Light & Wonder(LNW) - 2021 Q2 - Earnings Call Presentation

Financial Performance - Consolidated revenue increased by 63% year-over-year, reaching $880 million[4, 24] - AEBITDA (Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization) hit a company record of $383 million, a 217% increase year-over-year[4, 24] - The company delivered Free Cash Flow (FCF) of $133 million in Q2 and $213 million year-to-date[5] - Net Debt Leverage Ratio decreased by nearly one-third, from 105x to 72x[5] Business Segment Highlights - North American Gaming operations revenue exceeded 2019 levels, reaching $118 million in Q2 2021 compared to $115 million in Q2 2019[4, 8] - Lottery achieved record revenue and signed major renewals and new deals[4] - SciPlay delivered sequential growth, with payer conversion rate increasing to 85%[4, 14] - iGaming achieved record results and increased its U S market share to 25%, up from 23% in Q1[4] - U S iGaming revenue increased by 106% year-over-year[18] - U S Sports Betting revenue increased by 205% year-over-year[18] Strategic Initiatives - The company paid down $150 million of debt in Q2, with an additional $150 million paid down post-quarter end[5] - U S instant games sales increased by 21% year-over-year and 30% compared to 2019[12]