Aristocrat Leisure - AGM

Aristocrat Leisure Limited reported a revenue of $6.3 billion for the 12 months ending 30 September 2023, a 13% increase in reported terms and 7% in constant currency compared to the previous year.

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Summary

  1. Aristocrat Leisure Limited reported a revenue of $6.3 billion for the 12 months ending 30 September 2023, a 13% increase in reported terms and 7% in constant currency compared to the previous year.

  2. The company's EBITDA margin expanded to 33.4%, with net profit before amortisation reaching $1.3 billion, marking a 21% improvement in reported terms and 13% in constant currency year-over-year.

  3. Aristocrat Gaming Americas drove revenue and profit growth by 22% and 23% respectively, attributed to market share gains in gaming operations and outright sales in North America.

  4. International Class III revenue grew by 87% in constant currency, with profits more than doubling, driven by strong performance in Asia and market recovery in EMEA.

  5. Pixel United faced mixed conditions in the mobile gaming market but delivered resilient performance with bookings over $1.7 billion and segment profit of $568 million.

  6. Anaxi, Aristocrat's online real money gaming (RMG) division, made significant progress, achieving rapid scaling and establishing access to over 80% of the legal iGaming market in the US.

  7. The company continued to invest in growth initiatives, including capital investments in North America and strategic acquisitions like Roxor Gaming.

  8. Aristocrat's installed base of recurring revenue units in North America grew to over 64,000 units, representing a CAGR of 8% from financial year 2018 to 2023.

  9. The company sees strategic adjacencies and innovation in products and services as key growth drivers, with a focus on expanding in North America and online RMG.

  10. Aristocrat completed the acquisition of Roxor, providing immediate exposure to iGaming in Europe, and announced the proposed acquisition of NeoGames to accelerate growth.

  11. The company emphasizes sustainability and responsible gameplay as key components of its strategy, investing in initiatives and technologies to support responsible gaming.

  12. For the 2024 financial year, Aristocrat expects to deliver NPATA growth on a constant currency basis, with strong segment profit growth from Gaming expected to be skewed to the second half of the year.

  13. Aristocrat plans to host an investor event on 26 June 2024 focusing on online RMG and group strategy, indicating a strategic emphasis on expanding its online gaming presence.