of full-year 2022 outlook range

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    • Kentucky Lottery Sales and Proceeds set new record in fiscal year 2019

    "That $56 million increase in Scratch-off sales was thanks to a continued focus on marketing and sales strategies," said Tom Delacenserie, president and CEO of the Kentucky Lottery.  "Coming off a record year in FY18 with this kind of a sales jump in FY19 is a massive accomplishment by any set of metrics," said Delacenserie. "Equally impressive is the dedication and commitment to excellence shown by the entire Kentucky Lottery staff and our retail partners across the Commonwealth. I'm proud of what we've been able to accomplish."

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