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Half Yearly Report 31 st December 2004

Half Yearly Report 31 st December 2004. Business Review. Consolidated loss after tax $681K Group Revenue of $7.7 million Key Contributor US Link Start Up Costs $867K Gaming Systems profit of $167K Online business $19K Operating costs reduced by $800K (20%). Revenue. Balance Sheet.

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Half Yearly Report 31 st December 2004

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  1. Half Yearly Report 31st December 2004

  2. Business Review • Consolidated loss after tax $681K • Group Revenue of $7.7 million • Key Contributor US Link Start Up Costs $867K • Gaming Systems profit of $167K • Online business $19K • Operating costs reduced by $800K (20%)

  3. Revenue

  4. Balance Sheet

  5. Cashflow

  6. Gaming Systems Division • Market still difficult- confidence building • Gaming systems & equipment Revenue $5.207 million • Domestic Sales = 84% • International Sales = 16% • Cost of Goods reduced by 5%

  7. Gaming Service, Support & Licenses • To date our leader in Recurring Revenue Model • Strong Growth • Revenues increased by 42% to $2.1 million

  8. Professional Services • Specialised Development Work • Sales of Non Core Products- Risk and Compliance Mgr • Contributing new revenue of $197K

  9. Maxi Gaming (US Links) • System Preparation, Implementation and Start Up Costs of $867K (expensed) • Sophisticated Wide Area Network • “Go Live” across a Total 76 machines at Pechanga & Soboba

  10. Maxi Gaming (US Links) • Early figures indicate significant increase in machine play • Commence expansion operation over the coming weeks

  11. Wide Area Progressive Network Operations Centres

  12. # As at 7.00am 21/02/05

  13. Jackpot Hits • 10 Minor Jackpot Hits = $9,416.65 • 132 Mini Jackpot Hits = $11,767.92 • 142 Total Jackpot Hits = $21,184.57

  14. Significant Developments • Player Account Limits Increased from $200 to $1,000 • EPS re-branded and re-launched as Freedom • Netcash suite of products, scaled to suit venue needs and expectations

  15. Significant Developments • SAS Protocol compatibility for International Markets • Remote Firmware Download capabilities • Introduction of Risk & Compliance Manager System

  16. Subsequent Events • Maxmillion$ Wide Area Link Progressive Jackpot System has commenced operations • Significant Company Milestone • Strengthens the Recurring Revenue Model

  17. Outlook • Domestic market remains challenging • Increase in product range • Continue our push into the International Markets • Expand Non- Core Products • Maxi Gaming early performance indications provide will meet EBITDA forecasts of $800K (first full year of operation)

  18. Thank You Questions

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