Aristocrat Acquisition of VGT Presentation
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Full year trading outlook
Aristocrat full year outlook (1)
We expect solid NPAT growth over the 2014 full year excluding one-off transaction related expenses
Although new technical standards for Macau have been issued, these have been received relatively late in the half with timing of the
resulting benefits and upside to the 2014 fiscal year remaining unclear. Should churn improve during the last quarter we expect there will
be upside to the 2014 full year result
We have risk-weighted our Japan contribution, as our major release, Black Lagoon 2TM, has not yet received regulatory approval. Should
regulatory approval be achieved soon, a potential release in the last quarter of 2014 would also represent upside to our full year NPAT
result
Our Australian dollar to US exchange rate assumption for the full year remains at 91 cents
In line with our strategy, we will incur an increased level of D&D investment in the second half
We expect improving operational performance across key markets and segments, reflecting the carry-forward of a higher gaming
operations installed base, strengthening fee per day and the impact of a full pipeline of compelling new game content
We expect continued ship share momentum and bottom line benefits, particularly in the US and Australia, from the step up in D&D
investment to be more evident through the second half of the year
VGT performance year to date
VGT has demonstrated strong operating performance so far in CY2014, with year to date performance ahead of the prior corresponding year
Notes:
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(1)
Guidance assumes an AUD/USD exchange rate of 0.91
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