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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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    Kentucky Lottery announced sales continue to perform ahead of expectations in the final weeks of Fiscal Year 2019

    "Scratch-offs continue to be the area where we believe significant growth will occur," said Kentucky Lottery President and CEO Tom Delacenserie. "We'll continue our focus on new product launches including a second $30 Scratch-off, increasing marketing and media support, and maximizing operational and field efficiencies through best practices. We'll also continue our work to expand awareness on the positive effects Lottery proceeds have on education in the Commonwealth, as this is a great story to tell and one in which we take immense pride."

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    Jackpocket aises $30M in venture capital funding

    New investors include PROOF and gaming industry veteran Gavin Isaacs. Existing investors BlueRun Ventures, Bullpen Capital, Conductive Ventures, DCM Ventures, Digital Currency Group, former NBA Commissioner David Stern and Subversive Capital also participated

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    Inspired Reports First Quarter 2019 Results

    "Our results for the quarter were in line with our guidance, driven by solid participation revenue, growth in Virtual Sports, and reduced overhead expenses," said Lorne Weil, Executive Chairman of Inspired Entertainment. "Most importantly, our high-margin Virtual Sports business, which includes Interactive, delivered a great underlying performance, increasing 11.0% on a functional currency basis."

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    Scientific Games Reports First Quarter 2019 Results -Revenue Growth and Improved Operations Lead to Strong Cash Flow Social IPO Accelerates Path to Deleveraging

    Barry Cottle, President and Chief Executive Officer of Scientific Games, said, "We are incredibly proud that we have continued to build on our momentum and are looking forward to the year ahead. We are focused on effectively operating our businesses, reducing costs and building upon the strong foundation for profitable growth that we see today. Last week, we successfully took SciPlay public as a new company, which accelerates our ability to pay down debt. All of these actions support our steadfast commitment to smartly grow our business, drive free cash flow and create meaningful value for our stakeholders."

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