Q4 2009 Key Performance Indicators and Trading update
Playtech, (AIM: PTEC) the international designer, developer and licensor of software for the online, mobile and land-based gaming industry, today announces its Key Performance Indicators for the fourth quarter ending 31 December 2009 and a trading update ahead of announcing final results on 17 March 2010.
Financial Highlights
- Gross income up 23% at €137.3 million for the 12 months to 31 December 2009 (2008: €111.5 million)
- Gross income up 21% at €38.5 million for Q4/09 (Q3/09: €31.9 million), reflecting strong growth in activity and supported by particularly encouraging performance from casino, Italian poker, and WHO share of profit
- Total revenue of €30.4 million for Q4/09, representing an increase of 10% on the €27.7 million in Q3/09 (Q4/08: €31.5 million) and making full year revenue for 2009 of €114.8 million, up 3% vs 2008
- Casino revenues for Q4/09 totalled €20.7 million, up 12%; Poker revenues for Q4/09 totalled €8.4 million, up 3%
- Share of profit in William Hill Online of €8.1 million, up 94% in Q4/09 compared to €4.2 million in Q3/09, and making its first full year contribution of €22.5 million
Trading update
- Daily activity up by 7% in first 3 weeks of January, over Q4/09 daily average
Operational Highlights
- Several new licensees launched their operations in Q4/09 including: Betfair (casino); Netplay (TV gaming) and Serbian Lottery (casino & poker)
- Good contribution from licensees slot activity from branded games launched in Q4/09, including Incredible Hulk and Iron Man
- New license agreements in various regulated markets such as Sega; GTS announces license agreement with Virgin Games, the first since its acquisition in December
Recent corporate events:
- Landmark strategic alliance with Scientific Games (SG) of the US announced to focus on B2G opportunities in regulated markets, giving Playtech a significant worldwide lottery market exposure
-
Videobet's related software agreement with SG's Global Draw makes it the leading supplier to the UK's FOBT games terminal market and brings critical mass to its operations
- Acquisition of leading games platform developer, GTS in December 2009 delivers best of breed open-platform technology, large games library and 15 market-leading sportsbook licensees
-
World Lottery Association associate membership granted, enhancing Playtech's reputation in regulated markets around the world
Commenting on the KPI's Playtech's Chief Executive, Mor Weizer, said:
"The fourth quarter was a solid quarter with strong increases in all business areas. This strong performance has continued in the first three weeks of the year. The Board is very comfortable with market expectations for the year ended 31 December 2009 and looks forward to 2010 with confidence as another significant year of development."
Fourth quarter Key Performance Indicators at 31 December 2009
| Gross income | |||||
| Three months ended '000 (€) | 31 Dec 09 | 31 Dec 08 | Change % | 30-Sep-09 | Change % |
| Gross Income | 38,509 | 31,452 | 22% | 31,860 | 21% |
| Total Revenue | 30,424 | 31,452 | -3% | 27,697 | 10% |
| WHO Share of profit | 8,085 | - | 100% | 4,163 | 94% |
| Total revenue | |||||
| Three months ended '000 (€) | 31 Dec 09 | 31-Dec-08 | Change % | 30-Sep-09 | Change % |
| Total revenue | 30,424 | 31,452 | -3% | 27,697 | 10% |
| Casino revenue | 20,663 | 22,137 | -7% | 18,521 | 12% |
| Poker revenue | 8,382 | 8,559 | -2% | 8,167 | 3% |
| Revenue - Share of Geographical Diversity | |||
| Three months ended | 31 Dec 09 | 31 Dec 08 | 30 Sep 09 |
| Europe | 64% | 66% | 63% |
| Asia Pacific | 28% | 28% | 31% |
| Rest of the World | 8% | 6% | 6% |
| Revenue - Nominal Change in Geographical Regions | ||
| Period | Q4/09 to Q4/08 | Q4/09 to Q3/09 |
| Europe | +13% | +16% |
| Asia Pacific | +20% | +5% |
| Rest of the World | +39% | +29% |
Annual Key Performance Indicators at 31 December 2009
| Twelve months ended '000 (€) | 31 Dec 09 | 31 Dec 08 | Change % |
| Gross Income | 137,309 | 111,450 | 23% |
| Total Revenue | 114,775 | 111,450 | 3% |
| WHO Share of profit | 22,534 | - | 100% |
| Twelve months ended '000 (€) | 31 Dec 09 | 31 Dec 08 | Change % |
| Total revenue | 114,775 | 111,450 | 3% |
| Casino revenue | 76,757 | 79,396 | -3% |
| Poker revenue | 33,813 | 30,073 | 12% |
| Share of Geographical Diversity | ||
| 12 months ended | 31 Dec 09 | 31 Dec 08 |
| Europe | 64% | 70% |
| Asia Pacific | 30% | 24% |
| Rest of the World | 6% | 6% |
| Revenue - Nominal Change in Geographical Regions | |
| Period | 12 months to 31 Dec 09 to 12M ended 31 Dec 08 |
| Europe | +16% |
| Asia Pacific | +61% |
| Rest of the World | +28% |
All financial results mentioned herein are subject to audit.
For further information contact:
| Playtech Ltd | Tel: +44 (0) 20 7861 3232 |
| Mor Weizer, Chief Executive Shuki Barak, Chief Financial Officer Ross Hawley, Head of Investor Relations c/o Pelham Bell Pottinger | |
| Collins Stewart Piers Coombs / Bruce Garrow | Tel: +44 (0) 20 7523 8000 |
| Deutsche Bank Mumtaz Naseem | Tel: +44 (0) 20 7545 8000 |
| Pelham Bell Pottinger David Rydell / Olly Scott | Tel. +44 (0) 20 7861 3232 |
About Playtech
Playtech develops unified software platforms for the online and land based gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut. Playtech gaming applications - online casino, poker, bingo, mobile gaming, live gaming, land-based kiosk networks and fixed-odds games - are fully inter-compatible and can be freely incorporated as stand-alone applications, accessed and funded by players through the same user account and managed by the operator by means of a single powerful management interface. Founded in 1999, Playtech has over 800 personnel distributed globally, around seventy five percent of whom are engaged in research and development of current and future gaming technologies.
Website: www.playtech.com
