Pat McHugh: We’ve grown on an annualized basis over the last four years and have reached record revenues. Like many companies, we were impacted significantly by cost inflation, particularly around paper, ink and shipping instant game products. We’ve navigated through that and continue to focus on growth investment. So, our strategy has been performing very well each year as an independent company. Another good indicator of our strong financial performance is the number of outside investors who want to invest in our business and the confidence they have in our financial profile. Our CFO, Nick Negro, is focused on making sure that we continue to build financial strength and drive continued execution and financial stability for the organization. Pat McHugh: We already executing those plans. The past two years have seen the largest increase in employee base in our history. Our real differentiators are our people. We can have the greatest products in the world, but how we engage with our customers sets us apart. So, developing our people is something that we've tried to be very deliberate about at Scientific Games – by increasing teams to support growth as well as strengthening our team members’ capabilities to innovate and support our customers. Amy Steinman, our new CHRO, joined the company in June. Amy’s background includes coaching teams in growth companies. We are thrilled to have a seasoned, energetic people leader with these skills on our executive team. She has deep experience and a successful track record of building high-performing global teams and industry-specific operating models to support organizational growth. Pat McHugh: Over the past two years, we have made significant investments, and this will continue. We’re making targeted investments across our retail and digital portfolio around the globe. We are investing in expanding our infrastructure, as well as new products and new technologies, largely in our systems technologies, retail solutions, digital games and iLottery platforms. We have acquired digital game content and studios. And as the industry’s largest game provider with a 70% global market share in instant games, we continue to invest in innovation. On the retail side, this year we commissioned Press 10 in Alpharetta, made a significant investment in our Montréal instant games facility, and just last year invested in our Leeds, UK facility. This is a $65 million investment back into our instant game facilities to enhance our production capabilities. In the last two to three years, we’ve significantly increased capital growth investments to well over $100 million annually. Some of this investment was planned for new customer contracts like our new awardwinning Warrington, UK facility to serve The National Lottery. We also made start-up investments in Brazil for Loteria Mineira. We’ve invested in our development centers around the world and continue ramping up our capabilities to scale growth. Q: How is Scientific Games performing two years into the new, independent company? Q: What plans do you have to invest in Scientific Games’ workforce? Q: There was talk about the company’s newfound ability to increase investment in lottery growth opportunities since becoming a pure lottery company. Where has investment been focused and are there still opportunities today?
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