Financials Brightstar Lottery

Equities

BRSL

GB00BVG7F061

Casinos & Gaming

Market Closed - Nyse Other stock markets 21:00:02 14/07/2025 BST			5-day change	1st Jan Change
14.74 ^USD	-2.64%		-13.85%	-16.53%

07-09	International Game Technology PLC will Change its Name to Brightstar Lottery PLC	CI
07-09	International Game Technology PLC - Special Call

Projected Income Statement: Brightstar Lottery

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,115	4,089	4,225	4,310	2,512	2,539	2,575	2,625
Change	-	31.25%	3.33%	2.01%	-41.72%	1.09%	1.42%	1.94%
EBITDA ¹	1,146	1,686	1,664	1,779	1,170	1,104	1,192	1,227
Change	-	47.15%	-1.3%	6.91%	-34.23%	-5.67%	8.03%	2.89%
EBIT ¹	-107.5	902	922	1,001	686	640.8	687.2	-
Change	-	939.34%	2.22%	8.57%	-31.47%	-6.6%	7.24%	-
Interest Paid ¹	-397.9	-341	-289	-285	-206	-172.7	-151.2	-
Earnings before Tax (EBT) ¹	-847.7	529	589	629	521	458.9	623.6	560.7
Change	-	162.4%	11.34%	6.79%	-17.17%	-11.92%	35.89%	-10.08%
Net income ¹	-897.9	482	275	156	348	155.5	253.4	-
Change	-	153.68%	-42.95%	-43.27%	123.08%	-55.32%	62.95%	-
Announcement Date	02/03/21	01/03/22	28/02/23	12/03/24	25/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	637.5	981.5	885.1	1,015	1,041	984	1,050	1,051	1,021	1,060	1,093	1,060	1,055	1,065	1,130	1,067	1,049	587	651	583	621.4	632.1	696.2	656.3	632.7	638.5	699.2	663.5
Change	-	53.97%	-9.82%	14.67%	2.56%	-5.48%	6.71%	0.1%	-2.85%	3.82%	3.11%	-3.02%	-0.47%	0.95%	6.1%	-5.58%	-1.69%	-44.04%	10.9%	-10.45%	6.59%	1.71%	10.14%	-5.73%	-3.59%	0.92%	9.5%	-5.1%
EBITDA ¹	168.4	354.1	320.8	450	442	407	387	433	409	402	419	449	443	433	454	443	420	264	290	250	264.2	276.3	307	309.1	288	284.4	318.9	302.6
Change	-	110.24%	-9.39%	40.27%	-1.78%	-7.92%	-4.91%	11.89%	-5.54%	-1.71%	4.23%	7.16%	-1.34%	-2.26%	4.85%	-2.42%	-5.19%	-37.14%	9.85%	-13.79%	5.67%	4.58%	11.13%	0.68%	-6.85%	-1.23%	12.14%	-5.12%
EBIT ¹	-94.11	128.5	96.11	260	244	212	186	252	228	211	230	255	251	239	256	256	230	110	179	138	147.6	163.1	195	170.9	160.4	158.8	197.3	177.6
Change	-	236.55%	-25.21%	170.53%	-6.15%	-13.11%	-12.26%	35.48%	-9.52%	-7.46%	9%	10.87%	-1.57%	-4.78%	7.11%	0%	-10.16%	-52.17%	62.73%	-22.91%	6.95%	10.52%	19.52%	-12.33%	-6.16%	-1%	24.29%	-10%
Charge d'intérêts ¹	-95.6	-101	-100.8	-94	-91	-79	-77	-76	-75	-73	-66	-70	-71	-73	-71	-70	-73	-53	-46	-46	-43.27	-35.27	-35.8	-	-	-	-	-
Earnings before Tax (EBT) ¹	-293.5	-129	-159.1	287	-7	138	111	182	22	315	70	155	176	189	110	198	156	15	206	56	102.6	128.1	157.1	-	-	-	-	-
Change	-	56.06%	-23.41%	280.33%	-102.44%	2,071.43%	-19.57%	63.96%	-87.91%	1,331.82%	-77.78%	121.43%	13.55%	7.39%	-41.8%	80%	-21.21%	-90.38%	1,273.33%	-72.82%	83.15%	24.89%	22.61%	-	-	-	-	-
Net income ¹	-279.6	-128	-242	92	306	65	19	79	-4	264	-64	23	46	94	-7	82	42	7	217	27	23.47	50.25	71.12	69.7	47.4	60.29	85.15	74.52
Change	-	54.23%	-89.07%	138.02%	232.61%	-78.76%	-70.77%	315.79%	-105.06%	6,700%	-124.24%	135.94%	100%	104.35%	-107.45%	1,271.43%	-48.78%	-83.33%	3,000%	-87.56%	-13.06%	114.07%	41.52%	-1.99%	-32%	27.19%	41.25%	-12.49%
Announcement Date	04/08/20	11/11/20	02/03/21	11/05/21	03/08/21	09/11/21	01/03/22	10/05/22	02/08/22	08/11/22	28/02/23	09/05/23	01/08/23	31/10/23	12/03/24	14/05/24	30/07/24	12/11/24	25/02/25	13/05/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Brightstar Lottery

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,343	5,938	5,160	5,099	4,777	2,451	3,549	3,366
Change	-	-19.13%	-13.1%	-1.18%	-6.31%	-48.69%	44.8%	-5.16%
Announcement Date	02/03/21	01/03/22	28/02/23	12/03/24	25/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Brightstar Lottery

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	254.7	238	317	399	149	450.5	452	224
Change	-	-6.55%	33.19%	25.87%	-62.66%	202.35%	0.33%	-50.44%
Free Cash Flow (FCF) ¹	610.9	740	582	641	881	-686.4	-1,175	-
Change	-	21.12%	-21.35%	10.14%	37.44%	-177.91%	-71.12%	100%
Announcement Date	02/03/21	01/03/22	28/02/23	12/03/24	25/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Brightstar Lottery

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	36.78%	41.23%	39.38%	41.28%	46.58%	43.46%	46.3%	46.73%
EBIT Margin (%)	-3.45%	22.06%	21.82%	23.23%	27.31%	25.23%	26.68%	-
EBT Margin (%)	-27.21%	12.94%	13.94%	14.59%	20.74%	18.07%	24.22%	21.36%
Net margin (%)	-28.82%	11.79%	6.51%	3.62%	13.85%	6.12%	9.84%	-
FCF margin (%)	19.61%	18.1%	13.78%	14.87%	35.07%	-27.03%	-45.61%	-
FCF / Net Income (%)	-68.04%	153.53%	211.64%	410.9%	253.16%	-441.47%	-463.61%	-
Profitability
ROA	-6.74%	3.96%	2.53%	-	-	-	-	-
ROE	-2.53%	10.95%	29.86%	28.56%	8.83%	8.71%	10.65%	9.46%
Financial Health
Leverage (Debt/EBITDA)	6.41x	3.52x	3.1x	2.87x	4.08x	2.22x	2.98x	2.74x
Debt / Free cash flow	12.02x	8.02x	8.87x	7.95x	5.42x	-3.57x	-3.02x	-
Capital Intensity
CAPEX / Current Assets (%)	8.18%	5.82%	7.5%	9.26%	5.93%	17.74%	17.55%	8.53%
CAPEX / EBITDA (%)	22.23%	14.12%	19.05%	22.43%	12.74%	40.82%	37.91%	18.26%
CAPEX / FCF (%)	41.69%	32.16%	54.47%	62.25%	16.91%	-65.63%	-38.48%	-
Items per share
Cash flow per share ¹	4.226	4.729	4.42	5.123	5.049	2.419	2.849	2.954
Change	-	11.92%	-6.54%	15.91%	-1.45%	-52.1%	17.81%	3.67%
Dividend per Share ¹	0.2	0.2	0.8	0.8	0.8	0.8	0.84	0.8667
Change	-	0%	300%	0%	0%	0%	5%	3.18%
Book Value Per Share ¹	7.626	6.255	7.178	7.108	8.178	9.324	11.47	12.05
Change	-	-17.97%	14.75%	-0.97%	15.05%	14.01%	23.06%	4.99%
EPS ¹	-4.39	2.33	1.35	0.77	1.71	0.7801	1.307	-
Change	-	153.08%	-42.06%	-42.96%	122.08%	-54.38%	67.6%	-
Nbr of stocks (in thousands)	204,857	203,688	199,308	200,482	201,858	203,012	203,012	203,012
Announcement Date	02/03/21	01/03/22	28/02/23	12/03/24	25/02/25	-	-	-