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Intralot S.A.

Quarterly Report Sep 28, 2015

2695_ir_2015-09-28_6837c589-183b-4f80-a3d9-c32152a879fa.pdf

Quarterly Report

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01/01-

01/04-

01/04-

30/06/2007 30/06/2006 30/06/2007 30/06/2006 30/06/2007 30/06/2006 30/06/2007 30/06/2006
ASSETS Sale Proceeds 378.817 381.967 199.001 202.170 102.505 106.712 62.056 65.401
Tangible assets 307.857 209.623 222.241 168.091 Less: Cost of Sales -233.565 -223.819 -121.256 -125.636 -51.043 -35.911 -32.611 -18.966
Inventories 33.259 25.034 28.431 20.573 Gross Profit / (Loss) 145.252 158.148 77.745 76.534 51.462 70.801 29.445 46.435
Trade Accounts Receivable 114.940 90.558 130.788 116.985
Other assets 345.817 467.902 168.850 242.016 Other Income 7.745 1.116 -12.692 -4.290 25 48 20 6
TOTAL ASSETS 801.873 793.117 550.310 547.665 Selling Expenses -17.373 -20.598 -8.769 -12.915 -3.523 -4.041 -1.924 -2.193
Admininstrative Costs -26.123 -20.785 -16.142 -11.427 -5.919 -6.682 -3.321 -3.756
LIABILITIES Research and Development Costs -3.956 -4.575 -2.098 -2.554 -3.965 -4.575 -2.107 -2.554
Long-term Debt 339.421 310.004 268.963 265.997 Other Operating Expenses -256 -531 -119 387 - - - -
Short-term Borrowing and Current Portion of L-T Debt 34.838 44.796 10.000 32.000 EBIT 105.289 112.775 37.925 45.735 38.080 55.551 22.113 37.938
Other Short-term Liabilities 130.067 148.265 64.150 89.255
Total Liabilities (a) 504.326 503.065 343.113 387.252 EBITDA 120.569 122.716 46.476 50.928 42.074 59.087 24.118 39.739
Share Capital 29.154 29.154 29.154 29.154 0
Other Equity components 202.136 174.722 178.043 131.259 Interest and similar charges -12.792 -6.854 -5.921 -1.879 -8.375 -2.436 -3.856 -930
Total Shareholders Equity (b) 231.290 203.876 207.197 160.413 Interest and related income 12.951 8.703 5.648 4.894 53.475 10.638 35.028 10.440
Minority Interest (c ) 66.257 86.176 - - Exchange differences -1.737 -551 -1.552 -309 2.172 -1.182 1.186 -914
Total Equity (d)= (b)+(c ) 297.547 290.052 207.197 160.413 Operating Profit / (Loss) before tax 103.711 114.073 36.100 48.441 85.352 62.571 54.471 46.534
TOTAL EQUITY AND LIABILITIES (a) + (d) 801.873 793.117 550.310 547.665 0 Less taxes: -22.648 -29.327 -9.460 -7.141 -10.469 -17.267 -6.790 -11.061
Net Profit / Loss from Continuing Operations (a) 81.063 84.746 26.640 41.300 74.883 45.304 47.681 35.473
Net Profit / Loss from Discontinuing Operations (b) - - - - - - - -
Net Profit / Loss (Continuing and Discontinuing Operations)
(a) + (b) 81.063 84.746 26.640 41.300 74.883 45.304 47.681 35.473
3. CONDENSED STATEMENT OF CHANGES IN EQUITY GROUP / COMPANY Attributable to:
Equity holders of the parent
GROUP COMPANY 57.609 55.238 23.491 31.273 74.883 45.304 47.681 35.473
30/6/2007 30/6/2006 30/6/2007 30/6/2006 Minority Interest 23.454 29.508 3.149 10.027 - - - -
Net equity of period Opening Balance (1.01.2007 and
1.01.2006 respectively) 290.052 201.239 160.413 119.622 Earnings after taxes per share
Profit for the year after taxes 81.063 84.746 74.883 45.304 basic (€) 0,73 0,71 0,30 0,40 0,95 0,58 0,60 0,45
Share Capital Increase / (Decrease) - - - - diluted (in €) 0,73 0,71 0,30 0,40 0,95 0,58 0,60 0,45
Dividends Distributed -81.842 -40.927 -29.271 -35.386

Sypplementary information Plus /Less adjustments for:

1. CONDENSED BALANCE SHEET GROUP / COMPANY 2. CONDENSED INCOME STATEMENT GROUP / COMPANY
GROUP COMPANY COMPANY
30/6/2007 31/12/2006 30/6/2007 31/12/2006 01/01-
30/06/2007
01/01-
30/06/2006
01/04-
30/06/2007
01/04-
30/06/2006
01/01-
30/06/2007
ASSETS Sale Proceeds 378.817 381.967 199.001 202.170 102.505
Tangible assets 307.857 209.623 222.241 168.091 Less: Cost of Sales -233.565 -223.819 -121.256 -125.636 -51.043
Inventories 33.259 25.034 28.431 20.573 Gross Profit / (Loss) 145.252 158.148 77.745 76.534 51.462
Trade Accounts Receivable 114.940 90.558 130.788 116.985
Other assets 345.817 467.902 168.850 242.016 Other Income 7.745 1.116 -12.692 -4.290 25
TOTAL ASSETS 801.873 793.117 550.310 547.665 Selling Expenses -17.373 -20.598 -8.769 -12.915 -3.523
Admininstrative Costs -26.123 -20.785 -16.142 -11.427 -5.919
LIABILITIES Research and Development Costs -3.956 -4.575 -2.098 -2.554 -3.965
Long-term Debt 339.421 310.004 268.963 265.997 Other Operating Expenses -256 -531 -119 387 -
Short-term Borrowing and Current Portion of L-T Debt 34.838 44.796 10.000 32.000 EBIT 105.289 112.775 37.925 45.735 38.080
Other Short-term Liabilities 130.067 148.265 64.150 89.255
Total Liabilities (a) 504.326 503.065 343.113 387.252 EBITDA 120.569 122.716 46.476 50.928 42.074
Share Capital 29.154 29.154 29.154 29.154 0
Other Equity components 202.136 174.722 178.043 131.259 Interest and similar charges -12.792 -6.854 -5.921 -1.879 -8.375
Total Shareholders Equity (b) 231.290 203.876 207.197 160.413 Interest and related income 12.951 8.703 5.648 4.894 53.475
Minority Interest (c ) 66.257 86.176 - - Exchange differences -1.737 -551 -1.552 -309 2.172
Total Equity (d)= (b)+(c ) 297.547 290.052 207.197 160.413 Operating Profit / (Loss) before tax 103.711 114.073 36.100 48.441 85.352
GROUP COMPANY
30/6/2007 30/6/2006 30/6/2007 30/6/2006 Minority Interest 23.454 29.508 3.149 10.027
Net equity of period Opening Balance (1.01.2007 and
1.01.2006 respectively) 290.052 201.239 160.413 119.622 Earnings after taxes per share
Profit for the year after taxes 81.063 84.746 74.883 45.304 basic (€) 0,73 0,71 0,30 0,40
Share Capital Increase / (Decrease) - - - - diluted (in €) 0,73 0,71 0,30 0,40
Dividends Distributed -81.842 -40.927 -29.271 -35.386
Net Amounts Effected Directly Equity 8.274 -37.949 1.172 1.728
4. CONDENSED CASH FLOW STATEMENT COMPANY / GROUP
Net Equity of period Closing Balance (30/06/2007
and 30/06/2006 respectively)
297.547 207.109 207.197 131.268
Company's Name:
Public Companies (S.A.) Reg. No.:
Domicile:
Regulatory Authority:
INTRALOT S.A.
27074/06/Β/92/9
Kifissias 64 & Premetis 3, Marousi.
Ministry of Development
Web Site: www.intralot.com
Date of incorporation:
Core Activity:
Financial Statements approval date : August 27th, 2007
31/07/1992
Integrated Lottery Systems and Services
Type of Auditor's Report: Unqualified
I. Full Consolidation
COMPANY BASE DIRECT PARTICIPATION
PERCENTAGE
INDIRECT
PARTICIPATION
PERCENTAGE
10. BETTING CYPRUS LTD Nicosia, Cyprus 100%
INTRALOT DE CHILE SA
INTRALOT DE PERU SAC
Santiago, Chile
Lima, Peru
99,99%
99,98%
INTRALOT INC. Atlanta, USA 85% operating activities:
INTRALOT BETTING OPERATIONS (CYPRUS) LTD Nicosia, Cyprus 54,95%
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD Nicosia, Cyprus 100%
2. LOTROM SA Bucharest,Romania 60% (Less):
2. YUGOLOT LTD Belgrade, Serbia 100%
3. EUROFOOTBALL LTD Sofia, Bulgaria 49%
2. INTRALOT INTERNATIONAL LTD Nicosia, Cyprus 100% Investing Activities
5. INTRALOT OPERATIONS LTD Nicosia, Cyprus 100%
2. WHITE EAGLE INVESTMENTS LTD Hertfordshire, United Kingdom 100%
9. YUVENGA CJSC Moscow, Russia 24,50% Financing Activities
Moscow, Russia 100%
2. INTRALOT OOO
INTRALOT ASIA PACIFIC LTD Hong Kong, Hong Kong 100%
INTRALOT SOUTH AFRICA LTD Johannesburg, S. Africa 60%
2. INTRALOT ITALIA SRL
14. SERVICIOS TRANSDATA SA
Rome, Italy
Lima, Peru
85%
100%
INTRALOT IBERIA SAU Madrid, Spain 100%
INTRALOT IBERIA HOLDINGS Madrid, Spain 100% 31, 2006).
50,1%
TECNO ACCION S.A.
16. GAMING SOLUTIONS INTERNATIONAL SAC
Buenos Aires, Argentina
Lima, Peru
99%
2. GAMING SOLUTIONS INTERNATIONAL LTD Bogota, Colombia 99% 1% 2,68%.
INTRALOT BEIJING Co LTD Beijing, China 100%
2. NAFIROL SA Montevideo, Ouragouai 100%
5. There are no real liens.
II. Equity Method:
BILYONER INTERAKTIF HIZMELTER AS (former LIBERO INTERAKTIF
AS) Istanbul, Turkey 25%
LOTRICH INFORMATION Co. LTD Taipei, Taiwan 40%
INNOVATIVE SOL. CONS. GROUP INC Manila, Philippines 37,38%
12. TOTAL GAMING TECHNOLOGIES INC Manila, Philippines 29,90%
13. GIDANI LTD Johannesburg, S. Africa 13,50%
Subsidiary of the company:
1: Intralot Betting Operations(Cyprus)Ltd 8: Beta Rial Sp.Zoo.
2: Intralot Holdings International Ltd
3: Bilot EOOD
9: Uniclic Ltd
10: Betting Company SA
4: Eurofootball Ltd 11: Ιntralot Egypt LTD
5: Ιntralot International Ltd
6: Pollot Sp.Zoo
12: Innovative Sol. Cons. Group Inc
13: Intralot South Africa Ltd
7: White Eagle Investments Ltd 14: Intralot Operations Ltd as following:
15: Intralot Iberia Holdings SA
16: Nafirol SA
30/6/2007 30/6/2006
Amounts reported in thousands of € Group Company Group Company
a) Sales of goods and services
-to subsidiaries - 68.060 - 92.721
-to other related parties 2.691 2.857 2.538 1.576
b) Purchases of goods and services
-from subsidiaries - 3.133 - 5.122
-from other related parties 42.531 37.573 11.236 11.803
c) Receivables
-from subsidiaries - 119.937 - 80.017
-from other related parties 7.059 13.692 31.788 29.857
d) Payables
-to subsidiaries - 7.709 - 7.184
-to other related parties 32.481 22.426 33.646 32.622
e) BoD and Key Management Personnel transactions and fees 2.927 1.392 - 732
f) BoD and Key Management Personnel receivables 44 - - -
g) BoD and Key Management Personnel payables 135 - - -
GROUP COMPANY
Net Equity of period Closing Balance (30/06/2007
and 30/06/2006 respectively)
297.547 207.109 207.197
131.268
1/1-30/06/2007 1/1-30/06/2006 1/1-30/06/2007 1/1-30/06/2006
Operating Activities
Net Profit before Taxation 103.711 114.073 85.352 62.571
Sypplementary information Plus /Less adjustments for:
1. The companies included in the consolidation, with the relevant addresses and the relevant participation percentages are the following: Depreciation and Amortization 15.244 9.941 3.994 3.535
Provisions 473 15.899 206 70
I. Full Consolidation Exchange rate differences 5.099 -13.489 171 0
Results from Investing Activities 2.837 4.410 -49.966 -9.483
COMPANY BASE DIRECT PARTICIPATION
PERCENTAGE
INDIRECT
PARTICIPATION
PERCENTAGE
INTRALOT SA Maroussi, Attica Parent Parent Debit Interest and similar expenses 12.626 6.854 8.375 2.436
5 BETTING COMPANY SA N. Iraklion, Attica 95% 5% Credit Interest -12.951 -8.703 -2.405 -217
10. BETTING CYPRUS LTD Nicosia, Cyprus 100%
INTRALOT DE CHILE SA Santiago, Chile 99,99%
INTRALOT DE PERU SAC Lima, Peru 99,98% Plus/ Less adjustments of working capital to net cash or related to
INTRALOT INC. Atlanta, USA 85% operating activities:
INTRALOT BETTING OPERATIONS (CYPRUS) LTD Nicosia, Cyprus 54,95%
1. ROYAL HIGHGATE LTD Paralimni, Cyprus 3,82% 29,39% Decrease/(increase) of Inventories -8.225 -5.565 -7.858 -3.859
POLLOT Sp.zo.o Warsaw, Poland 100% Decrease/(increase) of Receivable Accounts -52.711 -11.786 -54.799 -27.179
ΜALTCO LOTTERIES LTD Valetta, Malta 73% Decrease/(increase) of Payable Accounts (except Banks) -27.602 -17.955 -26.181 -2.819
ΙΝTRALOT HOLDINGS INTERNATIONAL LTD Nicosia, Cyprus 100%
2. LOTROM SA Bucharest,Romania 60% (Less):
2. YUGOLOT LTD Belgrade, Serbia 100%
2. YUGOBET LTD Belgrade, Serbia 100% Interest Paid and similar expenses paid 9.865 6.855 5.615 2.436
2. BILOT EOOD Sofia, Bulgaria 100% Income Tax Paid 23.861 29.301 10.015 5.887
3. EUROFOOTBALL LTD Sofia, Bulgaria 49%
4. EUROFOOTBALL PRINT LTD Sofia, Bulgaria 49% Net Cash from Operating Activities (a) 4.775 57.523 -58.741 16.732
2. INTRALOT INTERNATIONAL LTD Nicosia, Cyprus 100% Investing Activities
5. INTRALOT OPERATIONS LTD Nicosia, Cyprus 100%
2. INTRALOT BUSINESS DEVELOPMENT LTD Nicosia, Cyprus 100% Purchases of subsidiaries, associates and other investments -5.900 -72.586 -15.395 -73.248
2. INTRALOT TECHNOLOGIES LTD Nicosia, Cyprus 100% Purchases of tangible and intangible assets -74.390 -24.360 -1.316 -2.763
15. INTELTEK INTERNET AS Istanbul, Turkey 20% 25% Proceeds from sales of tangible and intangible assets 43 49 - -
LOTERIA MOLDOVEI SA Chisinau, Moldova 47,90% Interest received 12.951 8.877 2.404 217
6,7,8 TOTOLOTEK SA Warsaw, Poland 56,24% Dividends received - - 51.070 10.421
2. WHITE EAGLE INVESTMENTS LTD Hertfordshire, United Kingdom 100%
2. BETA RIAL Sp.Zoo Warsow, Poland 100% Net Cash from Investing Activities (b) -67.296 -88.020 36.763 -65.373
Moscow, Russia 24,50% Financing Activities
9. YUVENGA CJSC
2. UNICLIC LTD
Nicosia, Cyprus 50% Cash inflows from Share Capital Increase/Share Premium deposits 244 - - -
9. DOWA LTD Nicosia, Cyprus 30% Cash inflows from loans 32.808 112.974 - 90.459
INTRALOT NEW ZEALAND LTD Wellington, New Zealand 100% Repayment of loans -10.416 -7.496 -22.000 -
2. ΙNTRALOT EGYPT LTD Nicosia, Cyprus 88,24% Repayment of Leasing Obligations -358 -1.555 - -
11,2. E.C.E.S. SAE Cairo, Egypt 75,01% Dividends paid -81.842 -40.927 -29.188 - 35.385
Moscow, Russia 100%
2. INTRALOT OOO
POLDIN LTD
Warsaw, Poland 100% Net Cash from Financing Activities (c ) -59.564 62.996 -51.188 55.074
Net increase / (decrease) in cash and cash equivalents for -122.085 32.499 -73.166 6.433
INTRALOT ASIA PACIFIC LTD Hong Kong, Hong Kong 100% the period (a) + (b) + (c )
INTRALOT AUSTRALIA PTY LTD Melbourne, Australia 100%
60%
Cash and cash equivalents at the beginning of the year 467.902 157.326 242.016 21.398
INTRALOT SOUTH AFRICA LTD
INTRALOT LUXEMBOURG SA
Johannesburg, S. Africa 100% Cash and cash equivalents at the end of the year 345.817 189.825 168.850 27.831
2. INTRALOT ITALIA SRL Luxembourg, Luxembourg
Rome, Italy
85%

provision of support services for the betting game amounts to € 96,5 millions. 12.The Group buy out on 05/01/07 the 50,1% of TechnoAccion SA based in Argentina, for the amount of 8.361 thousands € 13. The amounts of sales, purchases of goods and services, accounts receivable and liabilities of the Company and the Group with related parties are analysed as following:

GROUP GROUP COMPANY

  1. Intralot Group has reached an agreement with OPAP SA with a starting date July 31, 2007.In the context of this agreement,the Group will provide OPAP SA services that concerns the support of the game "Pame Stihima" with the addition of new betting products and the rendering of updated services of business and tecnical support as well as and the allotment of 29.400 terminals.The contract value for the provision of the equipment, the transfer of know-how and the value of € 0,37 each. Payment of this amount was confirmed by the Board of Directors on 18/12/2006 while the share capital increase and confirmation of this amount were approved by decisions K2- 18152/22-12-2006 and K2-18153/22-12-2006 of the Ministry of Development
THE CHAIRMAN THE VICE-CHAIRMAN OF THE BOARD THE GENERAL DIRECTOR OF FINANCE THE ACCOUNTING DIRECTOR
OF THE BOARD OF DIRECTORS OF DIRECTORS AND CEO AND BUSINESS DEVELOPMENT
S. P.KOKKALIS
ID. No Π 695792
C.G. ANTONOPOULOS
ID. No. M 102737
I. O. PANTOLEON
ID. No. Σ 637090
E.N. LANARA
ID. No. AB 606682
H.E.C. License No. 133/A' Class

8.There are no legal issues with material effect on the financial position of the Group. 9. The personnel employed of the Company and the Group as at the end of the first semester of 2007 is 427 and 3.665 respectively.For the first semester of 2006, the personnel employed of the Company and the Group was 369 and 2.902 respectively. 10. Following the share option, during 2006, the share capital was increased A) 6.969,32€ with the issue of 18.836 nominal shares with a nominal value of € 0,37 each. Payment of this amount was confirmed by the Board of Directors on 18/12/2006 while the share capital increase and confirmation of this amount were approved by decisions K2- 18150/22-12-2006 and K2-18151/22-12-2006 of the Ministry of Development and B) 353.847,65€ with the issue of 956.345 nominal shares with a nominal

  1. The company holds dominant influence in Loteria Moldovei Sa, and for that purpose Loteria Moldovei Sa is consolidated with the Full Consolidation Method. Also, Inteltek Internet AS is included in the consolidation with the Full Consolidation Method, since the Group holds dominant influence in the company's financing and operating activities, as well as in the determination of its internal procedures. Furhermore, the Group has access in the company's accounting books and other information.

INTRALOT S.A. INTEGRATED LOTTERY SYSTEMS AND SERVICES Condensed Notes and information of Group and Company for the period from 1 January 2007 until 30 June 2007 According to 360/1985 and 2/396/31.08.2007 resolution of Greek Capital Commitee- Amounts reported in thousands €

Maroussi, August 27, 2007

consolidation have not undergone tax authorities fiscal control for the last one to five fiscal years. 5. There are no real liens.

  1. The same accounting policies and methods of computation have been followed as compared with the previous year's annual consolidated financial statements (December 31, 2006).

  2. The company has not undergone tax authorities fiscal control for the period 01/01-31/12/2006 and 01/01-30/06/2007, while the rest companies that are included in the 3. The companies included in the consolidation of 30/06/2007 and not in the consolidation of 30/06/2006 due to subsequent acquisition are the following: E.C.E.S. SAE, INTRALOT OOO, POLDIN LTD, INTRALOT ASIA PACIFIC LTD, INTRALOT AUSTRALIA PTY LTD, INTRALOT SOUTH AFRICA LTD, INTRALOT LUXEMBOURG SA, INTRALOT ITALIA SRL, SERVICIOS TRANSDATA SA, LOTRICH INFORMATION Co. LTD, INNOVATIVE SOL. CONS. GROUP INC, TOTAL GAMING TECHNOLOGIES INC, GIDANI LTD, INTRALOT IBERIA SAU, INTRALOT IBERIA HOLDINGS SA, TECNO ACCION S.A., GAMING SOLUTIONS INTERNATIONAL LTD, GAMING SOLUTIONS INTERNATIONAL SAC, INTRALOT BEIJING CO LTD,NAFIROL SA. Instant Lottery Group SA is not consolidated this period, on the contrary to the previous one due to our participation decline to 2,68%.

Certified Auditor : George Karamichalis A.M/S.O.E.L 15931 Auditor Firm: S.O.L A.E. A.M. /S.0.E.L. 125 Web Site: www.intralot.com

  1. In the Liabilities accounts "Other Short-term Liabilities" and "Long Term Debt"are included amounts of € 2,8 millions and € 5,9 millions respectively that represent provision for contingent cost excess concerning betting games at pre-determined yield.

All following data and information aim to provide a general briefing for the financial position and the results of INTRALOT Group. Therefore, it is recommended to any reader who is willing to proceed to any kind of investment decision or transaction, moreover to obtain a more complete picture of these financial position and results, to visit INTRALOT web site (www.intralot.com) where the Interim Condensed Financial Statements, as they are prepared according to IFRS, are posted, accompanied by the Auditors Opinion, where it is necessary.

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