Published: December 5, 2021

INTRALOT announces +24.4% Revenue Growth and +82.5% EBITDA increase in 9M21 Financial Results


“INTRALOT announces +24.4% Revenue Growth and +82.5% EBITDA increase in 9M21 Financial Results”

INTRALOT Chairman & CEO Sokratis P. Kokkalis noted:

“The nine-month results reflect the continuing strong operational performance combined with the positive impact of the capital structure optimization agreement achieved in the beginning of August. The robust improvement in the cash flow generation and high EBITDA margins enhanced by reduced future debt servicing costs, highlight Intralot’s strengthened overall financial profile and prospects to pursue new opportunities for growth through strategic partnerships."

December 3 rd, 2021 INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the nine-month period ended September 30 th , 2021, prepared in accordance with IFRS.

OVERVIEW PRESS RELEASE Group Revenue at €302.8m in 9M21 (+24.4% y-o-y).

EBITDA in 9M21 at €82.6m (+82.5% y-o-y). LTM EBITDA rose to €103.2m, up by 56.7% vs. FY20, on a continuing basis.

NIATMI (Net Income After Tax and Minority Interest) from continuing operations at €+44.5m, vs. €-60.4m a year ago, impacted by the balance sheet optimization transaction that generated a one-off gain of €88.5m (€43.0m gain from investments following the exchange of 34.27% of the share capital of Intralot US Securities B.V., indirectly parent company of Intralot Inc., with the 2024 SUNs bondholders controlling €118.2m of its nominal value, and €45.5m gain from the refinancing of the 2021 SUNs).

Our operations under US entity Intralot Inc., achieved very strong growth y-o-y (Revenue +26.3%, EBITDA +63.5%) in the 9M21.

Greek entities OPEX better by 20.4% y-o-y, excluding capital structure optimization expenses.

Operating Cash Flow at €84.2m in 9M21 (+196.9% y-o-y).

Group Net CAPEX in 9M21 was €17.7m, lower by 36.3% compared to a year ago.

Group Cash at the end of 9Μ21 at €90.3m.

Net Debt at €501.2m at the end of 9M21 lower by €149.9m vs. Dec-20.

Net Debt/ LTM EBITDA at 4.9x in 9M21 vs. 6.9x in 6M21.

Gross Debt reduced by €137.9m vs. Jun-21 and €159.6m vs Dec-20.

The COVID-19 pandemic impact for 9M21 has been contained in the vicinity of c. €3.0m at Group’s EBITDA level.

In November, INTRALOT launched its new generation Lottery Platform “LotosX”, enabling all Lotto Hamburg’s product portfolio to be offered by both Retail and Online channels.

In December, INTRALOT signed the extension of its contract with OPAP S.A. for one additional year, from July 2023 to July 2024, for the provision of numerical lottery products and services.

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