Ballys Intralot SA (LTS:0KA1)

Q3 2024 Intralot Integrated Lottery Systems and Services SA Earnings Call Transcript

Nov 29, 2024 / 03:00 PM GMT

Release Date Price: €1.12

Transcript

Key Points

Positve

Intralot SA (STU:9IL) reported improved financials in Q3 2024 compared to the first and second quarters, with both revenue and EBITDA showing positive trends.
The company experienced organic growth in key markets such as Turkey and Argentina, which is expected to continue towards the end of the year.
Management contract activities, particularly in Turkey, performed better year over year, driven by growth in the online sports betting market.
Intralot SA (STU:9IL) saw positive revenue contributions from Europe and Oceania, mainly due to organic growth in Croatia, Netherlands, and Australia.
The company successfully raised funds amounting to €237.7 million, which helped maintain the adjusted net leverage ratio at 2.7 times.

Negative

Year-over-year, Q3 2024 saw a 14.2% decline in revenues and a 16.3% drop in EBITDA, primarily due to the absence of a major jackpot in the US and negative exchange rate impacts in Argentina and Turkey.
The company faced a lower scope contract in Morocco, contributing to a negative impact on revenues.
Operating cash flow decreased by €16 million, mainly due to lower recorded EBITDA and negative working capital swings.
Intralot SA (STU:9IL) was not selected as the preferred bidder for the Ohio state lottery contract from 2027, with details on the evaluation process still pending.
The company's technology activity line in Argentina experienced a negative impact of €0.9 million in quarter-on-quarter comparison.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INLr.AT - Intralot Integrated Lottery Systems and Services SA
Q3 2024 Intralot Integrated Lottery Systems and Services SA Earnings Call
Nov 29, 2024 / 03:00PM GMT

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Presentation
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Ladies and gentlemen, thank you for standing by, I am Mina Yco Cooperator. Welcome and thank you for joining the conference call on web to present and discuss the nine month 2024 financial results. At this time, I would like to turn the conference over to Mr Nicolos,

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