#1Results for 6 months ended 31 December 2022 Investor's Presentation 27 February 2023 INSWORTH Ainsworth Game Technology Limited ABN 37 068 516 665 | ASX Code: AGI#2Disclaimer IMPORTANT NOTICE . This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. All statutory representations and warranties are excluded, and any liability in negligence is excluded, in both cases to the fullest extent permitted by law. No responsibility is assumed for any reliance by any person on this document or the accompanying presentation. SUMMARY INFORMATION The information contained in this presentation is a summary overview of the current activities of AGT. This presentation does not purport to be all inclusive or to contain all the information that a prospective investor may require in evaluating a possible investment. This presentation is for general information purposes and is not intended to be and does not constitute a prospectus, product disclosure statement, pathfinder document or other disclosure document for the purposes of the Corporations Act and has not been, and is not required to be, lodged with the Australian Securities & Investments Commission. This presentation should be read in conjunction with all other periodic and continuous disclosure announcements lodged by AGT with the Australian Securities Exchange, available at www.asx.com.au ((ASX:AGI). NOT FINANCIAL PRODUCT ADVICE • The material contained in this presentation is not, and should not be considered as, financial product or investment advice. This presentation is not an offer, invitation or recommendation to acquire New Shares, and does not take into account the investment objectives, financial situation or particular needs of any particular investor. You must make your own independent assessment and review of AGT, and the information contained, or referred to, in this presentation, including its financial condition, assets and liabilities, financial position, profits and losses, prospects and business affairs, including the merits and risks involved. Nothing in this presentation constitutes investment, legal, tax or other advice. You should seek legal, financial, tax and other advice appropriate for your jurisdiction. PAST AND FUTURE PERFORMANCE This presentation contains information as to the past performance of AGT. Such information is given for illustrative purposes only, and is not - and should not be relied upon as - an indication of future performance of AGT. The historical information in this presentation is, or is based upon, information contained in previous announcements made by AGT to the market. For additional information concerning AGT, please see the AGT's announcements released on the Australian Securities Exchange (ASX:AGI). This presentation contains certain "forward looking statements". Forward looking words such as "expect", "should", "could", "may", "will", "believe", "forecast", "estimate" and other similar expressions are intended to identify forward-looking statements. Such statements are subject to various known and unknown risks, uncertainties and other factors that are in some cases beyond AGT's control. These risks, uncertainties and factors may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements and from past results, performance or achievements. AGT cannot give any assurance or guarantee that the assumptions upon which management based its forward-looking statements will prove to be correct or exhaustive beyond the date of its making, or that AGT's business and operations will not be affected by other factors not currently foreseeable by management or beyond its control. Such forward-looking statements only speak as at the date of this announcement and AGT assumes no obligation to update such information. ACCEPTANCE The receipt of this document by any investor or potential investor shall constitute such investor's or potential investor's acceptance of the foregoing terms and conditions. 2#3MIDI $1.062.62 09 Ne GOO Free 40 Fee 600 DOLLAR KING MAJOR $9.015 WIN BEFOR WELCOME Agenda • Results Summary Consolidated Results · Segment Performance Land Based Gaming Products Online • Conclusion A 3#4STACK COLD GRAND $2,501.5 MAJOR $40 $504.29 MINI BONUS MINOR BONUS GRAND $2,500.75 MAJOR $2,500 $501.70 $500 ACTION DRAGONS el ACTION DRAGONS 10 MINI $1 MUSTANG SPIRIT QUKS SK Q A Q MUSTANG SPIRIT CREDIT $12.136.91 GAME OVER PLAY NOW WIN $0.00 BET $5.00 DEMO Results Summary A#5• Results Summary Profit before tax normalised for currency and one-off items of $18.8m for the 6 months ended December 2022 ("Current period"), improvement of 88% compared to pandemic- impacted 6 months ended 31 December 2021 ("pcp") with government restrictions in place in LATAM and Australia during that period. • Delivered similar results for the 6 months ended 30 June 2022 ("prior half") despite continued rising costs pressures in the current period. • • • North America segment contributed 48% of total revenue, similar to prior half. Net cash position of $36.5m, compared to the net cash position of $32.2m at 31 December 2021, and net cash position of $50.3m at 30 June 2022. Reduction in net cash balance compared to 30 June 2022, resulted from further investments in working capital (inventories in particular) to navigate global supply chain challenges. Dividend continues to be suspended to provide strong liquidity to allow the Company to continue to invest in R&D to deliver competitive products and to navigate the uncertainties in global supply chain shortages and continuing inflationary cost pressures. In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 (PCP) 6 months ended 30 Jun 2022 (Prior half) 12 months ended Current period Current period vs PCP 30 Jun 2022 vs Prior half Revenue 124.1 100.7 119.5 220.2 23.4 4.6 Underlying EBITDA 26.4 20.7 29.4 50.1 5.7 (3.0) Provision for Mexican duties and other charges 5.5 16.5 16.5 5.5 (11.0) Impairment losses - LATAM and Australia and 3.9 5.2 5.2 3.9 (1.3) Other CGU Profit before tax excluding currency and one-off items 18.8 10.0 18.8 28.8 8.8 Reported Profit after tax 5.9 9.1 2.7 11.8 (3.2) 3.2 A#6Units 9,000 8,500 8,000 7,500 7,000 Gaming Operations with recurring revenues and steady international sales contribution Units under gaming operations International % of total sales % 100% 90% 83% 82% 81% 81% 79% 77% 80% 73% 6,500 6,604 6,464 6,000 5,500 5,000 4,500 7,001 7,052 70% 60% 50% 6,496 6,517 6,389 40% 30% 20% 10% 0% 4,000 Dec 2019 Jun 2020 Dec 2020 Jun 2021 Dec 2021 Jun 2022 Dec 2022 A#7A GRAND Legacy On 5th-9th Lines with Max Credits Played on Same Active Line US$30.011.97 AINSWORTH GRAND Legacy JACKPOT JACKPOT JACKPOT US$30,011.97 Progressive Active on Lines 5-9 150 77790 7775 60 US$10.512.39 US$4.564.75 US$2.158.98 US$992.28 A45 30 BAR BARBAR 15 94 MULTIPLY WINNING PAYLINES UP TO 125Xxx 000 006 000 MM BAR BAR BAR 000 000 0001 BAR BAR BAR BAR Total Win: US$72.00 LINES Press Gamble, Play On or Take Win CREDITS 21 US$1 CREDIT BAR Line 7 WIN 36 US$ 12.00 STAR SLANT Consolidated Results A 7#8Profit & Loss Summary In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 6 months 12 months ended 30 Jun 2022 Current period Current period ended 30 Jun 2022 vs PCP vs Prior half (PCP) (Prior half) DIAMAND The Domestic revenue 23.2 16.7 22.2 38.9 6.5 1.0 International revenue 100.9 84.0 97.3 181.3 16.9 3.6 $5,000. $50.00 $500.00 WOMOS $5,000.00 Total revenue 124.1 100.7 119.5 220.2 23.4 4.6 Gross profit 83.6 63.0 75.0 138.0 20.6 8.6 EBITDA 14.9 24.6 12.5 37.1 (9.7) 2.4 EBITDA Margin % 12% 24% 10% 17% (12%) 2% ULTIMATE GORILLA DIAMOND OR MORE AWARDSERLEGAMES Profit Before Tax 7.3 13.9 1.9 15.8 (6.6) 5.4 KAAJ Income tax (expense) / (1.4) (4.8) 0.8 (4.0) 3.4 (2.2) benefit J PAA Profit After Tax 5.9 9.1 2.7 11.8 (3.2) 3.2 BQ R&D (% of revenue) 16% 18% 14% 16% (2%) 2% 1.8 cents 2.7 cents 0.7 cents 3.4 cents (0.9 cents) 1.1 cents EPS (diluted) (A$) Increased revenue in the current period compared to pcp due to strong recovery of the LATAM market. Slight improvement of revenue compared to prior half, predominately from LATAM, Australia and ROW region. . Profit before tax (excluding currency impact) is $9.4m, compared to $10.4m in pcp, and ($2.8m) loss in prior half. . Normalised PBT for currency impact, one-off items was a profit of $18.8m in the current period compared to $10.0m in pcp and $18.8 in the prior half. EBITDA of $14.9m includes $2.1m currency translation losses. Increased international revenue of $16.9m compared to pcp, and $3.6m from the prior half. International revenue accounted for 81% of group revenues in this period. A 8#9Results Adjusted For Currency Movement and One-off Items A In millions of AUD Profit Before Tax Foreign currency losses / (gains) Rent concessions Provision for Mexican duties and other charges Impairment losses - LATAM and Australia and Other CGU Adjusted For Currency and One-off Items Profit Before Tax Adjusted For Currency and One-off Items Profit After Tax 6 months ended 31 Dec 2022 (Current 6 months ended 31 Dec 2021 (PCP) 6 months ended 30 Jun 2022 (Prior half) 12 months ended Current period Current period vs PCP vs Prior half 30 Jun 2022 period) 7.3 13.9 1.9 15.8 (6.6) 5.4 2.1 (3.5) (4.7) (8.2) 5.6 6.8 (0.4) (0.1) (0.5) 0.4 0.1 5.5 16.5 16.5 5.5 (11.0) 3.9 5.2 5.2 3.9 (1.3) 18.8 10.0 18.8 28.8 8.8 15.5 6.1 18.2 24.3 9.4 (2.7) 9#10Reconciliation: Profit Before Tax to EBITDA & Underlying EBITDA In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 (PCP) 6 months ended 30 Jun 2022 (Prior half) 12 months ended 30 Jun 2022 Current period Current period vs PCP vs Prior half Reconciliation: Profit Before Tax Net interest income Depreciation and amortisation Reported EBITDA 7.3 13.9 1.9 15.8 (6.6) 5.4 (3.3) (0.1) (0.8) (0.9) (3.2) (2.5) 10.9 10.8 11.4 22.2 0.1 (0.5) 14.9 24.6 12.5 37.1 (9.7) 2.4 Foreign currency losses / (gains) 2.1 (3.5) (4.7) (8.2) 5.6 6.8 Rent concessions (0.4) (0.1) (0.5) 0.4 0.1 Provision for Mexican duties and other charges 5.5 16.5 16.5 5.5 (11.0) Impairment losses - LATAM and Australia and Other CGU Underlying EBITDA 3.9 26.4 5.2 5.2 3.9 (1.3) 20.7 29.4 50.1 5.7 (3.0) The $3.9m impairment charge recognised in the six-month period ended 31 Dec 22 predominately relates to reduction in available headroom in the LATAM CGU due to a lower recoverable amount for this CGU. This non-cash impairment resulted from the timing nature of the current business model within LATAM where gaming machines are initially placed under operation which results in assets requiring assessment for impairment purposes despite the generation of increased participation revenue prior to the potential conversion to sale. Increasing inflationary cost pressures also impacted the recoverable amount for this CGU. A 10 10#11Operating Costs 6 months ended 6 months ended 6 months ended 6 months to 6 months to 12 months 31 Dec 2022 In millions of AUD 31 Dec 2022 (Current ended 31 Dec 2021 (PCP) 30 Jun 2022 (Prior half) at PCP 30 Jun 2022 31 Dec 2022 at Prior half currency basis currency basis Current period Current period vs PCP vs Prior half period) COGS 40.5 37.7 44.5 82.2 38.5 38.7 2.8 (4.0) Sales, service and marketing 35.0 25.0 30.8 55.8 32.6 32.9 10.0 4.2 ('SSM') R&D 19.4 18.0 17.3 35.3 18.6 18.7 1.4 2.1 Administration 12.9 10.9 10.1 21.0 12.2 12.3 2.0 2.8 Total Operating costs 107.8 91.6 102.7 194.3 101.9 102.6 16.2 5.1 Gross profit 83.6 63.0 75.0 138.0 77.4 78.0 20.6 8.6 Gross profit margin % 67% 63% 63% 63% 67% 67% 4% 4% COGS Increase in costs attributable to increased sales compared to the pcp. Decrease in costs compared to the prior half due to reduction in total units sold in the current period. Adverse translation impact $2.0m at pcp currency basis and $1.8m at prior half currency basis. SSM Costs SSM costs over total revenue was 28%, compared to 25% at pcp and 26% at prior half. Increase predominantly relating to staff costs and the impact of rising inflation across other costs. Adverse translation impact of $2.4m at pcp currency basis and $2.1m at prior half currency basis. R&D Costs Increase in costs compared to the pcp resulted from the increase in evaluation and testing expenses and the impact of rising inflation across other costs. Increase in costs compared to the prior half due to increase in evaluation and testing expenses and staffing costs and the impact of rising inflation across other costs. Adverse translation impacts of $0.8m at pcp currency basis and $0.7m at prior half currency basis. Administration Costs Increase in admin costs compared to the pcp as a result of increase in professional fees, personnel costs, and subscriptions. Increase in admin costs compared to the prior half as a result of increases staff costs and the impact of rising inflation across other costs. Adverse translation impacts of $0.7m at pcp currency basis and $0.6m at prior half currency basis. A 11#12Staff Headcount # Staff 31-Dec-22 31-Dec-21 30-Jun-22 Australia and Rest of the World Sales Service Production Administration 27 R&D 97 22225 31 48 26 28 28 99 Total Staff Numbers - Australia & Rest of the World 227 234 212222 222 North and Latin America Sales 31 Service 61 51 Production 53 Administration 77 R&D 50 255 29 32 59 38 46 64 69 55 49 Total Staff Numbers - North and Latin America 272 237 255 Total Staff Numbers - Consolidated AGT 499 471 477 A 12#13Millions Net Profit Bridge – Current period vs PCP - 35 30 25 25 20 15 10 6.4 9.1 5 2.7 0 3.8 5.2 10.3 4.1 (2.8) (0.8) (13.3) (0.1) (10.6) (5.6) 3.2 3.4 7.2 5.9 (1.3) -5 NPAT pcp (exc currency gains) NPAT pcp Product sales License fees Gaming Service operations revenue COGS Other Overheads income D&A Other expenses Forex Net Interest Tax NPAT current NPAT current period period (exc currency losses) Revenue increased due to market recovery in Latin America. $13.3m increase in overheads in line with revenue increase and inflation costs. $10.6m increase in other expenses relates to additional recognition of provision on SAT audit and increase in provisions for trade receivables and write-down of assets for LATAM and 'Australia and Other' CGUS compared to pcp. $5.6m unfavourable FX movement predominantly related to a lower gain on foreign exchange due to the strengthening of the US dollar against the AU dollar in the current period compared to the pcp. $7.2m currency adjusted profit after tax in the current period (versus $6.4m profit pcp), excludes $1.3m after tax currency losses (versus $2.7m after tax currency gains pcp)(1). (1) No tax effect on $0.5m currency gains in the current period (pcp: $1.0m currency gains). Calculation of currency losses / (gains) after tax: current period: -$0.5m + ($2.6m x 0.70) = $1.3m losses, pcp: -$1.0m + (-$2.4m x 0.70) = $2.7m gains. These net currency gains and losses predominantly relate to balance sheet translation originated from investment in the Americas. A 13#14Millions Net Profit Bridge - Current period vs Prior half 15 10 5 3.8 2.7 0 (1.1) (4.5) 1.8 5.1 2.2 9.6 0.6 4.0 0.5 55 (9.6) (6.8) 2.5 7.2 (2.2) 5.9 (1.3) -5 NPAT prior half NPAT prior half Product sales License fees Gaming Service operations revenue COGS Other income Overheads D&A Other expenses Forex Net Interest Tax NPAT current (exc currency gains) period NPAT current period (exc currency losses) Revenue increased due to market recovery in Latin America. $9.6m increase in overheads due to increasing inflation costs. $9.6m decrease in other expenses relates to $16.5m provision on SAT audit that was recognised in prior half. $6.8m unfavourable FX movement predominantly related to a lower gain on foreign exchange due to the strengthening of the US dollar against the AU dollar in the current period compared to the prior half. $7.2m currency adjusted profit after tax in current period (versus -$1.1m loss in prior half), excludes $1.3m after tax currency losses (versus $3.8m after tax currency gains in prior half)(1). (1) No tax effect on $0.5m currency gains in current period (prior half: $1.5m currency gains). Calculation of currency losses / (gains) after tax: current period: -$0.5m + ($2.6m x 0.70) = $1.3m losses, prior half: -$1.5m + (-$3.3m x 0.70) = $3.8m gains. These net currency gains and losses predominantly relate to balance sheet translation originated from investment in the Americas. 14 A#15Balance Sheet In millions of AUD 31-Dec-22 31-Dec-21 30-Jun-22 Total assets 425.7 381.4 406.5 Net assets 320.2 301.7 311.3 Total debt 0.6 14.1 Net cash 36.5 32.2 50.3 Debt Ratios Debt ratio (Total liabilities/Total assets) 31-Dec-22 31-Dec-21 30-Jun-22 25% 21% 23% Debt to equity ratio (Total liabilities / Total equity) Six-month cash flow to debt ratio - (Cash flow from operating activities / Total liabilities) 33% 26% 31% (8%) 39% 21% Receivables closing balance of $115.5m as at 31 Dec 22 (31 Dec 21: $103.5m, 30 June 22: $112.7m) resulted in an improved receivable turnover ratio compared to 31 Dec 21, a pandemic affected period. Inventory closing balance of $90.1m (31 Dec 21: $55.7m, 30 June 22: $68.3m). Increase in inventory holding at balance date to mitigate supply chain challenges. A 15#16Cash Flow Statement Cash balance at 31 December 2022 was affected by a decrease in net cash from operating activities due to increase in working capital investment (particularly inventory) to mitigate global supply chain shortages and overall rising costs due to inflation. A 6 months ended In millions of AUD 31 Dec 2022 6 months ended 31 Dec 2021 (Current period) (PCP) 6 months ended 30 Jun 2022 (Prior half) 12 months ended 30 Jun 2022 Current period vs PCP Current period vs Prior half Net cash (used) in / from operating activities Proceeds from sale of property, plant and equipment Interest received Acquisitions of property, plant and equipment Development expenditure Net cash used in investing activities Borrowing costs paid Proceeds from borrowings Repayment of borrowings (8.0) 31.0 20.3 51.3 (39.0) (28.3) 0.1 0.1 0.1 0.1 2.6 2.6 2.6 (2.0) (0.8) (0.9) (1.7) (1.2) (1.1) (1.9) (2.4) (1.4) (3.8) 0.5 (0.5) (1.2) (3.2) (2.2) (5.4) 2.0 1.0 (0.6) (1.0) (0.8) (1.8) 0.4 0.2 0.4 0.3 0.2 0.5 0.1 0.2 (0.4) (24.5) (14.6) (39.1) 24.1 14.2 Proceeds from finance lease 0.7 0.4 0.1 0.5 0.3 0.6 Payment of lease liabilities (1.1) (0.6) (1.0) (1.6) (0.5) (0.1) Net cash used in financing activities (1.0) (25.4) (16.1) (41.5) 24.4 15.1 Net (decrease) / increase in cash and cash (10.2) 2.4 2.0 4.4 (12.6) (12.2) equivalents Opening cash and cash equivalents 50.3 42.4 46.3 42.4 7.9 4.0 Effect of exchange rate fluctuations on cash held (3.0) 1.5 2.0 3.5 (4.5) (5.0) 16 Cash and cash equivalents at reporting date 37.1 46.3 50.3 50.3 (9.2) (13.2)#17Segment Performance 10,32 QUICK SPIN 141 950 500 750 250 1350 OUN SPIN QUICK SPIN 2500 1006 RS UP T 5X 4X 400 1000 150 350 500 Nee AL LACO 315 125 50909 5X WINS 22.000 UP TO WHEEL 출출출 200 BAR CHOOSE YOUR DEAC 25: $1 BA WHE HEEL FOOD DOA 7000 300 150 500 500 750 250 500 H HR H 179 BAR BHR HAR 17#18North America In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 6 months ended 30 Jun 2022 12 months Current period Current period ended 30 Jun 2022 vs PCP vs Prior half (PCP) (Prior half) Revenue Gross Profit Segment EBITDA Segment Profit 59.7 54.6 60.5 115.1 5.1 (0.8) 47.1 36.8 42.1 78.9 10.3 5.0 36.7 28.4 33.8 62.2 8.3 2.9 30.9 23.1 28.4 51.5 7.8 2.5 Segment Profit (%) 52% 42% 47% 45% 10% 5% Unit Volume (no.) 922 1,175 1,122 2,297 (253) (200) ASP (US$'000's)* 19.4 18.0 17.2 17.6 1.4 2.2 Game Operations - Class II Installed Base 1,979 1,453 1,679 1,679 526 300 (Including HHR) Game Operations - Class III Installed Base Average Fee per Day (US$) 848 33 952 32 892 34 892 33 (104) 1 (44) (1) *Excludes distributor sales, reworks and on-charges A • Revenue of $59.7m in the current period, an increase of 9% compared to the $54.6m revenue in the pcp. Current period revenue decreased by 1% compared to the prior half. Participation & lease revenue of $23.7m and contributing 40% of the current period's segment revenue, increase of 45% over pcp and 20% over prior half. No improvement in Class III installed base due to game performance, however, continued strong performance in Class II products continues to drive total participation and lease revenue upwards. HHR connection fees now contributes 19% of this segment total revenue, an increase of 4% compared to pcp and 3% compared to prior half. We have now 5,510 units (+1,316 units compared to 30 June 2022) connected to our HHR system, generating recurring revenue. Continued strong performance in game operations in Class II continues to drive this segment's performance. New installs occurred in additional properties in Kentucky and New Hampshire and the newly approved jurisdiction in Texas. These locations are driving win per day at up to double the rate of previous Class III and Class II installations. We anticipate continued momentum in this area as new installations occur in Kentucky, Alabama, New Hampshire and Wyoming. 18#19Gambler's Gold MultiGame Following the success of games in South Dakota, the launch of the games in Louisiana has shown similar results as previously expected. Feedback from 2022 Nevada field trial and first placements in other Class III markets being implemented into a new product package is expected to hit market in mid-2023. Next generation of Gambler's Gold TM to add successful QuickSpinTM slot content and additional Keno options. Nevada / Class III product updated for better presentation and player attractiveness. QuickSpinTM released on South Dakota VLT product and maintaining strong performance. Further opportunities in Montana expected in late 2023 following the expiry of an exclusive distribution agreement in this state. 2500 300 350 3X 4X QUICK SPIN ANSUN $800.00 $250.00 $50.00 $10.00 $800.00 $50.00 KY KITTY $250.00 $10.00 Jacks or B POKER COMBOLS FUR RENOS HORSE CONDUIT UP CUPER PARTY Kens POWER Keno PARTY Keno POWER Hold DISCO Lucky Lamp Just WIN One Yer Hits More Купо krne Keno assic Keno CASH OUT $89.2 CASH BALANCE GAMBLER'S GOLD 19#20Latin America In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 6 months ended 30 Jun 2022 12 months ended Current period Current period vs PCP vs Prior half 30 Jun 2022 (PCP) (Prior half) Revenue Gross Profit Segment EBITDA Segment Profit 33.1 22.2 30.0 52.2 10.9 3.1 22.2 15.0 19.4 34.4 7.2 2.8 9.7 9.3 10.0 19.3 0.4 (0.3) 10.4 10.0 10.8 20.8 0.4 (0.4) Segment Profit (%) 31% 45% 36% 40% (14%) (5%) Unit Volume (no.) 908 889 991 1,880 19 (83) ASP (US$'000's)* 18.4 14.3 18.2 16.5 4.1 0.2 Game Operations - Installed 3,690 4,091 3,818 3,818 (401) Base Average Fee per Day (US$) 12 11 11 11 (128) 1 *Excludes distributor sales, reworks and on-charges Revenue increase of 49% compared to pcp, current period revenue increased 10% compared to the prior half. Segment profit increase of 4% in current period compared to pcp and decrease 4% compared to the prior half. A Of the 908 machines AGT sold in the period, 20% were reconditioned units, compared to 39% in pcp and 33% in prior half, contributing higher revenue. Drop in game operations installed base, predominantly from Mexico, resulting from introduction of smoking ban in gaming venues and gaming tax law, limiting operators' capabilities to operate at full capacity. Demand continues to grow for the A-STARTM range of cabinets. Game themes such as Pan Chang TM, Fiesta Grande TM, Rio Grande Los Toritos TM, and Multi-Win™ games are amongst the regions' top performers. 20 20#21Australia In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 6 months ended 12 months ended Current period Current period (PCP) 30 Jun 2022 (Prior half) vs PCP vs Prior half 30 Jun 2022 Revenue Gross Profit Segment EBITDA Segment Profit 23.2 16.7 22.2 38.9 6.5 1.0 7.3 6.6 7.4 14.0 0.7 (0.1) 2.7 3.8 3.6 7.4 (1.1) (0.9) 2.1 3.3 2.9 6.2 (1.2) (0.8) Segment Profit (%) Unit Volume (no.) ASP (ex rebuilds) ($A'000's) 9% 20% 13% 16% (11%) (4%) 792 591 781 1,372 201 11 23.6 21.7 22.9 22.3 1.9 0.7 A Improvement in segment revenue of $23.2m in the current period compared to pandemic-affected pcp of $16.7m. Segment profit decreased by 36% compared to the pcp and 28% compared to prior half, driven by increasing pressures on costs of production. Improved ASP despite competitive market conditions, however overall reduction in Gross Profit % with continuing inflationary pressures and weakening of AUD against USD, adversely impacting costs of production. Total unit volume increased to 792 units from 591 units in pcp and from 781 from the prior half. Treasure Spirits TM continued to outperform in NSW, resulting in improvement in the current period compared to pcp and prior half. NSW contributed over 50% of the Australian segment revenue. Steady performance in Queensland in the current period. 221#22Rest of the World (including Online) In millions of AUD 6 months ended 31 Dec 2022 (Current period) 6 months ended 31 Dec 2021 6 months ended 12 months Current period Current period ended 30 Jun 2022 vs PCP vs Prior half 30 Jun 2022 (PCP) (Prior half) Revenue Gross Profit 8.1 7.2 6.8 14.0 0.9 1.3 7.0 4.7 6.0 10.7 2.3 1.0 Segment EBITDA 5.8 4.1 5.2 9.3 1.7 0.6 Segment Profit 5.7 4.0 5.1 9.1 1.7 0.6 Segment Profit (%) 70% 56% 75% 65% 14% (5%) Unit Volume (no.) 41 63 30 93 (22) 11 Online Revenue 6.4 3.7 5.9 9.6 2.7 0.5 The online revenue contributed $6.4m in the current period and continues to account for the majority of total revenue from this segment. New Zealand and Asia also contributed to the revenue achieved in the current period. Minimal unit sales related to New Zealand. Recent change in operational structure in the land based markets within Rest of the World expects to improve segment profit in the coming periods. EBITDA and segment profit improved as online revenue with high margin contributed to 79% of the segment's total revenue. Online revenue previously contributed 51% of total revenue in pcp. A 22 22#23RTH ake the Shot YOUR SCORE 002 ANSWORTH She $20.912.43 MILSA CHOICE MAG $20,012.4 Land Based 10 0 10 K 9 3 Shop 212.47 1002.73 MOR Gaming Products KOK AAK 10 J DUCAA K $787.78 ASS 000 $581.71 ASMAR Gold KAU Lucky $7.512.30 $777.50 $10 $500 Lucker $7.516.51 $769.11 $108 CAD SHEN $7.8127 QUE SNAGE C SIGN GAM#24Key Market Highlights • • . • NORTH AMERICA Treasure Spirits TM off to strong start with test banks performing well in extremely competitive environments. HHR product live in multiple New Hampshire locations on reoccurring revenue model. Cash Stacks Gold TM and Ultra ShotTM series expected to be commercially available in Q2-2023. GOU Route stable in HHR and Class II with release of key new products. High Denom™ content continues to thrive, regularly having 5+ games appear on industry performance indexes (ReelMetrics and Eilers). Continued Game Development growth to be showcased at annual Indian Gaming Association Show in March with debut of Grand Fortune games. • Placed 200 games in route at Speaking Rock in Texas. $500 Are Spirits 财宝灵神 GRAND $10,036.73 COR $750.36 $100 K10 K WIN Now live in 6 locations in New Hampshire, all reoccurring revenue units. ULTRAShole $10,000.22 ,000.00 $750.00 $50 $10 TIGER monin THER FEATURE 10 9 9 MAJOR $751.60 $2,500 $500 PANDA 大熊猫 ANY SOR MORE TRIGGERS THE PANDA FEATURE 9 EGI ORTH RACTIVE HRACE HIGH Denon 224#25LATIN AMERICA Key Market Highlights ASTAR Demand continues to grow for the new A-START cabinets. Pan Chang™, Cash Stacks TM, Xtension LinkTM and Multi-WinTM games remain top-performing products. Xtension Link™ performing very well and driving expanded placements in the region. ULTI WINT MAJOR $7,002.29 WIN BEFORE $8,000 MINOP SHSTACKS $5.000.18 GRAND $500.74 Ay or more $10 PAN HAN XTENSION LINK CASH STACKS XTENSION LINK GRAND $15,000 INCAN EMPEROR 25 25#26Key Market Highlights AUSTRALASIA • Strong installs backed by solid performance of Cash Stacks™ in Qcom markets and continued rollout of Treasure Spirits TM in multiple markets with exceptional performance in NSW. Launch of new Ultra ShotTM Series. Strong performance maintained across all jurisdictions. Introduction of the new A-STAR™ Slant cabinet was well received, and installations have continued to increase as supply has increased. DANCE CKS ANSWORTH HSTA CASHSTACKSink INCAN EMPEROR STACKS $7,500.00 $750.00 SAS S STACKS Year FORTUNE S STACKS $7,500.00 GRAND JJK DASH SHACKS MUSTANG SPIRIT HSTACKS $7,500.00 GRAND- $150.00 $10 10 Q 9 KJJK DASH SHACKS CASH STACKS STACKS $7,500.00 GRAND- $750.00 520 QK9 AR AR MR 26#27Game Development Investments Clear Product Strategy • Globalisation of key tentpole products - Treasure Spirits TM, Cash Stacks Gold™, Ultra ShotTM and Grand Fortune™M Focus on leveraging High Denom TM content with new concepts and utilising key brands - Thunder Cash ClassicTM and Dollar Streak Classic™. Refining product branding and consistency across worldwide gaming lines. Improving global product delivery and quality on product release. Expanded use of focus groups and player testing sessions for key content prior to market release. Growth in R&D Pipelines • Continuing investments on Next-Gen Game and Math engines, with limited field trials beginning in current period. Increased utilization of external content and game development providers for cost-effective growth. Focused investment on hardware and cabinet design with attention on global markets and trends. Future Investments Preparing to showcase next generation products at G2E 2023. Expect to display content by four studios by end of 2023. Internal upgrades underway for better design tools and improved Sight, Sound and Action. SWORTH HIGH MATIC TREASURE Spirits 财宝灵神 GRAND FORTUNE THUNDER CASH PANDA TIGER INS CASH STACKS COLD ULTRASket DOLLAR STREAK CLASSIC A 27#28Global Game Studios Sydney PREVIOUS A Global Game Studios Las Vegas Sydney Reno CURRENT A Global Game Studios Las Vegas Austin Expanded R&D Studio Structure Announced opening of Austin, Texas in partnership with Junto Creations (Jim Palermo) - 20+ years' experience with WMS, Everi and Incredible Technologies. Recent engagement of Reno, Nevada Studio to be run by Loren Nelson - 30+ years' experience with Scientific Games, Bally and Everi. A 28#29Online 29 29#30B2B Real Money Gaming (RMG) & Social Casinos GAN™ pariply® zynga BETCONSTRUCT Ainsworth Interactive is a B2B Real Money Gaming (RMG) online content supplier offering digital slot games in the iGaming industry. We have established ourselves as a leading iGaming supplier in regulated markets in Europe, Latin America and North America with over 120 games approved on our remote gaming servers (RGS). As the demand for digital gaming continues to grow in the US market, Ainsworth is expanding our presence with our strategic partner Game Account Network (GAN) via their extensive casino operator distribution channels. In Latin America we have partnered with online casino aggregators Pariplay and Bet Construct throughout Argentina, Colombia, Ecuador, Mexico, Peru, and Brazil. In social casino, Ainsworth's partnership with Zynga continues with our latest land-based games being made exclusive on the Hit It Rich Social Casino App. A 30 30#31B2B Real Money Gaming (RMG) NSWORTH INTERACTIVE GOLDEN NUGGET CASINO.COM USA GAN TM LATAM BETCONSTRUCT DRAFT KINGS RESORTS NETABET Casino Hotel pariplay MUSTANG MONEY PlayCity CASINO EUROPE pariplǝy LIGHT & WONDER GAN TM KYOTO WARRIOR B K RUSH STREET WynnBET INTERACTIVE Ocean CASINO RESORT BETMGM CAESARS ENTERTAINMENT. PENN ENTERTAINMENT 888 Borgata HOTEL CASINO & SPA casino Mohegan Sun Harrah's RESORT ATLANTIC CITY TM RUSH BetPlay BET Caliente Ecuabet SOLBET CASINO. Off K SPIN AUTO A ANWORTH Microgaming Demo Game Is Active 20 LINES €0.00 WIN €15.00 €1,000.00 TOTAL BET CASH Leander STRENDUS WINPOT. NPOT apuestatotal RUSH STREET INTERACTIVE DY FUNDALOR Dorado LOGRAND iSOFTBET Bet ENTERTAINMENT GROUP 31#32Conclusion Avto BUT S ZACKPOT $250.0 8.03 AUTY HIGH Denom GAMBLER'S INSWORTH GOLD H SIMULTANEOUS BETTING AINSWORTH GOLD T 32#33Conclusion · Revenue improvements across all major markets compared to pcp and fairly consistent revenue compared to prior half. AGT enters the calendar year 2023 with good momentum and expects to have continued growth in North America, further improvements in Latin America markets and steady performance from Australia. Risk mitigation strategies put in place to minimise inherent challenges brought about from COVID-19, primarily relating to global supply chain disruptions, talent recruitment and increasing inflationary cost pressures. AGT's North American business continues to make progress in Class II and HHR markets. Opportunities are continually being pursued in existing and new HHR markets, in particular New Hampshire, Louisiana, Alabama and Wyoming HHR markets and new locations within Kentucky. Continued focus in R&D investment with clear product strategy to drive sustained, long- term growth. Broadening of R&D team and third-party developers to deliver high quality innovative games and diversity in product offerings. The date of achieving a final resolution with the Mexican Tax Administration Service (SAT) remains uncertain and the Company will ensure that the market is kept updated for all future material developments relating to this matter. As outlined in the 2 June 2022 ASX release, the Company's financial year end will change from 30 June to 31 December (calendar year basis) which will be effective on 1 January 2023. The Company's current period results represent six-month transitional financial year beginning on 1 July 2022 and ending on 31 December 2022. RTH ANSWORTH SHIP $20,012.4 MEN CHOICE Gold $8.055.11 INSWORTH ANSWORTH 33 QUE#34Ainsworth Game Technology 10 Holker St, Newington NSW www.agtslots.com A NSWORTH *All trademarks, logos and brand names are the properties of their respective owners ULTRA Shot ANSWORTH ANSWORTH ASRAAD FORTUNE SUN ELECT CAS CASH 00 ECTRIC CASH LECTRIC CASH $7.500.00 GA A ULTRA Shot CKS ULTRAS $500 09 $400.02 $500 $488.28 $50 $50 10 K 9 ORO9 $18 $358.20 COUGAR PASH $28.43 JUKQ9 AK EQ 34 34