August 31st, 2023
INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the six-month period ended June 30th, 2023, prepared in accordance with IFRS.

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OVERVIEW

Group Revenue at €175.3m in 1H23 (-14.4% y-o-y).
EBITDA at €62.8m (+14.0% y-o-y) in 1H23, with EBITDA margin reaching 35.8% from 26.9% in 1H22. On a quarterly basis, 2Q23 vs. 2Q22, EBITDA remained at the same levels.
LTM EBITDA rose to €130.6m, up by 6.3% vs FY22.
Substantial growth in our US operations (Revenues +7.4%, EBITDA +14.7% y-o-y).
EBT in 1H23 shaped at €16.3m vs. €8.0m in 1H22.
NIATMI (Net Income After Tax and Minority Interest) at €4.4m, vs. €-0.5m a year ago.
Operating Cash Flow at €49.8m in 1H23 (+20.2% y-o-y).
Group Net CAPEX in 1H23 was €14.1m.
Group Cash at the end of 1H23 at €101.5m.
Net Debt at €480.5m at the end of 1H23, lower by €10.0m vs. Dec-22 and €28.2m vs. 1H22.
Net Debt/ LTM EBITDA at 3.7x in 1H23 vs. 4.0x in FY22.
U.S. subsidiary INTRALOT, Inc. has signed an extension of its contract with the Wyoming
Lottery Corporation for an additional five-year term, until August 25, 2034.
In Taiwan, LotRich Information Co., Ltd. a Taiwanese joint venture in which INTRALOT is a major
shareholder, has signed a 10-year contract as the lottery system technology provider of CTBC
Bank Co.
On August 8, 2023, the Group announced the cancellation of Notes due 2024, that were in its
possession, with nominal value €144.432.000.
Following the General meeting of the Company’s shareholders held on August 30, 2023, the
Board of Directors was authorized to resolve the terms of the increase of the Company’s share
capital up to an amount not exceeding 100% of the paid-up share capital.
Note:
Due to rounding, numbers presented throughout this, and other documents may not add up precisely to the totals.