Ainsworth Game Technology Limited Investor Presentation

Transcription

1 Ainsworth Game Technology Limited Investor Presentation

2 Agenda Full Year Results Operating Cashflow Company Strategy Sales & Product Page August

3 Summary of Results FY06 Total Revenue $85.3m 4% EBIT $8.5m $17.3m Profit after Tax $3.2m $14.4m International Revenue 78% 6% Gross Margin 45.3% 2.3% Overheads 36% of Sales Revenue 18% August

4 Income Statement Full year Comparison ($m) FY06 FY05 Movement Total Revenue Gross Profit Gross Profit % 45.3% 43.0% 2.3% Overheads EBIT 8.6 (8.7) 17.3 Net Interest (2.9) Profit Before Tax 3.3 (11.1) 14.4 Income Tax Profit After Tax 3.2 (11.2) 14.4 EPS (Basic) $0.018 ($0.14) $0.094 August

5 FY06 Profit Reconciliation 10.0 FY06 NPAT Reconciliation - Actual v Last Year ($m) (2.9) (5.0) (10.0) (11.2) (15.0) FY05 Actual Overheads Dep & Amortisation Improved Margin Increased Volume Foreign Exchange Interest Expense FY06 Actual August

6 FY06 Segment Revenue Split Sales Revenue (%) 100% 75% 50% Other Asia Europe Americas Australia 25% 0% FY05 Financial Year FY06 August

7 Operating Cashflow Trend 30 Operating and Investment Cash Flow Jul-04 - Jun-06 Net Cash From Investing Payments Receipts Net Cash From Operations and Investing Cash Flow ($m) - (10) (20) (30) Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Quarter Ending August

8 Strategic Direction Performance USA Licensing Revenue 7 key Areas Revenue Targets Funding Operating Cash flow Cost Reduction August

9 Strategic Direction Sustainable profitability Revenue Growth Increase Licenses Participation revenue Operational Cash Flow management Managed product development Compliance culture increased resources August

10 Licenses Current Application Future Australia New Zealand Americas Puerto Rico Dominican Republic Venezuela Peru California 17 tribal Minnesota Oregan North Dakota Michigan New Jersey Mississippi Pennsylvania Wisconsin Florida Oklahoma August 2006 Nevada Arizona 10

11 Strategic Direction Sales Increased US penetration Increase our presence in Asia through Macau Increased market share and software sales within Australia Europe - Increased presence in viable markets August

12 Sales & Products Installed base of over 10,000 Enables better interaction and feature driven product Extensive Game suite available in a range of languages New Slim Line design August

13 Strategic Direction Installed base 15,000 Dynamic dual screen gaming machine Games available in a range of languages Relaunch with increased functionality to include multigame capabilities Under license to Unicum August

14 Available Market Installed Base Austrian expansion* Misc growth** Installed base of 1.5 m replaced every 5 years = 300,000 new machines pa Available Market = 400,000 pa FY 2006 FY 2008 Aust/NZ US Europe Asia South Africa South America August

15 Ainsworth Global Markets August

16 Americas North America Estimated 745,000 slot machines Growing Markets Native Gaming, and states implementing new gaming Legislation, eg Philadelphia, Pennsylvania Current licenses California (17 tribal), Oregon, Minnesota Applications for New Jersey, Pennsylvania, Mississippi pending South America Estimated 120,000 slot machines Growing rapidly Primarily unregulated markets Main Slot machines regions: Argentina, Brazil, Chile, Panama, Uruguay, Peru, Venezuela, Dominic Republic, Puerto Rico Caribbean Estimated market 5,000 slot machines Ainsworth current market share 5% August

17 Europe and Russia Europe Gaining product acceptance in new markets Germany - top performing WAL Portugal 9/10 top performing machines in casinos France - increased real estate with new games Eastern Europe growing presence in expanding markets within Baltic states Austrian market anticipated to grow rapidly Hungary increasing acceptance and potential for growth Managed growth through distribution partners August

18 Australasia Australia Ainsworth seen as new player in Australian markets, ie. Victoria and Tasmania Increasing hardware sales for AGT Business model is changing to be software and participation based Ainsworth is allocating resources to game and software development as well as new models Asia Cambodia, Macau, Vietnam, Philippines and Malaysia Growth in Asia through Macau The Macau market is anticipated to be 20,000 30,000 machines in the next 5 years (Citigroup 6/1/05) August