11/08/2022 | 03:24pm EST
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period ended September 30, 2022
© 2022 Everi Holdings Inc. Forward-Looking Statements
This presentation contains "forward-looking statements" as defined in the U.S. Forward-looking statements are neither historical facts nor assurances of future performance, but instead are based only on our current beliefs, expectations, and assumptions regarding the future of our business, plans and strategies, projections, anticipated events and trends, the economy, and other future conditions, as of the date this presentation. Forward-looking statements often, but do not always, contain words such as "expect," "anticipate," "aim to," "designed to," "intend," "plan," "believe," "goal," "target," "future," "assume," "estimate," "indication," "seek," "project," "may," "can," "could," "should," "favorably positioned," or "will" and other words and terms of similar meaning. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which are based only on information currently available to us and only as of the date hereof. Actual results may differ materially from those contemplated in these statements, due to risks and uncertainties. Examples of forward-looking statements include, among others, statements regarding our ability to execute on key initiatives and deliver ongoing operating and financial improvements, including guidance related to 2022 financial and operational metrics; regain or maintain revenue, earnings and Free Cash Flow momentum; sustain our overall growth; drive growth of the gaming operations installed base and DWPU; continue expanding the portions of the gaming floor the Company's games address, including into the Historical Horse Racing category of gaming devices and the Company's overall targeted ship share of gaming machines sold; successfully perform obligations required by acquisition agreements; and create incremental value for our shareholders, as well as statements regarding our expectations for the industry environment and the adoption of our products and technologies. Forward-looking statements are subject to inherent risks, uncertainties, and changes in circumstances that are often difficult to predict and many of which are beyond our control, including, but not limited to, statements regarding: trends, developments, and uncertainties impacting our business, including our ability to withstand: global supply chain disruption; inflationary impact on supply chain costs; changes in global market, business and regulatory conditions arising as a result of the COVID-19 global pandemic, including any related public health confidence and availability of discretionary spending income of casino patrons, as well as expectations for the closing or re-opening of casinos; product innovations that address customer needs in a new and evolving operating environment; to maintain revenue, earnings, and cash flow momentum, and to enhance shareholder value in the long-term; trends in gaming establishment and patron usage of our products; benefits realized by using our products and services; benefits and/or costs associated with mergers, acquisitions, and/or strategic alliances; product development, including the release of new game features, additional games, and system releases in the future; regulatory approvals; gaming and financial regulatory and legal, card association, and statutory compliance and changes; the implementation of new or amended card association and payment network rules or interpretations; consumer collection activities; competition (including consolidations); tax liabilities; goodwill impairment charges; international expansion; resolution of litigation or government investigations; our dividend policy; new customer contracts and contract renewals; financial performance and results of operations (including revenue, expenses, margins, earnings, cash flow, and capital expenditures); inflationary impact on labor costs and retention; interest rates and interest expense; borrowings and debt repayments; and equity incentive activity and compensation expense. E V E R I H O L D I N G S I N C
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SAFE HARBOR DISCLAIMER
Our actual results and financial condition may differ materially from those indicated in forward-looking statements, and important factors that could cause them to do so include, but are not limited to, the following: our ability to generate profits in the future and to create incremental value for shareholders; our ability to withstand inflationary and other factors that pressure discretionary consumer spending; our ability to execute on mergers, acquisitions and/or strategic alliances, including our ability to integrate and operate such acquisitions or alliances consistent with our forecasts in order to achieve future growth; our ability to execute on key initiatives and deliver ongoing improvements; expectations regarding growth for the Company's installed base and daily win per unit; expectations regarding placement fee arrangements; inaccuracies in underlying operating assumptions; the impact of the ongoing Coronavirus Disease 2019 ("COVID-19") global pandemic on our business, operations and financial condition, including (i) actions taken by international, federal, state, tribal and municipal governmental and regulatory agencies to contain the COVID-19 public health emergency or mitigate its impact, (ii) the direct and indirect economic effects of COVID-19 and measures to contain it, including directives, orders or similar actions by international, federal, state, tribal and municipal governmental and regulatory agencies to regulate freedom of movement and business operations such as travel restrictions, border closures, business closures, limitations on public gatherings, quarantines and shelter-in-place orders as well as re-opening safety protocols; changes in global market, business, and regulatory conditions arising as a result of the COVID-19 global pandemic; our history of net losses and our ability to generate profits in the future; our leverage and the related covenants that restrict our operations; our ability to withstand unanticipated impacts of a pandemic outbreak of uncertain duration; our ability to withstand the loss of revenue during the closure of our customers' facilities; our ability to generate sufficient cash to service all of our indebtedness, fund working capital, and capital expenditures; our ability to maintain our current customers; expectations regarding customers' preferences and demands for future product and service offerings; the growth of the gaming industry, if any; our ability to replace revenue associated with terminated contracts; margin degradation from contract renewals; our ability to comply with the Europay, MasterCard, and Visa global standard for cards equipped with security chip technology; our ability to successfully introduce new products and services, including third-party licensed content; gaming establishment and patron preferences; failure to control product development costs and create successful new products; anticipated sales performance; our ability to prevent, mitigate, or timely recover from cybersecurity breaches, attacks, and compromises; national and international economic and industry conditions; changes in gaming regulatory, card association, and statutory requirements; regulatory and licensing difficulties, competitive pressures and changes in the competitive environment; operational limitations; gaming market contraction; changes to tax laws; uncertainty of litigation outcomes; interest rate fluctuations; business prospects; unanticipated expenses or capital needs; technological obsolescence and our ability to adapt to evolving technologies; our ability to comply with our debt covenants and service outstanding debt; employee hiring, turnover, and retention; our ability to comply with regulatory requirements under the Payment Card Industry ("PCI") Data Security Standards and maintain our certified status; and those other risks and uncertainties discussed in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2021 (the "Annual Report"). Given these risks and uncertainties, there can be no assurance that the forward-looking information contained in this presentation will in fact transpire or prove to be accurate. E V E R I H O L D I N G S I N C
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EVERI: WHO WE ARE
segments that generate significant recurring revenue
Games: A leading developer of differentiated, entertaining, player-popular games and other gaming services
FinTech: Gaming industry's preeminent provider of integrated financial products, information and regulatory compliance software, and player loyalty tools
E V E R I H O L D I N G S I N C
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Everi : Investor Presentation &ndash; October 2022

Image provided by iStock. March 1, 2022
Everi Holdings, a provider of game content and gaming machines, gaming systems and services for land-based and iGaming operators, reported record revenue for the Q4 2021 ending Dec. 31, 2021, according to an earnings release. Highlights include:
Revenue rose 51% from $119.6 million in Q4 2020 to a quarterly record $180.39 million in Q4 2021. Net income grew to a record $89.4 million, or 88 cents per diluted share, compared to $1.1 million, or 1 cent per diluted share, in the 2020 fourth quarter; net income in the 2021 fourth quarter includes an improvement of 180% in operating income as well as a $63.5 million income tax benefit related to the reversal of deferred tax asset valuation allowances. Games segment revenue increased to a quarterly record $105.4 million compared to $64.9 million in the fourth quarter of 2020, reflecting record sales of gaming machines and growth in gaming operations revenue, which includes increases in both the installed unit base and in daily win per unit. Fintech revenue for the 2021 fourth quarter increased to a record $75 million compared to $54.6 million in the fourth quarter of 2020, primarily reflecting an increase in financial access services and software and other revenues. Revenue rose 72% from $383.7 million in 2020 to $660.4 million in 2021, and exceeded the prior record year achieved in 2019 by 24%, or $127.2 million. Net income, inclusive of $34.4 million in pre-tax costs for the extinguishment of debt associated with the company's refinancing of its outstanding debt in the third quarter and the income tax benefit, increased to a record $152.9 million, or $1.53 per diluted share, compared to a net loss of $81.7 million, or 96 cents per diluted share, in 2020 and was $136.4 million higher than 2019. Gaming operations revenue grew 40% to $69.8 million from $49.7 million a year ago. Shares traded today at $22.31 against a 52-week range of $12.77-$26.61. The $180.39 in quarterly revenue beat analyst expectations by $12.9 million while the Q4 GAAP EPS of 88 cents beat expectations by 52 cents, according to Seeking Alpha . "For 2022, we expect another year of steady growth as our operating results benefit from the continued expansion of our installed base of leased gaming units, growing ship share of gaming machines sold, continued increases in same-store financial access transactions and ongoing organic growth of our loyalty and regulatory compliance solutions," CEO Michael Rumbolz said in the release.

Everi Holdings reports record Q4 2021 revenue

2021
01/11/2022 | 08:01am EST
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LAS VEGAS, Jan.  11, 2022  (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that it has agreed to acquire certain strategic assets, including game development technology and intellectual property of Atlas Gaming Pty Ltd and Atlas Gaming Technologies Pty Ltd (collectively, “Atlas”), an Australia-based developer and provider of proprietary gaming content and products. Everi expects the acquisition to close within the next 60 days. The acquisition of the Atlas assets complements Everi’s existing game development studios and portfolio of games while providing a pathway for future expansion into new international markets. In conjunction with the acquisition of these assets, Atlas development and engineering team members will join Everi. Everi will fund the acquisition from existing cash on hand. Dean Ehrlich, Everi’s Executive Vice President and Games Business Leader, said, “We are excited to welcome members of the talented and experienced Atlas team to Everi. We look forward to Atlas’ game developers and engineers bringing a global perspective that will help us execute a more robust product roadmap and support our growth strategy of delivering best-in-class content. This transaction strengthens Everi’s development capabilities and will further bolster the future expansion and differentiation of our gaming products. We expect to leverage the Atlas development team and purchased assets to provide more original content for our current customer base while creating an opportunity to further penetrate the markets Atlas has historically served, including Australia.”  
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often contain words such as “intends,” “anticipates,” “seek,” “expect,” “plan,” “believe,” “goal,” “target,” “future,” “estimate,” “may,” “should,” “to leverage,” “well positioned” or “will” and similar expressions to identify forward-looking statements. The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set forth under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports, and are based on information available to us on the date hereof. These cautionary statements qualify our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement contained herein speaks only as of the date on which it is made, and we do not intend, and assume no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release should be read in conjunction with our most recent reports on Form 10‑K and Form 10‑Q, and the information included in our other filings with the SEC. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods. About Everi
Everi’s mission is to lead the gaming industry through the power of people, imagination and technology. With a focus on player engagement and helping casino customers operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and iGaming operators. The Company is also a preeminent and comprehensive provider of trusted financial technology solutions that power the casino floor while improving operational efficiencies and fulfilling regulatory compliance requirements, including products and services that facilitate convenient and secure cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software. For more information, please visit www.everi.com, which is updated regularly with financial and other information about the Company. Join Everi on Social Media

Everi Agrees to Acquire Strategic Assets and Retains Experienced Team from Australia-Based Atlas Gaming

Las Vegas, Nevada, UNITED STATES
LAS VEGAS, Jan.  11, 2022  (GLOBE NEWSWIRE) -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that it has agreed to acquire certain strategic assets, including game development technology and intellectual property of Atlas Gaming Pty Ltd and Atlas Gaming Technologies Pty Ltd (collectively, “Atlas”), an Australia-based developer and provider of proprietary gaming content and products. Everi expects the acquisition to close within the next 60 days. The acquisition of the Atlas assets complements Everi’s existing game development studios and portfolio of games while providing a pathway for future expansion into new international markets. In conjunction with the acquisition of these assets, Atlas development and engineering team members will join Everi. Everi will fund the acquisition from existing cash on hand. Dean Ehrlich, Everi’s Executive Vice President and Games Business Leader, said, “We are excited to welcome members of the talented and experienced Atlas team to Everi. We look forward to Atlas’ game developers and engineers bringing a global perspective that will help us execute a more robust product roadmap and support our growth strategy of delivering best-in-class content. This transaction strengthens Everi’s development capabilities and will further bolster the future expansion and differentiation of our gaming products. We expect to leverage the Atlas development team and purchased assets to provide more original content for our current customer base while creating an opportunity to further penetrate the markets Atlas has historically served, including Australia.”  
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often contain words such as “intends,” “anticipates,” “seek,” “expect,” “plan,” “believe,” “goal,” “target,” “future,” “estimate,” “may,” “should,” “to leverage,” “well positioned” or “will” and similar expressions to identify forward-looking statements. The forward-looking statements in this press release are subject to additional risks and uncertainties, including those set forth under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission (the “SEC”), including, without limitation, our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the SEC on March 15, 2021 and subsequent periodic reports, and are based on information available to us on the date hereof. These cautionary statements qualify our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement contained herein speaks only as of the date on which it is made, and we do not intend, and assume no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release should be read in conjunction with our most recent reports on Form 10‑K and Form 10‑Q, and the information included in our other filings with the SEC. Understanding the information contained in these filings is important in order to fully understand our reported financial results and our business outlook for future periods. About Everi
Everi’s mission is to lead the gaming industry through the power of people, imagination and technology. With a focus on player engagement and helping casino customers operate more efficiently, the Company develops entertaining game content and gaming machines, gaming systems, and services for land-based and iGaming operators. The Company is also a preeminent and comprehensive provider of trusted financial technology solutions that power the casino floor while improving operational efficiencies and fulfilling regulatory compliance requirements, including products and services that facilitate convenient and secure cash and cashless financial transactions, self-service player loyalty tools and applications, and regulatory and intelligence software. For more information, please visit www.everi.com, which is updated regularly with financial and other information about the Company. Join Everi on Social Media

Nikada/E+ via Getty Images
Everi Holdings (NYSE: EVRI ) has agreed to acquire certain strategic assets of Australia-based Atlas Gaming and Atlas Gaming Technologies (collectively, "Atlas"). Financial terms of the deal were not disclosed. Atlas develops and provides proprietary gaming content and products. The acquisition, which is expected to close within the next 60 days, covers the game development technology and intellectual property of Atlas. Atlas development and engineering team members will join Everi. The deal complements Everi's existing game development studios and portfolio of games while providing a pathway for future expansion into new international markets.

Everi agrees to acquire assets of Atlas Gaming

Penn Entertainment (Nasdaq: PENN) provides integrated entertainment, sports content and casino gaming experiences. It owns, operates, or has ownership interests in gaming and racing facilities across the United States and Canada, with a focus on casino entertainment. Penn Entertainment was formerly known as Penn National Gaming. The company was founded in 1982 and is based in Wyomissing, Pennsylvania.

Penn Entertainment

05 , 2018 -- Everi Holdings Inc. , the casino gaming industry 's single source provider of gaming products and financial technology solutions , announced today a four-year extension of its cash advance , ATM , check warranty , and redemption device services agreement with Penn National Gaming , Inc. , the nation 's largest regional gaming operator with 40 properties in 18 jurisdictions throughout the United States .

Name	Work History	Title	Status
Victor Newsom	Mobile Clearinghouse Network, eCommLink, and Florida Blue	President, Senior Vice President	Current
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