Light & Wonder, Inc. · ASX:LNW
Light & Wonder — Scientific Games — Q1 2013 Earnings Presentation
8 slides from Light & Wonder's earnings presentation, May 7, 2013
Slide 1: Scientific Games First Quarter 2013 Earnings Presentation
Scientific Games First Quarter 2013 Earnings Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Throughout this presentation the Company makes “forward - looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward - looking statements describe future expectations, plans, results or strategies and can often be ident ified
Slide 3: Summary of Q1 Results
3 (1) Attributable EBITDA, as used herein, is based on the definition of "consolidated EBITDA" in our credit agreement (summarized in our May 7, 2013 press release), except that attributable EBITDA as used herein includes our share of the EBITDA of all of our equity investments (whereas "consolidate
Slide 4: Q1'13 Key Performance Indicators
5.8% 6.3% 6.5% 0.8% (1.2%) Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Global Draw U.K. Gross Win/Terminal/Day(1) (4.0%) (7.8%) (6.3%) 3.9% (2.8%) Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 0.7% (7.5%) (17.6%) (14.9%) (12.5%) Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q1’13 Key Performance Indicators U.S. Lottery Customers’ Retail Sales Y
Slide 5: Printed Products
Printed Products ($ in millions) 5 ▪ Licensed properties business benefited from new Properties Plus ® contracts ▪ International price per thousand revenue decline due in part to lower sales in Italy ▪ U.S. percentage of sales and CSP revenue decline was due in part to challenging comparisons from s
Slide 6: Lottery Systems
Lottery Systems ($ in millions) 6 ▪ Sales revenue decrease largely due to lower sales to international customers, which can fluctuate from period to period ▪ Service revenue decrease primarily due to challenging retail sales comparisons from the prior - year period when our U.S. customers benefited
Slide 7: Gaming
Gaming ($ in millions) 7 ▪ Italy results reflect the deactivation of Barcrest machines in Q2’12 ▪ Increase in SG&A is primarily related to legal fees for our business in Italy and severance ▪ The decline in Barcrest terminal sales was partially attributable to exiting the analog business and also du
Slide 8: Earnings Analysis
Earnings Analysis 8 First Quarter First Quarter 2013 2012 ($ in millions, except for EPS) Description Segment Income Statement Line Impacted Impact on Attributable EBITDA Credit Agreement Adjustments: Non-cash stock-based compensation expenses Non-cash compensation expense related to issuance of sto