September 2016 | Public | Final | Page 1 of 18

1H 2016 Financial Results Presentation

September 5, 2016

September 2016 | Public | Final | Page 2 of 18

1H16 Results Overview

• Significant EBITDA growth of 17.1% in 2Q16 (+33.4% in constant currency); boosting 1H16

EBITDA increase to 10.9% (+26.0% in constant currency).

• EBITDA margin expanded by 50bps to 13.4% in 2Q16 and by 100bps to 14.0% in 1H16

compared to the corresponding periods of 2015.

• Group Revenues up 13.3% in 2Q16 (+26.2% in constant currency); bringing 1H16

revenues growth to 2.9% (+15.4% in constant currency).

• Adjusting for the effects from M&A transaction, net debt remained relatively stable for the

third consecutive quarter.

• The Company took the following important steps in implementing strategic initiatives, which

are in line with our strategy to create, in selected countries, strategic partnerships with

strong local partners that offer substantial synergies and local market know-how,

strengthening the development of the local business and to expand our gaming product

portfolio:

September 2016 | Public | Final | Page 3 of 18

1H16 Results Overview

In 2Q16 the merger of our Italian activities with Gamenet was completed.

In Peru we reached an agreement with Nexus Group to sell 80% of Intralot de Peru.

In July 2016 we completed the acquisition of a strategic stake in a leading gaming company in Bulgaria,

Eurobet.

In August INTRALOT announced that it has entered into discussions with Tatts for a potential sale of

INTRALOT’s Australian and New Zealand businesses.

• New products and services that have been recently developed and installed to various

clients include:

Canvas, a proprietary CMS solution for online Betting, Lottery and Interactive Games

Remote Gaming Server delivering e-Instants and Games on-Demand or on-Premise to clients

Interactive Gaming Platform, a CRM platform segmenting and managing customer behavior

Mobile applications (iOS, Android) with push notifications and real money gaming

Self Service Terminals (SST), the next generation of self-service terminals for autonomous play, following

the success of the first generation machines in the US

September 2016 | Public | Final | Page 4 of 18

Results – Graphs 1H16

+2.9% +10.9%

Continuing

operations

Continuing

operations

Continuing

operations

Continuing

operations -

Constant FX

Continuing

operations -

Constant FX

Continuing

operations -

Constant FX

+15.4% +26.0%

€17.8m €6.8m

Continuing

operations

(like-for-like)

618.9 636.9 618.9713.9

1H15 1H16 1H15 1H16

Revenues

80.288.9

80.2

101.0

1H15 1H16 1H15 1H16

EBITDA

-22.7

-15.9

-28.0

-10.2

1H15 1H16 1H15 1H16

NIATMI

494.3 484.2 486.8 497.2

Sept 15 Dec 15 Mar 16 Jun 16

Net Debt

September 2016 | Public | Final | Page 5 of 18

292.9331.9

292.9

369.7

2Q15 2Q16 2Q15 2Q16

Revenues

37.944.4

37.9

50.6

2Q15 2Q16 2Q15 2Q16

EBITDA

-15.9

-6.0

-12.9

-5.2

2Q15 2Q16 2Q15 2Q16

NIATMI

486.8 483.2

Mar 16 Jun 16

Results – Graphs 2Q16

+13.3% +17.1%

Continuing

operations

Continuing

operations

Continuing

operations

Continuing

operations -

Constant FX

Continuing

operations -

Constant FX

Continuing

operations -

Constant FX

+26.2% +33.4%

€7.7m €9.9m

Continuing

operations Div Outflow: 12.5

FX: 1.5

M&A: 13.6

Net Debt

September 2016 | Public | Final | Page 6 of 18

1H16 Results – Cash Flow

• Operating Cash-flow more than doubled in 1H16, at €86.2m vs. €41.8m in 1H15. The

growth is mainly attributed to the WC improvement (+1.4m in 1H16 from -30.7m in

1H15).

• Net Capex in 1H16 was €26.4m, compared to €34.4m in 1H15. Major Capex items in

1H16 include investments in our US business of €9.7m and R&D of €3.8m.

• Net Debt from continuing operations in June 2016 developed at €510.8m from €486.8m

in March 2016 on a like-for-like basis. Excluding the €13.6m capital contribution to the

Italian entity as a result of the M&A transaction Net Debt increased by €10.4m due to

dividend outflows to JV partners and FX valuation at the end of June 2016.

September 2016 | Public | Final | Page 7 of 18

1H16 Results

% %Change Change

Revenues (Turnover) 636.9 618.9 2.9% 331.9 292.9 13.3%

Gross Profit 119.2 116.1 2.7% 60.3 54.6 10.4%

EBITDA 88.9 80.2 10.9% 44.4 37.9 17.1%

EBITDA Margin (%) 14.0% 13.0% +1.0pps 13.4% 12.9% +0.4pps

EBT 19.6 25.7 -23.9% 9.4 5.4 73.0%

EBT Margin (%) 3.1% 4.2% -1.1pps 2.8% 1.9% +1.0pps

NIATMI from continuing operations -15.9 -22.7 - -6.0 -15.9 -

NIATMI from discontinuing operations 35.3 -8.3 - 37.4 -6.1 -

Consolidated Financial Statements For The 6 Months

Ended June 30th, 2016

(in € million) 1H16 1H15 2Q16 2Q15

September 2016 | Public | Final | Page 8 of 18

Segmental Analysis

September 2016 | Public | Final | Page 9 of 18

Contract type Sales Breakdown

1H 2016 Sales Breakdown 1H 2015 Sales Breakdown

Management

Contracts

9.4%

Technology

17.4%

Management

Contracts

8.2%

Technology

16.1%

Licensed Operations

73.2%

Licensed Operations

75.7%

Operation and control over every aspect of the lottery

Licensed Operations

Management Contracts

Technology

• Day-to-day operations

• Marketing

• POS optimization

• Risk management

• HW & SW

• Telecom solutions

• Maintenance

• Support

September 2016 | Public | Final | Page 10 of 18

Revenue per Product Analysis

-0.5%

5.2%

75.7%

-34.2%

5.7%2.9%

-50.0%

-40.0%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Revenues Growth Analysis 1H16 vs 1H15

Sports Betting VLTs/ AWPsIT products &services, etc

Consolidatedrevenues

RacingNumerical

September 2016 | Public | Final | Page 11 of 18

Revenue per Product Contribution

Sports % of total 35.4%

Numerical % of total 47.1%

VLTs/AWPs % of total 3.1%

Racing % of total 2.5%

IT products & services, etc % of total 11.9%

Revenue Analysis 1H16

September 2016 | Public | Final | Page 12 of 18

Wagers – Regional Analysis 1H16

3.1%

-1.3%

0.6%

15.4%

-13.6%

-7.6%

21.1%

0.8%

-20%

-10%

0%

10%

20%

30%

40%

East Europe West Europe Total Europe North America South America Asia Africa Total

% chg in Euro

September 2016 | Public | Final | Page 13 of 18

Wagers – Contribution per region

Total Wagers €12.3bn (+0.8% y-o-y)

East Europe 2,026

West Europe 2,542

North America 3,271

South America 425

Asia 3,941

Africa 136

Wagers Analysis per region 1H16in Euro million

September 2016 | Public | Final | Page 14 of 18

Appendix Summary Financial Statements

September 2016 | Public | Final | Page 15 of 18

1H16 – Group Income Statement

(in € million) 1H16 1H15%

change

Revenues 636.9 618.9 2.9%

Gross Profit 119.2 116.1 2.7%

Other Operating Income 10.2 12.4 -17.6%

OPEX 73.9 80.8 -8.5%

EBITDA 88.9 80.2 10.9%

margin 14.0% 13.0%

EBIT 55.5 47.7 16.3%

Interest expense (net) -27.9 -26.9

Exchange differences -3.1 5.8

Other -4.9 -0.9

EBT 19.6 25.7 -23.9%

NIATMI continuing -15.9 -22.7 n.m.

NIATMI discontinuing 35.3 -8.3 n.m.

Consolidated Income Statement for the 6 Months

Ended June 30th

, 2016

September 2016 | Public | Final | Page 16 of 18

1H16 – Group Balance Sheet

(in € million) 30/6/2016 31/12/2015

Tangible Assets 135,5 172,3

Intangible Assets 321,9 328,8

Other Non-Current Assets 205,4 146,3

Inventories 38,7 42,6

Trade receivables 95,9 123,1

Other Current Assets 315,9 356,3

TOTAL ASSETS 1.113,3 1.169,3

Share Capital 47,7 47,7

Other Equity Elements 98,9 81,9

Non-Controlling Interests 61,7 77,8

Total Shareholders Equity 208,3 207,4

Long-term Debt 508,1 718,1

Provisions/ Other Long term Liabilities 45,9 48,8

Short-term Debt 215,8 36,2

Other Short-term Liabilities 135,3 158,9

Total Liabilities 905,1 961,9

TOTAL EQUITY AND LIABILITIES 1.113,3 1.169,3

September 2016 | Public | Final | Page 17 of 18

1H16 – Group Cash Flow (in € million) 1H16 1H15

EBT from continuing operations 19.6 25.7

EBT from discontinuing operations 36.3 -8.1

Plus/less Adjustments 44.0 71.3

Decrease/(increase) of Inventories -0.2 1.6

Decrease/(increase) of Receivable Accounts -0.3 -13.1

(Decrease)/increase of Payable Accounts 1.8 -19.2

Income Tax Paid 15.0 16.5

Net Cash from Operating Activities 86.2 41.8

CAPEX -28.7 -36.0

(Purchases) / Sales of subsidiaries & other investments -20.3 12.1

Interest received 4.7 7.4

Dividends received 1.0 1.9

Net Cash from Investing Activities -43.3 -14.6

Subsidiary share capital return -3.4 0.0

Repurchase of own shares -0.2 0.0

Cash inflows from loans 22.1 24.8

Repayment of loans -35.8 -24.5

Bond buy-backs -14.3 -39.7

Repayment of Leasing Obligations -5.7 -5.8

Interest and similar charges paid -31.5 -33.8

Dividends paid -28.0 -19.7

Net Cash from Financing Activities -96.8 -98.6

Net increase / (decrease) in cash for the period -53.9 -71.4

Exchange differences -3.2 -5.6

Cash at the beginning of the period 276.6 416.9

Cash at the end of the period from total operations 219.5 339.9

Less: Cash at the end of the period from discontinued operations -6.4 0.0

Cash at the end of the period from continuing operations 213.1 339.9

September 2016 | Public | Final | Page 18 of 18

.A GLOBAL LEADER . YOUR LOCAL PARTNER