galaxy gaming (glxz) q2 2012 investor presentation
TRANSCRIPT
SECOND QUARTER 2012
Robert Saucier - CEO
Gary Vecchiarelli - CFO
FINANCIAL RESULTS
$1,790 $1,752
$62 ($176)
$749 $733
($147)
$632
($200)
$50
$300
$550
$800
$1,050
$1,300
$1,550
$1,800
Gross Revenue Gross Profit EBITDA Net Profit/(Loss)
Q2 2011 vs. Q2 2012
$2.07
$2.77 $3.06 $3.69
$3.44 As of Q2
$7.20
$2
$3
$4
$5
$6
$7
$8
Revenues
2008 2009 2010 2011 2012 (Est.)
94.5%
92.5%
95.7%
97.4% 97.9%
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Gross Margins
2008 2009 2010 2011 Q2 - 2012
($388) ($325)
($9) $101
$1,092 As of Q2
$2,000
($500)
$0
$500
$1,000
$1,500
$2,000
$2,500
EBITDA (Non-GAAP)
2008 2009 2010 2011 2012 (Est.)
($504) ($448)
($136)
($473)
($110)
$0
($750)
($500)
($250)
$0
$250
Net Profit
2008 2009 2010 2011 2012 (Est.)
Q2-2011 Q1-2012 Q2-2012 Proprietary Table Games
Premium Games $900 $1,171 $1,087 Side Bets $214 $365 $407
Sub-Total $318 $509 $534
Enhanced Table Systems Bonus Jackpot System $686 $651 $755 Inter-Casino Jackpot System $878 MEGA-Share $280 $344
Sub-Total $686 $695 $728
e-Tables (per Seat) $1,619 $1,698
TOTAL $338 $531 $567
Average Quarterly Revenue Performance Metrics
Units In Service
Q1-2011 Q1-2012 Q2-2012
Proprietary Table Games Premium Games 313 514 563 Side Bets 1,764 2,388 2,439
Sub-Total 2,077 2,902 3,002
Enhanced Table Systems Bonus Jackpot System 123 91 99 Inter-Casino Jackpot System 3 MEGA-Share 7 3
Sub-Total 123 101 102
e-Tables (Seats) 45 55 TOTAL 2,200 3,048 3,159
Performance Metrics
272
408
571
771
964
1,157
288
Q1 632
Q2 747
250
500
750
1,000
1,250
21+3 Placements (U.S.)
Oct-11 YE 2012 YE 2013 YE 2014 YE 2015 YE 2016
European expansion continues
• Lucky Ladies generating revenues in Italy, Belgium and Switzerland; Trial periods ending soon in France and Austria
•400+ tables in Europe
•Products in 140 out of 141 casinos in the United Kingdom
Continued product & territory expansion
• Tables increased to 3,115 at June 30th from 3,012 at March 31st
•21+3 approved in PA
• Lucky Ladies, 21+3 and BJS pending in CO
•Bonus Craps pending in NJ & WA
•Developing other products in PTG portfolio
Quarterly Highlights
Enhanced Table Systems
Company MRQ
Revenue Growth Trend EBITDA
Net Profit (Loss)
Market Cap
Price / Revenue*
Price / EBITDA*
Price / Earnings*
(GLXZ)
$1.8M 139% $0.63M $0.62M $9M 1.2 3.4 N/A
(SHFL)
$66.1M 10% $23.7M $9.7M $755M 2.9 8.0 19.5
(DEQ.V)
$1.3M 14% ($0.2M) ($0.87M) $34M 6.5 N/A N/A
*Annualized, based on numbers of the most recent quarter
Gaming Company Comparison
Q & A
Closing Remarks Robert Saucier, CEO